Maroc TelecomCAS:IAM +0.11%76 ROC (Joel Greenblatt) % is 33.43% as of Dec. 2025, which is 2% below its 10-year median of 34.23. GuruFocus rates CAS:IAM with a GF Score™ of 76/100 and a GF Value™ of MAD99.42 (Fairly Valued). The stock has 4 warning signs investors should review. Among 365 Telecommunication Services companies, Maroc Telecom ranks better than 80.82% 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. Maroc Telecom's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 33.43%.
The historical rank and industry rank for Maroc Telecom's ROC (Joel Greenblatt) % or its related term are showing as below:
CAS:IAM'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 18.59 Med: 34.23 Max: 40.19
Current: 40.19
During the past 13 years, Maroc Telecom's highest ROC (Joel Greenblatt) % was 40.19%. The lowest was 18.59%. And the median was 34.23%.
CAS:IAM's ROC (Joel Greenblatt) % is ranked better than 80.82% of 365
companies
in the Telecommunication Services industry
Industry Median: 14.96
vs CAS:IAM: 40.19
Maroc Telecom's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -3.60% 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.
Maroc Telecom ROC (Joel Greenblatt) % Related Terms
Maroc Telecom ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Maroc Telecom'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.
CAS:IAM vs TMUS, VZ, T: ROC (Joel Greenblatt) % Comparison
For the Telecom Services subindustry, Maroc Telecom'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.
Maroc Telecom ROC (Joel Greenblatt) % vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Maroc Telecom's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Maroc Telecom'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 33.43% mean?
Maroc Telecom (CAS:IAM) has a ROC (Joel Greenblatt) % of 33.43% 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 Maroc Telecom and its competitors. This is near median its historical median of 34.23. Over the past decade, Maroc Telecom's ROC (Joel Greenblatt) % has ranged from 18.59 to 40.19. According to the industry distribution chart, Maroc Telecom ranks #70 out of 365 companies in the Telecommunication Services industry, placing it in the top 19.2%.
Is Maroc Telecom's ROC (Joel Greenblatt) % too high?
Maroc Telecom's current ROC (Joel Greenblatt) % of 33.43% is near median its 10-year median of 34.23. Over the past 10 years, this metric has ranged from a low of 18.59 to a high of 40.19. The Telecommunication Services industry median ROC (Joel Greenblatt) % is 14.96. Maroc Telecom's value of 33.43% is 123.5% above this industry median. Based on the distribution chart, Maroc Telecom ranks #70 out of 365 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, Maroc Telecom has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Maroc Telecom's ROC (Joel Greenblatt) % compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Maroc Telecom ranks #70 out of 365 companies for ROC (Joel Greenblatt) %. This places Maroc Telecom in the top 19% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 14.96. Maroc Telecom's value of 33.43% is 123.5% above this benchmark. Historically, Maroc Telecom's own ROC (Joel Greenblatt) % has ranged from 18.59 to 40.19 over the past decade. While the company's 10-year median is 34.23 vs. the industry median of 14.96, Maroc Telecom 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 Telecommunication Services company?
The median ROC (Joel Greenblatt) % among Telecommunication Services companies is 14.96, based on 365 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. Maroc Telecom's current ROC (Joel Greenblatt) % of 33.43% is 123.5% 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 Maroc Telecom and its competitors. For the Telecommunication Services industry, the median ROC (Joel Greenblatt) % is 14.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maroc Telecom's current ROC (Joel Greenblatt) % is 33.43%, which is near median its own 10-year median of 34.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maroc Telecom stock overvalued right now?
Based on GuruFocus' analysis, Maroc Telecom (CAS:IAM) is currently considered Fairly Valued. The stock's GF Value™ is MAD99.42, compared to a current price of MAD92.00 — trading 7.5% below its estimated fair value. The current ROC (Joel Greenblatt) % is 33.43%, which is near median its 10-year median of 34.23 and 123.5% above the Telecommunication Services industry median of 14.96. Maroc Telecom's overall GF Score™ is 76/100 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 Maroc Telecom (CAS:IAM), the current ROC (Joel Greenblatt) % is 33.43% 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 Maroc Telecom (CAS:IAM) Overvalued in 2026?
Based on GuruFocus' analysis, Maroc Telecom stock appears to be undervalued.
The current stock price of MAD92.00 is trading 7.5% below its estimated GF Value™ of MAD99.42.
GuruFocus considers Maroc Telecom to be Fairly Valued.
Key valuation signals for CAS:IAM:
ROC (Joel Greenblatt) %: 33.43% (near median its 10-year median of 34.23)
GF Value™: MAD99.42 vs. price of MAD92.00 (7.5% below fair value)
Industry Position: 123.5% above the Telecommunication Services median (#70 of 365)
No single metric tells the full story. See the CAS:IAM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Maroc Telecom SA telecommunications operator in the Kingdom of Morocco. The company provides a wide range of services covering Fixed-Line and Mobile communications, data transfer, and other value-added services. It operates in the Fixed-Line telephony, Mobile telephony and Internet segments. The Fixed-Line and Mobile operating segments are combined within the Services Division (DGS) and the Networks and Systems Division. The company derives majority revenues from Morocco.
76GF Score
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