Intercede GroupIRCDF 82 Earnings Yield (Joel Greenblatt) % is 14.25% as of Mar. 2026, which is 551% above its 10-year median of 2.19. GuruFocus rates IRCDF with a GF Scoreâ„¢ of 82/100 and a GF Valueâ„¢ of $1.79. The stock has 2 warning signs investors should review. Among 2,903 Software companies, Intercede Group ranks better than 75.3% on this metric.
Intercede Group's Enterprise Value for the quarter that ended in Mar. 2026 was $57.22 Mil.
Intercede Group's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $5.12 Mil. Intercede Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 14.25%.
The historical rank and industry rank for Intercede Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
IRCDF'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -60.89 Med: 2.19 Max: 15.59
Current: 8.58
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Intercede Group was 15.59%. The lowest was -60.89%. And the median was 2.19%.
IRCDF's Earnings Yield (Joel Greenblatt) % is ranked better than 75.3% of 2903
companies
in the Software industry
Industry Median: 2
vs IRCDF: 8.58
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Intercede Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was 27.85%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Intercede Group (OTCPK:IRCDF) Earnings Yield (Joel Greenblatt) % Explanation
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
Intercede Group Earnings Yield (Joel Greenblatt) % Related Terms
Intercede Group Earnings Yield (Joel Greenblatt) % Historical Data
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The historical data trend for Intercede Group's Earnings Yield (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.
Intercede Group Earnings Yield (Joel Greenblatt) % Chart
For the Software - Application subindustry, Intercede Group's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (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.
Intercede Group Earnings Yield (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Intercede Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Intercede Group's Earnings Yield (Joel Greenblatt) % falls into.
Intercede Group Earnings Yield (Joel Greenblatt) % Calculation
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Intercede Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2026 is calculated as
For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.
What does a Earnings Yield (Joel Greenblatt) % of 14.25% mean?
Intercede Group (IRCDF) has a Earnings Yield (Joel Greenblatt) % of 14.25% as of Mar. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Intercede Group and its competitors. This is 551% above median its historical median of 2.19. According to the industry distribution chart, Intercede Group ranks #717 out of 2903 companies in the Software industry, placing it in the top 24.7%.
Is Intercede Group's Earnings Yield (Joel Greenblatt) % too high?
Intercede Group's current Earnings Yield (Joel Greenblatt) % of 14.25% is 551% above median its 10-year median of 2.19. The Software industry median Earnings Yield (Joel Greenblatt) % is 2.00. Intercede Group's value of 14.25% is 612.5% above this industry median. Based on the distribution chart, Intercede Group ranks #717 out of 2903 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Intercede Group has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.
How does Intercede Group's Earnings Yield (Joel Greenblatt) % compare to UBER and SHOP?
According to the Software industry distribution chart, Intercede Group ranks #717 out of 2903 companies for Earnings Yield (Joel Greenblatt) %. This places Intercede Group in the top 25% of its industry — outperforming the majority of peers. The industry median Earnings Yield (Joel Greenblatt) % is 2.00. Intercede Group's value of 14.25% is 612.5% above this benchmark. While the company's 10-year median is 2.19 vs. the industry median of 2.00, Intercede Group 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 Earnings Yield (Joel Greenblatt) % for a Software company?
The median Earnings Yield (Joel Greenblatt) % among Software companies is 2.00, based on 2,903 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Intercede Group's current Earnings Yield (Joel Greenblatt) % of 14.25% is 612.5% 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 Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Intercede Group and its competitors. For the Software industry, the median Earnings Yield (Joel Greenblatt) % is 2.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Intercede Group's current Earnings Yield (Joel Greenblatt) % is 14.25%, which is 551% above median its own 10-year median of 2.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Intercede Group stock overvalued right now?
Intercede Group (IRCDF) has a current Earnings Yield (Joel Greenblatt) % of 14.25%. The stock's GF Value™ is $1.79, compared to a current price of $1.37 — trading 23.5% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 14.25%, which is 551% above median its 10-year median of 2.19 and 612.5% above the Software industry median of 2.00. Intercede Group's overall GF Score™ is 82/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For Intercede Group (IRCDF), the current Earnings Yield (Joel Greenblatt) % is 14.25% 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 Intercede Group (IRCDF) Overvalued in 2026?
Based on GuruFocus' analysis, Intercede Group stock appears to be undervalued.
The current stock price of $1.37 is trading 23.5% below its estimated GF Value™ of $1.79.
Key valuation signals for IRCDF:
Earnings Yield (Joel Greenblatt) %: 14.25% (551% above median its 10-year median of 2.19)
GF Value™: $1.79 vs. price of $1.37 (23.5% below fair value)
Industry Position: 612.5% above the Software median (#717 of 2903)
No single metric tells the full story. See the IRCDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Intercede Group PLC is an independent developer and supplier of identity and credential management software. Its product portfolio includes MyID, an identity, and credential management system, RapID is the password killer for killer apps, and MyTAM enables Android app developers and service providers to deploy trusted applications to the trusted execution environment simply and cost-effectively. The company serves a diverse range of markets including governments, enterprises, app developers, and service providers. It has operational footprints across the United Kingdom, the Rest of Europe, the Americas, and the Rest of the world. The majority of its revenue is derived from the Americas.
82GF Score
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