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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. NEXTAGE Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2026 was 0.00%.
The historical rank and industry rank for NEXTAGE Co's ROC (Joel Greenblatt) % or its related term are showing as below:
NGO:3186'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 9.61 Med: 15.06 Max: 23.19
Current: 15.19
During the past 13 years, NEXTAGE Co's highest ROC (Joel Greenblatt) % was 23.19%. The lowest was 9.61%. And the median was 15.06%.
NGO:3186's ROC (Joel Greenblatt) % is ranked better than 58.98% of 1331
companies
in the Vehicles & Parts industry
Industry Median: 12.03
vs NGO:3186: 15.19
NEXTAGE Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -7.60% per year.
NEXTAGE Co (NGO:3186) 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.
NEXTAGE Co ROC (Joel Greenblatt) % Historical Data
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The historical data trend for NEXTAGE 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.
NGO:3186 vs CVNA, PAG, KMX: ROC (Joel Greenblatt) % Comparison
For the Auto & Truck Dealerships subindustry, NEXTAGE 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.
NEXTAGE Co ROC (Joel Greenblatt) % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, NEXTAGE Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where NEXTAGE 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 (May. 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 0.00% mean?
NEXTAGE Co (NGO:3186) has a ROC (Joel Greenblatt) % of 0.00% as of May. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on NEXTAGE Co and its competitors. Over the past decade, NEXTAGE Co's ROC (Joel Greenblatt) % has ranged from 9.61 to 23.19. According to the industry distribution chart, NEXTAGE Co ranks #546 out of 1331 companies in the Vehicles & Parts industry, placing it in the top 41%.
Is NEXTAGE Co's ROC (Joel Greenblatt) % too high?
NEXTAGE Co's current ROC (Joel Greenblatt) % is 0.00%. Over the past 10 years, this metric has ranged from a low of 9.61 to a high of 23.19. Based on the distribution chart, NEXTAGE Co ranks #546 out of 1331 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, NEXTAGE Co has a GF Score™ of 90/100, reflecting its overall financial health beyond just this single metric.
How does NEXTAGE Co's ROC (Joel Greenblatt) % compare to CVNA and PAG?
According to the Vehicles & Parts industry distribution chart, NEXTAGE Co ranks #546 out of 1331 companies for ROC (Joel Greenblatt) %. This puts NEXTAGE Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 12.03. Historically, NEXTAGE Co's own ROC (Joel Greenblatt) % has ranged from 9.61 to 23.19 over the past decade. 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 Vehicles & Parts company?
The median ROC (Joel Greenblatt) % among Vehicles & Parts companies is 12.03, based on 1,331 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 NEXTAGE Co and its competitors. For the Vehicles & Parts industry, the median ROC (Joel Greenblatt) % is 12.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NEXTAGE Co's current ROC (Joel Greenblatt) % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NEXTAGE Co stock overvalued right now?
NEXTAGE Co (NGO:3186) has a current ROC (Joel Greenblatt) % of 0.00%. The stock's GF Value™ is 円2,661.24, compared to a current price of 円3,430.00 — trading 28.9% above its estimated fair value. The current ROC (Joel Greenblatt) % is 0.00%. NEXTAGE Co's overall GF Score™ is 90/100 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 NEXTAGE Co (NGO:3186), the current ROC (Joel Greenblatt) % is 0.00% as of May. 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 NEXTAGE Co (NGO:3186) Overvalued in 2026?
Based on GuruFocus' analysis, NEXTAGE Co stock appears to be overvalued.
The current stock price of 円3,430.00 is trading 28.9% above its estimated GF Value™ of 円2,661.24.
Key valuation signals for NGO:3186:
ROC (Joel Greenblatt) %: 0.00%
GF Value™: 円2,661.24 vs. price of 円3,430.00 (28.9% above fair value)
No single metric tells the full story. See the NGO:3186 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NEXTAGE Co Ltd is principally engaged in the dealing of used cars. It is primarily involved in operation, maintenance, insurance agency and automobile dealing of retails used domestic cars as well as sells imported cars and SUV/vans. In addition, the company operates an automobile maintenance business.
90GF Score
Get the complete analysis for NGO:3186
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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