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Nexa ResourcesNEXA +2.32%60 ROC (Joel Greenblatt) % is 29.04% as of Jun. 2026, which is 244% above its 10-year median of 8.44. GuruFocus rates NEXA with a GF Score™ of 60/100 and a GF Value™ of $9.19 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 2,508 Metals & Mining companies, Nexa Resources ranks better than 88.92% 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. Nexa Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 29.04%.
The historical rank and industry rank for Nexa Resources's ROC (Joel Greenblatt) % or its related term are showing as below:
NEXA'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -19.73 Med: 8.44 Max: 29.29
Current: 29.29
During the past 12 years, Nexa Resources's highest ROC (Joel Greenblatt) % was 29.29%. The lowest was -19.73%. And the median was 8.44%.
NEXA's ROC (Joel Greenblatt) % is ranked better than 88.92% of 2508
companies
in the Metals & Mining industry
Industry Median: -21.92
vs NEXA: 29.29
Nexa Resources'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.
Nexa Resources ROC (Joel Greenblatt) % Related Terms
Nexa Resources ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Nexa Resources'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.
NEXA vs EMAT, TMC, IMC: ROC (Joel Greenblatt) % Comparison
For the Other Industrial Metals & Mining subindustry, Nexa Resources'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.
Nexa Resources ROC (Joel Greenblatt) % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Nexa Resources's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Nexa Resources'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 (Jun. 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 29.04% mean?
Nexa Resources (NEXA) has a ROC (Joel Greenblatt) % of 29.04% as of Jun. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Nexa Resources and its competitors. This is 244% above median its historical median of 8.44. According to the industry distribution chart, Nexa Resources ranks #278 out of 2508 companies in the Metals & Mining industry, placing it in the top 11.1%.
Is Nexa Resources' ROC (Joel Greenblatt) % too high?
Nexa Resources' current ROC (Joel Greenblatt) % of 29.04% is 244% above median its 10-year median of 8.44. Based on the distribution chart, Nexa Resources ranks #278 out of 2508 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Nexa Resources has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nexa Resources' ROC (Joel Greenblatt) % compare to EMAT and TMC?
According to the Metals & Mining industry distribution chart, Nexa Resources ranks #278 out of 2508 companies for ROC (Joel Greenblatt) %. This places Nexa Resources in the top 11% of its industry — outperforming the majority of peers. 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 Metals & Mining company?
A good ROC (Joel Greenblatt) % depends on the Metals & Mining industry context. 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 Nexa Resources and its competitors. Nexa Resources's current ROC (Joel Greenblatt) % is 29.04%, which is 244% above median its own 10-year median of 8.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nexa Resources stock overvalued right now?
Based on GuruFocus' analysis, Nexa Resources (NEXA) is currently considered Significantly Overvalued. The stock's GF Value™ is $9.19, compared to a current price of $14.12 — trading 53.6% above its estimated fair value. The current ROC (Joel Greenblatt) % is 29.04%, which is 244% above median its 10-year median of 8.44. Nexa Resources' overall GF Score™ is 60/100 with 1 warning sign 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 Nexa Resources (NEXA), the current ROC (Joel Greenblatt) % is 29.04% as of Jun. 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 Nexa Resources (NEXA) Overvalued in 2026?
Based on GuruFocus' analysis, Nexa Resources stock appears to be overvalued.
The current stock price of $14.12 is trading 53.6% above its estimated GF Value™ of $9.19.
GuruFocus considers Nexa Resources to be Significantly Overvalued.
Key valuation signals for NEXA:
ROC (Joel Greenblatt) %: 29.04% (244% above median its 10-year median of 8.44)
GF Value™: $9.19 vs. price of $14.12 (53.6% above fair value)
No single metric tells the full story. See the NEXA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nexa Resources SA operate large-scale, mechanized underground and open pit mines, as well as smelters. The company operates through two segments namely Mining and Smelting. Its Mining segment consists of various operating units includes mineral exploration activities and the production of zinc concentrates, copper concentrates and concentrates. The Smelting segment comprises operating units which include facilities recovering and refining zinc metal out of feed materials such as zinc concentrates or secondary feed materials. It generates maximum revenue from the Smelting segment. Geographically It has a presence in Brazil, Peru, the United States of America, Switzerland, Japan, Argentina, South Korea, Colombia, Vietnam, Malaysia and other countries.
60GF Score
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