Venture GlobalMEX:VG 9 ROC (Joel Greenblatt) % is 9.66% as of Mar. 2026, which is 57% below its 10-year median of 22.33. GuruFocus rates MEX:VG with a GF Score™ of 9/100. The stock has 3 warning signs investors should review. Among 1,000 Oil & Gas companies, Venture Global ranks better than 59.2% 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. Venture Global's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 9.66%.
The historical rank and industry rank for Venture Global's ROC (Joel Greenblatt) % or its related term are showing as below:
MEX:VG'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 10.04 Med: 22.33 Max: 37.83
Current: 11.49
During the past 5 years, Venture Global's highest ROC (Joel Greenblatt) % was 37.83%. The lowest was 10.04%. And the median was 22.33%.
MEX:VG's ROC (Joel Greenblatt) % is ranked better than 59.2% of 1000
companies
in the Oil & Gas industry
Industry Median: 8.415
vs MEX:VG: 11.49
Venture Global's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Venture Global (MEX:VG) 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.
Venture Global ROC (Joel Greenblatt) % Related Terms
Venture Global ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Venture Global'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:VG vs CQP, WES, PAA: ROC (Joel Greenblatt) % Comparison
For the Oil & Gas Midstream subindustry, Venture Global'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.
Venture Global ROC (Joel Greenblatt) % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Venture Global's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Venture Global's ROC (Joel Greenblatt) % falls into.
Venture Global 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 9.66% mean?
Venture Global (MEX:VG) has a ROC (Joel Greenblatt) % of 9.66% 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 Venture Global and its competitors. This is 57% below median its historical median of 22.33. Over the past decade, Venture Global's ROC (Joel Greenblatt) % has ranged from 10.04 to 37.83. According to the industry distribution chart, Venture Global ranks #408 out of 1000 companies in the Oil & Gas industry, placing it in the top 40.8%.
Is Venture Global's ROC (Joel Greenblatt) % too high?
Venture Global's current ROC (Joel Greenblatt) % of 9.66% is 57% below median its 10-year median of 22.33. Over the past 10 years, this metric has ranged from a low of 10.04 to a high of 37.83. The Oil & Gas industry median ROC (Joel Greenblatt) % is 8.42. Venture Global's value of 9.66% is 14.8% above this industry median. Based on the distribution chart, Venture Global ranks #408 out of 1000 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Venture Global has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Venture Global's ROC (Joel Greenblatt) % compare to CQP and WES?
According to the Oil & Gas industry distribution chart, Venture Global ranks #408 out of 1000 companies for ROC (Joel Greenblatt) %. This puts Venture Global in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 8.42. Venture Global's value of 9.66% is 14.8% above this benchmark. Historically, Venture Global's own ROC (Joel Greenblatt) % has ranged from 10.04 to 37.83 over the past decade. While the company's 10-year median is 22.33 vs. the industry median of 8.42, Venture Global 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 an Oil & Gas company?
The median ROC (Joel Greenblatt) % among Oil & Gas companies is 8.42, based on 1,000 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. Venture Global's current ROC (Joel Greenblatt) % of 9.66% is 14.8% 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 Venture Global and its competitors. For the Oil & Gas industry, the median ROC (Joel Greenblatt) % is 8.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Venture Global's current ROC (Joel Greenblatt) % is 9.66%, which is 57% below median its own 10-year median of 22.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Venture Global stock overvalued right now?
Venture Global (MEX:VG) has a current ROC (Joel Greenblatt) % of 9.66%. The current ROC (Joel Greenblatt) % is 9.66%, which is 57% below median its 10-year median of 22.33 and 14.8% above the Oil & Gas industry median of 8.42. Venture Global's overall GF Score™ is 9/100 with 3 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 Venture Global (MEX:VG), the current ROC (Joel Greenblatt) % is 9.66% 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.
Venture Global operates two liquefied natural gas production facilities in Louisiana. It has pioneered the use of modular, factory-built equipment, producing high yields. With a substantial development plan, it seeks to become a vertically integrated LNG producer and supplier to end consumers around the world.
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