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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. United Projects Co for Aviation Services KSCC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -4,658.82%.
KUW:UPAC's ROC (Joel Greenblatt) % is ranked worse than 96.7% of 999
companies
in the Transportation industry
Industry Median: 11.65
vs KUW:UPAC: -48.98
United Projects Co for Aviation Services KSCC (KUW:UPAC) 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.
United Projects Co for Aviation Services KSCC ROC (Joel Greenblatt) % Chart
United Projects Co for Aviation Services KSCC Annual Data
KUW:UPAC vs JOBY, CAAP: ROC (Joel Greenblatt) % Comparison
For the Airports & Air Services subindustry, United Projects Co for Aviation Services KSCC'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.
United Projects Co for Aviation Services KSCC ROC (Joel Greenblatt) % vs Transportation Industry
United Projects Co for Aviation Services KSCC 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 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 -4,658.82% mean?
United Projects Co for Aviation Services KSCC (KUW:UPAC) has a ROC (Joel Greenblatt) % of -4,658.82% 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 United Projects Co for Aviation Services KSCC and its competitors. According to the industry distribution chart, United Projects Co for Aviation Services KSCC ranks #966 out of 999 companies in the Transportation industry, placing it in the top 96.7%.
Is United Projects Co for Aviation Services KSCC's ROC (Joel Greenblatt) % too high?
United Projects Co for Aviation Services KSCC's current ROC (Joel Greenblatt) % is -4,658.82%. Based on the distribution chart, United Projects Co for Aviation Services KSCC ranks #966 out of 999 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, United Projects Co for Aviation Services KSCC has a GF Score™ of 21/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does United Projects Co for Aviation Services KSCC's ROC (Joel Greenblatt) % compare to JOBY and CAAP?
According to the Transportation industry distribution chart, United Projects Co for Aviation Services KSCC ranks #966 out of 999 companies for ROC (Joel Greenblatt) %. This places United Projects Co for Aviation Services KSCC in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 11.65. 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 Transportation company?
The median ROC (Joel Greenblatt) % among Transportation companies is 11.65, based on 999 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 United Projects Co for Aviation Services KSCC and its competitors. For the Transportation industry, the median ROC (Joel Greenblatt) % is 11.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. United Projects Co for Aviation Services KSCC's current ROC (Joel Greenblatt) % is -4,658.82%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Projects Co for Aviation Services KSCC stock overvalued right now?
Based on GuruFocus' analysis, United Projects Co for Aviation Services KSCC (KUW:UPAC) is currently considered Significantly Overvalued. The stock's GF Value™ is KWD0.04, compared to a current price of KWD0.19 — trading 385% above its estimated fair value. The current ROC (Joel Greenblatt) % is -4,658.82%. United Projects Co for Aviation Services KSCC's overall GF Score™ is 21/100 with 5 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 United Projects Co for Aviation Services KSCC (KUW:UPAC), the current ROC (Joel Greenblatt) % is -4,658.82% 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 United Projects Co for Aviation Services KSCC (KUW:UPAC) Overvalued in 2026?
Based on GuruFocus' analysis, United Projects Co for Aviation Services KSCC stock appears to be overvalued.
The current stock price of KWD0.19 is trading 385% above its estimated GF Value™ of KWD0.04.
GuruFocus considers United Projects Co for Aviation Services KSCC to be Significantly Overvalued.
Key valuation signals for KUW:UPAC:
ROC (Joel Greenblatt) %: -4,658.82%
GF Value™: KWD0.04 vs. price of KWD0.19 (385% above fair value)
No single metric tells the full story. See the KUW:UPAC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
United Projects Co for Aviation Services KSCC Business Description
United Projects Co for Aviation Services KSCC is a Kuwait-based company that provides full-service commercial real estate and facilities management. Its services include real estate management, project management and consultancy, as well as maintenance and facilities management services. The company's services are used by retailers, food and beverage companies, airline companies, and financial institutions. It is organised in two operating segments: Investments: consists of investing in the Project and surplus funds in investment portfolios. Service operations: consist of managing projects and providing airplane ground and cleaning services, and other service facilities. The Service Operations segment generates the maximum revenue for the company.
21GF Score
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