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Apex EcotechNSE:APEXECO +1.59%19 ROC (Joel Greenblatt) % is 168.81% as of Mar. 2026, which is 70% above its 10-year median of 99.43. GuruFocus rates NSE:APEXECO with a GF Score™ of 19/100. The stock has 8 warning signs investors should review. Among 244 Waste Management companies, Apex Ecotech ranks better than 95.9% 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. Apex Ecotech's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 168.81%.
The historical rank and industry rank for Apex Ecotech's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:APEXECO'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -7.45 Med: 99.43 Max: 177.03
Current: 84.4
During the past 5 years, Apex Ecotech's highest ROC (Joel Greenblatt) % was 177.03%. The lowest was -7.45%. And the median was 99.43%.
NSE:APEXECO's ROC (Joel Greenblatt) % is ranked better than 95.9% of 244
companies
in the Waste Management industry
Industry Median: 11.48
vs NSE:APEXECO: 84.40
Apex Ecotech'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.
Apex Ecotech ROC (Joel Greenblatt) % Related Terms
Apex Ecotech ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Apex Ecotech'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.
NSE:APEXECO vs WM, RSG, WCN: ROC (Joel Greenblatt) % Comparison
For the Waste Management subindustry, Apex Ecotech'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.
Apex Ecotech ROC (Joel Greenblatt) % vs Waste Management Industry
For the Waste Management industry and Industrials sector, Apex Ecotech's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Apex Ecotech'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 two times the semi-annual (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 168.81% mean?
Apex Ecotech (NSE:APEXECO) has a ROC (Joel Greenblatt) % of 168.81% 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 Apex Ecotech and its competitors. This is 70% above median its historical median of 99.43. According to the industry distribution chart, Apex Ecotech ranks #10 out of 244 companies in the Waste Management industry, placing it in the top 4.1%.
Is Apex Ecotech's ROC (Joel Greenblatt) % too high?
Apex Ecotech's current ROC (Joel Greenblatt) % of 168.81% is 70% above median its 10-year median of 99.43. The Waste Management industry median ROC (Joel Greenblatt) % is 11.48. Apex Ecotech's value of 168.81% is 1370.5% above this industry median. Based on the distribution chart, Apex Ecotech ranks #10 out of 244 companies in the Waste Management industry, which is in the top quartile — a strong position relative to peers. Overall, Apex Ecotech has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Apex Ecotech's ROC (Joel Greenblatt) % compare to WM and RSG?
According to the Waste Management industry distribution chart, Apex Ecotech ranks #10 out of 244 companies for ROC (Joel Greenblatt) %. This places Apex Ecotech in the top 4% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.48. Apex Ecotech's value of 168.81% is 1370.5% above this benchmark. While the company's 10-year median is 99.43 vs. the industry median of 11.48, Apex Ecotech 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 Waste Management company?
The median ROC (Joel Greenblatt) % among Waste Management companies is 11.48, based on 244 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. Apex Ecotech's current ROC (Joel Greenblatt) % of 168.81% is 1370.5% 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 Apex Ecotech and its competitors. For the Waste Management industry, the median ROC (Joel Greenblatt) % is 11.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Apex Ecotech's current ROC (Joel Greenblatt) % is 168.81%, which is 70% above median its own 10-year median of 99.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apex Ecotech stock overvalued right now?
Apex Ecotech (NSE:APEXECO) has a current ROC (Joel Greenblatt) % of 168.81%. The current ROC (Joel Greenblatt) % is 168.81%, which is 70% above median its 10-year median of 99.43 and 1370.5% above the Waste Management industry median of 11.48. Apex Ecotech's overall GF Score™ is 19/100 with 8 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 Apex Ecotech (NSE:APEXECO), the current ROC (Joel Greenblatt) % is 168.81% 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.
Apex Ecotech Ltd provides comprehensive solutions for water & wastewater treatment, recycling, and reuse methods. Its services include setting up Raw Water Treatment for industrial processes, Effluent & Sewage Treatment Plants to meet pollution norms, providing Sludge Dewatering Equipment, recycling of pretreated wastewater through Membrane systems (Ultrafiltration, Nano Filtration, Reverse Osmosis, Disc Type RO and others), and Thermal/Vapor Compression-based Evaporators and Crystallizers for Zero Liquid Discharge Systems.
19GF Score
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