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Nickel AsiaPHS:NIKL -1.94%91 ROC (Joel Greenblatt) % is 11.41% as of Mar. 2026, which is 71% below its 10-year median of 39.32. GuruFocus rates PHS:NIKL with a GF Score™ of 91/100 and a GF Value™ of ₱4.86 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,502 Metals & Mining companies, Nickel Asia ranks better than 93.17% 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. Nickel Asia's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 11.41%.
The historical rank and industry rank for Nickel Asia's ROC (Joel Greenblatt) % or its related term are showing as below:
PHS:NIKL'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 19.19 Med: 39.32 Max: 78.32
Current: 40.86
During the past 13 years, Nickel Asia's highest ROC (Joel Greenblatt) % was 78.32%. The lowest was 19.19%. And the median was 39.32%.
PHS:NIKL's ROC (Joel Greenblatt) % is ranked better than 93.17% of 2502
companies
in the Metals & Mining industry
Industry Median: -22.105
vs PHS:NIKL: 40.86
Nickel Asia's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -13.70% per year.
Nickel Asia (PHS:NIKL) 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.
Nickel Asia ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Nickel Asia'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.
Nickel Asia ROC (Joel Greenblatt) % Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Nickel Asia'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.
Nickel Asia ROC (Joel Greenblatt) % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Nickel Asia's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Nickel Asia'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 11.41% mean?
Nickel Asia (PHS:NIKL) has a ROC (Joel Greenblatt) % of 11.41% 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 Nickel Asia and its competitors. This is 71% below median its historical median of 39.32. Over the past decade, Nickel Asia's ROC (Joel Greenblatt) % has ranged from 19.19 to 78.32. According to the industry distribution chart, Nickel Asia ranks #171 out of 2502 companies in the Metals & Mining industry, placing it in the top 6.8%.
Is Nickel Asia's ROC (Joel Greenblatt) % too high?
Nickel Asia's current ROC (Joel Greenblatt) % of 11.41% is 71% below median its 10-year median of 39.32. Over the past 10 years, this metric has ranged from a low of 19.19 to a high of 78.32. Based on the distribution chart, Nickel Asia ranks #171 out of 2502 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Nickel Asia has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nickel Asia's ROC (Joel Greenblatt) % compare to competitors?
According to the Metals & Mining industry distribution chart, Nickel Asia ranks #171 out of 2502 companies for ROC (Joel Greenblatt) %. This places Nickel Asia in the top 7% of its industry — outperforming the majority of peers. Historically, Nickel Asia's own ROC (Joel Greenblatt) % has ranged from 19.19 to 78.32 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 Nickel Asia and its competitors. Nickel Asia's current ROC (Joel Greenblatt) % is 11.41%, which is 71% below median its own 10-year median of 39.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nickel Asia stock overvalued right now?
Based on GuruFocus' analysis, Nickel Asia (PHS:NIKL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₱4.86, compared to a current price of ₱3.53 — trading 27.4% below its estimated fair value. The current ROC (Joel Greenblatt) % is 11.41%, which is 71% below median its 10-year median of 39.32. Nickel Asia's overall GF Score™ is 91/100 with 3 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 Nickel Asia (PHS:NIKL), the current ROC (Joel Greenblatt) % is 11.41% 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 Nickel Asia (PHS:NIKL) Overvalued in 2026?
Based on GuruFocus' analysis, Nickel Asia stock appears to be undervalued.
The current stock price of ₱3.53 is trading 27.4% below its estimated GF Value™ of ₱4.86.
GuruFocus considers Nickel Asia to be Modestly Undervalued.
Key valuation signals for PHS:NIKL:
ROC (Joel Greenblatt) %: 11.41% (71% below median its 10-year median of 39.32)
GF Value™: ₱4.86 vs. price of ₱3.53 (27.4% below fair value)
No single metric tells the full story. See the PHS:NIKL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nickel Asia Corp is a diversified natural resources development company is principally engaged in the business of producing beneficiated nickel ore, limestone, and quarry materials, rendering of services, and generating revenue from sale of power. The company has three operating segments which is The mining segment which accounts for a majority of the company's revenue includes the mining and exploration of nickel saprolite and limonite ore, limestone, and quarry materials, the services segment includes chartering out of LCT, construction and rendering of services to CBNC, THNC, and other parties and leasing of aircraft to WAISC, and the power segment is into power generation and exploration for geothermal resources.
91GF Score
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