IPD GroupASX:IPG -2.99%67 ROC (Joel Greenblatt) % is 43.72% as of Dec. 2025, which is 8% below its 10-year median of 47.78. GuruFocus rates ASX:IPG with a GF Score™ of 67/100 and a GF Value™ of A$5.94 (Fairly Valued). The stock has 4 warning signs investors should review. Among 3,060 Industrial Products companies, IPD Group ranks better than 84.97% 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. IPD Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 43.72%.
The historical rank and industry rank for IPD Group's ROC (Joel Greenblatt) % or its related term are showing as below:
ASX:IPG'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 38.99 Med: 47.78 Max: 59.85
Current: 38.99
During the past 5 years, IPD Group's highest ROC (Joel Greenblatt) % was 59.85%. The lowest was 38.99%. And the median was 47.78%.
ASX:IPG's ROC (Joel Greenblatt) % is ranked better than 84.97% of 3060
companies
in the Industrial Products industry
Industry Median: 11.7
vs ASX:IPG: 38.99
IPD Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
IPD Group (ASX:IPG) 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.
The historical data trend for IPD Group'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.
ASX:IPG vs GEV, ETN, PH: ROC (Joel Greenblatt) % Comparison
For the Specialty Industrial Machinery subindustry, IPD Group'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.
IPD Group ROC (Joel Greenblatt) % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, IPD Group's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where IPD Group'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 43.72% mean?
IPD Group (ASX:IPG) has a ROC (Joel Greenblatt) % of 43.72% 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 IPD Group and its competitors. This is near median its historical median of 47.78. Over the past decade, IPD Group's ROC (Joel Greenblatt) % has ranged from 38.99 to 59.85. According to the industry distribution chart, IPD Group ranks #460 out of 3060 companies in the Industrial Products industry, placing it in the top 15%.
Is IPD Group's ROC (Joel Greenblatt) % too high?
IPD Group's current ROC (Joel Greenblatt) % of 43.72% is near median its 10-year median of 47.78. Over the past 10 years, this metric has ranged from a low of 38.99 to a high of 59.85. The Industrial Products industry median ROC (Joel Greenblatt) % is 11.70. IPD Group's value of 43.72% is 273.7% above this industry median. Based on the distribution chart, IPD Group ranks #460 out of 3060 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, IPD Group has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does IPD Group's ROC (Joel Greenblatt) % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, IPD Group ranks #460 out of 3060 companies for ROC (Joel Greenblatt) %. This places IPD Group in the top 15% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.70. IPD Group's value of 43.72% is 273.7% above this benchmark. Historically, IPD Group's own ROC (Joel Greenblatt) % has ranged from 38.99 to 59.85 over the past decade. While the company's 10-year median is 47.78 vs. the industry median of 11.70, IPD 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 ROC (Joel Greenblatt) % for an Industrial Products company?
The median ROC (Joel Greenblatt) % among Industrial Products companies is 11.70, based on 3,060 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. IPD Group's current ROC (Joel Greenblatt) % of 43.72% is 273.7% 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 IPD Group and its competitors. For the Industrial Products industry, the median ROC (Joel Greenblatt) % is 11.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IPD Group's current ROC (Joel Greenblatt) % is 43.72%, which is near median its own 10-year median of 47.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IPD Group stock overvalued right now?
Based on GuruFocus' analysis, IPD Group (ASX:IPG) is currently considered Fairly Valued. The stock's GF Value™ is A$5.94, compared to a current price of A$5.51 — trading 7.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is 43.72%, which is near median its 10-year median of 47.78 and 273.7% above the Industrial Products industry median of 11.70. IPD Group's overall GF Score™ is 67/100 with 4 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 IPD Group (ASX:IPG), the current ROC (Joel Greenblatt) % is 43.72% 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 IPD Group (ASX:IPG) Overvalued in 2026?
Based on GuruFocus' analysis, IPD Group stock appears to be undervalued.
The current stock price of A$5.51 is trading 7.2% below its estimated GF Value™ of A$5.94.
GuruFocus considers IPD Group to be Fairly Valued.
Key valuation signals for ASX:IPG:
ROC (Joel Greenblatt) %: 43.72% (near median its 10-year median of 47.78)
GF Value™: A$5.94 vs. price of A$5.51 (7.2% below fair value)
Industry Position: 273.7% above the Industrial Products median (#460 of 3060)
No single metric tells the full story. See the ASX:IPG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IPD Group Ltd is a national distributor and service provider to the Australian electrical market. Its operating segment includes the Products division and Services division. The majority of the company's revenue is generated from its Products division, which is focused on the sale of electrical infrastructure products to customers, including switchboard manufacturers, electrical wholesalers, electrical contractors, power utilities, OEMs, and system integrators. It offers products across various categories such as power distribution, industrial and motor control, power monitoring, and electrical cables and cable plugs, among others. The Services division provides various services, including installation and commissioning, calibration and testing, maintenance and repairs, and refurbishment.
67GF Score
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