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Energizer HoldingsENR +0.38%64 ROC (Joel Greenblatt) % is 24.95% as of Mar. 2026, which is 35% below its 10-year median of 38.12. GuruFocus rates ENR with a GF Score™ of 64/100 and a GF Value™ of $31.70 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 3,066 Industrial Products companies, Energizer Holdings ranks better than 84.9% 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. Energizer Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 24.95%.
The historical rank and industry rank for Energizer Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
ENR'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -15.13 Med: 38.12 Max: 110.78
Current: 38.98
During the past 13 years, Energizer Holdings's highest ROC (Joel Greenblatt) % was 110.78%. The lowest was -15.13%. And the median was 38.12%.
ENR's ROC (Joel Greenblatt) % is ranked better than 84.9% of 3066
companies
in the Industrial Products industry
Industry Median: 11.745
vs ENR: 38.98
Energizer Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% 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.
Energizer Holdings ROC (Joel Greenblatt) % Related Terms
Energizer Holdings ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Energizer Holdings'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.
ENR vs TE, PLPC, AMPX: ROC (Joel Greenblatt) % Comparison
For the Electrical Equipment & Parts subindustry, Energizer Holdings'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.
Energizer Holdings ROC (Joel Greenblatt) % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Energizer Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Energizer Holdings'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 24.95% mean?
Energizer Holdings (ENR) has a ROC (Joel Greenblatt) % of 24.95% 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 Energizer Holdings and its competitors. This is 35% below median its historical median of 38.12. According to the industry distribution chart, Energizer Holdings ranks #463 out of 3066 companies in the Industrial Products industry, placing it in the top 15.1%.
Is Energizer Holdings' ROC (Joel Greenblatt) % too high?
Energizer Holdings' current ROC (Joel Greenblatt) % of 24.95% is 35% below median its 10-year median of 38.12. The Industrial Products industry median ROC (Joel Greenblatt) % is 11.75. Energizer Holdings' value of 24.95% is 112.4% above this industry median. Based on the distribution chart, Energizer Holdings ranks #463 out of 3066 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Energizer Holdings has a GF Score™ of 64/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Energizer Holdings' ROC (Joel Greenblatt) % compare to TE and PLPC?
According to the Industrial Products industry distribution chart, Energizer Holdings ranks #463 out of 3066 companies for ROC (Joel Greenblatt) %. This places Energizer Holdings in the top 15% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.75. Energizer Holdings' value of 24.95% is 112.4% above this benchmark. While the company's 10-year median is 38.12 vs. the industry median of 11.75, Energizer Holdings 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 Industrial Products company?
The median ROC (Joel Greenblatt) % among Industrial Products companies is 11.75, based on 3,066 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. Energizer Holdings's current ROC (Joel Greenblatt) % of 24.95% is 112.4% 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 Energizer Holdings and its competitors. For the Industrial Products industry, the median ROC (Joel Greenblatt) % is 11.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Energizer Holdings's current ROC (Joel Greenblatt) % is 24.95%, which is 35% below median its own 10-year median of 38.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Energizer Holdings stock overvalued right now?
Based on GuruFocus' analysis, Energizer Holdings (ENR) is currently considered Possible Value Trap. The stock's GF Value™ is $31.70, compared to a current price of $21.04 — trading 33.6% below its estimated fair value. The current ROC (Joel Greenblatt) % is 24.95%, which is 35% below median its 10-year median of 38.12 and 112.4% above the Industrial Products industry median of 11.75. Energizer Holdings' overall GF Score™ is 64/100 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 Energizer Holdings (ENR), the current ROC (Joel Greenblatt) % is 24.95% 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 Energizer Holdings (ENR) Overvalued in 2026?
Based on GuruFocus' analysis, Energizer Holdings stock appears to be undervalued.
The current stock price of $21.04 is trading 33.6% below its estimated GF Value™ of $31.70.
GuruFocus considers Energizer Holdings to be Possible Value Trap.
Key valuation signals for ENR:
ROC (Joel Greenblatt) %: 24.95% (35% below median its 10-year median of 38.12)
GF Value™: $31.70 vs. price of $21.04 (33.6% below fair value)
Industry Position: 112.4% above the Industrial Products median (#463 of 3066)
No single metric tells the full story. See the ENR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Energizer Holdings Inc. manufactures and distributes household batteries, specialty batteries, and lighting products. The company offers batteries using lithium, alkaline, carbon zinc, nickel metal hydride, zinc air, and silver oxide technologies, sold under the Energizer, Rayovac, Varta, and Eveready brands across performance and premium price segments. It also provides auto care products in the appearance, fragrance, performance, and air conditioning recharge categories. Energizer operates through two geographical segments, the United States and International, with the majority of its revenue generated in the United States. It has two product segments: Batteries and Lights and Auto Care, with the Batteries and Lights segment contributing the majority of its revenue.
64GF Score
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