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Ingles MarketsIMKTA -1.68%68 ROC (Joel Greenblatt) % is 8.19% as of Jun. 2026, which is 15% below its 10-year median of 9.61. GuruFocus rates IMKTA with a GF Score™ of 68/100 and a GF Value™ of $70.09 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 310 Retail - Defensive companies, Ingles Markets ranks worse than 65.16% 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. Ingles Markets's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 8.19%.
The historical rank and industry rank for Ingles Markets's ROC (Joel Greenblatt) % or its related term are showing as below:
IMKTA'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 7.01 Med: 9.61 Max: 23.15
Current: 8.33
During the past 13 years, Ingles Markets's highest ROC (Joel Greenblatt) % was 23.15%. The lowest was 7.01%. And the median was 9.61%.
IMKTA's ROC (Joel Greenblatt) % is ranked worse than 65.16% of 310
companies
in the Retail - Defensive industry
Industry Median: 13.705
vs IMKTA: 8.33
Ingles Markets's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -19.50% 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.
Ingles Markets ROC (Joel Greenblatt) % Related Terms
Ingles Markets ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Ingles Markets'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.
IMKTA vs WMK, GO, NGVC: ROC (Joel Greenblatt) % Comparison
For the Grocery Stores subindustry, Ingles Markets'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.
Ingles Markets ROC (Joel Greenblatt) % vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Ingles Markets's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Ingles Markets'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 (Jun. 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 8.19% mean?
Ingles Markets (IMKTA) has a ROC (Joel Greenblatt) % of 8.19% as of Jun. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Ingles Markets and its competitors. This is 15% below median its historical median of 9.61. Over the past decade, Ingles Markets' ROC (Joel Greenblatt) % has ranged from 7.01 to 23.15. According to the industry distribution chart, Ingles Markets ranks #202 out of 310 companies in the Retail - Defensive industry, placing it in the top 65.2%.
Is Ingles Markets' ROC (Joel Greenblatt) % too high?
Ingles Markets' current ROC (Joel Greenblatt) % of 8.19% is 15% below median its 10-year median of 9.61. Over the past 10 years, this metric has ranged from a low of 7.01 to a high of 23.15. The Retail - Defensive industry median ROC (Joel Greenblatt) % is 13.71. Ingles Markets' value of 8.19% is 40.2% below this industry median. Based on the distribution chart, Ingles Markets ranks #202 out of 310 companies in the Retail - Defensive industry, which is below the industry midpoint. Overall, Ingles Markets has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ingles Markets' ROC (Joel Greenblatt) % compare to WMK and GO?
According to the Retail - Defensive industry distribution chart, Ingles Markets ranks #202 out of 310 companies for ROC (Joel Greenblatt) %. This places Ingles Markets in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 13.71. Ingles Markets' value of 8.19% is 40.2% below this benchmark. Historically, Ingles Markets' own ROC (Joel Greenblatt) % has ranged from 7.01 to 23.15 over the past decade. While the company's 10-year median is 9.61 vs. the industry median of 13.71, Ingles Markets has consistently been below 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 Retail - Defensive company?
The median ROC (Joel Greenblatt) % among Retail - Defensive companies is 13.71, based on 310 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. Ingles Markets's current ROC (Joel Greenblatt) % of 8.19% is 40.2% below 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 Ingles Markets and its competitors. For the Retail - Defensive industry, the median ROC (Joel Greenblatt) % is 13.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ingles Markets's current ROC (Joel Greenblatt) % is 8.19%, which is 15% below median its own 10-year median of 9.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ingles Markets stock overvalued right now?
Based on GuruFocus' analysis, Ingles Markets (IMKTA) is currently considered Modestly Overvalued. The stock's GF Value™ is $70.09, compared to a current price of $86.96 — trading 24.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 8.19%, which is 15% below median its 10-year median of 9.61 and 40.2% below the Retail - Defensive industry median of 13.71. Ingles Markets' overall GF Score™ is 68/100 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 Ingles Markets (IMKTA), the current ROC (Joel Greenblatt) % is 8.19% as of Jun. 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 Ingles Markets (IMKTA) Overvalued in 2026?
Based on GuruFocus' analysis, Ingles Markets stock appears to be overvalued.
The current stock price of $86.96 is trading 24.1% above its estimated GF Value™ of $70.09.
GuruFocus considers Ingles Markets to be Modestly Overvalued.
Key valuation signals for IMKTA:
ROC (Joel Greenblatt) %: 8.19% (15% below median its 10-year median of 9.61)
GF Value™: $70.09 vs. price of $86.96 (24.1% above fair value)
Industry Position: 40.2% below the Retail - Defensive median (#202 of 310)
No single metric tells the full story. See the IMKTA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ingles Markets Inc is a U.S.-based company that is principally engaged in operating a supermarket chain. The company operates the business in the southeast United States, mainly in Georgia, North Carolina, South Carolina, and Tennessee, with a few stores in Virginia and Alabama as well. The company locates its stores majorly in suburban areas, small towns, and neighborhood areas. It offers a broad range of goods, including food products, pharmacies, health and beauty care products, and general merchandise. The retail business contributes the majority of the company's revenue. The company's real estate ownership of a material portion of total stores enables it to generate rental income.
68GF Score
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