StoneX GroupSNEX +4.07%84 ROC (Joel Greenblatt) % is 123.33% as of Mar. 2026, which is 560% above its 10-year median of 18.69. GuruFocus rates SNEX with a GF Score™ of 84/100 and a GF Value™ of $67.39 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 678 Capital Markets companies, StoneX Group ranks better than 65.49% 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. StoneX Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 123.33%.
The historical rank and industry rank for StoneX Group's ROC (Joel Greenblatt) % or its related term are showing as below:
SNEX'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 6.67 Med: 18.69 Max: 601.11
Current: 113.15
During the past 13 years, StoneX Group's highest ROC (Joel Greenblatt) % was 601.11%. The lowest was 6.67%. And the median was 18.69%.
SNEX's ROC (Joel Greenblatt) % is ranked better than 65.49% of 678
companies
in the Capital Markets industry
Industry Median: 34.64
vs SNEX: 113.15
StoneX Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 187.20% per year.
StoneX Group (NAS:SNEX) 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.
StoneX Group ROC (Joel Greenblatt) % Related Terms
StoneX Group ROC (Joel Greenblatt) % Historical Data
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The historical data trend for StoneX 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.
SNEX vs RIOT, SF, JEF: ROC (Joel Greenblatt) % Comparison
For the Capital Markets subindustry, StoneX 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.
StoneX Group ROC (Joel Greenblatt) % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, StoneX Group's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where StoneX Group'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 123.33% mean?
StoneX Group (SNEX) has a ROC (Joel Greenblatt) % of 123.33% 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 StoneX Group and its competitors. This is 560% above median its historical median of 18.69. Over the past decade, StoneX Group's ROC (Joel Greenblatt) % has ranged from 6.67 to 601.11. According to the industry distribution chart, StoneX Group ranks #234 out of 678 companies in the Capital Markets industry, placing it in the top 34.5%.
Is StoneX Group's ROC (Joel Greenblatt) % too high?
StoneX Group's current ROC (Joel Greenblatt) % of 123.33% is 560% above median its 10-year median of 18.69. Over the past 10 years, this metric has ranged from a low of 6.67 to a high of 601.11. The Capital Markets industry median ROC (Joel Greenblatt) % is 34.64. StoneX Group's value of 123.33% is 256% above this industry median. Based on the distribution chart, StoneX Group ranks #234 out of 678 companies in the Capital Markets industry, which is above the industry midpoint. Overall, StoneX Group has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does StoneX Group's ROC (Joel Greenblatt) % compare to RIOT and SF?
According to the Capital Markets industry distribution chart, StoneX Group ranks #234 out of 678 companies for ROC (Joel Greenblatt) %. This puts StoneX Group in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 34.64. StoneX Group's value of 123.33% is 256% above this benchmark. Historically, StoneX Group's own ROC (Joel Greenblatt) % has ranged from 6.67 to 601.11 over the past decade. While the company's 10-year median is 18.69 vs. the industry median of 34.64, StoneX 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 Capital Markets company?
The median ROC (Joel Greenblatt) % among Capital Markets companies is 34.64, based on 678 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. StoneX Group's current ROC (Joel Greenblatt) % of 123.33% is 256% 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 StoneX Group and its competitors. For the Capital Markets industry, the median ROC (Joel Greenblatt) % is 34.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. StoneX Group's current ROC (Joel Greenblatt) % is 123.33%, which is 560% above median its own 10-year median of 18.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is StoneX Group stock overvalued right now?
Based on GuruFocus' analysis, StoneX Group (SNEX) is currently considered Significantly Overvalued. The stock's GF Value™ is $67.39, compared to a current price of $123.33 — trading 83% above its estimated fair value. The current ROC (Joel Greenblatt) % is 123.33%, which is 560% above median its 10-year median of 18.69 and 256% above the Capital Markets industry median of 34.64. StoneX Group's overall GF Score™ is 84/100 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 StoneX Group (SNEX), the current ROC (Joel Greenblatt) % is 123.33% 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 StoneX Group (SNEX) Overvalued in 2026?
Based on GuruFocus' analysis, StoneX Group stock appears to be overvalued.
The current stock price of $123.33 is trading 83% above its estimated GF Value™ of $67.39.
GuruFocus considers StoneX Group to be Significantly Overvalued.
Key valuation signals for SNEX:
ROC (Joel Greenblatt) %: 123.33% (560% above median its 10-year median of 18.69)
GF Value™: $67.39 vs. price of $123.33 (83% above fair value)
Industry Position: 256% above the Capital Markets median (#234 of 678)
No single metric tells the full story. See the SNEX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
StoneX Group Inc is a brokerage and financial services firm. Its service offerings are execution, OTC / Market-Making, advisory services, payment solutions, market intelligence, Physical Trading and clearing services. The firm operates in four segments: Commercial, Institutional, Self-Directed/Retail, and Payments. Its customers include governmental and nongovernmental organizations, commercial banks, brokers, institutional investors, and investment banks. The company operates in the United States, South America, Europe, the Middle East and Asia, and other countries, out of which the majority of revenue is generated from the Middle East and Asia Region.
84GF Score
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