NEXON CoNEXOF -11.39%82 ROC (Joel Greenblatt) % is 83.11% as of Mar. 2026, which is 83% above its 10-year median of 45.46. GuruFocus rates NEXOF with a GF Score™ of 82/100 and a GF Value™ of $23.15 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 550 Interactive Media companies, NEXON Co ranks better than 62% 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. NEXON Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 83.11%.
The historical rank and industry rank for NEXON Co's ROC (Joel Greenblatt) % or its related term are showing as below:
NEXOF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 29.58 Med: 45.46 Max: 85.01
Current: 61.52
During the past 13 years, NEXON Co's highest ROC (Joel Greenblatt) % was 85.01%. The lowest was 29.58%. And the median was 45.46%.
NEXOF's ROC (Joel Greenblatt) % is ranked better than 62% of 550
companies
in the Interactive Media industry
Industry Median: 19.35
vs NEXOF: 61.52
NEXON Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -1.10% per year.
NEXON Co (OTCPK:NEXOF) ROC (Joel Greenblatt) % Explanation
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 NEXON Co'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.
NEXOF vs NTES, EA, TTWO: ROC (Joel Greenblatt) % Comparison
For the Electronic Gaming & Multimedia subindustry, NEXON Co'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.
NEXON Co ROC (Joel Greenblatt) % vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, NEXON Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where NEXON Co'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 83.11% mean?
NEXON Co (NEXOF) has a ROC (Joel Greenblatt) % of 83.11% 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 NEXON Co and its competitors. This is 83% above median its historical median of 45.46. Over the past decade, NEXON Co's ROC (Joel Greenblatt) % has ranged from 29.58 to 85.01. According to the industry distribution chart, NEXON Co ranks #209 out of 550 companies in the Interactive Media industry, placing it in the top 38%.
Is NEXON Co's ROC (Joel Greenblatt) % too high?
NEXON Co's current ROC (Joel Greenblatt) % of 83.11% is 83% above median its 10-year median of 45.46. Over the past 10 years, this metric has ranged from a low of 29.58 to a high of 85.01. The Interactive Media industry median ROC (Joel Greenblatt) % is 19.35. NEXON Co's value of 83.11% is 329.5% above this industry median. Based on the distribution chart, NEXON Co ranks #209 out of 550 companies in the Interactive Media industry, which is above the industry midpoint. Overall, NEXON Co has a GF Score™ of 82/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does NEXON Co's ROC (Joel Greenblatt) % compare to NTES and EA?
According to the Interactive Media industry distribution chart, NEXON Co ranks #209 out of 550 companies for ROC (Joel Greenblatt) %. This puts NEXON Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 19.35. NEXON Co's value of 83.11% is 329.5% above this benchmark. Historically, NEXON Co's own ROC (Joel Greenblatt) % has ranged from 29.58 to 85.01 over the past decade. While the company's 10-year median is 45.46 vs. the industry median of 19.35, NEXON Co 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 Interactive Media company?
The median ROC (Joel Greenblatt) % among Interactive Media companies is 19.35, based on 550 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. NEXON Co's current ROC (Joel Greenblatt) % of 83.11% is 329.5% 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 NEXON Co and its competitors. For the Interactive Media industry, the median ROC (Joel Greenblatt) % is 19.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NEXON Co's current ROC (Joel Greenblatt) % is 83.11%, which is 83% above median its own 10-year median of 45.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NEXON Co stock overvalued right now?
Based on GuruFocus' analysis, NEXON Co (NEXOF) is currently considered Significantly Undervalued. The stock's GF Value™ is $23.15, compared to a current price of $14.13 — trading 38.9% below its estimated fair value. The current ROC (Joel Greenblatt) % is 83.11%, which is 83% above median its 10-year median of 45.46 and 329.5% above the Interactive Media industry median of 19.35. NEXON Co's overall GF Score™ is 82/100 with 2 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 NEXON Co (NEXOF), the current ROC (Joel Greenblatt) % is 83.11% 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 NEXON Co (NEXOF) Overvalued in 2026?
Based on GuruFocus' analysis, NEXON Co stock appears to be undervalued.
The current stock price of $14.13 is trading 38.9% below its estimated GF Value™ of $23.15.
GuruFocus considers NEXON Co to be Significantly Undervalued.
Key valuation signals for NEXOF:
ROC (Joel Greenblatt) %: 83.11% (83% above median its 10-year median of 45.46)
GF Value™: $23.15 vs. price of $14.13 (38.9% below fair value)
Industry Position: 329.5% above the Interactive Media median (#209 of 550)
No single metric tells the full story. See the NEXOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nexon is a South Korean online game developer and publisher, founded in 1994 in Korea by Kim Jung-ju. In 2005, the company moved its headquarters to Tokyo, Japan, and has operations in Korea, the US, Taiwan, and Thailand. The company's most notable franchises are MapleStory, Dungeon & Fighter, Sudden Attack, and KartRider. Nexon has been the publisher for EA's FC Online game franchise in Korea and Japan since 2013. Nexon acquired an independent game developer, Embark Studios AB, located in Stockholm, Sweden, in 2019.
82GF Score
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