THNCF (Thinkific Labs) ROC (Joel Greenblatt) %: -402.89% (As of Mar. 2026)


THNCF Thinkific Labs Inc THNCF
71 GF Score
Price $0.68
GF Value $2.52
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Thinkific Labs ROC (Joel Greenblatt) %?

Thinkific Labs THNCF 71 ROC (Joel Greenblatt) % is -402.89% as of Mar. 2026. GuruFocus rates THNCF with a GF Score™ of 71/100 and a GF Value™ of $2.52 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 2,811 Software companies, Thinkific Labs ranks worse than 79.83% 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. Thinkific Labs's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -402.89%.

The historical rank and industry rank for Thinkific Labs's ROC (Joel Greenblatt) % or its related term are showing as below:

THNCF' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1569.78   Med: -125.79   Max: 30.04
Current: -149.74

During the past 8 years, Thinkific Labs's highest ROC (Joel Greenblatt) % was 30.04%. The lowest was -1569.78%. And the median was -125.79%.

THNCF's ROC (Joel Greenblatt) % is ranked worse than
79.83% of 2811 companies
in the Software industry
Industry Median: 19.63 vs THNCF: -149.74

Thinkific Labs's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 28.40% per year.


Thinkific Labs  (OTCPK:THNCF) 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.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


Thinkific Labs ROC (Joel Greenblatt) % Related Terms


Thinkific Labs ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Thinkific Labs'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.

Thinkific Labs ROC (Joel Greenblatt) % Chart

Thinkific Labs Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial -1,570.22 -1,229.40 -409.46 -122.72 -62.44

Thinkific Labs Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -34.36 -158.57 -45.44 -12.56 -402.89

THNCF vs UBER, SHOP, CRM: ROC (Joel Greenblatt) % Comparison

For the Software - Application subindustry, Thinkific Labs'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.


Thinkific Labs ROC (Joel Greenblatt) % vs Software Industry

For the Software industry and Technology sector, Thinkific Labs's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Thinkific Labs's ROC (Joel Greenblatt) % falls into.


THNCF
71GF Score
Thinkific Labs Inc THNCF
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
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Thinkific Labs 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:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

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.

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4.97 + 0 + 3.03) - (4.021 + 13.756 + 0.277)
=-10.054

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5.26 + 0 + 2.909) - (2.992 + 14.702 + 0.698)
=-10.223

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Thinkific Labs for the quarter that ended in Mar. 2026 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-7.54/( ( (1.926 + max(-10.054, 0)) + (1.817 + max(-10.223, 0)) )/ 2 )
=-7.54/( ( 1.926 + 1.817 )/ 2 )
=-7.54/1.8715
=-402.89 %

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 -402.89% mean?
Thinkific Labs (THNCF) has a ROC (Joel Greenblatt) % of -402.89% 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 Thinkific Labs and its competitors. According to the industry distribution chart, Thinkific Labs ranks #2244 out of 2811 companies in the Software industry, placing it in the top 79.8%.
Is Thinkific Labs' ROC (Joel Greenblatt) % too high?
Thinkific Labs' current ROC (Joel Greenblatt) % is -402.89%. Based on the distribution chart, Thinkific Labs ranks #2244 out of 2811 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Thinkific Labs has a GF Score™ of 71/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thinkific Labs' ROC (Joel Greenblatt) % compare to UBER and SHOP?
According to the Software industry distribution chart, Thinkific Labs ranks #2244 out of 2811 companies for ROC (Joel Greenblatt) %. This places Thinkific Labs in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 19.63. 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 Software company?
The median ROC (Joel Greenblatt) % among Software companies is 19.63, based on 2,811 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. 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 Thinkific Labs and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 19.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thinkific Labs's current ROC (Joel Greenblatt) % is -402.89%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thinkific Labs stock overvalued right now?
Based on GuruFocus' analysis, Thinkific Labs (THNCF) is currently considered Significantly Undervalued. The stock's GF Value™ is $2.52, compared to a current price of $0.68 — trading 73.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is -402.89%. Thinkific Labs' overall GF Score™ is 71/100 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 Thinkific Labs (THNCF), the current ROC (Joel Greenblatt) % is -402.89% 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 Thinkific Labs (THNCF) Overvalued in 2026?

Based on GuruFocus' analysis, Thinkific Labs stock appears to be undervalued. The current stock price of $0.68 is trading 73.2% below its estimated GF Value™ of $2.52. GuruFocus considers Thinkific Labs to be Significantly Undervalued.

Key valuation signals for THNCF:

  • ROC (Joel Greenblatt) %: -402.89%
  • GF Value™: $2.52 vs. price of $0.68 (73.2% below fair value)
  • GF Score™: 71/100 with 4 warning signs

No single metric tells the full story. See the THNCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Thinkific Labs Business Description

Other Exchanges 5S0A:GermanyTHNC:Canada
Address 369 Terminal Avenue, Suite 400, Vancouver, BC, CAN, V6A 4C4
Thinkific Labs Inc is a cloud-based software platform. Its business activity is to provide a learning commerce platform that helps businesses scale and generate revenue through courses, communities, AI and commerce. The company's platform provides its customers with a learning commerce solution that enables them to create new revenue streams, retain customers, and build community through customized courses, membership sites, communities, digital products and other experiences. Its sources of revenue consist of software subscriptions to its cloud-based platform and revenue from payment processing. Geographically, it operates in Canada; United States, generating maximum revenue; and Rest of the World.
71GF Score

Get the complete analysis for THNCF

ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.68
Price
$2.52
GF Value