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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. Everspin Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was -57.39%.
The historical rank and industry rank for Everspin Technologies's ROC (Joel Greenblatt) % or its related term are showing as below:
MRAM'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -438.37 Med: -43.05 Max: 41.7
Current: -38.91
During the past 12 years, Everspin Technologies's highest ROC (Joel Greenblatt) % was 41.70%. The lowest was -438.37%. And the median was -43.05%.
MRAM's ROC (Joel Greenblatt) % is ranked worse than 85.7% of 1028
companies
in the Semiconductors industry
Industry Median: 8.64
vs MRAM: -38.91
Everspin Technologies'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.
Everspin Technologies ROC (Joel Greenblatt) % Related Terms
Everspin Technologies ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Everspin Technologies'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.
MRAM vs ALMU, QUIK, GSIT: ROC (Joel Greenblatt) % Comparison
For the Semiconductors subindustry, Everspin Technologies'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.
Everspin Technologies ROC (Joel Greenblatt) % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Everspin Technologies's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Everspin Technologies'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 (Jun. 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 -57.39% mean?
Everspin Technologies (MRAM) has a ROC (Joel Greenblatt) % of -57.39% as of Jun. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Everspin Technologies and its competitors. According to the industry distribution chart, Everspin Technologies ranks #881 out of 1028 companies in the Semiconductors industry, placing it in the top 85.7%.
Is Everspin Technologies' ROC (Joel Greenblatt) % too high?
Everspin Technologies' current ROC (Joel Greenblatt) % is -57.39%. Based on the distribution chart, Everspin Technologies ranks #881 out of 1028 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Everspin Technologies has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Everspin Technologies' ROC (Joel Greenblatt) % compare to ALMU and QUIK?
According to the Semiconductors industry distribution chart, Everspin Technologies ranks #881 out of 1028 companies for ROC (Joel Greenblatt) %. This places Everspin Technologies in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 8.64. 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 8.64, based on 1,028 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. 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 Everspin Technologies and its competitors. For the Semiconductors industry, the median ROC (Joel Greenblatt) % is 8.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Everspin Technologies's current ROC (Joel Greenblatt) % is -57.39%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Everspin Technologies stock overvalued right now?
Based on GuruFocus' analysis, Everspin Technologies (MRAM) is currently considered Significantly Overvalued. The stock's GF Value™ is $7.88, compared to a current price of $16.53 — trading 109.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is -57.39%. Everspin Technologies' overall GF Score™ is 58/100 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 Everspin Technologies (MRAM), the current ROC (Joel Greenblatt) % is -57.39% as of Jun. 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 Everspin Technologies (MRAM) Overvalued in 2026?
Based on GuruFocus' analysis, Everspin Technologies stock appears to be overvalued.
The current stock price of $16.53 is trading 109.8% above its estimated GF Value™ of $7.88.
GuruFocus considers Everspin Technologies to be Significantly Overvalued.
Key valuation signals for MRAM:
ROC (Joel Greenblatt) %: -57.39%
GF Value™: $7.88 vs. price of $16.53 (109.8% above fair value)
No single metric tells the full story. See the MRAM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Everspin Technologies Inc is a manufacturer of Magnetoresistive Random Access Memory (MRAM) technology. The company manufactures MRAM products using both captive and third-party manufacturing capabilities. It purchases industry-standard complementary metal-oxide semiconductor (CMOS) wafers from semiconductor foundries and perform back end of line (BEOL) processing that includes magnetic-bit technology at leased 200mm fabrication facility in Chandler, Arizona. It also manufactures full-flow 300mm CMOS wafers with STT-MRAM magnetic-bit technology integrated in BEOL. The company's customers are in key markets, such as industrial, medical, automotive/transportation, aerospace, and data center.
58GF Score
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