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. NG Energy International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 234.70%.
The historical rank and industry rank for NG Energy International's ROC (Joel Greenblatt) % or its related term are showing as below:
GASXF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -333.5 Med: -33.7 Max: 55.55
Current: 55.55
During the past 13 years, NG Energy International's highest ROC (Joel Greenblatt) % was 55.55%. The lowest was -333.50%. And the median was -33.70%.
GASXF's ROC (Joel Greenblatt) % is ranked better than 93.6% of 1000
companies
in the Oil & Gas industry
Industry Median: 8.415
vs GASXF: 55.55
NG Energy International's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 38.20% per year.
NG Energy International (OTCPK:GASXF) 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.
NG Energy International ROC (Joel Greenblatt) % Related Terms
NG Energy International ROC (Joel Greenblatt) % Historical Data
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The historical data trend for NG Energy International'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.
NG Energy International ROC (Joel Greenblatt) % Chart
GASXF vs COP, EOG, FANG: ROC (Joel Greenblatt) % Comparison
For the Oil & Gas E&P subindustry, NG Energy International'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.
NG Energy International ROC (Joel Greenblatt) % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, NG Energy International's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where NG Energy International's ROC (Joel Greenblatt) % falls into.
NG Energy International 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 234.70% mean?
NG Energy International (GASXF) has a ROC (Joel Greenblatt) % of 234.70% 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 NG Energy International and its competitors. According to the industry distribution chart, NG Energy International ranks #64 out of 1000 companies in the Oil & Gas industry, placing it in the top 6.4%.
Is NG Energy International's ROC (Joel Greenblatt) % too high?
NG Energy International's current ROC (Joel Greenblatt) % is 234.70%. The Oil & Gas industry median ROC (Joel Greenblatt) % is 8.42. NG Energy International's value of 234.70% is 2689.1% above this industry median. Based on the distribution chart, NG Energy International ranks #64 out of 1000 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, NG Energy International has a GF Score™ of 27/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NG Energy International's ROC (Joel Greenblatt) % compare to COP and EOG?
According to the Oil & Gas industry distribution chart, NG Energy International ranks #64 out of 1000 companies for ROC (Joel Greenblatt) %. This places NG Energy International in the top 6% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 8.42. NG Energy International's value of 234.70% is 2689.1% above 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 an Oil & Gas company?
The median ROC (Joel Greenblatt) % among Oil & Gas companies is 8.42, based on 1,000 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. NG Energy International's current ROC (Joel Greenblatt) % of 234.70% is 2689.1% 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 NG Energy International and its competitors. For the Oil & Gas industry, the median ROC (Joel Greenblatt) % is 8.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NG Energy International's current ROC (Joel Greenblatt) % is 234.70%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NG Energy International stock overvalued right now?
Based on GuruFocus' analysis, NG Energy International (GASXF) is currently considered Fairly Valued. The stock's GF Value™ is $0.97, compared to a current price of $0.97 — trading 0.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is 234.70% and 2689.1% above the Oil & Gas industry median of 8.42. NG Energy International's overall GF Score™ is 27/100 with 4 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 NG Energy International (GASXF), the current ROC (Joel Greenblatt) % is 234.70% 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 NG Energy International (GASXF) Overvalued in 2026?
Based on GuruFocus' analysis, NG Energy International stock appears to be undervalued.
The current stock price of $0.97 is trading 0.2% below its estimated GF Value™ of $0.97.
GuruFocus considers NG Energy International to be Fairly Valued.
Key valuation signals for GASXF:
ROC (Joel Greenblatt) %: 234.70%
GF Value™: $0.97 vs. price of $0.97 (0.2% below fair value)
Industry Position: 2689.1% above the Oil & Gas median (#64 of 1000)
No single metric tells the full story. See the GASXF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NG Energy International Corp is an oil and gas company. It is engaged in the business of exploration and development of oil and gas. The company derives key revenue from the sales of oil and natural gas. The company's principal oil and natural gas properties include Maria Conchita Block, SN-9 Block, Tiburon Block, and VMM39 Block in Colombia.
27GF Score
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