BKW AGBKWAF +2.50%85 ROC (Joel Greenblatt) % is 13.35% as of Dec. 2025, which is 17% below its 10-year median of 16.03. GuruFocus rates BKWAF with a GF Score™ of 85/100 and a GF Value™ of $183.06 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 435 Utilities - Independent Power Producers companies, BKW AG ranks better than 71.26% 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. BKW AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 13.35%.
The historical rank and industry rank for BKW AG's ROC (Joel Greenblatt) % or its related term are showing as below:
BKWAF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 12.93 Med: 16.03 Max: 28.02
Current: 13.35
During the past 13 years, BKW AG's highest ROC (Joel Greenblatt) % was 28.02%. The lowest was 12.93%. And the median was 16.03%.
BKWAF's ROC (Joel Greenblatt) % is ranked better than 71.26% of 435
companies
in the Utilities - Independent Power Producers industry
Industry Median: 6.54
vs BKWAF: 13.35
BKW AG's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.40% per year.
BKW AG (OTCPK:BKWAF) 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.
The historical data trend for BKW AG'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.
BKW AG ROC (Joel Greenblatt) % Competitor Comparison
For the Utilities - Renewable subindustry, BKW AG'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.
BKW AG ROC (Joel Greenblatt) % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, BKW AG's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where BKW AG'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 13.35% mean?
BKW AG (BKWAF) has a ROC (Joel Greenblatt) % of 13.35% 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 BKW AG and its competitors. This is 17% below median its historical median of 16.03. Over the past decade, BKW AG's ROC (Joel Greenblatt) % has ranged from 12.93 to 28.02. According to the industry distribution chart, BKW AG ranks #125 out of 435 companies in the Utilities - Independent Power Producers industry, placing it in the top 28.7%.
Is BKW AG's ROC (Joel Greenblatt) % too high?
BKW AG's current ROC (Joel Greenblatt) % of 13.35% is 17% below median its 10-year median of 16.03. Over the past 10 years, this metric has ranged from a low of 12.93 to a high of 28.02. The Utilities - Independent Power Producers industry median ROC (Joel Greenblatt) % is 6.54. BKW AG's value of 13.35% is 104.1% above this industry median. Based on the distribution chart, BKW AG ranks #125 out of 435 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, BKW AG has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BKW AG's ROC (Joel Greenblatt) % compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, BKW AG ranks #125 out of 435 companies for ROC (Joel Greenblatt) %. This puts BKW AG in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 6.54. BKW AG's value of 13.35% is 104.1% above this benchmark. Historically, BKW AG's own ROC (Joel Greenblatt) % has ranged from 12.93 to 28.02 over the past decade. While the company's 10-year median is 16.03 vs. the industry median of 6.54, BKW AG 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 an Utilities - Independent Power Producers company?
The median ROC (Joel Greenblatt) % among Utilities - Independent Power Producers companies is 6.54, based on 435 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. BKW AG's current ROC (Joel Greenblatt) % of 13.35% is 104.1% 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 BKW AG and its competitors. For the Utilities - Independent Power Producers industry, the median ROC (Joel Greenblatt) % is 6.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BKW AG's current ROC (Joel Greenblatt) % is 13.35%, which is 17% below median its own 10-year median of 16.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BKW AG stock overvalued right now?
Based on GuruFocus' analysis, BKW AG (BKWAF) is currently considered Modestly Overvalued. The stock's GF Value™ is $183.06, compared to a current price of $203.65 — trading 11.2% above its estimated fair value. The current ROC (Joel Greenblatt) % is 13.35%, which is 17% below median its 10-year median of 16.03 and 104.1% above the Utilities - Independent Power Producers industry median of 6.54. BKW AG's overall GF Score™ is 85/100 with 3 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 BKW AG (BKWAF), the current ROC (Joel Greenblatt) % is 13.35% 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 BKW AG (BKWAF) Overvalued in 2026?
Based on GuruFocus' analysis, BKW AG stock appears to be overvalued.
The current stock price of $203.65 is trading 11.2% above its estimated GF Value™ of $183.06.
GuruFocus considers BKW AG to be Modestly Overvalued.
Key valuation signals for BKWAF:
ROC (Joel Greenblatt) %: 13.35% (17% below median its 10-year median of 16.03)
GF Value™: $183.06 vs. price of $203.65 (11.2% above fair value)
Industry Position: 104.1% above the Utilities - Independent Power Producers median (#125 of 435)
No single metric tells the full story. See the BKWAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BKW AG is an international energy and infrastructure company, offering integrated solutions in the fields of energy, buildings, and infrastructure. It operates in three reportable business segments: Energy Solutions, Power Grid, and Infrastructure and Buildings. Maximum revenue is generated from the Energy Solutions segment, which builds, operates, and maintains BKW's portfolio of power plants in Switzerland and abroad. It also includes the sale of energy in Switzerland, trading in electricity, certificates, and raw materials, as well as wind, solar, and smart energy services. Geographically, the group generates maximum revenue from its business in Switzerland, followed by Germany, Italy, France, and other countries.
85GF Score
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