LSI IndustriesSTU:LS2 -4.42%86 ROC (Joel Greenblatt) % is 7.36% as of Mar. 2026, which is 47% below its 10-year median of 13.94. GuruFocus rates STU:LS2 with a GF Score™ of 86/100 and a GF Value™ of €16.99 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 2,492 Hardware companies, LSI Industries ranks better than 67.7% 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. LSI Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 7.36%.
The historical rank and industry rank for LSI Industries's ROC (Joel Greenblatt) % or its related term are showing as below:
STU:LS2'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -20.4 Med: 13.94 Max: 31.92
Current: 20.42
During the past 13 years, LSI Industries's highest ROC (Joel Greenblatt) % was 31.92%. The lowest was -20.40%. And the median was 13.94%.
STU:LS2's ROC (Joel Greenblatt) % is ranked better than 67.7% of 2492
companies
in the Hardware industry
Industry Median: 10.35
vs STU:LS2: 20.42
LSI Industries's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 21.80% 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.
LSI Industries ROC (Joel Greenblatt) % Related Terms
LSI Industries ROC (Joel Greenblatt) % Historical Data
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The historical data trend for LSI Industries'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.
STU:LS2 vs DAKT, LPTH, KOPN: ROC (Joel Greenblatt) % Comparison
For the Electronic Components subindustry, LSI Industries'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.
LSI Industries ROC (Joel Greenblatt) % vs Hardware Industry
For the Hardware industry and Technology sector, LSI Industries's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where LSI Industries'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 7.36% mean?
LSI Industries (STU:LS2) has a ROC (Joel Greenblatt) % of 7.36% 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 LSI Industries and its competitors. This is 47% below median its historical median of 13.94. According to the industry distribution chart, LSI Industries ranks #805 out of 2492 companies in the Hardware industry, placing it in the top 32.3%.
Is LSI Industries' ROC (Joel Greenblatt) % too high?
LSI Industries' current ROC (Joel Greenblatt) % of 7.36% is 47% below median its 10-year median of 13.94. The Hardware industry median ROC (Joel Greenblatt) % is 10.35. LSI Industries' value of 7.36% is 28.9% below this industry median. Based on the distribution chart, LSI Industries ranks #805 out of 2492 companies in the Hardware industry, which is above the industry midpoint. Overall, LSI Industries has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does LSI Industries' ROC (Joel Greenblatt) % compare to DAKT and LPTH?
According to the Hardware industry distribution chart, LSI Industries ranks #805 out of 2492 companies for ROC (Joel Greenblatt) %. This puts LSI Industries in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 10.35. LSI Industries' value of 7.36% is 28.9% below this benchmark. While the company's 10-year median is 13.94 vs. the industry median of 10.35, LSI Industries 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 Hardware company?
The median ROC (Joel Greenblatt) % among Hardware companies is 10.35, based on 2,492 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. LSI Industries's current ROC (Joel Greenblatt) % of 7.36% is 28.9% 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 LSI Industries and its competitors. For the Hardware industry, the median ROC (Joel Greenblatt) % is 10.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. LSI Industries's current ROC (Joel Greenblatt) % is 7.36%, which is 47% below median its own 10-year median of 13.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LSI Industries stock overvalued right now?
Based on GuruFocus' analysis, LSI Industries (STU:LS2) is currently considered Modestly Overvalued. The stock's GF Value™ is €16.99, compared to a current price of €21.60 — trading 27.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 7.36%, which is 47% below median its 10-year median of 13.94 and 28.9% below the Hardware industry median of 10.35. LSI Industries' overall GF Score™ is 86/100 with 8 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 LSI Industries (STU:LS2), the current ROC (Joel Greenblatt) % is 7.36% 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 LSI Industries (STU:LS2) Overvalued in 2026?
Based on GuruFocus' analysis, LSI Industries stock appears to be overvalued.
The current stock price of €21.60 is trading 27.1% above its estimated GF Value™ of €16.99.
GuruFocus considers LSI Industries to be Modestly Overvalued.
Key valuation signals for STU:LS2:
ROC (Joel Greenblatt) %: 7.36% (47% below median its 10-year median of 13.94)
GF Value™: €16.99 vs. price of €21.60 (27.1% above fair value)
Industry Position: 28.9% below the Hardware median (#805 of 2492)
No single metric tells the full story. See the STU:LS2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
LSI Industries Inc provides corporate visual image solutions to the petroleum and convenience store industry. The company's operating segments include Lighting and Display Solutions. It generates maximum revenue from the Display solutions segment. Lighting Segment manufactures and markets outdoor and indoor lighting and lighting controls for the commercial, industrial, and multi-site retail markets, including the petroleum/convenience store, quick-service, and automotive markets. The Display Solutions Segment manufactures, sells, and installs exterior and interior visual image and display elements, including printed graphics, structural graphics, digital signage, menu board systems, display fixtures, refrigerated displays, and custom display elements.
86GF Score
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