Taqa MoroccoCAS:TQM -0.80%73 ROC (Joel Greenblatt) % is 30.37% as of Dec. 2025, which is 23% above its 10-year median of 24.67. GuruFocus rates CAS:TQM with a GF Score™ of 73/100 and a GF Value™ of MAD1,229.76 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 435 Utilities - Independent Power Producers companies, Taqa Morocco ranks better than 86.67% 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. Taqa Morocco's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 30.37%.
The historical rank and industry rank for Taqa Morocco's ROC (Joel Greenblatt) % or its related term are showing as below:
CAS:TQM'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 22.68 Med: 24.67 Max: 31.79
Current: 30.19
During the past 13 years, Taqa Morocco's highest ROC (Joel Greenblatt) % was 31.79%. The lowest was 22.68%. And the median was 24.67%.
CAS:TQM's ROC (Joel Greenblatt) % is ranked better than 86.67% of 435
companies
in the Utilities - Independent Power Producers industry
Industry Median: 6.54
vs CAS:TQM: 30.19
Taqa Morocco's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 5.60% 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.
Taqa Morocco ROC (Joel Greenblatt) % Related Terms
Taqa Morocco ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Taqa Morocco'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:TQM vs CEG, VST, NRG: ROC (Joel Greenblatt) % Comparison
For the Utilities - Independent Power Producers subindustry, Taqa Morocco'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.
Taqa Morocco ROC (Joel Greenblatt) % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Taqa Morocco's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Taqa Morocco'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 30.37% mean?
Taqa Morocco (CAS:TQM) has a ROC (Joel Greenblatt) % of 30.37% 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 Taqa Morocco and its competitors. This is 23% above median its historical median of 24.67. Over the past decade, Taqa Morocco's ROC (Joel Greenblatt) % has ranged from 22.68 to 31.79. According to the industry distribution chart, Taqa Morocco ranks #58 out of 435 companies in the Utilities - Independent Power Producers industry, placing it in the top 13.3%.
Is Taqa Morocco's ROC (Joel Greenblatt) % too high?
Taqa Morocco's current ROC (Joel Greenblatt) % of 30.37% is 23% above median its 10-year median of 24.67. Over the past 10 years, this metric has ranged from a low of 22.68 to a high of 31.79. The Utilities - Independent Power Producers industry median ROC (Joel Greenblatt) % is 6.54. Taqa Morocco's value of 30.37% is 364.4% above this industry median. Based on the distribution chart, Taqa Morocco ranks #58 out of 435 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Taqa Morocco has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Taqa Morocco's ROC (Joel Greenblatt) % compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Taqa Morocco ranks #58 out of 435 companies for ROC (Joel Greenblatt) %. This places Taqa Morocco in the top 13% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 6.54. Taqa Morocco's value of 30.37% is 364.4% above this benchmark. Historically, Taqa Morocco's own ROC (Joel Greenblatt) % has ranged from 22.68 to 31.79 over the past decade. While the company's 10-year median is 24.67 vs. the industry median of 6.54, Taqa Morocco 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 6.54, based on 435 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. Taqa Morocco's current ROC (Joel Greenblatt) % of 30.37% is 364.4% 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 Taqa Morocco and its competitors. For the Utilities - Independent Power Producers industry, the median ROC (Joel Greenblatt) % is 6.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taqa Morocco's current ROC (Joel Greenblatt) % is 30.37%, which is 23% above median its own 10-year median of 24.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taqa Morocco stock overvalued right now?
Based on GuruFocus' analysis, Taqa Morocco (CAS:TQM) is currently considered Significantly Overvalued. The stock's GF Value™ is MAD1,229.76, compared to a current price of MAD1,736.00 — trading 41.2% above its estimated fair value. The current ROC (Joel Greenblatt) % is 30.37%, which is 23% above median its 10-year median of 24.67 and 364.4% above the Utilities - Independent Power Producers industry median of 6.54. Taqa Morocco's overall GF Score™ is 73/100 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 Taqa Morocco (CAS:TQM), the current ROC (Joel Greenblatt) % is 30.37% 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 Taqa Morocco (CAS:TQM) Overvalued in 2026?
Based on GuruFocus' analysis, Taqa Morocco stock appears to be overvalued.
The current stock price of MAD1,736.00 is trading 41.2% above its estimated GF Value™ of MAD1,229.76.
GuruFocus considers Taqa Morocco to be Significantly Overvalued.
Key valuation signals for CAS:TQM:
ROC (Joel Greenblatt) %: 30.37% (23% above median its 10-year median of 24.67)
GF Value™: MAD1,229.76 vs. price of MAD1,736.00 (41.2% above fair value)
Industry Position: 364.4% above the Utilities - Independent Power Producers median (#58 of 435)
No single metric tells the full story. See the CAS:TQM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Taqa Morocco SA is a producer of electricity in Morocco. The company provides associated activities in the oil and gas sectors, the storage of the oil and gas products, electricity and water as well as transport infrastructure across Canada, Ghana, India, Iraq, Morocco, the Netherlands, Oman, Saudi Arabia, the United Arab Emirates, the United Kingdom, and the United States.
73GF Score
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