Elia Group/NVELIAF 78 ROC (Joel Greenblatt) % is 5.01% as of Dec. 2025, which is 17% below its 10-year median of 6.01. GuruFocus rates ELIAF with a GF Score™ of 78/100 and a GF Value™ of $103.88 (Significantly Overvalued). The stock has 12 warning signs investors should review. Among 505 Utilities - Regulated companies, Elia Group/NV ranks worse than 74.65% 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. Elia Group/NV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 5.01%.
The historical rank and industry rank for Elia Group/NV's ROC (Joel Greenblatt) % or its related term are showing as below:
ELIAF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.21 Med: 6.01 Max: 10.57
Current: 5.92
During the past 13 years, Elia Group/NV's highest ROC (Joel Greenblatt) % was 10.57%. The lowest was 5.21%. And the median was 6.01%.
ELIAF's ROC (Joel Greenblatt) % is ranked worse than 74.65% of 505
companies
in the Utilities - Regulated industry
Industry Median: 10.78
vs ELIAF: 5.92
Elia Group/NV's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 1.70% 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.
Elia Group/NV ROC (Joel Greenblatt) % Related Terms
Elia Group/NV ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Elia Group/NV'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.
ELIAF vs NEE, SO, DUK: ROC (Joel Greenblatt) % Comparison
For the Utilities - Regulated Electric subindustry, Elia Group/NV'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.
Elia Group/NV ROC (Joel Greenblatt) % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Elia Group/NV's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Elia Group/NV'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 5.01% mean?
Elia Group/NV (ELIAF) has a ROC (Joel Greenblatt) % of 5.01% 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 Elia Group/NV and its competitors. This is 17% below median its historical median of 6.01. Over the past decade, Elia Group/NV's ROC (Joel Greenblatt) % has ranged from 5.21 to 10.57. According to the industry distribution chart, Elia Group/NV ranks #377 out of 505 companies in the Utilities - Regulated industry, placing it in the top 74.7%.
Is Elia Group/NV's ROC (Joel Greenblatt) % too high?
Elia Group/NV's current ROC (Joel Greenblatt) % of 5.01% is 17% below median its 10-year median of 6.01. Over the past 10 years, this metric has ranged from a low of 5.21 to a high of 10.57. The Utilities - Regulated industry median ROC (Joel Greenblatt) % is 10.78. Elia Group/NV's value of 5.01% is 53.5% below this industry median. Based on the distribution chart, Elia Group/NV ranks #377 out of 505 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Elia Group/NV has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Elia Group/NV's ROC (Joel Greenblatt) % compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Elia Group/NV ranks #377 out of 505 companies for ROC (Joel Greenblatt) %. This places Elia Group/NV in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 10.78. Elia Group/NV's value of 5.01% is 53.5% below this benchmark. Historically, Elia Group/NV's own ROC (Joel Greenblatt) % has ranged from 5.21 to 10.57 over the past decade. While the company's 10-year median is 6.01 vs. the industry median of 10.78, Elia Group/NV 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 Utilities - Regulated company?
The median ROC (Joel Greenblatt) % among Utilities - Regulated companies is 10.78, based on 505 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. Elia Group/NV's current ROC (Joel Greenblatt) % of 5.01% is 53.5% 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 Elia Group/NV and its competitors. For the Utilities - Regulated industry, the median ROC (Joel Greenblatt) % is 10.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elia Group/NV's current ROC (Joel Greenblatt) % is 5.01%, which is 17% below median its own 10-year median of 6.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elia Group/NV stock overvalued right now?
Based on GuruFocus' analysis, Elia Group/NV (ELIAF) is currently considered Significantly Overvalued. The stock's GF Value™ is $103.88, compared to a current price of $154.75 — trading 49% above its estimated fair value. The current ROC (Joel Greenblatt) % is 5.01%, which is 17% below median its 10-year median of 6.01 and 53.5% below the Utilities - Regulated industry median of 10.78. Elia Group/NV's overall GF Score™ is 78/100 with 12 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 Elia Group/NV (ELIAF), the current ROC (Joel Greenblatt) % is 5.01% 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.
Is Elia Group/NV (ELIAF) Overvalued in 2026?
Based on GuruFocus' analysis, Elia Group/NV stock appears to be overvalued.
The current stock price of $154.75 is trading 49% above its estimated GF Value™ of $103.88.
GuruFocus considers Elia Group/NV to be Significantly Overvalued.
Key valuation signals for ELIAF:
ROC (Joel Greenblatt) %: 5.01% (17% below median its 10-year median of 6.01)
GF Value™: $103.88 vs. price of $154.75 (49% above fair value)
Industry Position: 53.5% below the Utilities - Regulated median (#377 of 505)
No single metric tells the full story. See the ELIAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Elia Group SA/NV is a utility company that owns and develops electric grids in Central Europe. Elia maintains and operates high-voltage equipment and infrastructure projects, such as power lines, cables, and transformers. The company mainly generates revenue by serving as the electricity transmission system operator in both Germany and Belgium, where it provides electric grid usage. These countries also house many of the firm's energy infrastructure investments. Elia's operating segments are: 50Hertz Transmission Germany, which derives maximum revenue, Elia Transmission Belgium, and Non-regulated activities and Nemo Link. Geographically, it generates maximum revenue from Germany, and the rest from Belgium, Other EU countries, North America, and Asia and Africa.
78GF Score
Get the complete analysis for ELIAF
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ELIAF has been successfully added to your 
