Incap OyjLTS:0ERY -0.58%90 ROC (Joel Greenblatt) % is 27.04% as of Mar. 2026, which is 36% below its 10-year median of 42.39. GuruFocus rates LTS:0ERY with a GF Score™ of 90/100 and a GF Value™ of €10.91 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 2,496 Hardware companies, Incap Oyj ranks better than 79.17% 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. Incap Oyj's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 27.04%.
The historical rank and industry rank for Incap Oyj's ROC (Joel Greenblatt) % or its related term are showing as below:
LTS:0ERY'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 31.97 Med: 42.39 Max: 60.77
Current: 31.97
During the past 13 years, Incap Oyj's highest ROC (Joel Greenblatt) % was 60.77%. The lowest was 31.97%. And the median was 42.39%.
LTS:0ERY's ROC (Joel Greenblatt) % is ranked better than 79.17% of 2496
companies
in the Hardware industry
Industry Median: 10.355
vs LTS:0ERY: 31.97
Incap Oyj's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -9.50% 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.
The historical data trend for Incap Oyj'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.
LTS:0ERY vs APH, GLW, TEL: ROC (Joel Greenblatt) % Comparison
For the Electronic Components subindustry, Incap Oyj'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.
Incap Oyj ROC (Joel Greenblatt) % vs Hardware Industry
For the Hardware industry and Technology sector, Incap Oyj's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Incap Oyj'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 27.04% mean?
Incap Oyj (LTS:0ERY) has a ROC (Joel Greenblatt) % of 27.04% 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 Incap Oyj and its competitors. This is 36% below median its historical median of 42.39. Over the past decade, Incap Oyj's ROC (Joel Greenblatt) % has ranged from 31.97 to 60.77. According to the industry distribution chart, Incap Oyj ranks #520 out of 2496 companies in the Hardware industry, placing it in the top 20.8%.
Is Incap Oyj's ROC (Joel Greenblatt) % too high?
Incap Oyj's current ROC (Joel Greenblatt) % of 27.04% is 36% below median its 10-year median of 42.39. Over the past 10 years, this metric has ranged from a low of 31.97 to a high of 60.77. The Hardware industry median ROC (Joel Greenblatt) % is 10.36. Incap Oyj's value of 27.04% is 161.1% above this industry median. Based on the distribution chart, Incap Oyj ranks #520 out of 2496 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Incap Oyj has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Incap Oyj's ROC (Joel Greenblatt) % compare to APH and GLW?
According to the Hardware industry distribution chart, Incap Oyj ranks #520 out of 2496 companies for ROC (Joel Greenblatt) %. This places Incap Oyj in the top 21% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 10.36. Incap Oyj's value of 27.04% is 161.1% above this benchmark. Historically, Incap Oyj's own ROC (Joel Greenblatt) % has ranged from 31.97 to 60.77 over the past decade. While the company's 10-year median is 42.39 vs. the industry median of 10.36, Incap Oyj 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 Hardware company?
The median ROC (Joel Greenblatt) % among Hardware companies is 10.36, based on 2,496 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. Incap Oyj's current ROC (Joel Greenblatt) % of 27.04% is 161.1% 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 Incap Oyj and its competitors. For the Hardware industry, the median ROC (Joel Greenblatt) % is 10.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Incap Oyj's current ROC (Joel Greenblatt) % is 27.04%, which is 36% below median its own 10-year median of 42.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Incap Oyj stock overvalued right now?
Based on GuruFocus' analysis, Incap Oyj (LTS:0ERY) is currently considered Modestly Undervalued. The stock's GF Value™ is €10.91, compared to a current price of €8.63 — trading 20.9% below its estimated fair value. The current ROC (Joel Greenblatt) % is 27.04%, which is 36% below median its 10-year median of 42.39 and 161.1% above the Hardware industry median of 10.36. Incap Oyj's overall GF Score™ is 90/100 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 Incap Oyj (LTS:0ERY), the current ROC (Joel Greenblatt) % is 27.04% 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 Incap Oyj (LTS:0ERY) Overvalued in 2026?
Based on GuruFocus' analysis, Incap Oyj stock appears to be undervalued.
The current stock price of €8.63 is trading 20.9% below its estimated GF Value™ of €10.91.
GuruFocus considers Incap Oyj to be Modestly Undervalued.
Key valuation signals for LTS:0ERY:
ROC (Joel Greenblatt) %: 27.04% (36% below median its 10-year median of 42.39)
GF Value™: €10.91 vs. price of €8.63 (20.9% below fair value)
Industry Position: 161.1% above the Hardware median (#520 of 2496)
No single metric tells the full story. See the LTS:0ERY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Incap Oyj operates as a full-service provider in Electronics Manufacturing Services (EMS), supporting customers ranging from large multinational corporations, mid-sized companies, and small start-ups across the complete manufacturing value chain. Its services include material procurement, prototyping and engineering, production ramp-up, serial production, design, project management, final assembly, testing, and logistics, along with key offerings such as prototyping and engineering, PCB assembly manufacturing, box-build assembly, and customised solutions. The Company operates across Europe, North America, Asia, Africa, and Australia, with Europe generating the majority of its revenue.
90GF Score
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