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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. Saudi Aramco Base Oil Co - Luberef's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 58.78%.
The historical rank and industry rank for Saudi Aramco Base Oil Co - Luberef's ROC (Joel Greenblatt) % or its related term are showing as below:
SAU:2223'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 18.19 Med: 27.66 Max: 39.11
Current: 28.93
During the past 5 years, Saudi Aramco Base Oil Co - Luberef's highest ROC (Joel Greenblatt) % was 39.11%. The lowest was 18.19%. And the median was 27.66%.
SAU:2223's ROC (Joel Greenblatt) % is ranked better than 83.93% of 1008
companies
in the Oil & Gas industry
Industry Median: 8.665
vs SAU:2223: 28.93
Saudi Aramco Base Oil Co - Luberef (SAU:2223) 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.
* 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.
Saudi Aramco Base Oil Co - Luberef ROC (Joel Greenblatt) % Chart
SAU:2223 vs MPC, VLO, PSX: ROC (Joel Greenblatt) % Comparison
For the Oil & Gas Refining & Marketing subindustry, Saudi Aramco Base Oil Co - Luberef'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.
Saudi Aramco Base Oil Co - Luberef ROC (Joel Greenblatt) % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Saudi Aramco Base Oil Co - Luberef's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Saudi Aramco Base Oil Co - Luberef's ROC (Joel Greenblatt) % falls into.
Saudi Aramco Base Oil Co - Luberef 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 (Jun. 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 58.78% mean?
Saudi Aramco Base Oil Co - Luberef (SAU:2223) has a ROC (Joel Greenblatt) % of 58.78% as of Jun. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Saudi Aramco Base Oil Co - Luberef and its competitors. This is 113% above median its historical median of 27.66. Over the past decade, Saudi Aramco Base Oil Co - Luberef's ROC (Joel Greenblatt) % has ranged from 18.19 to 39.11. According to the industry distribution chart, Saudi Aramco Base Oil Co - Luberef ranks #162 out of 1008 companies in the Oil & Gas industry, placing it in the top 16.1%.
Is Saudi Aramco Base Oil Co - Luberef's ROC (Joel Greenblatt) % too high?
Saudi Aramco Base Oil Co - Luberef's current ROC (Joel Greenblatt) % of 58.78% is 113% above median its 10-year median of 27.66. Over the past 10 years, this metric has ranged from a low of 18.19 to a high of 39.11. The Oil & Gas industry median ROC (Joel Greenblatt) % is 8.67. Saudi Aramco Base Oil Co - Luberef's value of 58.78% is 578.4% above this industry median. Based on the distribution chart, Saudi Aramco Base Oil Co - Luberef ranks #162 out of 1008 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Saudi Aramco Base Oil Co - Luberef has a GF Score™ of 57/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Saudi Aramco Base Oil Co - Luberef's ROC (Joel Greenblatt) % compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, Saudi Aramco Base Oil Co - Luberef ranks #162 out of 1008 companies for ROC (Joel Greenblatt) %. This places Saudi Aramco Base Oil Co - Luberef in the top 16% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 8.67. Saudi Aramco Base Oil Co - Luberef's value of 58.78% is 578.4% above this benchmark. Historically, Saudi Aramco Base Oil Co - Luberef's own ROC (Joel Greenblatt) % has ranged from 18.19 to 39.11 over the past decade. While the company's 10-year median is 27.66 vs. the industry median of 8.67, Saudi Aramco Base Oil Co - Luberef 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 Oil & Gas company?
The median ROC (Joel Greenblatt) % among Oil & Gas companies is 8.67, based on 1,008 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. Saudi Aramco Base Oil Co - Luberef's current ROC (Joel Greenblatt) % of 58.78% is 578.4% 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 Saudi Aramco Base Oil Co - Luberef and its competitors. For the Oil & Gas industry, the median ROC (Joel Greenblatt) % is 8.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Saudi Aramco Base Oil Co - Luberef's current ROC (Joel Greenblatt) % is 58.78%, which is 113% above median its own 10-year median of 27.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saudi Aramco Base Oil Co - Luberef stock overvalued right now?
Based on GuruFocus' analysis, Saudi Aramco Base Oil Co - Luberef (SAU:2223) is currently considered Fairly Valued. The stock's GF Value™ is ﷼123.87, compared to a current price of ﷼126.50 — trading 2.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 58.78%, which is 113% above median its 10-year median of 27.66 and 578.4% above the Oil & Gas industry median of 8.67. Saudi Aramco Base Oil Co - Luberef's overall GF Score™ is 57/100 with 3 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 Saudi Aramco Base Oil Co - Luberef (SAU:2223), the current ROC (Joel Greenblatt) % is 58.78% as of Jun. 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 Saudi Aramco Base Oil Co - Luberef (SAU:2223) Overvalued in 2026?
Based on GuruFocus' analysis, Saudi Aramco Base Oil Co - Luberef stock appears to be overvalued.
The current stock price of ﷼126.50 is trading 2.1% above its estimated GF Value™ of ﷼123.87.
GuruFocus considers Saudi Aramco Base Oil Co - Luberef to be Fairly Valued.
Key valuation signals for SAU:2223:
ROC (Joel Greenblatt) %: 58.78% (113% above median its 10-year median of 27.66)
GF Value™: ﷼123.87 vs. price of ﷼126.50 (2.1% above fair value)
Industry Position: 578.4% above the Oil & Gas median (#162 of 1008)
No single metric tells the full story. See the SAU:2223 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Saudi Aramco Base Oil Co - Luberef is engaged in constructing, owning, and operating refineries of lubricating oils and in purchasing, selling, transporting, marketing, importing and exporting lubricating oils, additives, lubricating oil blending stocks, byproducts, and other related petroleum products. Geographically, the company operates in the Kingdom of Saudi Arabia, the United Arab Emirates, India, Egypt, Singapore, and other countries. The company derives the majority of its revenue from sales of Base oils in the Kingdom of Saudi Arabia.
57GF Score
Get the complete analysis for SAU:2223
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