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NACCO IndustriesNC +0.47%66 ROC (Joel Greenblatt) % is 11.23% as of Mar. 2026, which is 22% below its 10-year median of 14.34. GuruFocus rates NC with a GF Score™ of 66/100 and a GF Value™ of $40.45 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 183 Other Energy Sources companies, NACCO Industries ranks better than 58.47% 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. NACCO Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 11.23%.
The historical rank and industry rank for NACCO Industries's ROC (Joel Greenblatt) % or its related term are showing as below:
NC'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -19.25 Med: 14.34 Max: 31.04
Current: 6.05
During the past 13 years, NACCO Industries's highest ROC (Joel Greenblatt) % was 31.04%. The lowest was -19.25%. And the median was 14.34%.
NC's ROC (Joel Greenblatt) % is ranked better than 58.47% of 183
companies
in the Other Energy Sources industry
Industry Median: 2.61
vs NC: 6.05
NACCO Industries'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.
NACCO Industries ROC (Joel Greenblatt) % Related Terms
NACCO Industries ROC (Joel Greenblatt) % Historical Data
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The historical data trend for NACCO Industries'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.
NC vs NRP, CNR: ROC (Joel Greenblatt) % Comparison
For the Thermal Coal subindustry, NACCO Industries'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.
NACCO Industries ROC (Joel Greenblatt) % vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, NACCO Industries's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where NACCO Industries'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 11.23% mean?
NACCO Industries (NC) has a ROC (Joel Greenblatt) % of 11.23% 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 NACCO Industries and its competitors. This is 22% below median its historical median of 14.34. According to the industry distribution chart, NACCO Industries ranks #76 out of 183 companies in the Other Energy Sources industry, placing it in the top 41.5%.
Is NACCO Industries' ROC (Joel Greenblatt) % too high?
NACCO Industries' current ROC (Joel Greenblatt) % of 11.23% is 22% below median its 10-year median of 14.34. The Other Energy Sources industry median ROC (Joel Greenblatt) % is 2.61. NACCO Industries' value of 11.23% is 330.3% above this industry median. Based on the distribution chart, NACCO Industries ranks #76 out of 183 companies in the Other Energy Sources industry, which is above the industry midpoint. Overall, NACCO Industries has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NACCO Industries' ROC (Joel Greenblatt) % compare to NRP and CNR?
According to the Other Energy Sources industry distribution chart, NACCO Industries ranks #76 out of 183 companies for ROC (Joel Greenblatt) %. This puts NACCO Industries in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 2.61. NACCO Industries' value of 11.23% is 330.3% above this benchmark. While the company's 10-year median is 14.34 vs. the industry median of 2.61, NACCO Industries 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 an Other Energy Sources company?
The median ROC (Joel Greenblatt) % among Other Energy Sources companies is 2.61, based on 183 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. NACCO Industries's current ROC (Joel Greenblatt) % of 11.23% is 330.3% 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 NACCO Industries and its competitors. For the Other Energy Sources industry, the median ROC (Joel Greenblatt) % is 2.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NACCO Industries's current ROC (Joel Greenblatt) % is 11.23%, which is 22% below median its own 10-year median of 14.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NACCO Industries stock overvalued right now?
Based on GuruFocus' analysis, NACCO Industries (NC) is currently considered Modestly Overvalued. The stock's GF Value™ is $40.45, compared to a current price of $47.40 — trading 17.2% above its estimated fair value. The current ROC (Joel Greenblatt) % is 11.23%, which is 22% below median its 10-year median of 14.34 and 330.3% above the Other Energy Sources industry median of 2.61. NACCO Industries' overall GF Score™ is 66/100 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 NACCO Industries (NC), the current ROC (Joel Greenblatt) % is 11.23% 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 NACCO Industries (NC) Overvalued in 2026?
Based on GuruFocus' analysis, NACCO Industries stock appears to be overvalued.
The current stock price of $47.40 is trading 17.2% above its estimated GF Value™ of $40.45.
GuruFocus considers NACCO Industries to be Modestly Overvalued.
Key valuation signals for NC:
ROC (Joel Greenblatt) %: 11.23% (22% below median its 10-year median of 14.34)
GF Value™: $40.45 vs. price of $47.40 (17.2% above fair value)
Industry Position: 330.3% above the Other Energy Sources median (#76 of 183)
No single metric tells the full story. See the NC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NACCO Industries Inc is a holding company that operates in the mining and natural resource industries. It has three operating segments: Utility Coal Mining, Contract Mining, and Minerals and Royalties. The Utility Coal Mining segment, operated by North American Coal, manages surface coal mines that are exclusive, long-term fuel providers for power generation companies. The Contract Mining segment, operated by North American Mining, is a provider of a broad range of specialized, long-term contract mining services. The Minerals and Royalties segment, which includes the Catapult Mineral Partners (Catapult) business, acquires and promotes the development of mineral and royalty interests and other related investments.
66GF Score
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