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Neodecortech SpAMIL:NDT -1.46%70 ROC (Joel Greenblatt) % is 30.90% as of Mar. 2026, which is 250% above its 10-year median of 8.83. GuruFocus rates MIL:NDT with a GF Score™ of 70/100 and a GF Value™ of €3.33 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 285 Forest Products companies, Neodecortech SpA ranks better than 85.96% 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. Neodecortech SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 30.90%.
The historical rank and industry rank for Neodecortech SpA's ROC (Joel Greenblatt) % or its related term are showing as below:
MIL:NDT'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.51 Med: 8.83 Max: 15.97
Current: 15.97
During the past 11 years, Neodecortech SpA's highest ROC (Joel Greenblatt) % was 15.97%. The lowest was 4.51%. And the median was 8.83%.
MIL:NDT's ROC (Joel Greenblatt) % is ranked better than 85.96% of 285
companies
in the Forest Products industry
Industry Median: 4.78
vs MIL:NDT: 15.97
Neodecortech SpA's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 3.80% 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.
Neodecortech SpA ROC (Joel Greenblatt) % Related Terms
Neodecortech SpA ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Neodecortech SpA'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.
MIL:NDT vs SLVM: ROC (Joel Greenblatt) % Comparison
For the Paper & Paper Products subindustry, Neodecortech SpA'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.
Neodecortech SpA ROC (Joel Greenblatt) % vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Neodecortech SpA's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Neodecortech SpA'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 30.90% mean?
Neodecortech SpA (MIL:NDT) has a ROC (Joel Greenblatt) % of 30.90% 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 Neodecortech SpA and its competitors. This is 250% above median its historical median of 8.83. Over the past decade, Neodecortech SpA's ROC (Joel Greenblatt) % has ranged from 4.51 to 15.97. According to the industry distribution chart, Neodecortech SpA ranks #40 out of 285 companies in the Forest Products industry, placing it in the top 14%.
Is Neodecortech SpA's ROC (Joel Greenblatt) % too high?
Neodecortech SpA's current ROC (Joel Greenblatt) % of 30.90% is 250% above median its 10-year median of 8.83. Over the past 10 years, this metric has ranged from a low of 4.51 to a high of 15.97. The Forest Products industry median ROC (Joel Greenblatt) % is 4.78. Neodecortech SpA's value of 30.90% is 546.4% above this industry median. Based on the distribution chart, Neodecortech SpA ranks #40 out of 285 companies in the Forest Products industry, which is in the top quartile — a strong position relative to peers. Overall, Neodecortech SpA has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Neodecortech SpA's ROC (Joel Greenblatt) % compare to SLVM?
According to the Forest Products industry distribution chart, Neodecortech SpA ranks #40 out of 285 companies for ROC (Joel Greenblatt) %. This places Neodecortech SpA in the top 14% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 4.78. Neodecortech SpA's value of 30.90% is 546.4% above this benchmark. Historically, Neodecortech SpA's own ROC (Joel Greenblatt) % has ranged from 4.51 to 15.97 over the past decade. While the company's 10-year median is 8.83 vs. the industry median of 4.78, Neodecortech SpA 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 Forest Products company?
The median ROC (Joel Greenblatt) % among Forest Products companies is 4.78, based on 285 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. Neodecortech SpA's current ROC (Joel Greenblatt) % of 30.90% is 546.4% 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 Neodecortech SpA and its competitors. For the Forest Products industry, the median ROC (Joel Greenblatt) % is 4.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Neodecortech SpA's current ROC (Joel Greenblatt) % is 30.90%, which is 250% above median its own 10-year median of 8.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Neodecortech SpA stock overvalued right now?
Based on GuruFocus' analysis, Neodecortech SpA (MIL:NDT) is currently considered Significantly Overvalued. The stock's GF Value™ is €3.33, compared to a current price of €4.72 — trading 41.7% above its estimated fair value. The current ROC (Joel Greenblatt) % is 30.90%, which is 250% above median its 10-year median of 8.83 and 546.4% above the Forest Products industry median of 4.78. Neodecortech SpA's overall GF Score™ is 70/100 with 7 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 Neodecortech SpA (MIL:NDT), the current ROC (Joel Greenblatt) % is 30.90% 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 Neodecortech SpA (MIL:NDT) Overvalued in 2026?
Based on GuruFocus' analysis, Neodecortech SpA stock appears to be overvalued.
The current stock price of €4.72 is trading 41.7% above its estimated GF Value™ of €3.33.
GuruFocus considers Neodecortech SpA to be Significantly Overvalued.
Key valuation signals for MIL:NDT:
ROC (Joel Greenblatt) %: 30.90% (250% above median its 10-year median of 8.83)
GF Value™: €3.33 vs. price of €4.72 (41.7% above fair value)
Industry Position: 546.4% above the Forest Products median (#40 of 285)
No single metric tells the full story. See the MIL:NDT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Neodecortech SpA produces and markets decorative paper, decorative papers for furniture, and laminate flooring in the national and international markets. It manufactures decorative papers, printed decorative papers, finish foil, melamine-impregnated papers, printed thermoplastic film, and laminates. Its divisions include the Printed Decorative Paper Division, Decorative Paper Division, and Guarcino Energy Division and NDT China Division. The majority of its revenue is generated from the Decorative Paper Division segment.
70GF Score
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