Casey's General StoresCASY +1.91%84 ROC (Joel Greenblatt) % is 15.36% as of Apr. 2026, which is 15% above its 10-year median of 13.32. GuruFocus rates CASY with a GF Score™ of 84/100 and a GF Value™ of $481.87 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,123 Retail - Cyclical companies, Casey's General Stores ranks better than 59.57% 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. Casey's General Stores's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was 15.36%.
The historical rank and industry rank for Casey's General Stores's ROC (Joel Greenblatt) % or its related term are showing as below:
CASY'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 9.8 Med: 13.32 Max: 17.29
Current: 17.29
During the past 13 years, Casey's General Stores's highest ROC (Joel Greenblatt) % was 17.29%. The lowest was 9.80%. And the median was 13.32%.
CASY's ROC (Joel Greenblatt) % is ranked better than 59.57% of 1123
companies
in the Retail - Cyclical industry
Industry Median: 11.57
vs CASY: 17.29
Casey's General Stores's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 4.80% per year.
Casey's General Stores (NAS:CASY) 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.
Casey's General Stores ROC (Joel Greenblatt) % Related Terms
Casey's General Stores ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Casey's General Stores'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.
Casey's General Stores ROC (Joel Greenblatt) % Chart
CASY vs WSM, DKS, ULTA: ROC (Joel Greenblatt) % Comparison
For the Specialty Retail subindustry, Casey's General Stores'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.
Casey's General Stores ROC (Joel Greenblatt) % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Casey's General Stores's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Casey's General Stores's ROC (Joel Greenblatt) % falls into.
Casey's General Stores 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 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 15.36% mean?
Casey's General Stores (CASY) has a ROC (Joel Greenblatt) % of 15.36% 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 Casey's General Stores and its competitors. This is 15% above median its historical median of 13.32. Over the past decade, Casey's General Stores' ROC (Joel Greenblatt) % has ranged from 9.80 to 17.29. According to the industry distribution chart, Casey's General Stores ranks #454 out of 1123 companies in the Retail - Cyclical industry, placing it in the top 40.4%.
Is Casey's General Stores' ROC (Joel Greenblatt) % too high?
Casey's General Stores' current ROC (Joel Greenblatt) % of 15.36% is 15% above median its 10-year median of 13.32. Over the past 10 years, this metric has ranged from a low of 9.80 to a high of 17.29. The Retail - Cyclical industry median ROC (Joel Greenblatt) % is 11.57. Casey's General Stores' value of 15.36% is 32.8% above this industry median. Based on the distribution chart, Casey's General Stores ranks #454 out of 1123 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Casey's General Stores has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Casey's General Stores' ROC (Joel Greenblatt) % compare to WSM and DKS?
According to the Retail - Cyclical industry distribution chart, Casey's General Stores ranks #454 out of 1123 companies for ROC (Joel Greenblatt) %. This puts Casey's General Stores in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.57. Casey's General Stores' value of 15.36% is 32.8% above this benchmark. Historically, Casey's General Stores' own ROC (Joel Greenblatt) % has ranged from 9.80 to 17.29 over the past decade. While the company's 10-year median is 13.32 vs. the industry median of 11.57, Casey's General Stores 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 Retail - Cyclical company?
The median ROC (Joel Greenblatt) % among Retail - Cyclical companies is 11.57, based on 1,123 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. Casey's General Stores's current ROC (Joel Greenblatt) % of 15.36% is 32.8% 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 Casey's General Stores and its competitors. For the Retail - Cyclical industry, the median ROC (Joel Greenblatt) % is 11.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Casey's General Stores's current ROC (Joel Greenblatt) % is 15.36%, which is 15% above median its own 10-year median of 13.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Casey's General Stores stock overvalued right now?
Based on GuruFocus' analysis, Casey's General Stores (CASY) is currently considered Significantly Overvalued. The stock's GF Value™ is $481.87, compared to a current price of $794.66 — trading 64.9% above its estimated fair value. The current ROC (Joel Greenblatt) % is 15.36%, which is 15% above median its 10-year median of 13.32 and 32.8% above the Retail - Cyclical industry median of 11.57. Casey's General Stores' overall GF Score™ is 84/100 with 1 warning sign 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 Casey's General Stores (CASY), the current ROC (Joel Greenblatt) % is 15.36% 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 Casey's General Stores (CASY) Overvalued in 2026?
Based on GuruFocus' analysis, Casey's General Stores stock appears to be overvalued.
The current stock price of $794.66 is trading 64.9% above its estimated GF Value™ of $481.87.
GuruFocus considers Casey's General Stores to be Significantly Overvalued.
Key valuation signals for CASY:
ROC (Joel Greenblatt) %: 15.36% (15% above median its 10-year median of 13.32)
GF Value™: $481.87 vs. price of $794.66 (64.9% above fair value)
Industry Position: 32.8% above the Retail - Cyclical median (#454 of 1123)
No single metric tells the full story. See the CASY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Casey's General Stores Inc serves as convenience store chain with its 2,900 locations, positioned in the Midwest United States. About half of Casey's stores are located in rural towns with populations under 5,000. While fueling stations serve as a key traffic driver, about two-thirds of the company's gross profit stems from in-store sales of grocery items, prepared meals, and general merchandise. Casey's owns more than 90% of its stores and operates the majority of its warehousing and distribution processes internally.
84GF Score
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