Ashtead Technology HoldingsCHIX:ATL +1.13%62 ROC (Joel Greenblatt) % is 42.52% as of Dec. 2025, which is 29% above its 10-year median of 32.90. GuruFocus rates CHIX:ATL with a GF Score™ of 62/100 and a GF Value™ of £8.83 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 997 Oil & Gas companies, Ashtead Technology Holdings ranks better than 90.27% 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. Ashtead Technology Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 42.52%.
The historical rank and industry rank for Ashtead Technology Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
CHIX:ATl'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 7.79 Med: 32.9 Max: 58.05
Current: 40.01
During the past 9 years, Ashtead Technology Holdings's highest ROC (Joel Greenblatt) % was 58.05%. The lowest was 7.79%. And the median was 32.90%.
CHIX:ATl's ROC (Joel Greenblatt) % is ranked better than 90.27% of 997
companies
in the Oil & Gas industry
Industry Median: 8.44
vs CHIX:ATl: 40.01
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.
* 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.
CHIX:ATL vs SLB, BKR, HAL: ROC (Joel Greenblatt) % Comparison
For the Oil & Gas Equipment & Services subindustry, Ashtead Technology 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.
Ashtead Technology Holdings ROC (Joel Greenblatt) % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Ashtead Technology Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Ashtead Technology 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 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 42.52% mean?
Ashtead Technology Holdings (CHIX:ATL) has a ROC (Joel Greenblatt) % of 42.52% 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 Ashtead Technology Holdings and its competitors. This is 29% above median its historical median of 32.90. Over the past decade, Ashtead Technology Holdings' ROC (Joel Greenblatt) % has ranged from 7.79 to 58.05. According to the industry distribution chart, Ashtead Technology Holdings ranks #97 out of 997 companies in the Oil & Gas industry, placing it in the top 9.7%.
Is Ashtead Technology Holdings' ROC (Joel Greenblatt) % too high?
Ashtead Technology Holdings' current ROC (Joel Greenblatt) % of 42.52% is 29% above median its 10-year median of 32.90. Over the past 10 years, this metric has ranged from a low of 7.79 to a high of 58.05. The Oil & Gas industry median ROC (Joel Greenblatt) % is 8.44. Ashtead Technology Holdings' value of 42.52% is 403.8% above this industry median. Based on the distribution chart, Ashtead Technology Holdings ranks #97 out of 997 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Ashtead Technology Holdings has a GF Score™ of 62/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ashtead Technology Holdings' ROC (Joel Greenblatt) % compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Ashtead Technology Holdings ranks #97 out of 997 companies for ROC (Joel Greenblatt) %. This places Ashtead Technology Holdings in the top 10% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 8.44. Ashtead Technology Holdings' value of 42.52% is 403.8% above this benchmark. Historically, Ashtead Technology Holdings' own ROC (Joel Greenblatt) % has ranged from 7.79 to 58.05 over the past decade. While the company's 10-year median is 32.90 vs. the industry median of 8.44, Ashtead Technology Holdings 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 Oil & Gas company?
The median ROC (Joel Greenblatt) % among Oil & Gas companies is 8.44, based on 997 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. Ashtead Technology Holdings's current ROC (Joel Greenblatt) % of 42.52% is 403.8% 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 Ashtead Technology Holdings and its competitors. For the Oil & Gas industry, the median ROC (Joel Greenblatt) % is 8.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ashtead Technology Holdings's current ROC (Joel Greenblatt) % is 42.52%, which is 29% above median its own 10-year median of 32.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ashtead Technology Holdings stock overvalued right now?
Based on GuruFocus' analysis, Ashtead Technology Holdings (CHIX:ATL) is currently considered Significantly Undervalued. The stock's GF Value™ is £8.83, compared to a current price of £4.04 — trading 54.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is 42.52%, which is 29% above median its 10-year median of 32.90 and 403.8% above the Oil & Gas industry median of 8.44. Ashtead Technology Holdings' overall GF Score™ is 62/100 with 2 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 Ashtead Technology Holdings (CHIX:ATL), the current ROC (Joel Greenblatt) % is 42.52% 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 Ashtead Technology Holdings (CHIX:ATL) Overvalued in 2026?
Based on GuruFocus' analysis, Ashtead Technology Holdings stock appears to be undervalued.
The current stock price of £4.04 is trading 54.3% below its estimated GF Value™ of £8.83.
GuruFocus considers Ashtead Technology Holdings to be Significantly Undervalued.
Key valuation signals for CHIX:ATL:
ROC (Joel Greenblatt) %: 42.52% (29% above median its 10-year median of 32.90)
GF Value™: £8.83 vs. price of £4.04 (54.3% below fair value)
Industry Position: 403.8% above the Oil & Gas median (#97 of 997)
No single metric tells the full story. See the CHIX:ATL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ashtead Technology Holdings PLC is a subsea equipment rental and solutions organization supporting the installation, inspection, maintenance, repair, and decommissioning of infrastructure across the offshore energy industry. Its service offering is applicable across the lifecycle of offshore wind farms and offshore oil and gas infrastructure. The company operates in the following four geographic regions, which have been determined as the Group's reportable segments. The operations of each geographic region are similar: Europe, which generates maximum revenue, the Americas, Asia-Pacific, and the Middle East.
62GF Score
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