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Nick ScaliASX:NCK -1.02%90 ROC (Joel Greenblatt) % is 37.01% as of Dec. 2025, which is 24% below its 10-year median of 48.69. GuruFocus rates ASX:NCK with a GF Score™ of 90/100 and a GF Value™ of A$16.43 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,128 Retail - Cyclical companies, Nick Scali ranks better than 78.9% 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. Nick Scali's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 37.01%.
The historical rank and industry rank for Nick Scali's ROC (Joel Greenblatt) % or its related term are showing as below:
ASX:NCK'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 28.6 Med: 48.69 Max: 87.98
Current: 32.78
During the past 13 years, Nick Scali's highest ROC (Joel Greenblatt) % was 87.98%. The lowest was 28.60%. And the median was 48.69%.
ASX:NCK's ROC (Joel Greenblatt) % is ranked better than 78.9% of 1128
companies
in the Retail - Cyclical industry
Industry Median: 11.6
vs ASX:NCK: 32.78
Nick Scali's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -5.90% per year.
Nick Scali (ASX:NCK) 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.
Nick Scali ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Nick Scali'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.
ASX:NCK vs CASY, WSM, DKS: ROC (Joel Greenblatt) % Comparison
For the Specialty Retail subindustry, Nick Scali'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.
Nick Scali ROC (Joel Greenblatt) % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Nick Scali's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Nick Scali'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 37.01% mean?
Nick Scali (ASX:NCK) has a ROC (Joel Greenblatt) % of 37.01% 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 Nick Scali and its competitors. This is 24% below median its historical median of 48.69. Over the past decade, Nick Scali's ROC (Joel Greenblatt) % has ranged from 28.60 to 87.98. According to the industry distribution chart, Nick Scali ranks #238 out of 1128 companies in the Retail - Cyclical industry, placing it in the top 21.1%.
Is Nick Scali's ROC (Joel Greenblatt) % too high?
Nick Scali's current ROC (Joel Greenblatt) % of 37.01% is 24% below median its 10-year median of 48.69. Over the past 10 years, this metric has ranged from a low of 28.60 to a high of 87.98. The Retail - Cyclical industry median ROC (Joel Greenblatt) % is 11.60. Nick Scali's value of 37.01% is 219.1% above this industry median. Based on the distribution chart, Nick Scali ranks #238 out of 1128 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Nick Scali has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nick Scali's ROC (Joel Greenblatt) % compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Nick Scali ranks #238 out of 1128 companies for ROC (Joel Greenblatt) %. This places Nick Scali in the top 21% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.60. Nick Scali's value of 37.01% is 219.1% above this benchmark. Historically, Nick Scali's own ROC (Joel Greenblatt) % has ranged from 28.60 to 87.98 over the past decade. While the company's 10-year median is 48.69 vs. the industry median of 11.60, Nick Scali 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 Retail - Cyclical company?
The median ROC (Joel Greenblatt) % among Retail - Cyclical companies is 11.60, based on 1,128 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. Nick Scali's current ROC (Joel Greenblatt) % of 37.01% is 219.1% 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 Nick Scali and its competitors. For the Retail - Cyclical industry, the median ROC (Joel Greenblatt) % is 11.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nick Scali's current ROC (Joel Greenblatt) % is 37.01%, which is 24% below median its own 10-year median of 48.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nick Scali stock overvalued right now?
Based on GuruFocus' analysis, Nick Scali (ASX:NCK) is currently considered Fairly Valued. The stock's GF Value™ is A$16.43, compared to a current price of A$15.48 — trading 5.8% below its estimated fair value. The current ROC (Joel Greenblatt) % is 37.01%, which is 24% below median its 10-year median of 48.69 and 219.1% above the Retail - Cyclical industry median of 11.60. Nick Scali's overall GF Score™ is 90/100 with 5 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 Nick Scali (ASX:NCK), the current ROC (Joel Greenblatt) % is 37.01% 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 Nick Scali (ASX:NCK) Overvalued in 2026?
Based on GuruFocus' analysis, Nick Scali stock appears to be undervalued.
The current stock price of A$15.48 is trading 5.8% below its estimated GF Value™ of A$16.43.
GuruFocus considers Nick Scali to be Fairly Valued.
Key valuation signals for ASX:NCK:
ROC (Joel Greenblatt) %: 37.01% (24% below median its 10-year median of 48.69)
GF Value™: A$16.43 vs. price of A$15.48 (5.8% below fair value)
Industry Position: 219.1% above the Retail - Cyclical median (#238 of 1128)
No single metric tells the full story. See the ASX:NCK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nick Scali Ltd engages in the sourcing and retailing of household furniture and related accessories in Australia and New Zealand. It offers products of Sofas & Armchairs, Living Room, Dining Room, Bedroom, and Rugs & Accessories. The Company has two reportable segments, being the retailing of furniture in Australia and New Zealand, as well as the United Kingdom.
90GF Score
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