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. Auto Nejma's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 39.88%.
The historical rank and industry rank for Auto Nejma's ROC (Joel Greenblatt) % or its related term are showing as below:
CAS:NEJ'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 18.27 Med: 27.85 Max: 46.58
Current: 36.21
During the past 13 years, Auto Nejma's highest ROC (Joel Greenblatt) % was 46.58%. The lowest was 18.27%. And the median was 27.85%.
CAS:NEJ's ROC (Joel Greenblatt) % is not ranked
in the Vehicles & Parts industry.
Industry Median: 11.99
vs CAS:NEJ: 36.21
Auto Nejma's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 2.90% per year.
Auto Nejma (CAS:NEJ) 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.
Auto Nejma ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Auto Nejma'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.
CAS:NEJ vs CVNA, PAG, ALTB: ROC (Joel Greenblatt) % Comparison
For the Auto & Truck Dealerships subindustry, Auto Nejma'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.
Auto Nejma ROC (Joel Greenblatt) % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Auto Nejma's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Auto Nejma'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 39.88% mean?
Auto Nejma (CAS:NEJ) has a ROC (Joel Greenblatt) % of 39.88% 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 Auto Nejma and its competitors. This is 43% above median its historical median of 27.85. Over the past decade, Auto Nejma's ROC (Joel Greenblatt) % has ranged from 18.27 to 46.58.
Is Auto Nejma's ROC (Joel Greenblatt) % too high?
Auto Nejma's current ROC (Joel Greenblatt) % of 39.88% is 43% above median its 10-year median of 27.85. Over the past 10 years, this metric has ranged from a low of 18.27 to a high of 46.58. The Vehicles & Parts industry median ROC (Joel Greenblatt) % is 11.99. Auto Nejma's value of 39.88% is 232.6% above this industry median. Overall, Auto Nejma has a GF Score™ of 39/100, reflecting its overall financial health beyond just this single metric.
How does Auto Nejma's ROC (Joel Greenblatt) % compare to CVNA and PAG?
Auto Nejma's ROC (Joel Greenblatt) % of 39.88% can be compared against companies in the Vehicles & Parts industry. The industry median ROC (Joel Greenblatt) % is 11.99. Auto Nejma's value of 39.88% is 232.6% above this benchmark. Historically, Auto Nejma's own ROC (Joel Greenblatt) % has ranged from 18.27 to 46.58 over the past decade. While the company's 10-year median is 27.85 vs. the industry median of 11.99, Auto Nejma 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 1,336 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. Auto Nejma's current ROC (Joel Greenblatt) % of 39.88% is 232.6% 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 Auto Nejma 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. Auto Nejma's current ROC (Joel Greenblatt) % is 39.88%, which is 43% above median its own 10-year median of 27.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Auto Nejma stock overvalued right now?
Auto Nejma (CAS:NEJ) has a current ROC (Joel Greenblatt) % of 39.88%. The stock's GF Value™ is MAD3,975.06, compared to a current price of MAD4,834.00 — trading 21.6% above its estimated fair value. The current ROC (Joel Greenblatt) % is 39.88%, which is 43% above median its 10-year median of 27.85 and 232.6% above the Vehicles & Parts industry median of 11.99. Auto Nejma's overall GF Score™ is 39/100 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 Auto Nejma (CAS:NEJ), the current ROC (Joel Greenblatt) % is 39.88% 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 Auto Nejma (CAS:NEJ) Overvalued in 2026?
Based on GuruFocus' analysis, Auto Nejma stock appears to be overvalued.
The current stock price of MAD4,834.00 is trading 21.6% above its estimated GF Value™ of MAD3,975.06.
Key valuation signals for CAS:NEJ:
ROC (Joel Greenblatt) %: 39.88% (43% above median its 10-year median of 27.85)
GF Value™: MAD3,975.06 vs. price of MAD4,834.00 (21.6% above fair value)
Industry Position: 232.6% above the Vehicles & Parts median
No single metric tells the full story. See the CAS:NEJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Auto Nejma is an automobile distributor in Morocco. The company imports and markets vehicles, spare parts, and car accessories. It represents the Mercedes-Benz private and commercial vehicle brands, SsangYong, and Mahindra in Morocco.
39GF Score
Get the complete analysis for CAS:NEJ
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
CAS:NEJ has been successfully added to your 
