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OGE EnergyFRA:OG5 -1.90%77 ROC (Joel Greenblatt) % is 3.71% as of Mar. 2026, which is 49% below its 10-year median of 7.33. GuruFocus rates FRA:OG5 with a GF Score™ of 77/100 and a GF Value™ of €37.66. The stock has 11 warning signs investors should review. Among 504 Utilities - Regulated companies, OGE Energy ranks worse than 72.42% 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. OGE Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 3.71%.
The historical rank and industry rank for OGE Energy's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:OG5'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1.51 Med: 7.33 Max: 10.7
Current: 6.36
During the past 13 years, OGE Energy's highest ROC (Joel Greenblatt) % was 10.70%. The lowest was -1.51%. And the median was 7.33%.
FRA:OG5's ROC (Joel Greenblatt) % is ranked worse than 72.42% of 504
companies
in the Utilities - Regulated industry
Industry Median: 10.855
vs FRA:OG5: 6.36
OGE Energy's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
OGE Energy (FRA:OG5) 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.
OGE Energy ROC (Joel Greenblatt) % Historical Data
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The historical data trend for OGE Energy'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:OG5 vs IDA, PNW, TXNM: ROC (Joel Greenblatt) % Comparison
For the Utilities - Regulated Electric subindustry, OGE Energy'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.
OGE Energy ROC (Joel Greenblatt) % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, OGE Energy's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where OGE Energy'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 3.71% mean?
OGE Energy (FRA:OG5) has a ROC (Joel Greenblatt) % of 3.71% 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 OGE Energy and its competitors. This is 49% below median its historical median of 7.33. According to the industry distribution chart, OGE Energy ranks #365 out of 504 companies in the Utilities - Regulated industry, placing it in the top 72.4%.
Is OGE Energy's ROC (Joel Greenblatt) % too high?
OGE Energy's current ROC (Joel Greenblatt) % of 3.71% is 49% below median its 10-year median of 7.33. The Utilities - Regulated industry median ROC (Joel Greenblatt) % is 10.86. OGE Energy's value of 3.71% is 65.8% below this industry median. Based on the distribution chart, OGE Energy ranks #365 out of 504 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, OGE Energy has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does OGE Energy's ROC (Joel Greenblatt) % compare to IDA and PNW?
According to the Utilities - Regulated industry distribution chart, OGE Energy ranks #365 out of 504 companies for ROC (Joel Greenblatt) %. This places OGE Energy in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 10.86. OGE Energy's value of 3.71% is 65.8% below this benchmark. While the company's 10-year median is 7.33 vs. the industry median of 10.86, OGE Energy has consistently been below 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 Utilities - Regulated company?
The median ROC (Joel Greenblatt) % among Utilities - Regulated companies is 10.86, based on 504 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. OGE Energy's current ROC (Joel Greenblatt) % of 3.71% is 65.8% 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 OGE Energy and its competitors. For the Utilities - Regulated industry, the median ROC (Joel Greenblatt) % is 10.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. OGE Energy's current ROC (Joel Greenblatt) % is 3.71%, which is 49% below median its own 10-year median of 7.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is OGE Energy stock overvalued right now?
OGE Energy (FRA:OG5) has a current ROC (Joel Greenblatt) % of 3.71%. The stock's GF Value™ is €37.66, compared to a current price of €41.20 — trading 9.4% above its estimated fair value. The current ROC (Joel Greenblatt) % is 3.71%, which is 49% below median its 10-year median of 7.33 and 65.8% below the Utilities - Regulated industry median of 10.86. OGE Energy's overall GF Score™ is 77/100 with 11 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 OGE Energy (FRA:OG5), the current ROC (Joel Greenblatt) % is 3.71% 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 OGE Energy (FRA:OG5) Overvalued in 2026?
Based on GuruFocus' analysis, OGE Energy stock appears to be overvalued.
The current stock price of €41.20 is trading 9.4% above its estimated GF Value™ of €37.66.
Key valuation signals for FRA:OG5:
ROC (Joel Greenblatt) %: 3.71% (49% below median its 10-year median of 7.33)
GF Value™: €37.66 vs. price of €41.20 (9.4% above fair value)
Industry Position: 65.8% below the Utilities - Regulated median (#365 of 504)
No single metric tells the full story. See the FRA:OG5 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
OGE Energy is a holding company for Oklahoma Gas & Electric, a regulated utility with electricity generation, transmission, and distribution service for 900,000 customers in Oklahoma and western Arkansas. In December 2021, OGE divested its 25.5% stake in Enable Midstream Partners, an oil and gas services company it created in 2013 through a unit exchange merger with Energy Transfer. OGE sold its 95.4 million limited partner units of Energy Transfer throughout 2022. OGE sold its retail gas business in 1928 and no longer has any gas operations.
77GF Score
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