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. Emirates Central Cooling Systems PJSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 15.39%.
DFM:EMPOWER'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 13.7 Med: 15.37 Max: 19.38
Current: 19.38
During the past 7 years, Emirates Central Cooling Systems PJSC's highest ROC (Joel Greenblatt) % was 19.38%. The lowest was 13.70%. And the median was 15.37%.
DFM:EMPOWER's ROC (Joel Greenblatt) % is ranked better than 69.96% of 506
companies
in the Utilities - Regulated industry
Industry Median: 10.845
vs DFM:EMPOWER: 19.38
Emirates Central Cooling Systems PJSC (DFM:EMPOWER) 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.
* 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.
Emirates Central Cooling Systems PJSC ROC (Joel Greenblatt) % Chart
DFM:EMPOWER vs AWK, WTRG, AWR: ROC (Joel Greenblatt) % Comparison
For the Utilities - Regulated Water subindustry, Emirates Central Cooling Systems PJSC'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.
Emirates Central Cooling Systems PJSC ROC (Joel Greenblatt) % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Emirates Central Cooling Systems PJSC's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Emirates Central Cooling Systems PJSC's ROC (Joel Greenblatt) % falls into.
Emirates Central Cooling Systems PJSC 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 (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 15.39% mean?
Emirates Central Cooling Systems PJSC (DFM:EMPOWER) has a ROC (Joel Greenblatt) % of 15.39% 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 Emirates Central Cooling Systems PJSC and its competitors. This is near median its historical median of 15.37. Over the past decade, Emirates Central Cooling Systems PJSC's ROC (Joel Greenblatt) % has ranged from 13.70 to 19.38. According to the industry distribution chart, Emirates Central Cooling Systems PJSC ranks #152 out of 506 companies in the Utilities - Regulated industry, placing it in the top 30%.
Is Emirates Central Cooling Systems PJSC's ROC (Joel Greenblatt) % too high?
Emirates Central Cooling Systems PJSC's current ROC (Joel Greenblatt) % of 15.39% is near median its 10-year median of 15.37. Over the past 10 years, this metric has ranged from a low of 13.70 to a high of 19.38. The Utilities - Regulated industry median ROC (Joel Greenblatt) % is 10.85. Emirates Central Cooling Systems PJSC's value of 15.39% is 41.9% above this industry median. Based on the distribution chart, Emirates Central Cooling Systems PJSC ranks #152 out of 506 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Emirates Central Cooling Systems PJSC has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Emirates Central Cooling Systems PJSC's ROC (Joel Greenblatt) % compare to AWK and WTRG?
According to the Utilities - Regulated industry distribution chart, Emirates Central Cooling Systems PJSC ranks #152 out of 506 companies for ROC (Joel Greenblatt) %. This puts Emirates Central Cooling Systems PJSC in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 10.85. Emirates Central Cooling Systems PJSC's value of 15.39% is 41.9% above this benchmark. Historically, Emirates Central Cooling Systems PJSC's own ROC (Joel Greenblatt) % has ranged from 13.70 to 19.38 over the past decade. While the company's 10-year median is 15.37 vs. the industry median of 10.85, Emirates Central Cooling Systems PJSC 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 Utilities - Regulated company?
The median ROC (Joel Greenblatt) % among Utilities - Regulated companies is 10.85, based on 506 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. Emirates Central Cooling Systems PJSC's current ROC (Joel Greenblatt) % of 15.39% is 41.9% 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 Emirates Central Cooling Systems PJSC and its competitors. For the Utilities - Regulated industry, the median ROC (Joel Greenblatt) % is 10.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Emirates Central Cooling Systems PJSC's current ROC (Joel Greenblatt) % is 15.39%, which is near median its own 10-year median of 15.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emirates Central Cooling Systems PJSC stock overvalued right now?
Based on GuruFocus' analysis, Emirates Central Cooling Systems PJSC (DFM:EMPOWER) is currently considered Modestly Undervalued. The stock's GF Value™ is د.إ1.86, compared to a current price of د.إ1.68 — trading 9.7% below its estimated fair value. The current ROC (Joel Greenblatt) % is 15.39%, which is near median its 10-year median of 15.37 and 41.9% above the Utilities - Regulated industry median of 10.85. Emirates Central Cooling Systems PJSC's overall GF Score™ is 79/100 with 5 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 Emirates Central Cooling Systems PJSC (DFM:EMPOWER), the current ROC (Joel Greenblatt) % is 15.39% 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 Emirates Central Cooling Systems PJSC (DFM:EMPOWER) Overvalued in 2026?
Based on GuruFocus' analysis, Emirates Central Cooling Systems PJSC stock appears to be undervalued.
The current stock price of د.إ1.68 is trading 9.7% below its estimated GF Value™ of د.إ1.86.
GuruFocus considers Emirates Central Cooling Systems PJSC to be Modestly Undervalued.
Key valuation signals for DFM:EMPOWER:
ROC (Joel Greenblatt) %: 15.39% (near median its 10-year median of 15.37)
GF Value™: د.إ1.86 vs. price of د.إ1.68 (9.7% below fair value)
Industry Position: 41.9% above the Utilities - Regulated median (#152 of 506)
No single metric tells the full story. See the DFM:EMPOWER stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Emirates Central Cooling Systems PJSC Business Description
Emirates Central Cooling Systems Corp PJSC offers district cooling services, and management, operation, and maintenance of central cooling plants and related distribution networks. The group has two operating and reportable segments: Chilled water and Pre-insulated pipe business. The majority of its revenue is generated from the Chilled water segment, which constructs, owns, assembles, installs, operates, and maintains cooling and conditioning systems. In addition, it distributes and sells chilled water for use in district cooling technologies. The Pre-insulated pipe business is involved in manufacturing, assembling, and selling activities relating to the expansion of the group's chilled water business. Geographically, the group generates all of its revenue from the United Arab Emirates.
79GF Score
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