Image Scan HoldingsFRA:LWN -22.58% ROC (Joel Greenblatt) % is 114.29% as of Mar. 2026, which is 128% above its 10-year median of 50.03. The stock has 6 warning signs investors should review. Among 1,080 Business Services companies, Image Scan Holdings ranks better than 80.28% 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. Image Scan Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 114.29%.
The historical rank and industry rank for Image Scan Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:LWN'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -134.28 Med: 50.03 Max: 2168.18
Current: 95.78
During the past 13 years, Image Scan Holdings's highest ROC (Joel Greenblatt) % was 2168.18%. The lowest was -134.28%. And the median was 50.03%.
FRA:LWN's ROC (Joel Greenblatt) % is ranked better than 80.28% of 1080
companies
in the Business Services industry
Industry Median: 20.865
vs FRA:LWN: 95.78
Image Scan Holdings'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.
Image Scan Holdings ROC (Joel Greenblatt) % Related Terms
Image Scan Holdings ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Image Scan Holdings'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:LWN vs ALLE, MSA, ADT: ROC (Joel Greenblatt) % Comparison
For the Security & Protection Services subindustry, Image Scan Holdings'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.
Image Scan Holdings ROC (Joel Greenblatt) % vs Business Services Industry
For the Business Services industry and Industrials sector, Image Scan Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Image Scan Holdings'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 (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 114.29% mean?
Image Scan Holdings (FRA:LWN) has a ROC (Joel Greenblatt) % of 114.29% 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 Image Scan Holdings and its competitors. This is 128% above median its historical median of 50.03. According to the industry distribution chart, Image Scan Holdings ranks #213 out of 1080 companies in the Business Services industry, placing it in the top 19.7%.
Is Image Scan Holdings' ROC (Joel Greenblatt) % too high?
Image Scan Holdings' current ROC (Joel Greenblatt) % of 114.29% is 128% above median its 10-year median of 50.03. The Business Services industry median ROC (Joel Greenblatt) % is 20.87. Image Scan Holdings' value of 114.29% is 447.8% above this industry median. Based on the distribution chart, Image Scan Holdings ranks #213 out of 1080 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers.
How does Image Scan Holdings' ROC (Joel Greenblatt) % compare to ALLE and MSA?
According to the Business Services industry distribution chart, Image Scan Holdings ranks #213 out of 1080 companies for ROC (Joel Greenblatt) %. This places Image Scan Holdings in the top 20% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 20.87. Image Scan Holdings' value of 114.29% is 447.8% above this benchmark. While the company's 10-year median is 50.03 vs. the industry median of 20.87, Image Scan Holdings 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 Business Services company?
The median ROC (Joel Greenblatt) % among Business Services companies is 20.87, based on 1,080 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. Image Scan Holdings's current ROC (Joel Greenblatt) % of 114.29% is 447.8% 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 Image Scan Holdings and its competitors. For the Business Services industry, the median ROC (Joel Greenblatt) % is 20.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Image Scan Holdings's current ROC (Joel Greenblatt) % is 114.29%, which is 128% above median its own 10-year median of 50.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Image Scan Holdings stock overvalued right now?
Image Scan Holdings (FRA:LWN) has a current ROC (Joel Greenblatt) % of 114.29%. The current ROC (Joel Greenblatt) % is 114.29%, which is 128% above median its 10-year median of 50.03 and 447.8% above the Business Services industry median of 20.87. 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 Image Scan Holdings (FRA:LWN), the current ROC (Joel Greenblatt) % is 114.29% 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.
Image Scan Holdings PLC is principally engaged in the development and sale of portable X-ray systems for security and counter-terrorism applications. Additionally, it also manufactures industrial X-ray inspection systems. The company offers a range of portable, rapid deployment, and static security solutions to several security sectors, including government and private security organisations. It serves police, military, security services, bomb disposal teams, prisons, ports, airports, cargo handlers, freight forwarders, corporate headquarters, mail rooms, and operators of stadiums and events. The company derives revenue from the sale of its equipment. Geographically, it generates the majority of revenue from the United Kingdom.
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