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Distribuzione Elettrica Adriatica SpAMIL:DEA -1.19%18 ROC (Joel Greenblatt) % is 15.01% as of Dec. 2025, which is 48% above its 10-year median of 10.17. GuruFocus rates MIL:DEA with a GF Score™ of 18/100. The stock has 3 warning signs investors should review. Among 504 Utilities - Regulated companies, Distribuzione Elettrica Adriatica SpA ranks better than 58.13% 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. Distribuzione Elettrica Adriatica SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 15.01%.
MIL:DEA'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.4 Med: 10.17 Max: 16.03
Current: 13.41
During the past 4 years, Distribuzione Elettrica Adriatica SpA's highest ROC (Joel Greenblatt) % was 16.03%. The lowest was 4.40%. And the median was 10.17%.
MIL:DEA's ROC (Joel Greenblatt) % is ranked better than 58.13% of 504
companies
in the Utilities - Regulated industry
Industry Median: 10.945
vs MIL:DEA: 13.41
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.
* 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.
MIL:DEA vs NEE, SO, DUK: ROC (Joel Greenblatt) % Comparison
For the Utilities - Regulated Electric subindustry, Distribuzione Elettrica Adriatica SpA'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.
Distribuzione Elettrica Adriatica SpA ROC (Joel Greenblatt) % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Distribuzione Elettrica Adriatica SpA's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Distribuzione Elettrica Adriatica SpA'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 15.01% mean?
Distribuzione Elettrica Adriatica SpA (MIL:DEA) has a ROC (Joel Greenblatt) % of 15.01% 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 Distribuzione Elettrica Adriatica SpA and its competitors. This is 48% above median its historical median of 10.17. Over the past decade, Distribuzione Elettrica Adriatica SpA's ROC (Joel Greenblatt) % has ranged from 4.40 to 16.03. According to the industry distribution chart, Distribuzione Elettrica Adriatica SpA ranks #211 out of 504 companies in the Utilities - Regulated industry, placing it in the top 41.9%.
Is Distribuzione Elettrica Adriatica SpA's ROC (Joel Greenblatt) % too high?
Distribuzione Elettrica Adriatica SpA's current ROC (Joel Greenblatt) % of 15.01% is 48% above median its 10-year median of 10.17. Over the past 10 years, this metric has ranged from a low of 4.40 to a high of 16.03. The Utilities - Regulated industry median ROC (Joel Greenblatt) % is 10.95. Distribuzione Elettrica Adriatica SpA's value of 15.01% is 37.1% above this industry median. Based on the distribution chart, Distribuzione Elettrica Adriatica SpA ranks #211 out of 504 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Distribuzione Elettrica Adriatica SpA has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Distribuzione Elettrica Adriatica SpA's ROC (Joel Greenblatt) % compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Distribuzione Elettrica Adriatica SpA ranks #211 out of 504 companies for ROC (Joel Greenblatt) %. This puts Distribuzione Elettrica Adriatica SpA in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 10.95. Distribuzione Elettrica Adriatica SpA's value of 15.01% is 37.1% above this benchmark. Historically, Distribuzione Elettrica Adriatica SpA's own ROC (Joel Greenblatt) % has ranged from 4.40 to 16.03 over the past decade. While the company's 10-year median is 10.17 vs. the industry median of 10.95, Distribuzione Elettrica Adriatica SpA 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 Utilities - Regulated company?
The median ROC (Joel Greenblatt) % among Utilities - Regulated companies is 10.95, 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. Distribuzione Elettrica Adriatica SpA's current ROC (Joel Greenblatt) % of 15.01% is 37.1% 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 Distribuzione Elettrica Adriatica SpA and its competitors. For the Utilities - Regulated industry, the median ROC (Joel Greenblatt) % is 10.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Distribuzione Elettrica Adriatica SpA's current ROC (Joel Greenblatt) % is 15.01%, which is 48% above median its own 10-year median of 10.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Distribuzione Elettrica Adriatica SpA stock overvalued right now?
Distribuzione Elettrica Adriatica SpA (MIL:DEA) has a current ROC (Joel Greenblatt) % of 15.01%. The current ROC (Joel Greenblatt) % is 15.01%, which is 48% above median its 10-year median of 10.17 and 37.1% above the Utilities - Regulated industry median of 10.95. Distribuzione Elettrica Adriatica SpA's overall GF Score™ is 18/100 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 Distribuzione Elettrica Adriatica SpA (MIL:DEA), the current ROC (Joel Greenblatt) % is 15.01% 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.
Distribuzione Elettrica Adriatica SpA is a Italy based company. Its activity is divided into two distinct business lines dedicated, respectively, to the distribution of electricity (Distribution Electrical Energy) and public lighting (Public Lighting). In the distribution of electricity, The company deals with the activities relating to the operation, maintenance and development of medium voltage (MV) and low voltage (LV) infrastructures with the objective of allowing the transport of electricity from the substations of the distribution networks to the withdrawal points (PoD). The public lighting includes design, construction and maintenance of public lighting systems, by virtue of obtaining concessions from the relevant municipalities.
18GF Score
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