Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Shapir Engineering and IndustryXTAE:SPEN +0.26%88 ROC (Joel Greenblatt) % is 34.18% as of Mar. 2026, which is 38% below its 10-year median of 55.22. GuruFocus rates XTAE:SPEN with a GF Score™ of 88/100 and a GF Value™ of ₪31.51 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,788 Construction companies, Shapir Engineering and Industry ranks better than 74.94% 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. Shapir Engineering and Industry's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 34.18%.
The historical rank and industry rank for Shapir Engineering and Industry's ROC (Joel Greenblatt) % or its related term are showing as below:
XTAE:SPEN'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 34.36 Med: 55.22 Max: 78.62
Current: 48.08
During the past 13 years, Shapir Engineering and Industry's highest ROC (Joel Greenblatt) % was 78.62%. The lowest was 34.36%. And the median was 55.22%.
XTAE:SPEN's ROC (Joel Greenblatt) % is ranked better than 74.94% of 1788
companies
in the Construction industry
Industry Median: 19.395
vs XTAE:SPEN: 48.08
Shapir Engineering and Industry (XTAE:SPEN) 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.
Shapir Engineering and Industry ROC (Joel Greenblatt) % Chart
XTAE:SPEN vs PWR, FIX, EME: ROC (Joel Greenblatt) % Comparison
For the Engineering & Construction subindustry, Shapir Engineering and Industry'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.
Shapir Engineering and Industry ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Shapir Engineering and Industry's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Shapir Engineering and Industry's ROC (Joel Greenblatt) % falls into.
Shapir Engineering and Industry 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 (Mar. 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 34.18% mean?
Shapir Engineering and Industry (XTAE:SPEN) has a ROC (Joel Greenblatt) % of 34.18% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Shapir Engineering and Industry and its competitors. This is 38% below median its historical median of 55.22. Over the past decade, Shapir Engineering and Industry's ROC (Joel Greenblatt) % has ranged from 34.36 to 78.62. According to the industry distribution chart, Shapir Engineering and Industry ranks #448 out of 1788 companies in the Construction industry, placing it in the top 25.1%.
Is Shapir Engineering and Industry's ROC (Joel Greenblatt) % too high?
Shapir Engineering and Industry's current ROC (Joel Greenblatt) % of 34.18% is 38% below median its 10-year median of 55.22. Over the past 10 years, this metric has ranged from a low of 34.36 to a high of 78.62. The Construction industry median ROC (Joel Greenblatt) % is 19.40. Shapir Engineering and Industry's value of 34.18% is 76.2% above this industry median. Based on the distribution chart, Shapir Engineering and Industry ranks #448 out of 1788 companies in the Construction industry, which is above the industry midpoint. Overall, Shapir Engineering and Industry has a GF Score™ of 88/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shapir Engineering and Industry's ROC (Joel Greenblatt) % compare to PWR and FIX?
According to the Construction industry distribution chart, Shapir Engineering and Industry ranks #448 out of 1788 companies for ROC (Joel Greenblatt) %. This puts Shapir Engineering and Industry in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 19.40. Shapir Engineering and Industry's value of 34.18% is 76.2% above this benchmark. Historically, Shapir Engineering and Industry's own ROC (Joel Greenblatt) % has ranged from 34.36 to 78.62 over the past decade. While the company's 10-year median is 55.22 vs. the industry median of 19.40, Shapir Engineering and Industry 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 Construction company?
The median ROC (Joel Greenblatt) % among Construction companies is 19.40, based on 1,788 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. Shapir Engineering and Industry's current ROC (Joel Greenblatt) % of 34.18% is 76.2% 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 Shapir Engineering and Industry and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shapir Engineering and Industry's current ROC (Joel Greenblatt) % is 34.18%, which is 38% below median its own 10-year median of 55.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shapir Engineering and Industry stock overvalued right now?
Based on GuruFocus' analysis, Shapir Engineering and Industry (XTAE:SPEN) is currently considered Significantly Overvalued. The stock's GF Value™ is ₪31.51, compared to a current price of ₪41.80 — trading 32.7% above its estimated fair value. The current ROC (Joel Greenblatt) % is 34.18%, which is 38% below median its 10-year median of 55.22 and 76.2% above the Construction industry median of 19.40. Shapir Engineering and Industry's overall GF Score™ is 88/100 with 8 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 Shapir Engineering and Industry (XTAE:SPEN), the current ROC (Joel Greenblatt) % is 34.18% as of Mar. 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 Shapir Engineering and Industry (XTAE:SPEN) Overvalued in 2026?
Based on GuruFocus' analysis, Shapir Engineering and Industry stock appears to be overvalued.
The current stock price of ₪41.80 is trading 32.7% above its estimated GF Value™ of ₪31.51.
GuruFocus considers Shapir Engineering and Industry to be Significantly Overvalued.
Key valuation signals for XTAE:SPEN:
ROC (Joel Greenblatt) %: 34.18% (38% below median its 10-year median of 55.22)
GF Value™: ₪31.51 vs. price of ₪41.80 (32.7% above fair value)
Industry Position: 76.2% above the Construction median (#448 of 1788)
No single metric tells the full story. See the XTAE:SPEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shapir Engineering and Industry Ltd is an Israel-based company which is active in engineering and construction industry. It is engaged in manufacturing and supplying of aggregates and road materials, concrete, concrete fabricated plant as well as asphalt for road paving. The company also manufactures ready mix concrete and building finishing products and prefabricated elements from prestressed and precast concrete. Shapir focuses on developing high-quality apartment buildings and other apartments in various projects through Israel.
88GF Score
Get the complete analysis for XTAE:SPEN
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XTAE:SPEN has been successfully added to your 
