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.
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. Tomer Energy Royalties (2012)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 5.87%.
The historical rank and industry rank for Tomer Energy Royalties (2012)'s ROC (Joel Greenblatt) % or its related term are showing as below:
XTAE:TOEN'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.09 Med: 5.43 Max: 7.42
Current: 5.11
During the past 4 years, Tomer Energy Royalties (2012)'s highest ROC (Joel Greenblatt) % was 7.42%. The lowest was 5.09%. And the median was 5.43%.
XTAE:TOEN's ROC (Joel Greenblatt) % is ranked worse than 59.33% of 1008
companies
in the Oil & Gas industry
Industry Median: 8.625
vs XTAE:TOEN: 5.11
Tomer Energy Royalties (2012) (XTAE:TOEN) 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.
Tomer Energy Royalties (2012) ROC (Joel Greenblatt) % Chart
XTAE:TOEN vs COP, EOG, FANG: ROC (Joel Greenblatt) % Comparison
For the Oil & Gas E&P subindustry, Tomer Energy Royalties (2012)'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.
Tomer Energy Royalties (2012) ROC (Joel Greenblatt) % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Tomer Energy Royalties (2012)'s ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Tomer Energy Royalties (2012)'s ROC (Joel Greenblatt) % falls into.
Tomer Energy Royalties (2012) 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 5.87% mean?
Tomer Energy Royalties (2012) (XTAE:TOEN) has a ROC (Joel Greenblatt) % of 5.87% 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 Tomer Energy Royalties (2012) and its competitors. This is near median its historical median of 5.43. Over the past decade, Tomer Energy Royalties (2012)'s ROC (Joel Greenblatt) % has ranged from 5.09 to 7.42. According to the industry distribution chart, Tomer Energy Royalties (2012) ranks #598 out of 1008 companies in the Oil & Gas industry, placing it in the top 59.3%.
Is Tomer Energy Royalties (2012)'s ROC (Joel Greenblatt) % too high?
Tomer Energy Royalties (2012)'s current ROC (Joel Greenblatt) % of 5.87% is near median its 10-year median of 5.43. Over the past 10 years, this metric has ranged from a low of 5.09 to a high of 7.42. The Oil & Gas industry median ROC (Joel Greenblatt) % is 8.63. Tomer Energy Royalties (2012)'s value of 5.87% is 31.9% below this industry median. Based on the distribution chart, Tomer Energy Royalties (2012) ranks #598 out of 1008 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Tomer Energy Royalties (2012) has a GF Score™ of 55/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tomer Energy Royalties (2012)'s ROC (Joel Greenblatt) % compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Tomer Energy Royalties (2012) ranks #598 out of 1008 companies for ROC (Joel Greenblatt) %. This places Tomer Energy Royalties (2012) in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 8.63. Tomer Energy Royalties (2012)'s value of 5.87% is 31.9% below this benchmark. Historically, Tomer Energy Royalties (2012)'s own ROC (Joel Greenblatt) % has ranged from 5.09 to 7.42 over the past decade. While the company's 10-year median is 5.43 vs. the industry median of 8.63, Tomer Energy Royalties (2012) has consistently been below 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 Oil & Gas company?
The median ROC (Joel Greenblatt) % among Oil & Gas companies is 8.63, based on 1,008 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. Tomer Energy Royalties (2012)'s current ROC (Joel Greenblatt) % of 5.87% is 31.9% below 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 Tomer Energy Royalties (2012) and its competitors. For the Oil & Gas industry, the median ROC (Joel Greenblatt) % is 8.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tomer Energy Royalties (2012)'s current ROC (Joel Greenblatt) % is 5.87%, which is near median its own 10-year median of 5.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tomer Energy Royalties (2012) stock overvalued right now?
Based on GuruFocus' analysis, Tomer Energy Royalties (2012) (XTAE:TOEN) is currently considered Fairly Valued. The stock's GF Value™ is ₪17.93, compared to a current price of ₪19.31 — trading 7.7% above its estimated fair value. The current ROC (Joel Greenblatt) % is 5.87%, which is near median its 10-year median of 5.43 and 31.9% below the Oil & Gas industry median of 8.63. Tomer Energy Royalties (2012)'s overall GF Score™ is 55/100 with 4 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 Tomer Energy Royalties (2012) (XTAE:TOEN), the current ROC (Joel Greenblatt) % is 5.87% 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 Tomer Energy Royalties (2012) (XTAE:TOEN) Overvalued in 2026?
Based on GuruFocus' analysis, Tomer Energy Royalties (2012) stock appears to be overvalued.
The current stock price of ₪19.31 is trading 7.7% above its estimated GF Value™ of ₪17.93.
GuruFocus considers Tomer Energy Royalties (2012) to be Fairly Valued.
Key valuation signals for XTAE:TOEN:
ROC (Joel Greenblatt) %: 5.87% (near median its 10-year median of 5.43)
GF Value™: ₪17.93 vs. price of ₪19.31 (7.7% above fair value)
Industry Position: 31.9% below the Oil & Gas median (#598 of 1008)
No single metric tells the full story. See the XTAE:TOEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tomer Energy Royalties (2012) Ltd is a special-purpose yield company. The company's sole business is the holding of the right to receive overriding royalties in respect of oil and/or gas and/or other valuable materials derived from the share of various companies and entities holding oil and gas reservoirs, both in Israel and elsewhere in the world.
55GF Score
Get the complete analysis for XTAE:TOEN
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:TOEN has been successfully added to your 
