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GMO Internet groupFRA:IQ3 -0.96%81 ROC (Joel Greenblatt) % is 28.84% as of Dec. 2025, which is 47% below its 10-year median of 54.66. GuruFocus rates FRA:IQ3 with a GF Score™ of 81/100 and a GF Value™ of €17.79 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 365 Telecommunication Services companies, GMO Internet group ranks better than 79.45% 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. GMO Internet group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 28.84%.
The historical rank and industry rank for GMO Internet group's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:IQ3'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -56.06 Med: 54.66 Max: 93.51
Current: 39.47
During the past 13 years, GMO Internet group's highest ROC (Joel Greenblatt) % was 93.51%. The lowest was -56.06%. And the median was 54.66%.
FRA:IQ3's ROC (Joel Greenblatt) % is ranked better than 79.45% of 365
companies
in the Telecommunication Services industry
Industry Median: 14.86
vs FRA:IQ3: 39.47
GMO Internet group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -30.20% per year.
GMO Internet group (FRA:IQ3) 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.
GMO Internet group ROC (Joel Greenblatt) % Related Terms
GMO Internet group ROC (Joel Greenblatt) % Historical Data
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The historical data trend for GMO Internet 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.
FRA:IQ3 vs VZ, TMUS, T: ROC (Joel Greenblatt) % Comparison
For the Telecom Services subindustry, GMO Internet 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.
GMO Internet group ROC (Joel Greenblatt) % vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, GMO Internet group's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where GMO Internet group's ROC (Joel Greenblatt) % falls into.
GMO Internet 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 four times the quarterly (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 28.84% mean?
GMO Internet group (FRA:IQ3) has a ROC (Joel Greenblatt) % of 28.84% 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 GMO Internet group and its competitors. This is 47% below median its historical median of 54.66. According to the industry distribution chart, GMO Internet group ranks #75 out of 365 companies in the Telecommunication Services industry, placing it in the top 20.5%.
Is GMO Internet group's ROC (Joel Greenblatt) % too high?
GMO Internet group's current ROC (Joel Greenblatt) % of 28.84% is 47% below median its 10-year median of 54.66. The Telecommunication Services industry median ROC (Joel Greenblatt) % is 14.86. GMO Internet group's value of 28.84% is 94.1% above this industry median. Based on the distribution chart, GMO Internet group ranks #75 out of 365 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, GMO Internet group has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does GMO Internet group's ROC (Joel Greenblatt) % compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, GMO Internet group ranks #75 out of 365 companies for ROC (Joel Greenblatt) %. This places GMO Internet group in the top 21% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 14.86. GMO Internet group's value of 28.84% is 94.1% above this benchmark. While the company's 10-year median is 54.66 vs. the industry median of 14.86, GMO Internet 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 Telecommunication Services company?
The median ROC (Joel Greenblatt) % among Telecommunication Services companies is 14.86, 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. GMO Internet group's current ROC (Joel Greenblatt) % of 28.84% is 94.1% 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 GMO Internet group and its competitors. For the Telecommunication Services industry, the median ROC (Joel Greenblatt) % is 14.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GMO Internet group's current ROC (Joel Greenblatt) % is 28.84%, which is 47% below median its own 10-year median of 54.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GMO Internet group stock overvalued right now?
Based on GuruFocus' analysis, GMO Internet group (FRA:IQ3) is currently considered Modestly Overvalued. The stock's GF Value™ is €17.79, compared to a current price of €20.60 — trading 15.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is 28.84%, which is 47% below median its 10-year median of 54.66 and 94.1% above the Telecommunication Services industry median of 14.86. GMO Internet group's overall GF Score™ is 81/100 with 7 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 GMO Internet group (FRA:IQ3), the current ROC (Joel Greenblatt) % is 28.84% 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 GMO Internet group (FRA:IQ3) Overvalued in 2026?
Based on GuruFocus' analysis, GMO Internet group stock appears to be overvalued.
The current stock price of €20.60 is trading 15.8% above its estimated GF Value™ of €17.79.
GuruFocus considers GMO Internet group to be Modestly Overvalued.
Key valuation signals for FRA:IQ3:
ROC (Joel Greenblatt) %: 28.84% (47% below median its 10-year median of 54.66)
GF Value™: €17.79 vs. price of €20.60 (15.8% above fair value)
Industry Position: 94.1% above the Telecommunication Services median (#75 of 365)
No single metric tells the full story. See the FRA:IQ3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
GMO Internet group Inc operates through main segment namely, Internet infrastructure business, Internet advertising and media, Internet securities, Internet financial services and Cryptocurrency. Internet infrastructure, the key segment, provides basic Internet services, such as domain hosting and e-commerce payments. Online advertising and media segment provides marketing services for online businesses. The Internet securities division provides consumer financial services, and the Cryptocurrency segment operates business pertaining to mining and exchange of cryptocurrency. The company generates the vast majority of revenue in Japan.
81GF Score
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