Macmahon HoldingsASX:MAH +1.72%62 ROC (Joel Greenblatt) % is 25.62% as of Dec. 2025, which is 71% above its 10-year median of 15.02. GuruFocus rates ASX:MAH with a GF Score™ of 62/100 and a GF Value™ of A$0.35 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,495 Metals & Mining companies, Macmahon Holdings ranks better than 88.34% on this metric.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. Macmahon Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 25.62%.
The historical rank and industry rank for Macmahon Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
ASX:MAH'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -3.93 Med: 15.02 Max: 23.92
Current: 23.92
During the past 13 years, Macmahon Holdings's highest ROC (Joel Greenblatt) % was 23.92%. The lowest was -3.93%. And the median was 15.02%.
ASX:MAH's ROC (Joel Greenblatt) % is ranked better than 88.34% of 2495
companies
in the Metals & Mining industry
Industry Median: -22.69
vs ASX:MAH: 23.92
Macmahon Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 2.10% per year.
The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.
Macmahon Holdings ROC (Joel Greenblatt) % Related Terms
Macmahon Holdings ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Macmahon Holdings's ROC (Joel Greenblatt) % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Other Industrial Metals & Mining subindustry, Macmahon Holdings's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Macmahon Holdings ROC (Joel Greenblatt) % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Macmahon Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Macmahon Holdings's ROC (Joel Greenblatt) % falls into.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:
EBIT stands for Earnings Before Interest and Taxes.
Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.
GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.
Note:
The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a ROC (Joel Greenblatt) % of 25.62% mean?
Macmahon Holdings (ASX:MAH) has a ROC (Joel Greenblatt) % of 25.62% as of Dec. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Macmahon Holdings and its competitors. This is 71% above median its historical median of 15.02. According to the industry distribution chart, Macmahon Holdings ranks #291 out of 2495 companies in the Metals & Mining industry, placing it in the top 11.7%.
Is Macmahon Holdings' ROC (Joel Greenblatt) % too high?
Macmahon Holdings' current ROC (Joel Greenblatt) % of 25.62% is 71% above median its 10-year median of 15.02. Based on the distribution chart, Macmahon Holdings ranks #291 out of 2495 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Macmahon Holdings has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Macmahon Holdings' ROC (Joel Greenblatt) % compare to competitors?
According to the Metals & Mining industry distribution chart, Macmahon Holdings ranks #291 out of 2495 companies for ROC (Joel Greenblatt) %. This places Macmahon Holdings in the top 12% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC (Joel Greenblatt) % for a Metals & Mining company?
A good ROC (Joel Greenblatt) % depends on the Metals & Mining industry context. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Macmahon Holdings and its competitors. Macmahon Holdings's current ROC (Joel Greenblatt) % is 25.62%, which is 71% above median its own 10-year median of 15.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Macmahon Holdings stock overvalued right now?
Based on GuruFocus' analysis, Macmahon Holdings (ASX:MAH) is currently considered Significantly Overvalued. The stock's GF Value™ is A$0.35, compared to a current price of A$0.89 — trading 152.9% above its estimated fair value. The current ROC (Joel Greenblatt) % is 25.62%, which is 71% above median its 10-year median of 15.02. Macmahon Holdings' overall GF Score™ is 62/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Macmahon Holdings (ASX:MAH), the current ROC (Joel Greenblatt) % is 25.62% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Macmahon Holdings (ASX:MAH) Overvalued in 2026?
Based on GuruFocus' analysis, Macmahon Holdings stock appears to be overvalued.
The current stock price of A$0.89 is trading 152.9% above its estimated GF Value™ of A$0.35.
GuruFocus considers Macmahon Holdings to be Significantly Overvalued.
Key valuation signals for ASX:MAH:
ROC (Joel Greenblatt) %: 25.62% (71% above median its 10-year median of 15.02)
GF Value™: A$0.35 vs. price of A$0.89 (152.9% above fair value)
No single metric tells the full story. See the ASX:MAH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Macmahon Holdings Ltd is an Australian company providing mining services to clients throughout Australia, Southeast Asia, and South Africa. Its cend-to-end mining services encompass mine development and materials delivery through to engineering, civil construction, on-site mining services, rehabilitation, site remediation, training and equipment maintenance, and refurbishment services. Its segments are Surface Mining, Underground Mining, International Mining, and Civil Infrastructure. It provides a complete set of mining services which includes surface and underground mining, civil and rehabilitation services, equipment maintenance, rentals and management.
62GF Score
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