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Comet RidgeCOMRF 34 ROC (Joel Greenblatt) % is -1.50% as of Dec. 2025. GuruFocus rates COMRF with a GF Score™ of 34/100. The stock has 1 warning sign investors should review. Among 998 Oil & Gas companies, Comet Ridge ranks worse than 69.74% 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. Comet Ridge's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -1.50%.
The historical rank and industry rank for Comet Ridge's ROC (Joel Greenblatt) % or its related term are showing as below:
COMRF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -15.24 Med: -7.78 Max: -0.28
Current: -1.76
During the past 13 years, Comet Ridge's highest ROC (Joel Greenblatt) % was -0.28%. The lowest was -15.24%. And the median was -7.78%.
COMRF's ROC (Joel Greenblatt) % is ranked worse than 69.74% of 998
companies
in the Oil & Gas industry
Industry Median: 8.505
vs COMRF: -1.76
Comet Ridge's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 48.30% 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.
Comet Ridge ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Comet Ridge'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.
COMRF vs COP, EOG, FANG: ROC (Joel Greenblatt) % Comparison
For the Oil & Gas E&P subindustry, Comet Ridge'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.
Comet Ridge ROC (Joel Greenblatt) % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Comet Ridge's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Comet Ridge'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 -1.50% mean?
Comet Ridge (COMRF) has a ROC (Joel Greenblatt) % of -1.50% 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 Comet Ridge and its competitors. According to the industry distribution chart, Comet Ridge ranks #696 out of 998 companies in the Oil & Gas industry, placing it in the top 69.7%.
Is Comet Ridge's ROC (Joel Greenblatt) % too high?
Comet Ridge's current ROC (Joel Greenblatt) % is -1.50%. Based on the distribution chart, Comet Ridge ranks #696 out of 998 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Comet Ridge has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does Comet Ridge's ROC (Joel Greenblatt) % compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Comet Ridge ranks #696 out of 998 companies for ROC (Joel Greenblatt) %. This places Comet Ridge in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 8.51. 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 8.51, based on 998 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. 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 Comet Ridge and its competitors. For the Oil & Gas industry, the median ROC (Joel Greenblatt) % is 8.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Comet Ridge's current ROC (Joel Greenblatt) % is -1.50%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Comet Ridge stock overvalued right now?
Comet Ridge (COMRF) has a current ROC (Joel Greenblatt) % of -1.50%. The current ROC (Joel Greenblatt) % is -1.50%. Comet Ridge's overall GF Score™ is 34/100 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 Comet Ridge (COMRF), the current ROC (Joel Greenblatt) % is -1.50% 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.
Comet Ridge Ltd is an Australian energy company focused on the development of natural gas for the supply-constrained east coast Australian market. It has tenement interests and a suite of prospective projects in Queensland. The company's flagship Mahalo Gas Hub area (Mahalo Gas Project) consists of high-quality natural gas resources with low CO2 and competitive production costs. The Mahalo Gas Hub contains gross 2P (Reserves) and 2C (Contingent Resources) of 676 Petajoules close to the Gladstone LNG export and domestic market precinct, as well as gas transport infrastructure. Additionally, the company also holds various permits in the eastern part of the Galilee Basin, and an exploration licence (PEL 427), in the northern Gunnedah Basin, New South Wales.
34GF Score
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