Meta PlatformsTSX:META +3.22%93 ROC (Joel Greenblatt) % is 42.92% as of Mar. 2026, which is 39% below its 10-year median of 70.61. GuruFocus rates TSX:META with a GF Score™ of 93/100 and a GF Value™ of C$43.33 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 549 Interactive Media companies, Meta Platforms ranks better than 59.02% 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. Meta Platforms's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 42.92%.
The historical rank and industry rank for Meta Platforms's ROC (Joel Greenblatt) % or its related term are showing as below:
TSX:META'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 35.77 Med: 70.61 Max: 149.92
Current: 50.2
During the past 13 years, Meta Platforms's highest ROC (Joel Greenblatt) % was 149.92%. The lowest was 35.77%. And the median was 70.61%.
TSX:META's ROC (Joel Greenblatt) % is ranked better than 59.02% of 549
companies
in the Interactive Media industry
Industry Median: 20.1
vs TSX:META: 50.20
Meta Platforms's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -4.60% per year.
Meta Platforms (TSX:META) 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.
Meta Platforms ROC (Joel Greenblatt) % Related Terms
Meta Platforms ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Meta Platforms'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:META vs SPOT, NBIS, BIDU: ROC (Joel Greenblatt) % Comparison
For the Internet Content & Information subindustry, Meta Platforms'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.
Meta Platforms ROC (Joel Greenblatt) % vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Meta Platforms's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Meta Platforms's ROC (Joel Greenblatt) % falls into.
Meta Platforms 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 42.92% mean?
Meta Platforms (TSX:META) has a ROC (Joel Greenblatt) % of 42.92% 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 Meta Platforms and its competitors. This is 39% below median its historical median of 70.61. Over the past decade, Meta Platforms' ROC (Joel Greenblatt) % has ranged from 35.77 to 149.92. According to the industry distribution chart, Meta Platforms ranks #225 out of 549 companies in the Interactive Media industry, placing it in the top 41%.
Is Meta Platforms' ROC (Joel Greenblatt) % too high?
Meta Platforms' current ROC (Joel Greenblatt) % of 42.92% is 39% below median its 10-year median of 70.61. Over the past 10 years, this metric has ranged from a low of 35.77 to a high of 149.92. The Interactive Media industry median ROC (Joel Greenblatt) % is 20.10. Meta Platforms' value of 42.92% is 113.5% above this industry median. Based on the distribution chart, Meta Platforms ranks #225 out of 549 companies in the Interactive Media industry, which is above the industry midpoint. Overall, Meta Platforms has a GF Score™ of 93/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Meta Platforms' ROC (Joel Greenblatt) % compare to SPOT and NBIS?
According to the Interactive Media industry distribution chart, Meta Platforms ranks #225 out of 549 companies for ROC (Joel Greenblatt) %. This puts Meta Platforms in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 20.10. Meta Platforms' value of 42.92% is 113.5% above this benchmark. Historically, Meta Platforms' own ROC (Joel Greenblatt) % has ranged from 35.77 to 149.92 over the past decade. While the company's 10-year median is 70.61 vs. the industry median of 20.10, Meta Platforms 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 an Interactive Media company?
The median ROC (Joel Greenblatt) % among Interactive Media companies is 20.10, based on 549 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. Meta Platforms's current ROC (Joel Greenblatt) % of 42.92% is 113.5% 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 Meta Platforms and its competitors. For the Interactive Media industry, the median ROC (Joel Greenblatt) % is 20.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Meta Platforms's current ROC (Joel Greenblatt) % is 42.92%, which is 39% below median its own 10-year median of 70.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meta Platforms stock overvalued right now?
Based on GuruFocus' analysis, Meta Platforms (TSX:META) is currently considered Modestly Undervalued. The stock's GF Value™ is C$43.33, compared to a current price of C$31.06 — trading 28.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is 42.92%, which is 39% below median its 10-year median of 70.61 and 113.5% above the Interactive Media industry median of 20.10. Meta Platforms' overall GF Score™ is 93/100 with 2 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 Meta Platforms (TSX:META), the current ROC (Joel Greenblatt) % is 42.92% 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 Meta Platforms (TSX:META) Overvalued in 2026?
Based on GuruFocus' analysis, Meta Platforms stock appears to be undervalued.
The current stock price of C$31.06 is trading 28.3% below its estimated GF Value™ of C$43.33.
GuruFocus considers Meta Platforms to be Modestly Undervalued.
Key valuation signals for TSX:META:
ROC (Joel Greenblatt) %: 42.92% (39% below median its 10-year median of 70.61)
GF Value™: C$43.33 vs. price of C$31.06 (28.3% below fair value)
Industry Position: 113.5% above the Interactive Media median (#225 of 549)
No single metric tells the full story. See the TSX:META stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Meta is the largest social media company in the world, boasting close to 4 billion monthly active users worldwide. The firm's "Family of Apps," its core business, consists of Facebook, Instagram, Messenger, and WhatsApp. End users can leverage these applications for a variety of different purposes, from keeping in touch with friends to following celebrities and running digital businesses for free. Meta packages customer data, gleaned from its application ecosystem and sells ads to digital advertisers. While the firm has been investing heavily in its Reality Labs business, it remains a very small part of Meta's overall sales.
93GF Score
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