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ENGIE Brasil EnergiaBSP:EGIE3 -0.60%69 ROC (Joel Greenblatt) % is 25.86% as of Mar. 2026, which is 10% below its 10-year median of 28.60. GuruFocus rates BSP:EGIE3 with a GF Score™ of 69/100 and a GF Value™ of R$33.41 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 441 Utilities - Independent Power Producers companies, ENGIE Brasil Energia ranks better than 82.09% 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. ENGIE Brasil Energia's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 25.86%.
The historical rank and industry rank for ENGIE Brasil Energia's ROC (Joel Greenblatt) % or its related term are showing as below:
BSP:EGIE3'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 22.33 Med: 28.6 Max: 38.7
Current: 22.47
During the past 13 years, ENGIE Brasil Energia's highest ROC (Joel Greenblatt) % was 38.70%. The lowest was 22.33%. And the median was 28.60%.
BSP:EGIE3's ROC (Joel Greenblatt) % is ranked better than 82.09% of 441
companies
in the Utilities - Independent Power Producers industry
Industry Median: 6.34
vs BSP:EGIE3: 22.47
ENGIE Brasil Energia's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -4.30% per year.
ENGIE Brasil Energia (BSP:EGIE3) 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.
ENGIE Brasil Energia ROC (Joel Greenblatt) % Related Terms
ENGIE Brasil Energia ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for ENGIE Brasil Energia'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.
ENGIE Brasil Energia ROC (Joel Greenblatt) % Chart
ENGIE Brasil Energia ROC (Joel Greenblatt) % Competitor Comparison
For the Utilities - Renewable subindustry, ENGIE Brasil Energia'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.
ENGIE Brasil Energia ROC (Joel Greenblatt) % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, ENGIE Brasil Energia's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where ENGIE Brasil Energia's ROC (Joel Greenblatt) % falls into.
ENGIE Brasil Energia 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 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 25.86% mean?
ENGIE Brasil Energia (BSP:EGIE3) has a ROC (Joel Greenblatt) % of 25.86% 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 ENGIE Brasil Energia and its competitors. This is 10% below median its historical median of 28.60. Over the past decade, ENGIE Brasil Energia's ROC (Joel Greenblatt) % has ranged from 22.33 to 38.70. According to the industry distribution chart, ENGIE Brasil Energia ranks #79 out of 441 companies in the Utilities - Independent Power Producers industry, placing it in the top 17.9%.
Is ENGIE Brasil Energia's ROC (Joel Greenblatt) % too high?
ENGIE Brasil Energia's current ROC (Joel Greenblatt) % of 25.86% is 10% below median its 10-year median of 28.60. Over the past 10 years, this metric has ranged from a low of 22.33 to a high of 38.70. The Utilities - Independent Power Producers industry median ROC (Joel Greenblatt) % is 6.34. ENGIE Brasil Energia's value of 25.86% is 307.9% above this industry median. Based on the distribution chart, ENGIE Brasil Energia ranks #79 out of 441 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, ENGIE Brasil Energia has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ENGIE Brasil Energia's ROC (Joel Greenblatt) % compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, ENGIE Brasil Energia ranks #79 out of 441 companies for ROC (Joel Greenblatt) %. This places ENGIE Brasil Energia in the top 18% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 6.34. ENGIE Brasil Energia's value of 25.86% is 307.9% above this benchmark. Historically, ENGIE Brasil Energia's own ROC (Joel Greenblatt) % has ranged from 22.33 to 38.70 over the past decade. While the company's 10-year median is 28.60 vs. the industry median of 6.34, ENGIE Brasil Energia 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 6.34, based on 441 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. ENGIE Brasil Energia's current ROC (Joel Greenblatt) % of 25.86% is 307.9% 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 ENGIE Brasil Energia and its competitors. For the Utilities - Independent Power Producers industry, the median ROC (Joel Greenblatt) % is 6.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ENGIE Brasil Energia's current ROC (Joel Greenblatt) % is 25.86%, which is 10% below median its own 10-year median of 28.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ENGIE Brasil Energia stock overvalued right now?
Based on GuruFocus' analysis, ENGIE Brasil Energia (BSP:EGIE3) is currently considered Modestly Undervalued. The stock's GF Value™ is R$33.41, compared to a current price of R$29.73 — trading 11% below its estimated fair value. The current ROC (Joel Greenblatt) % is 25.86%, which is 10% below median its 10-year median of 28.60 and 307.9% above the Utilities - Independent Power Producers industry median of 6.34. ENGIE Brasil Energia's overall GF Score™ is 69/100 with 2 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 ENGIE Brasil Energia (BSP:EGIE3), the current ROC (Joel Greenblatt) % is 25.86% 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 ENGIE Brasil Energia (BSP:EGIE3) Overvalued in 2026?
Based on GuruFocus' analysis, ENGIE Brasil Energia stock appears to be undervalued.
The current stock price of R$29.73 is trading 11% below its estimated GF Value™ of R$33.41.
GuruFocus considers ENGIE Brasil Energia to be Modestly Undervalued.
Key valuation signals for BSP:EGIE3:
ROC (Joel Greenblatt) %: 25.86% (10% below median its 10-year median of 28.60)
GF Value™: R$33.41 vs. price of R$29.73 (11% below fair value)
Industry Position: 307.9% above the Utilities - Independent Power Producers median (#79 of 441)
No single metric tells the full story. See the BSP:EGIE3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ENGIE Brasil Energia SA develops, operates, and commercializes electric energy power plants in Brazil. The company operates in four segments: Generation and sale: this is the Company's main business, and it includes the generation and sale of the electricity in the portfolio; Transmission: the Company is responsible for the construction and installation of the infrastructure related to the transmission concession of the Gralha Azul, Novo Estado, Gaviao Real, Asa Branca and Grauna Transmission Systems, being exposed to the risks and benefits of this construction; Trading: this segment aims to obtain results through the variation in energy prices, within previously established risk limits; Gas transportation: operates in the gas markets through its joint-venture TAG.
69GF Score
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