LCI IndustriesLCII +0.02%72 ROC (Joel Greenblatt) % is 25.96% as of Mar. 2026, which is 11% below its 10-year median of 29.02. GuruFocus rates LCII with a GF Score™ of 72/100 and a GF Value™ of $122.56 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,336 Vehicles & Parts companies, LCI Industries ranks better than 74.25% 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. LCI Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 25.96%.
The historical rank and industry rank for LCI Industries's ROC (Joel Greenblatt) % or its related term are showing as below:
LCII'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 7.93 Med: 29.02 Max: 68.1
Current: 22.07
During the past 13 years, LCI Industries's highest ROC (Joel Greenblatt) % was 68.10%. The lowest was 7.93%. And the median was 29.02%.
LCII's ROC (Joel Greenblatt) % is ranked better than 74.25% of 1336
companies
in the Vehicles & Parts industry
Industry Median: 11.97
vs LCII: 22.07
LCI Industries's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -11.10% 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.
LCI Industries ROC (Joel Greenblatt) % Related Terms
LCI Industries ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for LCI Industries'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.
LCII vs HOG, PATK, PII: ROC (Joel Greenblatt) % Comparison
For the Recreational Vehicles subindustry, LCI Industries'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.
LCI Industries ROC (Joel Greenblatt) % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, LCI Industries's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where LCI Industries'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 (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 25.96% mean?
LCI Industries (LCII) has a ROC (Joel Greenblatt) % of 25.96% 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 LCI Industries and its competitors. This is 11% below median its historical median of 29.02. Over the past decade, LCI Industries' ROC (Joel Greenblatt) % has ranged from 7.93 to 68.10. According to the industry distribution chart, LCI Industries ranks #344 out of 1336 companies in the Vehicles & Parts industry, placing it in the top 25.7%.
Is LCI Industries' ROC (Joel Greenblatt) % too high?
LCI Industries' current ROC (Joel Greenblatt) % of 25.96% is 11% below median its 10-year median of 29.02. Over the past 10 years, this metric has ranged from a low of 7.93 to a high of 68.10. The Vehicles & Parts industry median ROC (Joel Greenblatt) % is 11.97. LCI Industries' value of 25.96% is 116.9% above this industry median. Based on the distribution chart, LCI Industries ranks #344 out of 1336 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, LCI Industries has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does LCI Industries' ROC (Joel Greenblatt) % compare to HOG and PATK?
According to the Vehicles & Parts industry distribution chart, LCI Industries ranks #344 out of 1336 companies for ROC (Joel Greenblatt) %. This puts LCI Industries in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.97. LCI Industries' value of 25.96% is 116.9% above this benchmark. Historically, LCI Industries' own ROC (Joel Greenblatt) % has ranged from 7.93 to 68.10 over the past decade. While the company's 10-year median is 29.02 vs. the industry median of 11.97, LCI Industries 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 Vehicles & Parts company?
The median ROC (Joel Greenblatt) % among Vehicles & Parts companies is 11.97, based on 1,336 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. LCI Industries's current ROC (Joel Greenblatt) % of 25.96% is 116.9% 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 LCI Industries and its competitors. For the Vehicles & Parts industry, the median ROC (Joel Greenblatt) % is 11.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. LCI Industries's current ROC (Joel Greenblatt) % is 25.96%, which is 11% below median its own 10-year median of 29.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LCI Industries stock overvalued right now?
Based on GuruFocus' analysis, LCI Industries (LCII) is currently considered Modestly Undervalued. The stock's GF Value™ is $122.56, compared to a current price of $95.87 — trading 21.8% below its estimated fair value. The current ROC (Joel Greenblatt) % is 25.96%, which is 11% below median its 10-year median of 29.02 and 116.9% above the Vehicles & Parts industry median of 11.97. LCI Industries' overall GF Score™ is 72/100 with 4 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 LCI Industries (LCII), the current ROC (Joel Greenblatt) % is 25.96% 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 LCI Industries (LCII) Overvalued in 2026?
Based on GuruFocus' analysis, LCI Industries stock appears to be undervalued.
The current stock price of $95.87 is trading 21.8% below its estimated GF Value™ of $122.56.
GuruFocus considers LCI Industries to be Modestly Undervalued.
Key valuation signals for LCII:
ROC (Joel Greenblatt) %: 25.96% (11% below median its 10-year median of 29.02)
GF Value™: $122.56 vs. price of $95.87 (21.8% below fair value)
Industry Position: 116.9% above the Vehicles & Parts median (#344 of 1336)
No single metric tells the full story. See the LCII stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
LCI Industries Inc supplies domestically and internationally components for the original equipment manufacturers of recreational vehicles and adjacent industries, including buses and trailers used to haul boats, livestock, equipment, and other cargo. It has two reportable segments: the original equipment manufacturers segment and the aftermarket segment. The OEM Segment manufactures or distributes components for the OEMs of RVs and adjacent industries, including buses; trailers used to haul boats, livestock, equipment, and other cargo; trucks; pontoon boats; trains; manufactured homes; and modular housing. Its products are sold to manufacturers of RVs such as Thor Industries, Forest River, Winnebago, and other RV OEMs, and to manufacturers in adjacent industries.
72GF Score
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