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Newpark REITJSE:NRL 67 ROC (Joel Greenblatt) % is 574.84% as of Feb. 2026, which is 394% above its 10-year median of 116.39. GuruFocus rates JSE:NRL with a GF Score™ of 67/100 and a GF Value™ of R4.72 (Fairly Valued). The stock has 8 warning signs investors should review. Among 579 REITs companies, Newpark REIT ranks better than 63.56% 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. Newpark REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 574.84%.
The historical rank and industry rank for Newpark REIT's ROC (Joel Greenblatt) % or its related term are showing as below:
JSE:NRL'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -231.97 Med: 116.39 Max: 420.78
Current: 417.81
During the past 12 years, Newpark REIT's highest ROC (Joel Greenblatt) % was 420.78%. The lowest was -231.97%. And the median was 116.39%.
JSE:NRL's ROC (Joel Greenblatt) % is ranked better than 63.56% of 579
companies
in the REITs industry
Industry Median: 174.41
vs JSE:NRL: 417.81
Newpark REIT's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% 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.
Newpark REIT ROC (Joel Greenblatt) % Related Terms
Newpark REIT ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Newpark REIT'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:NRL vs VICI, WPC, BNL: ROC (Joel Greenblatt) % Comparison
For the REIT - Diversified subindustry, Newpark REIT'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.
Newpark REIT ROC (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, Newpark REIT's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Newpark REIT'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 (Feb. 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 574.84% mean?
Newpark REIT (JSE:NRL) has a ROC (Joel Greenblatt) % of 574.84% as of Feb. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Newpark REIT and its competitors. This is 394% above median its historical median of 116.39. According to the industry distribution chart, Newpark REIT ranks #211 out of 579 companies in the REITs industry, placing it in the top 36.4%.
Is Newpark REIT's ROC (Joel Greenblatt) % too high?
Newpark REIT's current ROC (Joel Greenblatt) % of 574.84% is 394% above median its 10-year median of 116.39. The REITs industry median ROC (Joel Greenblatt) % is 174.41. Newpark REIT's value of 574.84% is 229.6% above this industry median. Based on the distribution chart, Newpark REIT ranks #211 out of 579 companies in the REITs industry, which is above the industry midpoint. Overall, Newpark REIT has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Newpark REIT's ROC (Joel Greenblatt) % compare to VICI and WPC?
According to the REITs industry distribution chart, Newpark REIT ranks #211 out of 579 companies for ROC (Joel Greenblatt) %. This puts Newpark REIT in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 174.41. Newpark REIT's value of 574.84% is 229.6% above this benchmark. While the company's 10-year median is 116.39 vs. the industry median of 174.41, Newpark REIT 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 REITs company?
The median ROC (Joel Greenblatt) % among REITs companies is 174.41, based on 579 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. Newpark REIT's current ROC (Joel Greenblatt) % of 574.84% is 229.6% 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 Newpark REIT and its competitors. For the REITs industry, the median ROC (Joel Greenblatt) % is 174.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Newpark REIT's current ROC (Joel Greenblatt) % is 574.84%, which is 394% above median its own 10-year median of 116.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Newpark REIT stock overvalued right now?
Based on GuruFocus' analysis, Newpark REIT (JSE:NRL) is currently considered Fairly Valued. The stock's GF Value™ is R4.72, compared to a current price of R4.70 — trading 0.4% below its estimated fair value. The current ROC (Joel Greenblatt) % is 574.84%, which is 394% above median its 10-year median of 116.39 and 229.6% above the REITs industry median of 174.41. Newpark REIT's overall GF Score™ is 67/100 with 8 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 Newpark REIT (JSE:NRL), the current ROC (Joel Greenblatt) % is 574.84% as of Feb. 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 Newpark REIT (JSE:NRL) Overvalued in 2026?
Based on GuruFocus' analysis, Newpark REIT stock appears to be undervalued.
The current stock price of R4.70 is trading 0.4% below its estimated GF Value™ of R4.72.
GuruFocus considers Newpark REIT to be Fairly Valued.
Key valuation signals for JSE:NRL:
ROC (Joel Greenblatt) %: 574.84% (394% above median its 10-year median of 116.39)
GF Value™: R4.72 vs. price of R4.70 (0.4% below fair value)
Industry Position: 229.6% above the REITs median (#211 of 579)
No single metric tells the full story. See the JSE:NRL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Newpark REIT Ltd is a real estate investment trust company in South Africa. The company focuses on investing in A-grade commercial properties. Its property portfolio comprises the JSE building, the 24 Central, and industrial buildings in Linbro Business Park and Crown City. The Company is organized into four main operating segments, which include Mixed use (office, retail, and storage), Head office, Office, and Industrial. It generates the majority of the revenue from the Office segment.
67GF Score
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