Explosifs et Produits ChimiquesXPAR:EXPL -1.06%88 ROC (Joel Greenblatt) % is 18.90% as of Dec. 2025, which is 38% above its 10-year median of 13.68. GuruFocus rates XPAR:EXPL with a GF Score™ of 88/100 and a GF Value™ of €176.11 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,602 Chemicals companies, Explosifs et Produits Chimiques ranks better than 71.54% 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. Explosifs et Produits Chimiques's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 18.90%.
The historical rank and industry rank for Explosifs et Produits Chimiques's ROC (Joel Greenblatt) % or its related term are showing as below:
XPAR:EXPL'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -6.3 Med: 13.68 Max: 18.63
Current: 18.22
During the past 13 years, Explosifs et Produits Chimiques's highest ROC (Joel Greenblatt) % was 18.63%. The lowest was -6.30%. And the median was 13.68%.
XPAR:EXPL's ROC (Joel Greenblatt) % is ranked better than 71.54% of 1602
companies
in the Chemicals industry
Industry Median: 9.385
vs XPAR:EXPL: 18.22
Explosifs et Produits Chimiques (XPAR:EXPL) 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.
* 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.
Explosifs et Produits Chimiques ROC (Joel Greenblatt) % Chart
XPAR:EXPL vs LIN, SHW, ECL: ROC (Joel Greenblatt) % Comparison
For the Specialty Chemicals subindustry, Explosifs et Produits Chimiques'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.
Explosifs et Produits Chimiques ROC (Joel Greenblatt) % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Explosifs et Produits Chimiques's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Explosifs et Produits Chimiques's ROC (Joel Greenblatt) % falls into.
Explosifs et Produits Chimiques 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 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 18.90% mean?
Explosifs et Produits Chimiques (XPAR:EXPL) has a ROC (Joel Greenblatt) % of 18.90% 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 Explosifs et Produits Chimiques and its competitors. This is 38% above median its historical median of 13.68. According to the industry distribution chart, Explosifs et Produits Chimiques ranks #456 out of 1602 companies in the Chemicals industry, placing it in the top 28.5%.
Is Explosifs et Produits Chimiques' ROC (Joel Greenblatt) % too high?
Explosifs et Produits Chimiques' current ROC (Joel Greenblatt) % of 18.90% is 38% above median its 10-year median of 13.68. The Chemicals industry median ROC (Joel Greenblatt) % is 9.39. Explosifs et Produits Chimiques' value of 18.90% is 101.4% above this industry median. Based on the distribution chart, Explosifs et Produits Chimiques ranks #456 out of 1602 companies in the Chemicals industry, which is above the industry midpoint. Overall, Explosifs et Produits Chimiques has a GF Score™ of 88/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Explosifs et Produits Chimiques' ROC (Joel Greenblatt) % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Explosifs et Produits Chimiques ranks #456 out of 1602 companies for ROC (Joel Greenblatt) %. This puts Explosifs et Produits Chimiques in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 9.39. Explosifs et Produits Chimiques' value of 18.90% is 101.4% above this benchmark. While the company's 10-year median is 13.68 vs. the industry median of 9.39, Explosifs et Produits Chimiques 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 a Chemicals company?
The median ROC (Joel Greenblatt) % among Chemicals companies is 9.39, based on 1,602 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. Explosifs et Produits Chimiques's current ROC (Joel Greenblatt) % of 18.90% is 101.4% 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 Explosifs et Produits Chimiques and its competitors. For the Chemicals industry, the median ROC (Joel Greenblatt) % is 9.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Explosifs et Produits Chimiques's current ROC (Joel Greenblatt) % is 18.90%, which is 38% above median its own 10-year median of 13.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Explosifs et Produits Chimiques stock overvalued right now?
Based on GuruFocus' analysis, Explosifs et Produits Chimiques (XPAR:EXPL) is currently considered Significantly Overvalued. The stock's GF Value™ is €176.11, compared to a current price of €281.00 — trading 59.6% above its estimated fair value. The current ROC (Joel Greenblatt) % is 18.90%, which is 38% above median its 10-year median of 13.68 and 101.4% above the Chemicals industry median of 9.39. Explosifs et Produits Chimiques' overall GF Score™ is 88/100 with 6 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 Explosifs et Produits Chimiques (XPAR:EXPL), the current ROC (Joel Greenblatt) % is 18.90% 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 Explosifs et Produits Chimiques (XPAR:EXPL) Overvalued in 2026?
Based on GuruFocus' analysis, Explosifs et Produits Chimiques stock appears to be overvalued.
The current stock price of €281.00 is trading 59.6% above its estimated GF Value™ of €176.11.
GuruFocus considers Explosifs et Produits Chimiques to be Significantly Overvalued.
Key valuation signals for XPAR:EXPL:
ROC (Joel Greenblatt) %: 18.90% (38% above median its 10-year median of 13.68)
GF Value™: €176.11 vs. price of €281.00 (59.6% above fair value)
Industry Position: 101.4% above the Chemicals median (#456 of 1602)
No single metric tells the full story. See the XPAR:EXPL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Explosifs et Produits Chimiques Business Description
Explosifs et Produits Chimiques is a France-based company engaged in the provision of products and services in the field of explosives. The company is involved in the activities of Explosives, Drilling and Blasting, Logistics, Demolition, Additives and Innovation.
88GF 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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