Exmar NVCHIX:EXMB 61 ROC (Joel Greenblatt) % is 23.32% as of Dec. 2025, which is 35% above its 10-year median of 17.26. GuruFocus rates CHIX:EXMB with a GF Score™ of 61/100 and a GF Value™ of €7.09. The stock has 9 warning signs investors should review. Among 1,000 Oil & Gas companies, Exmar NV ranks better than 82.2% 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. Exmar NV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 23.32%.
The historical rank and industry rank for Exmar NV's ROC (Joel Greenblatt) % or its related term are showing as below:
CHIX:EXMb'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.17 Med: 17.26 Max: 58.66
Current: 25.22
During the past 13 years, Exmar NV's highest ROC (Joel Greenblatt) % was 58.66%. The lowest was 1.17%. And the median was 17.26%.
CHIX:EXMb's ROC (Joel Greenblatt) % is ranked better than 82.2% of 1000
companies
in the Oil & Gas industry
Industry Median: 8.415
vs CHIX:EXMb: 25.22
Exmar NV's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 27.50% 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.
The historical data trend for Exmar NV'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.
CHIX:EXMB vs SLB, BKR, HAL: ROC (Joel Greenblatt) % Comparison
For the Oil & Gas Equipment & Services subindustry, Exmar NV'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.
Exmar NV ROC (Joel Greenblatt) % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Exmar NV's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Exmar NV'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 23.32% mean?
Exmar NV (CHIX:EXMB) has a ROC (Joel Greenblatt) % of 23.32% 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 Exmar NV and its competitors. This is 35% above median its historical median of 17.26. Over the past decade, Exmar NV's ROC (Joel Greenblatt) % has ranged from 1.17 to 58.66. According to the industry distribution chart, Exmar NV ranks #178 out of 1000 companies in the Oil & Gas industry, placing it in the top 17.8%.
Is Exmar NV's ROC (Joel Greenblatt) % too high?
Exmar NV's current ROC (Joel Greenblatt) % of 23.32% is 35% above median its 10-year median of 17.26. Over the past 10 years, this metric has ranged from a low of 1.17 to a high of 58.66. The Oil & Gas industry median ROC (Joel Greenblatt) % is 8.42. Exmar NV's value of 23.32% is 177.1% above this industry median. Based on the distribution chart, Exmar NV ranks #178 out of 1000 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Exmar NV has a GF Score™ of 61/100, reflecting its overall financial health beyond just this single metric.
How does Exmar NV's ROC (Joel Greenblatt) % compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Exmar NV ranks #178 out of 1000 companies for ROC (Joel Greenblatt) %. This places Exmar NV in the top 18% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 8.42. Exmar NV's value of 23.32% is 177.1% above this benchmark. Historically, Exmar NV's own ROC (Joel Greenblatt) % has ranged from 1.17 to 58.66 over the past decade. While the company's 10-year median is 17.26 vs. the industry median of 8.42, Exmar NV 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 8.42, based on 1,000 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. Exmar NV's current ROC (Joel Greenblatt) % of 23.32% is 177.1% 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 Exmar NV and its competitors. For the Oil & Gas industry, the median ROC (Joel Greenblatt) % is 8.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Exmar NV's current ROC (Joel Greenblatt) % is 23.32%, which is 35% above median its own 10-year median of 17.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Exmar NV stock overvalued right now?
Exmar NV (CHIX:EXMB) has a current ROC (Joel Greenblatt) % of 23.32%. The stock's GF Value™ is €7.09, compared to a current price of €11.52 — trading 62.5% above its estimated fair value. The current ROC (Joel Greenblatt) % is 23.32%, which is 35% above median its 10-year median of 17.26 and 177.1% above the Oil & Gas industry median of 8.42. Exmar NV's overall GF Score™ is 61/100 with 9 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 Exmar NV (CHIX:EXMB), the current ROC (Joel Greenblatt) % is 23.32% 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 Exmar NV (CHIX:EXMB) Overvalued in 2026?
Based on GuruFocus' analysis, Exmar NV stock appears to be overvalued.
The current stock price of €11.52 is trading 62.5% above its estimated GF Value™ of €7.09.
Key valuation signals for CHIX:EXMB:
ROC (Joel Greenblatt) %: 23.32% (35% above median its 10-year median of 17.26)
GF Value™: €7.09 vs. price of €11.52 (62.5% above fair value)
Industry Position: 177.1% above the Oil & Gas median (#178 of 1000)
No single metric tells the full story. See the CHIX:EXMB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Exmar NV is a liquefied natural gas (LNG) and liquefied petroleum gas (LPG) carrier. It provides industrial marine and energy logistical solutions for transport, regasification and liquefaction within the oil and gas industry. The company has three reportable segments: Shipping, Infrastructure, and Supporting Services. The activities in the shipping segment include the transportation of liquefied gas products such as Liquid Petroleum Gas, anhydrous ammonia, and petrochemical gases. The infrastructure segment includes LNG infrastructure and Offshore, and the segment supporting services include specialized supporting services such as ship management services and travel agency services. The majority of the revenue is generated from the Shipping segment.
61GF Score
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