Nexstar Media GroupNXST -1.44%84 ROC (Joel Greenblatt) % is 47.72% as of Mar. 2026, which is 31% below its 10-year median of 69.38. GuruFocus rates NXST with a GF Score™ of 84/100 and a GF Value™ of $224.86 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,017 Media - Diversified companies, Nexstar Media Group ranks better than 67.16% 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. Nexstar Media Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 47.72%.
The historical rank and industry rank for Nexstar Media Group's ROC (Joel Greenblatt) % or its related term are showing as below:
NXST'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 29.44 Med: 69.38 Max: 80.88
Current: 29.44
During the past 13 years, Nexstar Media Group's highest ROC (Joel Greenblatt) % was 80.88%. The lowest was 29.44%. And the median was 69.38%.
NXST's ROC (Joel Greenblatt) % is ranked better than 67.16% of 1017
companies
in the Media - Diversified industry
Industry Median: 9.36
vs NXST: 29.44
Nexstar Media Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -13.40% per year.
Nexstar Media Group (NAS:NXST) 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.
Nexstar Media Group ROC (Joel Greenblatt) % Related Terms
Nexstar Media Group ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Nexstar Media Group'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.
NXST vs SBGI, NMAX, IHRT: ROC (Joel Greenblatt) % Comparison
For the Broadcasting subindustry, Nexstar Media Group'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.
Nexstar Media Group ROC (Joel Greenblatt) % vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Nexstar Media Group's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Nexstar Media Group's ROC (Joel Greenblatt) % falls into.
Nexstar Media Group 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 47.72% mean?
Nexstar Media Group (NXST) has a ROC (Joel Greenblatt) % of 47.72% 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 Nexstar Media Group and its competitors. This is 31% below median its historical median of 69.38. Over the past decade, Nexstar Media Group's ROC (Joel Greenblatt) % has ranged from 29.44 to 80.88. According to the industry distribution chart, Nexstar Media Group ranks #334 out of 1017 companies in the Media - Diversified industry, placing it in the top 32.8%.
Is Nexstar Media Group's ROC (Joel Greenblatt) % too high?
Nexstar Media Group's current ROC (Joel Greenblatt) % of 47.72% is 31% below median its 10-year median of 69.38. Over the past 10 years, this metric has ranged from a low of 29.44 to a high of 80.88. The Media - Diversified industry median ROC (Joel Greenblatt) % is 9.36. Nexstar Media Group's value of 47.72% is 409.8% above this industry median. Based on the distribution chart, Nexstar Media Group ranks #334 out of 1017 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, Nexstar Media Group has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nexstar Media Group's ROC (Joel Greenblatt) % compare to SBGI and NMAX?
According to the Media - Diversified industry distribution chart, Nexstar Media Group ranks #334 out of 1017 companies for ROC (Joel Greenblatt) %. This puts Nexstar Media Group in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 9.36. Nexstar Media Group's value of 47.72% is 409.8% above this benchmark. Historically, Nexstar Media Group's own ROC (Joel Greenblatt) % has ranged from 29.44 to 80.88 over the past decade. While the company's 10-year median is 69.38 vs. the industry median of 9.36, Nexstar Media Group 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 Media - Diversified company?
The median ROC (Joel Greenblatt) % among Media - Diversified companies is 9.36, based on 1,017 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. Nexstar Media Group's current ROC (Joel Greenblatt) % of 47.72% is 409.8% 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 Nexstar Media Group and its competitors. For the Media - Diversified industry, the median ROC (Joel Greenblatt) % is 9.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nexstar Media Group's current ROC (Joel Greenblatt) % is 47.72%, which is 31% below median its own 10-year median of 69.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nexstar Media Group stock overvalued right now?
Based on GuruFocus' analysis, Nexstar Media Group (NXST) is currently considered Modestly Undervalued. The stock's GF Value™ is $224.86, compared to a current price of $173.95 — trading 22.6% below its estimated fair value. The current ROC (Joel Greenblatt) % is 47.72%, which is 31% below median its 10-year median of 69.38 and 409.8% above the Media - Diversified industry median of 9.36. Nexstar Media Group's overall GF Score™ is 84/100 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 Nexstar Media Group (NXST), the current ROC (Joel Greenblatt) % is 47.72% 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 Nexstar Media Group (NXST) Overvalued in 2026?
Based on GuruFocus' analysis, Nexstar Media Group stock appears to be undervalued.
The current stock price of $173.95 is trading 22.6% below its estimated GF Value™ of $224.86.
GuruFocus considers Nexstar Media Group to be Modestly Undervalued.
Key valuation signals for NXST:
ROC (Joel Greenblatt) %: 47.72% (31% below median its 10-year median of 69.38)
GF Value™: $224.86 vs. price of $173.95 (22.6% below fair value)
Industry Position: 409.8% above the Media - Diversified median (#334 of 1017)
No single metric tells the full story. See the NXST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nexstar is the largest television station owner-operator in the United States with over 200 stations in 116 markets, reaching 220 million people. Of its 200 stations, 155 are affiliated with the four national broadcast networks: CBS, Fox, NBC, and ABC. Assuming its merger with Tegna is affirmed Nexstar's station total would exceed 259 and reach 80% of the US population. Nexstar also owns NewsNation (formerly WGN), a cable news network, 75% of the fifth national broadcaster, the CW, and a 31% stake in Food Network and Cooking Channel.
84GF Score
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