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. Labrador Iron Ore Royalty's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 48.45%.
The historical rank and industry rank for Labrador Iron Ore Royalty's ROC (Joel Greenblatt) % or its related term are showing as below:
LIFZF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 30.66 Med: 59.46 Max: 90.06
Current: 56.07
During the past 13 years, Labrador Iron Ore Royalty's highest ROC (Joel Greenblatt) % was 90.06%. The lowest was 30.66%. And the median was 59.46%.
LIFZF's ROC (Joel Greenblatt) % is ranked better than 96.04% of 632
companies
in the Steel industry
Industry Median: 7.065
vs LIFZF: 56.07
Labrador Iron Ore Royalty's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -4.00% per year.
Labrador Iron Ore Royalty (OTCPK:LIFZF) 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.
Labrador Iron Ore Royalty ROC (Joel Greenblatt) % Related Terms
Labrador Iron Ore Royalty ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Labrador Iron Ore Royalty'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.
Labrador Iron Ore Royalty ROC (Joel Greenblatt) % Chart
LIFZF vs NUE, STLD, RS: ROC (Joel Greenblatt) % Comparison
For the Steel subindustry, Labrador Iron Ore Royalty'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.
Labrador Iron Ore Royalty ROC (Joel Greenblatt) % vs Steel Industry
For the Steel industry and Basic Materials sector, Labrador Iron Ore Royalty's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Labrador Iron Ore Royalty's ROC (Joel Greenblatt) % falls into.
Labrador Iron Ore Royalty 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 48.45% mean?
Labrador Iron Ore Royalty (LIFZF) has a ROC (Joel Greenblatt) % of 48.45% 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 Labrador Iron Ore Royalty and its competitors. This is 19% below median its historical median of 59.46. Over the past decade, Labrador Iron Ore Royalty's ROC (Joel Greenblatt) % has ranged from 30.66 to 90.06. According to the industry distribution chart, Labrador Iron Ore Royalty ranks #25 out of 632 companies in the Steel industry, placing it in the top 4%.
Is Labrador Iron Ore Royalty's ROC (Joel Greenblatt) % too high?
Labrador Iron Ore Royalty's current ROC (Joel Greenblatt) % of 48.45% is 19% below median its 10-year median of 59.46. Over the past 10 years, this metric has ranged from a low of 30.66 to a high of 90.06. The Steel industry median ROC (Joel Greenblatt) % is 7.07. Labrador Iron Ore Royalty's value of 48.45% is 585.8% above this industry median. Based on the distribution chart, Labrador Iron Ore Royalty ranks #25 out of 632 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Labrador Iron Ore Royalty has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Labrador Iron Ore Royalty's ROC (Joel Greenblatt) % compare to NUE and STLD?
According to the Steel industry distribution chart, Labrador Iron Ore Royalty ranks #25 out of 632 companies for ROC (Joel Greenblatt) %. This places Labrador Iron Ore Royalty in the top 4% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 7.07. Labrador Iron Ore Royalty's value of 48.45% is 585.8% above this benchmark. Historically, Labrador Iron Ore Royalty's own ROC (Joel Greenblatt) % has ranged from 30.66 to 90.06 over the past decade. While the company's 10-year median is 59.46 vs. the industry median of 7.07, Labrador Iron Ore Royalty 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 Steel company?
The median ROC (Joel Greenblatt) % among Steel companies is 7.07, based on 632 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. Labrador Iron Ore Royalty's current ROC (Joel Greenblatt) % of 48.45% is 585.8% 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 Labrador Iron Ore Royalty and its competitors. For the Steel industry, the median ROC (Joel Greenblatt) % is 7.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Labrador Iron Ore Royalty's current ROC (Joel Greenblatt) % is 48.45%, which is 19% below median its own 10-year median of 59.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Labrador Iron Ore Royalty stock overvalued right now?
Based on GuruFocus' analysis, Labrador Iron Ore Royalty (LIFZF) is currently considered Fairly Valued. The stock's GF Value™ is $18.05, compared to a current price of $19.32 — trading 7% above its estimated fair value. The current ROC (Joel Greenblatt) % is 48.45%, which is 19% below median its 10-year median of 59.46 and 585.8% above the Steel industry median of 7.07. Labrador Iron Ore Royalty's overall GF Score™ is 71/100 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 Labrador Iron Ore Royalty (LIFZF), the current ROC (Joel Greenblatt) % is 48.45% 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 Labrador Iron Ore Royalty (LIFZF) Overvalued in 2026?
Based on GuruFocus' analysis, Labrador Iron Ore Royalty stock appears to be overvalued.
The current stock price of $19.32 is trading 7% above its estimated GF Value™ of $18.05.
GuruFocus considers Labrador Iron Ore Royalty to be Fairly Valued.
Key valuation signals for LIFZF:
ROC (Joel Greenblatt) %: 48.45% (19% below median its 10-year median of 59.46)
GF Value™: $18.05 vs. price of $19.32 (7% above fair value)
Industry Position: 585.8% above the Steel median (#25 of 632)
No single metric tells the full story. See the LIFZF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Labrador Iron Ore Royalty Corporation, along with its wholly owned subsidiary, holds approximately fifteen percent interest in Iron Ore Company of Canada (IOC), a North American producer and exporter of iron ore pellets and high-grade concentrate. The company receives approximately seven percent gross overriding royalty on all iron ore products produced, sold, and shipped by IOC and some cents per tonne commission on all iron ore products produced and sold by IOC from the leased lands. Under normal circumstances, Labrador Iron Ore Royalty Corporation pays cash dividends from the free cash flow generated from IOC to the maximum extent possible, subject to the maintenance of appropriate levels of working capital. The firm generates the majority of its revenue in the form of royalty income.
71GF Score
Get the complete analysis for LIFZF
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
LIFZF has been successfully added to your 
