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Ellenbarrie Industrial GasesNSE:ELLEN +2.33%39 ROC (Joel Greenblatt) % is 26.16% as of Mar. 2026, which is 40% above its 10-year median of 18.64. GuruFocus rates NSE:ELLEN with a GF Score™ of 39/100. The stock has 4 warning signs investors should review. Among 1,604 Chemicals companies, Ellenbarrie Industrial Gases ranks better than 79.36% 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. Ellenbarrie Industrial Gases's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 26.16%.
The historical rank and industry rank for Ellenbarrie Industrial Gases's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:ELLEN'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.89 Med: 18.64 Max: 31.88
Current: 23.06
During the past 13 years, Ellenbarrie Industrial Gases's highest ROC (Joel Greenblatt) % was 31.88%. The lowest was -0.89%. And the median was 18.64%.
NSE:ELLEN's ROC (Joel Greenblatt) % is ranked better than 79.36% of 1604
companies
in the Chemicals industry
Industry Median: 9.645
vs NSE:ELLEN: 23.06
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.
NSE:ELLEN vs DOW: ROC (Joel Greenblatt) % Comparison
For the Chemicals subindustry, Ellenbarrie Industrial Gases'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.
Ellenbarrie Industrial Gases ROC (Joel Greenblatt) % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Ellenbarrie Industrial Gases's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Ellenbarrie Industrial Gases'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 26.16% mean?
Ellenbarrie Industrial Gases (NSE:ELLEN) has a ROC (Joel Greenblatt) % of 26.16% 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 Ellenbarrie Industrial Gases and its competitors. This is 40% above median its historical median of 18.64. According to the industry distribution chart, Ellenbarrie Industrial Gases ranks #331 out of 1604 companies in the Chemicals industry, placing it in the top 20.6%.
Is Ellenbarrie Industrial Gases' ROC (Joel Greenblatt) % too high?
Ellenbarrie Industrial Gases' current ROC (Joel Greenblatt) % of 26.16% is 40% above median its 10-year median of 18.64. The Chemicals industry median ROC (Joel Greenblatt) % is 9.65. Ellenbarrie Industrial Gases' value of 26.16% is 171.2% above this industry median. Based on the distribution chart, Ellenbarrie Industrial Gases ranks #331 out of 1604 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Ellenbarrie Industrial Gases has a GF Score™ of 39/100, reflecting its overall financial health beyond just this single metric.
How does Ellenbarrie Industrial Gases' ROC (Joel Greenblatt) % compare to DOW?
According to the Chemicals industry distribution chart, Ellenbarrie Industrial Gases ranks #331 out of 1604 companies for ROC (Joel Greenblatt) %. This places Ellenbarrie Industrial Gases in the top 21% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 9.65. Ellenbarrie Industrial Gases' value of 26.16% is 171.2% above this benchmark. While the company's 10-year median is 18.64 vs. the industry median of 9.65, Ellenbarrie Industrial Gases 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 Chemicals company?
The median ROC (Joel Greenblatt) % among Chemicals companies is 9.65, based on 1,604 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. Ellenbarrie Industrial Gases's current ROC (Joel Greenblatt) % of 26.16% is 171.2% 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 Ellenbarrie Industrial Gases and its competitors. For the Chemicals industry, the median ROC (Joel Greenblatt) % is 9.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ellenbarrie Industrial Gases's current ROC (Joel Greenblatt) % is 26.16%, which is 40% above median its own 10-year median of 18.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ellenbarrie Industrial Gases stock overvalued right now?
Ellenbarrie Industrial Gases (NSE:ELLEN) has a current ROC (Joel Greenblatt) % of 26.16%. The current ROC (Joel Greenblatt) % is 26.16%, which is 40% above median its 10-year median of 18.64 and 171.2% above the Chemicals industry median of 9.65. Ellenbarrie Industrial Gases' overall GF Score™ is 39/100 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 Ellenbarrie Industrial Gases (NSE:ELLEN), the current ROC (Joel Greenblatt) % is 26.16% 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.
Ellenbarrie Industrial Gases Ltd is engaged in manufacture and sale of industrial, medical and special gases as well as related products. The company is also engaged in Cryogenic and non-cryogenic air separation plants. Its products include oxygen, hydrogen, nitrogen, carbon dioxide, argon, ice, helium, and others.
39GF Score
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