49 North ResourcesFNINF +1,150.00% ROC (Joel Greenblatt) % is 16,960.00% as of Mar. 2026, which is 8467% above its 10-year median of 197.98. The stock has 3 warning signs investors should review. Among 626 Asset Management companies, 49 North Resources ranks better than 97.12% 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. 49 North Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 16,960.00%.
The historical rank and industry rank for 49 North Resources's ROC (Joel Greenblatt) % or its related term are showing as below:
FNINF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -10491.95 Med: 197.98 Max: 37937.5
Current: 37937.5
During the past 13 years, 49 North Resources's highest ROC (Joel Greenblatt) % was 37937.50%. The lowest was -10491.95%. And the median was 197.98%.
FNINF's ROC (Joel Greenblatt) % is ranked better than 97.12% of 626
companies
in the Asset Management industry
Industry Median: 62.7
vs FNINF: 37937.50
49 North Resources's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
49 North Resources (OTCPK:FNINF) 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.
49 North Resources ROC (Joel Greenblatt) % Related Terms
49 North Resources ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for 49 North Resources'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.
FNINF vs BLK, BX, KKR: ROC (Joel Greenblatt) % Comparison
For the Asset Management subindustry, 49 North Resources'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.
49 North Resources ROC (Joel Greenblatt) % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, 49 North Resources's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where 49 North Resources's ROC (Joel Greenblatt) % falls into.
49 North Resources 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 (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 16,960.00% mean?
49 North Resources (FNINF) has a ROC (Joel Greenblatt) % of 16,960.00% 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 49 North Resources and its competitors. This is 8467% above median its historical median of 197.98. According to the industry distribution chart, 49 North Resources ranks #18 out of 626 companies in the Asset Management industry, placing it in the top 2.9%.
Is 49 North Resources' ROC (Joel Greenblatt) % too high?
49 North Resources' current ROC (Joel Greenblatt) % of 16,960.00% is 8467% above median its 10-year median of 197.98. The Asset Management industry median ROC (Joel Greenblatt) % is 62.70. 49 North Resources' value of 16,960.00% is 26949.4% above this industry median. Based on the distribution chart, 49 North Resources ranks #18 out of 626 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers.
How does 49 North Resources' ROC (Joel Greenblatt) % compare to BLK and BX?
According to the Asset Management industry distribution chart, 49 North Resources ranks #18 out of 626 companies for ROC (Joel Greenblatt) %. This places 49 North Resources in the top 3% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 62.70. 49 North Resources' value of 16,960.00% is 26949.4% above this benchmark. While the company's 10-year median is 197.98 vs. the industry median of 62.70, 49 North Resources 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 an Asset Management company?
The median ROC (Joel Greenblatt) % among Asset Management companies is 62.70, based on 626 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. 49 North Resources's current ROC (Joel Greenblatt) % of 16,960.00% is 26949.4% 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 49 North Resources and its competitors. For the Asset Management industry, the median ROC (Joel Greenblatt) % is 62.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. 49 North Resources's current ROC (Joel Greenblatt) % is 16,960.00%, which is 8467% above median its own 10-year median of 197.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is 49 North Resources stock overvalued right now?
49 North Resources (FNINF) has a current ROC (Joel Greenblatt) % of 16,960.00%. The current ROC (Joel Greenblatt) % is 16,960.00%, which is 8467% above median its 10-year median of 197.98 and 26949.4% above the Asset Management industry median of 62.70. 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 49 North Resources (FNINF), the current ROC (Joel Greenblatt) % is 16,960.00% 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.
49 North Resources Inc is a Saskatchewan-focused resource investment company. The company provides diversified exposure to oil & gas, potash, uranium, diamonds, coal, base & precious metals, and rare earth elements.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FNINF has been successfully added to your 