Toromont IndustriesTMTNF 89 ROC (Joel Greenblatt) % is 22.66% as of Mar. 2026, which is 27% below its 10-year median of 31.08. GuruFocus rates TMTNF with a GF Score™ of 89/100 and a GF Value™ of $100.99 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 158 Industrial Distribution companies, Toromont Industries ranks better than 79.11% 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. Toromont Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 22.66%.
The historical rank and industry rank for Toromont Industries's ROC (Joel Greenblatt) % or its related term are showing as below:
TMTNF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 22.69 Med: 31.08 Max: 43.14
Current: 30.17
During the past 13 years, Toromont Industries's highest ROC (Joel Greenblatt) % was 43.14%. The lowest was 22.69%. And the median was 31.08%.
TMTNF's ROC (Joel Greenblatt) % is ranked better than 79.11% of 158
companies
in the Industrial Distribution industry
Industry Median: 14.66
vs TMTNF: 30.17
Toromont Industries's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 1.60% 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.
Toromont Industries ROC (Joel Greenblatt) % Related Terms
Toromont Industries ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Toromont Industries'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.
TMTNF vs GWW, FAST, FERG: ROC (Joel Greenblatt) % Comparison
For the Industrial Distribution subindustry, Toromont 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.
Toromont Industries ROC (Joel Greenblatt) % vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Toromont Industries's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Toromont Industries'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 22.66% mean?
Toromont Industries (TMTNF) has a ROC (Joel Greenblatt) % of 22.66% 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 Toromont Industries and its competitors. This is 27% below median its historical median of 31.08. Over the past decade, Toromont Industries' ROC (Joel Greenblatt) % has ranged from 22.69 to 43.14. According to the industry distribution chart, Toromont Industries ranks #33 out of 158 companies in the Industrial Distribution industry, placing it in the top 20.9%.
Is Toromont Industries' ROC (Joel Greenblatt) % too high?
Toromont Industries' current ROC (Joel Greenblatt) % of 22.66% is 27% below median its 10-year median of 31.08. Over the past 10 years, this metric has ranged from a low of 22.69 to a high of 43.14. The Industrial Distribution industry median ROC (Joel Greenblatt) % is 14.66. Toromont Industries' value of 22.66% is 54.6% above this industry median. Based on the distribution chart, Toromont Industries ranks #33 out of 158 companies in the Industrial Distribution industry, which is in the top quartile — a strong position relative to peers. Overall, Toromont Industries has a GF Score™ of 89/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Toromont Industries' ROC (Joel Greenblatt) % compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Toromont Industries ranks #33 out of 158 companies for ROC (Joel Greenblatt) %. This places Toromont Industries in the top 21% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 14.66. Toromont Industries' value of 22.66% is 54.6% above this benchmark. Historically, Toromont Industries' own ROC (Joel Greenblatt) % has ranged from 22.69 to 43.14 over the past decade. While the company's 10-year median is 31.08 vs. the industry median of 14.66, Toromont 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 Distribution company?
The median ROC (Joel Greenblatt) % among Industrial Distribution companies is 14.66, based on 158 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. Toromont Industries's current ROC (Joel Greenblatt) % of 22.66% is 54.6% 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 Toromont Industries and its competitors. For the Industrial Distribution industry, the median ROC (Joel Greenblatt) % is 14.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toromont Industries's current ROC (Joel Greenblatt) % is 22.66%, which is 27% below median its own 10-year median of 31.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toromont Industries stock overvalued right now?
Based on GuruFocus' analysis, Toromont Industries (TMTNF) is currently considered Significantly Overvalued. The stock's GF Value™ is $100.99, compared to a current price of $160.95 — trading 59.4% above its estimated fair value. The current ROC (Joel Greenblatt) % is 22.66%, which is 27% below median its 10-year median of 31.08 and 54.6% above the Industrial Distribution industry median of 14.66. Toromont Industries' overall GF Score™ is 89/100 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 Toromont Industries (TMTNF), the current ROC (Joel Greenblatt) % is 22.66% 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 Toromont Industries (TMTNF) Overvalued in 2026?
Based on GuruFocus' analysis, Toromont Industries stock appears to be overvalued.
The current stock price of $160.95 is trading 59.4% above its estimated GF Value™ of $100.99.
GuruFocus considers Toromont Industries to be Significantly Overvalued.
Key valuation signals for TMTNF:
ROC (Joel Greenblatt) %: 22.66% (27% below median its 10-year median of 31.08)
GF Value™: $100.99 vs. price of $160.95 (59.4% above fair value)
Industry Position: 54.6% above the Industrial Distribution median (#33 of 158)
No single metric tells the full story. See the TMTNF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Toromont Industries Ltd is a Canadian industrial company. The company operates two business segments: Equipment Group and CIMCO. The larger segment by revenue, Equipment Group supplies and rents mobile and stationary machines used in road building, mining, aggregates, public infrastructure, residential construction, power generation, agriculture, forestry, truck engines, industrial, demolition, and waste management. CIMCO offers solutions for the design, engineering, fabrication, and installation of industrial and recreational refrigeration systems. The company operates majorly in Canada and derives a smaller portion of sales from the United States of America and other regions.
89GF Score
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