Whitehaven CoalWHITF +0.67%80 ROC (Joel Greenblatt) % is 4.08% as of Dec. 2025, which is 72% below its 10-year median of 14.43. GuruFocus rates WHITF with a GF Score™ of 80/100 and a GF Value™ of $4.95 (Fairly Valued). The stock has 7 warning signs investors should review. Among 181 Other Energy Sources companies, Whitehaven Coal ranks better than 68.51% 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. Whitehaven Coal's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 4.08%.
The historical rank and industry rank for Whitehaven Coal's ROC (Joel Greenblatt) % or its related term are showing as below:
WHITF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -16.4 Med: 14.43 Max: 92.22
Current: 11.46
During the past 13 years, Whitehaven Coal's highest ROC (Joel Greenblatt) % was 92.22%. The lowest was -16.40%. And the median was 14.43%.
WHITF's ROC (Joel Greenblatt) % is ranked better than 68.51% of 181
companies
in the Other Energy Sources industry
Industry Median: 2.61
vs WHITF: 11.46
Whitehaven Coal'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.
Whitehaven Coal ROC (Joel Greenblatt) % Related Terms
Whitehaven Coal ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Whitehaven Coal'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.
For the Thermal Coal subindustry, Whitehaven Coal'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.
Whitehaven Coal ROC (Joel Greenblatt) % vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Whitehaven Coal's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Whitehaven Coal'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 two times the semi-annual (Dec. 2025) 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 4.08% mean?
Whitehaven Coal (WHITF) has a ROC (Joel Greenblatt) % of 4.08% as of Dec. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Whitehaven Coal and its competitors. This is 72% below median its historical median of 14.43. According to the industry distribution chart, Whitehaven Coal ranks #57 out of 181 companies in the Other Energy Sources industry, placing it in the top 31.5%.
Is Whitehaven Coal's ROC (Joel Greenblatt) % too high?
Whitehaven Coal's current ROC (Joel Greenblatt) % of 4.08% is 72% below median its 10-year median of 14.43. The Other Energy Sources industry median ROC (Joel Greenblatt) % is 2.61. Whitehaven Coal's value of 4.08% is 56.3% above this industry median. Based on the distribution chart, Whitehaven Coal ranks #57 out of 181 companies in the Other Energy Sources industry, which is above the industry midpoint. Overall, Whitehaven Coal has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Whitehaven Coal's ROC (Joel Greenblatt) % compare to competitors?
According to the Other Energy Sources industry distribution chart, Whitehaven Coal ranks #57 out of 181 companies for ROC (Joel Greenblatt) %. This puts Whitehaven Coal in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 2.61. Whitehaven Coal's value of 4.08% is 56.3% above this benchmark. While the company's 10-year median is 14.43 vs. the industry median of 2.61, Whitehaven Coal has consistently been above the industry average. 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 Other Energy Sources company?
The median ROC (Joel Greenblatt) % among Other Energy Sources companies is 2.61, based on 181 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. Whitehaven Coal's current ROC (Joel Greenblatt) % of 4.08% is 56.3% 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 Whitehaven Coal and its competitors. For the Other Energy Sources industry, the median ROC (Joel Greenblatt) % is 2.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Whitehaven Coal's current ROC (Joel Greenblatt) % is 4.08%, which is 72% below median its own 10-year median of 14.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Whitehaven Coal stock overvalued right now?
Based on GuruFocus' analysis, Whitehaven Coal (WHITF) is currently considered Fairly Valued. The stock's GF Value™ is $4.95, compared to a current price of $5.23 — trading 5.7% above its estimated fair value. The current ROC (Joel Greenblatt) % is 4.08%, which is 72% below median its 10-year median of 14.43 and 56.3% above the Other Energy Sources industry median of 2.61. Whitehaven Coal's overall GF Score™ is 80/100 with 7 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 Whitehaven Coal (WHITF), the current ROC (Joel Greenblatt) % is 4.08% as of Dec. 2025. 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 Whitehaven Coal (WHITF) Overvalued in 2026?
Based on GuruFocus' analysis, Whitehaven Coal stock appears to be overvalued.
The current stock price of $5.23 is trading 5.7% above its estimated GF Value™ of $4.95.
GuruFocus considers Whitehaven Coal to be Fairly Valued.
Key valuation signals for WHITF:
ROC (Joel Greenblatt) %: 4.08% (72% below median its 10-year median of 14.43)
GF Value™: $4.95 vs. price of $5.23 (5.7% above fair value)
Industry Position: 56.3% above the Other Energy Sources median (#57 of 181)
No single metric tells the full story. See the WHITF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Whitehaven Coal is a large Australian independent thermal and metallurgical coal miner with mines in the Gunnedah Basin, New South Wales. It also bought Blackwater and Daunia, two coking coal mines in Queensland, from BHP and Mitsubishi in April 2024. In addition, it owns the large Winchester South deposit next to its Daunia mine. Coal is railed to ports in Newcastle and Queensland for export to Asian customers. Initial production of about 1 million metric tons from Vickery and expanded production at its Queensland mines, Maules Creek, and Narrabri means we expect its share of salable coal production to approach 31 million metric tons from fiscal 2030, from about 13 million in fiscal 2023.
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