Energy Time SpAMIL:ET +0.63%18 ROC (Joel Greenblatt) % is 66.75% as of Dec. 2025, which is 55% above its 10-year median of 42.98. GuruFocus rates MIL:ET with a GF Score™ of 18/100. The stock has 3 warning signs investors should review. Among 1,025 Semiconductors companies, Energy Time SpA ranks better than 82.24% 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. Energy Time SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 66.75%.
The historical rank and industry rank for Energy Time SpA's ROC (Joel Greenblatt) % or its related term are showing as below:
MIL:ET'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 40.89 Med: 42.98 Max: 45.07
Current: 41.99
During the past 2 years, Energy Time SpA's highest ROC (Joel Greenblatt) % was 45.07%. The lowest was 40.89%. And the median was 42.98%.
MIL:ET's ROC (Joel Greenblatt) % is ranked better than 82.24% of 1025
companies
in the Semiconductors industry
Industry Median: 8.35
vs MIL:ET: 41.99
Energy Time SpA's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Energy Time SpA (MIL:ET) 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.
Energy Time SpA ROC (Joel Greenblatt) % Related Terms
Energy Time SpA ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Energy Time 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.
Energy Time SpA ROC (Joel Greenblatt) % Chart
Energy Time SpA Annual Data
Trend
Dec24
Dec25
ROC (Joel Greenblatt) %
40.89
45.07
Energy Time SpA Semi-Annual Data
Dec24
Jun25
Dec25
ROC (Joel Greenblatt) %
0.00
6.14
66.75
MIL:ET vs FSLR, NXT, ENPH: ROC (Joel Greenblatt) % Comparison
For the Solar subindustry, Energy Time 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.
Energy Time SpA ROC (Joel Greenblatt) % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Energy Time SpA's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Energy Time SpA's ROC (Joel Greenblatt) % falls into.
Energy Time SpA 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 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 66.75% mean?
Energy Time SpA (MIL:ET) has a ROC (Joel Greenblatt) % of 66.75% 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 Energy Time SpA and its competitors. This is 55% above median its historical median of 42.98. Over the past decade, Energy Time SpA's ROC (Joel Greenblatt) % has ranged from 40.89 to 45.07. According to the industry distribution chart, Energy Time SpA ranks #182 out of 1025 companies in the Semiconductors industry, placing it in the top 17.8%.
Is Energy Time SpA's ROC (Joel Greenblatt) % too high?
Energy Time SpA's current ROC (Joel Greenblatt) % of 66.75% is 55% above median its 10-year median of 42.98. Over the past 10 years, this metric has ranged from a low of 40.89 to a high of 45.07. The Semiconductors industry median ROC (Joel Greenblatt) % is 8.35. Energy Time SpA's value of 66.75% is 699.4% above this industry median. Based on the distribution chart, Energy Time SpA ranks #182 out of 1025 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Energy Time SpA has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Energy Time SpA's ROC (Joel Greenblatt) % compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Energy Time SpA ranks #182 out of 1025 companies for ROC (Joel Greenblatt) %. This places Energy Time SpA in the top 18% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 8.35. Energy Time SpA's value of 66.75% is 699.4% above this benchmark. Historically, Energy Time SpA's own ROC (Joel Greenblatt) % has ranged from 40.89 to 45.07 over the past decade. While the company's 10-year median is 42.98 vs. the industry median of 8.35, Energy Time 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 Semiconductors company?
The median ROC (Joel Greenblatt) % among Semiconductors companies is 8.35, based on 1,025 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. Energy Time SpA's current ROC (Joel Greenblatt) % of 66.75% is 699.4% 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 Energy Time SpA and its competitors. For the Semiconductors industry, the median ROC (Joel Greenblatt) % is 8.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Energy Time SpA's current ROC (Joel Greenblatt) % is 66.75%, which is 55% above median its own 10-year median of 42.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Energy Time SpA stock overvalued right now?
Energy Time SpA (MIL:ET) has a current ROC (Joel Greenblatt) % of 66.75%. The current ROC (Joel Greenblatt) % is 66.75%, which is 55% above median its 10-year median of 42.98 and 699.4% above the Semiconductors industry median of 8.35. Energy Time 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 Energy Time SpA (MIL:ET), the current ROC (Joel Greenblatt) % is 66.75% 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.
Energy Time SpA provides renewable energy solutions, specializing in the design, procurement, installation, and maintenance of solar photovoltaic, and thermal systems, heat pumps, cogeneration, and energy-efficiency services.
18GF Score
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