NLI HoldingsNL +1.36%67 ROC (Joel Greenblatt) % is 45.25% as of Mar. 2026, which is 28% below its 10-year median of 62.95. GuruFocus rates NL with a GF Score™ of 67/100 and a GF Value™ of $6.39 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,080 Business Services companies, NLI Holdings ranks worse than 90.83% 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. NLI Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 45.25%.
The historical rank and industry rank for NLI Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
NL'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -144.13 Med: 62.95 Max: 291.65
Current: -76.18
During the past 13 years, NLI Holdings's highest ROC (Joel Greenblatt) % was 291.65%. The lowest was -144.13%. And the median was 62.95%.
NL's ROC (Joel Greenblatt) % is ranked worse than 90.83% of 1080
companies
in the Business Services industry
Industry Median: 20.865
vs NL: -76.18
NLI Holdings'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.
NLI Holdings ROC (Joel Greenblatt) % Related Terms
NLI Holdings ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for NLI Holdings'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.
NL vs CIX, BAER, YOOV: ROC (Joel Greenblatt) % Comparison
For the Security & Protection Services subindustry, NLI Holdings'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.
NLI Holdings ROC (Joel Greenblatt) % vs Business Services Industry
For the Business Services industry and Industrials sector, NLI Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where NLI Holdings'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 45.25% mean?
NLI Holdings (NL) has a ROC (Joel Greenblatt) % of 45.25% 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 NLI Holdings and its competitors. This is 28% below median its historical median of 62.95. According to the industry distribution chart, NLI Holdings ranks #981 out of 1080 companies in the Business Services industry, placing it in the top 90.8%.
Is NLI Holdings' ROC (Joel Greenblatt) % too high?
NLI Holdings' current ROC (Joel Greenblatt) % of 45.25% is 28% below median its 10-year median of 62.95. The Business Services industry median ROC (Joel Greenblatt) % is 20.87. NLI Holdings' value of 45.25% is 116.9% above this industry median. Based on the distribution chart, NLI Holdings ranks #981 out of 1080 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, NLI Holdings has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NLI Holdings' ROC (Joel Greenblatt) % compare to CIX and BAER?
According to the Business Services industry distribution chart, NLI Holdings ranks #981 out of 1080 companies for ROC (Joel Greenblatt) %. This places NLI Holdings in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 20.87. NLI Holdings' value of 45.25% is 116.9% above this benchmark. While the company's 10-year median is 62.95 vs. the industry median of 20.87, NLI Holdings 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 a Business Services company?
The median ROC (Joel Greenblatt) % among Business Services companies is 20.87, based on 1,080 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. NLI Holdings's current ROC (Joel Greenblatt) % of 45.25% is 116.9% 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 NLI Holdings and its competitors. For the Business Services industry, the median ROC (Joel Greenblatt) % is 20.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NLI Holdings's current ROC (Joel Greenblatt) % is 45.25%, which is 28% below median its own 10-year median of 62.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NLI Holdings stock overvalued right now?
Based on GuruFocus' analysis, NLI Holdings (NL) is currently considered Fairly Valued. The stock's GF Value™ is $6.39, compared to a current price of $5.96 — trading 6.7% below its estimated fair value. The current ROC (Joel Greenblatt) % is 45.25%, which is 28% below median its 10-year median of 62.95 and 116.9% above the Business Services industry median of 20.87. NLI Holdings' overall GF Score™ is 67/100 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 NLI Holdings (NL), the current ROC (Joel Greenblatt) % is 45.25% 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 NLI Holdings (NL) Overvalued in 2026?
Based on GuruFocus' analysis, NLI Holdings stock appears to be undervalued.
The current stock price of $5.96 is trading 6.7% below its estimated GF Value™ of $6.39.
GuruFocus considers NLI Holdings to be Fairly Valued.
Key valuation signals for NL:
ROC (Joel Greenblatt) %: 45.25% (28% below median its 10-year median of 62.95)
GF Value™: $6.39 vs. price of $5.96 (6.7% below fair value)
Industry Position: 116.9% above the Business Services median (#981 of 1080)
No single metric tells the full story. See the NL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NLI Holdings Inc, formerly known as NL Industries Inc, is a holding company that operates in the component products industry. Through its subsidiary, it manufactures engineered components that are sold to a range of industries, including recreational transportation, postal, office and institutional furniture, cabinetry, tool storage, healthcare, gas stations and vending equipment. It also produces a precision ball bearing slide, security products, and ergonomic computer support systems. The company derives majority of its revenue from Europe.
67GF Score
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