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Nokian TyresCHIX:TYRESH 69 ROC (Joel Greenblatt) % is -4.39% as of Mar. 2026. GuruFocus rates CHIX:TYRESH with a GF Score™ of 69/100 and a GF Value™ of €10.21 (Modestly Overvalued). The stock has 11 warning signs investors should review. Among 1,333 Vehicles & Parts companies, Nokian Tyres ranks worse than 75.99% 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. Nokian Tyres's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -4.39%.
The historical rank and industry rank for Nokian Tyres's ROC (Joel Greenblatt) % or its related term are showing as below:
CHIX:TYRESh'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.38 Med: 13.2 Max: 34.06
Current: 2.95
During the past 13 years, Nokian Tyres's highest ROC (Joel Greenblatt) % was 34.06%. The lowest was 0.38%. And the median was 13.20%.
CHIX:TYRESh's ROC (Joel Greenblatt) % is ranked worse than 75.99% of 1333
companies
in the Vehicles & Parts industry
Industry Median: 11.97
vs CHIX:TYRESh: 2.95
Nokian Tyres's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -43.00% per year.
Nokian Tyres (CHIX:TYRESh) 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.
Nokian Tyres ROC (Joel Greenblatt) % Related Terms
Nokian Tyres ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Nokian Tyres'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.
CHIX:TYRESH vs ORLY, AZO, GPC: ROC (Joel Greenblatt) % Comparison
For the Auto Parts subindustry, Nokian Tyres'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.
Nokian Tyres ROC (Joel Greenblatt) % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Nokian Tyres's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Nokian Tyres'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 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 -4.39% mean?
Nokian Tyres (CHIX:TYRESH) has a ROC (Joel Greenblatt) % of -4.39% 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 Nokian Tyres and its competitors. Over the past decade, Nokian Tyres' ROC (Joel Greenblatt) % has ranged from 0.38 to 34.06. According to the industry distribution chart, Nokian Tyres ranks #1013 out of 1333 companies in the Vehicles & Parts industry, placing it in the top 76%.
Is Nokian Tyres' ROC (Joel Greenblatt) % too high?
Nokian Tyres' current ROC (Joel Greenblatt) % is -4.39%. Over the past 10 years, this metric has ranged from a low of 0.38 to a high of 34.06. Based on the distribution chart, Nokian Tyres ranks #1013 out of 1333 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Nokian Tyres has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nokian Tyres' ROC (Joel Greenblatt) % compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Nokian Tyres ranks #1013 out of 1333 companies for ROC (Joel Greenblatt) %. This places Nokian Tyres in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 11.97. Historically, Nokian Tyres' own ROC (Joel Greenblatt) % has ranged from 0.38 to 34.06 over the past decade. 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 11.97, based on 1,333 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. 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 Nokian Tyres and its competitors. For the Vehicles & Parts industry, the median ROC (Joel Greenblatt) % is 11.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nokian Tyres's current ROC (Joel Greenblatt) % is -4.39%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nokian Tyres stock overvalued right now?
Based on GuruFocus' analysis, Nokian Tyres (CHIX:TYRESH) is currently considered Modestly Overvalued. The stock's GF Value™ is €10.21, compared to a current price of €11.60 — trading 13.6% above its estimated fair value. The current ROC (Joel Greenblatt) % is -4.39%. Nokian Tyres' overall GF Score™ is 69/100 with 11 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 Nokian Tyres (CHIX:TYRESH), the current ROC (Joel Greenblatt) % is -4.39% 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 Nokian Tyres (CHIX:TYRESH) Overvalued in 2026?
Based on GuruFocus' analysis, Nokian Tyres stock appears to be overvalued.
The current stock price of €11.60 is trading 13.6% above its estimated GF Value™ of €10.21.
GuruFocus considers Nokian Tyres to be Modestly Overvalued.
Key valuation signals for CHIX:TYRESH:
ROC (Joel Greenblatt) %: -4.39%
GF Value™: €10.21 vs. price of €11.60 (13.6% above fair value)
No single metric tells the full story. See the CHIX:TYRESH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nokian Tyres PLC develops and manufactures rubber tires under the Nokian Tyres brand name for passenger cars, vans, trucks and heavy machinery. The company sells tires to wholesale distributors and through company-owned retail stores, which are operated under the Vianor brand name. The firm organizes itself into three segments based on product and distribution type: Passenger Car Tyres, Heavy Tyres and Vianor. The Passenger car tyres segment generates the majority of revenue.
69GF Score
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