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. Conifex Timber's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -34.01%.
The historical rank and industry rank for Conifex Timber's ROC (Joel Greenblatt) % or its related term are showing as below:
TSX:CFF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -40.24 Med: 0.55 Max: 27.52
Current: -40.24
During the past 13 years, Conifex Timber's highest ROC (Joel Greenblatt) % was 27.52%. The lowest was -40.24%. And the median was 0.55%.
TSX:CFF's ROC (Joel Greenblatt) % is ranked worse than 95.09% of 285
companies
in the Forest Products industry
Industry Median: 4.59
vs TSX:CFF: -40.24
Conifex Timber's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
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.
Conifex Timber ROC (Joel Greenblatt) % Related Terms
Conifex Timber ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Conifex Timber'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.
TSX:CFF vs SSD, UFPI, BCC: ROC (Joel Greenblatt) % Comparison
For the Lumber & Wood Production subindustry, Conifex Timber'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.
Conifex Timber ROC (Joel Greenblatt) % vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Conifex Timber's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Conifex Timber'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 -34.01% mean?
Conifex Timber (TSX:CFF) has a ROC (Joel Greenblatt) % of -34.01% 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 Conifex Timber and its competitors. According to the industry distribution chart, Conifex Timber ranks #271 out of 285 companies in the Forest Products industry, placing it in the top 95.1%.
Is Conifex Timber's ROC (Joel Greenblatt) % too high?
Conifex Timber's current ROC (Joel Greenblatt) % is -34.01%. Based on the distribution chart, Conifex Timber ranks #271 out of 285 companies in the Forest Products industry, which is in the bottom quartile relative to peers. Overall, Conifex Timber has a GF Score™ of 25/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Conifex Timber's ROC (Joel Greenblatt) % compare to SSD and UFPI?
According to the Forest Products industry distribution chart, Conifex Timber ranks #271 out of 285 companies for ROC (Joel Greenblatt) %. This places Conifex Timber in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 4.59. 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 Forest Products company?
The median ROC (Joel Greenblatt) % among Forest Products companies is 4.59, based on 285 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 Conifex Timber and its competitors. For the Forest Products industry, the median ROC (Joel Greenblatt) % is 4.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Conifex Timber's current ROC (Joel Greenblatt) % is -34.01%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Conifex Timber stock overvalued right now?
Based on GuruFocus' analysis, Conifex Timber (TSX:CFF) is currently considered Possible Value Trap. The stock's GF Value™ is C$0.31, compared to a current price of C$0.14 — trading 56.5% below its estimated fair value. The current ROC (Joel Greenblatt) % is -34.01%. Conifex Timber's overall GF Score™ is 25/100 with 6 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 Conifex Timber (TSX:CFF), the current ROC (Joel Greenblatt) % is -34.01% 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 Conifex Timber (TSX:CFF) Overvalued in 2026?
Based on GuruFocus' analysis, Conifex Timber stock appears to be undervalued.
The current stock price of C$0.14 is trading 56.5% below its estimated GF Value™ of C$0.31.
GuruFocus considers Conifex Timber to be Possible Value Trap.
Key valuation signals for TSX:CFF:
ROC (Joel Greenblatt) %: -34.01%
GF Value™: C$0.31 vs. price of C$0.14 (56.5% below fair value)
No single metric tells the full story. See the TSX:CFF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Conifex Timber Inc is a Canada-based forestry company. It operates through one reportable segment comprising of activities that include timber harvesting, reforestation, forest management, processing logs into lumber and wood chips, value added lumber finishing and generation of electrical power that is complementary to the company's harvesting and manufacturing operations. The firm's main activities areas are the United States, Chinese, Canadian and Japanese markets. The revenues are generated from lumber, Lumber by-products and other, and Bioenergy. Geographically, it operates in United States, Canada and Japan. The company derives maximum revenue from United states.
25GF Score
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