ISA HoldingsJSE:ISA 86 ROC (Joel Greenblatt) % is 166.69% as of Feb. 2026, which is 19% below its 10-year median of 206.93. GuruFocus rates JSE:ISA with a GF Score™ of 86/100 and a GF Value™ of R2.25 (Fairly Valued). The stock has 3 warning signs investors should review. Among 2,811 Software companies, ISA Holdings ranks better than 83.49% 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. ISA Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 166.69%.
The historical rank and industry rank for ISA Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
JSE:ISA'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 154.96 Med: 206.93 Max: 363.63
Current: 190.61
During the past 13 years, ISA Holdings's highest ROC (Joel Greenblatt) % was 363.63%. The lowest was 154.96%. And the median was 206.93%.
JSE:ISA's ROC (Joel Greenblatt) % is ranked better than 83.49% of 2811
companies
in the Software industry
Industry Median: 19.63
vs JSE:ISA: 190.61
ISA Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 4.70% per year.
ISA Holdings (JSE:ISA) 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.
ISA Holdings ROC (Joel Greenblatt) % Related Terms
ISA Holdings ROC (Joel Greenblatt) % Historical Data
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The historical data trend for ISA Holdings'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.
JSE:ISA vs MSFT, ORCL, PLTR: ROC (Joel Greenblatt) % Comparison
For the Software - Infrastructure subindustry, ISA Holdings'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.
ISA Holdings ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, ISA Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where ISA Holdings'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 (Feb. 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 166.69% mean?
ISA Holdings (JSE:ISA) has a ROC (Joel Greenblatt) % of 166.69% as of Feb. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on ISA Holdings and its competitors. This is 19% below median its historical median of 206.93. Over the past decade, ISA Holdings' ROC (Joel Greenblatt) % has ranged from 154.96 to 363.63. According to the industry distribution chart, ISA Holdings ranks #464 out of 2811 companies in the Software industry, placing it in the top 16.5%.
Is ISA Holdings' ROC (Joel Greenblatt) % too high?
ISA Holdings' current ROC (Joel Greenblatt) % of 166.69% is 19% below median its 10-year median of 206.93. Over the past 10 years, this metric has ranged from a low of 154.96 to a high of 363.63. The Software industry median ROC (Joel Greenblatt) % is 19.63. ISA Holdings' value of 166.69% is 749.2% above this industry median. Based on the distribution chart, ISA Holdings ranks #464 out of 2811 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, ISA Holdings has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ISA Holdings' ROC (Joel Greenblatt) % compare to MSFT and ORCL?
According to the Software industry distribution chart, ISA Holdings ranks #464 out of 2811 companies for ROC (Joel Greenblatt) %. This places ISA Holdings in the top 17% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 19.63. ISA Holdings' value of 166.69% is 749.2% above this benchmark. Historically, ISA Holdings' own ROC (Joel Greenblatt) % has ranged from 154.96 to 363.63 over the past decade. While the company's 10-year median is 206.93 vs. the industry median of 19.63, ISA Holdings 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 19.63, based on 2,811 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. ISA Holdings's current ROC (Joel Greenblatt) % of 166.69% is 749.2% 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 ISA Holdings and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 19.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ISA Holdings's current ROC (Joel Greenblatt) % is 166.69%, which is 19% below median its own 10-year median of 206.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ISA Holdings stock overvalued right now?
Based on GuruFocus' analysis, ISA Holdings (JSE:ISA) is currently considered Fairly Valued. The stock's GF Value™ is R2.25, compared to a current price of R2.20 — trading 2.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is 166.69%, which is 19% below median its 10-year median of 206.93 and 749.2% above the Software industry median of 19.63. ISA Holdings' overall GF Score™ is 86/100 with 3 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 ISA Holdings (JSE:ISA), the current ROC (Joel Greenblatt) % is 166.69% as of Feb. 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 ISA Holdings (JSE:ISA) Overvalued in 2026?
Based on GuruFocus' analysis, ISA Holdings stock appears to be undervalued.
The current stock price of R2.20 is trading 2.2% below its estimated GF Value™ of R2.25.
GuruFocus considers ISA Holdings to be Fairly Valued.
Key valuation signals for JSE:ISA:
ROC (Joel Greenblatt) %: 166.69% (19% below median its 10-year median of 206.93)
GF Value™: R2.25 vs. price of R2.20 (2.2% below fair value)
Industry Position: 749.2% above the Software median (#464 of 2811)
No single metric tells the full story. See the JSE:ISA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ISA Holdings Ltd is an investment holding company. The company, through its subsidiary, provides network, Internet, and information security solutions to the sub-Saharan African market. Its business is to discover, design, deliver, deploy, and manage its bespoke Information and Communication Technology (ICT) security infrastructure. Its technology offerings include firewalls, anti-virus, authentication, remote access, content security, intrusion protection, virtual private networking, vulnerability assessment, messaging and data protection, and identity and access management. The company generates a majority of its revenue from its business in South Africa.
86GF Score
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