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Nortech SystemsNSYS -1.11%54 ROC (Joel Greenblatt) % is 0.61% as of Mar. 2026, which is 76% below its 10-year median of 2.50. GuruFocus rates NSYS with a GF Score™ of 54/100 and a GF Value™ of $9.23 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 838 Medical Devices & Instruments companies, Nortech Systems ranks better than 54.89% 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. Nortech Systems's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 0.61%.
The historical rank and industry rank for Nortech Systems's ROC (Joel Greenblatt) % or its related term are showing as below:
NSYS'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -4.71 Med: 2.5 Max: 24.19
Current: 7.78
During the past 13 years, Nortech Systems's highest ROC (Joel Greenblatt) % was 24.19%. The lowest was -4.71%. And the median was 2.50%.
NSYS's ROC (Joel Greenblatt) % is ranked better than 54.89% of 838
companies
in the Medical Devices & Instruments industry
Industry Median: 4.145
vs NSYS: 7.78
Nortech Systems's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Nortech Systems (NAS:NSYS) 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.
Nortech Systems ROC (Joel Greenblatt) % Related Terms
Nortech Systems ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Nortech Systems'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.
NSYS vs ELUT, SRTS, MYO: ROC (Joel Greenblatt) % Comparison
For the Medical Devices subindustry, Nortech Systems'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.
Nortech Systems ROC (Joel Greenblatt) % vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Nortech Systems's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Nortech Systems's ROC (Joel Greenblatt) % falls into.
Nortech Systems 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 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 0.61% mean?
Nortech Systems (NSYS) has a ROC (Joel Greenblatt) % of 0.61% 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 Nortech Systems and its competitors. This is 76% below median its historical median of 2.50. According to the industry distribution chart, Nortech Systems ranks #378 out of 838 companies in the Medical Devices & Instruments industry, placing it in the top 45.1%.
Is Nortech Systems' ROC (Joel Greenblatt) % too high?
Nortech Systems' current ROC (Joel Greenblatt) % of 0.61% is 76% below median its 10-year median of 2.50. The Medical Devices & Instruments industry median ROC (Joel Greenblatt) % is 4.15. Nortech Systems' value of 0.61% is 85.3% below this industry median. Based on the distribution chart, Nortech Systems ranks #378 out of 838 companies in the Medical Devices & Instruments industry, which is above the industry midpoint. Overall, Nortech Systems has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nortech Systems' ROC (Joel Greenblatt) % compare to ELUT and SRTS?
According to the Medical Devices & Instruments industry distribution chart, Nortech Systems ranks #378 out of 838 companies for ROC (Joel Greenblatt) %. This puts Nortech Systems in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 4.15. Nortech Systems' value of 0.61% is 85.3% below this benchmark. While the company's 10-year median is 2.50 vs. the industry median of 4.15, Nortech Systems has consistently been below 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 Medical Devices & Instruments company?
The median ROC (Joel Greenblatt) % among Medical Devices & Instruments companies is 4.15, based on 838 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. Nortech Systems's current ROC (Joel Greenblatt) % of 0.61% is 85.3% below 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 Nortech Systems and its competitors. For the Medical Devices & Instruments industry, the median ROC (Joel Greenblatt) % is 4.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nortech Systems's current ROC (Joel Greenblatt) % is 0.61%, which is 76% below median its own 10-year median of 2.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nortech Systems stock overvalued right now?
Based on GuruFocus' analysis, Nortech Systems (NSYS) is currently considered Significantly Overvalued. The stock's GF Value™ is $9.23, compared to a current price of $13.80 — trading 49.5% above its estimated fair value. The current ROC (Joel Greenblatt) % is 0.61%, which is 76% below median its 10-year median of 2.50 and 85.3% below the Medical Devices & Instruments industry median of 4.15. Nortech Systems' overall GF Score™ is 54/100 with 4 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 Nortech Systems (NSYS), the current ROC (Joel Greenblatt) % is 0.61% 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 Nortech Systems (NSYS) Overvalued in 2026?
Based on GuruFocus' analysis, Nortech Systems stock appears to be overvalued.
The current stock price of $13.80 is trading 49.5% above its estimated GF Value™ of $9.23.
GuruFocus considers Nortech Systems to be Significantly Overvalued.
Key valuation signals for NSYS:
ROC (Joel Greenblatt) %: 0.61% (76% below median its 10-year median of 2.50)
GF Value™: $9.23 vs. price of $13.80 (49.5% above fair value)
Industry Position: 85.3% below the Medical Devices & Instruments median (#378 of 838)
No single metric tells the full story. See the NSYS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nortech Systems Inc is a United States-based electronic manufacturing services company. It offers value-added engineering, technical, and manufacturing services and support, including project management, design, testing, prototyping, manufacturing, supply chain management, and post-market services. The company's manufacturing and engineering services include complete medical devices, printed circuit board assemblies, wire and cable assemblies, and complex higher-level electro-mechanical assemblies. It operates in the Medical, Aerospace, Defense, and Industrial markets, with key revenue coming from medical-related markets.
54GF Score
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