Investcorp CapitalADX:ICAP +0.62%27 ROC (Joel Greenblatt) % is 86.23% as of Mar. 2026, which is 43% below its 10-year median of 150.00. GuruFocus rates ADX:ICAP with a GF Score™ of 27/100. The stock has 10 warning signs investors should review. Among 627 Asset Management companies, Investcorp Capital ranks better than 58.05% 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. Investcorp Capital's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 86.23%.
The historical rank and industry rank for Investcorp Capital's ROC (Joel Greenblatt) % or its related term are showing as below:
ADX:ICAP'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 106.43 Med: 150 Max: 281.82
Current: 144.25
During the past 5 years, Investcorp Capital's highest ROC (Joel Greenblatt) % was 281.82%. The lowest was 106.43%. And the median was 150.00%.
ADX:ICAP's ROC (Joel Greenblatt) % is ranked better than 58.05% of 627
companies
in the Asset Management industry
Industry Median: 63.97
vs ADX:ICAP: 144.25
Investcorp Capital's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Investcorp Capital (ADX:ICAP) 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.
Investcorp Capital ROC (Joel Greenblatt) % Related Terms
Investcorp Capital ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Investcorp Capital'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.
ADX:ICAP vs BLK, BX, KKR: ROC (Joel Greenblatt) % Comparison
For the Asset Management subindustry, Investcorp Capital'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.
Investcorp Capital ROC (Joel Greenblatt) % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Investcorp Capital's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Investcorp Capital's ROC (Joel Greenblatt) % falls into.
Investcorp Capital 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 86.23% mean?
Investcorp Capital (ADX:ICAP) has a ROC (Joel Greenblatt) % of 86.23% 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 Investcorp Capital and its competitors. This is 43% below median its historical median of 150.00. Over the past decade, Investcorp Capital's ROC (Joel Greenblatt) % has ranged from 106.43 to 281.82. According to the industry distribution chart, Investcorp Capital ranks #263 out of 627 companies in the Asset Management industry, placing it in the top 41.9%.
Is Investcorp Capital's ROC (Joel Greenblatt) % too high?
Investcorp Capital's current ROC (Joel Greenblatt) % of 86.23% is 43% below median its 10-year median of 150.00. Over the past 10 years, this metric has ranged from a low of 106.43 to a high of 281.82. The Asset Management industry median ROC (Joel Greenblatt) % is 63.97. Investcorp Capital's value of 86.23% is 34.8% above this industry median. Based on the distribution chart, Investcorp Capital ranks #263 out of 627 companies in the Asset Management industry, which is above the industry midpoint. Overall, Investcorp Capital has a GF Score™ of 27/100, reflecting its overall financial health beyond just this single metric.
How does Investcorp Capital's ROC (Joel Greenblatt) % compare to BLK and BX?
According to the Asset Management industry distribution chart, Investcorp Capital ranks #263 out of 627 companies for ROC (Joel Greenblatt) %. This puts Investcorp Capital in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 63.97. Investcorp Capital's value of 86.23% is 34.8% above this benchmark. Historically, Investcorp Capital's own ROC (Joel Greenblatt) % has ranged from 106.43 to 281.82 over the past decade. While the company's 10-year median is 150.00 vs. the industry median of 63.97, Investcorp Capital 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 Asset Management company?
The median ROC (Joel Greenblatt) % among Asset Management companies is 63.97, based on 627 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. Investcorp Capital's current ROC (Joel Greenblatt) % of 86.23% is 34.8% 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 Investcorp Capital and its competitors. For the Asset Management industry, the median ROC (Joel Greenblatt) % is 63.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Investcorp Capital's current ROC (Joel Greenblatt) % is 86.23%, which is 43% below median its own 10-year median of 150.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Investcorp Capital stock overvalued right now?
Investcorp Capital (ADX:ICAP) has a current ROC (Joel Greenblatt) % of 86.23%. The current ROC (Joel Greenblatt) % is 86.23%, which is 43% below median its 10-year median of 150.00 and 34.8% above the Asset Management industry median of 63.97. Investcorp Capital's overall GF Score™ is 27/100 with 10 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 Investcorp Capital (ADX:ICAP), the current ROC (Joel Greenblatt) % is 86.23% 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.
Investcorp Capital PLC is a company whose main purpose is providing of capital and capital financing services in the alternative investments industry. The company has two reportable segments: Capital Financing Services and Capital Deployment.
27GF Score
Get the complete analysis for ADX:ICAP
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
ADX:ICAP has been successfully added to your 
