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Innovative Solutions and SupportFRA:IOE -0.13%76 ROC (Joel Greenblatt) % is 37.98% as of Mar. 2026, which is 60% above its 10-year median of 23.77. GuruFocus rates FRA:IOE with a GF Score™ of 76/100 and a GF Value™ of €15.04 (Fairly Valued). The stock has 3 warning signs investors should review. Among 357 Aerospace & Defense companies, Innovative Solutions and Support ranks better than 85.99% 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. Innovative Solutions and Support's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 37.98%.
The historical rank and industry rank for Innovative Solutions and Support's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:IOE'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -29.96 Med: 23.77 Max: 51.82
Current: 50.86
During the past 13 years, Innovative Solutions and Support's highest ROC (Joel Greenblatt) % was 51.82%. The lowest was -29.96%. And the median was 23.77%.
FRA:IOE's ROC (Joel Greenblatt) % is ranked better than 85.99% of 357
companies
in the Aerospace & Defense industry
Industry Median: 10.76
vs FRA:IOE: 50.86
Innovative Solutions and Support (FRA:IOE) 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.
* 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.
Innovative Solutions and Support ROC (Joel Greenblatt) % Chart
FRA:IOE vs SPCE, BUKS, POWW: ROC (Joel Greenblatt) % Comparison
For the Aerospace & Defense subindustry, Innovative Solutions and Support'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.
Innovative Solutions and Support ROC (Joel Greenblatt) % vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Innovative Solutions and Support's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Innovative Solutions and Support's ROC (Joel Greenblatt) % falls into.
Innovative Solutions and Support 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 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 37.98% mean?
Innovative Solutions and Support (FRA:IOE) has a ROC (Joel Greenblatt) % of 37.98% 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 Innovative Solutions and Support and its competitors. This is 60% above median its historical median of 23.77. According to the industry distribution chart, Innovative Solutions and Support ranks #50 out of 357 companies in the Aerospace & Defense industry, placing it in the top 14%.
Is Innovative Solutions and Support's ROC (Joel Greenblatt) % too high?
Innovative Solutions and Support's current ROC (Joel Greenblatt) % of 37.98% is 60% above median its 10-year median of 23.77. The Aerospace & Defense industry median ROC (Joel Greenblatt) % is 10.76. Innovative Solutions and Support's value of 37.98% is 253% above this industry median. Based on the distribution chart, Innovative Solutions and Support ranks #50 out of 357 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. Overall, Innovative Solutions and Support has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Innovative Solutions and Support's ROC (Joel Greenblatt) % compare to SPCE and BUKS?
According to the Aerospace & Defense industry distribution chart, Innovative Solutions and Support ranks #50 out of 357 companies for ROC (Joel Greenblatt) %. This places Innovative Solutions and Support in the top 14% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 10.76. Innovative Solutions and Support's value of 37.98% is 253% above this benchmark. While the company's 10-year median is 23.77 vs. the industry median of 10.76, Innovative Solutions and Support 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 Aerospace & Defense company?
The median ROC (Joel Greenblatt) % among Aerospace & Defense companies is 10.76, based on 357 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. Innovative Solutions and Support's current ROC (Joel Greenblatt) % of 37.98% is 253% 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 Innovative Solutions and Support and its competitors. For the Aerospace & Defense industry, the median ROC (Joel Greenblatt) % is 10.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Innovative Solutions and Support's current ROC (Joel Greenblatt) % is 37.98%, which is 60% above median its own 10-year median of 23.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Innovative Solutions and Support stock overvalued right now?
Based on GuruFocus' analysis, Innovative Solutions and Support (FRA:IOE) is currently considered Fairly Valued. The stock's GF Value™ is €15.04, compared to a current price of €15.96 — trading 6.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 37.98%, which is 60% above median its 10-year median of 23.77 and 253% above the Aerospace & Defense industry median of 10.76. Innovative Solutions and Support's overall GF Score™ is 76/100 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 Innovative Solutions and Support (FRA:IOE), the current ROC (Joel Greenblatt) % is 37.98% 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 Innovative Solutions and Support (FRA:IOE) Overvalued in 2026?
Based on GuruFocus' analysis, Innovative Solutions and Support stock appears to be overvalued.
The current stock price of €15.96 is trading 6.1% above its estimated GF Value™ of €15.04.
GuruFocus considers Innovative Solutions and Support to be Fairly Valued.
Key valuation signals for FRA:IOE:
ROC (Joel Greenblatt) %: 37.98% (60% above median its 10-year median of 23.77)
GF Value™: €15.04 vs. price of €15.96 (6.1% above fair value)
Industry Position: 253% above the Aerospace & Defense median (#50 of 357)
No single metric tells the full story. See the FRA:IOE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Innovative Solutions and Support Business Description
Innovative Solutions and Support Inc is a systems integrator that designs, manufactures, sells, and services air data equipment, engine display systems, standby equipment, primary flight guidance, and cockpit display systems for retrofit applications and original equipment manufacturers. The company supplies integrated Flight Management Systems, Flat Panel Display Systems, Integrated Standby Units, Positioning System receivers that enable reduced carbon footprint navigation, and an Autothrottle, which allows a pilot to automatically control the power setting of the engine and is designed to reduce pilot workload and enhance safety. It sells its products to both the OEM and the retrofit markets.
76GF Score
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