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NOFNOFCF 89 ROC (Joel Greenblatt) % is 51.51% as of Mar. 2026, which is 49% above its 10-year median of 34.66. GuruFocus rates NOFCF with a GF Score™ of 89/100 and a GF Value™ of $19.18. Among 1,605 Chemicals companies, NOF ranks better than 90.9% 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. NOF's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 51.51%.
The historical rank and industry rank for NOF's ROC (Joel Greenblatt) % or its related term are showing as below:
NOFCF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 26.43 Med: 34.66 Max: 43.72
Current: 37.59
During the past 13 years, NOF's highest ROC (Joel Greenblatt) % was 43.72%. The lowest was 26.43%. And the median was 34.66%.
NOFCF's ROC (Joel Greenblatt) % is ranked better than 90.9% of 1605
companies
in the Chemicals industry
Industry Median: 9.4
vs NOFCF: 37.59
NOF's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -0.10% 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.
The historical data trend for NOF'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.
NOFCF vs LIN, SHW, ECL: ROC (Joel Greenblatt) % Comparison
For the Specialty Chemicals subindustry, NOF'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.
NOF ROC (Joel Greenblatt) % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, NOF's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where NOF'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 51.51% mean?
NOF (NOFCF) has a ROC (Joel Greenblatt) % of 51.51% 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 NOF and its competitors. This is 49% above median its historical median of 34.66. Over the past decade, NOF's ROC (Joel Greenblatt) % has ranged from 26.43 to 43.72. According to the industry distribution chart, NOF ranks #146 out of 1605 companies in the Chemicals industry, placing it in the top 9.1%.
Is NOF's ROC (Joel Greenblatt) % too high?
NOF's current ROC (Joel Greenblatt) % of 51.51% is 49% above median its 10-year median of 34.66. Over the past 10 years, this metric has ranged from a low of 26.43 to a high of 43.72. The Chemicals industry median ROC (Joel Greenblatt) % is 9.40. NOF's value of 51.51% is 448% above this industry median. Based on the distribution chart, NOF ranks #146 out of 1605 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, NOF has a GF Score™ of 89/100, reflecting its overall financial health beyond just this single metric.
How does NOF's ROC (Joel Greenblatt) % compare to LIN and SHW?
According to the Chemicals industry distribution chart, NOF ranks #146 out of 1605 companies for ROC (Joel Greenblatt) %. This places NOF in the top 9% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 9.40. NOF's value of 51.51% is 448% above this benchmark. Historically, NOF's own ROC (Joel Greenblatt) % has ranged from 26.43 to 43.72 over the past decade. While the company's 10-year median is 34.66 vs. the industry median of 9.40, NOF 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 Chemicals company?
The median ROC (Joel Greenblatt) % among Chemicals companies is 9.40, based on 1,605 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. NOF's current ROC (Joel Greenblatt) % of 51.51% is 448% 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 NOF and its competitors. For the Chemicals industry, the median ROC (Joel Greenblatt) % is 9.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NOF's current ROC (Joel Greenblatt) % is 51.51%, which is 49% above median its own 10-year median of 34.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NOF stock overvalued right now?
NOF (NOFCF) has a current ROC (Joel Greenblatt) % of 51.51%. The stock's GF Value™ is $19.18, compared to a current price of $17.86 — trading 6.9% below its estimated fair value. The current ROC (Joel Greenblatt) % is 51.51%, which is 49% above median its 10-year median of 34.66 and 448% above the Chemicals industry median of 9.40. NOF's overall GF Score™ is 89/100. 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 NOF (NOFCF), the current ROC (Joel Greenblatt) % is 51.51% 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 NOF (NOFCF) Overvalued in 2026?
Based on GuruFocus' analysis, NOF stock appears to be undervalued.
The current stock price of $17.86 is trading 6.9% below its estimated GF Value™ of $19.18.
Key valuation signals for NOFCF:
ROC (Joel Greenblatt) %: 51.51% (49% above median its 10-year median of 34.66)
GF Value™: $19.18 vs. price of $17.86 (6.9% below fair value)
Industry Position: 448% above the Chemicals median (#146 of 1605)
No single metric tells the full story. See the NOFCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NOF Corp is engaged in the chemical manufacturing business. The Group has three reportable segments: Functional Chemicals Business, Pharmaceuticals, Medical and Healthcare Business, & Chemicals Business. The Functional Chemicals segment manufactures and sells fatty acids, surfactants, ethylene oxide/propylene oxide derivatives, organic peroxides, petrochemicals, functional polymers, electronic materials, and special rust prevention agents. The Pharmaceuticals, Medical and Healthcare segment produces pharmaceutical and functional food ingredients, health-related products, biocompatible materials, and raw materials for DDS pharmaceutical formulations. The Chemicals segment manufactures and sells industrial explosives, space-related products, defense-related products, and functional products.
89GF Score
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