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Envista HoldingsMEX:NVST 80 ROC (Joel Greenblatt) % is 49.14% as of Mar. 2026, which is 1% below its 10-year median of 49.72. GuruFocus rates MEX:NVST with a GF Score™ of 80/100 and a GF Value™ of MXN332.83. The stock has 4 warning signs investors should review. Among 838 Medical Devices & Instruments companies, Envista Holdings ranks better than 89.02% 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. Envista Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 49.14%.
The historical rank and industry rank for Envista Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
MEX:NVST'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -202.99 Med: 49.72 Max: 97.28
Current: 48.92
During the past 10 years, Envista Holdings's highest ROC (Joel Greenblatt) % was 97.28%. The lowest was -202.99%. And the median was 49.72%.
MEX:NVST's ROC (Joel Greenblatt) % is ranked better than 89.02% of 838
companies
in the Medical Devices & Instruments industry
Industry Median: 4.145
vs MEX:NVST: 48.92
Envista Holdings'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.
Envista Holdings ROC (Joel Greenblatt) % Related Terms
Envista Holdings ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Envista Holdings'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.
MEX:NVST vs MMSI, MMED, STVN: ROC (Joel Greenblatt) % Comparison
For the Medical Instruments & Supplies subindustry, Envista Holdings'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.
Envista Holdings ROC (Joel Greenblatt) % vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Envista Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Envista Holdings'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 (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 49.14% mean?
Envista Holdings (MEX:NVST) has a ROC (Joel Greenblatt) % of 49.14% 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 Envista Holdings and its competitors. This is near median its historical median of 49.72. According to the industry distribution chart, Envista Holdings ranks #92 out of 838 companies in the Medical Devices & Instruments industry, placing it in the top 11%.
Is Envista Holdings' ROC (Joel Greenblatt) % too high?
Envista Holdings' current ROC (Joel Greenblatt) % of 49.14% is near median its 10-year median of 49.72. The Medical Devices & Instruments industry median ROC (Joel Greenblatt) % is 4.15. Envista Holdings' value of 49.14% is 1085.5% above this industry median. Based on the distribution chart, Envista Holdings ranks #92 out of 838 companies in the Medical Devices & Instruments industry, which is in the top quartile — a strong position relative to peers. Overall, Envista Holdings has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Envista Holdings' ROC (Joel Greenblatt) % compare to MMSI and MMED?
According to the Medical Devices & Instruments industry distribution chart, Envista Holdings ranks #92 out of 838 companies for ROC (Joel Greenblatt) %. This places Envista Holdings in the top 11% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 4.15. Envista Holdings' value of 49.14% is 1085.5% above this benchmark. While the company's 10-year median is 49.72 vs. the industry median of 4.15, Envista Holdings 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 Medical Devices & Instruments company?
The median ROC (Joel Greenblatt) % among Medical Devices & Instruments companies is 4.15, based on 838 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. Envista Holdings's current ROC (Joel Greenblatt) % of 49.14% is 1085.5% 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 Envista Holdings and its competitors. For the Medical Devices & Instruments industry, the median ROC (Joel Greenblatt) % is 4.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Envista Holdings's current ROC (Joel Greenblatt) % is 49.14%, which is near median its own 10-year median of 49.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Envista Holdings stock overvalued right now?
Envista Holdings (MEX:NVST) has a current ROC (Joel Greenblatt) % of 49.14%. The stock's GF Value™ is MXN332.83, compared to a current price of MXN370.00 — trading 11.2% above its estimated fair value. The current ROC (Joel Greenblatt) % is 49.14%, which is near median its 10-year median of 49.72 and 1085.5% above the Medical Devices & Instruments industry median of 4.15. Envista Holdings' overall GF Score™ is 80/100 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 Envista Holdings (MEX:NVST), the current ROC (Joel Greenblatt) % is 49.14% 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 Envista Holdings (MEX:NVST) Overvalued in 2026?
Based on GuruFocus' analysis, Envista Holdings stock appears to be overvalued.
The current stock price of MXN370.00 is trading 11.2% above its estimated GF Value™ of MXN332.83.
Key valuation signals for MEX:NVST:
ROC (Joel Greenblatt) %: 49.14% (near median its 10-year median of 49.72)
GF Value™: MXN332.83 vs. price of MXN370.00 (11.2% above fair value)
Industry Position: 1085.5% above the Medical Devices & Instruments median (#92 of 838)
No single metric tells the full story. See the MEX:NVST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Envista Holdings Corp is a dental products company. It develops, manufactures, and markets portfolios of dental consumables, equipment, and services to dental professionals. The company's business consists of two segments; Specialty Products & Technologies and Equipment & Consumables. The company's Specialty Products & Technologies segment, which derives key revenue, develops, manufactures, and markets dental implant systems, including regenerative solutions, dental prosthetics, and associated treatment software and technologies, as well as orthodontic bracket systems, aligners, and lab products. Geographically, the company generates a majority of its revenue from North America, followed by Western Europe and other developed and emerging markets.
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