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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. Nine Entertainment Co. Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was -121.07%.
The historical rank and industry rank for Nine Entertainment Co. Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:NEE'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -130.18 Med: 57.75 Max: 106.66
Current: -58.83
During the past 13 years, Nine Entertainment Co. Holdings's highest ROC (Joel Greenblatt) % was 106.66%. The lowest was -130.18%. And the median was 57.75%.
FRA:NEE's ROC (Joel Greenblatt) % is ranked worse than 79.51% of 1015
companies
in the Media - Diversified industry
Industry Median: 10.27
vs FRA:NEE: -58.83
Nine Entertainment Co. Holdings (FRA:NEE) 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.
* 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.
Nine Entertainment Co. Holdings ROC (Joel Greenblatt) % Chart
FRA:NEE vs NFLX, DIS, WBD: ROC (Joel Greenblatt) % Comparison
For the Entertainment subindustry, Nine Entertainment Co. Holdings'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.
Nine Entertainment Co. Holdings ROC (Joel Greenblatt) % vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Nine Entertainment Co. Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Nine Entertainment Co. Holdings's ROC (Joel Greenblatt) % falls into.
Nine Entertainment Co. Holdings 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 two times the semi-annual (Jun. 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 -121.07% mean?
Nine Entertainment Co. Holdings (FRA:NEE) has a ROC (Joel Greenblatt) % of -121.07% as of Jun. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Nine Entertainment Co. Holdings and its competitors. According to the industry distribution chart, Nine Entertainment Co. Holdings ranks #807 out of 1015 companies in the Media - Diversified industry, placing it in the top 79.5%.
Is Nine Entertainment Co. Holdings' ROC (Joel Greenblatt) % too high?
Nine Entertainment Co. Holdings' current ROC (Joel Greenblatt) % is -121.07%. Based on the distribution chart, Nine Entertainment Co. Holdings ranks #807 out of 1015 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, Nine Entertainment Co. Holdings has a GF Score™ of 47/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nine Entertainment Co. Holdings' ROC (Joel Greenblatt) % compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, Nine Entertainment Co. Holdings ranks #807 out of 1015 companies for ROC (Joel Greenblatt) %. This places Nine Entertainment Co. Holdings in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 10.27. 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 Media - Diversified company?
The median ROC (Joel Greenblatt) % among Media - Diversified companies is 10.27, based on 1,015 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 Nine Entertainment Co. Holdings and its competitors. For the Media - Diversified industry, the median ROC (Joel Greenblatt) % is 10.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nine Entertainment Co. Holdings's current ROC (Joel Greenblatt) % is -121.07%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nine Entertainment Co. Holdings stock overvalued right now?
Based on GuruFocus' analysis, Nine Entertainment Co. Holdings (FRA:NEE) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.70, compared to a current price of €0.58 — trading 17.9% below its estimated fair value. The current ROC (Joel Greenblatt) % is -121.07%. Nine Entertainment Co. Holdings' overall GF Score™ is 47/100 with 7 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 Nine Entertainment Co. Holdings (FRA:NEE), the current ROC (Joel Greenblatt) % is -121.07% as of Jun. 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 Nine Entertainment Co. Holdings (FRA:NEE) Overvalued in 2026?
Based on GuruFocus' analysis, Nine Entertainment Co. Holdings stock appears to be undervalued.
The current stock price of €0.58 is trading 17.9% below its estimated GF Value™ of €0.70.
GuruFocus considers Nine Entertainment Co. Holdings to be Modestly Undervalued.
Key valuation signals for FRA:NEE:
ROC (Joel Greenblatt) %: -121.07%
GF Value™: €0.70 vs. price of €0.58 (17.9% below fair value)
No single metric tells the full story. See the FRA:NEE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nine Entertainment is the largest media conglomerate in Australia. It operates Nine Network, a free-to-air TV network across five capital cities, as well as in a number of regional areas. It owns 9Now, a leading broadcast video on demand, or BVOD, business. Its publishing unit is the second-largest newspaper group in Australia with key mastheads such as Australian Financial Review, Sydney Morning Herald, and The Age. Nine also operates a leading domestic-owned subscription video on demand, or SVOD, business in Australia called Stan, and a talk-based radio network. In March 2026, Nine completed the purchase of outdoor advertising entity QMS Media for AUD 850 million.
47GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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