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Coda Octopus GroupCODA -1.47%90 ROC (Joel Greenblatt) % is 33.46% as of Apr. 2026, which is 6% above its 10-year median of 31.44. GuruFocus rates CODA with a GF Score™ of 90/100 and a GF Value™ of $10.15 (Fairly Valued). The stock has 1 warning sign investors should review. Among 357 Aerospace & Defense companies, Coda Octopus Group ranks better than 71.15% 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. Coda Octopus Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was 33.46%.
The historical rank and industry rank for Coda Octopus Group's ROC (Joel Greenblatt) % or its related term are showing as below:
CODA'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 16.52 Med: 31.44 Max: 76.78
Current: 28.73
During the past 13 years, Coda Octopus Group's highest ROC (Joel Greenblatt) % was 76.78%. The lowest was 16.52%. And the median was 31.44%.
CODA's ROC (Joel Greenblatt) % is ranked better than 71.15% of 357
companies
in the Aerospace & Defense industry
Industry Median: 10.76
vs CODA: 28.73
Coda Octopus Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -6.50% per year.
Coda Octopus Group (NAS:CODA) 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.
Coda Octopus Group ROC (Joel Greenblatt) % Related Terms
Coda Octopus Group ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Coda Octopus 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.
CODA vs VWAV, HOVR, OPXS: ROC (Joel Greenblatt) % Comparison
For the Aerospace & Defense subindustry, Coda Octopus 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.
Coda Octopus Group ROC (Joel Greenblatt) % vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Coda Octopus Group's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Coda Octopus Group's ROC (Joel Greenblatt) % falls into.
Coda Octopus Group 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 (Apr. 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 33.46% mean?
Coda Octopus Group (CODA) has a ROC (Joel Greenblatt) % of 33.46% as of Apr. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Coda Octopus Group and its competitors. This is near median its historical median of 31.44. Over the past decade, Coda Octopus Group's ROC (Joel Greenblatt) % has ranged from 16.52 to 76.78. According to the industry distribution chart, Coda Octopus Group ranks #103 out of 357 companies in the Aerospace & Defense industry, placing it in the top 28.9%.
Is Coda Octopus Group's ROC (Joel Greenblatt) % too high?
Coda Octopus Group's current ROC (Joel Greenblatt) % of 33.46% is near median its 10-year median of 31.44. Over the past 10 years, this metric has ranged from a low of 16.52 to a high of 76.78. The Aerospace & Defense industry median ROC (Joel Greenblatt) % is 10.76. Coda Octopus Group's value of 33.46% is 211% above this industry median. Based on the distribution chart, Coda Octopus Group ranks #103 out of 357 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Coda Octopus Group has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Coda Octopus Group's ROC (Joel Greenblatt) % compare to VWAV and HOVR?
According to the Aerospace & Defense industry distribution chart, Coda Octopus Group ranks #103 out of 357 companies for ROC (Joel Greenblatt) %. This puts Coda Octopus Group in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 10.76. Coda Octopus Group's value of 33.46% is 211% above this benchmark. Historically, Coda Octopus Group's own ROC (Joel Greenblatt) % has ranged from 16.52 to 76.78 over the past decade. While the company's 10-year median is 31.44 vs. the industry median of 10.76, Coda Octopus 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. Coda Octopus Group's current ROC (Joel Greenblatt) % of 33.46% is 211% 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 Coda Octopus 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. Coda Octopus Group's current ROC (Joel Greenblatt) % is 33.46%, which is near median its own 10-year median of 31.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coda Octopus Group stock overvalued right now?
Based on GuruFocus' analysis, Coda Octopus Group (CODA) is currently considered Fairly Valued. The stock's GF Value™ is $10.15, compared to a current price of $10.05 — trading 1% below its estimated fair value. The current ROC (Joel Greenblatt) % is 33.46%, which is near median its 10-year median of 31.44 and 211% above the Aerospace & Defense industry median of 10.76. Coda Octopus Group's overall GF Score™ is 90/100 with 1 warning sign 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 Coda Octopus Group (CODA), the current ROC (Joel Greenblatt) % is 33.46% as of Apr. 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 Coda Octopus Group (CODA) Overvalued in 2026?
Based on GuruFocus' analysis, Coda Octopus Group stock appears to be undervalued.
The current stock price of $10.05 is trading 1% below its estimated GF Value™ of $10.15.
GuruFocus considers Coda Octopus Group to be Fairly Valued.
Key valuation signals for CODA:
ROC (Joel Greenblatt) %: 33.46% (near median its 10-year median of 31.44)
GF Value™: $10.15 vs. price of $10.05 (1% below fair value)
Industry Position: 211% above the Aerospace & Defense median (#103 of 357)
No single metric tells the full story. See the CODA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Coda Octopus Group Inc develops underwater technologies and equipment for imaging, mapping defense, and survey applications. The company operates in three distinct business segments: the Marine Technology business, Acoustic Sensors and Material Business and the Defense Engineering Services Business. Its geographical segments are the Americas, Europe, Australia/Asia, and the Middle East/Africa. The majority of revenue is derived from the Products segment.
90GF Score
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