discoverIE GroupCHIX:DSCVL +0.91%82 ROC (Joel Greenblatt) % is 39.77% as of Mar. 2026, which is 35% above its 10-year median of 29.54. GuruFocus rates CHIX:DSCVL with a GF Score™ of 82/100 and a GF Value™ of £6.94 (Fairly Valued). The stock has 4 warning signs investors should review. Among 2,496 Hardware companies, discoverIE Group ranks better than 83.89% 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. discoverIE Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 39.77%.
The historical rank and industry rank for discoverIE Group's ROC (Joel Greenblatt) % or its related term are showing as below:
CHIX:DSCVl'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 13.21 Med: 29.54 Max: 43.14
Current: 40.8
During the past 13 years, discoverIE Group's highest ROC (Joel Greenblatt) % was 43.14%. The lowest was 13.21%. And the median was 29.54%.
CHIX:DSCVl's ROC (Joel Greenblatt) % is ranked better than 83.89% of 2496
companies
in the Hardware industry
Industry Median: 10.355
vs CHIX:DSCVl: 40.80
discoverIE Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 16.80% per year.
discoverIE Group (CHIX:DSCVl) 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.
discoverIE Group ROC (Joel Greenblatt) % Related Terms
discoverIE Group ROC (Joel Greenblatt) % Historical Data
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The historical data trend for discoverIE 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.
CHIX:DSCVL vs APH, GLW, TEL: ROC (Joel Greenblatt) % Comparison
For the Electronic Components subindustry, discoverIE 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.
discoverIE Group ROC (Joel Greenblatt) % vs Hardware Industry
For the Hardware industry and Technology sector, discoverIE Group's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where discoverIE Group's ROC (Joel Greenblatt) % falls into.
discoverIE Group 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 two times the semi-annual (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 39.77% mean?
discoverIE Group (CHIX:DSCVL) has a ROC (Joel Greenblatt) % of 39.77% 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 discoverIE Group and its competitors. This is 35% above median its historical median of 29.54. Over the past decade, discoverIE Group's ROC (Joel Greenblatt) % has ranged from 13.21 to 43.14. According to the industry distribution chart, discoverIE Group ranks #402 out of 2496 companies in the Hardware industry, placing it in the top 16.1%.
Is discoverIE Group's ROC (Joel Greenblatt) % too high?
discoverIE Group's current ROC (Joel Greenblatt) % of 39.77% is 35% above median its 10-year median of 29.54. Over the past 10 years, this metric has ranged from a low of 13.21 to a high of 43.14. The Hardware industry median ROC (Joel Greenblatt) % is 10.36. discoverIE Group's value of 39.77% is 284.1% above this industry median. Based on the distribution chart, discoverIE Group ranks #402 out of 2496 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, discoverIE Group has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does discoverIE Group's ROC (Joel Greenblatt) % compare to APH and GLW?
According to the Hardware industry distribution chart, discoverIE Group ranks #402 out of 2496 companies for ROC (Joel Greenblatt) %. This places discoverIE Group in the top 16% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 10.36. discoverIE Group's value of 39.77% is 284.1% above this benchmark. Historically, discoverIE Group's own ROC (Joel Greenblatt) % has ranged from 13.21 to 43.14 over the past decade. While the company's 10-year median is 29.54 vs. the industry median of 10.36, discoverIE 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 a Hardware company?
The median ROC (Joel Greenblatt) % among Hardware companies is 10.36, based on 2,496 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. discoverIE Group's current ROC (Joel Greenblatt) % of 39.77% is 284.1% 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 discoverIE Group and its competitors. For the Hardware industry, the median ROC (Joel Greenblatt) % is 10.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. discoverIE Group's current ROC (Joel Greenblatt) % is 39.77%, which is 35% above median its own 10-year median of 29.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is discoverIE Group stock overvalued right now?
Based on GuruFocus' analysis, discoverIE Group (CHIX:DSCVL) is currently considered Fairly Valued. The stock's GF Value™ is £6.94, compared to a current price of £6.63 — trading 4.5% below its estimated fair value. The current ROC (Joel Greenblatt) % is 39.77%, which is 35% above median its 10-year median of 29.54 and 284.1% above the Hardware industry median of 10.36. discoverIE Group's overall GF Score™ is 82/100 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 discoverIE Group (CHIX:DSCVL), the current ROC (Joel Greenblatt) % is 39.77% 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 discoverIE Group (CHIX:DSCVL) Overvalued in 2026?
Based on GuruFocus' analysis, discoverIE Group stock appears to be undervalued.
The current stock price of £6.63 is trading 4.5% below its estimated GF Value™ of £6.94.
GuruFocus considers discoverIE Group to be Fairly Valued.
Key valuation signals for CHIX:DSCVL:
ROC (Joel Greenblatt) %: 39.77% (35% above median its 10-year median of 29.54)
GF Value™: £6.94 vs. price of £6.63 (4.5% below fair value)
Industry Position: 284.1% above the Hardware median (#402 of 2496)
No single metric tells the full story. See the CHIX:DSCVL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
discoverIE Group PLC is a United Kingdom-based electronics manufacturing company. The company designs, manufactures, and distributes customer-specific electronic components and solutions. The company's segments include the Magnetics and Controls division (M&C) and the Sensing and Connectivity division (S&C). The company generates the majority of revenue from the M&C segment. Geographically, the company operates in the UK, Europe, North America, Asia, and the Rest of the world.
82GF Score
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