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. Optegra Ventures's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2025 was -21.27%.
The historical rank and industry rank for Optegra Ventures's ROC (Joel Greenblatt) % or its related term are showing as below:
ESXMF's ROC (Joel Greenblatt) % is not ranked *
in the Metals & Mining industry.
Industry Median: -22.69 * Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
Optegra Ventures'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.
Optegra Ventures ROC (Joel Greenblatt) % Related Terms
Optegra Ventures ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Optegra Ventures'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.
For the Other Industrial Metals & Mining subindustry, Optegra Ventures'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.
Optegra Ventures ROC (Joel Greenblatt) % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Optegra Ventures's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Optegra Ventures'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 (Jun. 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 -21.27% mean?
Optegra Ventures (ESXMF) has a ROC (Joel Greenblatt) % of -21.27% as of Jun. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Optegra Ventures and its competitors.
Is Optegra Ventures' ROC (Joel Greenblatt) % too high?
Optegra Ventures' current ROC (Joel Greenblatt) % is -21.27%. Overall, Optegra Ventures has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does Optegra Ventures' ROC (Joel Greenblatt) % compare to competitors?
Optegra Ventures' ROC (Joel Greenblatt) % of -21.27% can be compared against companies in the Metals & Mining industry. 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 Optegra Ventures and its competitors. Optegra Ventures's current ROC (Joel Greenblatt) % is -21.27%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Optegra Ventures stock overvalued right now?
Optegra Ventures (ESXMF) has a current ROC (Joel Greenblatt) % of -21.27%. The current ROC (Joel Greenblatt) % is -21.27%. Optegra Ventures' overall GF Score™ is 35/100. 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 Optegra Ventures (ESXMF), the current ROC (Joel Greenblatt) % is -21.27% as of Jun. 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.
Optegra Ventures Inc is engaged in the exploration of mineral properties. Through its subsidiary, it holds 88-100% interest in precious metals, base metals and REE properties such as Mount Turner and Cumberland. The company operates in a single reportable segment, exploration and evaluation business in two geographical areas, Canada and Australia.
35GF Score
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