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New Horizon AircraftHOVR -12.28%14 ROC (Joel Greenblatt) % is -1,566.78% as of May. 2026. GuruFocus rates HOVR with a GF Score™ of 14/100. The stock has 2 warning signs investors should review. Among 357 Aerospace & Defense companies, New Horizon Aircraft ranks worse than 99.44% 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. New Horizon Aircraft's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2026 was -1,566.78%.
The historical rank and industry rank for New Horizon Aircraft's ROC (Joel Greenblatt) % or its related term are showing as below:
HOVR'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -6735.22 Med: -560.03 Max: -465.52
Current: -6735.22
During the past 5 years, New Horizon Aircraft's highest ROC (Joel Greenblatt) % was -465.52%. The lowest was -6735.22%. And the median was -560.03%.
HOVR's ROC (Joel Greenblatt) % is ranked worse than 99.44% of 357
companies
in the Aerospace & Defense industry
Industry Median: 10.76
vs HOVR: -6735.22
New Horizon Aircraft's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
New Horizon Aircraft (NAS:HOVR) 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.
New Horizon Aircraft ROC (Joel Greenblatt) % Related Terms
New Horizon Aircraft ROC (Joel Greenblatt) % Historical Data
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The historical data trend for New Horizon Aircraft'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.
New Horizon Aircraft ROC (Joel Greenblatt) % Chart
HOVR vs VWAV, CODA, BYRN: ROC (Joel Greenblatt) % Comparison
For the Aerospace & Defense subindustry, New Horizon Aircraft'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.
New Horizon Aircraft ROC (Joel Greenblatt) % vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, New Horizon Aircraft's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where New Horizon Aircraft's ROC (Joel Greenblatt) % falls into.
New Horizon Aircraft 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 (May. 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 -1,566.78% mean?
New Horizon Aircraft (HOVR) has a ROC (Joel Greenblatt) % of -1,566.78% as of May. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on New Horizon Aircraft and its competitors. According to the industry distribution chart, New Horizon Aircraft ranks #355 out of 357 companies in the Aerospace & Defense industry, placing it in the top 99.4%.
Is New Horizon Aircraft's ROC (Joel Greenblatt) % too high?
New Horizon Aircraft's current ROC (Joel Greenblatt) % is -1,566.78%. Based on the distribution chart, New Horizon Aircraft ranks #355 out of 357 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, New Horizon Aircraft has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does New Horizon Aircraft's ROC (Joel Greenblatt) % compare to VWAV and CODA?
According to the Aerospace & Defense industry distribution chart, New Horizon Aircraft ranks #355 out of 357 companies for ROC (Joel Greenblatt) %. This places New Horizon Aircraft in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 10.76. 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 Aerospace & Defense company?
The median ROC (Joel Greenblatt) % among Aerospace & Defense companies is 10.76, based on 357 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 New Horizon Aircraft and its competitors. For the Aerospace & Defense industry, the median ROC (Joel Greenblatt) % is 10.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. New Horizon Aircraft's current ROC (Joel Greenblatt) % is -1,566.78%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Horizon Aircraft stock overvalued right now?
New Horizon Aircraft (HOVR) has a current ROC (Joel Greenblatt) % of -1,566.78%. The current ROC (Joel Greenblatt) % is -1,566.78%. New Horizon Aircraft's overall GF Score™ is 14/100 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 New Horizon Aircraft (HOVR), the current ROC (Joel Greenblatt) % is -1,566.78% as of May. 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.
New Horizon Aircraft Ltd is an aerospace Original Equipment Manufacturer that is designing and building a next-generation hybrid electric vertical take-off and landing aircraft for the regional air mobility market. Its aircraft will offer a more efficient way to move people and goods at a regional scale, help to connect remote communities, and advance its ability to deal with an increasing number of climate-related natural disasters such as wildfires, floods, and droughts. The company aims to deliver a hybrid electric 7-seat aircraft, called the Cavorite X7, that can take off and land vertically like and helicopter.
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