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. TPI Triunfo Participacoes e Investimentos's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 1.48%.
BSP:TPIS3'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -261.49 Med: -12.78 Max: 126.85
Current: -225.36
During the past 13 years, TPI Triunfo Participacoes e Investimentos's highest ROC (Joel Greenblatt) % was 126.85%. The lowest was -261.49%. And the median was -12.78%.
BSP:TPIS3's ROC (Joel Greenblatt) % is ranked worse than 95.89% of 1775
companies
in the Construction industry
Industry Median: 19.38
vs BSP:TPIS3: -225.36
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.
* 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.
TPI Triunfo Participacoes e Investimentos ROC (Joel Greenblatt) % Chart
TPI Triunfo Participacoes e Investimentos Annual Data
For the Infrastructure Operations subindustry, TPI Triunfo Participacoes e Investimentos'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.
TPI Triunfo Participacoes e Investimentos ROC (Joel Greenblatt) % vs Construction Industry
TPI Triunfo Participacoes e Investimentos 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 1.48% mean?
TPI Triunfo Participacoes e Investimentos (BSP:TPIS3) has a ROC (Joel Greenblatt) % of 1.48% 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 TPI Triunfo Participacoes e Investimentos and its competitors. According to the industry distribution chart, TPI Triunfo Participacoes e Investimentos ranks #1702 out of 1775 companies in the Construction industry, placing it in the top 95.9%.
Is TPI Triunfo Participacoes e Investimentos' ROC (Joel Greenblatt) % too high?
TPI Triunfo Participacoes e Investimentos' current ROC (Joel Greenblatt) % is 1.48%. The Construction industry median ROC (Joel Greenblatt) % is 19.38. TPI Triunfo Participacoes e Investimentos' value of 1.48% is 92.4% below this industry median. Based on the distribution chart, TPI Triunfo Participacoes e Investimentos ranks #1702 out of 1775 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, TPI Triunfo Participacoes e Investimentos has a GF Score™ of 40/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TPI Triunfo Participacoes e Investimentos' ROC (Joel Greenblatt) % compare to competitors?
According to the Construction industry distribution chart, TPI Triunfo Participacoes e Investimentos ranks #1702 out of 1775 companies for ROC (Joel Greenblatt) %. This places TPI Triunfo Participacoes e Investimentos in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 19.38. TPI Triunfo Participacoes e Investimentos' value of 1.48% is 92.4% below this benchmark. 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 Construction company?
The median ROC (Joel Greenblatt) % among Construction companies is 19.38, based on 1,775 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. TPI Triunfo Participacoes e Investimentos's current ROC (Joel Greenblatt) % of 1.48% is 92.4% 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 TPI Triunfo Participacoes e Investimentos and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TPI Triunfo Participacoes e Investimentos's current ROC (Joel Greenblatt) % is 1.48%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TPI Triunfo Participacoes e Investimentos stock overvalued right now?
Based on GuruFocus' analysis, TPI Triunfo Participacoes e Investimentos (BSP:TPIS3) is currently considered Significantly Overvalued. The stock's GF Value™ is R$3.58, compared to a current price of R$10.27 — trading 186.9% above its estimated fair value. The current ROC (Joel Greenblatt) % is 1.48% and 92.4% below the Construction industry median of 19.38. TPI Triunfo Participacoes e Investimentos' overall GF Score™ is 40/100 with 7 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 TPI Triunfo Participacoes e Investimentos (BSP:TPIS3), the current ROC (Joel Greenblatt) % is 1.48% 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 TPI Triunfo Participacoes e Investimentos (BSP:TPIS3) Overvalued in 2026?
Based on GuruFocus' analysis, TPI Triunfo Participacoes e Investimentos stock appears to be overvalued.
The current stock price of R$10.27 is trading 186.9% above its estimated GF Value™ of R$3.58.
GuruFocus considers TPI Triunfo Participacoes e Investimentos to be Significantly Overvalued.
Key valuation signals for BSP:TPIS3:
ROC (Joel Greenblatt) %: 1.48%
GF Value™: R$3.58 vs. price of R$10.27 (186.9% above fair value)
Industry Position: 92.4% below the Construction median (#1702 of 1775)
No single metric tells the full story. See the BSP:TPIS3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TPI Triunfo Participacoes e Investimentos Business Description
TPI Triunfo Participacoes e Investimentos SA provides construction and operations of infrastructure facilities. The company's operating segments include Toll Roads Segment, Energy Segment, Logistic Segment, Holding and Other. Company generates majority of the revenue from Toll roads segment.
40GF Score
Get the complete analysis for BSP:TPIS3
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BSP:TPIS3 has been successfully added to your 
