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. Ocean Power Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2026 was -429.75%.
The historical rank and industry rank for Ocean Power Technologies's ROC (Joel Greenblatt) % or its related term are showing as below:
OPTT'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -5276.3 Med: -1483.7 Max: -283.35
Current: -371.49
During the past 13 years, Ocean Power Technologies's highest ROC (Joel Greenblatt) % was -283.35%. The lowest was -5276.30%. And the median was -1483.70%.
OPTT's ROC (Joel Greenblatt) % is ranked worse than 98.1% of 3058
companies
in the Industrial Products industry
Industry Median: 11.7
vs OPTT: -371.49
Ocean Power Technologies's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 19.60% per year.
Ocean Power Technologies (AMEX:OPTT) 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.
Ocean Power Technologies ROC (Joel Greenblatt) % Related Terms
Ocean Power Technologies ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Ocean Power 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.
Ocean Power Technologies ROC (Joel Greenblatt) % Chart
OPTT vs LASE, HYOR, CVV: ROC (Joel Greenblatt) % Comparison
For the Specialty Industrial Machinery subindustry, Ocean Power 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.
Ocean Power Technologies ROC (Joel Greenblatt) % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Ocean Power Technologies's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Ocean Power Technologies's ROC (Joel Greenblatt) % falls into.
Ocean Power Technologies 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 (Jan. 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 -429.75% mean?
Ocean Power Technologies (OPTT) has a ROC (Joel Greenblatt) % of -429.75% as of Jan. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Ocean Power Technologies and its competitors. According to the industry distribution chart, Ocean Power Technologies ranks #3000 out of 3058 companies in the Industrial Products industry, placing it in the top 98.1%.
Is Ocean Power Technologies' ROC (Joel Greenblatt) % too high?
Ocean Power Technologies' current ROC (Joel Greenblatt) % is -429.75%. Based on the distribution chart, Ocean Power Technologies ranks #3000 out of 3058 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Ocean Power Technologies has a GF Score™ of 41/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ocean Power Technologies' ROC (Joel Greenblatt) % compare to LASE and HYOR?
According to the Industrial Products industry distribution chart, Ocean Power Technologies ranks #3000 out of 3058 companies for ROC (Joel Greenblatt) %. This places Ocean Power Technologies in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 11.70. 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 Industrial Products company?
The median ROC (Joel Greenblatt) % among Industrial Products companies is 11.70, based on 3,058 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 Ocean Power Technologies and its competitors. For the Industrial Products industry, the median ROC (Joel Greenblatt) % is 11.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ocean Power Technologies's current ROC (Joel Greenblatt) % is -429.75%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ocean Power Technologies stock overvalued right now?
Based on GuruFocus' analysis, Ocean Power Technologies (OPTT) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.15, compared to a current price of $0.26 — trading 70% above its estimated fair value. The current ROC (Joel Greenblatt) % is -429.75%. Ocean Power Technologies' overall GF Score™ is 41/100 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 Ocean Power Technologies (OPTT), the current ROC (Joel Greenblatt) % is -429.75% as of Jan. 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 Ocean Power Technologies (OPTT) Overvalued in 2026?
Based on GuruFocus' analysis, Ocean Power Technologies stock appears to be overvalued.
The current stock price of $0.26 is trading 70% above its estimated GF Value™ of $0.15.
GuruFocus considers Ocean Power Technologies to be Significantly Overvalued.
Key valuation signals for OPTT:
ROC (Joel Greenblatt) %: -429.75%
GF Value™: $0.15 vs. price of $0.26 (70% above fair value)
No single metric tells the full story. See the OPTT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ocean Power Technologies Inc provides intelligent maritime solutions and services that enable safer, cleaner, and more productive ocean operations for the defense and security, oil and gas, science and research, and offshore wind markets. It provides ocean data collection and reporting, marine power, offshore communications, and Maritime Domain Awareness System (MDAS) products, integrated solutions, and consulting services. The company offers its products and services to a wide range of customers, including those in government and offshore energy, oil and gas, construction, wind power, and other industries. The company has operations in North and South America, Europe, Asia and Australia.
41GF Score
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