Companhia Siderurgica NacionalSID +0.91%65 ROC (Joel Greenblatt) % is 3.25% as of Mar. 2026, which is 82% below its 10-year median of 18.22. GuruFocus rates SID with a GF Score™ of 65/100 and a GF Value™ of $2.13 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 631 Steel companies, Companhia Siderurgica Nacional ranks better than 51.98% 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. Companhia Siderurgica Nacional's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 3.25%.
The historical rank and industry rank for Companhia Siderurgica Nacional's ROC (Joel Greenblatt) % or its related term are showing as below:
SID'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 7.57 Med: 18.22 Max: 101.15
Current: 7.57
During the past 13 years, Companhia Siderurgica Nacional's highest ROC (Joel Greenblatt) % was 101.15%. The lowest was 7.57%. And the median was 18.22%.
SID's ROC (Joel Greenblatt) % is ranked better than 51.98% of 631
companies
in the Steel industry
Industry Median: 6.97
vs SID: 7.57
Companhia Siderurgica Nacional (NYSE:SID) 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.
Companhia Siderurgica Nacional ROC (Joel Greenblatt) % Chart
SID vs NUE, STLD, RS: ROC (Joel Greenblatt) % Comparison
For the Steel subindustry, Companhia Siderurgica Nacional'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.
Companhia Siderurgica Nacional ROC (Joel Greenblatt) % vs Steel Industry
For the Steel industry and Basic Materials sector, Companhia Siderurgica Nacional's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Companhia Siderurgica Nacional's ROC (Joel Greenblatt) % falls into.
Companhia Siderurgica Nacional 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 3.25% mean?
Companhia Siderurgica Nacional (SID) has a ROC (Joel Greenblatt) % of 3.25% 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 Companhia Siderurgica Nacional and its competitors. This is 82% below median its historical median of 18.22. Over the past decade, Companhia Siderurgica Nacional's ROC (Joel Greenblatt) % has ranged from 7.57 to 101.15. According to the industry distribution chart, Companhia Siderurgica Nacional ranks #303 out of 631 companies in the Steel industry, placing it in the top 48%.
Is Companhia Siderurgica Nacional's ROC (Joel Greenblatt) % too high?
Companhia Siderurgica Nacional's current ROC (Joel Greenblatt) % of 3.25% is 82% below median its 10-year median of 18.22. Over the past 10 years, this metric has ranged from a low of 7.57 to a high of 101.15. The Steel industry median ROC (Joel Greenblatt) % is 6.97. Companhia Siderurgica Nacional's value of 3.25% is 53.4% below this industry median. Based on the distribution chart, Companhia Siderurgica Nacional ranks #303 out of 631 companies in the Steel industry, which is above the industry midpoint. Overall, Companhia Siderurgica Nacional has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Companhia Siderurgica Nacional's ROC (Joel Greenblatt) % compare to NUE and STLD?
According to the Steel industry distribution chart, Companhia Siderurgica Nacional ranks #303 out of 631 companies for ROC (Joel Greenblatt) %. This puts Companhia Siderurgica Nacional in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 6.97. Companhia Siderurgica Nacional's value of 3.25% is 53.4% below this benchmark. Historically, Companhia Siderurgica Nacional's own ROC (Joel Greenblatt) % has ranged from 7.57 to 101.15 over the past decade. While the company's 10-year median is 18.22 vs. the industry median of 6.97, Companhia Siderurgica Nacional has consistently been below 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 Steel company?
The median ROC (Joel Greenblatt) % among Steel companies is 6.97, based on 631 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. Companhia Siderurgica Nacional's current ROC (Joel Greenblatt) % of 3.25% is 53.4% below 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 Companhia Siderurgica Nacional and its competitors. For the Steel industry, the median ROC (Joel Greenblatt) % is 6.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Companhia Siderurgica Nacional's current ROC (Joel Greenblatt) % is 3.25%, which is 82% below median its own 10-year median of 18.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Companhia Siderurgica Nacional stock overvalued right now?
Based on GuruFocus' analysis, Companhia Siderurgica Nacional (SID) is currently considered Possible Value Trap. The stock's GF Value™ is $2.13, compared to a current price of $0.91 — trading 57.5% below its estimated fair value. The current ROC (Joel Greenblatt) % is 3.25%, which is 82% below median its 10-year median of 18.22 and 53.4% below the Steel industry median of 6.97. Companhia Siderurgica Nacional's overall GF Score™ is 65/100 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 Companhia Siderurgica Nacional (SID), the current ROC (Joel Greenblatt) % is 3.25% 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 Companhia Siderurgica Nacional (SID) Overvalued in 2026?
Based on GuruFocus' analysis, Companhia Siderurgica Nacional stock appears to be undervalued.
The current stock price of $0.91 is trading 57.5% below its estimated GF Value™ of $2.13.
GuruFocus considers Companhia Siderurgica Nacional to be Possible Value Trap.
Key valuation signals for SID:
ROC (Joel Greenblatt) %: 3.25% (82% below median its 10-year median of 18.22)
GF Value™: $2.13 vs. price of $0.91 (57.5% below fair value)
Industry Position: 53.4% below the Steel median (#303 of 631)
No single metric tells the full story. See the SID stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Companhia Siderurgica Nacional Business Description
Companhia Siderurgica Nacional is an integrated steel producer. together with its subsidiaries operates in five main business segments: Steel industry: production and marketing of flat and long steels; Mining: extraction, processing and marketing of iron ore, tin, limestone and dolomite; Cement: production and commercialization of bagged and bulk cement, in addition to aggregates, concrete, and other related products; Energy: generation and sale of energy from almost all renewable sources; and Logistics: participations port concessions and fleets of road transport vehicles. The group generates the majority of its revenue from the Steel industry segment. Geographically, it derives a majority of revenue from Asia.
65GF Score
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