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. Odyssey Marine Exploration's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 300.43%.
The historical rank and industry rank for Odyssey Marine Exploration's ROC (Joel Greenblatt) % or its related term are showing as below:
OMEX'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -9084.33 Med: -1236.84 Max: 2163.56
Current: -9084.33
During the past 13 years, Odyssey Marine Exploration's highest ROC (Joel Greenblatt) % was 2163.56%. The lowest was -9084.33%. And the median was -1236.84%.
OMEX's ROC (Joel Greenblatt) % is ranked worse than 97.56% of 2495
companies
in the Metals & Mining industry
Industry Median: -22.69
vs OMEX: -9084.33
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.
OMEX vs RNGE, WWR, FNUC: ROC (Joel Greenblatt) % Comparison
For the Other Industrial Metals & Mining subindustry, Odyssey Marine Exploration'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.
Odyssey Marine Exploration ROC (Joel Greenblatt) % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Odyssey Marine Exploration's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Odyssey Marine Exploration'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 300.43% mean?
Odyssey Marine Exploration (OMEX) has a ROC (Joel Greenblatt) % of 300.43% 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 Odyssey Marine Exploration and its competitors. According to the industry distribution chart, Odyssey Marine Exploration ranks #2434 out of 2495 companies in the Metals & Mining industry, placing it in the top 97.6%.
Is Odyssey Marine Exploration's ROC (Joel Greenblatt) % too high?
Odyssey Marine Exploration's current ROC (Joel Greenblatt) % is 300.43%. Based on the distribution chart, Odyssey Marine Exploration ranks #2434 out of 2495 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Odyssey Marine Exploration has a GF Score™ of 14/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Odyssey Marine Exploration's ROC (Joel Greenblatt) % compare to RNGE and WWR?
According to the Metals & Mining industry distribution chart, Odyssey Marine Exploration ranks #2434 out of 2495 companies for ROC (Joel Greenblatt) %. This places Odyssey Marine Exploration in the lower half of its industry. 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 Metals & Mining company?
A good ROC (Joel Greenblatt) % depends on the Metals & Mining industry context. 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 Odyssey Marine Exploration and its competitors. Odyssey Marine Exploration's current ROC (Joel Greenblatt) % is 300.43%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Odyssey Marine Exploration stock overvalued right now?
Based on GuruFocus' analysis, Odyssey Marine Exploration (OMEX) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.36, compared to a current price of $0.74 — trading 104.4% above its estimated fair value. The current ROC (Joel Greenblatt) % is 300.43%. Odyssey Marine Exploration's overall GF Score™ is 14/100 with 6 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 Odyssey Marine Exploration (OMEX), the current ROC (Joel Greenblatt) % is 300.43% 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 Odyssey Marine Exploration (OMEX) Overvalued in 2026?
Based on GuruFocus' analysis, Odyssey Marine Exploration stock appears to be overvalued.
The current stock price of $0.74 is trading 104.4% above its estimated GF Value™ of $0.36.
GuruFocus considers Odyssey Marine Exploration to be Significantly Overvalued.
Key valuation signals for OMEX:
ROC (Joel Greenblatt) %: 300.43%
GF Value™: $0.36 vs. price of $0.74 (104.4% above fair value)
No single metric tells the full story. See the OMEX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Odyssey Marine Exploration Inc is a deep-ocean exploration company. It discovers, validates, and develops high-value seafloor mineral resources and provides specialized mineral exploration, project development, and marine services to its clients. The company's subsea project portfolio contains multiple projects in various stages of development, such as the Phosagmex Project, a rich deposit of phosphate sands located seventy-ninety meters deep within the Mexican EEZ; two polymetallic nodule exploration license holders in the Cook Islands' EEZ; the Lihir Gold Project, a subsea area that contains several prospective gold exploration targets located in the Papua New Guinea Exclusive Economic Zone (EEZ); and others.
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