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Hennessy AdvisorsHNNA -1.59%73 ROC (Joel Greenblatt) % is 1,230.10% as of Jun. 2026, which is 33% below its 10-year median of 1,840.23. GuruFocus rates HNNA with a GF Score™ of 73/100 and a GF Value™ of $9.81 (Fairly Valued). The stock has 2 warning signs investors should review. Among 630 Asset Management companies, Hennessy Advisors ranks better than 84.13% 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. Hennessy Advisors's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 1,230.10%.
The historical rank and industry rank for Hennessy Advisors's ROC (Joel Greenblatt) % or its related term are showing as below:
HNNA'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 878.53 Med: 1840.23 Max: 8910.91
Current: 1161.56
During the past 13 years, Hennessy Advisors's highest ROC (Joel Greenblatt) % was 8910.91%. The lowest was 878.53%. And the median was 1840.23%.
HNNA's ROC (Joel Greenblatt) % is ranked better than 84.13% of 630
companies
in the Asset Management industry
Industry Median: 63.66
vs HNNA: 1161.56
Hennessy Advisors's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -8.40% 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.
Hennessy Advisors ROC (Joel Greenblatt) % Related Terms
Hennessy Advisors ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Hennessy Advisors'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.
HNNA vs NMS, GDO, GLV: ROC (Joel Greenblatt) % Comparison
For the Asset Management subindustry, Hennessy Advisors'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.
Hennessy Advisors ROC (Joel Greenblatt) % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Hennessy Advisors's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Hennessy Advisors'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 (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 1,230.10% mean?
Hennessy Advisors (HNNA) has a ROC (Joel Greenblatt) % of 1,230.10% 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 Hennessy Advisors and its competitors. This is 33% below median its historical median of 1,840.23. Over the past decade, Hennessy Advisors' ROC (Joel Greenblatt) % has ranged from 878.53 to 8,910.91. According to the industry distribution chart, Hennessy Advisors ranks #100 out of 630 companies in the Asset Management industry, placing it in the top 15.9%.
Is Hennessy Advisors' ROC (Joel Greenblatt) % too high?
Hennessy Advisors' current ROC (Joel Greenblatt) % of 1,230.10% is 33% below median its 10-year median of 1,840.23. Over the past 10 years, this metric has ranged from a low of 878.53 to a high of 8,910.91. The Asset Management industry median ROC (Joel Greenblatt) % is 63.66. Hennessy Advisors' value of 1,230.10% is 1832.3% above this industry median. Based on the distribution chart, Hennessy Advisors ranks #100 out of 630 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Hennessy Advisors has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hennessy Advisors' ROC (Joel Greenblatt) % compare to NMS and GDO?
According to the Asset Management industry distribution chart, Hennessy Advisors ranks #100 out of 630 companies for ROC (Joel Greenblatt) %. This places Hennessy Advisors in the top 16% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 63.66. Hennessy Advisors' value of 1,230.10% is 1832.3% above this benchmark. Historically, Hennessy Advisors' own ROC (Joel Greenblatt) % has ranged from 878.53 to 8,910.91 over the past decade. While the company's 10-year median is 1,840.23 vs. the industry median of 63.66, Hennessy Advisors 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 63.66, based on 630 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. Hennessy Advisors's current ROC (Joel Greenblatt) % of 1,230.10% is 1832.3% 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 Hennessy Advisors and its competitors. For the Asset Management industry, the median ROC (Joel Greenblatt) % is 63.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hennessy Advisors's current ROC (Joel Greenblatt) % is 1,230.10%, which is 33% below median its own 10-year median of 1,840.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hennessy Advisors stock overvalued right now?
Based on GuruFocus' analysis, Hennessy Advisors (HNNA) is currently considered Fairly Valued. The stock's GF Value™ is $9.81, compared to a current price of $9.89 — trading 0.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is 1,230.10%, which is 33% below median its 10-year median of 1,840.23 and 1832.3% above the Asset Management industry median of 63.66. Hennessy Advisors' overall GF Score™ is 73/100 with 2 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 Hennessy Advisors (HNNA), the current ROC (Joel Greenblatt) % is 1,230.10% 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 Hennessy Advisors (HNNA) Overvalued in 2026?
Based on GuruFocus' analysis, Hennessy Advisors stock appears to be overvalued.
The current stock price of $9.89 is trading 0.8% above its estimated GF Value™ of $9.81.
GuruFocus considers Hennessy Advisors to be Fairly Valued.
Key valuation signals for HNNA:
ROC (Joel Greenblatt) %: 1,230.10% (33% below median its 10-year median of 1,840.23)
GF Value™: $9.81 vs. price of $9.89 (0.8% above fair value)
Industry Position: 1832.3% above the Asset Management median (#100 of 630)
No single metric tells the full story. See the HNNA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hennessy Advisors Inc is an investment management company that manages and markets open-end mutual funds branded as the Hennessy Funds. It offers domestic equity, multi-asset sectors, specialty products, and fixed income products. The company earns revenues mainly from investment advisory services and secondarily from shareholder services. Advisory services include managing each fund's portfolio in line with its investment objectives, monitoring compliance and performance, overseeing sub-advisors and other service providers, and handling marketing, distribution, and regulatory reporting. Shareholder services cover investor support and coordination with the fund service provider, with all related fees based on the funds' average daily net asset values.
73GF Score
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