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enCore EnergyTSXV:EU -4.07%34 ROC (Joel Greenblatt) % is 5.26% as of Mar. 2026. GuruFocus rates TSXV:EU with a GF Score™ of 34/100 and a GF Value™ of C$4.72 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 182 Other Energy Sources companies, enCore Energy ranks worse than 64.84% 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. enCore Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 5.26%.
The historical rank and industry rank for enCore Energy's ROC (Joel Greenblatt) % or its related term are showing as below:
TSXV:EU'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -28.84 Med: -13.48 Max: -4.68
Current: -9.95
During the past 13 years, enCore Energy's highest ROC (Joel Greenblatt) % was -4.68%. The lowest was -28.84%. And the median was -13.48%.
TSXV:EU's ROC (Joel Greenblatt) % is ranked worse than 64.84% of 182
companies
in the Other Energy Sources industry
Industry Median: 2.13
vs TSXV:EU: -9.95
enCore Energy's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -0.80% per year.
enCore Energy (TSXV:EU) 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.
enCore Energy ROC (Joel Greenblatt) % Related Terms
enCore Energy ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for enCore Energy'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.
TSXV:EU vs UEC, LEU: ROC (Joel Greenblatt) % Comparison
For the Uranium subindustry, enCore Energy'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.
enCore Energy ROC (Joel Greenblatt) % vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, enCore Energy's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where enCore Energy'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 5.26% mean?
enCore Energy (TSXV:EU) has a ROC (Joel Greenblatt) % of 5.26% 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 enCore Energy and its competitors. According to the industry distribution chart, enCore Energy ranks #118 out of 182 companies in the Other Energy Sources industry, placing it in the top 64.8%.
Is enCore Energy's ROC (Joel Greenblatt) % too high?
enCore Energy's current ROC (Joel Greenblatt) % is 5.26%. The Other Energy Sources industry median ROC (Joel Greenblatt) % is 2.13. enCore Energy's value of 5.26% is 146.9% above this industry median. Based on the distribution chart, enCore Energy ranks #118 out of 182 companies in the Other Energy Sources industry, which is below the industry midpoint. Overall, enCore Energy has a GF Score™ of 34/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does enCore Energy's ROC (Joel Greenblatt) % compare to UEC and LEU?
According to the Other Energy Sources industry distribution chart, enCore Energy ranks #118 out of 182 companies for ROC (Joel Greenblatt) %. This places enCore Energy in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 2.13. enCore Energy's value of 5.26% is 146.9% above this benchmark. 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 Other Energy Sources company?
The median ROC (Joel Greenblatt) % among Other Energy Sources companies is 2.13, based on 182 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. enCore Energy's current ROC (Joel Greenblatt) % of 5.26% is 146.9% 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 enCore Energy and its competitors. For the Other Energy Sources industry, the median ROC (Joel Greenblatt) % is 2.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. enCore Energy's current ROC (Joel Greenblatt) % is 5.26%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is enCore Energy stock overvalued right now?
Based on GuruFocus' analysis, enCore Energy (TSXV:EU) is currently considered Possible Value Trap. The stock's GF Value™ is C$4.72, compared to a current price of C$1.65 — trading 65% below its estimated fair value. The current ROC (Joel Greenblatt) % is 5.26% and 146.9% above the Other Energy Sources industry median of 2.13. enCore Energy's overall GF Score™ is 34/100 with 4 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 enCore Energy (TSXV:EU), the current ROC (Joel Greenblatt) % is 5.26% 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 enCore Energy (TSXV:EU) Overvalued in 2026?
Based on GuruFocus' analysis, enCore Energy stock appears to be undervalued.
The current stock price of C$1.65 is trading 65% below its estimated GF Value™ of C$4.72.
GuruFocus considers enCore Energy to be Possible Value Trap.
Key valuation signals for TSXV:EU:
ROC (Joel Greenblatt) %: 5.26%
GF Value™: C$4.72 vs. price of C$1.65 (65% below fair value)
Industry Position: 146.9% above the Other Energy Sources median (#118 of 182)
No single metric tells the full story. See the TSXV:EU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
enCore Energy Corp together with its subsidiary, is principally engaged in the acquisition, exploration, development and extraction of uranium resource properties in the United States. The Company is focused on the extraction of domestic uranium in the United States. The Company utilizes the In-Situ Recovery technology (ISR) to provide necessary fuel for the generation of clean, reliable, and carbon-free nuclear energy.
34GF Score
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