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Comstock ResourcesSTU:CX91 -2.95%73 ROC (Joel Greenblatt) % is 4.02% as of Jun. 2026, which is 6% below its 10-year median of 4.28. GuruFocus rates STU:CX91 with a GF Score™ of 73/100 and a GF Value™ of €13.90 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,004 Oil & Gas companies, Comstock Resources ranks better than 62.35% 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. Comstock Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 4.02%.
The historical rank and industry rank for Comstock Resources's ROC (Joel Greenblatt) % or its related term are showing as below:
STU:CX91'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -2.8 Med: 4.28 Max: 36.05
Current: 13.31
During the past 13 years, Comstock Resources's highest ROC (Joel Greenblatt) % was 36.05%. The lowest was -2.80%. And the median was 4.28%.
STU:CX91's ROC (Joel Greenblatt) % is ranked better than 62.35% of 1004
companies
in the Oil & Gas industry
Industry Median: 8.45
vs STU:CX91: 13.31
Comstock Resources's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
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.
Comstock Resources ROC (Joel Greenblatt) % Related Terms
Comstock Resources ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Comstock Resources'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.
STU:CX91 vs CRGY, CRC, BSM: ROC (Joel Greenblatt) % Comparison
For the Oil & Gas E&P subindustry, Comstock Resources'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.
Comstock Resources ROC (Joel Greenblatt) % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Comstock Resources's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Comstock Resources'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 (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 4.02% mean?
Comstock Resources (STU:CX91) has a ROC (Joel Greenblatt) % of 4.02% 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 Comstock Resources and its competitors. This is near median its historical median of 4.28. According to the industry distribution chart, Comstock Resources ranks #378 out of 1004 companies in the Oil & Gas industry, placing it in the top 37.6%.
Is Comstock Resources' ROC (Joel Greenblatt) % too high?
Comstock Resources' current ROC (Joel Greenblatt) % of 4.02% is near median its 10-year median of 4.28. The Oil & Gas industry median ROC (Joel Greenblatt) % is 8.45. Comstock Resources' value of 4.02% is 52.4% below this industry median. Based on the distribution chart, Comstock Resources ranks #378 out of 1004 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Comstock Resources has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Comstock Resources' ROC (Joel Greenblatt) % compare to CRGY and CRC?
According to the Oil & Gas industry distribution chart, Comstock Resources ranks #378 out of 1004 companies for ROC (Joel Greenblatt) %. This puts Comstock Resources in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 8.45. Comstock Resources' value of 4.02% is 52.4% below this benchmark. While the company's 10-year median is 4.28 vs. the industry median of 8.45, Comstock Resources has consistently been below 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 Oil & Gas company?
The median ROC (Joel Greenblatt) % among Oil & Gas companies is 8.45, based on 1,004 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. Comstock Resources's current ROC (Joel Greenblatt) % of 4.02% is 52.4% below 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 Comstock Resources and its competitors. For the Oil & Gas industry, the median ROC (Joel Greenblatt) % is 8.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Comstock Resources's current ROC (Joel Greenblatt) % is 4.02%, which is near median its own 10-year median of 4.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Comstock Resources stock overvalued right now?
Based on GuruFocus' analysis, Comstock Resources (STU:CX91) is currently considered Modestly Undervalued. The stock's GF Value™ is €13.90, compared to a current price of €11.20 — trading 19.4% below its estimated fair value. The current ROC (Joel Greenblatt) % is 4.02%, which is near median its 10-year median of 4.28 and 52.4% below the Oil & Gas industry median of 8.45. Comstock Resources' overall GF Score™ is 73/100 with 5 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 Comstock Resources (STU:CX91), the current ROC (Joel Greenblatt) % is 4.02% 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 Comstock Resources (STU:CX91) Overvalued in 2026?
Based on GuruFocus' analysis, Comstock Resources stock appears to be undervalued.
The current stock price of €11.20 is trading 19.4% below its estimated GF Value™ of €13.90.
GuruFocus considers Comstock Resources to be Modestly Undervalued.
Key valuation signals for STU:CX91:
ROC (Joel Greenblatt) %: 4.02% (near median its 10-year median of 4.28)
GF Value™: €13.90 vs. price of €11.20 (19.4% below fair value)
Industry Position: 52.4% below the Oil & Gas median (#378 of 1004)
No single metric tells the full story. See the STU:CX91 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Comstock Resources Inc is an independent natural gas producer operating in the Haynesville shale, a natural gas basin located in North Louisiana and East Texas with superior economics given its geographical proximity to the Gulf Coast natural gas markets. The Company operates in one business segment, the exploration and production of North American natural gas and oil. It is engaged in the acquisition, development, production, and exploration of oil and natural gas. The company's oil and gas operations are concentrated in Louisiana and Texas.
73GF Score
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