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Ciments du MarocCAS:CMA -0.12%73 ROC (Joel Greenblatt) % is 95.29% as of Dec. 2025, which is 33% above its 10-year median of 71.66. GuruFocus rates CAS:CMA with a GF Score™ of 73/100 and a GF Value™ of MAD2,557.94 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 408 Building Materials companies, Ciments du Maroc ranks better than 97.3% 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. Ciments du Maroc's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 95.29%.
The historical rank and industry rank for Ciments du Maroc's ROC (Joel Greenblatt) % or its related term are showing as below:
CAS:CMA'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 40.11 Med: 71.66 Max: 108.11
Current: 87.68
During the past 13 years, Ciments du Maroc's highest ROC (Joel Greenblatt) % was 108.11%. The lowest was 40.11%. And the median was 71.66%.
CAS:CMA's ROC (Joel Greenblatt) % is ranked better than 97.3% of 408
companies
in the Building Materials industry
Industry Median: 8.565
vs CAS:CMA: 87.68
Ciments du Maroc's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -1.70% per year.
Ciments du Maroc (CAS:CMA) 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.
Ciments du Maroc ROC (Joel Greenblatt) % Related Terms
Ciments du Maroc ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Ciments du Maroc'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.
CAS:CMA vs CRH, VMC, MLM: ROC (Joel Greenblatt) % Comparison
For the Building Materials subindustry, Ciments du Maroc'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.
Ciments du Maroc ROC (Joel Greenblatt) % vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Ciments du Maroc's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Ciments du Maroc's ROC (Joel Greenblatt) % falls into.
Ciments du Maroc 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 95.29% mean?
Ciments du Maroc (CAS:CMA) has a ROC (Joel Greenblatt) % of 95.29% 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 Ciments du Maroc and its competitors. This is 33% above median its historical median of 71.66. Over the past decade, Ciments du Maroc's ROC (Joel Greenblatt) % has ranged from 40.11 to 108.11. According to the industry distribution chart, Ciments du Maroc ranks #11 out of 408 companies in the Building Materials industry, placing it in the top 2.7%.
Is Ciments du Maroc's ROC (Joel Greenblatt) % too high?
Ciments du Maroc's current ROC (Joel Greenblatt) % of 95.29% is 33% above median its 10-year median of 71.66. Over the past 10 years, this metric has ranged from a low of 40.11 to a high of 108.11. The Building Materials industry median ROC (Joel Greenblatt) % is 8.57. Ciments du Maroc's value of 95.29% is 1012.6% above this industry median. Based on the distribution chart, Ciments du Maroc ranks #11 out of 408 companies in the Building Materials industry, which is in the top quartile — a strong position relative to peers. Overall, Ciments du Maroc has a GF Score™ of 73/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ciments du Maroc's ROC (Joel Greenblatt) % compare to CRH and VMC?
According to the Building Materials industry distribution chart, Ciments du Maroc ranks #11 out of 408 companies for ROC (Joel Greenblatt) %. This places Ciments du Maroc in the top 3% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 8.57. Ciments du Maroc's value of 95.29% is 1012.6% above this benchmark. Historically, Ciments du Maroc's own ROC (Joel Greenblatt) % has ranged from 40.11 to 108.11 over the past decade. While the company's 10-year median is 71.66 vs. the industry median of 8.57, Ciments du Maroc 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 Building Materials company?
The median ROC (Joel Greenblatt) % among Building Materials companies is 8.57, based on 408 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. Ciments du Maroc's current ROC (Joel Greenblatt) % of 95.29% is 1012.6% 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 Ciments du Maroc and its competitors. For the Building Materials industry, the median ROC (Joel Greenblatt) % is 8.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ciments du Maroc's current ROC (Joel Greenblatt) % is 95.29%, which is 33% above median its own 10-year median of 71.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ciments du Maroc stock overvalued right now?
Based on GuruFocus' analysis, Ciments du Maroc (CAS:CMA) is currently considered Significantly Undervalued. The stock's GF Value™ is MAD2,557.94, compared to a current price of MAD1,620.00 — trading 36.7% below its estimated fair value. The current ROC (Joel Greenblatt) % is 95.29%, which is 33% above median its 10-year median of 71.66 and 1012.6% above the Building Materials industry median of 8.57. Ciments du Maroc's overall GF Score™ is 73/100 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 Ciments du Maroc (CAS:CMA), the current ROC (Joel Greenblatt) % is 95.29% 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 Ciments du Maroc (CAS:CMA) Overvalued in 2026?
Based on GuruFocus' analysis, Ciments du Maroc stock appears to be undervalued.
The current stock price of MAD1,620.00 is trading 36.7% below its estimated GF Value™ of MAD2,557.94.
GuruFocus considers Ciments du Maroc to be Significantly Undervalued.
Key valuation signals for CAS:CMA:
ROC (Joel Greenblatt) %: 95.29% (33% above median its 10-year median of 71.66)
GF Value™: MAD2,557.94 vs. price of MAD1,620.00 (36.7% below fair value)
Industry Position: 1012.6% above the Building Materials median (#11 of 408)
No single metric tells the full story. See the CAS:CMA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ciments du Maroc SA is a cement producer in Morocco and acts as an operator in ready-mixed concrete and aggregates. The product line of the company includes cement, concrete ready-to-use, aggregates, and others. It also offers its customers a Technical Assistance service including maturometry, MBE (Equivalent Concrete Mortar) tests, cement slurry tests or quick identification of cement. The company operates MyCimar portal which allows customers to consult the movements of their activity with the company.
73GF Score
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