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Kenon HoldingsFRA:76N 70 ROC (Joel Greenblatt) % is 13.84% as of Mar. 2026, which is 31% above its 10-year median of 10.59. GuruFocus rates FRA:76N with a GF Score™ of 70/100 and a GF Value™ of €37.22 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 439 Utilities - Independent Power Producers companies, Kenon Holdings ranks better than 74.94% 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. Kenon Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 13.84%.
The historical rank and industry rank for Kenon Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:76N'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -11.82 Med: 10.59 Max: 87.54
Current: 15.31
During the past 13 years, Kenon Holdings's highest ROC (Joel Greenblatt) % was 87.54%. The lowest was -11.82%. And the median was 10.59%.
FRA:76N's ROC (Joel Greenblatt) % is ranked better than 74.94% of 439
companies
in the Utilities - Independent Power Producers industry
Industry Median: 6.34
vs FRA:76N: 15.31
Kenon Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -30.70% 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.
Kenon Holdings ROC (Joel Greenblatt) % Related Terms
Kenon Holdings ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Kenon Holdings'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.
FRA:76N vs HNRG, OKLO, CEG: ROC (Joel Greenblatt) % Comparison
For the Utilities - Independent Power Producers subindustry, Kenon Holdings'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.
Kenon Holdings ROC (Joel Greenblatt) % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Kenon Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Kenon Holdings'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 (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 13.84% mean?
Kenon Holdings (FRA:76N) has a ROC (Joel Greenblatt) % of 13.84% 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 Kenon Holdings and its competitors. This is 31% above median its historical median of 10.59. According to the industry distribution chart, Kenon Holdings ranks #110 out of 439 companies in the Utilities - Independent Power Producers industry, placing it in the top 25.1%.
Is Kenon Holdings' ROC (Joel Greenblatt) % too high?
Kenon Holdings' current ROC (Joel Greenblatt) % of 13.84% is 31% above median its 10-year median of 10.59. The Utilities - Independent Power Producers industry median ROC (Joel Greenblatt) % is 6.34. Kenon Holdings' value of 13.84% is 118.3% above this industry median. Based on the distribution chart, Kenon Holdings ranks #110 out of 439 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Kenon Holdings has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kenon Holdings' ROC (Joel Greenblatt) % compare to HNRG and OKLO?
According to the Utilities - Independent Power Producers industry distribution chart, Kenon Holdings ranks #110 out of 439 companies for ROC (Joel Greenblatt) %. This puts Kenon Holdings in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 6.34. Kenon Holdings' value of 13.84% is 118.3% above this benchmark. While the company's 10-year median is 10.59 vs. the industry median of 6.34, Kenon Holdings 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 Utilities - Independent Power Producers company?
The median ROC (Joel Greenblatt) % among Utilities - Independent Power Producers companies is 6.34, based on 439 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. Kenon Holdings's current ROC (Joel Greenblatt) % of 13.84% is 118.3% 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 Kenon Holdings and its competitors. For the Utilities - Independent Power Producers industry, the median ROC (Joel Greenblatt) % is 6.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kenon Holdings's current ROC (Joel Greenblatt) % is 13.84%, which is 31% above median its own 10-year median of 10.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kenon Holdings stock overvalued right now?
Based on GuruFocus' analysis, Kenon Holdings (FRA:76N) is currently considered Significantly Overvalued. The stock's GF Value™ is €37.22, compared to a current price of €57.00 — trading 53.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 13.84%, which is 31% above median its 10-year median of 10.59 and 118.3% above the Utilities - Independent Power Producers industry median of 6.34. Kenon Holdings' overall GF Score™ is 70/100 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 Kenon Holdings (FRA:76N), the current ROC (Joel Greenblatt) % is 13.84% 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 Kenon Holdings (FRA:76N) Overvalued in 2026?
Based on GuruFocus' analysis, Kenon Holdings stock appears to be overvalued.
The current stock price of €57.00 is trading 53.1% above its estimated GF Value™ of €37.22.
GuruFocus considers Kenon Holdings to be Significantly Overvalued.
Key valuation signals for FRA:76N:
ROC (Joel Greenblatt) %: 13.84% (31% above median its 10-year median of 10.59)
GF Value™: €37.22 vs. price of €57.00 (53.1% above fair value)
Industry Position: 118.3% above the Utilities - Independent Power Producers median (#110 of 439)
No single metric tells the full story. See the FRA:76N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kenon Holdings Ltd is a holding company that operates dynamic, growth-oriented businesses. The company's operating segments include: OPC Power Plants, which generates and supplies electricity and energy in Israel; and CPV Group, which generates and supplies electricity and energy in the United States. It generates maximum revenue from the OPC Power Plants segment, which generates and supplies electricity and energy in Israel. CPV Group is a limited partnership owned by OPC, which generates and supplies electricity and energy in the United States. Geographically, the company generates a majority of its revenue from Israel and the rest from the United States.
70GF Score
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