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Analog DevicesLIM:ADI 94 ROC (Joel Greenblatt) % is 131.86% as of Apr. 2026, which is 23% above its 10-year median of 107.32. GuruFocus rates LIM:ADI with a GF Score™ of 94/100 and a GF Value™ of $217.02. The stock has 10 warning signs investors should review. Among 1,028 Semiconductors companies, Analog Devices ranks better than 93.09% 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. Analog Devices's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was 131.86%.
The historical rank and industry rank for Analog Devices's ROC (Joel Greenblatt) % or its related term are showing as below:
LIM:ADI'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 46.05 Med: 107.32 Max: 148
Current: 99.86
During the past 13 years, Analog Devices's highest ROC (Joel Greenblatt) % was 148.00%. The lowest was 46.05%. And the median was 107.32%.
LIM:ADI's ROC (Joel Greenblatt) % is ranked better than 93.09% of 1028
companies
in the Semiconductors industry
Industry Median: 8.265
vs LIM:ADI: 99.86
Analog Devices's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -10.00% per year.
Analog Devices (LIM:ADI) 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.
Analog Devices ROC (Joel Greenblatt) % Related Terms
Analog Devices ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Analog Devices'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.
LIM:ADI vs QCOM, MRVL, TXN: ROC (Joel Greenblatt) % Comparison
For the Semiconductors subindustry, Analog Devices'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.
Analog Devices ROC (Joel Greenblatt) % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Analog Devices's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Analog Devices's ROC (Joel Greenblatt) % falls into.
Analog Devices 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 (Apr. 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 131.86% mean?
Analog Devices (LIM:ADI) has a ROC (Joel Greenblatt) % of 131.86% as of Apr. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Analog Devices and its competitors. This is 23% above median its historical median of 107.32. Over the past decade, Analog Devices' ROC (Joel Greenblatt) % has ranged from 46.05 to 148.00. According to the industry distribution chart, Analog Devices ranks #71 out of 1028 companies in the Semiconductors industry, placing it in the top 6.9%.
Is Analog Devices' ROC (Joel Greenblatt) % too high?
Analog Devices' current ROC (Joel Greenblatt) % of 131.86% is 23% above median its 10-year median of 107.32. Over the past 10 years, this metric has ranged from a low of 46.05 to a high of 148.00. The Semiconductors industry median ROC (Joel Greenblatt) % is 8.27. Analog Devices' value of 131.86% is 1495.4% above this industry median. Based on the distribution chart, Analog Devices ranks #71 out of 1028 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Analog Devices has a GF Score™ of 94/100, reflecting its overall financial health beyond just this single metric.
How does Analog Devices' ROC (Joel Greenblatt) % compare to QCOM and MRVL?
According to the Semiconductors industry distribution chart, Analog Devices ranks #71 out of 1028 companies for ROC (Joel Greenblatt) %. This places Analog Devices in the top 7% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 8.27. Analog Devices' value of 131.86% is 1495.4% above this benchmark. Historically, Analog Devices' own ROC (Joel Greenblatt) % has ranged from 46.05 to 148.00 over the past decade. While the company's 10-year median is 107.32 vs. the industry median of 8.27, Analog Devices 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 Semiconductors company?
The median ROC (Joel Greenblatt) % among Semiconductors companies is 8.27, based on 1,028 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. Analog Devices's current ROC (Joel Greenblatt) % of 131.86% is 1495.4% 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 Analog Devices and its competitors. For the Semiconductors industry, the median ROC (Joel Greenblatt) % is 8.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Analog Devices's current ROC (Joel Greenblatt) % is 131.86%, which is 23% above median its own 10-year median of 107.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Analog Devices stock overvalued right now?
Analog Devices (LIM:ADI) has a current ROC (Joel Greenblatt) % of 131.86%. The stock's GF Value™ is $217.02, compared to a current price of $277.20 — trading 27.7% above its estimated fair value. The current ROC (Joel Greenblatt) % is 131.86%, which is 23% above median its 10-year median of 107.32 and 1495.4% above the Semiconductors industry median of 8.27. Analog Devices' overall GF Score™ is 94/100 with 10 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 Analog Devices (LIM:ADI), the current ROC (Joel Greenblatt) % is 131.86% as of Apr. 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 Analog Devices (LIM:ADI) Overvalued in 2026?
Based on GuruFocus' analysis, Analog Devices stock appears to be overvalued.
The current stock price of $277.20 is trading 27.7% above its estimated GF Value™ of $217.02.
Key valuation signals for LIM:ADI:
ROC (Joel Greenblatt) %: 131.86% (23% above median its 10-year median of 107.32)
GF Value™: $217.02 vs. price of $277.20 (27.7% above fair value)
Industry Position: 1495.4% above the Semiconductors median (#71 of 1028)
No single metric tells the full story. See the LIM:ADI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Analog Devices is a leading analog, mixed-signal, and digital-signal processing chipmaker. The firm has a significant market share lead in converter chips, which are used to translate analog signals to digital and vice versa. The company serves tens of thousands of customers; more than half of its chip sales are to industrial and automotive end markets. ADI's chips are also incorporated into wireless infrastructure equipment.
94GF Score
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