NGS Group AB (CHIX:NGSS) ROC (Joel Greenblatt) %: 106.33% (As of Mar. 2026) — 23% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

CHIX:NGSS NGS Group AB CHIX:NGSS
24 GF Score
Price kr14.25
GF Value kr7.38
! 5 Warning Signs
View Full Analysis

What is NGS Group AB ROC (Joel Greenblatt) %?

NGS Group AB CHIX:NGSS 24 ROC (Joel Greenblatt) % is 106.33% as of Mar. 2026, which is 23% above its 10-year median of 86.21. GuruFocus rates CHIX:NGSS with a GF Score™ of 24/100 and a GF Value™ of kr7.38. The stock has 5 warning signs investors should review. Among 1,083 Business Services companies, NGS Group AB ranks worse than 96.49% 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. NGS Group AB's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 106.33%.

The historical rank and industry rank for NGS Group AB's ROC (Joel Greenblatt) % or its related term are showing as below:

CHIX:NGSs' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -851   Med: 86.21   Max: 1107.93
Current: -582.09

During the past 13 years, NGS Group AB's highest ROC (Joel Greenblatt) % was 1107.93%. The lowest was -851.00%. And the median was 86.21%.

CHIX:NGSs's ROC (Joel Greenblatt) % is ranked worse than
96.49% of 1083 companies
in the Business Services industry
Industry Median: 21.22 vs CHIX:NGSs: -582.09

NGS Group AB's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


NGS Group AB  (CHIX:NGSs) 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.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


NGS Group AB ROC (Joel Greenblatt) % Related Terms


NGS Group AB ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for NGS Group AB'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.

NGS Group AB ROC (Joel Greenblatt) % Chart

NGS Group AB Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 122.87 35.08 -704.39 -851.00 -740.81

NGS Group AB Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -5.68 9.52 99.32 -5,646.40 106.33

CHIX:NGSS vs KFY, RHI, TNET: ROC (Joel Greenblatt) % Comparison

For the Staffing & Employment Services subindustry, NGS Group AB'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.


NGS Group AB ROC (Joel Greenblatt) % vs Business Services Industry

For the Business Services industry and Industrials sector, NGS Group AB's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where NGS Group AB's ROC (Joel Greenblatt) % falls into.


CHIX:NGSS
24GF Score
NGS Group AB CHIX:NGSS
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NGS Group AB 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:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

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.

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(18.638 + 0 + 2.71) - (15.464 + 0 + 12.816)
=-6.932

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(18.175 + 0 + 7.105427357601E-15) - (11.675 + 0 + 15.236)
=-8.736

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of NGS Group AB for the quarter that ended in Mar. 2026 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=6.652/( ( (1.769 + max(-6.932, 0)) + (10.743 + max(-8.736, 0)) )/ 2 )
=6.652/( ( 1.769 + 10.743 )/ 2 )
=6.652/6.256
=106.33 %

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 106.33% mean?
NGS Group AB (CHIX:NGSS) has a ROC (Joel Greenblatt) % of 106.33% 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 NGS Group AB and its competitors. This is 23% above median its historical median of 86.21. According to the industry distribution chart, NGS Group AB ranks #1045 out of 1083 companies in the Business Services industry, placing it in the top 96.5%.
Is NGS Group AB's ROC (Joel Greenblatt) % too high?
NGS Group AB's current ROC (Joel Greenblatt) % of 106.33% is 23% above median its 10-year median of 86.21. The Business Services industry median ROC (Joel Greenblatt) % is 21.22. NGS Group AB's value of 106.33% is 401.1% above this industry median. Based on the distribution chart, NGS Group AB ranks #1045 out of 1083 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, NGS Group AB has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does NGS Group AB's ROC (Joel Greenblatt) % compare to KFY and RHI?
According to the Business Services industry distribution chart, NGS Group AB ranks #1045 out of 1083 companies for ROC (Joel Greenblatt) %. This places NGS Group AB in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 21.22. NGS Group AB's value of 106.33% is 401.1% above this benchmark. While the company's 10-year median is 86.21 vs. the industry median of 21.22, NGS Group AB 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 Business Services company?
The median ROC (Joel Greenblatt) % among Business Services companies is 21.22, based on 1,083 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. NGS Group AB's current ROC (Joel Greenblatt) % of 106.33% is 401.1% 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 NGS Group AB and its competitors. For the Business Services industry, the median ROC (Joel Greenblatt) % is 21.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NGS Group AB's current ROC (Joel Greenblatt) % is 106.33%, which is 23% above median its own 10-year median of 86.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NGS Group AB stock overvalued right now?
NGS Group AB (CHIX:NGSS) has a current ROC (Joel Greenblatt) % of 106.33%. The stock's GF Value™ is kr7.38, compared to a current price of kr14.25 — trading 93.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 106.33%, which is 23% above median its 10-year median of 86.21 and 401.1% above the Business Services industry median of 21.22. NGS Group AB's overall GF Score™ is 24/100 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 NGS Group AB (CHIX:NGSS), the current ROC (Joel Greenblatt) % is 106.33% 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 NGS Group AB (CHIX:NGSS) Overvalued in 2026?

Based on GuruFocus' analysis, NGS Group AB stock appears to be overvalued. The current stock price of kr14.25 is trading 93.1% above its estimated GF Value™ of kr7.38.

Key valuation signals for CHIX:NGSS:

  • ROC (Joel Greenblatt) %: 106.33% (23% above median its 10-year median of 86.21)
  • GF Value™: kr7.38 vs. price of kr14.25 (93.1% above fair value)
  • GF Score™: 24/100 with 5 warning signs
  • Industry Position: 401.1% above the Business Services median (#1045 of 1083)

No single metric tells the full story. See the CHIX:NGSS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


NGS Group AB Business Description

Other Exchanges NGS:Sweden
Address Kungsgatan 12, 7th floor, Stockholm, SWE, 111 36
NGS Group AB is a staffing and recruitment group focused on healthcare, school, social services and leadership.
24GF Score

Get the complete analysis for CHIX:NGSS

ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr14.25
Price
kr7.38
GF Value