Commercial Metals CoFRA:CMS 85 ROC (Joel Greenblatt) % is 19.32% as of May. 2026, which is 26% above its 10-year median of 15.37. GuruFocus rates FRA:CMS with a GF Score™ of 85/100 and a GF Value™ of €53.06. The stock has 7 warning signs investors should review. Among 3,057 Industrial Products companies, Commercial Metals Co ranks better than 60.39% 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. Commercial Metals Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2026 was 19.32%.
The historical rank and industry rank for Commercial Metals Co's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:CMS'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.73 Med: 15.37 Max: 47.52
Current: 16.76
During the past 13 years, Commercial Metals Co's highest ROC (Joel Greenblatt) % was 47.52%. The lowest was 3.73%. And the median was 15.37%.
FRA:CMS's ROC (Joel Greenblatt) % is ranked better than 60.39% of 3057
companies
in the Industrial Products industry
Industry Median: 11.71
vs FRA:CMS: 16.76
Commercial Metals Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -22.20% per year.
Commercial Metals Co (FRA:CMS) 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.
Commercial Metals Co ROC (Joel Greenblatt) % Related Terms
Commercial Metals Co ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Commercial Metals Co'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.
Commercial Metals Co ROC (Joel Greenblatt) % Chart
FRA:CMS vs ESAB, GPGI, WOR: ROC (Joel Greenblatt) % Comparison
For the Metal Fabrication subindustry, Commercial Metals Co'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.
Commercial Metals Co ROC (Joel Greenblatt) % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Commercial Metals Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Commercial Metals Co's ROC (Joel Greenblatt) % falls into.
Commercial Metals Co 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 (May. 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 19.32% mean?
Commercial Metals Co (FRA:CMS) has a ROC (Joel Greenblatt) % of 19.32% as of May. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Commercial Metals Co and its competitors. This is 26% above median its historical median of 15.37. Over the past decade, Commercial Metals Co's ROC (Joel Greenblatt) % has ranged from 3.73 to 47.52. According to the industry distribution chart, Commercial Metals Co ranks #1211 out of 3057 companies in the Industrial Products industry, placing it in the top 39.6%.
Is Commercial Metals Co's ROC (Joel Greenblatt) % too high?
Commercial Metals Co's current ROC (Joel Greenblatt) % of 19.32% is 26% above median its 10-year median of 15.37. Over the past 10 years, this metric has ranged from a low of 3.73 to a high of 47.52. The Industrial Products industry median ROC (Joel Greenblatt) % is 11.71. Commercial Metals Co's value of 19.32% is 65% above this industry median. Based on the distribution chart, Commercial Metals Co ranks #1211 out of 3057 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Commercial Metals Co has a GF Score™ of 85/100, reflecting its overall financial health beyond just this single metric.
How does Commercial Metals Co's ROC (Joel Greenblatt) % compare to ESAB and GPGI?
According to the Industrial Products industry distribution chart, Commercial Metals Co ranks #1211 out of 3057 companies for ROC (Joel Greenblatt) %. This puts Commercial Metals Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.71. Commercial Metals Co's value of 19.32% is 65% above this benchmark. Historically, Commercial Metals Co's own ROC (Joel Greenblatt) % has ranged from 3.73 to 47.52 over the past decade. While the company's 10-year median is 15.37 vs. the industry median of 11.71, Commercial Metals Co 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 Industrial Products company?
The median ROC (Joel Greenblatt) % among Industrial Products companies is 11.71, based on 3,057 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. Commercial Metals Co's current ROC (Joel Greenblatt) % of 19.32% is 65% 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 Commercial Metals Co and its competitors. For the Industrial Products industry, the median ROC (Joel Greenblatt) % is 11.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Commercial Metals Co's current ROC (Joel Greenblatt) % is 19.32%, which is 26% above median its own 10-year median of 15.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Commercial Metals Co stock overvalued right now?
Commercial Metals Co (FRA:CMS) has a current ROC (Joel Greenblatt) % of 19.32%. The stock's GF Value™ is €53.06, compared to a current price of €53.50 — trading 0.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is 19.32%, which is 26% above median its 10-year median of 15.37 and 65% above the Industrial Products industry median of 11.71. Commercial Metals Co's overall GF Score™ is 85/100 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 Commercial Metals Co (FRA:CMS), the current ROC (Joel Greenblatt) % is 19.32% as of May. 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 Commercial Metals Co (FRA:CMS) Overvalued in 2026?
Based on GuruFocus' analysis, Commercial Metals Co stock appears to be overvalued.
The current stock price of €53.50 is trading 0.8% above its estimated GF Value™ of €53.06.
Key valuation signals for FRA:CMS:
ROC (Joel Greenblatt) %: 19.32% (26% above median its 10-year median of 15.37)
GF Value™: €53.06 vs. price of €53.50 (0.8% above fair value)
Industry Position: 65% above the Industrial Products median (#1211 of 3057)
No single metric tells the full story. See the FRA:CMS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Commercial Metals Co is a manufacturer and supplier of early-stage construction materials, including steel reinforcing bars, concrete pipes, precast products, and soil stabilization solutions. It also produces merchant bar, steel fence posts, and wire rod, serving domestic and some international markets in Europe and Asia. Its products are used in infrastructure and building projects such as highways, bridges, airports, and commercial and residential buildings.
85GF Score
Get the complete analysis for FRA:CMS
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