EMCOR GroupEME -0.21%94 ROC (Joel Greenblatt) % is 215.79% as of Mar. 2026, which is 32% above its 10-year median of 163.30. GuruFocus rates EME with a GF Score™ of 94/100 and a GF Value™ of $562.06 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,779 Construction companies, EMCOR Group ranks better than 94.32% 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. EMCOR Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 215.79%.
The historical rank and industry rank for EMCOR Group's ROC (Joel Greenblatt) % or its related term are showing as below:
EME'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 49.4 Med: 163.3 Max: 285.16
Current: 267.62
During the past 13 years, EMCOR Group's highest ROC (Joel Greenblatt) % was 285.16%. The lowest was 49.40%. And the median was 163.30%.
EME's ROC (Joel Greenblatt) % is ranked better than 94.32% of 1779
companies
in the Construction industry
Industry Median: 19.59
vs EME: 267.62
EMCOR Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 39.10% per year.
EMCOR Group (NYSE:EME) 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.
EMCOR Group ROC (Joel Greenblatt) % Historical Data
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The historical data trend for EMCOR Group'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.
EME vs MTZ, STRL, APG: ROC (Joel Greenblatt) % Comparison
For the Engineering & Construction subindustry, EMCOR Group'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.
EMCOR Group ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, EMCOR Group's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where EMCOR Group'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 215.79% mean?
EMCOR Group (EME) has a ROC (Joel Greenblatt) % of 215.79% 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 EMCOR Group and its competitors. This is 32% above median its historical median of 163.30. Over the past decade, EMCOR Group's ROC (Joel Greenblatt) % has ranged from 49.40 to 285.16. According to the industry distribution chart, EMCOR Group ranks #101 out of 1779 companies in the Construction industry, placing it in the top 5.7%.
Is EMCOR Group's ROC (Joel Greenblatt) % too high?
EMCOR Group's current ROC (Joel Greenblatt) % of 215.79% is 32% above median its 10-year median of 163.30. Over the past 10 years, this metric has ranged from a low of 49.40 to a high of 285.16. The Construction industry median ROC (Joel Greenblatt) % is 19.59. EMCOR Group's value of 215.79% is 1001.5% above this industry median. Based on the distribution chart, EMCOR Group ranks #101 out of 1779 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, EMCOR Group has a GF Score™ of 94/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does EMCOR Group's ROC (Joel Greenblatt) % compare to MTZ and STRL?
According to the Construction industry distribution chart, EMCOR Group ranks #101 out of 1779 companies for ROC (Joel Greenblatt) %. This places EMCOR Group in the top 6% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 19.59. EMCOR Group's value of 215.79% is 1001.5% above this benchmark. Historically, EMCOR Group's own ROC (Joel Greenblatt) % has ranged from 49.40 to 285.16 over the past decade. While the company's 10-year median is 163.30 vs. the industry median of 19.59, EMCOR Group 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 a Construction company?
The median ROC (Joel Greenblatt) % among Construction companies is 19.59, based on 1,779 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. EMCOR Group's current ROC (Joel Greenblatt) % of 215.79% is 1001.5% 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 EMCOR Group and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. EMCOR Group's current ROC (Joel Greenblatt) % is 215.79%, which is 32% above median its own 10-year median of 163.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EMCOR Group stock overvalued right now?
Based on GuruFocus' analysis, EMCOR Group (EME) is currently considered Significantly Overvalued. The stock's GF Value™ is $562.06, compared to a current price of $781.78 — trading 39.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 215.79%, which is 32% above median its 10-year median of 163.30 and 1001.5% above the Construction industry median of 19.59. EMCOR Group's overall GF Score™ is 94/100 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 EMCOR Group (EME), the current ROC (Joel Greenblatt) % is 215.79% 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 EMCOR Group (EME) Overvalued in 2026?
Based on GuruFocus' analysis, EMCOR Group stock appears to be overvalued.
The current stock price of $781.78 is trading 39.1% above its estimated GF Value™ of $562.06.
GuruFocus considers EMCOR Group to be Significantly Overvalued.
Key valuation signals for EME:
ROC (Joel Greenblatt) %: 215.79% (32% above median its 10-year median of 163.30)
GF Value™: $562.06 vs. price of $781.78 (39.1% above fair value)
Industry Position: 1001.5% above the Construction median (#101 of 1779)
No single metric tells the full story. See the EME stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
EMCOR Group Inc is a specialty contractor in the United States and a provider of electrical and mechanical construction and facilities services, building services, and industrial services. Its services are provided to a broad range of commercial, technology, manufacturing, industrial, healthcare, utility, and institutional customers through approximately 100 operating subsidiaries. The company's operating subsidiaries are organized into reportable segments: United States mechanical construction and facilities services, which derives key revenue; United States electrical construction and facilities services; United States building services; United States industrial services; and United Kingdom building services. Geographically, its key revenue is derived from the United States.
94GF Score
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