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. Atara Biotherapeutics's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -188.47%.
The historical rank and industry rank for Atara Biotherapeutics's ROC (Joel Greenblatt) % or its related term are showing as below:
ATRA'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -4604.25 Med: -426.59 Max: 151.38
Current: -42.79
During the past 13 years, Atara Biotherapeutics's highest ROC (Joel Greenblatt) % was 151.38%. The lowest was -4604.25%. And the median was -426.59%.
ATRA's ROC (Joel Greenblatt) % is ranked better than 68.39% of 1319
companies
in the Biotechnology industry
Industry Median: -296.6
vs ATRA: -42.79
Atara Biotherapeutics'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.
Atara Biotherapeutics ROC (Joel Greenblatt) % Related Terms
Atara Biotherapeutics ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Atara Biotherapeutics'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.
ATRA vs ANIX, BMEA, PMN: ROC (Joel Greenblatt) % Comparison
For the Biotechnology subindustry, Atara Biotherapeutics'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.
Atara Biotherapeutics ROC (Joel Greenblatt) % vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Atara Biotherapeutics's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Atara Biotherapeutics'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 four times the quarterly (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 -188.47% mean?
Atara Biotherapeutics (ATRA) has a ROC (Joel Greenblatt) % of -188.47% 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 Atara Biotherapeutics and its competitors. According to the industry distribution chart, Atara Biotherapeutics ranks #417 out of 1319 companies in the Biotechnology industry, placing it in the top 31.6%.
Is Atara Biotherapeutics' ROC (Joel Greenblatt) % too high?
Atara Biotherapeutics' current ROC (Joel Greenblatt) % is -188.47%. Based on the distribution chart, Atara Biotherapeutics ranks #417 out of 1319 companies in the Biotechnology industry, which is above the industry midpoint. Overall, Atara Biotherapeutics has a GF Score™ of 31/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Atara Biotherapeutics' ROC (Joel Greenblatt) % compare to ANIX and BMEA?
According to the Biotechnology industry distribution chart, Atara Biotherapeutics ranks #417 out of 1319 companies for ROC (Joel Greenblatt) %. This puts Atara Biotherapeutics in the upper half of its industry. 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 Biotechnology company?
A good ROC (Joel Greenblatt) % depends on the Biotechnology 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 Atara Biotherapeutics and its competitors. Atara Biotherapeutics's current ROC (Joel Greenblatt) % is -188.47%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Atara Biotherapeutics stock overvalued right now?
Based on GuruFocus' analysis, Atara Biotherapeutics (ATRA) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.55, compared to a current price of $10.88 — trading 601.9% above its estimated fair value. The current ROC (Joel Greenblatt) % is -188.47%. Atara Biotherapeutics' overall GF Score™ is 31/100 with 7 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 Atara Biotherapeutics (ATRA), the current ROC (Joel Greenblatt) % is -188.47% 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 Atara Biotherapeutics (ATRA) Overvalued in 2026?
Based on GuruFocus' analysis, Atara Biotherapeutics stock appears to be overvalued.
The current stock price of $10.88 is trading 601.9% above its estimated GF Value™ of $1.55.
GuruFocus considers Atara Biotherapeutics to be Significantly Overvalued.
Key valuation signals for ATRA:
ROC (Joel Greenblatt) %: -188.47%
GF Value™: $1.55 vs. price of $10.88 (601.9% above fair value)
No single metric tells the full story. See the ATRA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Atara Biotherapeutics Inc operates in the United States healthcare sector. It focuses on developing transformative therapies for patients with serious diseases, including solid tumors, hematologic cancers, and autoimmune diseases. It operates and manages business as one operating and reportable segment which is the business of developing therapeutics. The company's product candidates comprise Tab-cel, ATA3431, and ATA3219.
31GF Score
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