Lundin GoldLUGDF -0.70%89 ROC (Joel Greenblatt) % is 203.70% as of Mar. 2026, which is 2269% above its 10-year median of 8.60. GuruFocus rates LUGDF with a GF Score™ of 89/100 and a GF Value™ of $45.79 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 2,499 Metals & Mining companies, Lundin Gold ranks better than 98.36% 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. Lundin Gold's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 203.70%.
The historical rank and industry rank for Lundin Gold's ROC (Joel Greenblatt) % or its related term are showing as below:
LUGDF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -22.86 Med: 8.6 Max: 160.25
Current: 160.25
During the past 13 years, Lundin Gold's highest ROC (Joel Greenblatt) % was 160.25%. The lowest was -22.86%. And the median was 8.60%.
LUGDF's ROC (Joel Greenblatt) % is ranked better than 98.36% of 2499
companies
in the Metals & Mining industry
Industry Median: -22.09
vs LUGDF: 160.25
Lundin Gold's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% 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.
Lundin Gold ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Lundin Gold'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.
LUGDF vs NEM, AU: ROC (Joel Greenblatt) % Comparison
For the Gold subindustry, Lundin Gold'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.
Lundin Gold ROC (Joel Greenblatt) % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Lundin Gold's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Lundin Gold'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 203.70% mean?
Lundin Gold (LUGDF) has a ROC (Joel Greenblatt) % of 203.70% 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 Lundin Gold and its competitors. This is 2269% above median its historical median of 8.60. According to the industry distribution chart, Lundin Gold ranks #41 out of 2499 companies in the Metals & Mining industry, placing it in the top 1.6%.
Is Lundin Gold's ROC (Joel Greenblatt) % too high?
Lundin Gold's current ROC (Joel Greenblatt) % of 203.70% is 2269% above median its 10-year median of 8.60. Based on the distribution chart, Lundin Gold ranks #41 out of 2499 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Lundin Gold has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lundin Gold's ROC (Joel Greenblatt) % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Lundin Gold ranks #41 out of 2499 companies for ROC (Joel Greenblatt) %. This places Lundin Gold in the top 2% of its industry — outperforming the majority of peers. 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 Metals & Mining company?
A good ROC (Joel Greenblatt) % depends on the Metals & Mining industry context. 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 Lundin Gold and its competitors. Lundin Gold's current ROC (Joel Greenblatt) % is 203.70%, which is 2269% above median its own 10-year median of 8.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lundin Gold stock overvalued right now?
Based on GuruFocus' analysis, Lundin Gold (LUGDF) is currently considered Modestly Overvalued. The stock's GF Value™ is $45.79, compared to a current price of $54.13 — trading 18.2% above its estimated fair value. The current ROC (Joel Greenblatt) % is 203.70%, which is 2269% above median its 10-year median of 8.60. Lundin Gold's overall GF Score™ is 89/100 with 1 warning sign 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 Lundin Gold (LUGDF), the current ROC (Joel Greenblatt) % is 203.70% 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 Lundin Gold (LUGDF) Overvalued in 2026?
Based on GuruFocus' analysis, Lundin Gold stock appears to be overvalued.
The current stock price of $54.13 is trading 18.2% above its estimated GF Value™ of $45.79.
GuruFocus considers Lundin Gold to be Modestly Overvalued.
Key valuation signals for LUGDF:
ROC (Joel Greenblatt) %: 203.70% (2269% above median its 10-year median of 8.60)
GF Value™: $45.79 vs. price of $54.13 (18.2% above fair value)
No single metric tells the full story. See the LUGDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lundin Gold Inc is a Canada based company focused on its Fruta del Norte gold operation and developing its portfolio of mineral concessions in Ecuador. The Fruta del Norte deposit is located within long copper-gold metallogenic sub-province located in the Cordillera del Condor region in southeastern Ecuador. The company[s primary business activity is the Fruta del Norte operating mine in Ecuador which derives majority of its revenues.
89GF Score
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