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Sunoco LPSUN -1.30%80 ROC (Joel Greenblatt) % is 21.88% as of Mar. 2026, which is 0% above its 10-year median of 21.78. GuruFocus rates SUN with a GF Score™ of 80/100 and a GF Value™ of $52.39 (Significantly Overvalued). The stock has 12 warning signs investors should review. Among 998 Oil & Gas companies, Sunoco LP ranks better than 64.43% 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. Sunoco LP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 21.88%.
The historical rank and industry rank for Sunoco LP's ROC (Joel Greenblatt) % or its related term are showing as below:
SUN'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.46 Med: 21.78 Max: 32.24
Current: 14.43
During the past 13 years, Sunoco LP's highest ROC (Joel Greenblatt) % was 32.24%. The lowest was 5.46%. And the median was 21.78%.
SUN's ROC (Joel Greenblatt) % is ranked better than 64.43% of 998
companies
in the Oil & Gas industry
Industry Median: 8.465
vs SUN: 14.43
Sunoco LP's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -12.10% 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.
The historical data trend for Sunoco LP'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.
SUN vs DINO, PBF, IEP: ROC (Joel Greenblatt) % Comparison
For the Oil & Gas Refining & Marketing subindustry, Sunoco LP'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.
Sunoco LP ROC (Joel Greenblatt) % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Sunoco LP's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Sunoco LP'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 21.88% mean?
Sunoco LP (SUN) has a ROC (Joel Greenblatt) % of 21.88% 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 Sunoco LP and its competitors. This is near median its historical median of 21.78. Over the past decade, Sunoco LP's ROC (Joel Greenblatt) % has ranged from 5.46 to 32.24. According to the industry distribution chart, Sunoco LP ranks #355 out of 998 companies in the Oil & Gas industry, placing it in the top 35.6%.
Is Sunoco LP's ROC (Joel Greenblatt) % too high?
Sunoco LP's current ROC (Joel Greenblatt) % of 21.88% is near median its 10-year median of 21.78. Over the past 10 years, this metric has ranged from a low of 5.46 to a high of 32.24. The Oil & Gas industry median ROC (Joel Greenblatt) % is 8.47. Sunoco LP's value of 21.88% is 158.5% above this industry median. Based on the distribution chart, Sunoco LP ranks #355 out of 998 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Sunoco LP has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sunoco LP's ROC (Joel Greenblatt) % compare to DINO and PBF?
According to the Oil & Gas industry distribution chart, Sunoco LP ranks #355 out of 998 companies for ROC (Joel Greenblatt) %. This puts Sunoco LP in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 8.47. Sunoco LP's value of 21.88% is 158.5% above this benchmark. Historically, Sunoco LP's own ROC (Joel Greenblatt) % has ranged from 5.46 to 32.24 over the past decade. While the company's 10-year median is 21.78 vs. the industry median of 8.47, Sunoco LP 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 Oil & Gas company?
The median ROC (Joel Greenblatt) % among Oil & Gas companies is 8.47, based on 998 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. Sunoco LP's current ROC (Joel Greenblatt) % of 21.88% is 158.5% 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 Sunoco LP and its competitors. For the Oil & Gas industry, the median ROC (Joel Greenblatt) % is 8.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sunoco LP's current ROC (Joel Greenblatt) % is 21.88%, which is near median its own 10-year median of 21.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sunoco LP stock overvalued right now?
Based on GuruFocus' analysis, Sunoco LP (SUN) is currently considered Significantly Overvalued. The stock's GF Value™ is $52.39, compared to a current price of $73.36 — trading 40% above its estimated fair value. The current ROC (Joel Greenblatt) % is 21.88%, which is near median its 10-year median of 21.78 and 158.5% above the Oil & Gas industry median of 8.47. Sunoco LP's overall GF Score™ is 80/100 with 12 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 Sunoco LP (SUN), the current ROC (Joel Greenblatt) % is 21.88% 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 Sunoco LP (SUN) Overvalued in 2026?
Based on GuruFocus' analysis, Sunoco LP stock appears to be overvalued.
The current stock price of $73.36 is trading 40% above its estimated GF Value™ of $52.39.
GuruFocus considers Sunoco LP to be Significantly Overvalued.
Key valuation signals for SUN:
ROC (Joel Greenblatt) %: 21.88% (near median its 10-year median of 21.78)
GF Value™: $52.39 vs. price of $73.36 (40% above fair value)
Industry Position: 158.5% above the Oil & Gas median (#355 of 998)
No single metric tells the full story. See the SUN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sunoco LP is a Delaware limited partnership formed in June 2012 by Susser Holdings Corporation or SUSS. In September 2012, the Company completed its initial public offering. The Company, along with its wholly owned subsidiary, is an independent motor fuel distributor by gallons in Texas, and among the distributors of Valero and Chevron branded motor fuel in the United States. The Company also receives rental income from real estate that it leases or subleases. SUSS operated approximately 580 retail convenience stores under its proprietary Stripes convenience store brand at year-end, mainly in growing Texas markets. Stripes is an independent chain of convenience stores in Texas based on store count and retail motor fuel volumes sold. Its business is integral to the success of SUSS' retail operations, and SUSS purchases substantially all of its motor fuel from the Company. In addition to distributing motor fuel, it also distributes other petroleum products such as propane and lube oil, and receives rental income from real estate that it leases or subleases. The Company purchases motor fuel mainly from independent refiners and oil companies and distributes it throughout Texas and in Louisiana, New Mexico and Oklahoma. The Company competes mainly with other independent motor fuel distributors. The Company is subject to various federal, state and local environmental laws and regulations, including those relating to underground storage tanks; the release or discharge of hazardous materials into the air, water and soil; the generation, storage, handling, use, transportation and disposal of regulated materials; the exposure of persons to regulated materials; and the remediation of contaminated soil and groundwater.
80GF Score
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