Supply NetworkASX:SNL +0.09%96 ROC (Joel Greenblatt) % is 39.59% as of Dec. 2025, which is 21% above its 10-year median of 32.85. GuruFocus rates ASX:SNL with a GF Score™ of 96/100 and a GF Value™ of A$34.81 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,334 Vehicles & Parts companies, Supply Network ranks better than 88.91% 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. Supply Network's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 39.59%.
The historical rank and industry rank for Supply Network's ROC (Joel Greenblatt) % or its related term are showing as below:
ASX:SNL'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 21.35 Med: 32.85 Max: 38.22
Current: 38.22
During the past 13 years, Supply Network's highest ROC (Joel Greenblatt) % was 38.22%. The lowest was 21.35%. And the median was 32.85%.
ASX:SNL's ROC (Joel Greenblatt) % is ranked better than 88.91% of 1334
companies
in the Vehicles & Parts industry
Industry Median: 11.99
vs ASX:SNL: 38.22
Supply Network's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 12.50% per year.
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.
Supply Network ROC (Joel Greenblatt) % Related Terms
Supply Network ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Supply Network'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:SNL vs ORLY, AZO: ROC (Joel Greenblatt) % Comparison
For the Auto Parts subindustry, Supply Network'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.
Supply Network ROC (Joel Greenblatt) % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Supply Network's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Supply Network'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 39.59% mean?
Supply Network (ASX:SNL) has a ROC (Joel Greenblatt) % of 39.59% 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 Supply Network and its competitors. This is 21% above median its historical median of 32.85. Over the past decade, Supply Network's ROC (Joel Greenblatt) % has ranged from 21.35 to 38.22. According to the industry distribution chart, Supply Network ranks #148 out of 1334 companies in the Vehicles & Parts industry, placing it in the top 11.1%.
Is Supply Network's ROC (Joel Greenblatt) % too high?
Supply Network's current ROC (Joel Greenblatt) % of 39.59% is 21% above median its 10-year median of 32.85. Over the past 10 years, this metric has ranged from a low of 21.35 to a high of 38.22. The Vehicles & Parts industry median ROC (Joel Greenblatt) % is 11.99. Supply Network's value of 39.59% is 230.2% above this industry median. Based on the distribution chart, Supply Network ranks #148 out of 1334 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Supply Network has a GF Score™ of 96/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Supply Network's ROC (Joel Greenblatt) % compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Supply Network ranks #148 out of 1334 companies for ROC (Joel Greenblatt) %. This places Supply Network in the top 11% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.99. Supply Network's value of 39.59% is 230.2% above this benchmark. Historically, Supply Network's own ROC (Joel Greenblatt) % has ranged from 21.35 to 38.22 over the past decade. While the company's 10-year median is 32.85 vs. the industry median of 11.99, Supply Network 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 Vehicles & Parts company?
The median ROC (Joel Greenblatt) % among Vehicles & Parts companies is 11.99, based on 1,334 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. Supply Network's current ROC (Joel Greenblatt) % of 39.59% is 230.2% 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 Supply Network and its competitors. For the Vehicles & Parts industry, the median ROC (Joel Greenblatt) % is 11.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Supply Network's current ROC (Joel Greenblatt) % is 39.59%, which is 21% above median its own 10-year median of 32.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Supply Network stock overvalued right now?
Based on GuruFocus' analysis, Supply Network (ASX:SNL) is currently considered Fairly Valued. The stock's GF Value™ is A$34.81, compared to a current price of A$31.78 — trading 8.7% below its estimated fair value. The current ROC (Joel Greenblatt) % is 39.59%, which is 21% above median its 10-year median of 32.85 and 230.2% above the Vehicles & Parts industry median of 11.99. Supply Network's overall GF Score™ is 96/100 with 1 warning sign 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 Supply Network (ASX:SNL), the current ROC (Joel Greenblatt) % is 39.59% 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 Supply Network (ASX:SNL) Overvalued in 2026?
Based on GuruFocus' analysis, Supply Network stock appears to be undervalued.
The current stock price of A$31.78 is trading 8.7% below its estimated GF Value™ of A$34.81.
GuruFocus considers Supply Network to be Fairly Valued.
Key valuation signals for ASX:SNL:
ROC (Joel Greenblatt) %: 39.59% (21% above median its 10-year median of 32.85)
GF Value™: A$34.81 vs. price of A$31.78 (8.7% below fair value)
Industry Position: 230.2% above the Vehicles & Parts median (#148 of 1334)
No single metric tells the full story. See the ASX:SNL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Supply Network is a distributor of aftermarket truck and bus parts in Australia and New Zealand, operating under the Multispares brand. The company provides a range of services, including parts supply, procurement, and technical support for fleet operators. Supply Network's revenue has increasingly shifted toward truck parts, which we estimate accounts for at least 85% of sales. The company operates 24 distribution centers and branch sites across Australia and New Zealand.
96GF Score
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