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CapexBUE:CAPX -1.26%68 ROC (Joel Greenblatt) % is 40.51% as of Apr. 2026, which is 224% above its 10-year median of 12.50. GuruFocus rates BUE:CAPX with a GF Score™ of 68/100 and a GF Value™ of ARS7,168.38 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 998 Oil & Gas companies, Capex ranks better than 54.61% 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. Capex's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was 40.51%.
The historical rank and industry rank for Capex's ROC (Joel Greenblatt) % or its related term are showing as below:
BUE:CAPX'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.15 Med: 12.5 Max: 36.41
Current: 10.08
During the past 13 years, Capex's highest ROC (Joel Greenblatt) % was 36.41%. The lowest was 2.15%. And the median was 12.50%.
BUE:CAPX's ROC (Joel Greenblatt) % is ranked better than 54.61% of 998
companies
in the Oil & Gas industry
Industry Median: 8.56
vs BUE:CAPX: 10.08
Capex's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -23.30% 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.
The historical data trend for Capex'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.
BUE:CAPX vs COP, EOG, FANG: ROC (Joel Greenblatt) % Comparison
For the Oil & Gas E&P subindustry, Capex'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.
Capex ROC (Joel Greenblatt) % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Capex's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Capex'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 (Apr. 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 40.51% mean?
Capex (BUE:CAPX) has a ROC (Joel Greenblatt) % of 40.51% as of Apr. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Capex and its competitors. This is 224% above median its historical median of 12.50. Over the past decade, Capex's ROC (Joel Greenblatt) % has ranged from 2.15 to 36.41. According to the industry distribution chart, Capex ranks #453 out of 998 companies in the Oil & Gas industry, placing it in the top 45.4%.
Is Capex's ROC (Joel Greenblatt) % too high?
Capex's current ROC (Joel Greenblatt) % of 40.51% is 224% above median its 10-year median of 12.50. Over the past 10 years, this metric has ranged from a low of 2.15 to a high of 36.41. The Oil & Gas industry median ROC (Joel Greenblatt) % is 8.56. Capex's value of 40.51% is 373.2% above this industry median. Based on the distribution chart, Capex ranks #453 out of 998 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Capex has a GF Score™ of 68/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Capex's ROC (Joel Greenblatt) % compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Capex ranks #453 out of 998 companies for ROC (Joel Greenblatt) %. This puts Capex in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 8.56. Capex's value of 40.51% is 373.2% above this benchmark. Historically, Capex's own ROC (Joel Greenblatt) % has ranged from 2.15 to 36.41 over the past decade. While the company's 10-year median is 12.50 vs. the industry median of 8.56, Capex 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 Oil & Gas company?
The median ROC (Joel Greenblatt) % among Oil & Gas companies is 8.56, based on 998 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. Capex's current ROC (Joel Greenblatt) % of 40.51% is 373.2% 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 Capex and its competitors. For the Oil & Gas industry, the median ROC (Joel Greenblatt) % is 8.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Capex's current ROC (Joel Greenblatt) % is 40.51%, which is 224% above median its own 10-year median of 12.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Capex stock overvalued right now?
Based on GuruFocus' analysis, Capex (BUE:CAPX) is currently considered Possible Value Trap. The stock's GF Value™ is ARS7,168.38, compared to a current price of ARS3,920.00 — trading 45.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is 40.51%, which is 224% above median its 10-year median of 12.50 and 373.2% above the Oil & Gas industry median of 8.56. Capex's overall GF Score™ is 68/100 with 9 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 Capex (BUE:CAPX), the current ROC (Joel Greenblatt) % is 40.51% as of Apr. 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 Capex (BUE:CAPX) Overvalued in 2026?
Based on GuruFocus' analysis, Capex stock appears to be undervalued.
The current stock price of ARS3,920.00 is trading 45.3% below its estimated GF Value™ of ARS7,168.38.
GuruFocus considers Capex to be Possible Value Trap.
Key valuation signals for BUE:CAPX:
ROC (Joel Greenblatt) %: 40.51% (224% above median its 10-year median of 12.50)
GF Value™: ARS7,168.38 vs. price of ARS3,920.00 (45.3% below fair value)
Industry Position: 373.2% above the Oil & Gas median (#453 of 998)
No single metric tells the full story. See the BUE:CAPX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Capex SA is an Argentina based company predominantly engaged in generation of electricity. It operates in the business segments of Oil and Gas which consists the exploration, production and sale of oil and gas, Energy which is engaged in electric power generation, LPG which involves the production and sale of gas derived liquid fuel, and Renewable energies segment which consists of wind electric power generation activities, Hydrogen Energy which involves generation of electric power with hydrogen activities, and Oxygen which includes the oxygen production and sale operations. It derives a majority of the revenue from the Oil and Gas segment.
68GF Score
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