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Natural Gas Distribution CoSAU:9516 67 ROC (Joel Greenblatt) % is 17.22% as of Dec. 2025, which is 224% above its 10-year median of 5.31. GuruFocus rates SAU:9516 with a GF Score™ of 67/100 and a GF Value™ of ﷼80.50 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 503 Utilities - Regulated companies, Natural Gas Distribution Co ranks better than 58.05% 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. Natural Gas Distribution Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 17.22%.
The historical rank and industry rank for Natural Gas Distribution Co's ROC (Joel Greenblatt) % or its related term are showing as below:
SAU:9516'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.37 Med: 5.31 Max: 13.08
Current: 13.08
During the past 6 years, Natural Gas Distribution Co's highest ROC (Joel Greenblatt) % was 13.08%. The lowest was 4.37%. And the median was 5.31%.
SAU:9516's ROC (Joel Greenblatt) % is ranked better than 58.05% of 503
companies
in the Utilities - Regulated industry
Industry Median: 10.84
vs SAU:9516: 13.08
Natural Gas Distribution Co (SAU:9516) 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.
Natural Gas Distribution Co ROC (Joel Greenblatt) % Chart
SAU:9516 vs ATO, NI, UGI: ROC (Joel Greenblatt) % Comparison
For the Utilities - Regulated Gas subindustry, Natural Gas Distribution Co'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.
Natural Gas Distribution Co ROC (Joel Greenblatt) % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Natural Gas Distribution Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Natural Gas Distribution Co's ROC (Joel Greenblatt) % falls into.
Natural Gas Distribution Co 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 two times the semi-annual (Dec. 2025) 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 17.22% mean?
Natural Gas Distribution Co (SAU:9516) has a ROC (Joel Greenblatt) % of 17.22% as of Dec. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Natural Gas Distribution Co and its competitors. This is 224% above median its historical median of 5.31. Over the past decade, Natural Gas Distribution Co's ROC (Joel Greenblatt) % has ranged from 4.37 to 13.08. According to the industry distribution chart, Natural Gas Distribution Co ranks #211 out of 503 companies in the Utilities - Regulated industry, placing it in the top 41.9%.
Is Natural Gas Distribution Co's ROC (Joel Greenblatt) % too high?
Natural Gas Distribution Co's current ROC (Joel Greenblatt) % of 17.22% is 224% above median its 10-year median of 5.31. Over the past 10 years, this metric has ranged from a low of 4.37 to a high of 13.08. The Utilities - Regulated industry median ROC (Joel Greenblatt) % is 10.84. Natural Gas Distribution Co's value of 17.22% is 58.9% above this industry median. Based on the distribution chart, Natural Gas Distribution Co ranks #211 out of 503 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Natural Gas Distribution Co has a GF Score™ of 67/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Natural Gas Distribution Co's ROC (Joel Greenblatt) % compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Natural Gas Distribution Co ranks #211 out of 503 companies for ROC (Joel Greenblatt) %. This puts Natural Gas Distribution Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 10.84. Natural Gas Distribution Co's value of 17.22% is 58.9% above this benchmark. Historically, Natural Gas Distribution Co's own ROC (Joel Greenblatt) % has ranged from 4.37 to 13.08 over the past decade. While the company's 10-year median is 5.31 vs. the industry median of 10.84, Natural Gas Distribution Co 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 10.84, based on 503 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. Natural Gas Distribution Co's current ROC (Joel Greenblatt) % of 17.22% is 58.9% 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 Natural Gas Distribution Co and its competitors. For the Utilities - Regulated industry, the median ROC (Joel Greenblatt) % is 10.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Natural Gas Distribution Co's current ROC (Joel Greenblatt) % is 17.22%, which is 224% above median its own 10-year median of 5.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Natural Gas Distribution Co stock overvalued right now?
Based on GuruFocus' analysis, Natural Gas Distribution Co (SAU:9516) is currently considered Significantly Undervalued. The stock's GF Value™ is ﷼80.50, compared to a current price of ﷼22.10 — trading 72.5% below its estimated fair value. The current ROC (Joel Greenblatt) % is 17.22%, which is 224% above median its 10-year median of 5.31 and 58.9% above the Utilities - Regulated industry median of 10.84. Natural Gas Distribution Co's overall GF Score™ is 67/100 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 Natural Gas Distribution Co (SAU:9516), the current ROC (Joel Greenblatt) % is 17.22% as of Dec. 2025. 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 Natural Gas Distribution Co (SAU:9516) Overvalued in 2026?
Based on GuruFocus' analysis, Natural Gas Distribution Co stock appears to be undervalued.
The current stock price of ﷼22.10 is trading 72.5% below its estimated GF Value™ of ﷼80.50.
GuruFocus considers Natural Gas Distribution Co to be Significantly Undervalued.
Key valuation signals for SAU:9516:
ROC (Joel Greenblatt) %: 17.22% (224% above median its 10-year median of 5.31)
GF Value™: ﷼80.50 vs. price of ﷼22.10 (72.5% below fair value)
Industry Position: 58.9% above the Utilities - Regulated median (#211 of 503)
No single metric tells the full story. See the SAU:9516 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Natural Gas Distribution Co is engaged in the operation and maintenance of natural gas networks in the second industrial city and industrial cities in the Kingdom. The company's business is to supply the factories located in the second industrial city in Riyadh. It is supplied with natural gas from Saudi Aramco through a main pipeline.
67GF Score
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