Nickel 28 CapitalCONXF +7.13%36 ROC (Joel Greenblatt) % is 13,048.65% as of Apr. 2026, which is 191% above its 10-year median of 4,485.47. GuruFocus rates CONXF with a GF Score™ of 36/100. Among 2,499 Metals & Mining companies, Nickel 28 Capital ranks better than 99.2% 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. Nickel 28 Capital's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was 13,048.65%.
The historical rank and industry rank for Nickel 28 Capital's ROC (Joel Greenblatt) % or its related term are showing as below:
CONXF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -746.15 Med: 4485.47 Max: 24624.6
Current: 5388.71
During the past 7 years, Nickel 28 Capital's highest ROC (Joel Greenblatt) % was 24624.60%. The lowest was -746.15%. And the median was 4485.47%.
CONXF's ROC (Joel Greenblatt) % is ranked better than 99.2% of 2499
companies
in the Metals & Mining industry
Industry Median: -22.36
vs CONXF: 5388.71
Nickel 28 Capital's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Nickel 28 Capital (OTCPK:CONXF) 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.
Nickel 28 Capital ROC (Joel Greenblatt) % Related Terms
Nickel 28 Capital ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Nickel 28 Capital'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.
Nickel 28 Capital ROC (Joel Greenblatt) % Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Nickel 28 Capital'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.
Nickel 28 Capital ROC (Joel Greenblatt) % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Nickel 28 Capital's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Nickel 28 Capital's ROC (Joel Greenblatt) % falls into.
Nickel 28 Capital 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:
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 (Apr. 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 13,048.65% mean?
Nickel 28 Capital (CONXF) has a ROC (Joel Greenblatt) % of 13,048.65% as of Apr. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Nickel 28 Capital and its competitors. This is 191% above median its historical median of 4,485.47. According to the industry distribution chart, Nickel 28 Capital ranks #20 out of 2499 companies in the Metals & Mining industry, placing it in the top 0.8%.
Is Nickel 28 Capital's ROC (Joel Greenblatt) % too high?
Nickel 28 Capital's current ROC (Joel Greenblatt) % of 13,048.65% is 191% above median its 10-year median of 4,485.47. Based on the distribution chart, Nickel 28 Capital ranks #20 out of 2499 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Nickel 28 Capital has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Nickel 28 Capital's ROC (Joel Greenblatt) % compare to competitors?
According to the Metals & Mining industry distribution chart, Nickel 28 Capital ranks #20 out of 2499 companies for ROC (Joel Greenblatt) %. This places Nickel 28 Capital in the top 1% of its industry — outperforming the majority of peers. 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 Metals & Mining company?
A good ROC (Joel Greenblatt) % depends on the Metals & Mining industry context. 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 Nickel 28 Capital and its competitors. Nickel 28 Capital's current ROC (Joel Greenblatt) % is 13,048.65%, which is 191% above median its own 10-year median of 4,485.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nickel 28 Capital stock overvalued right now?
Nickel 28 Capital (CONXF) has a current ROC (Joel Greenblatt) % of 13,048.65%. The current ROC (Joel Greenblatt) % is 13,048.65%, which is 191% above median its 10-year median of 4,485.47. Nickel 28 Capital's overall GF Score™ is 36/100. 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 Nickel 28 Capital (CONXF), the current ROC (Joel Greenblatt) % is 13,048.65% as of Apr. 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.
Nickel 28 Capital Corp is a base metals company offering direct exposure to nickel and cobalt. The Company holds a joint-venture interest in the producing Ramu Nickel-Cobalt Operation in Papua New Guinea and manages a portfolio of nickel and cobalt royalties in projects in Canada, Australia, and Papua New Guinea, including royalties in the Dumont nickel project in Quebec and the Turnagain nickel project in British Columbia. The Company is engaged in the management and acquisition of joint venture and royalty interests in the nickel and cobalt sectors. Its primary focus is on opportunities that could provide shareholders with near-term cash flow and royalties on production and exploration-stage nickel and/or cobalt properties. The Company operates in Canada and Asia Pacific.
36GF Score
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