Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Ardmore ShippingFRA:A61 +3.82%75 ROC (Joel Greenblatt) % is 37.40% as of Jun. 2026, which is 1789% above its 10-year median of 1.98. GuruFocus rates FRA:A61 with a GF Score™ of 75/100 and a GF Value™ of €11.06 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 998 Transportation companies, Ardmore Shipping ranks better than 66.33% 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. Ardmore Shipping's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 37.40%.
The historical rank and industry rank for Ardmore Shipping's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:A61'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -3.4 Med: 1.98 Max: 25.09
Current: 17.67
During the past 13 years, Ardmore Shipping's highest ROC (Joel Greenblatt) % was 25.09%. The lowest was -3.40%. And the median was 1.98%.
FRA:A61's ROC (Joel Greenblatt) % is ranked better than 66.33% of 998
companies
in the Transportation industry
Industry Median: 11.68
vs FRA:A61: 17.67
Ardmore Shipping'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.
Ardmore Shipping ROC (Joel Greenblatt) % Related Terms
Ardmore Shipping ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Ardmore Shipping'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:A61 vs SB, ESEA, PANL: ROC (Joel Greenblatt) % Comparison
For the Marine Shipping subindustry, Ardmore Shipping'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.
Ardmore Shipping ROC (Joel Greenblatt) % vs Transportation Industry
For the Transportation industry and Industrials sector, Ardmore Shipping's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Ardmore Shipping'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. 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 37.40% mean?
Ardmore Shipping (FRA:A61) has a ROC (Joel Greenblatt) % of 37.40% as of Jun. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Ardmore Shipping and its competitors. This is 1789% above median its historical median of 1.98. According to the industry distribution chart, Ardmore Shipping ranks #336 out of 998 companies in the Transportation industry, placing it in the top 33.7%.
Is Ardmore Shipping's ROC (Joel Greenblatt) % too high?
Ardmore Shipping's current ROC (Joel Greenblatt) % of 37.40% is 1789% above median its 10-year median of 1.98. The Transportation industry median ROC (Joel Greenblatt) % is 11.68. Ardmore Shipping's value of 37.40% is 220.2% above this industry median. Based on the distribution chart, Ardmore Shipping ranks #336 out of 998 companies in the Transportation industry, which is above the industry midpoint. Overall, Ardmore Shipping has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ardmore Shipping's ROC (Joel Greenblatt) % compare to SB and ESEA?
According to the Transportation industry distribution chart, Ardmore Shipping ranks #336 out of 998 companies for ROC (Joel Greenblatt) %. This puts Ardmore Shipping in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.68. Ardmore Shipping's value of 37.40% is 220.2% above this benchmark. While the company's 10-year median is 1.98 vs. the industry median of 11.68, Ardmore Shipping 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 a Transportation company?
The median ROC (Joel Greenblatt) % among Transportation companies is 11.68, 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. Ardmore Shipping's current ROC (Joel Greenblatt) % of 37.40% is 220.2% 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 Ardmore Shipping and its competitors. For the Transportation industry, the median ROC (Joel Greenblatt) % is 11.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ardmore Shipping's current ROC (Joel Greenblatt) % is 37.40%, which is 1789% above median its own 10-year median of 1.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ardmore Shipping stock overvalued right now?
Based on GuruFocus' analysis, Ardmore Shipping (FRA:A61) is currently considered Significantly Overvalued. The stock's GF Value™ is €11.06, compared to a current price of €14.66 — trading 32.5% above its estimated fair value. The current ROC (Joel Greenblatt) % is 37.40%, which is 1789% above median its 10-year median of 1.98 and 220.2% above the Transportation industry median of 11.68. Ardmore Shipping's overall GF Score™ is 75/100 with 3 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 Ardmore Shipping (FRA:A61), the current ROC (Joel Greenblatt) % is 37.40% as of Jun. 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 Ardmore Shipping (FRA:A61) Overvalued in 2026?
Based on GuruFocus' analysis, Ardmore Shipping stock appears to be overvalued.
The current stock price of €14.66 is trading 32.5% above its estimated GF Value™ of €11.06.
GuruFocus considers Ardmore Shipping to be Significantly Overvalued.
Key valuation signals for FRA:A61:
ROC (Joel Greenblatt) %: 37.40% (1789% above median its 10-year median of 1.98)
GF Value™: €11.06 vs. price of €14.66 (32.5% above fair value)
Industry Position: 220.2% above the Transportation median (#336 of 998)
No single metric tells the full story. See the FRA:A61 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ardmore Shipping Corp provides seaborne transportation of petroleum products and chemicals world-wide to oil majors, national oil companies, oil and chemical traders, and chemical companies, with its modern, fuel-efficient fleet of mid-size product and chemical tankers. The company markets its services directly to its customers and commercial pool operators and charters its vessels to them through a combination of spot, commercial pooling, and time-charter arrangements. The majority of its revenue is generated from spot voyages, which typically last less than three months.
75GF Score
Get the complete analysis for FRA:A61
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:A61 has been successfully added to your 
