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Western Marine ShipyardDHA:WMSHIPYARD -2.00%76 ROC (Joel Greenblatt) % is 1.51% as of Jun. 2025, which is 54% below its 10-year median of 3.26. GuruFocus rates DHA:WMSHIPYARD with a GF Score™ of 76/100 and a GF Value™ of BDT13.05 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 358 Aerospace & Defense companies, Western Marine Shipyard ranks worse than 68.44% 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. Western Marine Shipyard's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2025 was 1.51%.
The historical rank and industry rank for Western Marine Shipyard's ROC (Joel Greenblatt) % or its related term are showing as below:
DHA:WMSHIPYARD'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.33 Med: 3.26 Max: 7.72
Current: 1.51
During the past 11 years, Western Marine Shipyard's highest ROC (Joel Greenblatt) % was 7.72%. The lowest was 1.33%. And the median was 3.26%.
DHA:WMSHIPYARD's ROC (Joel Greenblatt) % is ranked worse than 68.44% of 358
companies
in the Aerospace & Defense industry
Industry Median: 10.72
vs DHA:WMSHIPYARD: 1.51
Western Marine Shipyard's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -15.10% per year.
Western Marine Shipyard (DHA:WMSHIPYARD) 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.
Western Marine Shipyard ROC (Joel Greenblatt) % Related Terms
Western Marine Shipyard ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Western Marine Shipyard'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.
Western Marine Shipyard ROC (Joel Greenblatt) % Chart
DHA:WMSHIPYARD vs SPCX, GE, RTX: ROC (Joel Greenblatt) % Comparison
For the Aerospace & Defense subindustry, Western Marine Shipyard'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.
Western Marine Shipyard ROC (Joel Greenblatt) % vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Western Marine Shipyard's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Western Marine Shipyard's ROC (Joel Greenblatt) % falls into.
Western Marine Shipyard 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 one times the annual (Jun. 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 1.51% mean?
Western Marine Shipyard (DHA:WMSHIPYARD) has a ROC (Joel Greenblatt) % of 1.51% as of Jun. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Western Marine Shipyard and its competitors. This is 54% below median its historical median of 3.26. Over the past decade, Western Marine Shipyard's ROC (Joel Greenblatt) % has ranged from 1.33 to 7.72. According to the industry distribution chart, Western Marine Shipyard ranks #245 out of 358 companies in the Aerospace & Defense industry, placing it in the top 68.4%.
Is Western Marine Shipyard's ROC (Joel Greenblatt) % too high?
Western Marine Shipyard's current ROC (Joel Greenblatt) % of 1.51% is 54% below median its 10-year median of 3.26. Over the past 10 years, this metric has ranged from a low of 1.33 to a high of 7.72. The Aerospace & Defense industry median ROC (Joel Greenblatt) % is 10.72. Western Marine Shipyard's value of 1.51% is 85.9% below this industry median. Based on the distribution chart, Western Marine Shipyard ranks #245 out of 358 companies in the Aerospace & Defense industry, which is below the industry midpoint. Overall, Western Marine Shipyard has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Western Marine Shipyard's ROC (Joel Greenblatt) % compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Western Marine Shipyard ranks #245 out of 358 companies for ROC (Joel Greenblatt) %. This places Western Marine Shipyard in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 10.72. Western Marine Shipyard's value of 1.51% is 85.9% below this benchmark. Historically, Western Marine Shipyard's own ROC (Joel Greenblatt) % has ranged from 1.33 to 7.72 over the past decade. While the company's 10-year median is 3.26 vs. the industry median of 10.72, Western Marine Shipyard has consistently been below 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 10.72, based on 358 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. Western Marine Shipyard's current ROC (Joel Greenblatt) % of 1.51% is 85.9% below 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 Western Marine Shipyard and its competitors. For the Aerospace & Defense industry, the median ROC (Joel Greenblatt) % is 10.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Western Marine Shipyard's current ROC (Joel Greenblatt) % is 1.51%, which is 54% below median its own 10-year median of 3.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Western Marine Shipyard stock overvalued right now?
Based on GuruFocus' analysis, Western Marine Shipyard (DHA:WMSHIPYARD) is currently considered Modestly Undervalued. The stock's GF Value™ is BDT13.05, compared to a current price of BDT9.80 — trading 24.9% below its estimated fair value. The current ROC (Joel Greenblatt) % is 1.51%, which is 54% below median its 10-year median of 3.26 and 85.9% below the Aerospace & Defense industry median of 10.72. Western Marine Shipyard's overall GF Score™ is 76/100 with 8 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 Western Marine Shipyard (DHA:WMSHIPYARD), the current ROC (Joel Greenblatt) % is 1.51% as of Jun. 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.
Is Western Marine Shipyard (DHA:WMSHIPYARD) Overvalued in 2026?
Based on GuruFocus' analysis, Western Marine Shipyard stock appears to be undervalued.
The current stock price of BDT9.80 is trading 24.9% below its estimated GF Value™ of BDT13.05.
GuruFocus considers Western Marine Shipyard to be Modestly Undervalued.
Key valuation signals for DHA:WMSHIPYARD:
ROC (Joel Greenblatt) %: 1.51% (54% below median its 10-year median of 3.26)
GF Value™: BDT13.05 vs. price of BDT9.80 (24.9% below fair value)
Industry Position: 85.9% below the Aerospace & Defense median (#245 of 358)
No single metric tells the full story. See the DHA:WMSHIPYARD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Western Marine Shipyard Ltd is a public limited company engaged in shipbuilding and related marine engineering activities and operates as an export-oriented shipyard in Bangladesh. The Company specializes in the construction of various vessels, including multi-purpose cargo ships, inland container vessels, inland tankers, passenger ships, Ro-Ro ferries, port utility vessels, tugs, offshore petroleum vessels, fishing trawlers, barges, dredgers, and landing crafts. Its activities mainly comprise new shipbuilding for domestic use and for export markets, supported by in-house ship design facilities and shipyard operations. The Company operates in Bangladesh and has exported vessels to countries such as Germany, Norway, Ecuador, New Zealand, and Kenya, as well as serving domestic clients.
76GF Score
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