IES HoldingsIESC -6.74%85 ROC (Joel Greenblatt) % is 118.15% as of Mar. 2026, which is 93% above its 10-year median of 61.29. GuruFocus rates IESC with a GF Score™ of 85/100 and a GF Value™ of $261.85 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,781 Construction companies, IES Holdings ranks better than 87.93% 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. IES Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 118.15%.
The historical rank and industry rank for IES Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
IESC'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 22.96 Med: 61.29 Max: 132.65
Current: 102.64
During the past 13 years, IES Holdings's highest ROC (Joel Greenblatt) % was 132.65%. The lowest was 22.96%. And the median was 61.29%.
IESC's ROC (Joel Greenblatt) % is ranked better than 87.93% of 1781
companies
in the Construction industry
Industry Median: 19.37
vs IESC: 102.64
IES Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 14.80% 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.
IES Holdings ROC (Joel Greenblatt) % Related Terms
IES Holdings ROC (Joel Greenblatt) % Historical Data
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The historical data trend for IES 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.
IESC vs J, BLD, DY: ROC (Joel Greenblatt) % Comparison
For the Engineering & Construction subindustry, IES 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.
IES Holdings ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, IES Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where IES 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 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 118.15% mean?
IES Holdings (IESC) has a ROC (Joel Greenblatt) % of 118.15% 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 IES Holdings and its competitors. This is 93% above median its historical median of 61.29. Over the past decade, IES Holdings' ROC (Joel Greenblatt) % has ranged from 22.96 to 132.65. According to the industry distribution chart, IES Holdings ranks #215 out of 1781 companies in the Construction industry, placing it in the top 12.1%.
Is IES Holdings' ROC (Joel Greenblatt) % too high?
IES Holdings' current ROC (Joel Greenblatt) % of 118.15% is 93% above median its 10-year median of 61.29. Over the past 10 years, this metric has ranged from a low of 22.96 to a high of 132.65. The Construction industry median ROC (Joel Greenblatt) % is 19.37. IES Holdings' value of 118.15% is 510% above this industry median. Based on the distribution chart, IES Holdings ranks #215 out of 1781 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, IES Holdings has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does IES Holdings' ROC (Joel Greenblatt) % compare to J and BLD?
According to the Construction industry distribution chart, IES Holdings ranks #215 out of 1781 companies for ROC (Joel Greenblatt) %. This places IES Holdings in the top 12% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 19.37. IES Holdings' value of 118.15% is 510% above this benchmark. Historically, IES Holdings' own ROC (Joel Greenblatt) % has ranged from 22.96 to 132.65 over the past decade. While the company's 10-year median is 61.29 vs. the industry median of 19.37, IES 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 Construction company?
The median ROC (Joel Greenblatt) % among Construction companies is 19.37, based on 1,781 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. IES Holdings's current ROC (Joel Greenblatt) % of 118.15% is 510% 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 IES Holdings and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IES Holdings's current ROC (Joel Greenblatt) % is 118.15%, which is 93% above median its own 10-year median of 61.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IES Holdings stock overvalued right now?
Based on GuruFocus' analysis, IES Holdings (IESC) is currently considered Significantly Overvalued. The stock's GF Value™ is $261.85, compared to a current price of $714.90 — trading 173% above its estimated fair value. The current ROC (Joel Greenblatt) % is 118.15%, which is 93% above median its 10-year median of 61.29 and 510% above the Construction industry median of 19.37. IES Holdings' overall GF Score™ is 85/100 with 5 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 IES Holdings (IESC), the current ROC (Joel Greenblatt) % is 118.15% 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 IES Holdings (IESC) Overvalued in 2026?
Based on GuruFocus' analysis, IES Holdings stock appears to be overvalued.
The current stock price of $714.90 is trading 173% above its estimated GF Value™ of $261.85.
GuruFocus considers IES Holdings to be Significantly Overvalued.
Key valuation signals for IESC:
ROC (Joel Greenblatt) %: 118.15% (93% above median its 10-year median of 61.29)
GF Value™: $261.85 vs. price of $714.90 (173% above fair value)
Industry Position: 510% above the Construction median (#215 of 1781)
No single metric tells the full story. See the IESC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IES Holdings Inc owns and manages subsidiaries that design and installs integrated electrical and technology systems and provide infrastructure products and services. It has four business segments; Communications, Residential, Infrastructure Solutions, and Commercial & Industrial. The majority of the revenue for the company is generated from its Residential segment in which the company provides electrical installation services for single-family housing and multi-family apartment complexes, as well as heating, ventilation, and air conditioning (HVAC) and plumbing installation services. This segment also provides services for installing residential solar power, both for new construction and existing residences.
85GF Score
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