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Greenlane HoldingsGNLN -0.51%29 ROC (Joel Greenblatt) % is -8,588.82% as of Mar. 2026. GuruFocus rates GNLN with a GF Score™ of 29/100. The stock has 5 warning signs investors should review. Among 47 Tobacco Products companies, Greenlane Holdings ranks worse than 95.74% 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. Greenlane Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -8,588.82%.
The historical rank and industry rank for Greenlane Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
GNLN'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1539.61 Med: -93.21 Max: 116.47
Current: -1397.7
During the past 9 years, Greenlane Holdings's highest ROC (Joel Greenblatt) % was 116.47%. The lowest was -1539.61%. And the median was -93.21%.
GNLN's ROC (Joel Greenblatt) % is ranked worse than 95.74% of 47
companies
in the Tobacco Products industry
Industry Median: 39.68
vs GNLN: -1397.70
Greenlane Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -43.70% 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.
Greenlane Holdings ROC (Joel Greenblatt) % Related Terms
Greenlane Holdings ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Greenlane Holdings'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.
GNLN vs XXII, KAVL, CBDW: ROC (Joel Greenblatt) % Comparison
For the Tobacco subindustry, Greenlane 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.
Greenlane Holdings ROC (Joel Greenblatt) % vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, Greenlane Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Greenlane Holdings'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 -8,588.82% mean?
Greenlane Holdings (GNLN) has a ROC (Joel Greenblatt) % of -8,588.82% 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 Greenlane Holdings and its competitors. According to the industry distribution chart, Greenlane Holdings ranks #45 out of 47 companies in the Tobacco Products industry, placing it in the top 95.7%.
Is Greenlane Holdings' ROC (Joel Greenblatt) % too high?
Greenlane Holdings' current ROC (Joel Greenblatt) % is -8,588.82%. Based on the distribution chart, Greenlane Holdings ranks #45 out of 47 companies in the Tobacco Products industry, which is in the bottom quartile relative to peers. Overall, Greenlane Holdings has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does Greenlane Holdings' ROC (Joel Greenblatt) % compare to XXII and KAVL?
According to the Tobacco Products industry distribution chart, Greenlane Holdings ranks #45 out of 47 companies for ROC (Joel Greenblatt) %. This places Greenlane Holdings in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 39.68. 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 Tobacco Products company?
The median ROC (Joel Greenblatt) % among Tobacco Products companies is 39.68, based on 47 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 Greenlane Holdings and its competitors. For the Tobacco Products industry, the median ROC (Joel Greenblatt) % is 39.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Greenlane Holdings's current ROC (Joel Greenblatt) % is -8,588.82%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Greenlane Holdings stock overvalued right now?
Greenlane Holdings (GNLN) has a current ROC (Joel Greenblatt) % of -8,588.82%. The current ROC (Joel Greenblatt) % is -8,588.82%. Greenlane Holdings' overall GF Score™ is 29/100 with 5 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 Greenlane Holdings (GNLN), the current ROC (Joel Greenblatt) % is -8,588.82% 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.
Greenlane Holdings Inc is a platform for the development and distribution of premium cannabis accessories, vape devices, and lifestyle products. It provides a wide array of consumer ancillary products and industrial ancillary products to thousands of cannabis producers, processors, brands, and retailers (Cannabis Operators). It serves specialty retailers, smoke shops, head shops, convenience stores, and consumers. Geographically, it operates in United States, Canada, and Europe. It derives majority revenue from the United States. Its two operating segments are: Wholesale and Distribution, which includes legacy e-commerce and drop-ship operations; and Digital Assets, which includes digital asset treasury activities including acquisition, staking and validator participation related to BERA.
29GF Score
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