Global Ferronickel HoldingsPHS:FNI +2.87%77 ROC (Joel Greenblatt) % is 32.01% as of Mar. 2026, which is 9% below its 10-year median of 35.22. GuruFocus rates PHS:FNI with a GF Score™ of 77/100 and a GF Value™ of ₱1.73 (Fairly Valued). The stock has 4 warning signs investors should review. Among 2,500 Metals & Mining companies, Global Ferronickel Holdings ranks better than 91.32% 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. Global Ferronickel Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 32.01%.
The historical rank and industry rank for Global Ferronickel Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
PHS:FNI'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.12 Med: 35.22 Max: 62.79
Current: 32.21
During the past 13 years, Global Ferronickel Holdings's highest ROC (Joel Greenblatt) % was 62.79%. The lowest was 4.12%. And the median was 35.22%.
PHS:FNI's ROC (Joel Greenblatt) % is ranked better than 91.32% of 2500
companies
in the Metals & Mining industry
Industry Median: -22.14
vs PHS:FNI: 32.21
Global Ferronickel Holdings (PHS:FNI) 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.
* 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.
Global Ferronickel Holdings ROC (Joel Greenblatt) % Chart
Global Ferronickel Holdings ROC (Joel Greenblatt) % Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Global Ferronickel Holdings'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.
Global Ferronickel Holdings ROC (Joel Greenblatt) % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Global Ferronickel Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Global Ferronickel Holdings's ROC (Joel Greenblatt) % falls into.
Global Ferronickel Holdings 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 32.01% mean?
Global Ferronickel Holdings (PHS:FNI) has a ROC (Joel Greenblatt) % of 32.01% 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 Global Ferronickel Holdings and its competitors. This is near median its historical median of 35.22. Over the past decade, Global Ferronickel Holdings' ROC (Joel Greenblatt) % has ranged from 4.12 to 62.79. According to the industry distribution chart, Global Ferronickel Holdings ranks #217 out of 2500 companies in the Metals & Mining industry, placing it in the top 8.7%.
Is Global Ferronickel Holdings' ROC (Joel Greenblatt) % too high?
Global Ferronickel Holdings' current ROC (Joel Greenblatt) % of 32.01% is near median its 10-year median of 35.22. Over the past 10 years, this metric has ranged from a low of 4.12 to a high of 62.79. Based on the distribution chart, Global Ferronickel Holdings ranks #217 out of 2500 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Global Ferronickel Holdings has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Global Ferronickel Holdings' ROC (Joel Greenblatt) % compare to competitors?
According to the Metals & Mining industry distribution chart, Global Ferronickel Holdings ranks #217 out of 2500 companies for ROC (Joel Greenblatt) %. This places Global Ferronickel Holdings in the top 9% of its industry — outperforming the majority of peers. Historically, Global Ferronickel Holdings' own ROC (Joel Greenblatt) % has ranged from 4.12 to 62.79 over the past decade. 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 Metals & Mining company?
A good ROC (Joel Greenblatt) % depends on the Metals & Mining industry context. 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 Global Ferronickel Holdings and its competitors. Global Ferronickel Holdings's current ROC (Joel Greenblatt) % is 32.01%, which is near median its own 10-year median of 35.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Global Ferronickel Holdings stock overvalued right now?
Based on GuruFocus' analysis, Global Ferronickel Holdings (PHS:FNI) is currently considered Fairly Valued. The stock's GF Value™ is ₱1.73, compared to a current price of ₱1.79 — trading 3.5% above its estimated fair value. The current ROC (Joel Greenblatt) % is 32.01%, which is near median its 10-year median of 35.22. Global Ferronickel Holdings' overall GF Score™ is 77/100 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 Global Ferronickel Holdings (PHS:FNI), the current ROC (Joel Greenblatt) % is 32.01% 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 Global Ferronickel Holdings (PHS:FNI) Overvalued in 2026?
Based on GuruFocus' analysis, Global Ferronickel Holdings stock appears to be overvalued.
The current stock price of ₱1.79 is trading 3.5% above its estimated GF Value™ of ₱1.73.
GuruFocus considers Global Ferronickel Holdings to be Fairly Valued.
Key valuation signals for PHS:FNI:
ROC (Joel Greenblatt) %: 32.01% (near median its 10-year median of 35.22)
GF Value™: ₱1.73 vs. price of ₱1.79 (3.5% above fair value)
No single metric tells the full story. See the PHS:FNI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Global Ferronickel Holdings Inc is a nickel producer in the Philippines and a supplier of nickel ore. The company has an extensive portfolio of exploration sites and exploration programs. Its operating segment includes Mining; Manufacturing, and Services. The company generates maximum revenue from the Mining segment. The mining segment is engaged in the mining and exploration of nickel saprolite and limonite ore. Geographically, it operates in the Philippines and Hong Kong.
77GF Score
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