QinetiQ GroupCHIX:QQL -3.26%77 ROC (Joel Greenblatt) % is 48.25% as of Mar. 2026, which is 23% above its 10-year median of 39.28. GuruFocus rates CHIX:QQL with a GF Score™ of 77/100 and a GF Value™ of £4.65 (Fairly Valued). The stock has 3 warning signs investors should review. Among 357 Aerospace & Defense companies, QinetiQ Group ranks better than 80.39% 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. QinetiQ Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 48.25%.
The historical rank and industry rank for QinetiQ Group's ROC (Joel Greenblatt) % or its related term are showing as below:
CHIX:QQl'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -16.77 Med: 39.28 Max: 56.08
Current: 38.61
During the past 13 years, QinetiQ Group's highest ROC (Joel Greenblatt) % was 56.08%. The lowest was -16.77%. And the median was 39.28%.
CHIX:QQl's ROC (Joel Greenblatt) % is ranked better than 80.39% of 357
companies
in the Aerospace & Defense industry
Industry Median: 10.76
vs CHIX:QQl: 38.61
QinetiQ Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
QinetiQ Group (CHIX:QQl) 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.
QinetiQ Group ROC (Joel Greenblatt) % Related Terms
QinetiQ Group ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for QinetiQ Group'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:QQL vs SPCX, GE, RTX: ROC (Joel Greenblatt) % Comparison
For the Aerospace & Defense subindustry, QinetiQ Group'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.
QinetiQ Group ROC (Joel Greenblatt) % vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, QinetiQ Group's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where QinetiQ Group'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 (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 48.25% mean?
QinetiQ Group (CHIX:QQL) has a ROC (Joel Greenblatt) % of 48.25% 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 QinetiQ Group and its competitors. This is 23% above median its historical median of 39.28. According to the industry distribution chart, QinetiQ Group ranks #70 out of 357 companies in the Aerospace & Defense industry, placing it in the top 19.6%.
Is QinetiQ Group's ROC (Joel Greenblatt) % too high?
QinetiQ Group's current ROC (Joel Greenblatt) % of 48.25% is 23% above median its 10-year median of 39.28. The Aerospace & Defense industry median ROC (Joel Greenblatt) % is 10.76. QinetiQ Group's value of 48.25% is 348.4% above this industry median. Based on the distribution chart, QinetiQ Group ranks #70 out of 357 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. Overall, QinetiQ Group has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does QinetiQ Group's ROC (Joel Greenblatt) % compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, QinetiQ Group ranks #70 out of 357 companies for ROC (Joel Greenblatt) %. This places QinetiQ Group in the top 20% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 10.76. QinetiQ Group's value of 48.25% is 348.4% above this benchmark. While the company's 10-year median is 39.28 vs. the industry median of 10.76, QinetiQ Group 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 Aerospace & Defense company?
The median ROC (Joel Greenblatt) % among Aerospace & Defense companies is 10.76, based on 357 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. QinetiQ Group's current ROC (Joel Greenblatt) % of 48.25% is 348.4% 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 QinetiQ Group and its competitors. For the Aerospace & Defense industry, the median ROC (Joel Greenblatt) % is 10.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. QinetiQ Group's current ROC (Joel Greenblatt) % is 48.25%, which is 23% above median its own 10-year median of 39.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is QinetiQ Group stock overvalued right now?
Based on GuruFocus' analysis, QinetiQ Group (CHIX:QQL) is currently considered Fairly Valued. The stock's GF Value™ is £4.65, compared to a current price of £4.50 — trading 3.1% below its estimated fair value. The current ROC (Joel Greenblatt) % is 48.25%, which is 23% above median its 10-year median of 39.28 and 348.4% above the Aerospace & Defense industry median of 10.76. QinetiQ Group's overall GF Score™ is 77/100 with 3 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 QinetiQ Group (CHIX:QQL), the current ROC (Joel Greenblatt) % is 48.25% 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 QinetiQ Group (CHIX:QQL) Overvalued in 2026?
Based on GuruFocus' analysis, QinetiQ Group stock appears to be undervalued.
The current stock price of £4.50 is trading 3.1% below its estimated GF Value™ of £4.65.
GuruFocus considers QinetiQ Group to be Fairly Valued.
Key valuation signals for CHIX:QQL:
ROC (Joel Greenblatt) %: 48.25% (23% above median its 10-year median of 39.28)
GF Value™: £4.65 vs. price of £4.50 (3.1% below fair value)
Industry Position: 348.4% above the Aerospace & Defense median (#70 of 357)
No single metric tells the full story. See the CHIX:QQL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
QinetiQ Group PLC is a company operating in the aerospace, defense, and security sectors. Its operating segments are EMEA Services, and Global Solutions. It generates majority of revenue from EMES Services. EMEA Services provides technical assurance, test and evaluation and training services, underpinned by long-term contracts. EMEA Services comprises business units which are not considered reportable segments as defined UK Defence, UK Intelligence and the Australia sector. Global Solutions combines all other business units not aggregated within EMEA Services. It has presence in United Kingdom (UK), United States of America (US), Australia, Home countries, Europe, and Rest of world of which majority of revenue comes from Home countries.
77GF Score
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