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CVO Petrochemical RefineryDHA:CVOPRL +0.06%38 ROC (Joel Greenblatt) % is 17.67% as of Mar. 2026, which is 529% above its 10-year median of 2.81. GuruFocus rates DHA:CVOPRL with a GF Score™ of 38/100. The stock has 3 warning signs investors should review. Among 998 Oil & Gas companies, CVO Petrochemical Refinery ranks better than 82.26% 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. CVO Petrochemical Refinery's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 17.67%.
The historical rank and industry rank for CVO Petrochemical Refinery's ROC (Joel Greenblatt) % or its related term are showing as below:
DHA:CVOPRL'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -12.55 Med: 2.81 Max: 30.62
Current: 25.85
During the past 13 years, CVO Petrochemical Refinery's highest ROC (Joel Greenblatt) % was 30.62%. The lowest was -12.55%. And the median was 2.81%.
DHA:CVOPRL's ROC (Joel Greenblatt) % is ranked better than 82.26% of 998
companies
in the Oil & Gas industry
Industry Median: 8.43
vs DHA:CVOPRL: 25.85
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.
DHA:CVOPRL vs MPC, VLO, PSX: ROC (Joel Greenblatt) % Comparison
For the Oil & Gas Refining & Marketing subindustry, CVO Petrochemical Refinery'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.
CVO Petrochemical Refinery ROC (Joel Greenblatt) % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, CVO Petrochemical Refinery's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where CVO Petrochemical Refinery'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 17.67% mean?
CVO Petrochemical Refinery (DHA:CVOPRL) has a ROC (Joel Greenblatt) % of 17.67% 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 CVO Petrochemical Refinery and its competitors. This is 529% above median its historical median of 2.81. According to the industry distribution chart, CVO Petrochemical Refinery ranks #177 out of 998 companies in the Oil & Gas industry, placing it in the top 17.7%.
Is CVO Petrochemical Refinery's ROC (Joel Greenblatt) % too high?
CVO Petrochemical Refinery's current ROC (Joel Greenblatt) % of 17.67% is 529% above median its 10-year median of 2.81. The Oil & Gas industry median ROC (Joel Greenblatt) % is 8.43. CVO Petrochemical Refinery's value of 17.67% is 109.6% above this industry median. Based on the distribution chart, CVO Petrochemical Refinery ranks #177 out of 998 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, CVO Petrochemical Refinery has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does CVO Petrochemical Refinery's ROC (Joel Greenblatt) % compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, CVO Petrochemical Refinery ranks #177 out of 998 companies for ROC (Joel Greenblatt) %. This places CVO Petrochemical Refinery in the top 18% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 8.43. CVO Petrochemical Refinery's value of 17.67% is 109.6% above this benchmark. While the company's 10-year median is 2.81 vs. the industry median of 8.43, CVO Petrochemical Refinery 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 8.43, 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. CVO Petrochemical Refinery's current ROC (Joel Greenblatt) % of 17.67% is 109.6% 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 CVO Petrochemical Refinery and its competitors. For the Oil & Gas industry, the median ROC (Joel Greenblatt) % is 8.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CVO Petrochemical Refinery's current ROC (Joel Greenblatt) % is 17.67%, which is 529% above median its own 10-year median of 2.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CVO Petrochemical Refinery stock overvalued right now?
CVO Petrochemical Refinery (DHA:CVOPRL) has a current ROC (Joel Greenblatt) % of 17.67%. The current ROC (Joel Greenblatt) % is 17.67%, which is 529% above median its 10-year median of 2.81 and 109.6% above the Oil & Gas industry median of 8.43. CVO Petrochemical Refinery's overall GF Score™ is 38/100 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 CVO Petrochemical Refinery (DHA:CVOPRL), the current ROC (Joel Greenblatt) % is 17.67% 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.
CVO Petrochemical Refinery PLC is a petrochemical company. It is engaged in the production and sale of Hydrocarbon Solvent with the use of new raw material Naphtha and also supplies fuels like Motor Spirit (MS), Mineral Turpentine (MTT), HSD (High-Speed Diesel) which it produces from Natural Gas Condensate.
38GF Score
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