Imax (IMAX) ROC (Joel Greenblatt) %: 16.95% (As of Mar. 2026) — Near Median


IMAX Imax Corp IMAX
76 GF Score
Price $41.08
GF Value $26.76
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Imax ROC (Joel Greenblatt) %?

Imax IMAX -5.26% 76 ROC (Joel Greenblatt) % is 16.95% as of Mar. 2026, which is 2% above its 10-year median of 16.55. GuruFocus rates IMAX with a GF Score™ of 76/100 and a GF Value™ of $26.76 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,021 Media - Diversified companies, Imax ranks better than 63.47% 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. Imax's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 16.95%.

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

IMAX' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -36.6   Med: 16.55   Max: 29.25
Current: 24.08

During the past 13 years, Imax's highest ROC (Joel Greenblatt) % was 29.25%. The lowest was -36.60%. And the median was 16.55%.

IMAX's ROC (Joel Greenblatt) % is ranked better than
63.47% of 1021 companies
in the Media - Diversified industry
Industry Median: 9.21 vs IMAX: 24.08

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


Imax  (NYSE:IMAX) 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.


Imax ROC (Joel Greenblatt) % Related Terms


Imax ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Imax'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.

Imax ROC (Joel Greenblatt) % Chart

Imax Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.58 -1.31 21.34 18.94 29.25

Imax 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 28.09 20.80 40.63 13.82 16.95

IMAX vs AMC, BATRA, IQ: ROC (Joel Greenblatt) % Comparison

For the Entertainment subindustry, Imax'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.


Imax ROC (Joel Greenblatt) % vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Imax's ROC (Joel Greenblatt) % distribution charts can be found below:

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


IMAX
76GF Score
Imax Corp IMAX
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
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Imax 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)
=(113.208 + 32.505 + 14.881) - (124.771 + 50.395 + -2.8421709430404E-14)
=-14.572

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(115.597 + 35.823 + 16.663) - (105.331 + 56.132 + -2.8421709430404E-14)
=6.6200000000001

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Imax 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 )
=41.552/( ( (242.91 + max(-14.572, 0)) + (240.89 + max(6.6200000000001, 0)) )/ 2 )
=41.552/( ( 242.91 + 247.51 )/ 2 )
=41.552/245.21
=16.95 %

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 16.95% mean?
Imax (IMAX) has a ROC (Joel Greenblatt) % of 16.95% 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 Imax and its competitors. This is near median its historical median of 16.55. According to the industry distribution chart, Imax ranks #373 out of 1021 companies in the Media - Diversified industry, placing it in the top 36.5%.
Is Imax's ROC (Joel Greenblatt) % too high?
Imax's current ROC (Joel Greenblatt) % of 16.95% is near median its 10-year median of 16.55. The Media - Diversified industry median ROC (Joel Greenblatt) % is 9.21. Imax's value of 16.95% is 84% above this industry median. Based on the distribution chart, Imax ranks #373 out of 1021 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, Imax has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Imax's ROC (Joel Greenblatt) % compare to AMC and BATRA?
According to the Media - Diversified industry distribution chart, Imax ranks #373 out of 1021 companies for ROC (Joel Greenblatt) %. This puts Imax in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 9.21. Imax's value of 16.95% is 84% above this benchmark. While the company's 10-year median is 16.55 vs. the industry median of 9.21, Imax 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 Media - Diversified company?
The median ROC (Joel Greenblatt) % among Media - Diversified companies is 9.21, based on 1,021 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. Imax's current ROC (Joel Greenblatt) % of 16.95% is 84% 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 Imax and its competitors. For the Media - Diversified industry, the median ROC (Joel Greenblatt) % is 9.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Imax's current ROC (Joel Greenblatt) % is 16.95%, which is near median its own 10-year median of 16.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Imax stock overvalued right now?
Based on GuruFocus' analysis, Imax (IMAX) is currently considered Significantly Overvalued. The stock's GF Value™ is $26.76, compared to a current price of $41.08 — trading 53.5% above its estimated fair value. The current ROC (Joel Greenblatt) % is 16.95%, which is near median its 10-year median of 16.55 and 84% above the Media - Diversified industry median of 9.21. Imax's overall GF Score™ is 76/100 with 6 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 Imax (IMAX), the current ROC (Joel Greenblatt) % is 16.95% 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 Imax (IMAX) Overvalued in 2026?

Based on GuruFocus' analysis, Imax stock appears to be overvalued. The current stock price of $41.08 is trading 53.5% above its estimated GF Value™ of $26.76. GuruFocus considers Imax to be Significantly Overvalued.

Key valuation signals for IMAX:

  • ROC (Joel Greenblatt) %: 16.95% (near median its 10-year median of 16.55)
  • GF Value™: $26.76 vs. price of $41.08 (53.5% above fair value)
  • GF Score™: 76/100 with 6 warning signs
  • Industry Position: 84% above the Media - Diversified median (#373 of 1021)

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


Imax Business Description

Other Exchanges IMA:Germany
Address 2525 Speakman Drive, Mississauga, ON, CAN, L5K 1B1
Imax Corp is a technology platform for entertainment and events. Through its proprietary software, auditorium architecture, patented intellectual property, and specialized equipment, IMAX offers end-to-end solution to create superior, immersive content experiences for which the IMAX brand is globally renowned. The Company has two reportable segments being Content Solutions and Technology Products and Services. The Company leverages its proprietary technology and engineering in all aspects of its business, which principally consists of the IMAX film remastering and the sale or lease of premium IMAX theater systems.
76GF Score

Get the complete analysis for IMAX

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

$41.08
Price
$26.76
GF Value