Health CatalystHCAT +3.76%49 ROC (Joel Greenblatt) % is -1,037.08% as of Mar. 2026. GuruFocus rates HCAT with a GF Score™ of 49/100 and a GF Value™ of $5.03 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 670 Healthcare Providers & Services companies, Health Catalyst ranks worse than 88.06% 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. Health Catalyst's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -1,037.08%.
The historical rank and industry rank for Health Catalyst's ROC (Joel Greenblatt) % or its related term are showing as below:
HCAT'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -846.31 Med: -373.5 Max: -128.46
Current: -575.57
During the past 9 years, Health Catalyst's highest ROC (Joel Greenblatt) % was -128.46%. The lowest was -846.31%. And the median was -373.50%.
HCAT's ROC (Joel Greenblatt) % is ranked worse than 88.06% of 670
companies
in the Healthcare Providers & Services industry
Industry Median: 12.43
vs HCAT: -575.57
Health Catalyst's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 11.60% per year.
Health Catalyst (NAS:HCAT) 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.
Health Catalyst ROC (Joel Greenblatt) % Related Terms
Health Catalyst ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Health Catalyst'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.
HCAT vs SY, AMWL, OPRX: ROC (Joel Greenblatt) % Comparison
For the Health Information Services subindustry, Health Catalyst'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.
Health Catalyst ROC (Joel Greenblatt) % vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Health Catalyst's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Health Catalyst's ROC (Joel Greenblatt) % falls into.
Health Catalyst 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 -1,037.08% mean?
Health Catalyst (HCAT) has a ROC (Joel Greenblatt) % of -1,037.08% 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 Health Catalyst and its competitors. According to the industry distribution chart, Health Catalyst ranks #590 out of 670 companies in the Healthcare Providers & Services industry, placing it in the top 88.1%.
Is Health Catalyst's ROC (Joel Greenblatt) % too high?
Health Catalyst's current ROC (Joel Greenblatt) % is -1,037.08%. Based on the distribution chart, Health Catalyst ranks #590 out of 670 companies in the Healthcare Providers & Services industry, which is in the bottom quartile relative to peers. Overall, Health Catalyst has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Health Catalyst's ROC (Joel Greenblatt) % compare to SY and AMWL?
According to the Healthcare Providers & Services industry distribution chart, Health Catalyst ranks #590 out of 670 companies for ROC (Joel Greenblatt) %. This places Health Catalyst in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 12.43. 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 Healthcare Providers & Services company?
The median ROC (Joel Greenblatt) % among Healthcare Providers & Services companies is 12.43, based on 670 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. 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 Health Catalyst and its competitors. For the Healthcare Providers & Services industry, the median ROC (Joel Greenblatt) % is 12.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Health Catalyst's current ROC (Joel Greenblatt) % is -1,037.08%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Health Catalyst stock overvalued right now?
Based on GuruFocus' analysis, Health Catalyst (HCAT) is currently considered Possible Value Trap. The stock's GF Value™ is $5.03, compared to a current price of $2.08 — trading 58.6% below its estimated fair value. The current ROC (Joel Greenblatt) % is -1,037.08%. Health Catalyst's overall GF Score™ is 49/100 with 5 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 Health Catalyst (HCAT), the current ROC (Joel Greenblatt) % is -1,037.08% 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 Health Catalyst (HCAT) Overvalued in 2026?
Based on GuruFocus' analysis, Health Catalyst stock appears to be undervalued.
The current stock price of $2.08 is trading 58.6% below its estimated GF Value™ of $5.03.
GuruFocus considers Health Catalyst to be Possible Value Trap.
Key valuation signals for HCAT:
ROC (Joel Greenblatt) %: -1,037.08%
GF Value™: $5.03 vs. price of $2.08 (58.6% below fair value)
No single metric tells the full story. See the HCAT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Health Catalyst Inc provides data and analytics technology and services to healthcare organizations. It has two operating segments. The Technology segment, the key revenue driver, includes data platform, analytics applications and support services and generates revenues mainly from contracts that are cloud-based subscription arrangements, time-based license arrangements, and maintenance and support fees; the Professional Services segment is generally the combination of analytics, implementation, strategic advisory, outsourcing, and improvement services to deliver expertise to its customers to more fully configure and utilize the benefits of the technology offerings.
49GF Score
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