Carlin GoldCGDCF -45.45%38 ROC (Joel Greenblatt) % is -13.13% as of Mar. 2026. GuruFocus rates CGDCF with a GF Score™ of 38/100. The stock has 1 warning sign investors should review. Among 2,498 Metals & Mining companies, Carlin Gold ranks better than 53.6% 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. Carlin Gold's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -13.13%.
The historical rank and industry rank for Carlin Gold's ROC (Joel Greenblatt) % or its related term are showing as below:
CGDCF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -25.85 Med: -12.47 Max: 8.47
Current: -17.19
During the past 13 years, Carlin Gold's highest ROC (Joel Greenblatt) % was 8.47%. The lowest was -25.85%. And the median was -12.47%.
CGDCF's ROC (Joel Greenblatt) % is ranked better than 53.6% of 2498
companies
in the Metals & Mining industry
Industry Median: -22.435
vs CGDCF: -17.19
Carlin Gold's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% 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.
Carlin Gold ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Carlin Gold'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.
CGDCF vs NEM, AU: ROC (Joel Greenblatt) % Comparison
For the Gold subindustry, Carlin Gold'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.
Carlin Gold ROC (Joel Greenblatt) % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Carlin Gold's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Carlin Gold'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 -13.13% mean?
Carlin Gold (CGDCF) has a ROC (Joel Greenblatt) % of -13.13% 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 Carlin Gold and its competitors. According to the industry distribution chart, Carlin Gold ranks #1159 out of 2498 companies in the Metals & Mining industry, placing it in the top 46.4%.
Is Carlin Gold's ROC (Joel Greenblatt) % too high?
Carlin Gold's current ROC (Joel Greenblatt) % is -13.13%. Based on the distribution chart, Carlin Gold ranks #1159 out of 2498 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Carlin Gold has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Carlin Gold's ROC (Joel Greenblatt) % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Carlin Gold ranks #1159 out of 2498 companies for ROC (Joel Greenblatt) %. This puts Carlin Gold in the upper half of its industry. 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 Metals & Mining company?
A good ROC (Joel Greenblatt) % depends on the Metals & Mining industry context. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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 Carlin Gold and its competitors. Carlin Gold's current ROC (Joel Greenblatt) % is -13.13%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carlin Gold stock overvalued right now?
Carlin Gold (CGDCF) has a current ROC (Joel Greenblatt) % of -13.13%. The current ROC (Joel Greenblatt) % is -13.13%. Carlin Gold's overall GF Score™ is 38/100 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 Carlin Gold (CGDCF), the current ROC (Joel Greenblatt) % is -13.13% 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.
Carlin Gold Corp is an exploration company. The firm is focused on Carlin-type gold exploration in Nevada. Its projects are the Cortez Summit Property, and Ivy Copper-Gold Property and Willow Property Project. The company operates in Canada and the United States. It has one operating segment mineral exploration and development.
38GF Score
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