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. IRSA Inversiones y Representaciones's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -105.91%.
The historical rank and industry rank for IRSA Inversiones y Representaciones's ROC (Joel Greenblatt) % or its related term are showing as below:
IRS'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -143.21 Med: 72.02 Max: 2352.7
Current: 715.23
During the past 13 years, IRSA Inversiones y Representaciones's highest ROC (Joel Greenblatt) % was 2352.70%. The lowest was -143.21%. And the median was 72.02%.
IRS's ROC (Joel Greenblatt) % is ranked better than 91.19% of 1749
companies
in the Real Estate industry
Industry Median: 12.55
vs IRS: 715.23
IRSA Inversiones y Representaciones (NYSE:IRS) 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.
* 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.
IRSA Inversiones y Representaciones ROC (Joel Greenblatt) % Chart
IRS vs CBRE, BEKE, JLL: ROC (Joel Greenblatt) % Comparison
For the Real Estate Services subindustry, IRSA Inversiones y Representaciones'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.
IRSA Inversiones y Representaciones ROC (Joel Greenblatt) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, IRSA Inversiones y Representaciones's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where IRSA Inversiones y Representaciones's ROC (Joel Greenblatt) % falls into.
IRSA Inversiones y Representaciones 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 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 -105.91% mean?
IRSA Inversiones y Representaciones (IRS) has a ROC (Joel Greenblatt) % of -105.91% 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 IRSA Inversiones y Representaciones and its competitors. According to the industry distribution chart, IRSA Inversiones y Representaciones ranks #154 out of 1749 companies in the Real Estate industry, placing it in the top 8.8%.
Is IRSA Inversiones y Representaciones' ROC (Joel Greenblatt) % too high?
IRSA Inversiones y Representaciones' current ROC (Joel Greenblatt) % is -105.91%. Based on the distribution chart, IRSA Inversiones y Representaciones ranks #154 out of 1749 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, IRSA Inversiones y Representaciones has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does IRSA Inversiones y Representaciones' ROC (Joel Greenblatt) % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, IRSA Inversiones y Representaciones ranks #154 out of 1749 companies for ROC (Joel Greenblatt) %. This places IRSA Inversiones y Representaciones in the top 9% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 12.55. 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. 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 IRSA Inversiones y Representaciones 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. IRSA Inversiones y Representaciones's current ROC (Joel Greenblatt) % is -105.91%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IRSA Inversiones y Representaciones stock overvalued right now?
Based on GuruFocus' analysis, IRSA Inversiones y Representaciones (IRS) is currently considered Significantly Overvalued. The stock's GF Value™ is $9.55, compared to a current price of $15.79 — trading 65.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is -105.91%. IRSA Inversiones y Representaciones' overall GF Score™ is 67/100 with 11 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 IRSA Inversiones y Representaciones (IRS), the current ROC (Joel Greenblatt) % is -105.91% 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 IRSA Inversiones y Representaciones (IRS) Overvalued in 2026?
Based on GuruFocus' analysis, IRSA Inversiones y Representaciones stock appears to be overvalued.
The current stock price of $15.79 is trading 65.3% above its estimated GF Value™ of $9.55.
GuruFocus considers IRSA Inversiones y Representaciones to be Significantly Overvalued.
Key valuation signals for IRS:
ROC (Joel Greenblatt) %: -105.91%
GF Value™: $9.55 vs. price of $15.79 (65.3% above fair value)
No single metric tells the full story. See the IRS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IRSA Inversiones y Representaciones Business Description
IRSA Inversiones y Representaciones SA is engaged in a diversified business. The company's operating segments include Shopping Malls, which comprise lease and service revenues principally related to the rental of commercial and other spaces in the company's shopping malls; Offices, which include lease revenues and other service revenues related to office activities; Sales and Developments, which include the development, maintenance, and sales of undeveloped parcels of land and/or trading properties; Hotels, which mainly include revenues from rooms, catering, and restaurants; and others. The company generates the majority of its revenue from the Shopping Malls segment.
67GF Score
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