MannatechMTEX -10.48%47 ROC (Joel Greenblatt) % is -9.77% as of Mar. 2026. GuruFocus rates MTEX with a GF Score™ of 47/100 and a GF Value™ of $7.18 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 311 Retail - Defensive companies, Mannatech ranks worse than 91.64% 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. Mannatech's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -9.77%.
The historical rank and industry rank for Mannatech's ROC (Joel Greenblatt) % or its related term are showing as below:
MTEX'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -36.03 Med: 22.92 Max: 71.54
Current: -19.83
During the past 13 years, Mannatech's highest ROC (Joel Greenblatt) % was 71.54%. The lowest was -36.03%. And the median was 22.92%.
MTEX's ROC (Joel Greenblatt) % is ranked worse than 91.64% of 311
companies
in the Retail - Defensive industry
Industry Median: 13.46
vs MTEX: -19.83
Mannatech'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.
The historical data trend for Mannatech'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.
MTEX vs AIXN, IVFH, MCLE: ROC (Joel Greenblatt) % Comparison
For the Food Distribution subindustry, Mannatech'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.
Mannatech ROC (Joel Greenblatt) % vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Mannatech's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Mannatech'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 -9.77% mean?
Mannatech (MTEX) has a ROC (Joel Greenblatt) % of -9.77% 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 Mannatech and its competitors. According to the industry distribution chart, Mannatech ranks #285 out of 311 companies in the Retail - Defensive industry, placing it in the top 91.6%.
Is Mannatech's ROC (Joel Greenblatt) % too high?
Mannatech's current ROC (Joel Greenblatt) % is -9.77%. Based on the distribution chart, Mannatech ranks #285 out of 311 companies in the Retail - Defensive industry, which is in the bottom quartile relative to peers. Overall, Mannatech has a GF Score™ of 47/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Mannatech's ROC (Joel Greenblatt) % compare to AIXN and IVFH?
According to the Retail - Defensive industry distribution chart, Mannatech ranks #285 out of 311 companies for ROC (Joel Greenblatt) %. This places Mannatech in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 13.46. 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 Retail - Defensive company?
The median ROC (Joel Greenblatt) % among Retail - Defensive companies is 13.46, based on 311 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. 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 Mannatech and its competitors. For the Retail - Defensive industry, the median ROC (Joel Greenblatt) % is 13.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mannatech's current ROC (Joel Greenblatt) % is -9.77%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mannatech stock overvalued right now?
Based on GuruFocus' analysis, Mannatech (MTEX) is currently considered Possible Value Trap. The stock's GF Value™ is $7.18, compared to a current price of $4.70 — trading 34.5% below its estimated fair value. The current ROC (Joel Greenblatt) % is -9.77%. Mannatech's overall GF Score™ is 47/100 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 Mannatech (MTEX), the current ROC (Joel Greenblatt) % is -9.77% 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 Mannatech (MTEX) Overvalued in 2026?
Based on GuruFocus' analysis, Mannatech stock appears to be undervalued.
The current stock price of $4.70 is trading 34.5% below its estimated GF Value™ of $7.18.
GuruFocus considers Mannatech to be Possible Value Trap.
Key valuation signals for MTEX:
ROC (Joel Greenblatt) %: -9.77%
GF Value™: $7.18 vs. price of $4.70 (34.5% below fair value)
No single metric tells the full story. See the MTEX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mannatech Inc is a wellness solution provider. The company develops and sells nutritional supplements, topical and skin care and anti-aging products, and weight-management products that target optimal health and wellness. Mannatech sells products in three regions: the Americas (the United States, Canada, and Mexico); Europe/the Middle East/Africa (EMEA) (Austria, the Czech Republic, Denmark, Estonia, Finland, Germany, the Republic of Ireland, Namibia, the Netherlands, Norway, South Africa, Spain, Sweden, and the United Kingdom); and Asia/Pacific (Australia, Japan, New Zealand, the Republic of Korea, Singapore, Taiwan, Hong Kong, and China). Mannatech generates the majority of its revenue from the Americas.
47GF Score
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