Eco Wave Power Global ABWAVE +0.56%40 ROC (Joel Greenblatt) % is -253.20% as of Mar. 2026. GuruFocus rates WAVE with a GF Score™ of 40/100 and a GF Value™ of $1.51 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 436 Utilities - Independent Power Producers companies, Eco Wave Power Global AB ranks worse than 95.87% 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. Eco Wave Power Global AB's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -253.20%.
The historical rank and industry rank for Eco Wave Power Global AB's ROC (Joel Greenblatt) % or its related term are showing as below:
WAVE'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -402.85 Med: -154.17 Max: -82.47
Current: -383.56
During the past 9 years, Eco Wave Power Global AB's highest ROC (Joel Greenblatt) % was -82.47%. The lowest was -402.85%. And the median was -154.17%.
WAVE's ROC (Joel Greenblatt) % is ranked worse than 95.87% of 436
companies
in the Utilities - Independent Power Producers industry
Industry Median: 6.525
vs WAVE: -383.56
Eco Wave Power Global AB's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -24.70% per year.
Eco Wave Power Global AB (NAS:WAVE) 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.
Eco Wave Power Global AB ROC (Joel Greenblatt) % Related Terms
Eco Wave Power Global AB ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Eco Wave Power Global AB'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.
Eco Wave Power Global AB ROC (Joel Greenblatt) % Chart
WAVE vs NXXT, AGIG, STEM: ROC (Joel Greenblatt) % Comparison
For the Utilities - Renewable subindustry, Eco Wave Power Global AB'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.
Eco Wave Power Global AB ROC (Joel Greenblatt) % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Eco Wave Power Global AB's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Eco Wave Power Global AB's ROC (Joel Greenblatt) % falls into.
Eco Wave Power Global AB 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 -253.20% mean?
Eco Wave Power Global AB (WAVE) has a ROC (Joel Greenblatt) % of -253.20% 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 Eco Wave Power Global AB and its competitors. According to the industry distribution chart, Eco Wave Power Global AB ranks #418 out of 436 companies in the Utilities - Independent Power Producers industry, placing it in the top 95.9%.
Is Eco Wave Power Global AB's ROC (Joel Greenblatt) % too high?
Eco Wave Power Global AB's current ROC (Joel Greenblatt) % is -253.20%. Based on the distribution chart, Eco Wave Power Global AB ranks #418 out of 436 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Eco Wave Power Global AB has a GF Score™ of 40/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Eco Wave Power Global AB's ROC (Joel Greenblatt) % compare to NXXT and AGIG?
According to the Utilities - Independent Power Producers industry distribution chart, Eco Wave Power Global AB ranks #418 out of 436 companies for ROC (Joel Greenblatt) %. This places Eco Wave Power Global AB in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 6.53. 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 Utilities - Independent Power Producers company?
The median ROC (Joel Greenblatt) % among Utilities - Independent Power Producers companies is 6.53, based on 436 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 Eco Wave Power Global AB and its competitors. For the Utilities - Independent Power Producers industry, the median ROC (Joel Greenblatt) % is 6.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eco Wave Power Global AB's current ROC (Joel Greenblatt) % is -253.20%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eco Wave Power Global AB stock overvalued right now?
Based on GuruFocus' analysis, Eco Wave Power Global AB (WAVE) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.51, compared to a current price of $9.19 — trading 508.4% above its estimated fair value. The current ROC (Joel Greenblatt) % is -253.20%. Eco Wave Power Global AB's overall GF Score™ is 40/100 with 5 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 Eco Wave Power Global AB (WAVE), the current ROC (Joel Greenblatt) % is -253.20% 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 Eco Wave Power Global AB (WAVE) Overvalued in 2026?
Based on GuruFocus' analysis, Eco Wave Power Global AB stock appears to be overvalued.
The current stock price of $9.19 is trading 508.4% above its estimated GF Value™ of $1.51.
GuruFocus considers Eco Wave Power Global AB to be Significantly Overvalued.
Key valuation signals for WAVE:
ROC (Joel Greenblatt) %: -253.20%
GF Value™: $1.51 vs. price of $9.19 (508.4% above fair value)
No single metric tells the full story. See the WAVE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Eco Wave Power Global AB is a Sweden-based wave energy company engaged in the development of a smart and cost-efficient wave energy conversion, or WEC, technology that converts ocean and sea waves into clean electricity. Its WEC technology employs units of point absorber floating devices, referred to as floaters, which are installed on existing marine structures such as piers, breakwaters, and jetties, or in locations in which such marine structures are required. Geographically, it has a presence in Israel, the USA, and Mexico.
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