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PanAtlanticaBSP:PATI4 64 ROC (Joel Greenblatt) % is 22.44% as of Mar. 2026, which is 4% above its 10-year median of 21.63. GuruFocus rates BSP:PATI4 with a GF Score™ of 64/100 and a GF Value™ of R$28.96 (Fairly Valued). The stock has 6 warning signs investors should review. Among 632 Steel companies, PanAtlantica ranks better than 82.28% 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. PanAtlantica's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 22.44%.
The historical rank and industry rank for PanAtlantica's ROC (Joel Greenblatt) % or its related term are showing as below:
BSP:PATI4'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 12.27 Med: 21.63 Max: 61.25
Current: 19.59
During the past 13 years, PanAtlantica's highest ROC (Joel Greenblatt) % was 61.25%. The lowest was 12.27%. And the median was 21.63%.
BSP:PATI4's ROC (Joel Greenblatt) % is ranked better than 82.28% of 632
companies
in the Steel industry
Industry Median: 7.095
vs BSP:PATI4: 19.59
PanAtlantica's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -20.90% 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.
PanAtlantica ROC (Joel Greenblatt) % Related Terms
PanAtlantica ROC (Joel Greenblatt) % Historical Data
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The historical data trend for PanAtlantica'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.
BSP:PATI4 vs NUE, STLD, RS: ROC (Joel Greenblatt) % Comparison
For the Steel subindustry, PanAtlantica'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.
PanAtlantica ROC (Joel Greenblatt) % vs Steel Industry
For the Steel industry and Basic Materials sector, PanAtlantica's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where PanAtlantica'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 22.44% mean?
PanAtlantica (BSP:PATI4) has a ROC (Joel Greenblatt) % of 22.44% 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 PanAtlantica and its competitors. This is near median its historical median of 21.63. Over the past decade, PanAtlantica's ROC (Joel Greenblatt) % has ranged from 12.27 to 61.25. According to the industry distribution chart, PanAtlantica ranks #112 out of 632 companies in the Steel industry, placing it in the top 17.7%.
Is PanAtlantica's ROC (Joel Greenblatt) % too high?
PanAtlantica's current ROC (Joel Greenblatt) % of 22.44% is near median its 10-year median of 21.63. Over the past 10 years, this metric has ranged from a low of 12.27 to a high of 61.25. The Steel industry median ROC (Joel Greenblatt) % is 7.10. PanAtlantica's value of 22.44% is 216.3% above this industry median. Based on the distribution chart, PanAtlantica ranks #112 out of 632 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, PanAtlantica has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PanAtlantica's ROC (Joel Greenblatt) % compare to NUE and STLD?
According to the Steel industry distribution chart, PanAtlantica ranks #112 out of 632 companies for ROC (Joel Greenblatt) %. This places PanAtlantica in the top 18% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 7.10. PanAtlantica's value of 22.44% is 216.3% above this benchmark. Historically, PanAtlantica's own ROC (Joel Greenblatt) % has ranged from 12.27 to 61.25 over the past decade. While the company's 10-year median is 21.63 vs. the industry median of 7.10, PanAtlantica 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 Steel company?
The median ROC (Joel Greenblatt) % among Steel companies is 7.10, based on 632 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. PanAtlantica's current ROC (Joel Greenblatt) % of 22.44% is 216.3% 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 PanAtlantica and its competitors. For the Steel industry, the median ROC (Joel Greenblatt) % is 7.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PanAtlantica's current ROC (Joel Greenblatt) % is 22.44%, which is near median its own 10-year median of 21.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PanAtlantica stock overvalued right now?
Based on GuruFocus' analysis, PanAtlantica (BSP:PATI4) is currently considered Fairly Valued. The stock's GF Value™ is R$28.96, compared to a current price of R$29.50 — trading 1.9% above its estimated fair value. The current ROC (Joel Greenblatt) % is 22.44%, which is near median its 10-year median of 21.63 and 216.3% above the Steel industry median of 7.10. PanAtlantica's overall GF Score™ is 64/100 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 PanAtlantica (BSP:PATI4), the current ROC (Joel Greenblatt) % is 22.44% 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 PanAtlantica (BSP:PATI4) Overvalued in 2026?
Based on GuruFocus' analysis, PanAtlantica stock appears to be overvalued.
The current stock price of R$29.50 is trading 1.9% above its estimated GF Value™ of R$28.96.
GuruFocus considers PanAtlantica to be Fairly Valued.
Key valuation signals for BSP:PATI4:
ROC (Joel Greenblatt) %: 22.44% (near median its 10-year median of 21.63)
GF Value™: R$28.96 vs. price of R$29.50 (1.9% above fair value)
Industry Position: 216.3% above the Steel median (#112 of 632)
No single metric tells the full story. See the BSP:PATI4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PanAtlantica SA produces, trades, imports and exports, and processes steel and other metals. The company's products include cold-rolled strips, strapping bands, sheets and coils, blanks, slit strips and profiles. Additionally, the Company provides steel cutting services through two different processes: slitting, which cuts the steel with rotating shears to form coils, and cut-to-length, which cuts it in flat sheets.
64GF Score
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