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NictusJSE:NCS +2.98%47 ROC (Joel Greenblatt) % is 2,258.58% as of Mar. 2026, which is 1069% above its 10-year median of 193.14. GuruFocus rates JSE:NCS with a GF Score™ of 47/100 and a GF Value™ of R1.18 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,132 Retail - Cyclical companies, Nictus ranks better than 99.65% 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. Nictus's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 2,258.58%.
The historical rank and industry rank for Nictus's ROC (Joel Greenblatt) % or its related term are showing as below:
JSE:NCS'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -207.39 Med: 193.14 Max: 2475.04
Current: 2436.98
During the past 13 years, Nictus's highest ROC (Joel Greenblatt) % was 2475.04%. The lowest was -207.39%. And the median was 193.14%.
JSE:NCS's ROC (Joel Greenblatt) % is ranked better than 99.65% of 1132
companies
in the Retail - Cyclical industry
Industry Median: 11.91
vs JSE:NCS: 2436.98
Nictus's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 100.70% 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.
The historical data trend for Nictus'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.
JSE:NCS vs CASY, WSM, ULTA: ROC (Joel Greenblatt) % Comparison
For the Specialty Retail subindustry, Nictus'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.
Nictus ROC (Joel Greenblatt) % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Nictus's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Nictus'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 two times the semi-annual (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 2,258.58% mean?
Nictus (JSE:NCS) has a ROC (Joel Greenblatt) % of 2,258.58% 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 Nictus and its competitors. This is 1069% above median its historical median of 193.14. According to the industry distribution chart, Nictus ranks #4 out of 1132 companies in the Retail - Cyclical industry, placing it in the top 0.40000000000001%.
Is Nictus' ROC (Joel Greenblatt) % too high?
Nictus' current ROC (Joel Greenblatt) % of 2,258.58% is 1069% above median its 10-year median of 193.14. The Retail - Cyclical industry median ROC (Joel Greenblatt) % is 11.91. Nictus' value of 2,258.58% is 18863.7% above this industry median. Based on the distribution chart, Nictus ranks #4 out of 1132 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Nictus has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nictus' ROC (Joel Greenblatt) % compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Nictus ranks #4 out of 1132 companies for ROC (Joel Greenblatt) %. This places Nictus in the top 0% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.91. Nictus' value of 2,258.58% is 18863.7% above this benchmark. While the company's 10-year median is 193.14 vs. the industry median of 11.91, Nictus 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 Retail - Cyclical company?
The median ROC (Joel Greenblatt) % among Retail - Cyclical companies is 11.91, based on 1,132 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. Nictus's current ROC (Joel Greenblatt) % of 2,258.58% is 18863.7% 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 Nictus and its competitors. For the Retail - Cyclical industry, the median ROC (Joel Greenblatt) % is 11.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nictus's current ROC (Joel Greenblatt) % is 2,258.58%, which is 1069% above median its own 10-year median of 193.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nictus stock overvalued right now?
Based on GuruFocus' analysis, Nictus (JSE:NCS) is currently considered Significantly Overvalued. The stock's GF Value™ is R1.18, compared to a current price of R2.42 — trading 105.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 2,258.58%, which is 1069% above median its 10-year median of 193.14 and 18863.7% above the Retail - Cyclical industry median of 11.91. Nictus' overall GF Score™ is 47/100 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 Nictus (JSE:NCS), the current ROC (Joel Greenblatt) % is 2,258.58% 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 Nictus (JSE:NCS) Overvalued in 2026?
Based on GuruFocus' analysis, Nictus stock appears to be overvalued.
The current stock price of R2.42 is trading 105.1% above its estimated GF Value™ of R1.18.
GuruFocus considers Nictus to be Significantly Overvalued.
Key valuation signals for JSE:NCS:
ROC (Joel Greenblatt) %: 2,258.58% (1069% above median its 10-year median of 193.14)
GF Value™: R1.18 vs. price of R2.42 (105.1% above fair value)
Industry Position: 18863.7% above the Retail - Cyclical median (#4 of 1132)
No single metric tells the full story. See the JSE:NCS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nictus Ltd operates as a retailer of household furniture, electrical appliances, and home electronics through the Nictus Furnishers brand and a short-term insurer through the Corporate Guarantee brand. The company owns three furniture retail stores located in Makhado, Polokwane and Randburg, South Africa. It operates in two segments namely Furniture segment and Insurance segment provides short-term insurance. Majority of the revenue is derived from the retailing of furniture and other products.
47GF Score
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