Limbach HoldingsLMB +2.92%80 ROC (Joel Greenblatt) % is 7.01% as of Mar. 2026, which is 79% below its 10-year median of 33.01. GuruFocus rates LMB with a GF Score™ of 80/100 and a GF Value™ of $86.09 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,775 Construction companies, Limbach Holdings ranks better than 80.96% 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. Limbach Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 7.01%.
The historical rank and industry rank for Limbach Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
LMB'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.57 Med: 33.01 Max: 90.73
Current: 62.31
During the past 12 years, Limbach Holdings's highest ROC (Joel Greenblatt) % was 90.73%. The lowest was 5.57%. And the median was 33.01%.
LMB's ROC (Joel Greenblatt) % is ranked better than 80.96% of 1775
companies
in the Construction industry
Industry Median: 19.38
vs LMB: 62.31
Limbach Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 25.70% 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.
Limbach Holdings ROC (Joel Greenblatt) % Related Terms
Limbach Holdings ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Limbach Holdings'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.
LMB vs APOG, NX, SWIM: ROC (Joel Greenblatt) % Comparison
For the Building Products & Equipment subindustry, Limbach Holdings'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.
Limbach Holdings ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Limbach Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Limbach Holdings'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 7.01% mean?
Limbach Holdings (LMB) has a ROC (Joel Greenblatt) % of 7.01% 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 Limbach Holdings and its competitors. This is 79% below median its historical median of 33.01. Over the past decade, Limbach Holdings' ROC (Joel Greenblatt) % has ranged from 5.57 to 90.73. According to the industry distribution chart, Limbach Holdings ranks #338 out of 1775 companies in the Construction industry, placing it in the top 19%.
Is Limbach Holdings' ROC (Joel Greenblatt) % too high?
Limbach Holdings' current ROC (Joel Greenblatt) % of 7.01% is 79% below median its 10-year median of 33.01. Over the past 10 years, this metric has ranged from a low of 5.57 to a high of 90.73. The Construction industry median ROC (Joel Greenblatt) % is 19.38. Limbach Holdings' value of 7.01% is 63.8% below this industry median. Based on the distribution chart, Limbach Holdings ranks #338 out of 1775 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Limbach Holdings has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Limbach Holdings' ROC (Joel Greenblatt) % compare to APOG and NX?
According to the Construction industry distribution chart, Limbach Holdings ranks #338 out of 1775 companies for ROC (Joel Greenblatt) %. This places Limbach Holdings in the top 19% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 19.38. Limbach Holdings' value of 7.01% is 63.8% below this benchmark. Historically, Limbach Holdings' own ROC (Joel Greenblatt) % has ranged from 5.57 to 90.73 over the past decade. While the company's 10-year median is 33.01 vs. the industry median of 19.38, Limbach Holdings 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 19.38, 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. Limbach Holdings's current ROC (Joel Greenblatt) % of 7.01% is 63.8% 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 Limbach Holdings and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Limbach Holdings's current ROC (Joel Greenblatt) % is 7.01%, which is 79% below median its own 10-year median of 33.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Limbach Holdings stock overvalued right now?
Based on GuruFocus' analysis, Limbach Holdings (LMB) is currently considered Fairly Valued. The stock's GF Value™ is $86.09, compared to a current price of $79.23 — trading 8% below its estimated fair value. The current ROC (Joel Greenblatt) % is 7.01%, which is 79% below median its 10-year median of 33.01 and 63.8% below the Construction industry median of 19.38. Limbach Holdings' overall GF Score™ is 80/100 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 Limbach Holdings (LMB), the current ROC (Joel Greenblatt) % is 7.01% 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 Limbach Holdings (LMB) Overvalued in 2026?
Based on GuruFocus' analysis, Limbach Holdings stock appears to be undervalued.
The current stock price of $79.23 is trading 8% below its estimated GF Value™ of $86.09.
GuruFocus considers Limbach Holdings to be Fairly Valued.
Key valuation signals for LMB:
ROC (Joel Greenblatt) %: 7.01% (79% below median its 10-year median of 33.01)
GF Value™: $86.09 vs. price of $79.23 (8% below fair value)
Industry Position: 63.8% below the Construction median (#338 of 1775)
No single metric tells the full story. See the LMB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Limbach Holdings Inc is a building systems solutions firm that designs, delivers, and maintains mechanical (heating, ventilation, and air conditioning), electrical, plumbing, and controls (MEPC) systems. The Company partners with owners and operators of facilities across healthcare, industrial and manufacturing, data centers, life sciences, higher education, and cultural and entertainment markets. It operates through two segments: Owner Direct Relationships (ODR), which generates maximum revenue and includes owner direct projects, maintenance, and service on MEPC systems; and General Contractor Relationships (GCR), which manages new construction or renovation projects involving MEPC systems awarded by general contractors or construction managers.
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