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Cementos ArgosBOG:CEMARGOS -2.37%46 ROC (Joel Greenblatt) % is 12.49% as of Mar. 2026, which is 80% above its 10-year median of 6.92. GuruFocus rates BOG:CEMARGOS with a GF Score™ of 46/100 and a GF Value™ of COP7,654.07 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 408 Building Materials companies, Cementos Argos ranks better than 68.87% 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. Cementos Argos's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 12.49%.
The historical rank and industry rank for Cementos Argos's ROC (Joel Greenblatt) % or its related term are showing as below:
BOG:CEMARGOS'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.15 Med: 6.92 Max: 15.58
Current: 15.58
During the past 13 years, Cementos Argos's highest ROC (Joel Greenblatt) % was 15.58%. The lowest was 4.15%. And the median was 6.92%.
BOG:CEMARGOS's ROC (Joel Greenblatt) % is ranked better than 68.87% of 408
companies
in the Building Materials industry
Industry Median: 8.6
vs BOG:CEMARGOS: 15.58
Cementos Argos's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 5.30% 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.
Cementos Argos ROC (Joel Greenblatt) % Related Terms
Cementos Argos ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Cementos Argos'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.
BOG:CEMARGOS vs CRH, VMC, MLM: ROC (Joel Greenblatt) % Comparison
For the Building Materials subindustry, Cementos Argos'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.
Cementos Argos ROC (Joel Greenblatt) % vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Cementos Argos's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Cementos Argos'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 12.49% mean?
Cementos Argos (BOG:CEMARGOS) has a ROC (Joel Greenblatt) % of 12.49% 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 Cementos Argos and its competitors. This is 80% above median its historical median of 6.92. Over the past decade, Cementos Argos' ROC (Joel Greenblatt) % has ranged from 4.15 to 15.58. According to the industry distribution chart, Cementos Argos ranks #127 out of 408 companies in the Building Materials industry, placing it in the top 31.1%.
Is Cementos Argos' ROC (Joel Greenblatt) % too high?
Cementos Argos' current ROC (Joel Greenblatt) % of 12.49% is 80% above median its 10-year median of 6.92. Over the past 10 years, this metric has ranged from a low of 4.15 to a high of 15.58. The Building Materials industry median ROC (Joel Greenblatt) % is 8.60. Cementos Argos' value of 12.49% is 45.2% above this industry median. Based on the distribution chart, Cementos Argos ranks #127 out of 408 companies in the Building Materials industry, which is above the industry midpoint. Overall, Cementos Argos has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cementos Argos' ROC (Joel Greenblatt) % compare to CRH and VMC?
According to the Building Materials industry distribution chart, Cementos Argos ranks #127 out of 408 companies for ROC (Joel Greenblatt) %. This puts Cementos Argos in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 8.60. Cementos Argos' value of 12.49% is 45.2% above this benchmark. Historically, Cementos Argos' own ROC (Joel Greenblatt) % has ranged from 4.15 to 15.58 over the past decade. While the company's 10-year median is 6.92 vs. the industry median of 8.60, Cementos Argos 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 Building Materials company?
The median ROC (Joel Greenblatt) % among Building Materials companies is 8.60, based on 408 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. Cementos Argos's current ROC (Joel Greenblatt) % of 12.49% is 45.2% 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 Cementos Argos and its competitors. For the Building Materials industry, the median ROC (Joel Greenblatt) % is 8.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cementos Argos's current ROC (Joel Greenblatt) % is 12.49%, which is 80% above median its own 10-year median of 6.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cementos Argos stock overvalued right now?
Based on GuruFocus' analysis, Cementos Argos (BOG:CEMARGOS) is currently considered Significantly Overvalued. The stock's GF Value™ is COP7,654.07, compared to a current price of COP11,520.00 — trading 50.5% above its estimated fair value. The current ROC (Joel Greenblatt) % is 12.49%, which is 80% above median its 10-year median of 6.92 and 45.2% above the Building Materials industry median of 8.60. Cementos Argos' overall GF Score™ is 46/100 with 6 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 Cementos Argos (BOG:CEMARGOS), the current ROC (Joel Greenblatt) % is 12.49% 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 Cementos Argos (BOG:CEMARGOS) Overvalued in 2026?
Based on GuruFocus' analysis, Cementos Argos stock appears to be overvalued.
The current stock price of COP11,520.00 is trading 50.5% above its estimated GF Value™ of COP7,654.07.
GuruFocus considers Cementos Argos to be Significantly Overvalued.
Key valuation signals for BOG:CEMARGOS:
ROC (Joel Greenblatt) %: 12.49% (80% above median its 10-year median of 6.92)
GF Value™: COP7,654.07 vs. price of COP11,520.00 (50.5% above fair value)
Industry Position: 45.2% above the Building Materials median (#127 of 408)
No single metric tells the full story. See the BOG:CEMARGOS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cementos Argos SA is a cement-producing company. In terms of the concrete and cement business, it is Colombia's key producer and one of the key producers in the sector across Central America and the Caribbean. The company's corporate purpose is the exploitation of the cement industry, the production of concrete mixes and any other materials or items made of cement, lime or clay, the acquisition and exploitation of minerals or deposits of exploitable minerals in the cement industry, and similar rights to explore and mine the aforementioned minerals, whether by concession, privilege, lease or other title. Its operating segments are: Colombia, which generates maximum revenue, the Caribbean, Central America, Trading, and Corporate and others.
46GF Score
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