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Ivision Tech SpAMIL:IVN -4.12%30 ROC (Joel Greenblatt) % is 5.61% as of Dec. 2025, which is 12% above its 10-year median of 5.03. GuruFocus rates MIL:IVN with a GF Score™ of 30/100 and a GF Value™ of €3.15 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 1,060 Manufacturing - Apparel & Accessories companies, Ivision Tech SpA ranks worse than 57.55% 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. Ivision Tech SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 5.61%.
The historical rank and industry rank for Ivision Tech SpA's ROC (Joel Greenblatt) % or its related term are showing as below:
MIL:IVN'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.02 Med: 5.03 Max: 6.22
Current: 6.22
During the past 5 years, Ivision Tech SpA's highest ROC (Joel Greenblatt) % was 6.22%. The lowest was 0.02%. And the median was 5.03%.
MIL:IVN's ROC (Joel Greenblatt) % is ranked worse than 57.55% of 1060
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 8.435
vs MIL:IVN: 6.22
Ivision Tech SpA'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.
Ivision Tech SpA ROC (Joel Greenblatt) % Related Terms
Ivision Tech SpA ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Ivision Tech SpA'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.
MIL:IVN vs NKE, DECK, ONON: ROC (Joel Greenblatt) % Comparison
For the Footwear & Accessories subindustry, Ivision Tech SpA'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.
Ivision Tech SpA ROC (Joel Greenblatt) % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Ivision Tech SpA's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Ivision Tech SpA'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 (Dec. 2025) 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 5.61% mean?
Ivision Tech SpA (MIL:IVN) has a ROC (Joel Greenblatt) % of 5.61% as of Dec. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Ivision Tech SpA and its competitors. This is 12% above median its historical median of 5.03. Over the past decade, Ivision Tech SpA's ROC (Joel Greenblatt) % has ranged from 0.02 to 6.22. According to the industry distribution chart, Ivision Tech SpA ranks #610 out of 1060 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 57.5%.
Is Ivision Tech SpA's ROC (Joel Greenblatt) % too high?
Ivision Tech SpA's current ROC (Joel Greenblatt) % of 5.61% is 12% above median its 10-year median of 5.03. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 6.22. The Manufacturing - Apparel & Accessories industry median ROC (Joel Greenblatt) % is 8.44. Ivision Tech SpA's value of 5.61% is 33.5% below this industry median. Based on the distribution chart, Ivision Tech SpA ranks #610 out of 1060 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Ivision Tech SpA has a GF Score™ of 30/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ivision Tech SpA's ROC (Joel Greenblatt) % compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Ivision Tech SpA ranks #610 out of 1060 companies for ROC (Joel Greenblatt) %. This places Ivision Tech SpA in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 8.44. Ivision Tech SpA's value of 5.61% is 33.5% below this benchmark. Historically, Ivision Tech SpA's own ROC (Joel Greenblatt) % has ranged from 0.02 to 6.22 over the past decade. While the company's 10-year median is 5.03 vs. the industry median of 8.44, Ivision Tech SpA has consistently been below 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 Manufacturing - Apparel & Accessories company?
The median ROC (Joel Greenblatt) % among Manufacturing - Apparel & Accessories companies is 8.44, based on 1,060 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. Ivision Tech SpA's current ROC (Joel Greenblatt) % of 5.61% is 33.5% below 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 Ivision Tech SpA and its competitors. For the Manufacturing - Apparel & Accessories industry, the median ROC (Joel Greenblatt) % is 8.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ivision Tech SpA's current ROC (Joel Greenblatt) % is 5.61%, which is 12% above median its own 10-year median of 5.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ivision Tech SpA stock overvalued right now?
Based on GuruFocus' analysis, Ivision Tech SpA (MIL:IVN) is currently considered Possible Value Trap. The stock's GF Value™ is €3.15, compared to a current price of €1.63 — trading 48.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is 5.61%, which is 12% above median its 10-year median of 5.03 and 33.5% below the Manufacturing - Apparel & Accessories industry median of 8.44. Ivision Tech SpA's overall GF Score™ is 30/100 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 Ivision Tech SpA (MIL:IVN), the current ROC (Joel Greenblatt) % is 5.61% as of Dec. 2025. 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 Ivision Tech SpA (MIL:IVN) Overvalued in 2026?
Based on GuruFocus' analysis, Ivision Tech SpA stock appears to be undervalued.
The current stock price of €1.63 is trading 48.3% below its estimated GF Value™ of €3.15.
GuruFocus considers Ivision Tech SpA to be Possible Value Trap.
Key valuation signals for MIL:IVN:
ROC (Joel Greenblatt) %: 5.61% (12% above median its 10-year median of 5.03)
GF Value™: €3.15 vs. price of €1.63 (48.3% below fair value)
Industry Position: 33.5% below the Manufacturing - Apparel & Accessories median (#610 of 1060)
No single metric tells the full story. See the MIL:IVN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ivision Tech SpA is an SME active in the sector of design and production of eyeglass frames, prescription and sunglasses, in acetate and combined, representing a reality of excellence in Made in Italy manufacturing. The company operates in two divisions: iVision Eyewear and iVision R&D. iVision Eyewear is active in the design, development of prototypes, industrialization, and mass production phases of acetate eyewear, for which it uses cutting-edge machinery and software. iVision R&D is active in research and development with the aiming of applying increasingly advance technologies to eyewear.
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