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Nomad FoodsFRA:0NH +3.55%66 ROC (Joel Greenblatt) % is 43.26% as of Mar. 2026, which is 39% below its 10-year median of 71.08. GuruFocus rates FRA:0NH with a GF Score™ of 66/100 and a GF Value™ of €18.27 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,980 Consumer Packaged Goods companies, Nomad Foods ranks better than 87.78% 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. Nomad Foods's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 43.26%.
The historical rank and industry rank for Nomad Foods's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:0NH'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 43.53 Med: 71.08 Max: 90.35
Current: 43.53
During the past 13 years, Nomad Foods's highest ROC (Joel Greenblatt) % was 90.35%. The lowest was 43.53%. And the median was 71.08%.
FRA:0NH's ROC (Joel Greenblatt) % is ranked better than 87.78% of 1980
companies
in the Consumer Packaged Goods industry
Industry Median: 11.99
vs FRA:0NH: 43.53
Nomad Foods's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -7.90% per year.
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.
Nomad Foods ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Nomad Foods'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.
FRA:0NH vs JJSF, FLO, BRBR: ROC (Joel Greenblatt) % Comparison
For the Packaged Foods subindustry, Nomad Foods'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.
Nomad Foods ROC (Joel Greenblatt) % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Nomad Foods's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Nomad Foods'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 43.26% mean?
Nomad Foods (FRA:0NH) has a ROC (Joel Greenblatt) % of 43.26% 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 Nomad Foods and its competitors. This is 39% below median its historical median of 71.08. Over the past decade, Nomad Foods' ROC (Joel Greenblatt) % has ranged from 43.53 to 90.35. According to the industry distribution chart, Nomad Foods ranks #242 out of 1980 companies in the Consumer Packaged Goods industry, placing it in the top 12.2%.
Is Nomad Foods' ROC (Joel Greenblatt) % too high?
Nomad Foods' current ROC (Joel Greenblatt) % of 43.26% is 39% below median its 10-year median of 71.08. Over the past 10 years, this metric has ranged from a low of 43.53 to a high of 90.35. The Consumer Packaged Goods industry median ROC (Joel Greenblatt) % is 11.99. Nomad Foods' value of 43.26% is 260.8% above this industry median. Based on the distribution chart, Nomad Foods ranks #242 out of 1980 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Nomad Foods has a GF Score™ of 66/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Nomad Foods' ROC (Joel Greenblatt) % compare to JJSF and FLO?
According to the Consumer Packaged Goods industry distribution chart, Nomad Foods ranks #242 out of 1980 companies for ROC (Joel Greenblatt) %. This places Nomad Foods in the top 12% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.99. Nomad Foods' value of 43.26% is 260.8% above this benchmark. Historically, Nomad Foods' own ROC (Joel Greenblatt) % has ranged from 43.53 to 90.35 over the past decade. While the company's 10-year median is 71.08 vs. the industry median of 11.99, Nomad Foods 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 Consumer Packaged Goods company?
The median ROC (Joel Greenblatt) % among Consumer Packaged Goods companies is 11.99, based on 1,980 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. Nomad Foods's current ROC (Joel Greenblatt) % of 43.26% is 260.8% 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 Nomad Foods and its competitors. For the Consumer Packaged Goods 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. Nomad Foods's current ROC (Joel Greenblatt) % is 43.26%, which is 39% below median its own 10-year median of 71.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nomad Foods stock overvalued right now?
Based on GuruFocus' analysis, Nomad Foods (FRA:0NH) is currently considered Possible Value Trap. The stock's GF Value™ is €18.27, compared to a current price of €10.20 — trading 44.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is 43.26%, which is 39% below median its 10-year median of 71.08 and 260.8% above the Consumer Packaged Goods industry median of 11.99. Nomad Foods' overall GF Score™ is 66/100 with 4 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 Nomad Foods (FRA:0NH), the current ROC (Joel Greenblatt) % is 43.26% 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 Nomad Foods (FRA:0NH) Overvalued in 2026?
Based on GuruFocus' analysis, Nomad Foods stock appears to be undervalued.
The current stock price of €10.20 is trading 44.2% below its estimated GF Value™ of €18.27.
GuruFocus considers Nomad Foods to be Possible Value Trap.
Key valuation signals for FRA:0NH:
ROC (Joel Greenblatt) %: 43.26% (39% below median its 10-year median of 71.08)
GF Value™: €18.27 vs. price of €10.20 (44.2% below fair value)
Industry Position: 260.8% above the Consumer Packaged Goods median (#242 of 1980)
No single metric tells the full story. See the FRA:0NH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nomad Foods Ltd is a packaged foods company that is involved in the business of manufacturing and distributing branded frozen foods in Western Europe. The company manufactures and markets frozen food products such as fish, vegetables, poultry, Ice Cream, and ready meals like pizza. It sells its products through large grocery retailers under the brand Birds Eye in the United Kingdom and Ireland, Findus in Italy, France, Spain, and Iglo in Germany and other continental markets. The company operates through a single segment being Frozen. The majority of the revenue is generated from the United Kingdom.
66GF Score
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