Cloudberry Clean Energy ASACHIX:CLOUDO 77 ROC (Joel Greenblatt) % is 8.21% as of Mar. 2026, which is 124% above its 10-year median of 3.66. GuruFocus rates CHIX:CLOUDO with a GF Score™ of 77/100 and a GF Value™ of kr16.51. The stock has 8 warning signs investors should review. Among 434 Utilities - Independent Power Producers companies, Cloudberry Clean Energy ASA ranks worse than 54.15% 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. Cloudberry Clean Energy ASA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 8.21%.
The historical rank and industry rank for Cloudberry Clean Energy ASA's ROC (Joel Greenblatt) % or its related term are showing as below:
CHIX:CLOUDo'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -17986.21 Med: 3.66 Max: 9.77
Current: 5.45
During the past 8 years, Cloudberry Clean Energy ASA's highest ROC (Joel Greenblatt) % was 9.77%. The lowest was -17986.21%. And the median was 3.66%.
CHIX:CLOUDo's ROC (Joel Greenblatt) % is ranked worse than 54.15% of 434
companies
in the Utilities - Independent Power Producers industry
Industry Median: 6.615
vs CHIX:CLOUDo: 5.45
Cloudberry Clean Energy ASA (CHIX:CLOUDo) 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.
* 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.
Cloudberry Clean Energy ASA ROC (Joel Greenblatt) % Chart
Cloudberry Clean Energy ASA ROC (Joel Greenblatt) % Competitor Comparison
For the Utilities - Renewable subindustry, Cloudberry Clean Energy ASA'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.
Cloudberry Clean Energy ASA ROC (Joel Greenblatt) % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Cloudberry Clean Energy ASA's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Cloudberry Clean Energy ASA's ROC (Joel Greenblatt) % falls into.
Cloudberry Clean Energy ASA 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 (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 8.21% mean?
Cloudberry Clean Energy ASA (CHIX:CLOUDO) has a ROC (Joel Greenblatt) % of 8.21% 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 Cloudberry Clean Energy ASA and its competitors. This is 124% above median its historical median of 3.66. According to the industry distribution chart, Cloudberry Clean Energy ASA ranks #235 out of 434 companies in the Utilities - Independent Power Producers industry, placing it in the top 54.1%.
Is Cloudberry Clean Energy ASA's ROC (Joel Greenblatt) % too high?
Cloudberry Clean Energy ASA's current ROC (Joel Greenblatt) % of 8.21% is 124% above median its 10-year median of 3.66. The Utilities - Independent Power Producers industry median ROC (Joel Greenblatt) % is 6.62. Cloudberry Clean Energy ASA's value of 8.21% is 24.1% above this industry median. Based on the distribution chart, Cloudberry Clean Energy ASA ranks #235 out of 434 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, Cloudberry Clean Energy ASA has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Cloudberry Clean Energy ASA's ROC (Joel Greenblatt) % compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Cloudberry Clean Energy ASA ranks #235 out of 434 companies for ROC (Joel Greenblatt) %. This places Cloudberry Clean Energy ASA in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 6.62. Cloudberry Clean Energy ASA's value of 8.21% is 24.1% above this benchmark. While the company's 10-year median is 3.66 vs. the industry median of 6.62, Cloudberry Clean Energy ASA 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 Utilities - Independent Power Producers company?
The median ROC (Joel Greenblatt) % among Utilities - Independent Power Producers companies is 6.62, based on 434 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. Cloudberry Clean Energy ASA's current ROC (Joel Greenblatt) % of 8.21% is 24.1% 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 Cloudberry Clean Energy ASA and its competitors. For the Utilities - Independent Power Producers industry, the median ROC (Joel Greenblatt) % is 6.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cloudberry Clean Energy ASA's current ROC (Joel Greenblatt) % is 8.21%, which is 124% above median its own 10-year median of 3.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cloudberry Clean Energy ASA stock overvalued right now?
Cloudberry Clean Energy ASA (CHIX:CLOUDO) has a current ROC (Joel Greenblatt) % of 8.21%. The stock's GF Value™ is kr16.51, compared to a current price of kr11.92 — trading 27.8% below its estimated fair value. The current ROC (Joel Greenblatt) % is 8.21%, which is 124% above median its 10-year median of 3.66 and 24.1% above the Utilities - Independent Power Producers industry median of 6.62. Cloudberry Clean Energy ASA's overall GF Score™ is 77/100 with 8 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 Cloudberry Clean Energy ASA (CHIX:CLOUDO), the current ROC (Joel Greenblatt) % is 8.21% 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 Cloudberry Clean Energy ASA (CHIX:CLOUDO) Overvalued in 2026?
Based on GuruFocus' analysis, Cloudberry Clean Energy ASA stock appears to be undervalued.
The current stock price of kr11.92 is trading 27.8% below its estimated GF Value™ of kr16.51.
Key valuation signals for CHIX:CLOUDO:
ROC (Joel Greenblatt) %: 8.21% (124% above median its 10-year median of 3.66)
GF Value™: kr16.51 vs. price of kr11.92 (27.8% below fair value)
Industry Position: 24.1% above the Utilities - Independent Power Producers median (#235 of 434)
No single metric tells the full story. See the CHIX:CLOUDO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cloudberry Clean Energy ASA is an independent power producer, developing, owning and operating renewable assets in the Nordics. The company is focused on developing, owning, and operating hydropower plants, wind farms, BESS and solar plants across Norway, Sweden, and Denmark. The company has four segments: Projects, Commercial, Asset Management and Corporate. The majority of revenue is derived from the Commercial segment, which owns and manages renewable power assets with long-term cash flows in the Nordics. Geographically, it generates the maximum revenue from Denmark, followed by Norway and Sweden.
77GF Score
Get the complete analysis for CHIX:CLOUDO
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
CHIX:CLOUDO has been successfully added to your 
