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Iceland Seafood International hfOISE:ICESEA -1.81%53 ROC (Joel Greenblatt) % is 13.37% as of Mar. 2026, which is 22% above its 10-year median of 10.97. GuruFocus rates OISE:ICESEA with a GF Score™ of 53/100 and a GF Value™ of kr6.71 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 1,979 Consumer Packaged Goods companies, Iceland Seafood International hf ranks better than 53.87% 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. Iceland Seafood International hf's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 13.37%.
The historical rank and industry rank for Iceland Seafood International hf's ROC (Joel Greenblatt) % or its related term are showing as below:
OISE:ICESEA'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.21 Med: 10.97 Max: 17.45
Current: 13.25
During the past 13 years, Iceland Seafood International hf's highest ROC (Joel Greenblatt) % was 17.45%. The lowest was 5.21%. And the median was 10.97%.
OISE:ICESEA's ROC (Joel Greenblatt) % is ranked better than 53.87% of 1979
companies
in the Consumer Packaged Goods industry
Industry Median: 11.99
vs OISE:ICESEA: 13.25
Iceland Seafood International hf (OISE:ICESEA) 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.
* 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.
Iceland Seafood International hf ROC (Joel Greenblatt) % Chart
OISE:ICESEA vs KHC, GIS, HRL: ROC (Joel Greenblatt) % Comparison
For the Packaged Foods subindustry, Iceland Seafood International hf'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.
Iceland Seafood International hf ROC (Joel Greenblatt) % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Iceland Seafood International hf's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Iceland Seafood International hf's ROC (Joel Greenblatt) % falls into.
Iceland Seafood International hf 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 (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 13.37% mean?
Iceland Seafood International hf (OISE:ICESEA) has a ROC (Joel Greenblatt) % of 13.37% 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 Iceland Seafood International hf and its competitors. This is 22% above median its historical median of 10.97. Over the past decade, Iceland Seafood International hf's ROC (Joel Greenblatt) % has ranged from 5.21 to 17.45. According to the industry distribution chart, Iceland Seafood International hf ranks #913 out of 1979 companies in the Consumer Packaged Goods industry, placing it in the top 46.1%.
Is Iceland Seafood International hf's ROC (Joel Greenblatt) % too high?
Iceland Seafood International hf's current ROC (Joel Greenblatt) % of 13.37% is 22% above median its 10-year median of 10.97. Over the past 10 years, this metric has ranged from a low of 5.21 to a high of 17.45. The Consumer Packaged Goods industry median ROC (Joel Greenblatt) % is 11.99. Iceland Seafood International hf's value of 13.37% is 11.5% above this industry median. Based on the distribution chart, Iceland Seafood International hf ranks #913 out of 1979 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Iceland Seafood International hf has a GF Score™ of 53/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Iceland Seafood International hf's ROC (Joel Greenblatt) % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Iceland Seafood International hf ranks #913 out of 1979 companies for ROC (Joel Greenblatt) %. This puts Iceland Seafood International hf in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.99. Iceland Seafood International hf's value of 13.37% is 11.5% above this benchmark. Historically, Iceland Seafood International hf's own ROC (Joel Greenblatt) % has ranged from 5.21 to 17.45 over the past decade. While the company's 10-year median is 10.97 vs. the industry median of 11.99, Iceland Seafood International hf 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 Consumer Packaged Goods company?
The median ROC (Joel Greenblatt) % among Consumer Packaged Goods companies is 11.99, based on 1,979 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. Iceland Seafood International hf's current ROC (Joel Greenblatt) % of 13.37% is 11.5% 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 Iceland Seafood International hf and its competitors. For the Consumer Packaged Goods industry, the median ROC (Joel Greenblatt) % is 11.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Iceland Seafood International hf's current ROC (Joel Greenblatt) % is 13.37%, which is 22% above median its own 10-year median of 10.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Iceland Seafood International hf stock overvalued right now?
Based on GuruFocus' analysis, Iceland Seafood International hf (OISE:ICESEA) is currently considered Significantly Undervalued. The stock's GF Value™ is kr6.71, compared to a current price of kr4.34 — trading 35.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is 13.37%, which is 22% above median its 10-year median of 10.97 and 11.5% above the Consumer Packaged Goods industry median of 11.99. Iceland Seafood International hf's overall GF Score™ is 53/100 with 1 warning sign 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 Iceland Seafood International hf (OISE:ICESEA), the current ROC (Joel Greenblatt) % is 13.37% 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 Iceland Seafood International hf (OISE:ICESEA) Overvalued in 2026?
Based on GuruFocus' analysis, Iceland Seafood International hf stock appears to be undervalued.
The current stock price of kr4.34 is trading 35.3% below its estimated GF Value™ of kr6.71.
GuruFocus considers Iceland Seafood International hf to be Significantly Undervalued.
Key valuation signals for OISE:ICESEA:
ROC (Joel Greenblatt) %: 13.37% (22% above median its 10-year median of 10.97)
GF Value™: kr6.71 vs. price of kr4.34 (35.3% below fair value)
Industry Position: 11.5% above the Consumer Packaged Goods median (#913 of 1979)
No single metric tells the full story. See the OISE:ICESEA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Iceland Seafood International hf Business Description
Iceland Seafood International hf is engaged in the sale, processing, and marketing of frozen, salted, and fresh seafood. The company's operating segment includes Value-added Southern Europe; Value added Northern Europe; Sales and Distribution and Other. It generates maximum revenue from the Value-added Southern Europe segment.
53GF Score
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