Oceania HealthcareASX:OCA 45 ROC (Joel Greenblatt) % is 0.52% as of Mar. 2026, which is 91% below its 10-year median of 5.92. GuruFocus rates ASX:OCA with a GF Score™ of 45/100 and a GF Value™ of A$0.78 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 669 Healthcare Providers & Services companies, Oceania Healthcare ranks worse than 66.07% 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. Oceania Healthcare's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 0.52%.
The historical rank and industry rank for Oceania Healthcare's ROC (Joel Greenblatt) % or its related term are showing as below:
ASX:OCA'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -4.74 Med: 5.92 Max: 27.58
Current: 2
During the past 9 years, Oceania Healthcare's highest ROC (Joel Greenblatt) % was 27.58%. The lowest was -4.74%. And the median was 5.92%.
ASX:OCA's ROC (Joel Greenblatt) % is ranked worse than 66.07% of 669
companies
in the Healthcare Providers & Services industry
Industry Median: 12.46
vs ASX:OCA: 2.00
Oceania Healthcare's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% 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.
Oceania Healthcare ROC (Joel Greenblatt) % Related Terms
Oceania Healthcare ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Oceania Healthcare'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:OCA vs HCA, THC, DVA: ROC (Joel Greenblatt) % Comparison
For the Medical Care Facilities subindustry, Oceania Healthcare'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.
Oceania Healthcare ROC (Joel Greenblatt) % vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Oceania Healthcare's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Oceania Healthcare'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 (Mar. 2026) 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 0.52% mean?
Oceania Healthcare (ASX:OCA) has a ROC (Joel Greenblatt) % of 0.52% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Oceania Healthcare and its competitors. This is 91% below median its historical median of 5.92. According to the industry distribution chart, Oceania Healthcare ranks #442 out of 669 companies in the Healthcare Providers & Services industry, placing it in the top 66.1%.
Is Oceania Healthcare's ROC (Joel Greenblatt) % too high?
Oceania Healthcare's current ROC (Joel Greenblatt) % of 0.52% is 91% below median its 10-year median of 5.92. The Healthcare Providers & Services industry median ROC (Joel Greenblatt) % is 12.46. Oceania Healthcare's value of 0.52% is 95.8% below this industry median. Based on the distribution chart, Oceania Healthcare ranks #442 out of 669 companies in the Healthcare Providers & Services industry, which is below the industry midpoint. Overall, Oceania Healthcare has a GF Score™ of 45/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Oceania Healthcare's ROC (Joel Greenblatt) % compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Oceania Healthcare ranks #442 out of 669 companies for ROC (Joel Greenblatt) %. This places Oceania Healthcare in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 12.46. Oceania Healthcare's value of 0.52% is 95.8% below this benchmark. While the company's 10-year median is 5.92 vs. the industry median of 12.46, Oceania Healthcare 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 Healthcare Providers & Services company?
The median ROC (Joel Greenblatt) % among Healthcare Providers & Services companies is 12.46, based on 669 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. Oceania Healthcare's current ROC (Joel Greenblatt) % of 0.52% is 95.8% 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 Oceania Healthcare and its competitors. For the Healthcare Providers & Services industry, the median ROC (Joel Greenblatt) % is 12.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oceania Healthcare's current ROC (Joel Greenblatt) % is 0.52%, which is 91% below median its own 10-year median of 5.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oceania Healthcare stock overvalued right now?
Based on GuruFocus' analysis, Oceania Healthcare (ASX:OCA) is currently considered Modestly Undervalued. The stock's GF Value™ is A$0.78, compared to a current price of A$0.62 — trading 21.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is 0.52%, which is 91% below median its 10-year median of 5.92 and 95.8% below the Healthcare Providers & Services industry median of 12.46. Oceania Healthcare's overall GF Score™ is 45/100 with 4 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 Oceania Healthcare (ASX:OCA), the current ROC (Joel Greenblatt) % is 0.52% as of Mar. 2026. 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 Oceania Healthcare (ASX:OCA) Overvalued in 2026?
Based on GuruFocus' analysis, Oceania Healthcare stock appears to be undervalued.
The current stock price of A$0.62 is trading 21.2% below its estimated GF Value™ of A$0.78.
GuruFocus considers Oceania Healthcare to be Modestly Undervalued.
Key valuation signals for ASX:OCA:
ROC (Joel Greenblatt) %: 0.52% (91% below median its 10-year median of 5.92)
GF Value™: A$0.78 vs. price of A$0.62 (21.2% below fair value)
Industry Position: 95.8% below the Healthcare Providers & Services median (#442 of 669)
No single metric tells the full story. See the ASX:OCA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Oceania Healthcare Ltd owns and operates rest homes and retirement villages. The business activities of the group are operated through care operations, village operations, and other segments. The company generates maximum revenue from the care operations segment, which includes traditional care beds and care suites as well as the provision of accommodation, care, care packages, meals, and related services to aged care residents. Geographically, it operates throughout New Zealand. The company derives revenue from Rest homes, hospitals, dementia fees, and others.
45GF Score
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