Imperial OilHAM:IMP +0.90%80 ROC (Joel Greenblatt) % is 15.80% as of Mar. 2026, which is 62% above its 10-year median of 9.78. GuruFocus rates HAM:IMP with a GF Score™ of 80/100 and a GF Value™ of €70.24. The stock has 2 warning signs investors should review. Among 998 Oil & Gas companies, Imperial Oil ranks better than 60.72% 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. Imperial Oil's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 15.80%.
The historical rank and industry rank for Imperial Oil's ROC (Joel Greenblatt) % or its related term are showing as below:
HAM:IMP'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -6.99 Med: 9.78 Max: 30.8
Current: 12.02
During the past 13 years, Imperial Oil's highest ROC (Joel Greenblatt) % was 30.80%. The lowest was -6.99%. And the median was 9.78%.
HAM:IMP's ROC (Joel Greenblatt) % is ranked better than 60.72% of 998
companies
in the Oil & Gas industry
Industry Median: 8.415
vs HAM:IMP: 12.02
Imperial Oil's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% 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.
Imperial Oil ROC (Joel Greenblatt) % Related Terms
Imperial Oil ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Imperial Oil'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.
HAM:IMP vs XOM, CVX: ROC (Joel Greenblatt) % Comparison
For the Oil & Gas Integrated subindustry, Imperial Oil'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.
Imperial Oil ROC (Joel Greenblatt) % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Imperial Oil's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Imperial Oil'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 15.80% mean?
Imperial Oil (HAM:IMP) has a ROC (Joel Greenblatt) % of 15.80% 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 Imperial Oil and its competitors. This is 62% above median its historical median of 9.78. According to the industry distribution chart, Imperial Oil ranks #392 out of 998 companies in the Oil & Gas industry, placing it in the top 39.3%.
Is Imperial Oil's ROC (Joel Greenblatt) % too high?
Imperial Oil's current ROC (Joel Greenblatt) % of 15.80% is 62% above median its 10-year median of 9.78. The Oil & Gas industry median ROC (Joel Greenblatt) % is 8.42. Imperial Oil's value of 15.80% is 87.8% above this industry median. Based on the distribution chart, Imperial Oil ranks #392 out of 998 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Imperial Oil has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Imperial Oil's ROC (Joel Greenblatt) % compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Imperial Oil ranks #392 out of 998 companies for ROC (Joel Greenblatt) %. This puts Imperial Oil in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 8.42. Imperial Oil's value of 15.80% is 87.8% above this benchmark. While the company's 10-year median is 9.78 vs. the industry median of 8.42, Imperial Oil 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 8.42, 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. Imperial Oil's current ROC (Joel Greenblatt) % of 15.80% is 87.8% 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 Imperial Oil 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. Imperial Oil's current ROC (Joel Greenblatt) % is 15.80%, which is 62% above median its own 10-year median of 9.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Imperial Oil stock overvalued right now?
Imperial Oil (HAM:IMP) has a current ROC (Joel Greenblatt) % of 15.80%. The stock's GF Value™ is €70.24, compared to a current price of €100.90 — trading 43.7% above its estimated fair value. The current ROC (Joel Greenblatt) % is 15.80%, which is 62% above median its 10-year median of 9.78 and 87.8% above the Oil & Gas industry median of 8.42. Imperial Oil's overall GF Score™ is 80/100 with 2 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 Imperial Oil (HAM:IMP), the current ROC (Joel Greenblatt) % is 15.80% 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 Imperial Oil (HAM:IMP) Overvalued in 2026?
Based on GuruFocus' analysis, Imperial Oil stock appears to be overvalued.
The current stock price of €100.90 is trading 43.7% above its estimated GF Value™ of €70.24.
Key valuation signals for HAM:IMP:
ROC (Joel Greenblatt) %: 15.80% (62% above median its 10-year median of 9.78)
GF Value™: €70.24 vs. price of €100.90 (43.7% above fair value)
Industry Position: 87.8% above the Oil & Gas median (#392 of 998)
No single metric tells the full story. See the HAM:IMP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Imperial Oil Ltd is an integrated oil company active in all phases of the petroleum industry in Canada, including the exploration for, and production and sale of, crude oil, natural gas, petroleum products, and petrochemicals. It also pursues lower-emission business opportunities, including carbon capture and storage, hydrogen, lower-emission fuels, and lithium. The company's reportable segments are Upstream, Downstream, and Chemical. Maximum revenue for the company is generated from its Downstream segment, which refines crude oil into petroleum products and distributes and market these products. The Upstream segment explores and produces crude oil, its equivalents, and natural gas, and the Chemical segment manufactures and markets hydrocarbon-based chemicals and chemical products.
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