Cadre HoldingsCDRE +2.90%80 ROC (Joel Greenblatt) % is 10.03% as of Mar. 2026, which is 73% below its 10-year median of 37.73. GuruFocus rates CDRE with a GF Score™ of 80/100 and a GF Value™ of $38.36 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 355 Aerospace & Defense companies, Cadre Holdings ranks better than 69.3% 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. Cadre Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 10.03%.
The historical rank and industry rank for Cadre Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
CDRE'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 12.97 Med: 37.73 Max: 50.05
Current: 26.92
During the past 7 years, Cadre Holdings's highest ROC (Joel Greenblatt) % was 50.05%. The lowest was 12.97%. And the median was 37.73%.
CDRE's ROC (Joel Greenblatt) % is ranked better than 69.3% of 355
companies
in the Aerospace & Defense industry
Industry Median: 10.76
vs CDRE: 26.92
Cadre Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -1.90% 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.
Cadre Holdings ROC (Joel Greenblatt) % Related Terms
Cadre Holdings ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Cadre Holdings'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.
CDRE vs RCAT, AVEX, NPK: ROC (Joel Greenblatt) % Comparison
For the Aerospace & Defense subindustry, Cadre Holdings'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.
Cadre Holdings ROC (Joel Greenblatt) % vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Cadre Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Cadre Holdings'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 four times the quarterly (Mar. 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 10.03% mean?
Cadre Holdings (CDRE) has a ROC (Joel Greenblatt) % of 10.03% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Cadre Holdings and its competitors. This is 73% below median its historical median of 37.73. Over the past decade, Cadre Holdings' ROC (Joel Greenblatt) % has ranged from 12.97 to 50.05. According to the industry distribution chart, Cadre Holdings ranks #109 out of 355 companies in the Aerospace & Defense industry, placing it in the top 30.7%.
Is Cadre Holdings' ROC (Joel Greenblatt) % too high?
Cadre Holdings' current ROC (Joel Greenblatt) % of 10.03% is 73% below median its 10-year median of 37.73. Over the past 10 years, this metric has ranged from a low of 12.97 to a high of 50.05. The Aerospace & Defense industry median ROC (Joel Greenblatt) % is 10.76. Cadre Holdings' value of 10.03% is 6.8% below this industry median. Based on the distribution chart, Cadre Holdings ranks #109 out of 355 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Cadre Holdings has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Cadre Holdings' ROC (Joel Greenblatt) % compare to RCAT and AVEX?
According to the Aerospace & Defense industry distribution chart, Cadre Holdings ranks #109 out of 355 companies for ROC (Joel Greenblatt) %. This puts Cadre Holdings in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 10.76. Cadre Holdings' value of 10.03% is 6.8% below this benchmark. Historically, Cadre Holdings' own ROC (Joel Greenblatt) % has ranged from 12.97 to 50.05 over the past decade. While the company's 10-year median is 37.73 vs. the industry median of 10.76, Cadre Holdings 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 Aerospace & Defense company?
The median ROC (Joel Greenblatt) % among Aerospace & Defense companies is 10.76, based on 355 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. Cadre Holdings's current ROC (Joel Greenblatt) % of 10.03% is 6.8% 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 Cadre Holdings and its competitors. For the Aerospace & Defense industry, the median ROC (Joel Greenblatt) % is 10.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cadre Holdings's current ROC (Joel Greenblatt) % is 10.03%, which is 73% below median its own 10-year median of 37.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cadre Holdings stock overvalued right now?
Based on GuruFocus' analysis, Cadre Holdings (CDRE) is currently considered Modestly Undervalued. The stock's GF Value™ is $38.36, compared to a current price of $29.44 — trading 23.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is 10.03%, which is 73% below median its 10-year median of 37.73 and 6.8% below the Aerospace & Defense industry median of 10.76. Cadre Holdings' overall GF Score™ is 80/100 with 3 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 Cadre Holdings (CDRE), the current ROC (Joel Greenblatt) % is 10.03% as of Mar. 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 Cadre Holdings (CDRE) Overvalued in 2026?
Based on GuruFocus' analysis, Cadre Holdings stock appears to be undervalued.
The current stock price of $29.44 is trading 23.3% below its estimated GF Value™ of $38.36.
GuruFocus considers Cadre Holdings to be Modestly Undervalued.
Key valuation signals for CDRE:
ROC (Joel Greenblatt) %: 10.03% (73% below median its 10-year median of 37.73)
GF Value™: $38.36 vs. price of $29.44 (23.3% below fair value)
Industry Position: 6.8% below the Aerospace & Defense median (#109 of 355)
No single metric tells the full story. See the CDRE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cadre Holdings Inc is engaged in the design and manufacture of a diversified product portfolio of critical safety and survivability equipment to protect first responders, federal agencies, outdoor recreation, and personal protection markets. The company's equipment provides critical protection to allow its users to safely and securely perform their duties and protect those around them in hazardous or life-threatening situations. Its operations are comprised of two reportable segments - the Product segment, which is comprised of components that manufacture and sell products, and the Distribution segment, which is comprised of business that serves as a one-stop shop for law enforcement agencies that sells goods produced by the Product segment, as well as other third-party products.
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