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Norsk Titanium ASNORSF 78 ROC (Joel Greenblatt) % is -292.72% as of Dec. 2025. GuruFocus rates NORSF with a GF Score™ of 78/100 and a GF Value™ of $0.10 (Fairly Valued). The stock has 7 warning signs investors should review. Among 359 Aerospace & Defense companies, Norsk Titanium AS ranks worse than 94.71% 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. Norsk Titanium AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -292.72%.
The historical rank and industry rank for Norsk Titanium AS's ROC (Joel Greenblatt) % or its related term are showing as below:
NORSF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -616.1 Med: -403.55 Max: -152.04
Current: -545.03
During the past 8 years, Norsk Titanium AS's highest ROC (Joel Greenblatt) % was -152.04%. The lowest was -616.10%. And the median was -403.55%.
NORSF's ROC (Joel Greenblatt) % is ranked worse than 94.71% of 359
companies
in the Aerospace & Defense industry
Industry Median: 10.68
vs NORSF: -545.03
Norsk Titanium AS's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -1.10% per year.
Norsk Titanium AS (OTCPK:NORSF) 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.
Norsk Titanium AS ROC (Joel Greenblatt) % Related Terms
Norsk Titanium AS ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Norsk Titanium AS'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.
NORSF vs SPCX, GE, RTX: ROC (Joel Greenblatt) % Comparison
For the Aerospace & Defense subindustry, Norsk Titanium AS'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.
Norsk Titanium AS ROC (Joel Greenblatt) % vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Norsk Titanium AS's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Norsk Titanium AS's ROC (Joel Greenblatt) % falls into.
Norsk Titanium AS ROC (Joel Greenblatt) % Calculation
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 two times the semi-annual (Dec. 2025) 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 -292.72% mean?
Norsk Titanium AS (NORSF) has a ROC (Joel Greenblatt) % of -292.72% as of Dec. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Norsk Titanium AS and its competitors. According to the industry distribution chart, Norsk Titanium AS ranks #340 out of 359 companies in the Aerospace & Defense industry, placing it in the top 94.7%.
Is Norsk Titanium AS's ROC (Joel Greenblatt) % too high?
Norsk Titanium AS's current ROC (Joel Greenblatt) % is -292.72%. Based on the distribution chart, Norsk Titanium AS ranks #340 out of 359 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, Norsk Titanium AS has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Norsk Titanium AS's ROC (Joel Greenblatt) % compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Norsk Titanium AS ranks #340 out of 359 companies for ROC (Joel Greenblatt) %. This places Norsk Titanium AS in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 10.68. 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 Aerospace & Defense company?
The median ROC (Joel Greenblatt) % among Aerospace & Defense companies is 10.68, based on 359 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 Norsk Titanium AS and its competitors. For the Aerospace & Defense industry, the median ROC (Joel Greenblatt) % is 10.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Norsk Titanium AS's current ROC (Joel Greenblatt) % is -292.72%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Norsk Titanium AS stock overvalued right now?
Based on GuruFocus' analysis, Norsk Titanium AS (NORSF) is currently considered Fairly Valued. The stock's GF Value™ is $0.10, compared to a current price of $0.10 — trading 4.7% below its estimated fair value. The current ROC (Joel Greenblatt) % is -292.72%. Norsk Titanium AS's overall GF Score™ is 78/100 with 7 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 Norsk Titanium AS (NORSF), the current ROC (Joel Greenblatt) % is -292.72% as of Dec. 2025. 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 Norsk Titanium AS (NORSF) Overvalued in 2026?
Based on GuruFocus' analysis, Norsk Titanium AS stock appears to be undervalued.
The current stock price of $0.10 is trading 4.7% below its estimated GF Value™ of $0.10.
GuruFocus considers Norsk Titanium AS to be Fairly Valued.
Key valuation signals for NORSF:
ROC (Joel Greenblatt) %: -292.72%
GF Value™: $0.10 vs. price of $0.10 (4.7% below fair value)
No single metric tells the full story. See the NORSF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Norsk Titanium AS is in metal 3D printing. The company uses its proprietary Rapid Plasma Deposition (RPD) technology for cost-efficient 3D printing of metal alloys. This technology enables the production of value-added parts that are suitable for a large market. The company's focus is on high-end structural applications that require the use of titanium parts, which offer substantial benefits compared to traditional materials and production methods. The company caters to high-complexity markets such as commercial aerospace and defense, which allows it to deliver value propositions and position itself for expansion into other markets. Geographically, the company generates revenue from Norway, Europe, and the USA.
78GF Score
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