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KNOT Offshore Partners LPKNOP -0.56%62 ROC (Joel Greenblatt) % is 4.37% as of Mar. 2026, which is 25% below its 10-year median of 5.85. GuruFocus rates KNOP with a GF Score™ of 62/100 and a GF Value™ of $8.09 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 997 Oil & Gas companies, KNOT Offshore Partners LP ranks worse than 58.68% 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. KNOT Offshore Partners LP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 4.37%.
The historical rank and industry rank for KNOT Offshore Partners LP's ROC (Joel Greenblatt) % or its related term are showing as below:
KNOP'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.95 Med: 5.85 Max: 7.39
Current: 4.99
During the past 13 years, KNOT Offshore Partners LP's highest ROC (Joel Greenblatt) % was 7.39%. The lowest was 1.95%. And the median was 5.85%.
KNOP's ROC (Joel Greenblatt) % is ranked worse than 58.68% of 997
companies
in the Oil & Gas industry
Industry Median: 8.55
vs KNOP: 4.99
KNOT Offshore Partners LP's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -2.20% per year.
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.
KNOT Offshore Partners LP ROC (Joel Greenblatt) % Related Terms
KNOT Offshore Partners LP ROC (Joel Greenblatt) % Historical Data
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The historical data trend for KNOT Offshore Partners LP'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.
KNOP vs SMC, IMPP, TORO: ROC (Joel Greenblatt) % Comparison
For the Oil & Gas Midstream subindustry, KNOT Offshore Partners LP'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.
KNOT Offshore Partners LP ROC (Joel Greenblatt) % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, KNOT Offshore Partners LP's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where KNOT Offshore Partners LP's ROC (Joel Greenblatt) % falls into.
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 4.37% mean?
KNOT Offshore Partners LP (KNOP) has a ROC (Joel Greenblatt) % of 4.37% 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 KNOT Offshore Partners LP and its competitors. This is 25% below median its historical median of 5.85. Over the past decade, KNOT Offshore Partners LP's ROC (Joel Greenblatt) % has ranged from 1.95 to 7.39. According to the industry distribution chart, KNOT Offshore Partners LP ranks #585 out of 997 companies in the Oil & Gas industry, placing it in the top 58.7%.
Is KNOT Offshore Partners LP's ROC (Joel Greenblatt) % too high?
KNOT Offshore Partners LP's current ROC (Joel Greenblatt) % of 4.37% is 25% below median its 10-year median of 5.85. Over the past 10 years, this metric has ranged from a low of 1.95 to a high of 7.39. The Oil & Gas industry median ROC (Joel Greenblatt) % is 8.55. KNOT Offshore Partners LP's value of 4.37% is 48.9% below this industry median. Based on the distribution chart, KNOT Offshore Partners LP ranks #585 out of 997 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, KNOT Offshore Partners LP has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does KNOT Offshore Partners LP's ROC (Joel Greenblatt) % compare to SMC and IMPP?
According to the Oil & Gas industry distribution chart, KNOT Offshore Partners LP ranks #585 out of 997 companies for ROC (Joel Greenblatt) %. This places KNOT Offshore Partners LP in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 8.55. KNOT Offshore Partners LP's value of 4.37% is 48.9% below this benchmark. Historically, KNOT Offshore Partners LP's own ROC (Joel Greenblatt) % has ranged from 1.95 to 7.39 over the past decade. While the company's 10-year median is 5.85 vs. the industry median of 8.55, KNOT Offshore Partners LP has consistently been below 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 an Oil & Gas company?
The median ROC (Joel Greenblatt) % among Oil & Gas companies is 8.55, 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. KNOT Offshore Partners LP's current ROC (Joel Greenblatt) % of 4.37% is 48.9% below 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 KNOT Offshore Partners LP and its competitors. For the Oil & Gas industry, the median ROC (Joel Greenblatt) % is 8.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KNOT Offshore Partners LP's current ROC (Joel Greenblatt) % is 4.37%, which is 25% below median its own 10-year median of 5.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KNOT Offshore Partners LP stock overvalued right now?
Based on GuruFocus' analysis, KNOT Offshore Partners LP (KNOP) is currently considered Significantly Overvalued. The stock's GF Value™ is $8.09, compared to a current price of $10.64 — trading 31.5% above its estimated fair value. The current ROC (Joel Greenblatt) % is 4.37%, which is 25% below median its 10-year median of 5.85 and 48.9% below the Oil & Gas industry median of 8.55. KNOT Offshore Partners LP's overall GF Score™ is 62/100 with 9 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 KNOT Offshore Partners LP (KNOP), the current ROC (Joel Greenblatt) % is 4.37% 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 KNOT Offshore Partners LP (KNOP) Overvalued in 2026?
Based on GuruFocus' analysis, KNOT Offshore Partners LP stock appears to be overvalued.
The current stock price of $10.64 is trading 31.5% above its estimated GF Value™ of $8.09.
GuruFocus considers KNOT Offshore Partners LP to be Significantly Overvalued.
Key valuation signals for KNOP:
ROC (Joel Greenblatt) %: 4.37% (25% below median its 10-year median of 5.85)
GF Value™: $8.09 vs. price of $10.64 (31.5% above fair value)
Industry Position: 48.9% below the Oil & Gas median (#585 of 997)
No single metric tells the full story. See the KNOP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
KNOT Offshore Partners LP owns, operates, and shuttles tankers under long-term charters in the North Sea and Brazil. The company provides crude oil loading, transportation, and storage services under time charters and bareboat charters. The Partnership is formed for acquiring ownership interests in over four shuttle tankers owned by Knutsen NYK Offshore Tankers AS (KNOT). It operates through the shuttle tanker market segment.
62GF Score
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