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. InterOil Exploration and Production ASA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -53.31%.
IOXPF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -61.86 Med: -8.01 Max: 12.83
Current: -61.86
During the past 13 years, InterOil Exploration and Production ASA's highest ROC (Joel Greenblatt) % was 12.83%. The lowest was -61.86%. And the median was -8.01%.
IOXPF's ROC (Joel Greenblatt) % is ranked worse than 89.57% of 997
companies
in the Oil & Gas industry
Industry Median: 8.41
vs IOXPF: -61.86
InterOil Exploration and Production ASA (GREY:IOXPF) 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.
* 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.
InterOil Exploration and Production ASA ROC (Joel Greenblatt) % Chart
InterOil Exploration and Production ASA Annual Data
IOXPF vs COP, EOG, OXY: ROC (Joel Greenblatt) % Comparison
For the Oil & Gas E&P subindustry, InterOil Exploration and Production ASA'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.
InterOil Exploration and Production ASA ROC (Joel Greenblatt) % vs Oil & Gas Industry
InterOil Exploration and Production ASA 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 -53.31% mean?
InterOil Exploration and Production ASA (IOXPF) has a ROC (Joel Greenblatt) % of -53.31% 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 InterOil Exploration and Production ASA and its competitors. According to the industry distribution chart, InterOil Exploration and Production ASA ranks #893 out of 997 companies in the Oil & Gas industry, placing it in the top 89.6%.
Is InterOil Exploration and Production ASA's ROC (Joel Greenblatt) % too high?
InterOil Exploration and Production ASA's current ROC (Joel Greenblatt) % is -53.31%. Based on the distribution chart, InterOil Exploration and Production ASA ranks #893 out of 997 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, InterOil Exploration and Production ASA has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does InterOil Exploration and Production ASA's ROC (Joel Greenblatt) % compare to COP and EOG?
According to the Oil & Gas industry distribution chart, InterOil Exploration and Production ASA ranks #893 out of 997 companies for ROC (Joel Greenblatt) %. This places InterOil Exploration and Production ASA in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 8.41. 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 8.41, 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. 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 InterOil Exploration and Production ASA and its competitors. For the Oil & Gas industry, the median ROC (Joel Greenblatt) % is 8.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. InterOil Exploration and Production ASA's current ROC (Joel Greenblatt) % is -53.31%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is InterOil Exploration and Production ASA stock overvalued right now?
InterOil Exploration and Production ASA (IOXPF) has a current ROC (Joel Greenblatt) % of -53.31%. The stock's GF Value™ is $0.47, compared to a current price of $0.70 — trading 48.9% above its estimated fair value. The current ROC (Joel Greenblatt) % is -53.31%. InterOil Exploration and Production ASA's overall GF Score™ is 28/100 with 7 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 InterOil Exploration and Production ASA (IOXPF), the current ROC (Joel Greenblatt) % is -53.31% 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 InterOil Exploration and Production ASA (IOXPF) Overvalued in 2026?
Based on GuruFocus' analysis, InterOil Exploration and Production ASA stock appears to be overvalued.
The current stock price of $0.70 is trading 48.9% above its estimated GF Value™ of $0.47.
Key valuation signals for IOXPF:
ROC (Joel Greenblatt) %: -53.31%
GF Value™: $0.47 vs. price of $0.70 (48.9% above fair value)
No single metric tells the full story. See the IOXPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
InterOil Exploration and Production ASA Business Description
InterOil Exploration and Production ASA is an upstream oil exploration and production company. It is engaged in the exploration, development, production, purchase, and sale of oil and natural gas deposits. The group has a reportable segment namely Colombia and Argentina, which consists of upstream activities including oil and natural gas exploration, field development, and production from its licenses in Colombia, which is the group's strategic business unit. The operations of the firm are carried out in Colombia and Argentina.
28GF Score
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