Transportadora de Gas del SurTGS -0.91%96 ROC (Joel Greenblatt) % is 33.87% as of Mar. 2026, which is 31% below its 10-year median of 49.19. GuruFocus rates TGS with a GF Score™ of 96/100 and a GF Value™ of $22.32 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,000 Oil & Gas companies, Transportadora de Gas del Sur ranks better than 83.6% 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. Transportadora de Gas del Sur's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 33.87%.
The historical rank and industry rank for Transportadora de Gas del Sur's ROC (Joel Greenblatt) % or its related term are showing as below:
TGS'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 12.36 Med: 49.19 Max: 104.39
Current: 26.74
During the past 13 years, Transportadora de Gas del Sur's highest ROC (Joel Greenblatt) % was 104.39%. The lowest was 12.36%. And the median was 49.19%.
TGS's ROC (Joel Greenblatt) % is ranked better than 83.6% of 1000
companies
in the Oil & Gas industry
Industry Median: 8.415
vs TGS: 26.74
Transportadora de Gas del Sur (NYSE:TGS) 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.
Transportadora de Gas del Sur ROC (Joel Greenblatt) % Chart
TGS vs XOM, CVX: ROC (Joel Greenblatt) % Comparison
For the Oil & Gas Integrated subindustry, Transportadora de Gas del Sur'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.
Transportadora de Gas del Sur ROC (Joel Greenblatt) % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Transportadora de Gas del Sur's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Transportadora de Gas del Sur's ROC (Joel Greenblatt) % falls into.
Transportadora de Gas del Sur 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 33.87% mean?
Transportadora de Gas del Sur (TGS) has a ROC (Joel Greenblatt) % of 33.87% 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 Transportadora de Gas del Sur and its competitors. This is 31% below median its historical median of 49.19. Over the past decade, Transportadora de Gas del Sur's ROC (Joel Greenblatt) % has ranged from 12.36 to 104.39. According to the industry distribution chart, Transportadora de Gas del Sur ranks #164 out of 1000 companies in the Oil & Gas industry, placing it in the top 16.4%.
Is Transportadora de Gas del Sur's ROC (Joel Greenblatt) % too high?
Transportadora de Gas del Sur's current ROC (Joel Greenblatt) % of 33.87% is 31% below median its 10-year median of 49.19. Over the past 10 years, this metric has ranged from a low of 12.36 to a high of 104.39. The Oil & Gas industry median ROC (Joel Greenblatt) % is 8.42. Transportadora de Gas del Sur's value of 33.87% is 302.5% above this industry median. Based on the distribution chart, Transportadora de Gas del Sur ranks #164 out of 1000 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Transportadora de Gas del Sur has a GF Score™ of 96/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Transportadora de Gas del Sur's ROC (Joel Greenblatt) % compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Transportadora de Gas del Sur ranks #164 out of 1000 companies for ROC (Joel Greenblatt) %. This places Transportadora de Gas del Sur in the top 16% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 8.42. Transportadora de Gas del Sur's value of 33.87% is 302.5% above this benchmark. Historically, Transportadora de Gas del Sur's own ROC (Joel Greenblatt) % has ranged from 12.36 to 104.39 over the past decade. While the company's 10-year median is 49.19 vs. the industry median of 8.42, Transportadora de Gas del Sur 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 8.42, based on 1,000 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. Transportadora de Gas del Sur's current ROC (Joel Greenblatt) % of 33.87% is 302.5% 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 Transportadora de Gas del Sur and its competitors. For the Oil & Gas industry, the median ROC (Joel Greenblatt) % is 8.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Transportadora de Gas del Sur's current ROC (Joel Greenblatt) % is 33.87%, which is 31% below median its own 10-year median of 49.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Transportadora de Gas del Sur stock overvalued right now?
Based on GuruFocus' analysis, Transportadora de Gas del Sur (TGS) is currently considered Significantly Overvalued. The stock's GF Value™ is $22.32, compared to a current price of $29.46 — trading 32% above its estimated fair value. The current ROC (Joel Greenblatt) % is 33.87%, which is 31% below median its 10-year median of 49.19 and 302.5% above the Oil & Gas industry median of 8.42. Transportadora de Gas del Sur's overall GF Score™ is 96/100 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 Transportadora de Gas del Sur (TGS), the current ROC (Joel Greenblatt) % is 33.87% 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 Transportadora de Gas del Sur (TGS) Overvalued in 2026?
Based on GuruFocus' analysis, Transportadora de Gas del Sur stock appears to be overvalued.
The current stock price of $29.46 is trading 32% above its estimated GF Value™ of $22.32.
GuruFocus considers Transportadora de Gas del Sur to be Significantly Overvalued.
Key valuation signals for TGS:
ROC (Joel Greenblatt) %: 33.87% (31% below median its 10-year median of 49.19)
GF Value™: $22.32 vs. price of $29.46 (32% above fair value)
Industry Position: 302.5% above the Oil & Gas median (#164 of 1000)
No single metric tells the full story. See the TGS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Transportadora de Gas del Sur Business Description
Transportadora de Gas del Sur SA is a natural gas transporter in Latin America. The company's operating segments include Natural Gas Transportation, Midstream, Telecommunications, and Liquids Production and Commercialization. It generates maximum revenue from the Natural Gas Transportation segment. Geographically, it derives the majority of its revenue from Argentina.
96GF Score
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