Altius MineralsTSX:ALS +0.64%70 ROC (Joel Greenblatt) % is 183.57% as of Mar. 2026, which is 7% below its 10-year median of 197.92. GuruFocus rates TSX:ALS with a GF Score™ of 70/100 and a GF Value™ of C$31.09 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 2,496 Metals & Mining companies, Altius Minerals ranks better than 99.6% 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. Altius Minerals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 183.57%.
The historical rank and industry rank for Altius Minerals's ROC (Joel Greenblatt) % or its related term are showing as below:
TSX:ALS'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -169.9 Med: 197.92 Max: 3845.41
Current: 3647.56
During the past 13 years, Altius Minerals's highest ROC (Joel Greenblatt) % was 3845.41%. The lowest was -169.90%. And the median was 197.92%.
TSX:ALS's ROC (Joel Greenblatt) % is ranked better than 99.6% of 2496
companies
in the Metals & Mining industry
Industry Median: -22.58
vs TSX:ALS: 3647.56
Altius Minerals'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.
Altius Minerals ROC (Joel Greenblatt) % Related Terms
Altius Minerals ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Altius Minerals'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.
For the Other Industrial Metals & Mining subindustry, Altius Minerals'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.
Altius Minerals ROC (Joel Greenblatt) % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Altius Minerals's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Altius Minerals'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 183.57% mean?
Altius Minerals (TSX:ALS) has a ROC (Joel Greenblatt) % of 183.57% 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 Altius Minerals and its competitors. This is near median its historical median of 197.92. According to the industry distribution chart, Altius Minerals ranks #10 out of 2496 companies in the Metals & Mining industry, placing it in the top 0.40000000000001%.
Is Altius Minerals' ROC (Joel Greenblatt) % too high?
Altius Minerals' current ROC (Joel Greenblatt) % of 183.57% is near median its 10-year median of 197.92. Based on the distribution chart, Altius Minerals ranks #10 out of 2496 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Altius Minerals has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Altius Minerals' ROC (Joel Greenblatt) % compare to competitors?
According to the Metals & Mining industry distribution chart, Altius Minerals ranks #10 out of 2496 companies for ROC (Joel Greenblatt) %. This places Altius Minerals in the top 0% of its industry — outperforming the majority of peers. 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 a Metals & Mining company?
A good ROC (Joel Greenblatt) % depends on the Metals & Mining industry context. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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 Altius Minerals and its competitors. Altius Minerals's current ROC (Joel Greenblatt) % is 183.57%, which is near median its own 10-year median of 197.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Altius Minerals stock overvalued right now?
Based on GuruFocus' analysis, Altius Minerals (TSX:ALS) is currently considered Significantly Overvalued. The stock's GF Value™ is C$31.09, compared to a current price of C$64.62 — trading 107.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is 183.57%, which is near median its 10-year median of 197.92. Altius Minerals' overall GF Score™ is 70/100 with 8 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 Altius Minerals (TSX:ALS), the current ROC (Joel Greenblatt) % is 183.57% 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 Altius Minerals (TSX:ALS) Overvalued in 2026?
Based on GuruFocus' analysis, Altius Minerals stock appears to be overvalued.
The current stock price of C$64.62 is trading 107.8% above its estimated GF Value™ of C$31.09.
GuruFocus considers Altius Minerals to be Significantly Overvalued.
Key valuation signals for TSX:ALS:
ROC (Joel Greenblatt) %: 183.57% (near median its 10-year median of 197.92)
GF Value™: C$31.09 vs. price of C$64.62 (107.8% above fair value)
No single metric tells the full story. See the TSX:ALS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Altius Minerals Corp is engaged in the business of obtaining diversified mining royalty. It holds interests in mining operations that produce metals and minerals such as copper, nickel, cobalt, lithium, potash, and iron ore. The corporation also holds other pre-development stage royalty interests and various earlier-stage royalties. It is engaged in the operating segments of Mineral Royalties, Renewable Royalties, and Project Generation. It generates the majority of its revenue from Mineral Royalties.
70GF Score
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