BW OffshoreBWOSF 43 ROC (Joel Greenblatt) % is 3.76% as of Dec. 2025, which is 30% below its 10-year median of 5.37. GuruFocus rates BWOSF with a GF Score™ of 43/100 and a GF Value™ of $1.42 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,000 Oil & Gas companies, BW Offshore ranks worse than 57.7% 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. BW Offshore's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 3.76%.
The historical rank and industry rank for BW Offshore's ROC (Joel Greenblatt) % or its related term are showing as below:
BWOSF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -9.23 Med: 5.37 Max: 9.55
Current: 5.23
During the past 13 years, BW Offshore's highest ROC (Joel Greenblatt) % was 9.55%. The lowest was -9.23%. And the median was 5.37%.
BWOSF's ROC (Joel Greenblatt) % is ranked worse than 57.7% of 1000
companies
in the Oil & Gas industry
Industry Median: 8.415
vs BWOSF: 5.23
BW Offshore's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% 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.
BW Offshore ROC (Joel Greenblatt) % Historical Data
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The historical data trend for BW Offshore'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.
BWOSF vs SLB, BKR, HAL: ROC (Joel Greenblatt) % Comparison
For the Oil & Gas Equipment & Services subindustry, BW Offshore'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.
BW Offshore ROC (Joel Greenblatt) % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, BW Offshore's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where BW Offshore'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 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 3.76% mean?
BW Offshore (BWOSF) has a ROC (Joel Greenblatt) % of 3.76% 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 BW Offshore and its competitors. This is 30% below median its historical median of 5.37. According to the industry distribution chart, BW Offshore ranks #577 out of 1000 companies in the Oil & Gas industry, placing it in the top 57.7%.
Is BW Offshore's ROC (Joel Greenblatt) % too high?
BW Offshore's current ROC (Joel Greenblatt) % of 3.76% is 30% below median its 10-year median of 5.37. The Oil & Gas industry median ROC (Joel Greenblatt) % is 8.42. BW Offshore's value of 3.76% is 55.3% below this industry median. Based on the distribution chart, BW Offshore ranks #577 out of 1000 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, BW Offshore has a GF Score™ of 43/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BW Offshore's ROC (Joel Greenblatt) % compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, BW Offshore ranks #577 out of 1000 companies for ROC (Joel Greenblatt) %. This places BW Offshore in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 8.42. BW Offshore's value of 3.76% is 55.3% below this benchmark. While the company's 10-year median is 5.37 vs. the industry median of 8.42, BW Offshore has consistently been below 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 8.42, based on 1,000 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. BW Offshore's current ROC (Joel Greenblatt) % of 3.76% is 55.3% 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 BW Offshore and its competitors. For the Oil & Gas industry, the median ROC (Joel Greenblatt) % is 8.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BW Offshore's current ROC (Joel Greenblatt) % is 3.76%, which is 30% below median its own 10-year median of 5.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BW Offshore stock overvalued right now?
Based on GuruFocus' analysis, BW Offshore (BWOSF) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.42, compared to a current price of $5.31 — trading 273.9% above its estimated fair value. The current ROC (Joel Greenblatt) % is 3.76%, which is 30% below median its 10-year median of 5.37 and 55.3% below the Oil & Gas industry median of 8.42. BW Offshore's overall GF Score™ is 43/100 with 4 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 BW Offshore (BWOSF), the current ROC (Joel Greenblatt) % is 3.76% 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 BW Offshore (BWOSF) Overvalued in 2026?
Based on GuruFocus' analysis, BW Offshore stock appears to be overvalued.
The current stock price of $5.31 is trading 273.9% above its estimated GF Value™ of $1.42.
GuruFocus considers BW Offshore to be Significantly Overvalued.
Key valuation signals for BWOSF:
ROC (Joel Greenblatt) %: 3.76% (30% below median its 10-year median of 5.37)
GF Value™: $1.42 vs. price of $5.31 (273.9% above fair value)
Industry Position: 55.3% below the Oil & Gas median (#577 of 1000)
No single metric tells the full story. See the BWOSF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BW Offshore Ltd is a holding company. It is engaged in developing, owning, and operating oil and gas Floating Production, Storage, and Offloading vessels (FPSO) and Floating, Storage and Offloading (FSO) vessels. The company's main activities are engineering, procurement, construction, and installation, as well as lease and operation services for FPSOs. The operating segment of the company is FPSO and Floating Wind, of which the majority of its revenue is from the FPSO segment. Geographically, the company operates in Americas, Europe/Africa, Asia and the Pacific.
43GF Score
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