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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. Integral Ad Science Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 was 34.89%.
The historical rank and industry rank for Integral Ad Science Holding's ROC (Joel Greenblatt) % or its related term are showing as below:
IAS'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -376.84 Med: -17.54 Max: 109.29
Current: 67.98
During the past 6 years, Integral Ad Science Holding's highest ROC (Joel Greenblatt) % was 109.29%. The lowest was -376.84%. And the median was -17.54%.
IAS's ROC (Joel Greenblatt) % is not ranked
in the Media - Diversified industry.
Industry Median: 9.19
vs IAS: 67.98
Integral Ad Science Holding (NAS:IAS) 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.
Integral Ad Science Holding ROC (Joel Greenblatt) % Chart
IAS vs DV, ZD, STGW: ROC (Joel Greenblatt) % Comparison
For the Advertising Agencies subindustry, Integral Ad Science Holding'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.
Integral Ad Science Holding ROC (Joel Greenblatt) % vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Integral Ad Science Holding's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Integral Ad Science Holding's ROC (Joel Greenblatt) % falls into.
Integral Ad Science Holding 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 (Sep. 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 34.89% mean?
Integral Ad Science Holding (IAS) has a ROC (Joel Greenblatt) % of 34.89% as of Sep. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Integral Ad Science Holding and its competitors.
Is Integral Ad Science Holding's ROC (Joel Greenblatt) % too high?
Integral Ad Science Holding's current ROC (Joel Greenblatt) % is 34.89%. The Media - Diversified industry median ROC (Joel Greenblatt) % is 9.19. Integral Ad Science Holding's value of 34.89% is 279.7% above this industry median. Overall, Integral Ad Science Holding has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does Integral Ad Science Holding's ROC (Joel Greenblatt) % compare to DV and ZD?
Integral Ad Science Holding's ROC (Joel Greenblatt) % of 34.89% can be compared against companies in the Media - Diversified industry. The industry median ROC (Joel Greenblatt) % is 9.19. Integral Ad Science Holding's value of 34.89% is 279.7% above this benchmark. 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 Media - Diversified company?
The median ROC (Joel Greenblatt) % among Media - Diversified companies is 9.19, based on 1,015 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. Integral Ad Science Holding's current ROC (Joel Greenblatt) % of 34.89% is 279.7% 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 Integral Ad Science Holding and its competitors. For the Media - Diversified industry, the median ROC (Joel Greenblatt) % is 9.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Integral Ad Science Holding's current ROC (Joel Greenblatt) % is 34.89%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Integral Ad Science Holding stock overvalued right now?
Integral Ad Science Holding (IAS) has a current ROC (Joel Greenblatt) % of 34.89%. The stock's GF Value™ is $12.96, compared to a current price of $10.34 — trading 20.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is 34.89% and 279.7% above the Media - Diversified industry median of 9.19. Integral Ad Science Holding's overall GF Score™ is 69/100 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 Integral Ad Science Holding (IAS), the current ROC (Joel Greenblatt) % is 34.89% as of Sep. 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 Integral Ad Science Holding (IAS) Overvalued in 2026?
Based on GuruFocus' analysis, Integral Ad Science Holding stock appears to be undervalued.
The current stock price of $10.34 is trading 20.2% below its estimated GF Value™ of $12.96.
Key valuation signals for IAS:
ROC (Joel Greenblatt) %: 34.89%
GF Value™: $12.96 vs. price of $10.34 (20.2% below fair value)
Industry Position: 279.7% above the Media - Diversified median
No single metric tells the full story. See the IAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Integral Ad Science Holding Corp is a digital advertising verification company. The cloud-based technology platform of the company delivers independent measurement and verification of digital advertising across all devices, channels, and formats, including desktop, mobile, connected TV, social, display, and video. Geographically, the company derives a majority of its revenue from the Americas region.
69GF Score
Get the complete analysis for IAS
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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