Intercede GroupIRCDF 82 ROC (Joel Greenblatt) % is 332.38% as of Mar. 2026, which is 168% above its 10-year median of 124.01. GuruFocus rates IRCDF with a GF Score™ of 82/100 and a GF Value™ of $1.73. The stock has 2 warning signs investors should review. Among 2,809 Software companies, Intercede Group ranks better than 88.07% 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. Intercede Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 332.38%.
The historical rank and industry rank for Intercede Group's ROC (Joel Greenblatt) % or its related term are showing as below:
IRCDF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -603.98 Med: 124.01 Max: 756.92
Current: 277.16
During the past 13 years, Intercede Group's highest ROC (Joel Greenblatt) % was 756.92%. The lowest was -603.98%. And the median was 124.01%.
IRCDF's ROC (Joel Greenblatt) % is ranked better than 88.07% of 2809
companies
in the Software industry
Industry Median: 19.89
vs IRCDF: 277.16
Intercede Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 35.80% per year.
Intercede Group (OTCPK:IRCDF) 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.
Intercede Group ROC (Joel Greenblatt) % Related Terms
Intercede Group ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Intercede Group'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.
IRCDF vs CRM, SHOP, UBER: ROC (Joel Greenblatt) % Comparison
For the Software - Application subindustry, Intercede Group'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.
Intercede Group ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Intercede Group's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Intercede Group's ROC (Joel Greenblatt) % falls into.
Intercede Group 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 two times the semi-annual (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 332.38% mean?
Intercede Group (IRCDF) has a ROC (Joel Greenblatt) % of 332.38% 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 Intercede Group and its competitors. This is 168% above median its historical median of 124.01. According to the industry distribution chart, Intercede Group ranks #335 out of 2809 companies in the Software industry, placing it in the top 11.9%.
Is Intercede Group's ROC (Joel Greenblatt) % too high?
Intercede Group's current ROC (Joel Greenblatt) % of 332.38% is 168% above median its 10-year median of 124.01. The Software industry median ROC (Joel Greenblatt) % is 19.89. Intercede Group's value of 332.38% is 1571.1% above this industry median. Based on the distribution chart, Intercede Group ranks #335 out of 2809 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Intercede Group has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.
How does Intercede Group's ROC (Joel Greenblatt) % compare to CRM and SHOP?
According to the Software industry distribution chart, Intercede Group ranks #335 out of 2809 companies for ROC (Joel Greenblatt) %. This places Intercede Group in the top 12% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 19.89. Intercede Group's value of 332.38% is 1571.1% above this benchmark. While the company's 10-year median is 124.01 vs. the industry median of 19.89, Intercede Group 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 Software company?
The median ROC (Joel Greenblatt) % among Software companies is 19.89, based on 2,809 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. Intercede Group's current ROC (Joel Greenblatt) % of 332.38% is 1571.1% 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 Intercede Group and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 19.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Intercede Group's current ROC (Joel Greenblatt) % is 332.38%, which is 168% above median its own 10-year median of 124.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Intercede Group stock overvalued right now?
Intercede Group (IRCDF) has a current ROC (Joel Greenblatt) % of 332.38%. The stock's GF Value™ is $1.73, compared to a current price of $1.37 — trading 20.8% below its estimated fair value. The current ROC (Joel Greenblatt) % is 332.38%, which is 168% above median its 10-year median of 124.01 and 1571.1% above the Software industry median of 19.89. Intercede Group's overall GF Score™ is 82/100 with 2 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 Intercede Group (IRCDF), the current ROC (Joel Greenblatt) % is 332.38% 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 Intercede Group (IRCDF) Overvalued in 2026?
Based on GuruFocus' analysis, Intercede Group stock appears to be undervalued.
The current stock price of $1.37 is trading 20.8% below its estimated GF Value™ of $1.73.
Key valuation signals for IRCDF:
ROC (Joel Greenblatt) %: 332.38% (168% above median its 10-year median of 124.01)
GF Value™: $1.73 vs. price of $1.37 (20.8% below fair value)
Industry Position: 1571.1% above the Software median (#335 of 2809)
No single metric tells the full story. See the IRCDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Intercede Group PLC is an independent developer and supplier of identity and credential management software. Its product portfolio includes MyID, an identity, and credential management system, RapID is the password killer for killer apps, and MyTAM enables Android app developers and service providers to deploy trusted applications to the trusted execution environment simply and cost-effectively. The company serves a diverse range of markets including governments, enterprises, app developers, and service providers. It has operational footprints across the United Kingdom, the Rest of Europe, the Americas, and the Rest of the world. The majority of its revenue is derived from the Americas.
82GF Score
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