Afriquia GazCAS:GAZ 83 ROC (Joel Greenblatt) % is 28.95% as of Dec. 2025, which is 12% above its 10-year median of 25.78. GuruFocus rates CAS:GAZ with a GF Score™ of 83/100 and a GF Value™ of MAD4,376.54 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,000 Oil & Gas companies, Afriquia Gaz ranks better than 85% 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. Afriquia Gaz's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 28.95%.
The historical rank and industry rank for Afriquia Gaz's ROC (Joel Greenblatt) % or its related term are showing as below:
CAS:GAZ'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 15.14 Med: 25.78 Max: 30.17
Current: 28.3
During the past 13 years, Afriquia Gaz's highest ROC (Joel Greenblatt) % was 30.17%. The lowest was 15.14%. And the median was 25.78%.
CAS:GAZ's ROC (Joel Greenblatt) % is ranked better than 85% of 1000
companies
in the Oil & Gas industry
Industry Median: 8.415
vs CAS:GAZ: 28.30
Afriquia Gaz's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 13.00% per year.
Afriquia Gaz (CAS:GAZ) 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.
Afriquia Gaz ROC (Joel Greenblatt) % Related Terms
Afriquia Gaz ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Afriquia Gaz'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:GAZ vs VLO, MPC, PSX: ROC (Joel Greenblatt) % Comparison
For the Oil & Gas Refining & Marketing subindustry, Afriquia Gaz'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.
Afriquia Gaz ROC (Joel Greenblatt) % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Afriquia Gaz's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Afriquia Gaz'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 28.95% mean?
Afriquia Gaz (CAS:GAZ) has a ROC (Joel Greenblatt) % of 28.95% 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 Afriquia Gaz and its competitors. This is 12% above median its historical median of 25.78. Over the past decade, Afriquia Gaz's ROC (Joel Greenblatt) % has ranged from 15.14 to 30.17. According to the industry distribution chart, Afriquia Gaz ranks #150 out of 1000 companies in the Oil & Gas industry, placing it in the top 15%.
Is Afriquia Gaz's ROC (Joel Greenblatt) % too high?
Afriquia Gaz's current ROC (Joel Greenblatt) % of 28.95% is 12% above median its 10-year median of 25.78. Over the past 10 years, this metric has ranged from a low of 15.14 to a high of 30.17. The Oil & Gas industry median ROC (Joel Greenblatt) % is 8.42. Afriquia Gaz's value of 28.95% is 244% above this industry median. Based on the distribution chart, Afriquia Gaz ranks #150 out of 1000 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Afriquia Gaz has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Afriquia Gaz's ROC (Joel Greenblatt) % compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Afriquia Gaz ranks #150 out of 1000 companies for ROC (Joel Greenblatt) %. This places Afriquia Gaz in the top 15% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 8.42. Afriquia Gaz's value of 28.95% is 244% above this benchmark. Historically, Afriquia Gaz's own ROC (Joel Greenblatt) % has ranged from 15.14 to 30.17 over the past decade. While the company's 10-year median is 25.78 vs. the industry median of 8.42, Afriquia Gaz 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 8.42, 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. Afriquia Gaz's current ROC (Joel Greenblatt) % of 28.95% is 244% 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 Afriquia Gaz 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. Afriquia Gaz's current ROC (Joel Greenblatt) % is 28.95%, which is 12% above median its own 10-year median of 25.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Afriquia Gaz stock overvalued right now?
Based on GuruFocus' analysis, Afriquia Gaz (CAS:GAZ) is currently considered Modestly Undervalued. The stock's GF Value™ is MAD4,376.54, compared to a current price of MAD3,700.00 — trading 15.5% below its estimated fair value. The current ROC (Joel Greenblatt) % is 28.95%, which is 12% above median its 10-year median of 25.78 and 244% above the Oil & Gas industry median of 8.42. Afriquia Gaz's overall GF Score™ is 83/100 with 5 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 Afriquia Gaz (CAS:GAZ), the current ROC (Joel Greenblatt) % is 28.95% 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 Afriquia Gaz (CAS:GAZ) Overvalued in 2026?
Based on GuruFocus' analysis, Afriquia Gaz stock appears to be undervalued.
The current stock price of MAD3,700.00 is trading 15.5% below its estimated GF Value™ of MAD4,376.54.
GuruFocus considers Afriquia Gaz to be Modestly Undervalued.
Key valuation signals for CAS:GAZ:
ROC (Joel Greenblatt) %: 28.95% (12% above median its 10-year median of 25.78)
GF Value™: MAD4,376.54 vs. price of MAD3,700.00 (15.5% below fair value)
Industry Position: 244% above the Oil & Gas median (#150 of 1000)
No single metric tells the full story. See the CAS:GAZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Afriquia Gaz is a Morocco-based company engaged in the business of distributing liquefied petroleum gas (LPG) such as butane, propane and its by-products. The company is also involved in the import, export, trade, refining, storage, stocking, transportation, deposit and administration of LPG. It markets its products under five brands namely Afriquia Gaz, Tissir Gaz, Campingaz, Ultragaz and National Gaz.
83GF Score
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