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Ferrellgas Partners LPFGPR +0.12%39 ROC (Joel Greenblatt) % is 34.17% as of Apr. 2026, which is 144% above its 10-year median of 14.00. GuruFocus rates FGPR with a GF Score™ of 39/100 and a GF Value™ of $9.33 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,006 Oil & Gas companies, Ferrellgas Partners LP ranks better than 83.1% 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. Ferrellgas Partners LP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was 34.17%.
The historical rank and industry rank for Ferrellgas Partners LP's ROC (Joel Greenblatt) % or its related term are showing as below:
FGPR'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -55.61 Med: 14 Max: 32.27
Current: 28.64
During the past 13 years, Ferrellgas Partners LP's highest ROC (Joel Greenblatt) % was 32.27%. The lowest was -55.61%. And the median was 14.00%.
FGPR's ROC (Joel Greenblatt) % is ranked better than 83.1% of 1006
companies
in the Oil & Gas industry
Industry Median: 8.87
vs FGPR: 28.64
Ferrellgas Partners LP's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 4.80% 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.
Ferrellgas Partners LP ROC (Joel Greenblatt) % Related Terms
Ferrellgas Partners LP ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Ferrellgas Partners LP'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.
FGPR vs SGU, CLNE, BDCO: ROC (Joel Greenblatt) % Comparison
For the Oil & Gas Refining & Marketing subindustry, Ferrellgas Partners LP'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.
Ferrellgas Partners LP ROC (Joel Greenblatt) % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Ferrellgas Partners LP's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Ferrellgas Partners LP'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 (Apr. 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 34.17% mean?
Ferrellgas Partners LP (FGPR) has a ROC (Joel Greenblatt) % of 34.17% as of Apr. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Ferrellgas Partners LP and its competitors. This is 144% above median its historical median of 14.00. According to the industry distribution chart, Ferrellgas Partners LP ranks #170 out of 1006 companies in the Oil & Gas industry, placing it in the top 16.9%.
Is Ferrellgas Partners LP's ROC (Joel Greenblatt) % too high?
Ferrellgas Partners LP's current ROC (Joel Greenblatt) % of 34.17% is 144% above median its 10-year median of 14.00. The Oil & Gas industry median ROC (Joel Greenblatt) % is 8.87. Ferrellgas Partners LP's value of 34.17% is 285.2% above this industry median. Based on the distribution chart, Ferrellgas Partners LP ranks #170 out of 1006 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Ferrellgas Partners LP has a GF Score™ of 39/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ferrellgas Partners LP's ROC (Joel Greenblatt) % compare to SGU and CLNE?
According to the Oil & Gas industry distribution chart, Ferrellgas Partners LP ranks #170 out of 1006 companies for ROC (Joel Greenblatt) %. This places Ferrellgas Partners LP in the top 17% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 8.87. Ferrellgas Partners LP's value of 34.17% is 285.2% above this benchmark. While the company's 10-year median is 14.00 vs. the industry median of 8.87, Ferrellgas Partners LP 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 Oil & Gas company?
The median ROC (Joel Greenblatt) % among Oil & Gas companies is 8.87, based on 1,006 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. Ferrellgas Partners LP's current ROC (Joel Greenblatt) % of 34.17% is 285.2% 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 Ferrellgas Partners LP and its competitors. For the Oil & Gas industry, the median ROC (Joel Greenblatt) % is 8.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ferrellgas Partners LP's current ROC (Joel Greenblatt) % is 34.17%, which is 144% above median its own 10-year median of 14.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ferrellgas Partners LP stock overvalued right now?
Based on GuruFocus' analysis, Ferrellgas Partners LP (FGPR) is currently considered Significantly Overvalued. The stock's GF Value™ is $9.33, compared to a current price of $23.04 — trading 146.9% above its estimated fair value. The current ROC (Joel Greenblatt) % is 34.17%, which is 144% above median its 10-year median of 14.00 and 285.2% above the Oil & Gas industry median of 8.87. Ferrellgas Partners LP's overall GF Score™ is 39/100 with 7 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 Ferrellgas Partners LP (FGPR), the current ROC (Joel Greenblatt) % is 34.17% as of Apr. 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 Ferrellgas Partners LP (FGPR) Overvalued in 2026?
Based on GuruFocus' analysis, Ferrellgas Partners LP stock appears to be overvalued.
The current stock price of $23.04 is trading 146.9% above its estimated GF Value™ of $9.33.
GuruFocus considers Ferrellgas Partners LP to be Significantly Overvalued.
Key valuation signals for FGPR:
ROC (Joel Greenblatt) %: 34.17% (144% above median its 10-year median of 14.00)
GF Value™: $9.33 vs. price of $23.04 (146.9% above fair value)
Industry Position: 285.2% above the Oil & Gas median (#170 of 1006)
No single metric tells the full story. See the FGPR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ferrellgas Partners LP distributes propane and related equipment to a wide mix of customers, including residential, commercial, agricultural, wholesale, and portable tank exchange segments. The company provides propane delivery and tank exchange services under several brands and sells related appliances, parts, and fittings. Ferrellgas operates all over the United States, the District of Columbia, and Puerto Rico, with sales concentrated in various regions across the United States. The majority of its revenue comes from the sales of Propane and other gas liquids to End Users and Resellers.
39GF Score
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