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MAAS Group HoldingsASX:MGH -0.35%62 ROC (Joel Greenblatt) % is 16.27% as of Dec. 2025, which is 20% below its 10-year median of 20.44. GuruFocus rates ASX:MGH with a GF Score™ of 62/100 and a GF Value™ of A$5.60 (Fairly Valued). The stock has 8 warning signs investors should review. Among 1,782 Construction companies, MAAS Group Holdings ranks worse than 53.37% 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. MAAS Group Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 16.27%.
The historical rank and industry rank for MAAS Group Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
ASX:MGH'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 16.58 Med: 20.44 Max: 25.48
Current: 17.07
During the past 6 years, MAAS Group Holdings's highest ROC (Joel Greenblatt) % was 25.48%. The lowest was 16.58%. And the median was 20.44%.
ASX:MGH's ROC (Joel Greenblatt) % is ranked worse than 53.37% of 1782
companies
in the Construction industry
Industry Median: 19.56
vs ASX:MGH: 17.07
MAAS Group Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
MAAS Group Holdings (ASX:MGH) ROC (Joel Greenblatt) % Explanation
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.
MAAS Group Holdings ROC (Joel Greenblatt) % Related Terms
MAAS Group Holdings ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for MAAS Group 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.
ASX:MGH vs PWR, FIX, EME: ROC (Joel Greenblatt) % Comparison
For the Engineering & Construction subindustry, MAAS Group 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.
MAAS Group Holdings ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, MAAS Group Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where MAAS Group Holdings's ROC (Joel Greenblatt) % falls into.
MAAS Group Holdings ROC (Joel Greenblatt) % Calculation
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 16.27% mean?
MAAS Group Holdings (ASX:MGH) has a ROC (Joel Greenblatt) % of 16.27% 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 MAAS Group Holdings and its competitors. This is 20% below median its historical median of 20.44. Over the past decade, MAAS Group Holdings' ROC (Joel Greenblatt) % has ranged from 16.58 to 25.48. According to the industry distribution chart, MAAS Group Holdings ranks #951 out of 1782 companies in the Construction industry, placing it in the top 53.4%.
Is MAAS Group Holdings' ROC (Joel Greenblatt) % too high?
MAAS Group Holdings' current ROC (Joel Greenblatt) % of 16.27% is 20% below median its 10-year median of 20.44. Over the past 10 years, this metric has ranged from a low of 16.58 to a high of 25.48. The Construction industry median ROC (Joel Greenblatt) % is 19.56. MAAS Group Holdings' value of 16.27% is 16.8% below this industry median. Based on the distribution chart, MAAS Group Holdings ranks #951 out of 1782 companies in the Construction industry, which is below the industry midpoint. Overall, MAAS Group Holdings has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does MAAS Group Holdings' ROC (Joel Greenblatt) % compare to PWR and FIX?
According to the Construction industry distribution chart, MAAS Group Holdings ranks #951 out of 1782 companies for ROC (Joel Greenblatt) %. This places MAAS Group Holdings in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 19.56. MAAS Group Holdings' value of 16.27% is 16.8% below this benchmark. Historically, MAAS Group Holdings' own ROC (Joel Greenblatt) % has ranged from 16.58 to 25.48 over the past decade. While the company's 10-year median is 20.44 vs. the industry median of 19.56, MAAS Group Holdings has consistently been below the industry average. 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 Construction company?
The median ROC (Joel Greenblatt) % among Construction companies is 19.56, based on 1,782 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MAAS Group Holdings's current ROC (Joel Greenblatt) % of 16.27% is 16.8% below the industry median. 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 MAAS Group Holdings and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MAAS Group Holdings's current ROC (Joel Greenblatt) % is 16.27%, which is 20% below median its own 10-year median of 20.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MAAS Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, MAAS Group Holdings (ASX:MGH) is currently considered Fairly Valued. The stock's GF Value™ is A$5.60, compared to a current price of A$5.73 — trading 2.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is 16.27%, which is 20% below median its 10-year median of 20.44 and 16.8% below the Construction industry median of 19.56. MAAS Group Holdings' overall GF Score™ is 62/100 with 8 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 MAAS Group Holdings (ASX:MGH), the current ROC (Joel Greenblatt) % is 16.27% 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 MAAS Group Holdings (ASX:MGH) Overvalued in 2026?
Based on GuruFocus' analysis, MAAS Group Holdings stock appears to be overvalued.
The current stock price of A$5.73 is trading 2.3% above its estimated GF Value™ of A$5.60.
GuruFocus considers MAAS Group Holdings to be Fairly Valued.
Key valuation signals for ASX:MGH:
ROC (Joel Greenblatt) %: 16.27% (20% below median its 10-year median of 20.44)
GF Value™: A$5.60 vs. price of A$5.73 (2.3% above fair value)
Industry Position: 16.8% below the Construction median (#951 of 1782)
No single metric tells the full story. See the ASX:MGH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MAAS Group Holdings Ltd is an industrial service and real estate business with exposure across the property, civil, infrastructure, renewable energy, and mining sectors. The company's operating segments include Construction Materials; Residential Real Estate; Civil, Construction and Hire; Commercial Real Estate; Manufacturing; and Others. It generates maximum revenue from the Construction Materials segment which provides various services like supply of quarry materials to construction projects, mobile crushing and screening for quarries, civil works and mining, geotechnical services, asphalt services, and quarry excavation services. Geographically, the company's customers are located across Australia, Vietnam, Indonesia, Mongolia, Papua New Guinea, and New Zealand.
62GF Score
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