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. Matrix Service Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 7.36%.
The historical rank and industry rank for Matrix Service Co's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:MX2'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -67.67 Med: -25.75 Max: 31.88
Current: -24.5
During the past 13 years, Matrix Service Co's highest ROC (Joel Greenblatt) % was 31.88%. The lowest was -67.67%. And the median was -25.75%.
FRA:MX2's ROC (Joel Greenblatt) % is ranked worse than 87.91% of 1779
companies
in the Construction industry
Industry Median: 19.59
vs FRA:MX2: -24.50
Matrix Service Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -13.50% per year.
Matrix Service Co (FRA:MX2) 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.
Matrix Service Co ROC (Joel Greenblatt) % Related Terms
Matrix Service Co ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Matrix Service 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.
FRA:MX2 vs PHOE, ESOA, MCDIF: ROC (Joel Greenblatt) % Comparison
For the Engineering & Construction subindustry, Matrix Service 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.
Matrix Service Co ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Matrix Service Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Matrix Service Co's ROC (Joel Greenblatt) % falls into.
Matrix Service 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 (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 7.36% mean?
Matrix Service Co (FRA:MX2) has a ROC (Joel Greenblatt) % of 7.36% 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 Matrix Service Co and its competitors. According to the industry distribution chart, Matrix Service Co ranks #1564 out of 1779 companies in the Construction industry, placing it in the top 87.9%.
Is Matrix Service Co's ROC (Joel Greenblatt) % too high?
Matrix Service Co's current ROC (Joel Greenblatt) % is 7.36%. The Construction industry median ROC (Joel Greenblatt) % is 19.59. Matrix Service Co's value of 7.36% is 62.4% below this industry median. Based on the distribution chart, Matrix Service Co ranks #1564 out of 1779 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Matrix Service Co has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does Matrix Service Co's ROC (Joel Greenblatt) % compare to PHOE and ESOA?
According to the Construction industry distribution chart, Matrix Service Co ranks #1564 out of 1779 companies for ROC (Joel Greenblatt) %. This places Matrix Service Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 19.59. Matrix Service Co's value of 7.36% is 62.4% below this benchmark. 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 Construction company?
The median ROC (Joel Greenblatt) % among Construction companies is 19.59, based on 1,779 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. Matrix Service Co's current ROC (Joel Greenblatt) % of 7.36% is 62.4% below 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 Matrix Service Co and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Matrix Service Co's current ROC (Joel Greenblatt) % is 7.36%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Matrix Service Co stock overvalued right now?
Matrix Service Co (FRA:MX2) has a current ROC (Joel Greenblatt) % of 7.36%. The stock's GF Value™ is €11.07, compared to a current price of €10.90 — trading 1.5% below its estimated fair value. The current ROC (Joel Greenblatt) % is 7.36% and 62.4% below the Construction industry median of 19.59. Matrix Service Co's overall GF Score™ is 68/100 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 Matrix Service Co (FRA:MX2), the current ROC (Joel Greenblatt) % is 7.36% 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 Matrix Service Co (FRA:MX2) Overvalued in 2026?
Based on GuruFocus' analysis, Matrix Service Co stock appears to be undervalued.
The current stock price of €10.90 is trading 1.5% below its estimated GF Value™ of €11.07.
Key valuation signals for FRA:MX2:
ROC (Joel Greenblatt) %: 7.36%
GF Value™: €11.07 vs. price of €10.90 (1.5% below fair value)
Industry Position: 62.4% below the Construction median (#1564 of 1779)
No single metric tells the full story. See the FRA:MX2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Matrix Service Co provides engineering, fabrication, construction, maintenance, and repair services prominently to the energy and industrial markets. The company operates through three main segments: Storage and Terminal Solutions, Utility and Power Infrastructure, and Process and Industrial Facilities. These segments cover services like building and maintaining storage tanks and terminals, supporting power delivery and new power generation projects including renewables, as well as plant maintenance and turnarounds for refining and petrochemical industries. Matrix generates revenue by delivering these services to clients in oil, gas, power, and petrochemical sectors across North America and internationally.
68GF 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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