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NetstreitNTST -1.25%83 ROC (Joel Greenblatt) % is 190.45% as of Mar. 2026, which is 216% above its 10-year median of 60.22. GuruFocus rates NTST with a GF Score™ of 83/100 and a GF Value™ of $19.89 (Fairly Valued). The stock has 9 warning signs investors should review. Among 586 REITs companies, Netstreit ranks worse than 55.46% 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. Netstreit's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 190.45%.
The historical rank and industry rank for Netstreit's ROC (Joel Greenblatt) % or its related term are showing as below:
NTST'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 8.11 Med: 60.22 Max: 148.1
Current: 112.65
During the past 8 years, Netstreit's highest ROC (Joel Greenblatt) % was 148.10%. The lowest was 8.11%. And the median was 60.22%.
NTST's ROC (Joel Greenblatt) % is ranked worse than 55.46% of 586
companies
in the REITs industry
Industry Median: 180.645
vs NTST: 112.65
Netstreit's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 13.30% 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 Netstreit'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.
NTST vs GTY, CBL, ALX: ROC (Joel Greenblatt) % Comparison
For the REIT - Retail subindustry, Netstreit'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.
Netstreit ROC (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, Netstreit's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Netstreit'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 190.45% mean?
Netstreit (NTST) has a ROC (Joel Greenblatt) % of 190.45% 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 Netstreit and its competitors. This is 216% above median its historical median of 60.22. Over the past decade, Netstreit's ROC (Joel Greenblatt) % has ranged from 8.11 to 148.10. According to the industry distribution chart, Netstreit ranks #325 out of 586 companies in the REITs industry, placing it in the top 55.5%.
Is Netstreit's ROC (Joel Greenblatt) % too high?
Netstreit's current ROC (Joel Greenblatt) % of 190.45% is 216% above median its 10-year median of 60.22. Over the past 10 years, this metric has ranged from a low of 8.11 to a high of 148.10. The REITs industry median ROC (Joel Greenblatt) % is 180.65. Netstreit's value of 190.45% is 5.4% above this industry median. Based on the distribution chart, Netstreit ranks #325 out of 586 companies in the REITs industry, which is below the industry midpoint. Overall, Netstreit has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Netstreit's ROC (Joel Greenblatt) % compare to GTY and CBL?
According to the REITs industry distribution chart, Netstreit ranks #325 out of 586 companies for ROC (Joel Greenblatt) %. This places Netstreit in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 180.65. Netstreit's value of 190.45% is 5.4% above this benchmark. Historically, Netstreit's own ROC (Joel Greenblatt) % has ranged from 8.11 to 148.10 over the past decade. While the company's 10-year median is 60.22 vs. the industry median of 180.65, Netstreit 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 REITs company?
The median ROC (Joel Greenblatt) % among REITs companies is 180.65, based on 586 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. Netstreit's current ROC (Joel Greenblatt) % of 190.45% is 5.4% 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 Netstreit and its competitors. For the REITs industry, the median ROC (Joel Greenblatt) % is 180.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Netstreit's current ROC (Joel Greenblatt) % is 190.45%, which is 216% above median its own 10-year median of 60.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Netstreit stock overvalued right now?
Based on GuruFocus' analysis, Netstreit (NTST) is currently considered Fairly Valued. The stock's GF Value™ is $19.89, compared to a current price of $21.40 — trading 7.6% above its estimated fair value. The current ROC (Joel Greenblatt) % is 190.45%, which is 216% above median its 10-year median of 60.22 and 5.4% above the REITs industry median of 180.65. Netstreit's overall GF Score™ is 83/100 with 9 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 Netstreit (NTST), the current ROC (Joel Greenblatt) % is 190.45% 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 Netstreit (NTST) Overvalued in 2026?
Based on GuruFocus' analysis, Netstreit stock appears to be overvalued.
The current stock price of $21.40 is trading 7.6% above its estimated GF Value™ of $19.89.
GuruFocus considers Netstreit to be Fairly Valued.
Key valuation signals for NTST:
ROC (Joel Greenblatt) %: 190.45% (216% above median its 10-year median of 60.22)
GF Value™: $19.89 vs. price of $21.40 (7.6% above fair value)
Industry Position: 5.4% above the REITs median (#325 of 586)
No single metric tells the full story. See the NTST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Netstreit Corp is an internally managed real estate investment trust. The company acquires, owns, and manages single-tenant, retail commercial real estate subject to long-term net leases with high-credit quality tenants across the United States. It focuses on tenants in industries where a physical location is critical to the generation of sales and profits, with a focus on necessity goods and essential services in the retail sector, including home improvement, auto parts, drug stores and pharmacies, general retail, grocers, convenience stores, discount stores, and quick-service restaurants. Majorily operates in U.S. States and Other counties, and derives maximum of revenue from USA.
83GF Score
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