Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
ALTEO Energy ServicesBUD:ALTEO +0.58%76 ROC (Joel Greenblatt) % is 8.57% as of Dec. 2025, which is 64% below its 10-year median of 23.70. GuruFocus rates BUD:ALTEO with a GF Score™ of 76/100 and a GF Value™ of Ft5,227.19 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 436 Utilities - Independent Power Producers companies, ALTEO Energy Services ranks better than 77.06% 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. ALTEO Energy Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 8.57%.
The historical rank and industry rank for ALTEO Energy Services's ROC (Joel Greenblatt) % or its related term are showing as below:
BUD:ALTEO'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 10.36 Med: 23.7 Max: 65.49
Current: 16.84
During the past 13 years, ALTEO Energy Services's highest ROC (Joel Greenblatt) % was 65.49%. The lowest was 10.36%. And the median was 23.70%.
BUD:ALTEO's ROC (Joel Greenblatt) % is ranked better than 77.06% of 436
companies
in the Utilities - Independent Power Producers industry
Industry Median: 6.525
vs BUD:ALTEO: 16.84
ALTEO Energy Services's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 8.00% per year.
ALTEO Energy Services (BUD:ALTEO) 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.
ALTEO Energy Services ROC (Joel Greenblatt) % Related Terms
ALTEO Energy Services ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for ALTEO Energy Services'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.
ALTEO Energy Services ROC (Joel Greenblatt) % Chart
ALTEO Energy Services ROC (Joel Greenblatt) % Competitor Comparison
For the Utilities - Renewable subindustry, ALTEO Energy Services'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.
ALTEO Energy Services ROC (Joel Greenblatt) % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, ALTEO Energy Services's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where ALTEO Energy Services's ROC (Joel Greenblatt) % falls into.
ALTEO Energy Services 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 8.57% mean?
ALTEO Energy Services (BUD:ALTEO) has a ROC (Joel Greenblatt) % of 8.57% 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 ALTEO Energy Services and its competitors. This is 64% below median its historical median of 23.70. Over the past decade, ALTEO Energy Services' ROC (Joel Greenblatt) % has ranged from 10.36 to 65.49. According to the industry distribution chart, ALTEO Energy Services ranks #100 out of 436 companies in the Utilities - Independent Power Producers industry, placing it in the top 22.9%.
Is ALTEO Energy Services' ROC (Joel Greenblatt) % too high?
ALTEO Energy Services' current ROC (Joel Greenblatt) % of 8.57% is 64% below median its 10-year median of 23.70. Over the past 10 years, this metric has ranged from a low of 10.36 to a high of 65.49. The Utilities - Independent Power Producers industry median ROC (Joel Greenblatt) % is 6.53. ALTEO Energy Services' value of 8.57% is 31.3% above this industry median. Based on the distribution chart, ALTEO Energy Services ranks #100 out of 436 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, ALTEO Energy Services has a GF Score™ of 76/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does ALTEO Energy Services' ROC (Joel Greenblatt) % compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, ALTEO Energy Services ranks #100 out of 436 companies for ROC (Joel Greenblatt) %. This places ALTEO Energy Services in the top 23% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 6.53. ALTEO Energy Services' value of 8.57% is 31.3% above this benchmark. Historically, ALTEO Energy Services' own ROC (Joel Greenblatt) % has ranged from 10.36 to 65.49 over the past decade. While the company's 10-year median is 23.70 vs. the industry median of 6.53, ALTEO Energy Services 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 6.53, based on 436 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. ALTEO Energy Services's current ROC (Joel Greenblatt) % of 8.57% is 31.3% 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 ALTEO Energy Services and its competitors. For the Utilities - Independent Power Producers industry, the median ROC (Joel Greenblatt) % is 6.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ALTEO Energy Services's current ROC (Joel Greenblatt) % is 8.57%, which is 64% below median its own 10-year median of 23.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ALTEO Energy Services stock overvalued right now?
Based on GuruFocus' analysis, ALTEO Energy Services (BUD:ALTEO) is currently considered Possible Value Trap. The stock's GF Value™ is Ft5,227.19, compared to a current price of Ft3,480.00 — trading 33.4% below its estimated fair value. The current ROC (Joel Greenblatt) % is 8.57%, which is 64% below median its 10-year median of 23.70 and 31.3% above the Utilities - Independent Power Producers industry median of 6.53. ALTEO Energy Services' overall GF Score™ is 76/100 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 ALTEO Energy Services (BUD:ALTEO), the current ROC (Joel Greenblatt) % is 8.57% 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 ALTEO Energy Services (BUD:ALTEO) Overvalued in 2026?
Based on GuruFocus' analysis, ALTEO Energy Services stock appears to be undervalued.
The current stock price of Ft3,480.00 is trading 33.4% below its estimated GF Value™ of Ft5,227.19.
GuruFocus considers ALTEO Energy Services to be Possible Value Trap.
Key valuation signals for BUD:ALTEO:
ROC (Joel Greenblatt) %: 8.57% (64% below median its 10-year median of 23.70)
GF Value™: Ft5,227.19 vs. price of Ft3,480.00 (33.4% below fair value)
Industry Position: 31.3% above the Utilities - Independent Power Producers median (#100 of 436)
No single metric tells the full story. See the BUD:ALTEO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ALTEO Energy Services PLC operates in the utility industry in Hungary. Its segments includes, Retail energy trade, Renewables-based energy production, Heat and electricity production and management, Circular economy, Energy services, and Other. It derives maximum revenue from Heat and electricity production and management segment. The Heat and electricity production and management segment includes Heat and Non-renewable Electricity Production, Ancillary Services, Renewable Production Management. Geographically, all the operations of the company are conducted in Hungary.
76GF Score
Get the complete analysis for BUD:ALTEO
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
BUD:ALTEO has been successfully added to your 
