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E3 LithiumFRA:OW3 -3.19%27 ROC (Joel Greenblatt) % is -28.30% as of Mar. 2026. GuruFocus rates FRA:OW3 with a GF Score™ of 27/100. The stock has 1 warning sign investors should review. Among 2,498 Metals & Mining companies, E3 Lithium ranks better than 53.72% 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. E3 Lithium's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -28.30%.
The historical rank and industry rank for E3 Lithium's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:OW3'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -12200 Med: -64.31 Max: -17.12
Current: -17.12
During the past 13 years, E3 Lithium's highest ROC (Joel Greenblatt) % was -17.12%. The lowest was -12200.00%. And the median was -64.31%.
FRA:OW3's ROC (Joel Greenblatt) % is ranked better than 53.72% of 2498
companies
in the Metals & Mining industry
Industry Median: -22.14
vs FRA:OW3: -17.12
E3 Lithium's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 25.40% 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.
E3 Lithium ROC (Joel Greenblatt) % Historical Data
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The historical data trend for E3 Lithium'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.
For the Other Industrial Metals & Mining subindustry, E3 Lithium'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.
E3 Lithium ROC (Joel Greenblatt) % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, E3 Lithium's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where E3 Lithium'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 -28.30% mean?
E3 Lithium (FRA:OW3) has a ROC (Joel Greenblatt) % of -28.30% 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 E3 Lithium and its competitors. According to the industry distribution chart, E3 Lithium ranks #1156 out of 2498 companies in the Metals & Mining industry, placing it in the top 46.3%.
Is E3 Lithium's ROC (Joel Greenblatt) % too high?
E3 Lithium's current ROC (Joel Greenblatt) % is -28.30%. Based on the distribution chart, E3 Lithium ranks #1156 out of 2498 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, E3 Lithium has a GF Score™ of 27/100, reflecting its overall financial health beyond just this single metric.
How does E3 Lithium's ROC (Joel Greenblatt) % compare to competitors?
According to the Metals & Mining industry distribution chart, E3 Lithium ranks #1156 out of 2498 companies for ROC (Joel Greenblatt) %. This puts E3 Lithium in the upper half of its industry. 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 Metals & Mining company?
A good ROC (Joel Greenblatt) % depends on the Metals & Mining industry context. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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 E3 Lithium and its competitors. E3 Lithium's current ROC (Joel Greenblatt) % is -28.30%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is E3 Lithium stock overvalued right now?
E3 Lithium (FRA:OW3) has a current ROC (Joel Greenblatt) % of -28.30%. The current ROC (Joel Greenblatt) % is -28.30%. E3 Lithium's overall GF Score™ is 27/100 with 1 warning sign 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 E3 Lithium (FRA:OW3), the current ROC (Joel Greenblatt) % is -28.30% 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.
E3 Lithium Ltd is a resource company focus on commercial development of lithium extraction from brines contained in its mineral properties in Alberta. The Company is developing the Clearwater Project, the first project contemplated in E3's Bashaw District. Developments for lithium in Alberta operate similarly to the well-established and sophisticated energy industry in Alberta. This provides transparent permitting, well-established social license. The company plan to build a fully integrated Lithium Brine Demonstration Facility (Demo Project) with the goal to produce battery grade lithium carbonate from brines located within the Leduc reservoir in Alberta.
27GF Score
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