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. Tidewater Midstream and Infrastructure's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -1.47%.
TWMIF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -27.15 Med: 3.91 Max: 11.23
Current: -4.44
During the past 11 years, Tidewater Midstream and Infrastructure's highest ROC (Joel Greenblatt) % was 11.23%. The lowest was -27.15%. And the median was 3.91%.
TWMIF's ROC (Joel Greenblatt) % is ranked worse than 72.72% of 997
companies
in the Oil & Gas industry
Industry Median: 8.55
vs TWMIF: -4.44
Tidewater Midstream and Infrastructure (OTCPK:TWMIF) 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.
Tidewater Midstream and Infrastructure ROC (Joel Greenblatt) % Chart
Tidewater Midstream and Infrastructure Annual Data
TWMIF vs WMB, EPD, KMI: ROC (Joel Greenblatt) % Comparison
For the Oil & Gas Midstream subindustry, Tidewater Midstream and Infrastructure'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.
Tidewater Midstream and Infrastructure ROC (Joel Greenblatt) % vs Oil & Gas Industry
Tidewater Midstream and Infrastructure 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 -1.47% mean?
Tidewater Midstream and Infrastructure (TWMIF) has a ROC (Joel Greenblatt) % of -1.47% 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 Tidewater Midstream and Infrastructure and its competitors. According to the industry distribution chart, Tidewater Midstream and Infrastructure ranks #725 out of 997 companies in the Oil & Gas industry, placing it in the top 72.7%.
Is Tidewater Midstream and Infrastructure's ROC (Joel Greenblatt) % too high?
Tidewater Midstream and Infrastructure's current ROC (Joel Greenblatt) % is -1.47%. Based on the distribution chart, Tidewater Midstream and Infrastructure ranks #725 out of 997 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Tidewater Midstream and Infrastructure has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tidewater Midstream and Infrastructure's ROC (Joel Greenblatt) % compare to WMB and EPD?
According to the Oil & Gas industry distribution chart, Tidewater Midstream and Infrastructure ranks #725 out of 997 companies for ROC (Joel Greenblatt) %. This places Tidewater Midstream and Infrastructure in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 8.55. 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 8.55, based on 997 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. 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 Tidewater Midstream and Infrastructure and its competitors. For the Oil & Gas industry, the median ROC (Joel Greenblatt) % is 8.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tidewater Midstream and Infrastructure's current ROC (Joel Greenblatt) % is -1.47%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tidewater Midstream and Infrastructure stock overvalued right now?
Based on GuruFocus' analysis, Tidewater Midstream and Infrastructure (TWMIF) is currently considered Significantly Overvalued. The stock's GF Value™ is $5.43, compared to a current price of $12.06 — trading 122.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is -1.47%. Tidewater Midstream and Infrastructure's overall GF Score™ is 44/100 with 9 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 Tidewater Midstream and Infrastructure (TWMIF), the current ROC (Joel Greenblatt) % is -1.47% 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 Tidewater Midstream and Infrastructure (TWMIF) Overvalued in 2026?
Based on GuruFocus' analysis, Tidewater Midstream and Infrastructure stock appears to be overvalued.
The current stock price of $12.06 is trading 122.1% above its estimated GF Value™ of $5.43.
GuruFocus considers Tidewater Midstream and Infrastructure to be Significantly Overvalued.
Key valuation signals for TWMIF:
ROC (Joel Greenblatt) %: -1.47%
GF Value™: $5.43 vs. price of $12.06 (122.1% above fair value)
No single metric tells the full story. See the TWMIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tidewater Midstream and Infrastructure Business Description
Tidewater Midstream and Infrastructure Ltd is a Canadian company that is engaged in providing midstream infrastructure and a natural gas storage facility. It mainly focuses on the purchase, sale, and transportation of Natural Gas Liquids (NGLs) such as propane, butane, and natural gasoline throughout North America and exports to premium markets. The business activities of the company include gathering, processing, and transportation related to raw gas gathering systems, processing plants, and pipelines, NGL marketing and Extraction, refined products, and other activities.
44GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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