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Al Batinah Power CoOGMUS:BATP -4.69%73 ROC (Joel Greenblatt) % is -61.67% as of Mar. 2026. GuruFocus rates MUS:BATP with a GF Score™ of 73/100 and a GF Value™ of ر.ع0.09 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 436 Utilities - Independent Power Producers companies, Al Batinah Power CoOG ranks worse than 80.96% 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. Al Batinah Power CoOG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -61.67%.
The historical rank and industry rank for Al Batinah Power CoOG's ROC (Joel Greenblatt) % or its related term are showing as below:
MUS:BATP'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -3.98 Med: 8 Max: 10.21
Current: -3.98
During the past 13 years, Al Batinah Power CoOG's highest ROC (Joel Greenblatt) % was 10.21%. The lowest was -3.98%. And the median was 8.00%.
MUS:BATP's ROC (Joel Greenblatt) % is ranked worse than 80.96% of 436
companies
in the Utilities - Independent Power Producers industry
Industry Median: 6.525
vs MUS:BATP: -3.98
Al Batinah Power CoOG's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 5.40% per year.
Al Batinah Power CoOG (MUS:BATP) 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.
Al Batinah Power CoOG ROC (Joel Greenblatt) % Related Terms
Al Batinah Power CoOG ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Al Batinah Power CoOG'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.
Al Batinah Power CoOG ROC (Joel Greenblatt) % Chart
MUS:BATP vs CEG, VST, NRG: ROC (Joel Greenblatt) % Comparison
For the Utilities - Independent Power Producers subindustry, Al Batinah Power CoOG'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.
Al Batinah Power CoOG ROC (Joel Greenblatt) % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Al Batinah Power CoOG's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Al Batinah Power CoOG's ROC (Joel Greenblatt) % falls into.
Al Batinah Power CoOG 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 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 -61.67% mean?
Al Batinah Power CoOG (MUS:BATP) has a ROC (Joel Greenblatt) % of -61.67% 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 Al Batinah Power CoOG and its competitors. According to the industry distribution chart, Al Batinah Power CoOG ranks #353 out of 436 companies in the Utilities - Independent Power Producers industry, placing it in the top 81%.
Is Al Batinah Power CoOG's ROC (Joel Greenblatt) % too high?
Al Batinah Power CoOG's current ROC (Joel Greenblatt) % is -61.67%. Based on the distribution chart, Al Batinah Power CoOG ranks #353 out of 436 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Al Batinah Power CoOG has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Al Batinah Power CoOG's ROC (Joel Greenblatt) % compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Al Batinah Power CoOG ranks #353 out of 436 companies for ROC (Joel Greenblatt) %. This places Al Batinah Power CoOG in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 6.53. 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 an Utilities - Independent Power Producers company?
The median ROC (Joel Greenblatt) % among Utilities - Independent Power Producers companies is 6.53, based on 436 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 Al Batinah Power CoOG and its competitors. For the Utilities - Independent Power Producers industry, the median ROC (Joel Greenblatt) % is 6.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Al Batinah Power CoOG's current ROC (Joel Greenblatt) % is -61.67%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Al Batinah Power CoOG stock overvalued right now?
Based on GuruFocus' analysis, Al Batinah Power CoOG (MUS:BATP) is currently considered Significantly Overvalued. The stock's GF Value™ is ر.ع0.09, compared to a current price of ر.ع0.18 — trading 103.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is -61.67%. Al Batinah Power CoOG's overall GF Score™ is 73/100 with 4 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 Al Batinah Power CoOG (MUS:BATP), the current ROC (Joel Greenblatt) % is -61.67% 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 Al Batinah Power CoOG (MUS:BATP) Overvalued in 2026?
Based on GuruFocus' analysis, Al Batinah Power CoOG stock appears to be overvalued.
The current stock price of ر.ع0.18 is trading 103.3% above its estimated GF Value™ of ر.ع0.09.
GuruFocus considers Al Batinah Power CoOG to be Significantly Overvalued.
Key valuation signals for MUS:BATP:
ROC (Joel Greenblatt) %: -61.67%
GF Value™: ر.ع0.09 vs. price of ر.ع0.18 (103.3% above fair value)
No single metric tells the full story. See the MUS:BATP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Al Batinah Power Co SAOG is a company that owns a power generating facility. It develops, finance, designs, constructs, operates, maintains, insure and owns Sohar 2 Power Plant and associated gas interconnection facilities. The Sohar 2 Power Plant is located in the Al Batinah region of the Sultanate of Oman.
73GF Score
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