Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Wilson Bayly Holmes-OvconJSE:WBO +2.36%83 ROC (Joel Greenblatt) % is 62.09% as of Dec. 2025, which is 5% below its 10-year median of 65.53. GuruFocus rates JSE:WBO with a GF Score™ of 83/100 and a GF Value™ of R171.27 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,779 Construction companies, Wilson Bayly Holmes-Ovcon ranks better than 82.29% 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. Wilson Bayly Holmes-Ovcon's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 62.09%.
The historical rank and industry rank for Wilson Bayly Holmes-Ovcon's ROC (Joel Greenblatt) % or its related term are showing as below:
JSE:WBO'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -13.34 Med: 65.53 Max: 69.17
Current: 66.03
During the past 13 years, Wilson Bayly Holmes-Ovcon's highest ROC (Joel Greenblatt) % was 69.17%. The lowest was -13.34%. And the median was 65.53%.
JSE:WBO's ROC (Joel Greenblatt) % is ranked better than 82.29% of 1779
companies
in the Construction industry
Industry Median: 19.68
vs JSE:WBO: 66.03
Wilson Bayly Holmes-Ovcon's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Wilson Bayly Holmes-Ovcon (JSE:WBO) 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.
Wilson Bayly Holmes-Ovcon ROC (Joel Greenblatt) % Related Terms
Wilson Bayly Holmes-Ovcon ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Wilson Bayly Holmes-Ovcon'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.
Wilson Bayly Holmes-Ovcon ROC (Joel Greenblatt) % Chart
JSE:WBO vs PWR, FIX, EME: ROC (Joel Greenblatt) % Comparison
For the Engineering & Construction subindustry, Wilson Bayly Holmes-Ovcon'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.
Wilson Bayly Holmes-Ovcon ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Wilson Bayly Holmes-Ovcon's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Wilson Bayly Holmes-Ovcon's ROC (Joel Greenblatt) % falls into.
Wilson Bayly Holmes-Ovcon 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 62.09% mean?
Wilson Bayly Holmes-Ovcon (JSE:WBO) has a ROC (Joel Greenblatt) % of 62.09% 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 Wilson Bayly Holmes-Ovcon and its competitors. This is near median its historical median of 65.53. According to the industry distribution chart, Wilson Bayly Holmes-Ovcon ranks #315 out of 1779 companies in the Construction industry, placing it in the top 17.7%.
Is Wilson Bayly Holmes-Ovcon's ROC (Joel Greenblatt) % too high?
Wilson Bayly Holmes-Ovcon's current ROC (Joel Greenblatt) % of 62.09% is near median its 10-year median of 65.53. The Construction industry median ROC (Joel Greenblatt) % is 19.68. Wilson Bayly Holmes-Ovcon's value of 62.09% is 215.5% above this industry median. Based on the distribution chart, Wilson Bayly Holmes-Ovcon ranks #315 out of 1779 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Wilson Bayly Holmes-Ovcon has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Wilson Bayly Holmes-Ovcon's ROC (Joel Greenblatt) % compare to PWR and FIX?
According to the Construction industry distribution chart, Wilson Bayly Holmes-Ovcon ranks #315 out of 1779 companies for ROC (Joel Greenblatt) %. This places Wilson Bayly Holmes-Ovcon in the top 18% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 19.68. Wilson Bayly Holmes-Ovcon's value of 62.09% is 215.5% above this benchmark. While the company's 10-year median is 65.53 vs. the industry median of 19.68, Wilson Bayly Holmes-Ovcon 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 19.68, based on 1,779 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. Wilson Bayly Holmes-Ovcon's current ROC (Joel Greenblatt) % of 62.09% is 215.5% 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 Wilson Bayly Holmes-Ovcon and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wilson Bayly Holmes-Ovcon's current ROC (Joel Greenblatt) % is 62.09%, which is near median its own 10-year median of 65.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wilson Bayly Holmes-Ovcon stock overvalued right now?
Based on GuruFocus' analysis, Wilson Bayly Holmes-Ovcon (JSE:WBO) is currently considered Fairly Valued. The stock's GF Value™ is R171.27, compared to a current price of R157.63 — trading 8% below its estimated fair value. The current ROC (Joel Greenblatt) % is 62.09%, which is near median its 10-year median of 65.53 and 215.5% above the Construction industry median of 19.68. Wilson Bayly Holmes-Ovcon's overall GF Score™ is 83/100 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 Wilson Bayly Holmes-Ovcon (JSE:WBO), the current ROC (Joel Greenblatt) % is 62.09% 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 Wilson Bayly Holmes-Ovcon (JSE:WBO) Overvalued in 2026?
Based on GuruFocus' analysis, Wilson Bayly Holmes-Ovcon stock appears to be undervalued.
The current stock price of R157.63 is trading 8% below its estimated GF Value™ of R171.27.
GuruFocus considers Wilson Bayly Holmes-Ovcon to be Fairly Valued.
Key valuation signals for JSE:WBO:
ROC (Joel Greenblatt) %: 62.09% (near median its 10-year median of 65.53)
GF Value™: R171.27 vs. price of R157.63 (8% below fair value)
Industry Position: 215.5% above the Construction median (#315 of 1779)
No single metric tells the full story. See the JSE:WBO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Wilson Bayly Holmes-Ovcon Ltd is a South Africa-based construction company. The company's business activities encompass designing, construction, and procurement, as well as civil engineering, works for large-scale public and private projects, roads and earthworks projects, and turnkey projects. The company also provides construction materials, real estate development, and other services. Its customers predominantly come from the retail, residential, hotel and entertainment, infrastructure, mining, energy, and oil and gas sectors. Its segment include: Building and civil Engineering, Roads and earthworks, Property developments, Construction materials, and United Kingdom. It operates in South Africa, United Kingdom and Rest of Africa, of which maximum revenue is generated from South Africa.
83GF Score
Get the complete analysis for JSE:WBO
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
JSE:WBO has been successfully added to your 
