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Medx HealthMDXHF ROC (Joel Greenblatt) % is -1,288.89% as of Mar. 2026. The stock has 8 warning signs investors should review. Among 838 Medical Devices & Instruments companies, Medx Health ranks worse than 96.9% 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. Medx Health's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -1,288.89%.
The historical rank and industry rank for Medx Health's ROC (Joel Greenblatt) % or its related term are showing as below:
MDXHF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -11040.54 Med: -2572.68 Max: -2170.54
Current: -2296.96
During the past 13 years, Medx Health's highest ROC (Joel Greenblatt) % was -2170.54%. The lowest was -11040.54%. And the median was -2572.68%.
MDXHF's ROC (Joel Greenblatt) % is ranked worse than 96.9% of 838
companies
in the Medical Devices & Instruments industry
Industry Median: 4.145
vs MDXHF: -2296.96
Medx Health's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -7.20% per year.
Medx Health (OTCPK:MDXHF) 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.
Medx Health ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Medx Health'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.
MDXHF vs ABT, SYK, MDT: ROC (Joel Greenblatt) % Comparison
For the Medical Devices subindustry, Medx Health'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.
Medx Health ROC (Joel Greenblatt) % vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Medx Health's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Medx Health'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 -1,288.89% mean?
Medx Health (MDXHF) has a ROC (Joel Greenblatt) % of -1,288.89% 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 Medx Health and its competitors. According to the industry distribution chart, Medx Health ranks #812 out of 838 companies in the Medical Devices & Instruments industry, placing it in the top 96.9%.
Is Medx Health's ROC (Joel Greenblatt) % too high?
Medx Health's current ROC (Joel Greenblatt) % is -1,288.89%. Based on the distribution chart, Medx Health ranks #812 out of 838 companies in the Medical Devices & Instruments industry, which is in the bottom quartile relative to peers.
How does Medx Health's ROC (Joel Greenblatt) % compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Medx Health ranks #812 out of 838 companies for ROC (Joel Greenblatt) %. This places Medx Health in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 4.15. 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 Medical Devices & Instruments company?
The median ROC (Joel Greenblatt) % among Medical Devices & Instruments companies is 4.15, based on 838 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 Medx Health and its competitors. For the Medical Devices & Instruments industry, the median ROC (Joel Greenblatt) % is 4.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Medx Health's current ROC (Joel Greenblatt) % is -1,288.89%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Medx Health stock overvalued right now?
Based on GuruFocus' analysis, Medx Health (MDXHF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.01, compared to a current price of $0.04 — trading 330% above its estimated fair value. The current ROC (Joel Greenblatt) % is -1,288.89%. 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 Medx Health (MDXHF), the current ROC (Joel Greenblatt) % is -1,288.89% 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.
Medx Health Corp is engaged in the development, manufacturing, and marketing skin-related screening tools and phototherapy devices for pain relief and tissue repair, marketing the latter in Canada and the United States while the skin related screening tools are also marketed in Europe, Australia and selected markets in Latin America. It offers DermSecure, and MedX Laser Therapy.
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