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iRadimedFRA:46K -2.38%94 ROC (Joel Greenblatt) % is 67.86% as of Mar. 2026, which is 20% below its 10-year median of 84.65. GuruFocus rates FRA:46K with a GF Score™ of 94/100 and a GF Value™ of €57.81 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 838 Medical Devices & Instruments companies, iRadimed ranks better than 93.79% 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. iRadimed's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 67.86%.
The historical rank and industry rank for iRadimed's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:46K'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -6.29 Med: 84.65 Max: 199.05
Current: 69.68
During the past 13 years, iRadimed's highest ROC (Joel Greenblatt) % was 199.05%. The lowest was -6.29%. And the median was 84.65%.
FRA:46K's ROC (Joel Greenblatt) % is ranked better than 93.79% of 838
companies
in the Medical Devices & Instruments industry
Industry Median: 4.145
vs FRA:46K: 69.68
iRadimed's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% 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.
The historical data trend for iRadimed'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.
FRA:46K vs AVNS, LMRI, AORT: ROC (Joel Greenblatt) % Comparison
For the Medical Devices subindustry, iRadimed'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.
iRadimed ROC (Joel Greenblatt) % vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, iRadimed's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where iRadimed'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 67.86% mean?
iRadimed (FRA:46K) has a ROC (Joel Greenblatt) % of 67.86% 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 iRadimed and its competitors. This is 20% below median its historical median of 84.65. According to the industry distribution chart, iRadimed ranks #52 out of 838 companies in the Medical Devices & Instruments industry, placing it in the top 6.2%.
Is iRadimed's ROC (Joel Greenblatt) % too high?
iRadimed's current ROC (Joel Greenblatt) % of 67.86% is 20% below median its 10-year median of 84.65. The Medical Devices & Instruments industry median ROC (Joel Greenblatt) % is 4.15. iRadimed's value of 67.86% is 1537.2% above this industry median. Based on the distribution chart, iRadimed ranks #52 out of 838 companies in the Medical Devices & Instruments industry, which is in the top quartile — a strong position relative to peers. Overall, iRadimed has a GF Score™ of 94/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does iRadimed's ROC (Joel Greenblatt) % compare to AVNS and LMRI?
According to the Medical Devices & Instruments industry distribution chart, iRadimed ranks #52 out of 838 companies for ROC (Joel Greenblatt) %. This places iRadimed in the top 6% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 4.15. iRadimed's value of 67.86% is 1537.2% above this benchmark. While the company's 10-year median is 84.65 vs. the industry median of 4.15, iRadimed 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 Medical Devices & Instruments company?
The median ROC (Joel Greenblatt) % among Medical Devices & Instruments companies is 4.15, based on 838 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. iRadimed's current ROC (Joel Greenblatt) % of 67.86% is 1537.2% 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 iRadimed and its competitors. For the Medical Devices & Instruments industry, the median ROC (Joel Greenblatt) % is 4.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. iRadimed's current ROC (Joel Greenblatt) % is 67.86%, which is 20% below median its own 10-year median of 84.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is iRadimed stock overvalued right now?
Based on GuruFocus' analysis, iRadimed (FRA:46K) is currently considered Significantly Overvalued. The stock's GF Value™ is €57.81, compared to a current price of €82.00 — trading 41.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is 67.86%, which is 20% below median its 10-year median of 84.65 and 1537.2% above the Medical Devices & Instruments industry median of 4.15. iRadimed's overall GF Score™ is 94/100 with 3 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 iRadimed (FRA:46K), the current ROC (Joel Greenblatt) % is 67.86% 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 iRadimed (FRA:46K) Overvalued in 2026?
Based on GuruFocus' analysis, iRadimed stock appears to be overvalued.
The current stock price of €82.00 is trading 41.8% above its estimated GF Value™ of €57.81.
GuruFocus considers iRadimed to be Significantly Overvalued.
Key valuation signals for FRA:46K:
ROC (Joel Greenblatt) %: 67.86% (20% below median its 10-year median of 84.65)
GF Value™: €57.81 vs. price of €82.00 (41.8% above fair value)
Industry Position: 1537.2% above the Medical Devices & Instruments median (#52 of 838)
No single metric tells the full story. See the FRA:46K stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
iRadimed Corp develops, manufactures, markets, and distributes a Magnetic Resonance Imaging (MRI) compatible intravenous (IV) infusion pump system, and MRI compatible patient vital signs monitoring system, and accessories and services relating to them. The company provides a non-magnetic IV infusion pump system, which is designed to be safe for use during MRI procedures. The MRI products of the company are sold to hospitals and acute care facilities in the United States and internationally. It generates the majority revenue from United States.
94GF Score
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