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CECO EnvironmentalCECO -2.09%77 ROC (Joel Greenblatt) % is 2.52% as of Mar. 2026, which is 96% below its 10-year median of 57.51. GuruFocus rates CECO with a GF Score™ of 77/100 and a GF Value™ of $44.82 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 3,063 Industrial Products companies, CECO Environmental ranks better than 91.25% 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. CECO Environmental's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 2.52%.
The historical rank and industry rank for CECO Environmental's ROC (Joel Greenblatt) % or its related term are showing as below:
CECO'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -69.9 Med: 57.51 Max: 153.75
Current: 57.9
During the past 13 years, CECO Environmental's highest ROC (Joel Greenblatt) % was 153.75%. The lowest was -69.90%. And the median was 57.51%.
CECO's ROC (Joel Greenblatt) % is ranked better than 91.25% of 3063
companies
in the Industrial Products industry
Industry Median: 11.69
vs CECO: 57.90
CECO Environmental's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 23.70% 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.
CECO Environmental ROC (Joel Greenblatt) % Related Terms
CECO Environmental ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for CECO Environmental'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.
CECO vs ZWS, PCT, ERII: ROC (Joel Greenblatt) % Comparison
For the Pollution & Treatment Controls subindustry, CECO Environmental'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.
CECO Environmental ROC (Joel Greenblatt) % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, CECO Environmental's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where CECO Environmental'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 2.52% mean?
CECO Environmental (CECO) has a ROC (Joel Greenblatt) % of 2.52% 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 CECO Environmental and its competitors. This is 96% below median its historical median of 57.51. According to the industry distribution chart, CECO Environmental ranks #268 out of 3063 companies in the Industrial Products industry, placing it in the top 8.7%.
Is CECO Environmental's ROC (Joel Greenblatt) % too high?
CECO Environmental's current ROC (Joel Greenblatt) % of 2.52% is 96% below median its 10-year median of 57.51. The Industrial Products industry median ROC (Joel Greenblatt) % is 11.69. CECO Environmental's value of 2.52% is 78.4% below this industry median. Based on the distribution chart, CECO Environmental ranks #268 out of 3063 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, CECO Environmental has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CECO Environmental's ROC (Joel Greenblatt) % compare to ZWS and PCT?
According to the Industrial Products industry distribution chart, CECO Environmental ranks #268 out of 3063 companies for ROC (Joel Greenblatt) %. This places CECO Environmental in the top 9% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.69. CECO Environmental's value of 2.52% is 78.4% below this benchmark. While the company's 10-year median is 57.51 vs. the industry median of 11.69, CECO Environmental 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 Industrial Products company?
The median ROC (Joel Greenblatt) % among Industrial Products companies is 11.69, based on 3,063 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. CECO Environmental's current ROC (Joel Greenblatt) % of 2.52% is 78.4% 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 CECO Environmental and its competitors. For the Industrial Products industry, the median ROC (Joel Greenblatt) % is 11.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CECO Environmental's current ROC (Joel Greenblatt) % is 2.52%, which is 96% below median its own 10-year median of 57.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CECO Environmental stock overvalued right now?
Based on GuruFocus' analysis, CECO Environmental (CECO) is currently considered Significantly Overvalued. The stock's GF Value™ is $44.82, compared to a current price of $81.94 — trading 82.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is 2.52%, which is 96% below median its 10-year median of 57.51 and 78.4% below the Industrial Products industry median of 11.69. CECO Environmental's overall GF Score™ is 77/100 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 CECO Environmental (CECO), the current ROC (Joel Greenblatt) % is 2.52% 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 CECO Environmental (CECO) Overvalued in 2026?
Based on GuruFocus' analysis, CECO Environmental stock appears to be overvalued.
The current stock price of $81.94 is trading 82.8% above its estimated GF Value™ of $44.82.
GuruFocus considers CECO Environmental to be Significantly Overvalued.
Key valuation signals for CECO:
ROC (Joel Greenblatt) %: 2.52% (96% below median its 10-year median of 57.51)
GF Value™: $44.82 vs. price of $81.94 (82.8% above fair value)
Industry Position: 78.4% below the Industrial Products median (#268 of 3063)
No single metric tells the full story. See the CECO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CECO Environmental Corp is an industrial company, serving industrial air, industrial water, and energy transition markets. It offers various engineered and configured products and solutions, including dampers and diverters, selective catalytic reduction systems, severe-service and industrial cyclones, dust collectors, thermal oxidizers, filtration systems, wet and dry scrubbers, water treatment packages, industrial silencers, etc. These products are offered through brands like Western Airducts, WK, Wakefield Acoustics, Transcend, Verantis, and others. The company's reportable segments are: Engineered Systems, which derive maximum revenue, and Industrial Process Solutions. Geographically, it derives key revenue from the U.S., followed by the Netherlands, the UK, China, and other markets.
77GF Score
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