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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. Forum Energy Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 22.84%.
The historical rank and industry rank for Forum Energy Technologies's ROC (Joel Greenblatt) % or its related term are showing as below:
STU:1FE1'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -85.25 Med: -15.17 Max: 12.12
Current: 10.92
During the past 13 years, Forum Energy Technologies's highest ROC (Joel Greenblatt) % was 12.12%. The lowest was -85.25%. And the median was -15.17%.
STU:1FE1's ROC (Joel Greenblatt) % is ranked better than 54.76% of 1008
companies
in the Oil & Gas industry
Industry Median: 8.765
vs STU:1FE1: 10.92
Forum Energy Technologies's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Forum Energy Technologies (STU:1FE1) 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.
Forum Energy Technologies ROC (Joel Greenblatt) % Related Terms
Forum Energy Technologies ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Forum Energy Technologies'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.
Forum Energy Technologies ROC (Joel Greenblatt) % Chart
STU:1FE1 vs EROK, ACDC, CLB: ROC (Joel Greenblatt) % Comparison
For the Oil & Gas Equipment & Services subindustry, Forum Energy Technologies'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.
Forum Energy Technologies ROC (Joel Greenblatt) % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Forum Energy Technologies's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Forum Energy Technologies's ROC (Joel Greenblatt) % falls into.
Forum Energy Technologies 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 22.84% mean?
Forum Energy Technologies (STU:1FE1) has a ROC (Joel Greenblatt) % of 22.84% 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 Forum Energy Technologies and its competitors. According to the industry distribution chart, Forum Energy Technologies ranks #456 out of 1008 companies in the Oil & Gas industry, placing it in the top 45.2%.
Is Forum Energy Technologies' ROC (Joel Greenblatt) % too high?
Forum Energy Technologies' current ROC (Joel Greenblatt) % is 22.84%. The Oil & Gas industry median ROC (Joel Greenblatt) % is 8.77. Forum Energy Technologies' value of 22.84% is 160.6% above this industry median. Based on the distribution chart, Forum Energy Technologies ranks #456 out of 1008 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Forum Energy Technologies has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Forum Energy Technologies' ROC (Joel Greenblatt) % compare to EROK and ACDC?
According to the Oil & Gas industry distribution chart, Forum Energy Technologies ranks #456 out of 1008 companies for ROC (Joel Greenblatt) %. This puts Forum Energy Technologies in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 8.77. Forum Energy Technologies' value of 22.84% is 160.6% 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 8.77, 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. Forum Energy Technologies's current ROC (Joel Greenblatt) % of 22.84% is 160.6% 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 Forum Energy Technologies and its competitors. For the Oil & Gas industry, the median ROC (Joel Greenblatt) % is 8.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forum Energy Technologies's current ROC (Joel Greenblatt) % is 22.84%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forum Energy Technologies stock overvalued right now?
Based on GuruFocus' analysis, Forum Energy Technologies (STU:1FE1) is currently considered Significantly Overvalued. The stock's GF Value™ is €17.03, compared to a current price of €71.00 — trading 316.9% above its estimated fair value. The current ROC (Joel Greenblatt) % is 22.84% and 160.6% above the Oil & Gas industry median of 8.77. Forum Energy Technologies' overall GF Score™ is 47/100 with 6 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 Forum Energy Technologies (STU:1FE1), the current ROC (Joel Greenblatt) % is 22.84% 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 Forum Energy Technologies (STU:1FE1) Overvalued in 2026?
Based on GuruFocus' analysis, Forum Energy Technologies stock appears to be overvalued.
The current stock price of €71.00 is trading 316.9% above its estimated GF Value™ of €17.03.
GuruFocus considers Forum Energy Technologies to be Significantly Overvalued.
Key valuation signals for STU:1FE1:
ROC (Joel Greenblatt) %: 22.84%
GF Value™: €17.03 vs. price of €71.00 (316.9% above fair value)
Industry Position: 160.6% above the Oil & Gas median (#456 of 1008)
No single metric tells the full story. See the STU:1FE1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Forum Energy Technologies Inc is a manufacturing company serving the oil, natural gas, industrial, and renewable energy industries. Its products include engineered capital equipment, as well as products that are consumed in the drilling, well construction, production, and transportation of oil and natural gas. The company operates in two reportable segments: Drilling and Completions, and Artificial Lift and Downhole. Maximum revenue is generated from the Drilling and Completions segment, which offers products used in the drilling process, and other products like hydraulic fracturing pumps, ROVs and trenchers, submarine rescue vehicles, etc. Geographically, the firm generates maximum revenue from the U.S., followed by Canada, Middle East, Europe and Africa, Asia-Pacific, and Latin America.
47GF Score
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