IHS (IHS Holding) ROC (Joel Greenblatt) %: 41.62% (As of Mar. 2026)


IHS IHS Holding Ltd IHS
50 GF Score
Price $8.23
GF Value $4.14
Valuation Significantly Overvalued
! 7 Warning Signs
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What is IHS Holding ROC (Joel Greenblatt) %?

IHS Holding IHS -0.42% 50 ROC (Joel Greenblatt) % is 41.62% as of Mar. 2026. GuruFocus rates IHS with a GF Score™ of 50/100 and a GF Value™ of $4.14 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,749 Real Estate companies, IHS Holding ranks better than 71.07% 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. IHS Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 41.62%.

The historical rank and industry rank for IHS Holding's ROC (Joel Greenblatt) % or its related term are showing as below:

IHS' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -50.69   Med: -8.12   Max: 50.27
Current: 49.58

During the past 8 years, IHS Holding's highest ROC (Joel Greenblatt) % was 50.27%. The lowest was -50.69%. And the median was -8.12%.

IHS's ROC (Joel Greenblatt) % is ranked better than
71.07% of 1749 companies
in the Real Estate industry
Industry Median: 12.55 vs IHS: 49.58

IHS Holding's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


IHS Holding  (NYSE:IHS) 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.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


IHS Holding ROC (Joel Greenblatt) % Related Terms


IHS Holding ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for IHS Holding'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.

IHS Holding ROC (Joel Greenblatt) % Chart

IHS Holding Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial 9.91 -8.12 -50.69 -43.83 50.27

IHS Holding Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 34.17 31.86 54.52 69.08 41.62

IHS vs NMRK, CWK, KW: ROC (Joel Greenblatt) % Comparison

For the Real Estate Services subindustry, IHS 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.


IHS Holding ROC (Joel Greenblatt) % vs Real Estate Industry

For the Real Estate industry and Real Estate sector, IHS Holding's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where IHS Holding's ROC (Joel Greenblatt) % falls into.


IHS
50GF Score
IHS Holding Ltd IHS
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
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IHS 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:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

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.

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(107.5 + 42.1 + 1476.7) - (301.3 + 46.6 + 499)
=779.4

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(110.1 + 41.1 + 1552.6) - (374.9 + 48.6 + 532.4)
=747.9

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of IHS Holding for the quarter that ended in Mar. 2026 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=817.2/( ( (1208.2 + max(779.4, 0)) + (1191.5 + max(747.9, 0)) )/ 2 )
=817.2/( ( 1987.6 + 1939.4 )/ 2 )
=817.2/1963.5
=41.62 %

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 41.62% mean?
IHS Holding (IHS) has a ROC (Joel Greenblatt) % of 41.62% 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 IHS Holding and its competitors. According to the industry distribution chart, IHS Holding ranks #506 out of 1749 companies in the Real Estate industry, placing it in the top 28.9%.
Is IHS Holding's ROC (Joel Greenblatt) % too high?
IHS Holding's current ROC (Joel Greenblatt) % is 41.62%. The Real Estate industry median ROC (Joel Greenblatt) % is 12.55. IHS Holding's value of 41.62% is 231.6% above this industry median. Based on the distribution chart, IHS Holding ranks #506 out of 1749 companies in the Real Estate industry, which is above the industry midpoint. Overall, IHS Holding has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does IHS Holding's ROC (Joel Greenblatt) % compare to NMRK and CWK?
According to the Real Estate industry distribution chart, IHS Holding ranks #506 out of 1749 companies for ROC (Joel Greenblatt) %. This puts IHS Holding in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 12.55. IHS Holding's value of 41.62% is 231.6% 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 Real Estate company?
The median ROC (Joel Greenblatt) % among Real Estate companies is 12.55, based on 1,749 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. IHS Holding's current ROC (Joel Greenblatt) % of 41.62% is 231.6% 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 IHS Holding and its competitors. For the Real Estate industry, the median ROC (Joel Greenblatt) % is 12.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IHS Holding's current ROC (Joel Greenblatt) % is 41.62%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IHS Holding stock overvalued right now?
Based on GuruFocus' analysis, IHS Holding (IHS) is currently considered Significantly Overvalued. The stock's GF Value™ is $4.14, compared to a current price of $8.23 — trading 98.7% above its estimated fair value. The current ROC (Joel Greenblatt) % is 41.62% and 231.6% above the Real Estate industry median of 12.55. IHS Holding's overall GF Score™ is 50/100 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 IHS Holding (IHS), the current ROC (Joel Greenblatt) % is 41.62% 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 IHS Holding (IHS) Overvalued in 2026?

Based on GuruFocus' analysis, IHS Holding stock appears to be overvalued. The current stock price of $8.23 is trading 98.7% above its estimated GF Value™ of $4.14. GuruFocus considers IHS Holding to be Significantly Overvalued.

Key valuation signals for IHS:

  • ROC (Joel Greenblatt) %: 41.62%
  • GF Value™: $4.14 vs. price of $8.23 (98.7% above fair value)
  • GF Score™: 50/100 with 7 warning signs
  • Industry Position: 231.6% above the Real Estate median (#506 of 1749)

No single metric tells the full story. See the IHS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


IHS Holding Business Description

Other Exchanges 4JB:Germany
Address 123 Victoria Street, 1 Cathedral Piazza, London, GBR, SW1E 5BP
IHS Holding Ltd is an independent owner, operator, and developer of shared telecommunications infrastructure. The company provides telecommunications infrastructure to its customers, who are MNOs, who in turn provide wireless voice and data services to their end-users. Its geographical segments are Nigeria and Sub-Saharan Africa. The majority of its revenue is derived from Nigeria.
50GF Score

Get the complete analysis for IHS

ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$8.23
Price
$4.14
GF Value