SHAPE AustraliaASX:SHA +0.16%44 ROC (Joel Greenblatt) % is 148.56% as of Dec. 2025, which is 106% above its 10-year median of 72.10. GuruFocus rates ASX:SHA with a GF Score™ of 44/100 and a GF Value™ of A$3.59 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,778 Construction companies, SHAPE Australia ranks better than 88.36% 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. SHAPE Australia's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 148.56%.
The historical rank and industry rank for SHAPE Australia's ROC (Joel Greenblatt) % or its related term are showing as below:
ASX:SHA'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 57.21 Med: 72.1 Max: 104.5
Current: 104.5
During the past 5 years, SHAPE Australia's highest ROC (Joel Greenblatt) % was 104.50%. The lowest was 57.21%. And the median was 72.10%.
ASX:SHA's ROC (Joel Greenblatt) % is ranked better than 88.36% of 1778
companies
in the Construction industry
Industry Median: 19.5
vs ASX:SHA: 104.50
SHAPE Australia's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
SHAPE Australia (ASX:SHA) 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.
SHAPE Australia ROC (Joel Greenblatt) % Related Terms
SHAPE Australia ROC (Joel Greenblatt) % Historical Data
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The historical data trend for SHAPE Australia'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:SHA vs PWR, FIX, EME: ROC (Joel Greenblatt) % Comparison
For the Engineering & Construction subindustry, SHAPE Australia'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.
SHAPE Australia ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, SHAPE Australia's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where SHAPE Australia's ROC (Joel Greenblatt) % falls into.
SHAPE Australia 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 148.56% mean?
SHAPE Australia (ASX:SHA) has a ROC (Joel Greenblatt) % of 148.56% 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 SHAPE Australia and its competitors. This is 106% above median its historical median of 72.10. Over the past decade, SHAPE Australia's ROC (Joel Greenblatt) % has ranged from 57.21 to 104.50. According to the industry distribution chart, SHAPE Australia ranks #207 out of 1778 companies in the Construction industry, placing it in the top 11.6%.
Is SHAPE Australia's ROC (Joel Greenblatt) % too high?
SHAPE Australia's current ROC (Joel Greenblatt) % of 148.56% is 106% above median its 10-year median of 72.10. Over the past 10 years, this metric has ranged from a low of 57.21 to a high of 104.50. The Construction industry median ROC (Joel Greenblatt) % is 19.50. SHAPE Australia's value of 148.56% is 661.8% above this industry median. Based on the distribution chart, SHAPE Australia ranks #207 out of 1778 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, SHAPE Australia has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SHAPE Australia's ROC (Joel Greenblatt) % compare to PWR and FIX?
According to the Construction industry distribution chart, SHAPE Australia ranks #207 out of 1778 companies for ROC (Joel Greenblatt) %. This places SHAPE Australia in the top 12% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 19.50. SHAPE Australia's value of 148.56% is 661.8% above this benchmark. Historically, SHAPE Australia's own ROC (Joel Greenblatt) % has ranged from 57.21 to 104.50 over the past decade. While the company's 10-year median is 72.10 vs. the industry median of 19.50, SHAPE Australia has consistently been above 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 19.50, based on 1,778 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. SHAPE Australia's current ROC (Joel Greenblatt) % of 148.56% is 661.8% above 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 SHAPE Australia and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SHAPE Australia's current ROC (Joel Greenblatt) % is 148.56%, which is 106% above median its own 10-year median of 72.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SHAPE Australia stock overvalued right now?
Based on GuruFocus' analysis, SHAPE Australia (ASX:SHA) is currently considered Significantly Overvalued. The stock's GF Value™ is A$3.59, compared to a current price of A$6.35 — trading 76.9% above its estimated fair value. The current ROC (Joel Greenblatt) % is 148.56%, which is 106% above median its 10-year median of 72.10 and 661.8% above the Construction industry median of 19.50. SHAPE Australia's overall GF Score™ is 44/100 with 1 warning sign 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 SHAPE Australia (ASX:SHA), the current ROC (Joel Greenblatt) % is 148.56% 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 SHAPE Australia (ASX:SHA) Overvalued in 2026?
Based on GuruFocus' analysis, SHAPE Australia stock appears to be overvalued.
The current stock price of A$6.35 is trading 76.9% above its estimated GF Value™ of A$3.59.
GuruFocus considers SHAPE Australia to be Significantly Overvalued.
Key valuation signals for ASX:SHA:
ROC (Joel Greenblatt) %: 148.56% (106% above median its 10-year median of 72.10)
GF Value™: A$3.59 vs. price of A$6.35 (76.9% above fair value)
Industry Position: 661.8% above the Construction median (#207 of 1778)
No single metric tells the full story. See the ASX:SHA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SHAPE Australia Corp Ltd is a specialist building contractor and construction manager, focused on commercial fit-out and refurbishments, with select capabilities in the new build.
44GF Score
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