Erdene Resource DevelopmentERDCF +1.23%32 ROC (Joel Greenblatt) % is 467.41% as of Mar. 2026. GuruFocus rates ERDCF with a GF Score™ of 32/100. The stock has 1 warning sign investors should review. Among 2,498 Metals & Mining companies, Erdene Resource Development ranks better than 91.39% 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. Erdene Resource Development's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 467.41%.
The historical rank and industry rank for Erdene Resource Development's ROC (Joel Greenblatt) % or its related term are showing as below:
ERDCF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -283.92 Med: -35.65 Max: 32.46
Current: 32.46
During the past 13 years, Erdene Resource Development's highest ROC (Joel Greenblatt) % was 32.46%. The lowest was -283.92%. And the median was -35.65%.
ERDCF's ROC (Joel Greenblatt) % is ranked better than 91.39% of 2498
companies
in the Metals & Mining industry
Industry Median: -22.435
vs ERDCF: 32.46
Erdene Resource Development (OTCPK:ERDCF) 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.
* 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.
Erdene Resource Development ROC (Joel Greenblatt) % Chart
Erdene Resource Development ROC (Joel Greenblatt) % Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Erdene Resource Development'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.
Erdene Resource Development ROC (Joel Greenblatt) % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Erdene Resource Development's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Erdene Resource Development's ROC (Joel Greenblatt) % falls into.
Erdene Resource Development 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 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 467.41% mean?
Erdene Resource Development (ERDCF) has a ROC (Joel Greenblatt) % of 467.41% 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 Erdene Resource Development and its competitors. According to the industry distribution chart, Erdene Resource Development ranks #215 out of 2498 companies in the Metals & Mining industry, placing it in the top 8.6%.
Is Erdene Resource Development's ROC (Joel Greenblatt) % too high?
Erdene Resource Development's current ROC (Joel Greenblatt) % is 467.41%. Based on the distribution chart, Erdene Resource Development ranks #215 out of 2498 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Erdene Resource Development has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Erdene Resource Development's ROC (Joel Greenblatt) % compare to competitors?
According to the Metals & Mining industry distribution chart, Erdene Resource Development ranks #215 out of 2498 companies for ROC (Joel Greenblatt) %. This places Erdene Resource Development in the top 9% of its industry — outperforming the majority of peers. 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 Metals & Mining company?
A good ROC (Joel Greenblatt) % depends on the Metals & Mining industry context. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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 Erdene Resource Development and its competitors. Erdene Resource Development's current ROC (Joel Greenblatt) % is 467.41%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Erdene Resource Development stock overvalued right now?
Erdene Resource Development (ERDCF) has a current ROC (Joel Greenblatt) % of 467.41%. The current ROC (Joel Greenblatt) % is 467.41%. Erdene Resource Development's overall GF Score™ is 32/100 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 Erdene Resource Development (ERDCF), the current ROC (Joel Greenblatt) % is 467.41% 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.
Erdene Resource Development Corp is a Canadian-based company focused on the acquisition, exploration, and development of large, high-grade, near-surface, precious and base metals deposits in underexplored and prospective Mongolia. Currently, the corporation's principal development is the Bayan Khundii Gold Project, located in Bayankhongor province, Mongolia. Its other exploration and evaluation assets consist of interests in the Zuun Mod, Greater Dark Horse, Altan Nar, Dark Horse, Ulaan, Tereg Uul, and other properties located in Mongolia.
32GF Score
Get the complete analysis for ERDCF
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
ERDCF has been successfully added to your 
