Atlas ArteriaMAQAF +0.70%75 ROC (Joel Greenblatt) % is 2,223.03% as of Dec. 2025, which is 8% above its 10-year median of 2,056.32. GuruFocus rates MAQAF with a GF Score™ of 75/100 and a GF Value™ of $4.03 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,776 Construction companies, Atlas Arteria ranks better than 99.1% 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. Atlas Arteria's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 2,223.03%.
The historical rank and industry rank for Atlas Arteria's ROC (Joel Greenblatt) % or its related term are showing as below:
MAQAF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 44.24 Med: 2056.32 Max: 76460.03
Current: 1995.83
During the past 13 years, Atlas Arteria's highest ROC (Joel Greenblatt) % was 76460.03%. The lowest was 44.24%. And the median was 2056.32%.
MAQAF's ROC (Joel Greenblatt) % is ranked better than 99.1% of 1776
companies
in the Construction industry
Industry Median: 19.375
vs MAQAF: 1995.83
Atlas Arteria's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 79.70% 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.
Atlas Arteria ROC (Joel Greenblatt) % Related Terms
Atlas Arteria ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Atlas Arteria'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.
For the Infrastructure Operations subindustry, Atlas Arteria'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.
Atlas Arteria ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Atlas Arteria's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Atlas Arteria'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 two times the semi-annual (Dec. 2025) 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 2,223.03% mean?
Atlas Arteria (MAQAF) has a ROC (Joel Greenblatt) % of 2,223.03% as of Dec. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Atlas Arteria and its competitors. This is near median its historical median of 2,056.32. Over the past decade, Atlas Arteria's ROC (Joel Greenblatt) % has ranged from 44.24 to 76,460.03. According to the industry distribution chart, Atlas Arteria ranks #16 out of 1776 companies in the Construction industry, placing it in the top 0.90000000000001%.
Is Atlas Arteria's ROC (Joel Greenblatt) % too high?
Atlas Arteria's current ROC (Joel Greenblatt) % of 2,223.03% is near median its 10-year median of 2,056.32. Over the past 10 years, this metric has ranged from a low of 44.24 to a high of 76,460.03. The Construction industry median ROC (Joel Greenblatt) % is 19.38. Atlas Arteria's value of 2,223.03% is 11373.7% above this industry median. Based on the distribution chart, Atlas Arteria ranks #16 out of 1776 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Atlas Arteria has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Atlas Arteria's ROC (Joel Greenblatt) % compare to competitors?
According to the Construction industry distribution chart, Atlas Arteria ranks #16 out of 1776 companies for ROC (Joel Greenblatt) %. This places Atlas Arteria in the top 1% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 19.38. Atlas Arteria's value of 2,223.03% is 11373.7% above this benchmark. Historically, Atlas Arteria's own ROC (Joel Greenblatt) % has ranged from 44.24 to 76,460.03 over the past decade. While the company's 10-year median is 2,056.32 vs. the industry median of 19.38, Atlas Arteria 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 Construction company?
The median ROC (Joel Greenblatt) % among Construction companies is 19.38, based on 1,776 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. Atlas Arteria's current ROC (Joel Greenblatt) % of 2,223.03% is 11373.7% 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 Atlas Arteria 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. Atlas Arteria's current ROC (Joel Greenblatt) % is 2,223.03%, which is near median its own 10-year median of 2,056.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Atlas Arteria stock overvalued right now?
Based on GuruFocus' analysis, Atlas Arteria (MAQAF) is currently considered Modestly Undervalued. The stock's GF Value™ is $4.03, compared to a current price of $3.60 — trading 10.7% below its estimated fair value. The current ROC (Joel Greenblatt) % is 2,223.03%, which is near median its 10-year median of 2,056.32 and 11373.7% above the Construction industry median of 19.38. Atlas Arteria's overall GF Score™ is 75/100 with 6 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 Atlas Arteria (MAQAF), the current ROC (Joel Greenblatt) % is 2,223.03% as of Dec. 2025. 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 Atlas Arteria (MAQAF) Overvalued in 2026?
Based on GuruFocus' analysis, Atlas Arteria stock appears to be undervalued.
The current stock price of $3.60 is trading 10.7% below its estimated GF Value™ of $4.03.
GuruFocus considers Atlas Arteria to be Modestly Undervalued.
Key valuation signals for MAQAF:
ROC (Joel Greenblatt) %: 2,223.03% (near median its 10-year median of 2,056.32)
GF Value™: $4.03 vs. price of $3.60 (10.7% below fair value)
Industry Position: 11373.7% above the Construction median (#16 of 1776)
No single metric tells the full story. See the MAQAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Atlas Arteria is a global toll-road investor created out of the reorganization of Macquarie Infrastructure Group in 2010. The firm's main asset is a 30.82% stake in APRR. APRR owns concessions to toll more than 2,300 kilometers of motorways in eastern France, most ending by late 2035. The firm also wholly owns the Dulles Greenway and 66.67% of the Chicago Skyway, both in the US.
75GF Score
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