Natac Natural IngredientsXMAD:NAT +1.74%60 ROC (Joel Greenblatt) % is 31.80% as of Dec. 2025, which is 126% above its 10-year median of 14.08. GuruFocus rates XMAD:NAT with a GF Score™ of 60/100 and a GF Value™ of €1.06 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 1,606 Chemicals companies, Natac Natural Ingredients ranks better than 58.66% 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. Natac Natural Ingredients's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 31.80%.
The historical rank and industry rank for Natac Natural Ingredients's ROC (Joel Greenblatt) % or its related term are showing as below:
XMAD:NAT'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -736.36 Med: 14.08 Max: 1363.33
Current: 12.11
During the past 13 years, Natac Natural Ingredients's highest ROC (Joel Greenblatt) % was 1363.33%. The lowest was -736.36%. And the median was 14.08%.
XMAD:NAT's ROC (Joel Greenblatt) % is ranked better than 58.66% of 1606
companies
in the Chemicals industry
Industry Median: 9.38
vs XMAD:NAT: 12.11
Natac Natural Ingredients's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 3.40% 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.
Natac Natural Ingredients ROC (Joel Greenblatt) % Related Terms
Natac Natural Ingredients ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Natac Natural Ingredients'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.
XMAD:NAT vs LIN, SHW, ECL: ROC (Joel Greenblatt) % Comparison
For the Specialty Chemicals subindustry, Natac Natural Ingredients'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.
Natac Natural Ingredients ROC (Joel Greenblatt) % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Natac Natural Ingredients's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Natac Natural Ingredients'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 two times the semi-annual (Dec. 2025) 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 31.80% mean?
Natac Natural Ingredients (XMAD:NAT) has a ROC (Joel Greenblatt) % of 31.80% as of Dec. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Natac Natural Ingredients and its competitors. This is 126% above median its historical median of 14.08. According to the industry distribution chart, Natac Natural Ingredients ranks #664 out of 1606 companies in the Chemicals industry, placing it in the top 41.3%.
Is Natac Natural Ingredients' ROC (Joel Greenblatt) % too high?
Natac Natural Ingredients' current ROC (Joel Greenblatt) % of 31.80% is 126% above median its 10-year median of 14.08. The Chemicals industry median ROC (Joel Greenblatt) % is 9.38. Natac Natural Ingredients' value of 31.80% is 239% above this industry median. Based on the distribution chart, Natac Natural Ingredients ranks #664 out of 1606 companies in the Chemicals industry, which is above the industry midpoint. Overall, Natac Natural Ingredients has a GF Score™ of 60/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Natac Natural Ingredients' ROC (Joel Greenblatt) % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Natac Natural Ingredients ranks #664 out of 1606 companies for ROC (Joel Greenblatt) %. This puts Natac Natural Ingredients in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 9.38. Natac Natural Ingredients' value of 31.80% is 239% above this benchmark. While the company's 10-year median is 14.08 vs. the industry median of 9.38, Natac Natural Ingredients 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 a Chemicals company?
The median ROC (Joel Greenblatt) % among Chemicals companies is 9.38, based on 1,606 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. Natac Natural Ingredients's current ROC (Joel Greenblatt) % of 31.80% is 239% 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 Natac Natural Ingredients and its competitors. For the Chemicals industry, the median ROC (Joel Greenblatt) % is 9.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Natac Natural Ingredients's current ROC (Joel Greenblatt) % is 31.80%, which is 126% above median its own 10-year median of 14.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Natac Natural Ingredients stock overvalued right now?
Based on GuruFocus' analysis, Natac Natural Ingredients (XMAD:NAT) is currently considered Significantly Undervalued. The stock's GF Value™ is €1.06, compared to a current price of €0.59 — trading 44.8% below its estimated fair value. The current ROC (Joel Greenblatt) % is 31.80%, which is 126% above median its 10-year median of 14.08 and 239% above the Chemicals industry median of 9.38. Natac Natural Ingredients' overall GF Score™ is 60/100 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 Natac Natural Ingredients (XMAD:NAT), the current ROC (Joel Greenblatt) % is 31.80% as of Dec. 2025. 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 Natac Natural Ingredients (XMAD:NAT) Overvalued in 2026?
Based on GuruFocus' analysis, Natac Natural Ingredients stock appears to be undervalued.
The current stock price of €0.59 is trading 44.8% below its estimated GF Value™ of €1.06.
GuruFocus considers Natac Natural Ingredients to be Significantly Undervalued.
Key valuation signals for XMAD:NAT:
ROC (Joel Greenblatt) %: 31.80% (126% above median its 10-year median of 14.08)
GF Value™: €1.06 vs. price of €0.59 (44.8% below fair value)
Industry Position: 239% above the Chemicals median (#664 of 1606)
No single metric tells the full story. See the XMAD:NAT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Natac Natural Ingredients SA is engaged in producing sustainable natural ingredients from botanicals and fish. The company researches, develops, produces, and markets natural ingredients derived from plant extracts. The group has two operating segments: Vegetable extracts, and Omega-3, of which it derives maximum revenue from Vegetable Extracts.
60GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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