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Itausa Investimentos ITAUBSP:ITSA4 -1.01%75 ROC (Joel Greenblatt) % is 326.26% as of Mar. 2026, which is 15% above its 10-year median of 284.47. GuruFocus rates BSP:ITSA4 with a GF Score™ of 75/100 and a GF Value™ of R$10.30 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 563 Conglomerates companies, Itausa Investimentos ITAU ranks better than 96.27% 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. Itausa Investimentos ITAU's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 326.26%.
The historical rank and industry rank for Itausa Investimentos ITAU's ROC (Joel Greenblatt) % or its related term are showing as below:
BSP:ITSA4'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 171.77 Med: 284.47 Max: 385.36
Current: 318.79
During the past 13 years, Itausa Investimentos ITAU's highest ROC (Joel Greenblatt) % was 385.36%. The lowest was 171.77%. And the median was 284.47%.
BSP:ITSA4's ROC (Joel Greenblatt) % is ranked better than 96.27% of 563
companies
in the Conglomerates industry
Industry Median: 14.68
vs BSP:ITSA4: 318.79
Itausa Investimentos ITAU's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 7.00% 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.
Itausa Investimentos ITAU ROC (Joel Greenblatt) % Related Terms
Itausa Investimentos ITAU ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Itausa Investimentos ITAU'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.
BSP:ITSA4 vs HON, MMM: ROC (Joel Greenblatt) % Comparison
For the Conglomerates subindustry, Itausa Investimentos ITAU'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.
Itausa Investimentos ITAU ROC (Joel Greenblatt) % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Itausa Investimentos ITAU's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Itausa Investimentos ITAU'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 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 326.26% mean?
Itausa Investimentos ITAU (BSP:ITSA4) has a ROC (Joel Greenblatt) % of 326.26% 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 Itausa Investimentos ITAU and its competitors. This is 15% above median its historical median of 284.47. Over the past decade, Itausa Investimentos ITAU's ROC (Joel Greenblatt) % has ranged from 171.77 to 385.36. According to the industry distribution chart, Itausa Investimentos ITAU ranks #21 out of 563 companies in the Conglomerates industry, placing it in the top 3.7%.
Is Itausa Investimentos ITAU's ROC (Joel Greenblatt) % too high?
Itausa Investimentos ITAU's current ROC (Joel Greenblatt) % of 326.26% is 15% above median its 10-year median of 284.47. Over the past 10 years, this metric has ranged from a low of 171.77 to a high of 385.36. The Conglomerates industry median ROC (Joel Greenblatt) % is 14.68. Itausa Investimentos ITAU's value of 326.26% is 2122.5% above this industry median. Based on the distribution chart, Itausa Investimentos ITAU ranks #21 out of 563 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Itausa Investimentos ITAU has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Itausa Investimentos ITAU's ROC (Joel Greenblatt) % compare to HON and MMM?
According to the Conglomerates industry distribution chart, Itausa Investimentos ITAU ranks #21 out of 563 companies for ROC (Joel Greenblatt) %. This places Itausa Investimentos ITAU in the top 4% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 14.68. Itausa Investimentos ITAU's value of 326.26% is 2122.5% above this benchmark. Historically, Itausa Investimentos ITAU's own ROC (Joel Greenblatt) % has ranged from 171.77 to 385.36 over the past decade. While the company's 10-year median is 284.47 vs. the industry median of 14.68, Itausa Investimentos ITAU 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 Conglomerates company?
The median ROC (Joel Greenblatt) % among Conglomerates companies is 14.68, based on 563 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. Itausa Investimentos ITAU's current ROC (Joel Greenblatt) % of 326.26% is 2122.5% 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 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 Itausa Investimentos ITAU and its competitors. For the Conglomerates industry, the median ROC (Joel Greenblatt) % is 14.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Itausa Investimentos ITAU's current ROC (Joel Greenblatt) % is 326.26%, which is 15% above median its own 10-year median of 284.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Itausa Investimentos ITAU stock overvalued right now?
Based on GuruFocus' analysis, Itausa Investimentos ITAU (BSP:ITSA4) is currently considered Significantly Overvalued. The stock's GF Value™ is R$10.30, compared to a current price of R$13.79 — trading 33.9% above its estimated fair value. The current ROC (Joel Greenblatt) % is 326.26%, which is 15% above median its 10-year median of 284.47 and 2122.5% above the Conglomerates industry median of 14.68. Itausa Investimentos ITAU's overall GF Score™ is 75/100 with 9 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 Itausa Investimentos ITAU (BSP:ITSA4), the current ROC (Joel Greenblatt) % is 326.26% 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 Itausa Investimentos ITAU (BSP:ITSA4) Overvalued in 2026?
Based on GuruFocus' analysis, Itausa Investimentos ITAU stock appears to be overvalued.
The current stock price of R$13.79 is trading 33.9% above its estimated GF Value™ of R$10.30.
GuruFocus considers Itausa Investimentos ITAU to be Significantly Overvalued.
Key valuation signals for BSP:ITSA4:
ROC (Joel Greenblatt) %: 326.26% (15% above median its 10-year median of 284.47)
GF Value™: R$10.30 vs. price of R$13.79 (33.9% above fair value)
Industry Position: 2122.5% above the Conglomerates median (#21 of 563)
No single metric tells the full story. See the BSP:ITSA4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Itausa Investimentos ITAU SA is a Brazilian investment holding company. The purpose of the company is to hold equity interests in other companies, in Brazil or abroad, for investment in any sectors of the economy, including through investment funds, disseminating among its investees its principles of appreciation of human capital, governance, and ethics in business. Its portfolio consists of brands such as Itau Unibanco, Motiva, Alpargatas, Aegea, Copa Energia, and Nova Transportadora do Sudeste (NTS). The majority of the revenue for the company is generated from Itau Unibanco, which is a banking institution that offers, directly or using its subsidiaries, a broad range of credit products and other financial services to a diversified individual & corporate client base in Brazil and abroad.
75GF Score
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