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National Foods FZCOKAR:NATF +0.57%96 ROC (Joel Greenblatt) % is 87.45% as of Mar. 2026, which is 169% above its 10-year median of 32.54. GuruFocus rates KAR:NATF with a GF Score™ of 96/100 and a GF Value™ of ₨262.59 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,980 Consumer Packaged Goods companies, National Foods FZCO ranks better than 90.76% 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. National Foods FZCO's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 87.45%.
The historical rank and industry rank for National Foods FZCO's ROC (Joel Greenblatt) % or its related term are showing as below:
KAR:NATF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 24.01 Med: 32.54 Max: 52.63
Current: 52.63
During the past 13 years, National Foods FZCO's highest ROC (Joel Greenblatt) % was 52.63%. The lowest was 24.01%. And the median was 32.54%.
KAR:NATF's ROC (Joel Greenblatt) % is ranked better than 90.76% of 1980
companies
in the Consumer Packaged Goods industry
Industry Median: 11.99
vs KAR:NATF: 52.63
National Foods FZCO's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -6.80% per year.
National Foods FZCO (KAR:NATF) 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.
National Foods FZCO ROC (Joel Greenblatt) % Related Terms
National Foods FZCO ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for National Foods FZCO'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.
KAR:NATF vs KHC, GIS: ROC (Joel Greenblatt) % Comparison
For the Packaged Foods subindustry, National Foods FZCO'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.
National Foods FZCO ROC (Joel Greenblatt) % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, National Foods FZCO's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where National Foods FZCO's ROC (Joel Greenblatt) % falls into.
National Foods FZCO 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 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 87.45% mean?
National Foods FZCO (KAR:NATF) has a ROC (Joel Greenblatt) % of 87.45% 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 National Foods FZCO and its competitors. This is 169% above median its historical median of 32.54. Over the past decade, National Foods FZCO's ROC (Joel Greenblatt) % has ranged from 24.01 to 52.63. According to the industry distribution chart, National Foods FZCO ranks #183 out of 1980 companies in the Consumer Packaged Goods industry, placing it in the top 9.2%.
Is National Foods FZCO's ROC (Joel Greenblatt) % too high?
National Foods FZCO's current ROC (Joel Greenblatt) % of 87.45% is 169% above median its 10-year median of 32.54. Over the past 10 years, this metric has ranged from a low of 24.01 to a high of 52.63. The Consumer Packaged Goods industry median ROC (Joel Greenblatt) % is 11.99. National Foods FZCO's value of 87.45% is 629.4% above this industry median. Based on the distribution chart, National Foods FZCO ranks #183 out of 1980 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, National Foods FZCO has a GF Score™ of 96/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Foods FZCO's ROC (Joel Greenblatt) % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, National Foods FZCO ranks #183 out of 1980 companies for ROC (Joel Greenblatt) %. This places National Foods FZCO in the top 9% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.99. National Foods FZCO's value of 87.45% is 629.4% above this benchmark. Historically, National Foods FZCO's own ROC (Joel Greenblatt) % has ranged from 24.01 to 52.63 over the past decade. While the company's 10-year median is 32.54 vs. the industry median of 11.99, National Foods FZCO 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 Consumer Packaged Goods company?
The median ROC (Joel Greenblatt) % among Consumer Packaged Goods companies is 11.99, based on 1,980 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. National Foods FZCO's current ROC (Joel Greenblatt) % of 87.45% is 629.4% 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 National Foods FZCO and its competitors. For the Consumer Packaged Goods industry, the median ROC (Joel Greenblatt) % is 11.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Foods FZCO's current ROC (Joel Greenblatt) % is 87.45%, which is 169% above median its own 10-year median of 32.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Foods FZCO stock overvalued right now?
Based on GuruFocus' analysis, National Foods FZCO (KAR:NATF) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨262.59, compared to a current price of ₨382.09 — trading 45.5% above its estimated fair value. The current ROC (Joel Greenblatt) % is 87.45%, which is 169% above median its 10-year median of 32.54 and 629.4% above the Consumer Packaged Goods industry median of 11.99. National Foods FZCO's overall GF Score™ is 96/100 with 6 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 National Foods FZCO (KAR:NATF), the current ROC (Joel Greenblatt) % is 87.45% 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 National Foods FZCO (KAR:NATF) Overvalued in 2026?
Based on GuruFocus' analysis, National Foods FZCO stock appears to be overvalued.
The current stock price of ₨382.09 is trading 45.5% above its estimated GF Value™ of ₨262.59.
GuruFocus considers National Foods FZCO to be Significantly Overvalued.
Key valuation signals for KAR:NATF:
ROC (Joel Greenblatt) %: 87.45% (169% above median its 10-year median of 32.54)
GF Value™: ₨262.59 vs. price of ₨382.09 (45.5% above fair value)
Industry Position: 629.4% above the Consumer Packaged Goods median (#183 of 1980)
No single metric tells the full story. See the KAR:NATF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Foods FZCO, formerly known as National Foods Ltd, is a Pakistan-based multi-category food company. It is principally engaged in the manufacturing and sale of convenience food products. The company's operating segment includes Food and food-related products and Retail. It generates maximum revenue from the Food and food-related products segment. Geographically, it derives the majority of revenue from Pakistan and also has a presence in KSA/Canada, the Middle East. The products of the company include desserts, jams, pickles, frozen meals, ketchup, recipe masala, rice, basic spices, and snacks.
96GF Score
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