James HalsteadJMHSF 77 ROC (Joel Greenblatt) % is 43.20% as of Dec. 2025, which is 23% below its 10-year median of 55.89. GuruFocus rates JMHSF with a GF Score™ of 77/100 and a GF Value™ of $2.22 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,775 Construction companies, James Halstead ranks better than 73.86% 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. James Halstead's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 43.20%.
The historical rank and industry rank for James Halstead's ROC (Joel Greenblatt) % or its related term are showing as below:
JMHSF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 44.51 Med: 55.89 Max: 66.01
Current: 44.9
During the past 13 years, James Halstead's highest ROC (Joel Greenblatt) % was 66.01%. The lowest was 44.51%. And the median was 55.89%.
JMHSF's ROC (Joel Greenblatt) % is ranked better than 73.86% of 1775
companies
in the Construction industry
Industry Median: 19.37
vs JMHSF: 44.90
James Halstead's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -3.20% per year.
James Halstead (OTCPK:JMHSF) 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.
James Halstead ROC (Joel Greenblatt) % Related Terms
James Halstead ROC (Joel Greenblatt) % Historical Data
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The historical data trend for James Halstead'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.
JMHSF vs TT, JCI, CARR: ROC (Joel Greenblatt) % Comparison
For the Building Products & Equipment subindustry, James Halstead'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.
James Halstead ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, James Halstead's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where James Halstead's ROC (Joel Greenblatt) % falls into.
James Halstead 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 43.20% mean?
James Halstead (JMHSF) has a ROC (Joel Greenblatt) % of 43.20% 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 James Halstead and its competitors. This is 23% below median its historical median of 55.89. Over the past decade, James Halstead's ROC (Joel Greenblatt) % has ranged from 44.51 to 66.01. According to the industry distribution chart, James Halstead ranks #464 out of 1775 companies in the Construction industry, placing it in the top 26.1%.
Is James Halstead's ROC (Joel Greenblatt) % too high?
James Halstead's current ROC (Joel Greenblatt) % of 43.20% is 23% below median its 10-year median of 55.89. Over the past 10 years, this metric has ranged from a low of 44.51 to a high of 66.01. The Construction industry median ROC (Joel Greenblatt) % is 19.37. James Halstead's value of 43.20% is 123% above this industry median. Based on the distribution chart, James Halstead ranks #464 out of 1775 companies in the Construction industry, which is above the industry midpoint. Overall, James Halstead has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does James Halstead's ROC (Joel Greenblatt) % compare to TT and JCI?
According to the Construction industry distribution chart, James Halstead ranks #464 out of 1775 companies for ROC (Joel Greenblatt) %. This puts James Halstead in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 19.37. James Halstead's value of 43.20% is 123% above this benchmark. Historically, James Halstead's own ROC (Joel Greenblatt) % has ranged from 44.51 to 66.01 over the past decade. While the company's 10-year median is 55.89 vs. the industry median of 19.37, James Halstead 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 a Construction company?
The median ROC (Joel Greenblatt) % among Construction companies is 19.37, based on 1,775 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. James Halstead's current ROC (Joel Greenblatt) % of 43.20% is 123% 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 James Halstead and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. James Halstead's current ROC (Joel Greenblatt) % is 43.20%, which is 23% below median its own 10-year median of 55.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is James Halstead stock overvalued right now?
Based on GuruFocus' analysis, James Halstead (JMHSF) is currently considered Modestly Undervalued. The stock's GF Value™ is $2.22, compared to a current price of $1.68 — trading 24.1% below its estimated fair value. The current ROC (Joel Greenblatt) % is 43.20%, which is 23% below median its 10-year median of 55.89 and 123% above the Construction industry median of 19.37. James Halstead's overall GF Score™ is 77/100 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 James Halstead (JMHSF), the current ROC (Joel Greenblatt) % is 43.20% 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 James Halstead (JMHSF) Overvalued in 2026?
Based on GuruFocus' analysis, James Halstead stock appears to be undervalued.
The current stock price of $1.68 is trading 24.1% below its estimated GF Value™ of $2.22.
GuruFocus considers James Halstead to be Modestly Undervalued.
Key valuation signals for JMHSF:
ROC (Joel Greenblatt) %: 43.20% (23% below median its 10-year median of 55.89)
GF Value™: $2.22 vs. price of $1.68 (24.1% below fair value)
Industry Position: 123% above the Construction median (#464 of 1775)
No single metric tells the full story. See the JMHSF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
James Halstead PLC manufactures commercial, contract, and consumer flooring. The flooring is used in offices, retail shops, factories, clinics, hospitals, schools, hotels, cinemas, restaurants, and airports. The firm's portfolio of brands includes Polyflor, Polysafe, Expona, Performa, Saarfloor Systems, Megastrong, Camaro, Colonia, Kudos, Expona Domestic, Voyager, Forest fx, Cavalio, and Arai. Arai is a helmet manufacturer focused on motorsports. Its geographic segments include the United Kingdom; Europe and Scandinavia; Australasia and Asia; and the Rest of the World.
77GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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