Bell EquipmentBLLQF 70 ROC (Joel Greenblatt) % is 10.12% as of Dec. 2025, which is 16% below its 10-year median of 12.01. GuruFocus rates BLLQF with a GF Score™ of 70/100 and a GF Value™ of $0.99 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 208 Farm & Heavy Construction Machinery companies, Bell Equipment ranks worse than 57.21% 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. Bell Equipment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 10.12%.
The historical rank and industry rank for Bell Equipment's ROC (Joel Greenblatt) % or its related term are showing as below:
BLLQF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.88 Med: 12.01 Max: 20.98
Current: 10.85
During the past 13 years, Bell Equipment's highest ROC (Joel Greenblatt) % was 20.98%. The lowest was 1.88%. And the median was 12.01%.
BLLQF's ROC (Joel Greenblatt) % is ranked worse than 57.21% of 208
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 13.465
vs BLLQF: 10.85
Bell Equipment's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 31.30% per year.
Bell Equipment (OTCPK:BLLQF) 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.
Bell Equipment ROC (Joel Greenblatt) % Related Terms
Bell Equipment ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Bell Equipment'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.
BLLQF vs CAT, DE, PCAR: ROC (Joel Greenblatt) % Comparison
For the Farm & Heavy Construction Machinery subindustry, Bell Equipment'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.
Bell Equipment ROC (Joel Greenblatt) % vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Bell Equipment's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Bell Equipment's ROC (Joel Greenblatt) % falls into.
Bell Equipment 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 10.12% mean?
Bell Equipment (BLLQF) has a ROC (Joel Greenblatt) % of 10.12% 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 Bell Equipment and its competitors. This is 16% below median its historical median of 12.01. Over the past decade, Bell Equipment's ROC (Joel Greenblatt) % has ranged from 1.88 to 20.98. According to the industry distribution chart, Bell Equipment ranks #119 out of 208 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 57.2%.
Is Bell Equipment's ROC (Joel Greenblatt) % too high?
Bell Equipment's current ROC (Joel Greenblatt) % of 10.12% is 16% below median its 10-year median of 12.01. Over the past 10 years, this metric has ranged from a low of 1.88 to a high of 20.98. The Farm & Heavy Construction Machinery industry median ROC (Joel Greenblatt) % is 13.47. Bell Equipment's value of 10.12% is 24.8% below this industry median. Based on the distribution chart, Bell Equipment ranks #119 out of 208 companies in the Farm & Heavy Construction Machinery industry, which is below the industry midpoint. Overall, Bell Equipment has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bell Equipment's ROC (Joel Greenblatt) % compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Bell Equipment ranks #119 out of 208 companies for ROC (Joel Greenblatt) %. This places Bell Equipment in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 13.47. Bell Equipment's value of 10.12% is 24.8% below this benchmark. Historically, Bell Equipment's own ROC (Joel Greenblatt) % has ranged from 1.88 to 20.98 over the past decade. While the company's 10-year median is 12.01 vs. the industry median of 13.47, Bell Equipment 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 Farm & Heavy Construction Machinery company?
The median ROC (Joel Greenblatt) % among Farm & Heavy Construction Machinery companies is 13.47, based on 208 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. Bell Equipment's current ROC (Joel Greenblatt) % of 10.12% is 24.8% 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 Bell Equipment and its competitors. For the Farm & Heavy Construction Machinery industry, the median ROC (Joel Greenblatt) % is 13.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bell Equipment's current ROC (Joel Greenblatt) % is 10.12%, which is 16% below median its own 10-year median of 12.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bell Equipment stock overvalued right now?
Based on GuruFocus' analysis, Bell Equipment (BLLQF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.99, compared to a current price of $2.30 — trading 132.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is 10.12%, which is 16% below median its 10-year median of 12.01 and 24.8% below the Farm & Heavy Construction Machinery industry median of 13.47. Bell Equipment's overall GF Score™ is 70/100 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 Bell Equipment (BLLQF), the current ROC (Joel Greenblatt) % is 10.12% 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 Bell Equipment (BLLQF) Overvalued in 2026?
Based on GuruFocus' analysis, Bell Equipment stock appears to be overvalued.
The current stock price of $2.30 is trading 132.3% above its estimated GF Value™ of $0.99.
GuruFocus considers Bell Equipment to be Significantly Overvalued.
Key valuation signals for BLLQF:
ROC (Joel Greenblatt) %: 10.12% (16% below median its 10-year median of 12.01)
GF Value™: $0.99 vs. price of $2.30 (132.3% above fair value)
Industry Position: 24.8% below the Farm & Heavy Construction Machinery median (#119 of 208)
No single metric tells the full story. See the BLLQF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bell Equipment Ltd designs and manufactures a wide Collection of products. This includes a complete range of Bell forestry and agriculture products. It seeks to develop and support local suppliers and invests in outreach initiatives with a focus on education, training, and development both internally and externally. It conducts two main business operations Manufacturing, assembly, logistics and dealer sales operations which is OEM operations comprising manufacturing, assembly and sales of equipment and aftermarket products to independent dealers for their distribution to market; and Direct Sales operations which is owned distribution operations for direct sales of own manufactured products, other third party products and the supply of aftermarket support and products to market.
70GF Score
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