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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. Motor Oil (Hellas) Corinth Refineries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 55.27%.
FRA:MHZ'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -5.42 Med: 27.32 Max: 64.31
Current: 33.36
During the past 13 years, Motor Oil (Hellas) Corinth Refineries's highest ROC (Joel Greenblatt) % was 64.31%. The lowest was -5.42%. And the median was 27.32%.
FRA:MHZ's ROC (Joel Greenblatt) % is ranked better than 87.47% of 998
companies
in the Oil & Gas industry
Industry Median: 8.56
vs FRA:MHZ: 33.36
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.
Motor Oil (Hellas) Corinth Refineries ROC (Joel Greenblatt) % Chart
FRA:MHZ vs VLO, MPC, PSX: ROC (Joel Greenblatt) % Comparison
For the Oil & Gas Refining & Marketing subindustry, Motor Oil (Hellas) Corinth Refineries'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.
Motor Oil (Hellas) Corinth Refineries ROC (Joel Greenblatt) % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Motor Oil (Hellas) Corinth Refineries's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Motor Oil (Hellas) Corinth Refineries's ROC (Joel Greenblatt) % falls into.
Motor Oil (Hellas) Corinth Refineries 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 (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 55.27% mean?
Motor Oil (Hellas) Corinth Refineries (FRA:MHZ) has a ROC (Joel Greenblatt) % of 55.27% 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 Motor Oil (Hellas) Corinth Refineries and its competitors. This is 102% above median its historical median of 27.32. According to the industry distribution chart, Motor Oil (Hellas) Corinth Refineries ranks #125 out of 998 companies in the Oil & Gas industry, placing it in the top 12.5%.
Is Motor Oil (Hellas) Corinth Refineries' ROC (Joel Greenblatt) % too high?
Motor Oil (Hellas) Corinth Refineries' current ROC (Joel Greenblatt) % of 55.27% is 102% above median its 10-year median of 27.32. The Oil & Gas industry median ROC (Joel Greenblatt) % is 8.56. Motor Oil (Hellas) Corinth Refineries' value of 55.27% is 545.7% above this industry median. Based on the distribution chart, Motor Oil (Hellas) Corinth Refineries ranks #125 out of 998 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Motor Oil (Hellas) Corinth Refineries has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Motor Oil (Hellas) Corinth Refineries' ROC (Joel Greenblatt) % compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Motor Oil (Hellas) Corinth Refineries ranks #125 out of 998 companies for ROC (Joel Greenblatt) %. This places Motor Oil (Hellas) Corinth Refineries in the top 13% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 8.56. Motor Oil (Hellas) Corinth Refineries' value of 55.27% is 545.7% above this benchmark. While the company's 10-year median is 27.32 vs. the industry median of 8.56, Motor Oil (Hellas) Corinth Refineries 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 Oil & Gas company?
The median ROC (Joel Greenblatt) % among Oil & Gas companies is 8.56, 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. Motor Oil (Hellas) Corinth Refineries's current ROC (Joel Greenblatt) % of 55.27% is 545.7% 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 Motor Oil (Hellas) Corinth Refineries and its competitors. For the Oil & Gas industry, the median ROC (Joel Greenblatt) % is 8.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Motor Oil (Hellas) Corinth Refineries's current ROC (Joel Greenblatt) % is 55.27%, which is 102% above median its own 10-year median of 27.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Motor Oil (Hellas) Corinth Refineries stock overvalued right now?
Based on GuruFocus' analysis, Motor Oil (Hellas) Corinth Refineries (FRA:MHZ) is currently considered Significantly Overvalued. The stock's GF Value™ is €22.40, compared to a current price of €47.60 — trading 112.5% above its estimated fair value. The current ROC (Joel Greenblatt) % is 55.27%, which is 102% above median its 10-year median of 27.32 and 545.7% above the Oil & Gas industry median of 8.56. Motor Oil (Hellas) Corinth Refineries' overall GF Score™ is 61/100 with 5 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 Motor Oil (Hellas) Corinth Refineries (FRA:MHZ), the current ROC (Joel Greenblatt) % is 55.27% 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 Motor Oil (Hellas) Corinth Refineries (FRA:MHZ) Overvalued in 2026?
Based on GuruFocus' analysis, Motor Oil (Hellas) Corinth Refineries stock appears to be overvalued.
The current stock price of €47.60 is trading 112.5% above its estimated GF Value™ of €22.40.
GuruFocus considers Motor Oil (Hellas) Corinth Refineries to be Significantly Overvalued.
Key valuation signals for FRA:MHZ:
ROC (Joel Greenblatt) %: 55.27% (102% above median its 10-year median of 27.32)
GF Value™: €22.40 vs. price of €47.60 (112.5% above fair value)
Industry Position: 545.7% above the Oil & Gas median (#125 of 998)
No single metric tells the full story. See the FRA:MHZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Motor Oil (Hellas) Corinth Refineries Business Description
Motor Oil (Hellas) Corinth Refineries SA plays a role in the sectors of crude oil refining and marketing of petroleum products in Greece as well as the eastern Mediterranean region, supplying its customers with a wide range of quality products. The refinery, with its ancillary plants and fuel distribution facilities, forms the privately owned industrial complex in Greece. It serves petroleum marketing companies in Greece and internationally. The Group is active in four main operating business segments: Refining Activity, Fuels Marketing Activity, Power and Gas, and Other. It derives maximum revenue from Refining Activity. The firm derives the majority of its revenue from Foreign Sales.
61GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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