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NOVATEK PJSCMIC:NVTK +0.13%82 ROC (Joel Greenblatt) % is 24.88% as of Jun. 2026, which is 44% below its 10-year median of 44.13. GuruFocus rates MIC:NVTK with a GF Score™ of 82/100 and a GF Value™ of ₽1,124.24 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,008 Oil & Gas companies, NOVATEK PJSC ranks better than 76.29% 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. NOVATEK PJSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 24.88%.
The historical rank and industry rank for NOVATEK PJSC's ROC (Joel Greenblatt) % or its related term are showing as below:
MIC:NVTK'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 20.1 Med: 44.13 Max: 189.2
Current: 21.76
During the past 13 years, NOVATEK PJSC's highest ROC (Joel Greenblatt) % was 189.20%. The lowest was 20.10%. And the median was 44.13%.
MIC:NVTK's ROC (Joel Greenblatt) % is ranked better than 76.29% of 1008
companies
in the Oil & Gas industry
Industry Median: 8.65
vs MIC:NVTK: 21.76
NOVATEK PJSC's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -27.00% 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.
NOVATEK PJSC ROC (Joel Greenblatt) % Related Terms
NOVATEK PJSC ROC (Joel Greenblatt) % Historical Data
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The historical data trend for NOVATEK PJSC'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.
MIC:NVTK vs COP, EOG, FANG: ROC (Joel Greenblatt) % Comparison
For the Oil & Gas E&P subindustry, NOVATEK PJSC'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.
NOVATEK PJSC ROC (Joel Greenblatt) % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, NOVATEK PJSC's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where NOVATEK PJSC'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 (Jun. 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 24.88% mean?
NOVATEK PJSC (MIC:NVTK) has a ROC (Joel Greenblatt) % of 24.88% as of Jun. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on NOVATEK PJSC and its competitors. This is 44% below median its historical median of 44.13. Over the past decade, NOVATEK PJSC's ROC (Joel Greenblatt) % has ranged from 20.10 to 189.20. According to the industry distribution chart, NOVATEK PJSC ranks #239 out of 1008 companies in the Oil & Gas industry, placing it in the top 23.7%.
Is NOVATEK PJSC's ROC (Joel Greenblatt) % too high?
NOVATEK PJSC's current ROC (Joel Greenblatt) % of 24.88% is 44% below median its 10-year median of 44.13. Over the past 10 years, this metric has ranged from a low of 20.10 to a high of 189.20. The Oil & Gas industry median ROC (Joel Greenblatt) % is 8.65. NOVATEK PJSC's value of 24.88% is 187.6% above this industry median. Based on the distribution chart, NOVATEK PJSC ranks #239 out of 1008 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, NOVATEK PJSC has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NOVATEK PJSC's ROC (Joel Greenblatt) % compare to COP and EOG?
According to the Oil & Gas industry distribution chart, NOVATEK PJSC ranks #239 out of 1008 companies for ROC (Joel Greenblatt) %. This places NOVATEK PJSC in the top 24% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 8.65. NOVATEK PJSC's value of 24.88% is 187.6% above this benchmark. Historically, NOVATEK PJSC's own ROC (Joel Greenblatt) % has ranged from 20.10 to 189.20 over the past decade. While the company's 10-year median is 44.13 vs. the industry median of 8.65, NOVATEK PJSC 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 8.65, based on 1,008 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. NOVATEK PJSC's current ROC (Joel Greenblatt) % of 24.88% is 187.6% 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 NOVATEK PJSC and its competitors. For the Oil & Gas industry, the median ROC (Joel Greenblatt) % is 8.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NOVATEK PJSC's current ROC (Joel Greenblatt) % is 24.88%, which is 44% below median its own 10-year median of 44.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NOVATEK PJSC stock overvalued right now?
Based on GuruFocus' analysis, NOVATEK PJSC (MIC:NVTK) is currently considered Fairly Valued. The stock's GF Value™ is ₽1,124.24, compared to a current price of ₽1,041.50 — trading 7.4% below its estimated fair value. The current ROC (Joel Greenblatt) % is 24.88%, which is 44% below median its 10-year median of 44.13 and 187.6% above the Oil & Gas industry median of 8.65. NOVATEK PJSC's overall GF Score™ is 82/100 with 2 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 NOVATEK PJSC (MIC:NVTK), the current ROC (Joel Greenblatt) % is 24.88% as of Jun. 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 NOVATEK PJSC (MIC:NVTK) Overvalued in 2026?
Based on GuruFocus' analysis, NOVATEK PJSC stock appears to be undervalued.
The current stock price of ₽1,041.50 is trading 7.4% below its estimated GF Value™ of ₽1,124.24.
GuruFocus considers NOVATEK PJSC to be Fairly Valued.
Key valuation signals for MIC:NVTK:
ROC (Joel Greenblatt) %: 24.88% (44% below median its 10-year median of 44.13)
GF Value™: ₽1,124.24 vs. price of ₽1,041.50 (7.4% below fair value)
Industry Position: 187.6% above the Oil & Gas median (#239 of 1008)
No single metric tells the full story. See the MIC:NVTK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NOVATEK PJSC, or simply Novatek, is a Russian-based exploration and production company that acquires, explores for, produces, processes, and markets oil and gas. While the company is mostly focused on natural gas production, it also has exposure to oil. Its exploration and production take place in a variety of fields in central Russia. The natural gas is then processed and sold. Novatek also sells liquid hydrocarbons such as petroleum products, light hydrocarbons, LPG, and crude oil. The majority of its natural gas is sold in Russia, while the liquid hydrocarbons are sold in Russia and internationally, including China, Europe, and the United States.
82GF Score
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