Espe SpAMIL:ESPE -0.33%14 ROC (Joel Greenblatt) % is 44.10% as of Dec. 2025, which is 42% above its 10-year median of 31.16. GuruFocus rates MIL:ESPE with a GF Score™ of 14/100. The stock has 7 warning signs investors should review. Among 1,778 Construction companies, Espe SpA ranks better than 68.79% 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. Espe SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 44.10%.
The historical rank and industry rank for Espe SpA's ROC (Joel Greenblatt) % or its related term are showing as below:
MIL:ESPE'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.5 Med: 31.16 Max: 38.07
Current: 36.24
During the past 5 years, Espe SpA's highest ROC (Joel Greenblatt) % was 38.07%. The lowest was 2.50%. And the median was 31.16%.
MIL:ESPE's ROC (Joel Greenblatt) % is ranked better than 68.79% of 1778
companies
in the Construction industry
Industry Median: 19.425
vs MIL:ESPE: 36.24
Espe SpA's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% 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.
The historical data trend for Espe SpA'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.
MIL:ESPE vs PWR, FIX, EME: ROC (Joel Greenblatt) % Comparison
For the Engineering & Construction subindustry, Espe 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.
Espe SpA ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Espe SpA's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Espe 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 44.10% mean?
Espe SpA (MIL:ESPE) has a ROC (Joel Greenblatt) % of 44.10% 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 Espe SpA and its competitors. This is 42% above median its historical median of 31.16. Over the past decade, Espe SpA's ROC (Joel Greenblatt) % has ranged from 2.50 to 38.07. According to the industry distribution chart, Espe SpA ranks #555 out of 1778 companies in the Construction industry, placing it in the top 31.2%.
Is Espe SpA's ROC (Joel Greenblatt) % too high?
Espe SpA's current ROC (Joel Greenblatt) % of 44.10% is 42% above median its 10-year median of 31.16. Over the past 10 years, this metric has ranged from a low of 2.50 to a high of 38.07. The Construction industry median ROC (Joel Greenblatt) % is 19.43. Espe SpA's value of 44.10% is 127% above this industry median. Based on the distribution chart, Espe SpA ranks #555 out of 1778 companies in the Construction industry, which is above the industry midpoint. Overall, Espe SpA has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Espe SpA's ROC (Joel Greenblatt) % compare to PWR and FIX?
According to the Construction industry distribution chart, Espe SpA ranks #555 out of 1778 companies for ROC (Joel Greenblatt) %. This puts Espe SpA in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 19.43. Espe SpA's value of 44.10% is 127% above this benchmark. Historically, Espe SpA's own ROC (Joel Greenblatt) % has ranged from 2.50 to 38.07 over the past decade. While the company's 10-year median is 31.16 vs. the industry median of 19.43, Espe 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 a Construction company?
The median ROC (Joel Greenblatt) % among Construction companies is 19.43, based on 1,778 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. Espe SpA's current ROC (Joel Greenblatt) % of 44.10% is 127% 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 Espe SpA and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Espe SpA's current ROC (Joel Greenblatt) % is 44.10%, which is 42% above median its own 10-year median of 31.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Espe SpA stock overvalued right now?
Espe SpA (MIL:ESPE) has a current ROC (Joel Greenblatt) % of 44.10%. The current ROC (Joel Greenblatt) % is 44.10%, which is 42% above median its 10-year median of 31.16 and 127% above the Construction industry median of 19.43. Espe SpA's overall GF Score™ is 14/100 with 7 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 Espe SpA (MIL:ESPE), the current ROC (Joel Greenblatt) % is 44.10% 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.
Espe SpA is a company which is producers of cutting edge solutions. They are born as installers of industrial electrical systems, over the years they have accumulated a rich wealth of experience, expanding its activities in the field of installation of photovoltaic systems and in the direct production of innovative technologies in the small wind, hydroelectric and biomass sectors.
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