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Akita DrillingFRA:774 59 ROC (Joel Greenblatt) % is -2.70% as of Mar. 2026. GuruFocus rates FRA:774 with a GF Score™ of 59/100 and a GF Value™ of €1.10 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 998 Oil & Gas companies, Akita Drilling ranks worse than 62.73% 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. Akita Drilling's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -2.70%.
The historical rank and industry rank for Akita Drilling's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:774'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -33.86 Med: -0.08 Max: 11.7
Current: 3.4
During the past 13 years, Akita Drilling's highest ROC (Joel Greenblatt) % was 11.70%. The lowest was -33.86%. And the median was -0.08%.
FRA:774's ROC (Joel Greenblatt) % is ranked worse than 62.73% of 998
companies
in the Oil & Gas industry
Industry Median: 8.505
vs FRA:774: 3.40
Akita Drilling'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.
Akita Drilling ROC (Joel Greenblatt) % Related Terms
Akita Drilling ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Akita Drilling'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:774 vs NE, RIG, VAL: ROC (Joel Greenblatt) % Comparison
For the Oil & Gas Drilling subindustry, Akita Drilling'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.
Akita Drilling ROC (Joel Greenblatt) % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Akita Drilling's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Akita Drilling'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 -2.70% mean?
Akita Drilling (FRA:774) has a ROC (Joel Greenblatt) % of -2.70% 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 Akita Drilling and its competitors. According to the industry distribution chart, Akita Drilling ranks #626 out of 998 companies in the Oil & Gas industry, placing it in the top 62.7%.
Is Akita Drilling's ROC (Joel Greenblatt) % too high?
Akita Drilling's current ROC (Joel Greenblatt) % is -2.70%. Based on the distribution chart, Akita Drilling ranks #626 out of 998 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Akita Drilling has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Akita Drilling's ROC (Joel Greenblatt) % compare to NE and RIG?
According to the Oil & Gas industry distribution chart, Akita Drilling ranks #626 out of 998 companies for ROC (Joel Greenblatt) %. This places Akita Drilling in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 8.51. 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 8.51, based on 998 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. 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 Akita Drilling and its competitors. For the Oil & Gas industry, the median ROC (Joel Greenblatt) % is 8.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Akita Drilling's current ROC (Joel Greenblatt) % is -2.70%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Akita Drilling stock overvalued right now?
Based on GuruFocus' analysis, Akita Drilling (FRA:774) is currently considered Significantly Overvalued. The stock's GF Value™ is €1.10, compared to a current price of €2.12 — trading 92.7% above its estimated fair value. The current ROC (Joel Greenblatt) % is -2.70%. Akita Drilling's overall GF Score™ is 59/100 with 2 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 Akita Drilling (FRA:774), the current ROC (Joel Greenblatt) % is -2.70% 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 Akita Drilling (FRA:774) Overvalued in 2026?
Based on GuruFocus' analysis, Akita Drilling stock appears to be overvalued.
The current stock price of €2.12 is trading 92.7% above its estimated GF Value™ of €1.10.
GuruFocus considers Akita Drilling to be Significantly Overvalued.
Key valuation signals for FRA:774:
ROC (Joel Greenblatt) %: -2.70%
GF Value™: €1.10 vs. price of €2.12 (92.7% above fair value)
No single metric tells the full story. See the FRA:774 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Akita Drilling Ltd is a Canadian oil and gas drilling contractor. It provides contract drilling services to the oil and gas industry. The company has two operating segments, Canada and the United States, providing contract drilling services to the oil and gas industry and from time to time, other forms of drilling related to potash mining and the development of storage caverns. The majority of the company's revenue is derived from the United States segment.
59GF Score
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