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M-Tron IndustriesMPTI -0.87%76 ROC (Joel Greenblatt) % is 51.49% as of Mar. 2026, which is 61% above its 10-year median of 32.02. GuruFocus rates MPTI with a GF Score™ of 76/100 and a GF Value™ of $41.40 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,491 Hardware companies, M-Tron Industries ranks better than 89.08% 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. M-Tron Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 51.49%.
The historical rank and industry rank for M-Tron Industries's ROC (Joel Greenblatt) % or its related term are showing as below:
MPTI'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 21.8 Med: 32.02 Max: 60.44
Current: 57.69
During the past 6 years, M-Tron Industries's highest ROC (Joel Greenblatt) % was 60.44%. The lowest was 21.80%. And the median was 32.02%.
MPTI's ROC (Joel Greenblatt) % is ranked better than 89.08% of 2491
companies
in the Hardware industry
Industry Median: 10.49
vs MPTI: 57.69
M-Tron Industries's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 19.30% 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.
M-Tron Industries ROC (Joel Greenblatt) % Related Terms
M-Tron Industries ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for M-Tron Industries'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.
MPTI vs OPTX, RELL, MEI: ROC (Joel Greenblatt) % Comparison
For the Electronic Components subindustry, M-Tron Industries'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.
M-Tron Industries ROC (Joel Greenblatt) % vs Hardware Industry
For the Hardware industry and Technology sector, M-Tron Industries's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where M-Tron Industries'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 four times the quarterly (Mar. 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 51.49% mean?
M-Tron Industries (MPTI) has a ROC (Joel Greenblatt) % of 51.49% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on M-Tron Industries and its competitors. This is 61% above median its historical median of 32.02. Over the past decade, M-Tron Industries' ROC (Joel Greenblatt) % has ranged from 21.80 to 60.44. According to the industry distribution chart, M-Tron Industries ranks #272 out of 2491 companies in the Hardware industry, placing it in the top 10.9%.
Is M-Tron Industries' ROC (Joel Greenblatt) % too high?
M-Tron Industries' current ROC (Joel Greenblatt) % of 51.49% is 61% above median its 10-year median of 32.02. Over the past 10 years, this metric has ranged from a low of 21.80 to a high of 60.44. The Hardware industry median ROC (Joel Greenblatt) % is 10.49. M-Tron Industries' value of 51.49% is 390.8% above this industry median. Based on the distribution chart, M-Tron Industries ranks #272 out of 2491 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, M-Tron Industries has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does M-Tron Industries' ROC (Joel Greenblatt) % compare to OPTX and RELL?
According to the Hardware industry distribution chart, M-Tron Industries ranks #272 out of 2491 companies for ROC (Joel Greenblatt) %. This places M-Tron Industries in the top 11% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 10.49. M-Tron Industries' value of 51.49% is 390.8% above this benchmark. Historically, M-Tron Industries' own ROC (Joel Greenblatt) % has ranged from 21.80 to 60.44 over the past decade. While the company's 10-year median is 32.02 vs. the industry median of 10.49, M-Tron Industries 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 Hardware company?
The median ROC (Joel Greenblatt) % among Hardware companies is 10.49, based on 2,491 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. M-Tron Industries's current ROC (Joel Greenblatt) % of 51.49% is 390.8% 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 M-Tron Industries and its competitors. For the Hardware industry, the median ROC (Joel Greenblatt) % is 10.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. M-Tron Industries's current ROC (Joel Greenblatt) % is 51.49%, which is 61% above median its own 10-year median of 32.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is M-Tron Industries stock overvalued right now?
Based on GuruFocus' analysis, M-Tron Industries (MPTI) is currently considered Significantly Overvalued. The stock's GF Value™ is $41.40, compared to a current price of $82.38 — trading 99% above its estimated fair value. The current ROC (Joel Greenblatt) % is 51.49%, which is 61% above median its 10-year median of 32.02 and 390.8% above the Hardware industry median of 10.49. M-Tron Industries' overall GF Score™ is 76/100 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 M-Tron Industries (MPTI), the current ROC (Joel Greenblatt) % is 51.49% as of Mar. 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 M-Tron Industries (MPTI) Overvalued in 2026?
Based on GuruFocus' analysis, M-Tron Industries stock appears to be overvalued.
The current stock price of $82.38 is trading 99% above its estimated GF Value™ of $41.40.
GuruFocus considers M-Tron Industries to be Significantly Overvalued.
Key valuation signals for MPTI:
ROC (Joel Greenblatt) %: 51.49% (61% above median its 10-year median of 32.02)
GF Value™: $41.40 vs. price of $82.38 (99% above fair value)
Industry Position: 390.8% above the Hardware median (#272 of 2491)
No single metric tells the full story. See the MPTI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
M-Tron Industries Inc is an electronic components manufacturer based in the United States. Along with its subsidiaries, the company is engaged in designing, manufacturing, and marketing high-engineered, high-reliability frequency and spectrum control products used to control the frequency or timing of signals in electronic circuits in various applications. The company serves markets in aerospace and defense, space, and avionics sectors. Its product offerings include microwave and millimeter-wave filters, crystal resonators, clock oscillators, voltage-controlled crystal oscillators, low noise amplifiers, couplers, attenuators, and switches, among others. Geographically, it derives maximum revenue from the domestic market, and the rest from Malaysia, Australia, Greece, and other countries.
76GF Score
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