Combined Group Contracting K C (KUW:CGC) ROC (Joel Greenblatt) %: 14.64% (As of Mar. 2026) — 44% Below Median

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KUW:CGC Combined Group Contracting SA K C KUW:CGC
77 GF Score
Price KWD0.90
GF Value KWD1.08
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Combined Group Contracting K C ROC (Joel Greenblatt) %?

Combined Group Contracting K C KUW:CGC -0.11% 77 ROC (Joel Greenblatt) % is 14.64% as of Mar. 2026, which is 44% below its 10-year median of 26.13. GuruFocus rates KUW:CGC with a GF Score™ of 77/100 and a GF Value™ of KWD1.08 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,779 Construction companies, Combined Group Contracting K C ranks better than 66.67% 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. Combined Group Contracting K C's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 14.64%.

The historical rank and industry rank for Combined Group Contracting K C's ROC (Joel Greenblatt) % or its related term are showing as below:

KUW:CGC' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -16.22   Med: 26.13   Max: 45.95
Current: 33.98

During the past 13 years, Combined Group Contracting K C's highest ROC (Joel Greenblatt) % was 45.95%. The lowest was -16.22%. And the median was 26.13%.

KUW:CGC's ROC (Joel Greenblatt) % is ranked better than
66.67% of 1779 companies
in the Construction industry
Industry Median: 19.68 vs KUW:CGC: 33.98

Combined Group Contracting K C's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Combined Group Contracting K C  (KUW:CGC) 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.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


Combined Group Contracting K C ROC (Joel Greenblatt) % Related Terms


Combined Group Contracting K C ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Combined Group Contracting K C'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.

Combined Group Contracting K C ROC (Joel Greenblatt) % Chart

Combined Group Contracting K C Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 45.95 37.95 34.03 33.71 39.34

Combined Group Contracting K C Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 19.56 26.55 61.84 27.96 14.64

KUW:CGC vs PWR, FIX, EME: ROC (Joel Greenblatt) % Comparison

For the Engineering & Construction subindustry, Combined Group Contracting K C'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.


Combined Group Contracting K C ROC (Joel Greenblatt) % vs Construction Industry

For the Construction industry and Industrials sector, Combined Group Contracting K C's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Combined Group Contracting K C's ROC (Joel Greenblatt) % falls into.


KUW:CGC
77GF Score
Combined Group Contracting SA K C KUW:CGC
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Combined Group Contracting K C 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:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

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.

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(60.987 + 15.312 + 48.606) - (87.324 + 0 + 18.728)
=18.853

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(63.239 + 16.53 + 48.819) - (89.778 + 0 + 17.171)
=21.639

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Combined Group Contracting K C for the quarter that ended in Mar. 2026 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=9.948/( ( (47.986 + max(18.853, 0)) + (47.415 + max(21.639, 0)) )/ 2 )
=9.948/( ( 66.839 + 69.054 )/ 2 )
=9.948/67.9465
=14.64 %

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 14.64% mean?
Combined Group Contracting K C (KUW:CGC) has a ROC (Joel Greenblatt) % of 14.64% 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 Combined Group Contracting K C and its competitors. This is 44% below median its historical median of 26.13. According to the industry distribution chart, Combined Group Contracting K C ranks #593 out of 1779 companies in the Construction industry, placing it in the top 33.3%.
Is Combined Group Contracting K C's ROC (Joel Greenblatt) % too high?
Combined Group Contracting K C's current ROC (Joel Greenblatt) % of 14.64% is 44% below median its 10-year median of 26.13. The Construction industry median ROC (Joel Greenblatt) % is 19.68. Combined Group Contracting K C's value of 14.64% is 25.6% below this industry median. Based on the distribution chart, Combined Group Contracting K C ranks #593 out of 1779 companies in the Construction industry, which is above the industry midpoint. Overall, Combined Group Contracting K C has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Combined Group Contracting K C's ROC (Joel Greenblatt) % compare to PWR and FIX?
According to the Construction industry distribution chart, Combined Group Contracting K C ranks #593 out of 1779 companies for ROC (Joel Greenblatt) %. This puts Combined Group Contracting K C in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 19.68. Combined Group Contracting K C's value of 14.64% is 25.6% below this benchmark. While the company's 10-year median is 26.13 vs. the industry median of 19.68, Combined Group Contracting K C 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 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. Combined Group Contracting K C's current ROC (Joel Greenblatt) % of 14.64% is 25.6% 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 Combined Group Contracting K C 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. Combined Group Contracting K C's current ROC (Joel Greenblatt) % is 14.64%, which is 44% below median its own 10-year median of 26.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Combined Group Contracting K C stock overvalued right now?
Based on GuruFocus' analysis, Combined Group Contracting K C (KUW:CGC) is currently considered Modestly Undervalued. The stock's GF Value™ is KWD1.08, compared to a current price of KWD0.90 — trading 16.7% below its estimated fair value. The current ROC (Joel Greenblatt) % is 14.64%, which is 44% below median its 10-year median of 26.13 and 25.6% below the Construction industry median of 19.68. Combined Group Contracting K C's overall GF Score™ is 77/100 with 3 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 Combined Group Contracting K C (KUW:CGC), the current ROC (Joel Greenblatt) % is 14.64% 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 Combined Group Contracting K C (KUW:CGC) Overvalued in 2026?

Based on GuruFocus' analysis, Combined Group Contracting K C stock appears to be undervalued. The current stock price of KWD0.90 is trading 16.7% below its estimated GF Value™ of KWD1.08. GuruFocus considers Combined Group Contracting K C to be Modestly Undervalued.

Key valuation signals for KUW:CGC:

  • ROC (Joel Greenblatt) %: 14.64% (44% below median its 10-year median of 26.13)
  • GF Value™: KWD1.08 vs. price of KWD0.90 (16.7% below fair value)
  • GF Score™: 77/100 with 3 warning signs
  • Industry Position: 25.6% below the Construction median (#593 of 1779)

No single metric tells the full story. See the KUW:CGC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Combined Group Contracting K C Business Description

Address Al Ardiya Industrial, P.O. Box : 4819, Block No. 2, Plot No. 284, Kuwait City, KWT, 13049
Combined Group Contracting SA K C is a Kuwait-based company engaged in the construction of residential, commercial, and governmental buildings, roads, and infrastructure, and oil and gas-related development projects. Its service centers are Ready Mix plant, Asphalt Factories, Heavy Equipment, and Service Centers. The Group is divided into functional divisions to manage its various lines of business. The Group operates mainly in the State of Kuwait and other Gulf countries. The Group's segments are: the State of Kuwait segment and the Gulf Countries segment. It generates the majority of its revenue from the State of Kuwait segment.
77GF Score

Get the complete analysis for KUW:CGC

ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

KWD0.90
Price
KWD1.08
GF Value