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Major Drilling Group InternationalFRA:3MJ 89 ROC (Joel Greenblatt) % is 9.79% as of Apr. 2026, which is 50% above its 10-year median of 6.54. GuruFocus rates FRA:3MJ with a GF Score™ of 89/100 and a GF Value™ of €7.08 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 2,505 Metals & Mining companies, Major Drilling Group International ranks better than 79.6% 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. Major Drilling Group International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was 9.79%.
The historical rank and industry rank for Major Drilling Group International's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:3MJ'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -19.06 Med: 6.54 Max: 27.88
Current: 7.43
During the past 13 years, Major Drilling Group International's highest ROC (Joel Greenblatt) % was 27.88%. The lowest was -19.06%. And the median was 6.54%.
FRA:3MJ's ROC (Joel Greenblatt) % is ranked better than 79.6% of 2505
companies
in the Metals & Mining industry
Industry Median: -22.12
vs FRA:3MJ: 7.43
Major Drilling Group International (FRA:3MJ) 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.
Major Drilling Group International ROC (Joel Greenblatt) % Chart
Major Drilling Group International ROC (Joel Greenblatt) % Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Major Drilling Group International'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.
Major Drilling Group International ROC (Joel Greenblatt) % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Major Drilling Group International's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Major Drilling Group International's ROC (Joel Greenblatt) % falls into.
Major Drilling Group International 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 (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 9.79% mean?
Major Drilling Group International (FRA:3MJ) has a ROC (Joel Greenblatt) % of 9.79% 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 Major Drilling Group International and its competitors. This is 50% above median its historical median of 6.54. According to the industry distribution chart, Major Drilling Group International ranks #511 out of 2505 companies in the Metals & Mining industry, placing it in the top 20.4%.
Is Major Drilling Group International's ROC (Joel Greenblatt) % too high?
Major Drilling Group International's current ROC (Joel Greenblatt) % of 9.79% is 50% above median its 10-year median of 6.54. Based on the distribution chart, Major Drilling Group International ranks #511 out of 2505 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Major Drilling Group International has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Major Drilling Group International's ROC (Joel Greenblatt) % compare to competitors?
According to the Metals & Mining industry distribution chart, Major Drilling Group International ranks #511 out of 2505 companies for ROC (Joel Greenblatt) %. This places Major Drilling Group International in the top 20% 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 Major Drilling Group International and its competitors. Major Drilling Group International's current ROC (Joel Greenblatt) % is 9.79%, which is 50% above median its own 10-year median of 6.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Major Drilling Group International stock overvalued right now?
Based on GuruFocus' analysis, Major Drilling Group International (FRA:3MJ) is currently considered Modestly Overvalued. The stock's GF Value™ is €7.08, compared to a current price of €8.75 — trading 23.6% above its estimated fair value. The current ROC (Joel Greenblatt) % is 9.79%, which is 50% above median its 10-year median of 6.54. Major Drilling Group International's overall GF Score™ is 89/100 with 4 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 Major Drilling Group International (FRA:3MJ), the current ROC (Joel Greenblatt) % is 9.79% 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 Major Drilling Group International (FRA:3MJ) Overvalued in 2026?
Based on GuruFocus' analysis, Major Drilling Group International stock appears to be overvalued.
The current stock price of €8.75 is trading 23.6% above its estimated GF Value™ of €7.08.
GuruFocus considers Major Drilling Group International to be Modestly Overvalued.
Key valuation signals for FRA:3MJ:
ROC (Joel Greenblatt) %: 9.79% (50% above median its 10-year median of 6.54)
GF Value™: €7.08 vs. price of €8.75 (23.6% above fair value)
No single metric tells the full story. See the FRA:3MJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Major Drilling Group International Business Description
Major Drilling Group International Inc consists of contract drilling for companies mainly involved in mining and mineral exploration. The Company has operations in North America, South America, Australia, Asia, and Africa. Its services are Surface Drilling Services, and Underground Drilling Services. Its geographical segments are Canada - the United States; South and Central America; and Australasia and Africa, of which majority of its revenue comes from South and Central America.
89GF Score
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