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Advanced Energy IndustriesSTU:AVX -0.20%76 ROC (Joel Greenblatt) % is 36.44% as of Mar. 2026, which is 5% below its 10-year median of 38.54. GuruFocus rates STU:AVX with a GF Score™ of 76/100 and a GF Value™ of €118.28 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 3,060 Industrial Products companies, Advanced Energy Industries ranks better than 77.68% 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. Advanced Energy Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 36.44%.
The historical rank and industry rank for Advanced Energy Industries's ROC (Joel Greenblatt) % or its related term are showing as below:
STU:AVX'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 11.58 Med: 38.54 Max: 245.33
Current: 29.38
During the past 13 years, Advanced Energy Industries's highest ROC (Joel Greenblatt) % was 245.33%. The lowest was 11.58%. And the median was 38.54%.
STU:AVX's ROC (Joel Greenblatt) % is ranked better than 77.68% of 3060
companies
in the Industrial Products industry
Industry Median: 11.73
vs STU:AVX: 29.38
Advanced Energy Industries's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -16.90% per year.
Advanced Energy Industries (STU:AVX) 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.
Advanced Energy Industries ROC (Joel Greenblatt) % Chart
STU:AVX vs FPS, AYI, POWL: ROC (Joel Greenblatt) % Comparison
For the Electrical Equipment & Parts subindustry, Advanced Energy Industries'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.
Advanced Energy Industries ROC (Joel Greenblatt) % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Advanced Energy Industries's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Advanced Energy Industries's ROC (Joel Greenblatt) % falls into.
Advanced Energy Industries 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 36.44% mean?
Advanced Energy Industries (STU:AVX) has a ROC (Joel Greenblatt) % of 36.44% 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 Advanced Energy Industries and its competitors. This is near median its historical median of 38.54. Over the past decade, Advanced Energy Industries' ROC (Joel Greenblatt) % has ranged from 11.58 to 245.33. According to the industry distribution chart, Advanced Energy Industries ranks #683 out of 3060 companies in the Industrial Products industry, placing it in the top 22.3%.
Is Advanced Energy Industries' ROC (Joel Greenblatt) % too high?
Advanced Energy Industries' current ROC (Joel Greenblatt) % of 36.44% is near median its 10-year median of 38.54. Over the past 10 years, this metric has ranged from a low of 11.58 to a high of 245.33. The Industrial Products industry median ROC (Joel Greenblatt) % is 11.73. Advanced Energy Industries' value of 36.44% is 210.7% above this industry median. Based on the distribution chart, Advanced Energy Industries ranks #683 out of 3060 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Advanced Energy Industries has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Advanced Energy Industries' ROC (Joel Greenblatt) % compare to FPS and AYI?
According to the Industrial Products industry distribution chart, Advanced Energy Industries ranks #683 out of 3060 companies for ROC (Joel Greenblatt) %. This places Advanced Energy Industries in the top 22% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.73. Advanced Energy Industries' value of 36.44% is 210.7% above this benchmark. Historically, Advanced Energy Industries' own ROC (Joel Greenblatt) % has ranged from 11.58 to 245.33 over the past decade. While the company's 10-year median is 38.54 vs. the industry median of 11.73, Advanced Energy Industries 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 Industrial Products company?
The median ROC (Joel Greenblatt) % among Industrial Products companies is 11.73, based on 3,060 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. Advanced Energy Industries's current ROC (Joel Greenblatt) % of 36.44% is 210.7% 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 Advanced Energy Industries and its competitors. For the Industrial Products industry, the median ROC (Joel Greenblatt) % is 11.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Advanced Energy Industries's current ROC (Joel Greenblatt) % is 36.44%, which is near median its own 10-year median of 38.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Advanced Energy Industries stock overvalued right now?
Based on GuruFocus' analysis, Advanced Energy Industries (STU:AVX) is currently considered Significantly Overvalued. The stock's GF Value™ is €118.28, compared to a current price of €248.20 — trading 109.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is 36.44%, which is near median its 10-year median of 38.54 and 210.7% above the Industrial Products industry median of 11.73. Advanced Energy Industries' overall GF Score™ is 76/100 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 Advanced Energy Industries (STU:AVX), the current ROC (Joel Greenblatt) % is 36.44% 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 Advanced Energy Industries (STU:AVX) Overvalued in 2026?
Based on GuruFocus' analysis, Advanced Energy Industries stock appears to be overvalued.
The current stock price of €248.20 is trading 109.8% above its estimated GF Value™ of €118.28.
GuruFocus considers Advanced Energy Industries to be Significantly Overvalued.
Key valuation signals for STU:AVX:
ROC (Joel Greenblatt) %: 36.44% (near median its 10-year median of 38.54)
GF Value™: €118.28 vs. price of €248.20 (109.8% above fair value)
Industry Position: 210.7% above the Industrial Products median (#683 of 3060)
No single metric tells the full story. See the STU:AVX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Advanced Energy Industries Inc provides precision power conversion, measurement, and control solutions. The company designs, manufactures, sells, and services power electronics conversion products that transform raw electrical power into controllable, usable power for complex equipment. It operates in one reporting segment, Power Electronics Conversion Products, serving the Semiconductor Equipment, Data Center Computing, Industrial and Medical, and Telecom and Networking markets. Its products include Plasma Power Products, AC-DC Power Supply Units, DC-DC Converters, High Voltage solutions, SCR Power Controllers, and Sense and Measurement solutions. The company operates in the United States, Asia, Europe, and other regions.
76GF Score
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