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ITM PowerITMPF -1.39%78 ROC (Joel Greenblatt) % is -56.81% as of Oct. 2025. GuruFocus rates ITMPF with a GF Score™ of 78/100 and a GF Value™ of $2.58 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 3,063 Industrial Products companies, ITM Power ranks worse than 93.41% 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. ITM Power's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2025 was -56.81%.
The historical rank and industry rank for ITM Power's ROC (Joel Greenblatt) % or its related term are showing as below:
ITMPF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -362.15 Med: -98.18 Max: -55.83
Current: -55.83
During the past 13 years, ITM Power's highest ROC (Joel Greenblatt) % was -55.83%. The lowest was -362.15%. And the median was -98.18%.
ITMPF's ROC (Joel Greenblatt) % is ranked worse than 93.41% of 3063
companies
in the Industrial Products industry
Industry Median: 11.69
vs ITMPF: -55.83
ITM Power's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 16.40% per year.
ITM Power (OTCPK:ITMPF) 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.
The historical data trend for ITM Power'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.
ITMPF vs GEV, ETN, PH: ROC (Joel Greenblatt) % Comparison
For the Specialty Industrial Machinery subindustry, ITM Power'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.
ITM Power ROC (Joel Greenblatt) % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, ITM Power's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where ITM Power'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 two times the semi-annual (Oct. 2025) 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 -56.81% mean?
ITM Power (ITMPF) has a ROC (Joel Greenblatt) % of -56.81% as of Oct. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on ITM Power and its competitors. According to the industry distribution chart, ITM Power ranks #2861 out of 3063 companies in the Industrial Products industry, placing it in the top 93.4%.
Is ITM Power's ROC (Joel Greenblatt) % too high?
ITM Power's current ROC (Joel Greenblatt) % is -56.81%. Based on the distribution chart, ITM Power ranks #2861 out of 3063 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, ITM Power has a GF Score™ of 78/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does ITM Power's ROC (Joel Greenblatt) % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, ITM Power ranks #2861 out of 3063 companies for ROC (Joel Greenblatt) %. This places ITM Power in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 11.69. 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 an Industrial Products company?
The median ROC (Joel Greenblatt) % among Industrial Products companies is 11.69, based on 3,063 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 ITM Power and its competitors. For the Industrial Products industry, the median ROC (Joel Greenblatt) % is 11.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ITM Power's current ROC (Joel Greenblatt) % is -56.81%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ITM Power stock overvalued right now?
Based on GuruFocus' analysis, ITM Power (ITMPF) is currently considered Possible Value Trap. The stock's GF Value™ is $2.58, compared to a current price of $1.50 — trading 41.9% below its estimated fair value. The current ROC (Joel Greenblatt) % is -56.81%. ITM Power's overall GF Score™ is 78/100 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 ITM Power (ITMPF), the current ROC (Joel Greenblatt) % is -56.81% as of Oct. 2025. 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 ITM Power (ITMPF) Overvalued in 2026?
Based on GuruFocus' analysis, ITM Power stock appears to be undervalued.
The current stock price of $1.50 is trading 41.9% below its estimated GF Value™ of $2.58.
GuruFocus considers ITM Power to be Possible Value Trap.
Key valuation signals for ITMPF:
ROC (Joel Greenblatt) %: -56.81%
GF Value™: $2.58 vs. price of $1.50 (41.9% below fair value)
No single metric tells the full story. See the ITMPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ITM Power PLC designs and manufactures integrated hydrogen energy systems for energy storage and clean fuel production. The company is also involved in the research and development of scientific and engineering projects; the development and manufacture of prototype products; and the sale of electrolyzer products such as HGas, HFuel, HPac. It offers a range of services including construction, consulting, and other services. Its primary geographic markets are the United Kingdom, the Rest of Europe, Germany, and with maximum revenue from the United Kingdom.
78GF Score
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