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Black PointWAR:BPN 40 ROC (Joel Greenblatt) % is -0.18% as of Mar. 2026. GuruFocus rates WAR:BPN with a GF Score™ of 40/100 and a GF Value™ of zł0.52 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,607 Chemicals companies, Black Point ranks worse than 70.69% 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. Black Point's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -0.18%.
The historical rank and industry rank for Black Point's ROC (Joel Greenblatt) % or its related term are showing as below:
WAR:BPN'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -23.52 Med: 11.63 Max: 20.15
Current: 3.42
During the past 13 years, Black Point's highest ROC (Joel Greenblatt) % was 20.15%. The lowest was -23.52%. And the median was 11.63%.
WAR:BPN's ROC (Joel Greenblatt) % is ranked worse than 70.69% of 1607
companies
in the Chemicals industry
Industry Median: 9.97
vs WAR:BPN: 3.42
Black Point's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Black Point (WAR:BPN) 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.
Black Point ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Black Point'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.
WAR:BPN vs LIN, SHW, ECL: ROC (Joel Greenblatt) % Comparison
For the Specialty Chemicals subindustry, Black Point'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.
Black Point ROC (Joel Greenblatt) % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Black Point's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Black Point'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 -0.18% mean?
Black Point (WAR:BPN) has a ROC (Joel Greenblatt) % of -0.18% 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 Black Point and its competitors. According to the industry distribution chart, Black Point ranks #1136 out of 1607 companies in the Chemicals industry, placing it in the top 70.7%.
Is Black Point's ROC (Joel Greenblatt) % too high?
Black Point's current ROC (Joel Greenblatt) % is -0.18%. Based on the distribution chart, Black Point ranks #1136 out of 1607 companies in the Chemicals industry, which is below the industry midpoint. Overall, Black Point has a GF Score™ of 40/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Black Point's ROC (Joel Greenblatt) % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Black Point ranks #1136 out of 1607 companies for ROC (Joel Greenblatt) %. This places Black Point in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 9.97. 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 Chemicals company?
The median ROC (Joel Greenblatt) % among Chemicals companies is 9.97, based on 1,607 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 Black Point and its competitors. For the Chemicals industry, the median ROC (Joel Greenblatt) % is 9.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Black Point's current ROC (Joel Greenblatt) % is -0.18%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Black Point stock overvalued right now?
Based on GuruFocus' analysis, Black Point (WAR:BPN) is currently considered Possible Value Trap. The stock's GF Value™ is zł0.52, compared to a current price of zł0.29 — trading 44.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is -0.18%. Black Point's overall GF Score™ is 40/100 with 3 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 Black Point (WAR:BPN), the current ROC (Joel Greenblatt) % is -0.18% 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 Black Point (WAR:BPN) Overvalued in 2026?
Based on GuruFocus' analysis, Black Point stock appears to be undervalued.
The current stock price of zł0.29 is trading 44.2% below its estimated GF Value™ of zł0.52.
GuruFocus considers Black Point to be Possible Value Trap.
Key valuation signals for WAR:BPN:
ROC (Joel Greenblatt) %: -0.18%
GF Value™: zł0.52 vs. price of zł0.29 (44.2% below fair value)
No single metric tells the full story. See the WAR:BPN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Black Point SA is a domestic manufacturer of toners and inks. The company also distributes stationery consumables such as tapes for dot matrix printers and thermal transfer rolls for fax machines.
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