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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. National Co for Learning and Education's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was 22.84%.
SAU:4291'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.53 Med: 14.83 Max: 464.24
Current: 18.42
During the past 11 years, National Co for Learning and Education's highest ROC (Joel Greenblatt) % was 464.24%. The lowest was 5.53%. And the median was 14.83%.
SAU:4291's ROC (Joel Greenblatt) % is ranked better than 50.94% of 265
companies
in the Education industry
Industry Median: 17.48
vs SAU:4291: 18.42
National Co for Learning and Education (SAU:4291) 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.
National Co for Learning and Education ROC (Joel Greenblatt) % Chart
National Co for Learning and Education Annual Data
SAU:4291 vs EDU, TAL, LAUR: ROC (Joel Greenblatt) % Comparison
For the Education & Training Services subindustry, National Co for Learning and Education'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.
National Co for Learning and Education ROC (Joel Greenblatt) % vs Education Industry
For the Education industry and Consumer Defensive sector, National Co for Learning and Education's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where National Co for Learning and Education's ROC (Joel Greenblatt) % falls into.
National Co for Learning and Education 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 (Apr. 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 22.84% mean?
National Co for Learning and Education (SAU:4291) has a ROC (Joel Greenblatt) % of 22.84% as of Apr. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on National Co for Learning and Education and its competitors. This is 54% above median its historical median of 14.83. Over the past decade, National Co for Learning and Education's ROC (Joel Greenblatt) % has ranged from 5.53 to 464.24. According to the industry distribution chart, National Co for Learning and Education ranks #130 out of 265 companies in the Education industry, placing it in the top 49.1%.
Is National Co for Learning and Education's ROC (Joel Greenblatt) % too high?
National Co for Learning and Education's current ROC (Joel Greenblatt) % of 22.84% is 54% above median its 10-year median of 14.83. Over the past 10 years, this metric has ranged from a low of 5.53 to a high of 464.24. The Education industry median ROC (Joel Greenblatt) % is 17.48. National Co for Learning and Education's value of 22.84% is 30.7% above this industry median. Based on the distribution chart, National Co for Learning and Education ranks #130 out of 265 companies in the Education industry, which is above the industry midpoint. Overall, National Co for Learning and Education has a GF Score™ of 94/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does National Co for Learning and Education's ROC (Joel Greenblatt) % compare to EDU and TAL?
According to the Education industry distribution chart, National Co for Learning and Education ranks #130 out of 265 companies for ROC (Joel Greenblatt) %. This puts National Co for Learning and Education in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 17.48. National Co for Learning and Education's value of 22.84% is 30.7% above this benchmark. Historically, National Co for Learning and Education's own ROC (Joel Greenblatt) % has ranged from 5.53 to 464.24 over the past decade. While the company's 10-year median is 14.83 vs. the industry median of 17.48, National Co for Learning and Education 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 an Education company?
The median ROC (Joel Greenblatt) % among Education companies is 17.48, based on 265 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. National Co for Learning and Education's current ROC (Joel Greenblatt) % of 22.84% is 30.7% 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 National Co for Learning and Education and its competitors. For the Education industry, the median ROC (Joel Greenblatt) % is 17.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Co for Learning and Education's current ROC (Joel Greenblatt) % is 22.84%, which is 54% above median its own 10-year median of 14.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Co for Learning and Education stock overvalued right now?
Based on GuruFocus' analysis, National Co for Learning and Education (SAU:4291) is currently considered Significantly Undervalued. The stock's GF Value™ is ﷼207.22, compared to a current price of ﷼138.50 — trading 33.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is 22.84%, which is 54% above median its 10-year median of 14.83 and 30.7% above the Education industry median of 17.48. National Co for Learning and Education's overall GF Score™ is 94/100 with 2 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 National Co for Learning and Education (SAU:4291), the current ROC (Joel Greenblatt) % is 22.84% as of Apr. 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 National Co for Learning and Education (SAU:4291) Overvalued in 2026?
Based on GuruFocus' analysis, National Co for Learning and Education stock appears to be undervalued.
The current stock price of ﷼138.50 is trading 33.2% below its estimated GF Value™ of ﷼207.22.
GuruFocus considers National Co for Learning and Education to be Significantly Undervalued.
Key valuation signals for SAU:4291:
ROC (Joel Greenblatt) %: 22.84% (54% above median its 10-year median of 14.83)
GF Value™: ﷼207.22 vs. price of ﷼138.50 (33.2% below fair value)
Industry Position: 30.7% above the Education median (#130 of 265)
No single metric tells the full story. See the SAU:4291 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Co for Learning and Education is a provider of educational and learning services based in Riyadh, Saudi Arabia. It is engaged in ownership, establishment and management of private schools for general education (pre-university) in addition to investment in sport and entertainment along with sport clubs for school students. The company offers educational complexes that accommodate more than 15 thousand students, distributed in all stages from kindergarten, primary, intermediate and high school, according to the national curriculum and international curricula, with scientific laboratories on one hand, and entertainment facilities and sports clubs on the other hand. The company's business segments include Al-Rayan schools, Al-Rawabi schools, Al-Nuzha schools among others.
94GF Score
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