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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. Energoaparatura ENAP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -11.38%.
The historical rank and industry rank for Energoaparatura ENAP's ROC (Joel Greenblatt) % or its related term are showing as below:
WAR:ENP'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -15.33 Med: 22.68 Max: 54.09
Current: 41.26
During the past 13 years, Energoaparatura ENAP's highest ROC (Joel Greenblatt) % was 54.09%. The lowest was -15.33%. And the median was 22.68%.
WAR:ENP's ROC (Joel Greenblatt) % is ranked better than 72.18% of 1783
companies
in the Construction industry
Industry Median: 19.61
vs WAR:ENP: 41.26
Energoaparatura ENAP'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.
Energoaparatura ENAP ROC (Joel Greenblatt) % Related Terms
Energoaparatura ENAP ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Energoaparatura ENAP'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:ENP vs PWR, FIX, EME: ROC (Joel Greenblatt) % Comparison
For the Engineering & Construction subindustry, Energoaparatura ENAP'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.
Energoaparatura ENAP ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Energoaparatura ENAP's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Energoaparatura ENAP'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 -11.38% mean?
Energoaparatura ENAP (WAR:ENP) has a ROC (Joel Greenblatt) % of -11.38% 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 Energoaparatura ENAP and its competitors. According to the industry distribution chart, Energoaparatura ENAP ranks #496 out of 1783 companies in the Construction industry, placing it in the top 27.8%.
Is Energoaparatura ENAP's ROC (Joel Greenblatt) % too high?
Energoaparatura ENAP's current ROC (Joel Greenblatt) % is -11.38%. Based on the distribution chart, Energoaparatura ENAP ranks #496 out of 1783 companies in the Construction industry, which is above the industry midpoint. Overall, Energoaparatura ENAP has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Energoaparatura ENAP's ROC (Joel Greenblatt) % compare to PWR and FIX?
According to the Construction industry distribution chart, Energoaparatura ENAP ranks #496 out of 1783 companies for ROC (Joel Greenblatt) %. This puts Energoaparatura ENAP in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 19.61. 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 Construction company?
The median ROC (Joel Greenblatt) % among Construction companies is 19.61, based on 1,783 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 Energoaparatura ENAP and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Energoaparatura ENAP's current ROC (Joel Greenblatt) % is -11.38%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Energoaparatura ENAP stock overvalued right now?
Based on GuruFocus' analysis, Energoaparatura ENAP (WAR:ENP) is currently considered Fairly Valued. The stock's GF Value™ is zł3.90, compared to a current price of zł3.64 — trading 6.7% below its estimated fair value. The current ROC (Joel Greenblatt) % is -11.38%. Energoaparatura ENAP's overall GF Score™ is 76/100 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 Energoaparatura ENAP (WAR:ENP), the current ROC (Joel Greenblatt) % is -11.38% 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 Energoaparatura ENAP (WAR:ENP) Overvalued in 2026?
Based on GuruFocus' analysis, Energoaparatura ENAP stock appears to be undervalued.
The current stock price of zł3.64 is trading 6.7% below its estimated GF Value™ of zł3.90.
GuruFocus considers Energoaparatura ENAP to be Fairly Valued.
Key valuation signals for WAR:ENP:
ROC (Joel Greenblatt) %: -11.38%
GF Value™: zł3.90 vs. price of zł3.64 (6.7% below fair value)
No single metric tells the full story. See the WAR:ENP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Energoaparatura SA ENAP is engaged in specialized construction and assembly services. The company provides services in the field of electrical and power engineering as well as control and measurement equipment and automation. Its products catalog includes Device, Converters, Accessories, Relays, Sensors, Systems, Recovery Starters and others. The company generates its revenue from services construction that is installation work in the field of electrical and I and C equipment.
76GF Score
Get the complete analysis for WAR:ENP
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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