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Turning Point BrandsTPB -1.72%88 ROC (Joel Greenblatt) % is 34.72% as of Jun. 2026, which is 46% below its 10-year median of 64.48. GuruFocus rates TPB with a GF Score™ of 88/100 and a GF Value™ of $87.20 (Fairly Valued). Among 47 Tobacco Products companies, Turning Point Brands ranks better than 53.19% 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. Turning Point Brands's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 34.72%.
The historical rank and industry rank for Turning Point Brands's ROC (Joel Greenblatt) % or its related term are showing as below:
TPB'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 39.24 Med: 64.48 Max: 80.13
Current: 51.91
During the past 13 years, Turning Point Brands's highest ROC (Joel Greenblatt) % was 80.13%. The lowest was 39.24%. And the median was 64.48%.
TPB's ROC (Joel Greenblatt) % is ranked better than 53.19% of 47
companies
in the Tobacco Products industry
Industry Median: 39.68
vs TPB: 51.91
Turning Point Brands's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 1.30% per year.
Turning Point Brands (NYSE:TPB) 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.
Turning Point Brands ROC (Joel Greenblatt) % Related Terms
Turning Point Brands ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Turning Point Brands'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.
Turning Point Brands ROC (Joel Greenblatt) % Chart
TPB vs UVV, AIIR, ISPR: ROC (Joel Greenblatt) % Comparison
For the Tobacco subindustry, Turning Point Brands'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.
Turning Point Brands ROC (Joel Greenblatt) % vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, Turning Point Brands's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Turning Point Brands's ROC (Joel Greenblatt) % falls into.
Turning Point Brands 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 (Jun. 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 34.72% mean?
Turning Point Brands (TPB) has a ROC (Joel Greenblatt) % of 34.72% as of Jun. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Turning Point Brands and its competitors. This is 46% below median its historical median of 64.48. Over the past decade, Turning Point Brands' ROC (Joel Greenblatt) % has ranged from 39.24 to 80.13. According to the industry distribution chart, Turning Point Brands ranks #22 out of 47 companies in the Tobacco Products industry, placing it in the top 46.8%.
Is Turning Point Brands' ROC (Joel Greenblatt) % too high?
Turning Point Brands' current ROC (Joel Greenblatt) % of 34.72% is 46% below median its 10-year median of 64.48. Over the past 10 years, this metric has ranged from a low of 39.24 to a high of 80.13. The Tobacco Products industry median ROC (Joel Greenblatt) % is 39.68. Turning Point Brands' value of 34.72% is 12.5% below this industry median. Based on the distribution chart, Turning Point Brands ranks #22 out of 47 companies in the Tobacco Products industry, which is above the industry midpoint. Overall, Turning Point Brands has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Turning Point Brands' ROC (Joel Greenblatt) % compare to UVV and AIIR?
According to the Tobacco Products industry distribution chart, Turning Point Brands ranks #22 out of 47 companies for ROC (Joel Greenblatt) %. This puts Turning Point Brands in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 39.68. Turning Point Brands' value of 34.72% is 12.5% below this benchmark. Historically, Turning Point Brands' own ROC (Joel Greenblatt) % has ranged from 39.24 to 80.13 over the past decade. While the company's 10-year median is 64.48 vs. the industry median of 39.68, Turning Point Brands 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 Tobacco Products company?
The median ROC (Joel Greenblatt) % among Tobacco Products companies is 39.68, based on 47 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. Turning Point Brands's current ROC (Joel Greenblatt) % of 34.72% is 12.5% 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 Turning Point Brands and its competitors. For the Tobacco Products industry, the median ROC (Joel Greenblatt) % is 39.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Turning Point Brands's current ROC (Joel Greenblatt) % is 34.72%, which is 46% below median its own 10-year median of 64.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Turning Point Brands stock overvalued right now?
Based on GuruFocus' analysis, Turning Point Brands (TPB) is currently considered Fairly Valued. The stock's GF Value™ is $87.20, compared to a current price of $86.74 — trading 0.5% below its estimated fair value. The current ROC (Joel Greenblatt) % is 34.72%, which is 46% below median its 10-year median of 64.48 and 12.5% below the Tobacco Products industry median of 39.68. Turning Point Brands' overall GF Score™ is 88/100. 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 Turning Point Brands (TPB), the current ROC (Joel Greenblatt) % is 34.72% as of Jun. 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 Turning Point Brands (TPB) Overvalued in 2026?
Based on GuruFocus' analysis, Turning Point Brands stock appears to be undervalued.
The current stock price of $86.74 is trading 0.5% below its estimated GF Value™ of $87.20.
GuruFocus considers Turning Point Brands to be Fairly Valued.
Key valuation signals for TPB:
ROC (Joel Greenblatt) %: 34.72% (46% below median its 10-year median of 64.48)
GF Value™: $87.20 vs. price of $86.74 (0.5% below fair value)
Industry Position: 12.5% below the Tobacco Products median (#22 of 47)
No single metric tells the full story. See the TPB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Turning Point Brands Inc operates as a manufacturer, marketer, and provider of consumer products that include Other Tobacco Products (OTP) in the U.S. The company offers a wide variety across the OTP spectrum, including moist snuff tobacco (MST), loose-leaf chewing tobacco, premium cigarette papers, make- your-own (MYO) cigar wraps, cigars, liquid vapor products, and tobacco vaporizer products. It operates in two segments, namely Zig-Zag products and Stoker's products segment. The company generates maximum revenue from the Zig-Zag products segment.
88GF Score
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