NetLink NBN TrustNETLF +1.52%32 ROC (Joel Greenblatt) % is 3.52% as of Mar. 2026, which is 6% above its 10-year median of 3.33. GuruFocus rates NETLF with a GF Score™ of 32/100 and a GF Value™ of $0.68 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 369 Telecommunication Services companies, NetLink NBN Trust ranks worse than 72.9% 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. NetLink NBN Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 3.52%.
The historical rank and industry rank for NetLink NBN Trust's ROC (Joel Greenblatt) % or its related term are showing as below:
NETLF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.64 Med: 3.33 Max: 4.93
Current: 3.78
During the past 11 years, NetLink NBN Trust's highest ROC (Joel Greenblatt) % was 4.93%. The lowest was 1.64%. And the median was 3.33%.
NETLF's ROC (Joel Greenblatt) % is ranked worse than 72.9% of 369
companies
in the Telecommunication Services industry
Industry Median: 14.98
vs NETLF: 3.78
NetLink NBN Trust's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 4.90% 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.
NetLink NBN Trust ROC (Joel Greenblatt) % Related Terms
NetLink NBN Trust ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for NetLink NBN Trust'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.
NETLF vs TMUS, VZ, T: ROC (Joel Greenblatt) % Comparison
For the Telecom Services subindustry, NetLink NBN Trust'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.
NetLink NBN Trust ROC (Joel Greenblatt) % vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, NetLink NBN Trust's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where NetLink NBN Trust'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 (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 3.52% mean?
NetLink NBN Trust (NETLF) has a ROC (Joel Greenblatt) % of 3.52% 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 NetLink NBN Trust and its competitors. This is near median its historical median of 3.33. Over the past decade, NetLink NBN Trust's ROC (Joel Greenblatt) % has ranged from 1.64 to 4.93. According to the industry distribution chart, NetLink NBN Trust ranks #269 out of 369 companies in the Telecommunication Services industry, placing it in the top 72.9%.
Is NetLink NBN Trust's ROC (Joel Greenblatt) % too high?
NetLink NBN Trust's current ROC (Joel Greenblatt) % of 3.52% is near median its 10-year median of 3.33. Over the past 10 years, this metric has ranged from a low of 1.64 to a high of 4.93. The Telecommunication Services industry median ROC (Joel Greenblatt) % is 14.98. NetLink NBN Trust's value of 3.52% is 76.5% below this industry median. Based on the distribution chart, NetLink NBN Trust ranks #269 out of 369 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, NetLink NBN Trust has a GF Score™ of 32/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NetLink NBN Trust's ROC (Joel Greenblatt) % compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, NetLink NBN Trust ranks #269 out of 369 companies for ROC (Joel Greenblatt) %. This places NetLink NBN Trust in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 14.98. NetLink NBN Trust's value of 3.52% is 76.5% below this benchmark. Historically, NetLink NBN Trust's own ROC (Joel Greenblatt) % has ranged from 1.64 to 4.93 over the past decade. While the company's 10-year median is 3.33 vs. the industry median of 14.98, NetLink NBN Trust 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 Telecommunication Services company?
The median ROC (Joel Greenblatt) % among Telecommunication Services companies is 14.98, based on 369 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. NetLink NBN Trust's current ROC (Joel Greenblatt) % of 3.52% is 76.5% 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 NetLink NBN Trust and its competitors. For the Telecommunication Services industry, the median ROC (Joel Greenblatt) % is 14.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NetLink NBN Trust's current ROC (Joel Greenblatt) % is 3.52%, which is near median its own 10-year median of 3.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NetLink NBN Trust stock overvalued right now?
Based on GuruFocus' analysis, NetLink NBN Trust (NETLF) is currently considered Modestly Overvalued. The stock's GF Value™ is $0.68, compared to a current price of $0.77 — trading 13.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 3.52%, which is near median its 10-year median of 3.33 and 76.5% below the Telecommunication Services industry median of 14.98. NetLink NBN Trust's overall GF Score™ is 32/100 with 9 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 NetLink NBN Trust (NETLF), the current ROC (Joel Greenblatt) % is 3.52% 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 NetLink NBN Trust (NETLF) Overvalued in 2026?
Based on GuruFocus' analysis, NetLink NBN Trust stock appears to be overvalued.
The current stock price of $0.77 is trading 13.1% above its estimated GF Value™ of $0.68.
GuruFocus considers NetLink NBN Trust to be Modestly Overvalued.
Key valuation signals for NETLF:
ROC (Joel Greenblatt) %: 3.52% (near median its 10-year median of 3.33)
GF Value™: $0.68 vs. price of $0.77 (13.1% above fair value)
Industry Position: 76.5% below the Telecommunication Services median (#269 of 369)
No single metric tells the full story. See the NETLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NetLink NBN Trust is a national provider of internet service. It designs, builds, owns, and operates network infrastructure comprising ducts, manholes, and fiber cables. Its non-building address point (NBAP) applications include infrastructure for telecommunications operators such as wireless network base stations, cameras, sensors, signage, and outdoor kiosks. The company generates the majority of its revenue from Installation-related revenue and Ancillary project revenue. The company operates in Singapore, the USA, the UK, and the rest of the World.
32GF Score
Get the complete analysis for NETLF
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NETLF has been successfully added to your 
