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. TPXimpact Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 294.40%.
The historical rank and industry rank for TPXimpact Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
LSE:TPX'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1041.38 Med: -252.29 Max: 817.46
Current: 22.87
During the past 11 years, TPXimpact Holdings's highest ROC (Joel Greenblatt) % was 817.46%. The lowest was -1041.38%. And the median was -252.29%.
LSE:TPX's ROC (Joel Greenblatt) % is ranked better than 51.55% of 2811
companies
in the Software industry
Industry Median: 19.63
vs LSE:TPX: 22.87
TPXimpact Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% 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.
TPXimpact Holdings ROC (Joel Greenblatt) % Related Terms
TPXimpact Holdings ROC (Joel Greenblatt) % Historical Data
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The historical data trend for TPXimpact 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.
LSE:TPX vs IBM, ACN, FISV: ROC (Joel Greenblatt) % Comparison
For the Information Technology Services subindustry, TPXimpact 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.
TPXimpact Holdings ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, TPXimpact Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where TPXimpact 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 (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 294.40% mean?
TPXimpact Holdings (LSE:TPX) has a ROC (Joel Greenblatt) % of 294.40% 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 TPXimpact Holdings and its competitors. According to the industry distribution chart, TPXimpact Holdings ranks #1362 out of 2811 companies in the Software industry, placing it in the top 48.5%.
Is TPXimpact Holdings' ROC (Joel Greenblatt) % too high?
TPXimpact Holdings' current ROC (Joel Greenblatt) % is 294.40%. The Software industry median ROC (Joel Greenblatt) % is 19.63. TPXimpact Holdings' value of 294.40% is 1399.7% above this industry median. Based on the distribution chart, TPXimpact Holdings ranks #1362 out of 2811 companies in the Software industry, which is above the industry midpoint. Overall, TPXimpact Holdings has a GF Score™ of 36/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TPXimpact Holdings' ROC (Joel Greenblatt) % compare to IBM and ACN?
According to the Software industry distribution chart, TPXimpact Holdings ranks #1362 out of 2811 companies for ROC (Joel Greenblatt) %. This puts TPXimpact Holdings in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 19.63. TPXimpact Holdings' value of 294.40% is 1399.7% above this benchmark. 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. TPXimpact Holdings's current ROC (Joel Greenblatt) % of 294.40% is 1399.7% 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 TPXimpact 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. TPXimpact Holdings's current ROC (Joel Greenblatt) % is 294.40%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TPXimpact Holdings stock overvalued right now?
Based on GuruFocus' analysis, TPXimpact Holdings (LSE:TPX) is currently considered Significantly Overvalued. The stock's GF Value™ is £0.37, compared to a current price of £0.67 — trading 81.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 294.40% and 1399.7% above the Software industry median of 19.63. TPXimpact Holdings' overall GF Score™ is 36/100 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 TPXimpact Holdings (LSE:TPX), the current ROC (Joel Greenblatt) % is 294.40% 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 TPXimpact Holdings (LSE:TPX) Overvalued in 2026?
Based on GuruFocus' analysis, TPXimpact Holdings stock appears to be overvalued.
The current stock price of £0.67 is trading 81.1% above its estimated GF Value™ of £0.37.
GuruFocus considers TPXimpact Holdings to be Significantly Overvalued.
Key valuation signals for LSE:TPX:
ROC (Joel Greenblatt) %: 294.40%
GF Value™: £0.37 vs. price of £0.67 (81.1% above fair value)
Industry Position: 1399.7% above the Software median (#1362 of 2811)
No single metric tells the full story. See the LSE:TPX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TPXimpact Holdings PLC is a digitally native technology services company. Its operating segment includes Consulting, Digital experience, Data and Insights, Redcortex, and Keep IT Simple (KITS). It generates maximum revenue from the Consulting segment. The Consulting segment provides consulting and service/organizational design services to external clients in the government, commercial, and NGO sectors. Geographically, it derives a majority of its revenue from the United Kingdom and the rest from Switzerland, Malaysia, and other regions.
36GF Score
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