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Aqualis ASALTS:0QXF +0.69%80 ROC (Joel Greenblatt) % is 53.83% as of Mar. 2026, which is 6% above its 10-year median of 50.77. GuruFocus rates LTS:0QXF with a GF Score™ of 80/100 and a GF Value™ of kr10.50 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,085 Business Services companies, Aqualis ASA ranks worse than 55.94% 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. Aqualis ASA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 53.83%.
The historical rank and industry rank for Aqualis ASA's ROC (Joel Greenblatt) % or its related term are showing as below:
LTS:0QXF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -113.65 Med: 50.77 Max: 102.95
Current: 16.25
During the past 13 years, Aqualis ASA's highest ROC (Joel Greenblatt) % was 102.95%. The lowest was -113.65%. And the median was 50.77%.
LTS:0QXF's ROC (Joel Greenblatt) % is ranked worse than 55.94% of 1085
companies
in the Business Services industry
Industry Median: 21.24
vs LTS:0QXF: 16.25
Aqualis ASA's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -17.60% 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.
Aqualis ASA ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Aqualis ASA'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.
LTS:0QXF vs CTAS, CPRT, GPN: ROC (Joel Greenblatt) % Comparison
For the Specialty Business Services subindustry, Aqualis ASA'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.
Aqualis ASA ROC (Joel Greenblatt) % vs Business Services Industry
For the Business Services industry and Industrials sector, Aqualis ASA's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Aqualis ASA'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 53.83% mean?
Aqualis ASA (LTS:0QXF) has a ROC (Joel Greenblatt) % of 53.83% 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 Aqualis ASA and its competitors. This is near median its historical median of 50.77. According to the industry distribution chart, Aqualis ASA ranks #607 out of 1085 companies in the Business Services industry, placing it in the top 55.9%.
Is Aqualis ASA's ROC (Joel Greenblatt) % too high?
Aqualis ASA's current ROC (Joel Greenblatt) % of 53.83% is near median its 10-year median of 50.77. The Business Services industry median ROC (Joel Greenblatt) % is 21.24. Aqualis ASA's value of 53.83% is 153.4% above this industry median. Based on the distribution chart, Aqualis ASA ranks #607 out of 1085 companies in the Business Services industry, which is below the industry midpoint. Overall, Aqualis ASA has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Aqualis ASA's ROC (Joel Greenblatt) % compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Aqualis ASA ranks #607 out of 1085 companies for ROC (Joel Greenblatt) %. This places Aqualis ASA in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 21.24. Aqualis ASA's value of 53.83% is 153.4% above this benchmark. While the company's 10-year median is 50.77 vs. the industry median of 21.24, Aqualis ASA 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 Business Services company?
The median ROC (Joel Greenblatt) % among Business Services companies is 21.24, based on 1,085 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. Aqualis ASA's current ROC (Joel Greenblatt) % of 53.83% is 153.4% 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 Aqualis ASA and its competitors. For the Business Services industry, the median ROC (Joel Greenblatt) % is 21.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aqualis ASA's current ROC (Joel Greenblatt) % is 53.83%, which is near median its own 10-year median of 50.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aqualis ASA stock overvalued right now?
Based on GuruFocus' analysis, Aqualis ASA (LTS:0QXF) is currently considered Modestly Undervalued. The stock's GF Value™ is kr10.50, compared to a current price of kr8.80 — trading 16.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is 53.83%, which is near median its 10-year median of 50.77 and 153.4% above the Business Services industry median of 21.24. Aqualis ASA's overall GF Score™ is 80/100 with 7 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 Aqualis ASA (LTS:0QXF), the current ROC (Joel Greenblatt) % is 53.83% 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 Aqualis ASA (LTS:0QXF) Overvalued in 2026?
Based on GuruFocus' analysis, Aqualis ASA stock appears to be undervalued.
The current stock price of kr8.80 is trading 16.2% below its estimated GF Value™ of kr10.50.
GuruFocus considers Aqualis ASA to be Modestly Undervalued.
Key valuation signals for LTS:0QXF:
ROC (Joel Greenblatt) %: 53.83% (near median its 10-year median of 50.77)
GF Value™: kr10.50 vs. price of kr8.80 (16.2% below fair value)
Industry Position: 153.4% above the Business Services median (#607 of 1085)
No single metric tells the full story. See the LTS:0QXF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aqualis ASA is an independent consultancy providing energy, marine, engineering, and digital solutions to clients in the renewable energy, maritime, and oil and gas sectors. The company operates through four brands: ABL, OWC, Longitude, and AGR, with offices across multiple countries.
80GF Score
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