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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. Webco Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jul. 2023 was 11.25%.
The historical rank and industry rank for Webco Industries's ROC (Joel Greenblatt) % or its related term are showing as below:
WEBC's ROC (Joel Greenblatt) % is not ranked *
in the Steel industry.
Industry Median: 7.185 * Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
Webco Industries'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.
Webco Industries ROC (Joel Greenblatt) % Related Terms
Webco Industries ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Webco Industries'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.
WEBC vs ACNT, FRD, LUD: ROC (Joel Greenblatt) % Comparison
For the Steel subindustry, Webco Industries'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.
Webco Industries ROC (Joel Greenblatt) % vs Steel Industry
For the Steel industry and Basic Materials sector, Webco Industries's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Webco Industries'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 one times the annual (Jul. 2023) 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 11.25% mean?
Webco Industries (WEBC) has a ROC (Joel Greenblatt) % of 11.25% as of Jul. 2023. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Webco Industries and its competitors.
Is Webco Industries' ROC (Joel Greenblatt) % too high?
Webco Industries' current ROC (Joel Greenblatt) % is 11.25%. The Steel industry median ROC (Joel Greenblatt) % is 7.19. Webco Industries' value of 11.25% is 56.6% above this industry median. Overall, Webco Industries has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Webco Industries' ROC (Joel Greenblatt) % compare to ACNT and FRD?
Webco Industries' ROC (Joel Greenblatt) % of 11.25% can be compared against companies in the Steel industry. The industry median ROC (Joel Greenblatt) % is 7.19. Webco Industries' value of 11.25% is 56.6% 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 a Steel company?
The median ROC (Joel Greenblatt) % among Steel companies is 7.19, based on 632 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. Webco Industries's current ROC (Joel Greenblatt) % of 11.25% is 56.6% 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 Webco Industries and its competitors. For the Steel industry, the median ROC (Joel Greenblatt) % is 7.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Webco Industries's current ROC (Joel Greenblatt) % is 11.25%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Webco Industries stock overvalued right now?
Webco Industries (WEBC) has a current ROC (Joel Greenblatt) % of 11.25%. The current ROC (Joel Greenblatt) % is 11.25% and 56.6% above the Steel industry median of 7.19. Webco Industries' overall GF Score™ is 12/100. 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 Webco Industries (WEBC), the current ROC (Joel Greenblatt) % is 11.25% as of Jul. 2023. 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.
Webco Industries Inc is a specialty manufacturer and seller of high-quality carbon and stainless steel tubing products that are designed to industry and customer specifications. The company's products includes Welded tubing; Cold drawn- Welded and Cold drawn- Seamless. Its value-added services include bending, custom mill length, end formed/swaged, finning, heat treating, packaging, precision cutting, product availability and responsiveness.
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