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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. Refrigeration Electrical Engineering's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 26.82%.
The historical rank and industry rank for Refrigeration Electrical Engineering's ROC (Joel Greenblatt) % or its related term are showing as below:
STC:REE'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 19.08 Med: 57.81 Max: 160.03
Current: 24.5
During the past 13 years, Refrigeration Electrical Engineering's highest ROC (Joel Greenblatt) % was 160.03%. The lowest was 19.08%. And the median was 57.81%.
STC:REE's ROC (Joel Greenblatt) % is ranked better than 56.44% of 1779
companies
in the Construction industry
Industry Median: 19.68
vs STC:REE: 24.50
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.
STC:REE vs PWR, FIX, EME: ROC (Joel Greenblatt) % Comparison
For the Engineering & Construction subindustry, Refrigeration Electrical Engineering'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.
Refrigeration Electrical Engineering ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Refrigeration Electrical Engineering's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Refrigeration Electrical Engineering'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 26.82% mean?
Refrigeration Electrical Engineering (STC:REE) has a ROC (Joel Greenblatt) % of 26.82% 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 Refrigeration Electrical Engineering and its competitors. This is 54% below median its historical median of 57.81. Over the past decade, Refrigeration Electrical Engineering's ROC (Joel Greenblatt) % has ranged from 19.08 to 160.03. According to the industry distribution chart, Refrigeration Electrical Engineering ranks #775 out of 1779 companies in the Construction industry, placing it in the top 43.6%.
Is Refrigeration Electrical Engineering's ROC (Joel Greenblatt) % too high?
Refrigeration Electrical Engineering's current ROC (Joel Greenblatt) % of 26.82% is 54% below median its 10-year median of 57.81. Over the past 10 years, this metric has ranged from a low of 19.08 to a high of 160.03. The Construction industry median ROC (Joel Greenblatt) % is 19.68. Refrigeration Electrical Engineering's value of 26.82% is 36.3% above this industry median. Based on the distribution chart, Refrigeration Electrical Engineering ranks #775 out of 1779 companies in the Construction industry, which is above the industry midpoint. Overall, Refrigeration Electrical Engineering has a GF Score™ of 100/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Refrigeration Electrical Engineering's ROC (Joel Greenblatt) % compare to PWR and FIX?
According to the Construction industry distribution chart, Refrigeration Electrical Engineering ranks #775 out of 1779 companies for ROC (Joel Greenblatt) %. This puts Refrigeration Electrical Engineering in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 19.68. Refrigeration Electrical Engineering's value of 26.82% is 36.3% above this benchmark. Historically, Refrigeration Electrical Engineering's own ROC (Joel Greenblatt) % has ranged from 19.08 to 160.03 over the past decade. While the company's 10-year median is 57.81 vs. the industry median of 19.68, Refrigeration Electrical Engineering 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 a Construction company?
The median ROC (Joel Greenblatt) % among Construction companies is 19.68, based on 1,779 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. Refrigeration Electrical Engineering's current ROC (Joel Greenblatt) % of 26.82% is 36.3% 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 Refrigeration Electrical Engineering and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Refrigeration Electrical Engineering's current ROC (Joel Greenblatt) % is 26.82%, which is 54% below median its own 10-year median of 57.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Refrigeration Electrical Engineering stock overvalued right now?
Based on GuruFocus' analysis, Refrigeration Electrical Engineering (STC:REE) is currently considered Modestly Undervalued. The stock's GF Value™ is ₫62,965.61, compared to a current price of ₫44,400.00 — trading 29.5% below its estimated fair value. The current ROC (Joel Greenblatt) % is 26.82%, which is 54% below median its 10-year median of 57.81 and 36.3% above the Construction industry median of 19.68. Refrigeration Electrical Engineering's overall GF Score™ is 100/100 with 1 warning sign 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 Refrigeration Electrical Engineering (STC:REE), the current ROC (Joel Greenblatt) % is 26.82% 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 Refrigeration Electrical Engineering (STC:REE) Overvalued in 2026?
Based on GuruFocus' analysis, Refrigeration Electrical Engineering stock appears to be undervalued.
The current stock price of ₫44,400.00 is trading 29.5% below its estimated GF Value™ of ₫62,965.61.
GuruFocus considers Refrigeration Electrical Engineering to be Modestly Undervalued.
Key valuation signals for STC:REE:
ROC (Joel Greenblatt) %: 26.82% (54% below median its 10-year median of 57.81)
GF Value™: ₫62,965.61 vs. price of ₫44,400.00 (29.5% below fair value)
Industry Position: 36.3% above the Construction median (#775 of 1779)
No single metric tells the full story. See the STC:REE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Refrigeration Electrical Engineering Business Description
Refrigeration Electrical Engineering Corp along with its subsidiaries provides mechanical and electrical engineering services. It includes M&E services (M&E); manufacturing, assembling and trading Reetech air-conditioner systems; real estate development and management; and electricity and water infrastructure.
100GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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