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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. SED Energy Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 29.63%.
The historical rank and industry rank for SED Energy Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
SBDXF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -119.83 Med: -24.46 Max: 17.84
Current: 17.84
During the past 13 years, SED Energy Holdings's highest ROC (Joel Greenblatt) % was 17.84%. The lowest was -119.83%. And the median was -24.46%.
SBDXF's ROC (Joel Greenblatt) % is ranked better than 71.11% of 997
companies
in the Oil & Gas industry
Industry Median: 8.55
vs SBDXF: 17.84
SED Energy Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
SED Energy Holdings (OTCPK:SBDXF) 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.
SED Energy Holdings ROC (Joel Greenblatt) % Related Terms
SED Energy Holdings ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for SED Energy Holdings'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.
SBDXF vs SLB, BKR, HAL: ROC (Joel Greenblatt) % Comparison
For the Oil & Gas Equipment & Services subindustry, SED Energy Holdings'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.
SED Energy Holdings ROC (Joel Greenblatt) % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, SED Energy Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where SED Energy Holdings's ROC (Joel Greenblatt) % falls into.
SED Energy Holdings 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 (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 29.63% mean?
SED Energy Holdings (SBDXF) has a ROC (Joel Greenblatt) % of 29.63% 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 SED Energy Holdings and its competitors. According to the industry distribution chart, SED Energy Holdings ranks #288 out of 997 companies in the Oil & Gas industry, placing it in the top 28.9%.
Is SED Energy Holdings' ROC (Joel Greenblatt) % too high?
SED Energy Holdings' current ROC (Joel Greenblatt) % is 29.63%. The Oil & Gas industry median ROC (Joel Greenblatt) % is 8.55. SED Energy Holdings' value of 29.63% is 246.5% above this industry median. Based on the distribution chart, SED Energy Holdings ranks #288 out of 997 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, SED Energy Holdings has a GF Score™ of 30/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SED Energy Holdings' ROC (Joel Greenblatt) % compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, SED Energy Holdings ranks #288 out of 997 companies for ROC (Joel Greenblatt) %. This puts SED Energy Holdings in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 8.55. SED Energy Holdings' value of 29.63% is 246.5% above this benchmark. 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 8.55, based on 997 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. SED Energy Holdings's current ROC (Joel Greenblatt) % of 29.63% is 246.5% 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 SED Energy Holdings and its competitors. For the Oil & Gas industry, the median ROC (Joel Greenblatt) % is 8.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SED Energy Holdings's current ROC (Joel Greenblatt) % is 29.63%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SED Energy Holdings stock overvalued right now?
Based on GuruFocus' analysis, SED Energy Holdings (SBDXF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.54, compared to a current price of $0.81 — trading 50% above its estimated fair value. The current ROC (Joel Greenblatt) % is 29.63% and 246.5% above the Oil & Gas industry median of 8.55. SED Energy Holdings' overall GF Score™ is 30/100 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 SED Energy Holdings (SBDXF), the current ROC (Joel Greenblatt) % is 29.63% 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 SED Energy Holdings (SBDXF) Overvalued in 2026?
Based on GuruFocus' analysis, SED Energy Holdings stock appears to be overvalued.
The current stock price of $0.81 is trading 50% above its estimated GF Value™ of $0.54.
GuruFocus considers SED Energy Holdings to be Significantly Overvalued.
Key valuation signals for SBDXF:
ROC (Joel Greenblatt) %: 29.63%
GF Value™: $0.54 vs. price of $0.81 (50% above fair value)
Industry Position: 246.5% above the Oil & Gas median (#288 of 997)
No single metric tells the full story. See the SBDXF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SED Energy Holdings PLC is focused on the energy space and invests in and operates assets within tender-assisted drilling and the seismic acquisition shipping segment. The Group operates through two main verticals and reporting segments: Energy Drilling and Seabird Exploration. Energy Drilling, which generates maximum revenue, provides tender-assisted drilling services mainly in Southeast Asia, while Seabird Exploration provides marine seismic data acquisition services and source vessel operations for the oil and gas industry. Its fleets include EDrill-1, EDrill-2, Guo Hai Tai He, T-15, T-16, and Vencedor. The Group generates revenue mainly from time-charter contracts for rigs and service contracts for vessels, with maximum revenue generated from Thailand.
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