ETS Engineering and Technical Services SpAMIL:ETS -3.73%21 ROC (Joel Greenblatt) % is 85.52% as of Dec. 2025, which is 42% below its 10-year median of 147.35. GuruFocus rates MIL:ETS with a GF Score™ of 21/100. The stock has 5 warning signs investors should review. Among 1,776 Construction companies, ETS Engineering and Technical Services SpA ranks better than 85.64% 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. ETS Engineering and Technical Services SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 85.52%.
MIL:ETS's ROC (Joel Greenblatt) % is ranked better than 85.64% of 1776
companies
in the Construction industry
Industry Median: 19.375
vs MIL:ETS: 85.52
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.
ETS Engineering and Technical Services SpA Annual Data
Trend
Dec23
Dec24
Dec25
ROC (Joel Greenblatt) %
153.53
147.35
85.52
ETS Engineering and Technical Services SpA Semi-Annual Data
Dec23
Dec24
Dec25
ROC (Joel Greenblatt) %
153.53
147.35
85.52
MIL:ETS vs PWR, FIX, EME: ROC (Joel Greenblatt) % Comparison
For the Engineering & Construction subindustry, ETS Engineering and Technical Services 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.
ETS Engineering and Technical Services SpA ROC (Joel Greenblatt) % vs Construction Industry
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 one times the 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 85.52% mean?
ETS Engineering and Technical Services SpA (MIL:ETS) has a ROC (Joel Greenblatt) % of 85.52% 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 ETS Engineering and Technical Services SpA and its competitors. This is 42% below median its historical median of 147.35. Over the past decade, ETS Engineering and Technical Services SpA's ROC (Joel Greenblatt) % has ranged from 85.52 to 153.53. According to the industry distribution chart, ETS Engineering and Technical Services SpA ranks #255 out of 1776 companies in the Construction industry, placing it in the top 14.4%.
Is ETS Engineering and Technical Services SpA's ROC (Joel Greenblatt) % too high?
ETS Engineering and Technical Services SpA's current ROC (Joel Greenblatt) % of 85.52% is 42% below median its 10-year median of 147.35. Over the past 10 years, this metric has ranged from a low of 85.52 to a high of 153.53. The Construction industry median ROC (Joel Greenblatt) % is 19.38. ETS Engineering and Technical Services SpA's value of 85.52% is 341.4% above this industry median. Based on the distribution chart, ETS Engineering and Technical Services SpA ranks #255 out of 1776 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, ETS Engineering and Technical Services SpA has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does ETS Engineering and Technical Services SpA's ROC (Joel Greenblatt) % compare to PWR and FIX?
According to the Construction industry distribution chart, ETS Engineering and Technical Services SpA ranks #255 out of 1776 companies for ROC (Joel Greenblatt) %. This places ETS Engineering and Technical Services SpA in the top 14% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 19.38. ETS Engineering and Technical Services SpA's value of 85.52% is 341.4% above this benchmark. Historically, ETS Engineering and Technical Services SpA's own ROC (Joel Greenblatt) % has ranged from 85.52 to 153.53 over the past decade. While the company's 10-year median is 147.35 vs. the industry median of 19.38, ETS Engineering and Technical Services 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 19.38, based on 1,776 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. ETS Engineering and Technical Services SpA's current ROC (Joel Greenblatt) % of 85.52% is 341.4% 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 ETS Engineering and Technical Services SpA and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ETS Engineering and Technical Services SpA's current ROC (Joel Greenblatt) % is 85.52%, which is 42% below median its own 10-year median of 147.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ETS Engineering and Technical Services SpA stock overvalued right now?
ETS Engineering and Technical Services SpA (MIL:ETS) has a current ROC (Joel Greenblatt) % of 85.52%. The current ROC (Joel Greenblatt) % is 85.52%, which is 42% below median its 10-year median of 147.35 and 341.4% above the Construction industry median of 19.38. ETS Engineering and Technical Services SpA's overall GF Score™ is 21/100 with 5 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 ETS Engineering and Technical Services SpA (MIL:ETS), the current ROC (Joel Greenblatt) % is 85.52% 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.
ETS Engineering and Technical Services SpA Business Description
ETS Engineering and Technical Services SpA is an engineering company. The company offers integrated services in civil and systems engineering. It provides end-to-end solutions from feasibility studies and energy diagnostics to design, project management, and site supervision, ensuring efficiency, cost control, and technical excellence for both public and private clients.
21GF Score
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