Nestle NigeriaNSA:NESTLE 76 ROC (Joel Greenblatt) % is 72.56% as of Mar. 2026, which is 2% above its 10-year median of 70.91. GuruFocus rates NSA:NESTLE with a GF Score™ of 76/100 and a GF Value™ of ₦2,157.50 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,969 Consumer Packaged Goods companies, Nestle Nigeria ranks better than 91.06% 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. Nestle Nigeria's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 72.56%.
The historical rank and industry rank for Nestle Nigeria's ROC (Joel Greenblatt) % or its related term are showing as below:
NSA:NESTLE'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -44.85 Med: 70.91 Max: 93.36
Current: 55.41
During the past 13 years, Nestle Nigeria's highest ROC (Joel Greenblatt) % was 93.36%. The lowest was -44.85%. And the median was 70.91%.
NSA:NESTLE's ROC (Joel Greenblatt) % is ranked better than 91.06% of 1969
companies
in the Consumer Packaged Goods industry
Industry Median: 11.99
vs NSA:NESTLE: 55.41
Nestle Nigeria'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.
Nestle Nigeria ROC (Joel Greenblatt) % Related Terms
Nestle Nigeria ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Nestle Nigeria'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.
NSA:NESTLE vs KHC, GIS, HRL: ROC (Joel Greenblatt) % Comparison
For the Packaged Foods subindustry, Nestle Nigeria'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.
Nestle Nigeria ROC (Joel Greenblatt) % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Nestle Nigeria's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Nestle Nigeria'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 72.56% mean?
Nestle Nigeria (NSA:NESTLE) has a ROC (Joel Greenblatt) % of 72.56% 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 Nestle Nigeria and its competitors. This is near median its historical median of 70.91. According to the industry distribution chart, Nestle Nigeria ranks #176 out of 1969 companies in the Consumer Packaged Goods industry, placing it in the top 8.9%.
Is Nestle Nigeria's ROC (Joel Greenblatt) % too high?
Nestle Nigeria's current ROC (Joel Greenblatt) % of 72.56% is near median its 10-year median of 70.91. The Consumer Packaged Goods industry median ROC (Joel Greenblatt) % is 11.99. Nestle Nigeria's value of 72.56% is 505.2% above this industry median. Based on the distribution chart, Nestle Nigeria ranks #176 out of 1969 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Nestle Nigeria has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nestle Nigeria's ROC (Joel Greenblatt) % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Nestle Nigeria ranks #176 out of 1969 companies for ROC (Joel Greenblatt) %. This places Nestle Nigeria in the top 9% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.99. Nestle Nigeria's value of 72.56% is 505.2% above this benchmark. While the company's 10-year median is 70.91 vs. the industry median of 11.99, Nestle Nigeria 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 Consumer Packaged Goods company?
The median ROC (Joel Greenblatt) % among Consumer Packaged Goods companies is 11.99, based on 1,969 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. Nestle Nigeria's current ROC (Joel Greenblatt) % of 72.56% is 505.2% 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 Nestle Nigeria and its competitors. For the Consumer Packaged Goods industry, the median ROC (Joel Greenblatt) % is 11.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nestle Nigeria's current ROC (Joel Greenblatt) % is 72.56%, which is near median its own 10-year median of 70.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nestle Nigeria stock overvalued right now?
Based on GuruFocus' analysis, Nestle Nigeria (NSA:NESTLE) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦2,157.50, compared to a current price of ₦3,125.00 — trading 44.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is 72.56%, which is near median its 10-year median of 70.91 and 505.2% above the Consumer Packaged Goods industry median of 11.99. Nestle Nigeria's overall GF Score™ is 76/100 with 8 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 Nestle Nigeria (NSA:NESTLE), the current ROC (Joel Greenblatt) % is 72.56% 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 Nestle Nigeria (NSA:NESTLE) Overvalued in 2026?
Based on GuruFocus' analysis, Nestle Nigeria stock appears to be overvalued.
The current stock price of ₦3,125.00 is trading 44.8% above its estimated GF Value™ of ₦2,157.50.
GuruFocus considers Nestle Nigeria to be Significantly Overvalued.
Key valuation signals for NSA:NESTLE:
ROC (Joel Greenblatt) %: 72.56% (near median its 10-year median of 70.91)
GF Value™: ₦2,157.50 vs. price of ₦3,125.00 (44.8% above fair value)
Industry Position: 505.2% above the Consumer Packaged Goods median (#176 of 1969)
No single metric tells the full story. See the NSA:NESTLE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nestle Nigeria PLC is a food and beverage company. It is involved in the business of manufacturing, marketing, and distribution of food products. The firm has categorized its products into Baby foods, Coffee, Culinary, Dairy, Drinks, and Recipes. It develops and markets its products under brands such as Cerelac, Nescafe, Nido, Maggi, Milo, etc. The company has Food and Beverage reportable segments. The Food segment engaged in the production and sale of Maggi, Cerelac, SMA, Nan, Lactogen, and Golden Morn. The Beverage segment consists of the production and sale of Milo, Chocomilo, Nido, Nescafe, Milo ready-to-drink, and Nestle Pure Life. The Food segment generates the majority of the revenue. Geographically, the majority of the revenue is generated from Nigeria.
76GF Score
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