Eversource EnergyES -1.29%74 ROC (Joel Greenblatt) % is 10.19% as of Mar. 2026, which is 44% above its 10-year median of 7.08. GuruFocus rates ES with a GF Score™ of 74/100 and a GF Value™ of $68.08 (Fairly Valued). The stock has 10 warning signs investors should review. Among 507 Utilities - Regulated companies, Eversource Energy ranks worse than 63.91% 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. Eversource Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 10.19%.
The historical rank and industry rank for Eversource Energy's ROC (Joel Greenblatt) % or its related term are showing as below:
ES'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.53 Med: 7.08 Max: 9.01
Current: 7.32
During the past 13 years, Eversource Energy's highest ROC (Joel Greenblatt) % was 9.01%. The lowest was 1.53%. And the median was 7.08%.
ES's ROC (Joel Greenblatt) % is ranked worse than 63.91% of 507
companies
in the Utilities - Regulated industry
Industry Median: 10.71
vs ES: 7.32
Eversource Energy's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -5.90% per year.
Eversource Energy (NYSE:ES) 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.
Eversource Energy ROC (Joel Greenblatt) % Related Terms
Eversource Energy ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Eversource Energy'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.
ES vs PPL, FE, EIX: ROC (Joel Greenblatt) % Comparison
For the Utilities - Regulated Electric subindustry, Eversource Energy'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.
Eversource Energy ROC (Joel Greenblatt) % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Eversource Energy's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Eversource Energy's ROC (Joel Greenblatt) % falls into.
Eversource Energy 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 10.19% mean?
Eversource Energy (ES) has a ROC (Joel Greenblatt) % of 10.19% 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 Eversource Energy and its competitors. This is 44% above median its historical median of 7.08. Over the past decade, Eversource Energy's ROC (Joel Greenblatt) % has ranged from 1.53 to 9.01. According to the industry distribution chart, Eversource Energy ranks #324 out of 507 companies in the Utilities - Regulated industry, placing it in the top 63.9%.
Is Eversource Energy's ROC (Joel Greenblatt) % too high?
Eversource Energy's current ROC (Joel Greenblatt) % of 10.19% is 44% above median its 10-year median of 7.08. Over the past 10 years, this metric has ranged from a low of 1.53 to a high of 9.01. The Utilities - Regulated industry median ROC (Joel Greenblatt) % is 10.71. Eversource Energy's value of 10.19% is 4.9% below this industry median. Based on the distribution chart, Eversource Energy ranks #324 out of 507 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Eversource Energy has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Eversource Energy's ROC (Joel Greenblatt) % compare to PPL and FE?
According to the Utilities - Regulated industry distribution chart, Eversource Energy ranks #324 out of 507 companies for ROC (Joel Greenblatt) %. This places Eversource Energy in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 10.71. Eversource Energy's value of 10.19% is 4.9% below this benchmark. Historically, Eversource Energy's own ROC (Joel Greenblatt) % has ranged from 1.53 to 9.01 over the past decade. While the company's 10-year median is 7.08 vs. the industry median of 10.71, Eversource Energy 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 10.71, based on 507 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. Eversource Energy's current ROC (Joel Greenblatt) % of 10.19% is 4.9% 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 Eversource Energy and its competitors. For the Utilities - Regulated industry, the median ROC (Joel Greenblatt) % is 10.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eversource Energy's current ROC (Joel Greenblatt) % is 10.19%, which is 44% above median its own 10-year median of 7.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eversource Energy stock overvalued right now?
Based on GuruFocus' analysis, Eversource Energy (ES) is currently considered Fairly Valued. The stock's GF Value™ is $68.08, compared to a current price of $72.82 — trading 7% above its estimated fair value. The current ROC (Joel Greenblatt) % is 10.19%, which is 44% above median its 10-year median of 7.08 and 4.9% below the Utilities - Regulated industry median of 10.71. Eversource Energy's overall GF Score™ is 74/100 with 10 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 Eversource Energy (ES), the current ROC (Joel Greenblatt) % is 10.19% 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 Eversource Energy (ES) Overvalued in 2026?
Based on GuruFocus' analysis, Eversource Energy stock appears to be overvalued.
The current stock price of $72.82 is trading 7% above its estimated GF Value™ of $68.08.
GuruFocus considers Eversource Energy to be Fairly Valued.
Key valuation signals for ES:
ROC (Joel Greenblatt) %: 10.19% (44% above median its 10-year median of 7.08)
GF Value™: $68.08 vs. price of $72.82 (7% above fair value)
Industry Position: 4.9% below the Utilities - Regulated median (#324 of 507)
No single metric tells the full story. See the ES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Eversource Energy is a diversified holding company with subsidiaries that provide rate-regulated electric, gas, and water distribution service to more than 4 million customers in the Northeast US. Eversource expanded its service territories with acquisitions of NStar (2012), Aquarion (2017), and Columbia Gas (2020). In 2024 Eversource exited its 50% partnership with European utility Orsted to develop 2 gigawatts of offshore wind projects in the Northeast US. It plans to sell Aquarion in 2026. The company exited most of its unregulated businesses in 2006.
74GF Score
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