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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. TAL Education Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 32.18%.
The historical rank and industry rank for TAL Education Group's ROC (Joel Greenblatt) % or its related term are showing as below:
MEX:TAL N'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -59.24 Med: -2.27 Max: 177.46
Current: 32.19
During the past 13 years, TAL Education Group's highest ROC (Joel Greenblatt) % was 177.46%. The lowest was -59.24%. And the median was -2.27%.
MEX:TAL N's ROC (Joel Greenblatt) % is ranked better than 64.26% of 263
companies
in the Education industry
Industry Median: 18.42
vs MEX:TAL N: 32.19
TAL Education Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
TAL Education Group (MEX:TAL N) 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.
TAL Education Group ROC (Joel Greenblatt) % Related Terms
TAL Education Group ROC (Joel Greenblatt) % Historical Data
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The historical data trend for TAL Education Group'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:TAL N vs LAUR, GHC, CVSA: ROC (Joel Greenblatt) % Comparison
For the Education & Training Services subindustry, TAL Education Group'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.
TAL Education Group ROC (Joel Greenblatt) % vs Education Industry
For the Education industry and Consumer Defensive sector, TAL Education Group's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where TAL Education Group's ROC (Joel Greenblatt) % falls into.
TAL Education Group 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 (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 32.18% mean?
TAL Education Group (MEX:TAL N) has a ROC (Joel Greenblatt) % of 32.18% 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 TAL Education Group and its competitors. According to the industry distribution chart, TAL Education Group ranks #94 out of 263 companies in the Education industry, placing it in the top 35.7%.
Is TAL Education Group's ROC (Joel Greenblatt) % too high?
TAL Education Group's current ROC (Joel Greenblatt) % is 32.18%. The Education industry median ROC (Joel Greenblatt) % is 18.42. TAL Education Group's value of 32.18% is 74.7% above this industry median. Based on the distribution chart, TAL Education Group ranks #94 out of 263 companies in the Education industry, which is above the industry midpoint. Overall, TAL Education Group has a GF Score™ of 65/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TAL Education Group's ROC (Joel Greenblatt) % compare to LAUR and GHC?
According to the Education industry distribution chart, TAL Education Group ranks #94 out of 263 companies for ROC (Joel Greenblatt) %. This puts TAL Education Group in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 18.42. TAL Education Group's value of 32.18% is 74.7% above this benchmark. 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 an Education company?
The median ROC (Joel Greenblatt) % among Education companies is 18.42, based on 263 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. TAL Education Group's current ROC (Joel Greenblatt) % of 32.18% is 74.7% 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 TAL Education Group and its competitors. For the Education industry, the median ROC (Joel Greenblatt) % is 18.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TAL Education Group's current ROC (Joel Greenblatt) % is 32.18%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TAL Education Group stock overvalued right now?
Based on GuruFocus' analysis, TAL Education Group (MEX:TAL N) is currently considered Significantly Undervalued. The stock's GF Value™ is MXN367.91, compared to a current price of MXN180.00 — trading 51.1% below its estimated fair value. The current ROC (Joel Greenblatt) % is 32.18% and 74.7% above the Education industry median of 18.42. TAL Education Group's overall GF Score™ is 65/100 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 TAL Education Group (MEX:TAL N), the current ROC (Joel Greenblatt) % is 32.18% 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 TAL Education Group (MEX:TAL N) Overvalued in 2026?
Based on GuruFocus' analysis, TAL Education Group stock appears to be undervalued.
The current stock price of MXN180.00 is trading 51.1% below its estimated GF Value™ of MXN367.91.
GuruFocus considers TAL Education Group to be Significantly Undervalued.
Key valuation signals for MEX:TAL N:
ROC (Joel Greenblatt) %: 32.18%
GF Value™: MXN367.91 vs. price of MXN180.00 (51.1% below fair value)
Industry Position: 74.7% above the Education median (#94 of 263)
No single metric tells the full story. See the MEX:TAL N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TAL Education Group is a leading learning solutions provider in China. It operates a few business lines including enrichment learning, high school academic tutoring, learning technology, and content solutions. Among those business lines, TAL focuses on enrichment learning and content solutions.
65GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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