MDU Resources GroupMEX:MDU 74 ROC (Joel Greenblatt) % is 7.92% as of Mar. 2026, which is 5% below its 10-year median of 8.36. GuruFocus rates MEX:MDU with a GF Score™ of 74/100 and a GF Value™ of MXN269.11. The stock has 9 warning signs investors should review. Among 504 Utilities - Regulated companies, MDU Resources Group ranks worse than 76.79% 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. MDU Resources Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 7.92%.
The historical rank and industry rank for MDU Resources Group's ROC (Joel Greenblatt) % or its related term are showing as below:
MEX:MDU'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.42 Med: 8.36 Max: 10.27
Current: 5.62
During the past 13 years, MDU Resources Group's highest ROC (Joel Greenblatt) % was 10.27%. The lowest was 3.42%. And the median was 8.36%.
MEX:MDU's ROC (Joel Greenblatt) % is ranked worse than 76.79% of 504
companies
in the Utilities - Regulated industry
Industry Median: 10.81
vs MEX:MDU: 5.62
MDU Resources Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -6.30% per year.
MDU Resources Group (MEX:MDU) 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.
MDU Resources Group ROC (Joel Greenblatt) % Related Terms
MDU Resources Group ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for MDU Resources Group'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.
MEX:MDU vs SR, OGS, BKH: ROC (Joel Greenblatt) % Comparison
For the Utilities - Regulated Gas subindustry, MDU Resources Group'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.
MDU Resources Group ROC (Joel Greenblatt) % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, MDU Resources Group's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where MDU Resources Group's ROC (Joel Greenblatt) % falls into.
MDU Resources Group ROC (Joel Greenblatt) % Calculation
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 7.92% mean?
MDU Resources Group (MEX:MDU) has a ROC (Joel Greenblatt) % of 7.92% 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 MDU Resources Group and its competitors. This is near median its historical median of 8.36. Over the past decade, MDU Resources Group's ROC (Joel Greenblatt) % has ranged from 3.42 to 10.27. According to the industry distribution chart, MDU Resources Group ranks #387 out of 504 companies in the Utilities - Regulated industry, placing it in the top 76.8%.
Is MDU Resources Group's ROC (Joel Greenblatt) % too high?
MDU Resources Group's current ROC (Joel Greenblatt) % of 7.92% is near median its 10-year median of 8.36. Over the past 10 years, this metric has ranged from a low of 3.42 to a high of 10.27. The Utilities - Regulated industry median ROC (Joel Greenblatt) % is 10.81. MDU Resources Group's value of 7.92% is 26.7% below this industry median. Based on the distribution chart, MDU Resources Group ranks #387 out of 504 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, MDU Resources Group has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does MDU Resources Group's ROC (Joel Greenblatt) % compare to SR and OGS?
According to the Utilities - Regulated industry distribution chart, MDU Resources Group ranks #387 out of 504 companies for ROC (Joel Greenblatt) %. This places MDU Resources Group in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 10.81. MDU Resources Group's value of 7.92% is 26.7% below this benchmark. Historically, MDU Resources Group's own ROC (Joel Greenblatt) % has ranged from 3.42 to 10.27 over the past decade. While the company's 10-year median is 8.36 vs. the industry median of 10.81, MDU Resources Group 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 an Utilities - Regulated company?
The median ROC (Joel Greenblatt) % among Utilities - Regulated companies is 10.81, based on 504 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. MDU Resources Group's current ROC (Joel Greenblatt) % of 7.92% is 26.7% 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 MDU Resources Group and its competitors. For the Utilities - Regulated industry, the median ROC (Joel Greenblatt) % is 10.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MDU Resources Group's current ROC (Joel Greenblatt) % is 7.92%, which is near median its own 10-year median of 8.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MDU Resources Group stock overvalued right now?
MDU Resources Group (MEX:MDU) has a current ROC (Joel Greenblatt) % of 7.92%. The stock's GF Value™ is MXN269.11, compared to a current price of MXN319.00 — trading 18.5% above its estimated fair value. The current ROC (Joel Greenblatt) % is 7.92%, which is near median its 10-year median of 8.36 and 26.7% below the Utilities - Regulated industry median of 10.81. MDU Resources Group's overall GF Score™ is 74/100 with 9 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 MDU Resources Group (MEX:MDU), the current ROC (Joel Greenblatt) % is 7.92% 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 MDU Resources Group (MEX:MDU) Overvalued in 2026?
Based on GuruFocus' analysis, MDU Resources Group stock appears to be overvalued.
The current stock price of MXN319.00 is trading 18.5% above its estimated GF Value™ of MXN269.11.
Key valuation signals for MEX:MDU:
ROC (Joel Greenblatt) %: 7.92% (near median its 10-year median of 8.36)
GF Value™: MXN269.11 vs. price of MXN319.00 (18.5% above fair value)
Industry Position: 26.7% below the Utilities - Regulated median (#387 of 504)
No single metric tells the full story. See the MEX:MDU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MDU Resources Group Inc is a pure-play regulated energy delivery business. It is organized into three reportable business segments: Electric, Natural Gas Distribution, and Pipeline. Maximum revenue is generated from the Pipeline segment, which provides natural gas transportation and underground storage services through a FERC-regulated pipeline system mainly in the Rocky Mountain and northern Great Plains regions of the United States. This segment also provides non-regulated energy-related services, including cathodic protection. The electric segment generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming, and the natural gas distribution segment distributes natural gas in those states, as well as in Idaho, Minnesota, Oregon, and Washington.
74GF Score
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