Harbour EnergyHBRIY +0.33%79 ROC (Joel Greenblatt) % is 14.66% as of Dec. 2025, which is 22% above its 10-year median of 11.98. GuruFocus rates HBRIY with a GF Score™ of 79/100 and a GF Value™ of $4.38 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 997 Oil & Gas companies, Harbour Energy ranks better than 68% 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. Harbour Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 14.66%.
The historical rank and industry rank for Harbour Energy's ROC (Joel Greenblatt) % or its related term are showing as below:
HBRIY'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -9.59 Med: 11.98 Max: 35.18
Current: 16.15
During the past 6 years, Harbour Energy's highest ROC (Joel Greenblatt) % was 35.18%. The lowest was -9.59%. And the median was 11.98%.
HBRIY's ROC (Joel Greenblatt) % is ranked better than 68% of 997
companies
in the Oil & Gas industry
Industry Median: 8.55
vs HBRIY: 16.15
Harbour Energy's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Harbour Energy (OTCPK:HBRIY) 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.
Harbour Energy ROC (Joel Greenblatt) % Related Terms
Harbour Energy ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Harbour 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.
HBRIY vs COP, EOG, FANG: ROC (Joel Greenblatt) % Comparison
For the Oil & Gas E&P subindustry, Harbour 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.
Harbour Energy ROC (Joel Greenblatt) % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Harbour Energy's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Harbour Energy's ROC (Joel Greenblatt) % falls into.
Harbour Energy 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 two times the semi-annual (Dec. 2025) 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 14.66% mean?
Harbour Energy (HBRIY) has a ROC (Joel Greenblatt) % of 14.66% as of Dec. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Harbour Energy and its competitors. This is 22% above median its historical median of 11.98. According to the industry distribution chart, Harbour Energy ranks #319 out of 997 companies in the Oil & Gas industry, placing it in the top 32%.
Is Harbour Energy's ROC (Joel Greenblatt) % too high?
Harbour Energy's current ROC (Joel Greenblatt) % of 14.66% is 22% above median its 10-year median of 11.98. The Oil & Gas industry median ROC (Joel Greenblatt) % is 8.55. Harbour Energy's value of 14.66% is 71.5% above this industry median. Based on the distribution chart, Harbour Energy ranks #319 out of 997 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Harbour Energy has a GF Score™ of 79/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Harbour Energy's ROC (Joel Greenblatt) % compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Harbour Energy ranks #319 out of 997 companies for ROC (Joel Greenblatt) %. This puts Harbour Energy in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 8.55. Harbour Energy's value of 14.66% is 71.5% above this benchmark. While the company's 10-year median is 11.98 vs. the industry median of 8.55, Harbour Energy 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 8.55, based on 997 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. Harbour Energy's current ROC (Joel Greenblatt) % of 14.66% is 71.5% 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 Harbour Energy and its competitors. For the Oil & Gas industry, the median ROC (Joel Greenblatt) % is 8.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harbour Energy's current ROC (Joel Greenblatt) % is 14.66%, which is 22% above median its own 10-year median of 11.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harbour Energy stock overvalued right now?
Based on GuruFocus' analysis, Harbour Energy (HBRIY) is currently considered Possible Value Trap. The stock's GF Value™ is $4.38, compared to a current price of $3.07 — trading 29.9% below its estimated fair value. The current ROC (Joel Greenblatt) % is 14.66%, which is 22% above median its 10-year median of 11.98 and 71.5% above the Oil & Gas industry median of 8.55. Harbour Energy's overall GF Score™ is 79/100 with 6 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 Harbour Energy (HBRIY), the current ROC (Joel Greenblatt) % is 14.66% as of Dec. 2025. 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 Harbour Energy (HBRIY) Overvalued in 2026?
Based on GuruFocus' analysis, Harbour Energy stock appears to be undervalued.
The current stock price of $3.07 is trading 29.9% below its estimated GF Value™ of $4.38.
GuruFocus considers Harbour Energy to be Possible Value Trap.
Key valuation signals for HBRIY:
ROC (Joel Greenblatt) %: 14.66% (22% above median its 10-year median of 11.98)
GF Value™: $4.38 vs. price of $3.07 (29.9% below fair value)
Industry Position: 71.5% above the Oil & Gas median (#319 of 997)
No single metric tells the full story. See the HBRIY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harbour Energy PLC is an independent upstream oil and gas company engaged in the acquisition, exploration, development, and production of oil and natural gas reserves. The operating segments are divided geographically and managed across nine business units: namely Norway, UK, Germany, Mexico, Argentina, North Africa, Southeast Asia, CCS and Corporate. The CCS segment includes Denmark. The majority of the company's revenue is derived from the sale of crude oil in Norway.
79GF Score
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