CMB.Tech NVCMBT +3.63%84 ROC (Joel Greenblatt) % is 24.58% as of Mar. 2026, which is 187% above its 10-year median of 8.55. GuruFocus rates CMBT with a GF Score™ of 84/100 and a GF Value™ of $18.33 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 999 Oil & Gas companies, CMB.Tech NV ranks better than 59.36% 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. CMB.Tech NV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 24.58%.
The historical rank and industry rank for CMB.Tech NV's ROC (Joel Greenblatt) % or its related term are showing as below:
CMBT'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -8.64 Med: 8.55 Max: 32.35
Current: 11.54
During the past 13 years, CMB.Tech NV's highest ROC (Joel Greenblatt) % was 32.35%. The lowest was -8.64%. And the median was 8.55%.
CMBT's ROC (Joel Greenblatt) % is ranked better than 59.36% of 999
companies
in the Oil & Gas industry
Industry Median: 8.41
vs CMBT: 11.54
CMB.Tech NV'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.
CMB.Tech NV ROC (Joel Greenblatt) % Historical Data
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The historical data trend for CMB.Tech 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.
CMBT vs WMB, EPD, KMI: ROC (Joel Greenblatt) % Comparison
For the Oil & Gas Midstream subindustry, CMB.Tech 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.
CMB.Tech NV ROC (Joel Greenblatt) % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, CMB.Tech NV's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where CMB.Tech 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 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 24.58% mean?
CMB.Tech NV (CMBT) has a ROC (Joel Greenblatt) % of 24.58% 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 CMB.Tech NV and its competitors. This is 187% above median its historical median of 8.55. According to the industry distribution chart, CMB.Tech NV ranks #406 out of 999 companies in the Oil & Gas industry, placing it in the top 40.6%.
Is CMB.Tech NV's ROC (Joel Greenblatt) % too high?
CMB.Tech NV's current ROC (Joel Greenblatt) % of 24.58% is 187% above median its 10-year median of 8.55. The Oil & Gas industry median ROC (Joel Greenblatt) % is 8.41. CMB.Tech NV's value of 24.58% is 192.3% above this industry median. Based on the distribution chart, CMB.Tech NV ranks #406 out of 999 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, CMB.Tech NV has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CMB.Tech NV's ROC (Joel Greenblatt) % compare to WMB and EPD?
According to the Oil & Gas industry distribution chart, CMB.Tech NV ranks #406 out of 999 companies for ROC (Joel Greenblatt) %. This puts CMB.Tech NV in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 8.41. CMB.Tech NV's value of 24.58% is 192.3% above this benchmark. While the company's 10-year median is 8.55 vs. the industry median of 8.41, CMB.Tech 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 8.41, based on 999 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. CMB.Tech NV's current ROC (Joel Greenblatt) % of 24.58% is 192.3% 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 CMB.Tech NV and its competitors. For the Oil & Gas industry, the median ROC (Joel Greenblatt) % is 8.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CMB.Tech NV's current ROC (Joel Greenblatt) % is 24.58%, which is 187% above median its own 10-year median of 8.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CMB.Tech NV stock overvalued right now?
Based on GuruFocus' analysis, CMB.Tech NV (CMBT) is currently considered Modestly Undervalued. The stock's GF Value™ is $18.33, compared to a current price of $14.56 — trading 20.6% below its estimated fair value. The current ROC (Joel Greenblatt) % is 24.58%, which is 187% above median its 10-year median of 8.55 and 192.3% above the Oil & Gas industry median of 8.41. CMB.Tech NV's overall GF Score™ is 84/100 with 7 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 CMB.Tech NV (CMBT), the current ROC (Joel Greenblatt) % is 24.58% 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 CMB.Tech NV (CMBT) Overvalued in 2026?
Based on GuruFocus' analysis, CMB.Tech NV stock appears to be undervalued.
The current stock price of $14.56 is trading 20.6% below its estimated GF Value™ of $18.33.
GuruFocus considers CMB.Tech NV to be Modestly Undervalued.
Key valuation signals for CMBT:
ROC (Joel Greenblatt) %: 24.58% (187% above median its 10-year median of 8.55)
GF Value™: $18.33 vs. price of $14.56 (20.6% below fair value)
Industry Position: 192.3% above the Oil & Gas median (#406 of 999)
No single metric tells the full story. See the CMBT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CMB.Tech NV owns and operates a fleet of vessels for international maritime shipping and storage of crude oil and petroleum products. It generate a large parts of their revenue from voyage charters, including vessels in pools that predominantly perform voyage charters. The company organizes itself into three divisons: the Marine division, the H2 Infra division and the H2 Industry division. The Marine Division derives maximum revenue which builds, owns, operates and designs a wide range of low and zerocarbon ships and features a fleet with vessels such as Crew Transfer Vessels, ferries, Commissioning Service Operations Vessels, and tugboats, alongside ammonia-powered large bulk carriers, container ships, chemical and crude oil tankers.
84GF Score
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