SPC PowerPHS:SPC 81 ROC (Joel Greenblatt) % is 125.15% as of Mar. 2026, which is 30% below its 10-year median of 179.73. GuruFocus rates PHS:SPC with a GF Score™ of 81/100 and a GF Value™ of ₱9.26 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 507 Utilities - Regulated companies, SPC Power ranks better than 95.46% 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. SPC Power's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 125.15%.
The historical rank and industry rank for SPC Power's ROC (Joel Greenblatt) % or its related term are showing as below:
PHS:SPC'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 120.93 Med: 179.73 Max: 428.47
Current: 310.93
During the past 13 years, SPC Power's highest ROC (Joel Greenblatt) % was 428.47%. The lowest was 120.93%. And the median was 179.73%.
PHS:SPC's ROC (Joel Greenblatt) % is ranked better than 95.46% of 507
companies
in the Utilities - Regulated industry
Industry Median: 10.71
vs PHS:SPC: 310.93
SPC Power's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 18.00% per year.
SPC Power (PHS:SPC) 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.
The historical data trend for SPC Power'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.
PHS:SPC vs NEE, SO, DUK: ROC (Joel Greenblatt) % Comparison
For the Utilities - Regulated Electric subindustry, SPC Power'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.
SPC Power ROC (Joel Greenblatt) % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, SPC Power's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where SPC Power'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 125.15% mean?
SPC Power (PHS:SPC) has a ROC (Joel Greenblatt) % of 125.15% 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 SPC Power and its competitors. This is 30% below median its historical median of 179.73. Over the past decade, SPC Power's ROC (Joel Greenblatt) % has ranged from 120.93 to 428.47. According to the industry distribution chart, SPC Power ranks #23 out of 507 companies in the Utilities - Regulated industry, placing it in the top 4.5%.
Is SPC Power's ROC (Joel Greenblatt) % too high?
SPC Power's current ROC (Joel Greenblatt) % of 125.15% is 30% below median its 10-year median of 179.73. Over the past 10 years, this metric has ranged from a low of 120.93 to a high of 428.47. The Utilities - Regulated industry median ROC (Joel Greenblatt) % is 10.71. SPC Power's value of 125.15% is 1068.5% above this industry median. Based on the distribution chart, SPC Power ranks #23 out of 507 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, SPC Power has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SPC Power's ROC (Joel Greenblatt) % compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, SPC Power ranks #23 out of 507 companies for ROC (Joel Greenblatt) %. This places SPC Power in the top 5% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 10.71. SPC Power's value of 125.15% is 1068.5% above this benchmark. Historically, SPC Power's own ROC (Joel Greenblatt) % has ranged from 120.93 to 428.47 over the past decade. While the company's 10-year median is 179.73 vs. the industry median of 10.71, SPC Power 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 an Utilities - Regulated company?
The median ROC (Joel Greenblatt) % among Utilities - Regulated companies is 10.71, based on 507 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. SPC Power's current ROC (Joel Greenblatt) % of 125.15% is 1068.5% 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 SPC Power and its competitors. For the Utilities - Regulated industry, the median ROC (Joel Greenblatt) % is 10.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SPC Power's current ROC (Joel Greenblatt) % is 125.15%, which is 30% below median its own 10-year median of 179.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPC Power stock overvalued right now?
Based on GuruFocus' analysis, SPC Power (PHS:SPC) is currently considered Modestly Overvalued. The stock's GF Value™ is ₱9.26, compared to a current price of ₱10.80 — trading 16.6% above its estimated fair value. The current ROC (Joel Greenblatt) % is 125.15%, which is 30% below median its 10-year median of 179.73 and 1068.5% above the Utilities - Regulated industry median of 10.71. SPC Power's overall GF Score™ is 81/100 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 SPC Power (PHS:SPC), the current ROC (Joel Greenblatt) % is 125.15% 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 SPC Power (PHS:SPC) Overvalued in 2026?
Based on GuruFocus' analysis, SPC Power stock appears to be overvalued.
The current stock price of ₱10.80 is trading 16.6% above its estimated GF Value™ of ₱9.26.
GuruFocus considers SPC Power to be Modestly Overvalued.
Key valuation signals for PHS:SPC:
ROC (Joel Greenblatt) %: 125.15% (30% below median its 10-year median of 179.73)
GF Value™: ₱9.26 vs. price of ₱10.80 (16.6% above fair value)
Industry Position: 1068.5% above the Utilities - Regulated median (#23 of 507)
No single metric tells the full story. See the PHS:SPC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SPC Power Corp is managed through two segments: Generation segment which includes generation and supply of power and ancillary services to NPC/PSALM, NGCP, distribution utilities, WESM, and other customers, and Others which includes the operations of SECL, SLCI, CNPC and SMPC such as to manage, operate and invest in power generating plants and related facilities. The majority of revenue is generated from generation segment. It operates and generates revenue principally only in the Philippines.
81GF Score
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