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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. Sanima Mai Hydropower's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was 0.00%.
The historical rank and industry rank for Sanima Mai Hydropower's ROC (Joel Greenblatt) % or its related term are showing as below:
XNEP:SHPC'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 9.93 Med: 148.92 Max: 1779.14
Current: 1779.14
During the past 12 years, Sanima Mai Hydropower's highest ROC (Joel Greenblatt) % was 1779.14%. The lowest was 9.93%. And the median was 148.92%.
XNEP:SHPC's ROC (Joel Greenblatt) % is ranked better than 98.63% of 439
companies
in the Utilities - Independent Power Producers industry
Industry Median: 6.34
vs XNEP:SHPC: 1779.14
Sanima Mai Hydropower's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 28.30% per year.
Sanima Mai Hydropower (XNEP:SHPC) 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.
Sanima Mai Hydropower ROC (Joel Greenblatt) % Related Terms
Sanima Mai Hydropower ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Sanima Mai Hydropower'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.
Sanima Mai Hydropower ROC (Joel Greenblatt) % Chart
Sanima Mai Hydropower ROC (Joel Greenblatt) % Competitor Comparison
For the Utilities - Renewable subindustry, Sanima Mai Hydropower'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.
Sanima Mai Hydropower ROC (Joel Greenblatt) % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Sanima Mai Hydropower's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Sanima Mai Hydropower's ROC (Joel Greenblatt) % falls into.
Sanima Mai Hydropower 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 (Apr. 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 0.00% mean?
Sanima Mai Hydropower (XNEP:SHPC) has a ROC (Joel Greenblatt) % of 0.00% as of Apr. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Sanima Mai Hydropower and its competitors. Over the past decade, Sanima Mai Hydropower's ROC (Joel Greenblatt) % has ranged from 9.93 to 1,779.14. According to the industry distribution chart, Sanima Mai Hydropower ranks #6 out of 439 companies in the Utilities - Independent Power Producers industry, placing it in the top 1.4%.
Is Sanima Mai Hydropower's ROC (Joel Greenblatt) % too high?
Sanima Mai Hydropower's current ROC (Joel Greenblatt) % is 0.00%. Over the past 10 years, this metric has ranged from a low of 9.93 to a high of 1,779.14. Based on the distribution chart, Sanima Mai Hydropower ranks #6 out of 439 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Sanima Mai Hydropower has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sanima Mai Hydropower's ROC (Joel Greenblatt) % compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Sanima Mai Hydropower ranks #6 out of 439 companies for ROC (Joel Greenblatt) %. This places Sanima Mai Hydropower in the top 1% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 6.34. Historically, Sanima Mai Hydropower's own ROC (Joel Greenblatt) % has ranged from 9.93 to 1,779.14 over the past decade. 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 6.34, based on 439 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 Sanima Mai Hydropower and its competitors. For the Utilities - Independent Power Producers industry, the median ROC (Joel Greenblatt) % is 6.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sanima Mai Hydropower's current ROC (Joel Greenblatt) % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sanima Mai Hydropower stock overvalued right now?
Based on GuruFocus' analysis, Sanima Mai Hydropower (XNEP:SHPC) is currently considered Significantly Overvalued. The stock's GF Value™ is NPR279.59, compared to a current price of NPR518.60 — trading 85.5% above its estimated fair value. The current ROC (Joel Greenblatt) % is 0.00%. Sanima Mai Hydropower's overall GF Score™ is 78/100 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 Sanima Mai Hydropower (XNEP:SHPC), the current ROC (Joel Greenblatt) % is 0.00% as of Apr. 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 Sanima Mai Hydropower (XNEP:SHPC) Overvalued in 2026?
Based on GuruFocus' analysis, Sanima Mai Hydropower stock appears to be overvalued.
The current stock price of NPR518.60 is trading 85.5% above its estimated GF Value™ of NPR279.59.
GuruFocus considers Sanima Mai Hydropower to be Significantly Overvalued.
Key valuation signals for XNEP:SHPC:
ROC (Joel Greenblatt) %: 0.00%
GF Value™: NPR279.59 vs. price of NPR518.60 (85.5% above fair value)
No single metric tells the full story. See the XNEP:SHPC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sanima Mai Hydropower Ltd is a hydropower company. Its activity is to generate and sell hydroelectricity to the Nepal Electricity Authority. The company's operating segment include Mai Hydropower Plant and Mai Cascade Hydropower Plant. It generates maximum revenue from the Mai Hydropower Plant segment. The Mai Hydropower Project is a run-of-the-river hydropower plant with an installed capacity of 22MW.
78GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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