Novamarine SpAMIL:NOVA 17 ROC (Joel Greenblatt) % is 6.25% as of Dec. 2025, which is 58% below its 10-year median of 15.06. GuruFocus rates MIL:NOVA with a GF Score™ of 17/100. The stock has 6 warning signs investors should review. Among 1,334 Vehicles & Parts companies, Novamarine SpA ranks better than 59.75% 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. Novamarine SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 6.25%.
The historical rank and industry rank for Novamarine SpA's ROC (Joel Greenblatt) % or its related term are showing as below:
MIL:NOVA'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 6.63 Med: 15.06 Max: 18.87
Current: 15.35
During the past 5 years, Novamarine SpA's highest ROC (Joel Greenblatt) % was 18.87%. The lowest was 6.63%. And the median was 15.06%.
MIL:NOVA's ROC (Joel Greenblatt) % is ranked better than 59.75% of 1334
companies
in the Vehicles & Parts industry
Industry Median: 11.99
vs MIL:NOVA: 15.35
Novamarine SpA'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.
Novamarine SpA ROC (Joel Greenblatt) % Related Terms
Novamarine SpA ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Novamarine 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:NOVA vs BC, PII, THO: ROC (Joel Greenblatt) % Comparison
For the Recreational Vehicles subindustry, Novamarine 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.
Novamarine SpA ROC (Joel Greenblatt) % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Novamarine SpA's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Novamarine 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 two times the semi-annual (Dec. 2025) 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 6.25% mean?
Novamarine SpA (MIL:NOVA) has a ROC (Joel Greenblatt) % of 6.25% as of Dec. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Novamarine SpA and its competitors. This is 58% below median its historical median of 15.06. Over the past decade, Novamarine SpA's ROC (Joel Greenblatt) % has ranged from 6.63 to 18.87. According to the industry distribution chart, Novamarine SpA ranks #537 out of 1334 companies in the Vehicles & Parts industry, placing it in the top 40.3%.
Is Novamarine SpA's ROC (Joel Greenblatt) % too high?
Novamarine SpA's current ROC (Joel Greenblatt) % of 6.25% is 58% below median its 10-year median of 15.06. Over the past 10 years, this metric has ranged from a low of 6.63 to a high of 18.87. The Vehicles & Parts industry median ROC (Joel Greenblatt) % is 11.99. Novamarine SpA's value of 6.25% is 47.9% below this industry median. Based on the distribution chart, Novamarine SpA ranks #537 out of 1334 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Novamarine SpA has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Novamarine SpA's ROC (Joel Greenblatt) % compare to BC and PII?
According to the Vehicles & Parts industry distribution chart, Novamarine SpA ranks #537 out of 1334 companies for ROC (Joel Greenblatt) %. This puts Novamarine SpA in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.99. Novamarine SpA's value of 6.25% is 47.9% below this benchmark. Historically, Novamarine SpA's own ROC (Joel Greenblatt) % has ranged from 6.63 to 18.87 over the past decade. While the company's 10-year median is 15.06 vs. the industry median of 11.99, Novamarine SpA has consistently been below 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 Vehicles & Parts company?
The median ROC (Joel Greenblatt) % among Vehicles & Parts companies is 11.99, based on 1,334 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. Novamarine SpA's current ROC (Joel Greenblatt) % of 6.25% is 47.9% below 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 Novamarine SpA and its competitors. For the Vehicles & Parts 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. Novamarine SpA's current ROC (Joel Greenblatt) % is 6.25%, which is 58% below median its own 10-year median of 15.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Novamarine SpA stock overvalued right now?
Novamarine SpA (MIL:NOVA) has a current ROC (Joel Greenblatt) % of 6.25%. The current ROC (Joel Greenblatt) % is 6.25%, which is 58% below median its 10-year median of 15.06 and 47.9% below the Vehicles & Parts industry median of 11.99. Novamarine SpA's overall GF Score™ is 17/100 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 Novamarine SpA (MIL:NOVA), the current ROC (Joel Greenblatt) % is 6.25% as of Dec. 2025. 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.
Novamarine SpA is a company active in the design, production and marketing of high-performance pleasure boats in the pleasure and professional segments.
17GF Score
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