Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
New Age MetalsTSXV:NAM -5.66%36 ROC (Joel Greenblatt) % is 2.72% as of Jan. 2026. GuruFocus rates TSXV:NAM with a GF Score™ of 36/100. The stock has 1 warning sign investors should review. Among 2,505 Metals & Mining companies, New Age Metals ranks better than 76.09% 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. New Age Metals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2026 was 2.72%.
The historical rank and industry rank for New Age Metals's ROC (Joel Greenblatt) % or its related term are showing as below:
TSXV:NAM'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1097.32 Med: -22.72 Max: 2.73
Current: 2.73
During the past 13 years, New Age Metals's highest ROC (Joel Greenblatt) % was 2.73%. The lowest was -1097.32%. And the median was -22.72%.
TSXV:NAM's ROC (Joel Greenblatt) % is ranked better than 76.09% of 2505
companies
in the Metals & Mining industry
Industry Median: -22.12
vs TSXV:NAM: 2.73
New Age Metals's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 30.60% per year.
New Age Metals (TSXV:NAM) 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.
New Age Metals ROC (Joel Greenblatt) % Related Terms
New Age Metals ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for New Age Metals'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.
New Age Metals ROC (Joel Greenblatt) % Competitor Comparison
For the Other Industrial Metals & Mining subindustry, New Age Metals'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.
New Age Metals ROC (Joel Greenblatt) % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, New Age Metals's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where New Age Metals's ROC (Joel Greenblatt) % falls into.
New Age Metals 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 (Jan. 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 2.72% mean?
New Age Metals (TSXV:NAM) has a ROC (Joel Greenblatt) % of 2.72% as of Jan. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on New Age Metals and its competitors. According to the industry distribution chart, New Age Metals ranks #599 out of 2505 companies in the Metals & Mining industry, placing it in the top 23.9%.
Is New Age Metals' ROC (Joel Greenblatt) % too high?
New Age Metals' current ROC (Joel Greenblatt) % is 2.72%. Based on the distribution chart, New Age Metals ranks #599 out of 2505 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, New Age Metals has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does New Age Metals' ROC (Joel Greenblatt) % compare to competitors?
According to the Metals & Mining industry distribution chart, New Age Metals ranks #599 out of 2505 companies for ROC (Joel Greenblatt) %. This places New Age Metals in the top 24% of its industry — outperforming the majority of peers. 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 Metals & Mining company?
A good ROC (Joel Greenblatt) % depends on the Metals & Mining industry context. 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 New Age Metals and its competitors. New Age Metals's current ROC (Joel Greenblatt) % is 2.72%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Age Metals stock overvalued right now?
New Age Metals (TSXV:NAM) has a current ROC (Joel Greenblatt) % of 2.72%. The current ROC (Joel Greenblatt) % is 2.72%. New Age Metals' overall GF Score™ is 36/100 with 1 warning sign 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 New Age Metals (TSXV:NAM), the current ROC (Joel Greenblatt) % is 2.72% as of Jan. 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.
New Age Metals Inc is a mineral exploration company focused on the acquisition, exploration, and development of Platinum Group Metals (PGMs), precious metals, base metals, and strategic critical metals, including lithium, antimony, and high-purity iron ore. The company's project portfolio comprises the River Valley Palladium project, located in the Sudbury Region of Ontario; several lithium projects such as Lithium One, Lithium Two, Litham West, Cat Lake Lithium, Litham East, Litham East Extension, and Litham North, located northeast of Winnipeg, Manitoba; the Alaska Genesis project; and the Newfoundland portfolio, which includes eight wholly owned properties in Canada's mineral exploration belts. The company's operations are carried out in Canada and the United States.
36GF Score
Get the complete analysis for TSXV:NAM
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSXV:NAM has been successfully added to your 
