Photocat ASXSAT:PCAT -1.67%9 ROC (Joel Greenblatt) % is 139.16% as of Dec. 2025. GuruFocus rates XSAT:PCAT with a GF Score™ of 9/100. The stock has 3 warning signs investors should review. Among 1,604 Chemicals companies, Photocat AS ranks better than 97.38% 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. Photocat AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 139.16%.
The historical rank and industry rank for Photocat AS's ROC (Joel Greenblatt) % or its related term are showing as below:
XSAT:PCAT'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -394.68 Med: -146.21 Max: 69.58
Current: 69.58
During the past 13 years, Photocat AS's highest ROC (Joel Greenblatt) % was 69.58%. The lowest was -394.68%. And the median was -146.21%.
XSAT:PCAT's ROC (Joel Greenblatt) % is ranked better than 97.38% of 1604
companies
in the Chemicals industry
Industry Median: 9.4
vs XSAT:PCAT: 69.58
Photocat AS's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Photocat AS (XSAT:PCAT) 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.
Photocat AS ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Photocat AS'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.
XSAT:PCAT vs LIN, SHW, ECL: ROC (Joel Greenblatt) % Comparison
For the Specialty Chemicals subindustry, Photocat AS'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.
Photocat AS ROC (Joel Greenblatt) % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Photocat AS's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Photocat AS'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 139.16% mean?
Photocat AS (XSAT:PCAT) has a ROC (Joel Greenblatt) % of 139.16% 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 Photocat AS and its competitors. According to the industry distribution chart, Photocat AS ranks #42 out of 1604 companies in the Chemicals industry, placing it in the top 2.6%.
Is Photocat AS's ROC (Joel Greenblatt) % too high?
Photocat AS's current ROC (Joel Greenblatt) % is 139.16%. The Chemicals industry median ROC (Joel Greenblatt) % is 9.40. Photocat AS's value of 139.16% is 1380.4% above this industry median. Based on the distribution chart, Photocat AS ranks #42 out of 1604 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Photocat AS has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Photocat AS's ROC (Joel Greenblatt) % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Photocat AS ranks #42 out of 1604 companies for ROC (Joel Greenblatt) %. This places Photocat AS in the top 3% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 9.40. Photocat AS's value of 139.16% is 1380.4% 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 Chemicals company?
The median ROC (Joel Greenblatt) % among Chemicals companies is 9.40, based on 1,604 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. Photocat AS's current ROC (Joel Greenblatt) % of 139.16% is 1380.4% 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 Photocat AS and its competitors. For the Chemicals industry, the median ROC (Joel Greenblatt) % is 9.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Photocat AS's current ROC (Joel Greenblatt) % is 139.16%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Photocat AS stock overvalued right now?
Photocat AS (XSAT:PCAT) has a current ROC (Joel Greenblatt) % of 139.16%. The current ROC (Joel Greenblatt) % is 139.16% and 1380.4% above the Chemicals industry median of 9.40. Photocat AS's overall GF Score™ is 9/100 with 3 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 Photocat AS (XSAT:PCAT), the current ROC (Joel Greenblatt) % is 139.16% 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.
Photocat AS is a Danish green tech company has developed photocatalytic liquids and solutions designed to improve environmental conditions and potentially deliver life-saving enhancements to air quality. Its solutions are developed with both economic and scientific objectives, enabling its customers to add enhanced value when delivering their own products, such as roofing membranes, coatings, roads, and flooring. The company markets its products under the NOxOFF, Actifloor, ShineOn, and Photocat Garden trademarks. All products are currently in the early stages of their lifecycle, due to the nature of the underlying technology and processes. Its solutions include NOxOFF Concrete, NOxOFF Bitumen, NOxOFF Asphalt, Photocat Garden, and Actifloor.
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