TP ICAP GROUPTCAPF 77 ROC (Joel Greenblatt) % is 149.88% as of Dec. 2025, which is 22% above its 10-year median of 123.22. GuruFocus rates TCAPF with a GF Score™ of 77/100 and a GF Value™ of $3.38 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 675 Capital Markets companies, TP ICAP GROUP ranks better than 69.19% 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. TP ICAP GROUP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 149.88%.
The historical rank and industry rank for TP ICAP GROUP's ROC (Joel Greenblatt) % or its related term are showing as below:
TCAPF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 27.87 Med: 123.22 Max: 283.78
Current: 154.45
During the past 13 years, TP ICAP GROUP's highest ROC (Joel Greenblatt) % was 283.78%. The lowest was 27.87%. And the median was 123.22%.
TCAPF's ROC (Joel Greenblatt) % is ranked better than 69.19% of 675
companies
in the Capital Markets industry
Industry Median: 35.03
vs TCAPF: 154.45
TP ICAP GROUP's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 24.90% per year.
TP ICAP GROUP (OTCPK:TCAPF) 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.
TP ICAP GROUP ROC (Joel Greenblatt) % Related Terms
TP ICAP GROUP ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for TP ICAP GROUP'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.
TCAPF vs MS, GS, SCHW: ROC (Joel Greenblatt) % Comparison
For the Capital Markets subindustry, TP ICAP GROUP'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.
TP ICAP GROUP ROC (Joel Greenblatt) % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, TP ICAP GROUP's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where TP ICAP GROUP'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 149.88% mean?
TP ICAP GROUP (TCAPF) has a ROC (Joel Greenblatt) % of 149.88% 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 TP ICAP GROUP and its competitors. This is 22% above median its historical median of 123.22. Over the past decade, TP ICAP GROUP's ROC (Joel Greenblatt) % has ranged from 27.87 to 283.78. According to the industry distribution chart, TP ICAP GROUP ranks #208 out of 675 companies in the Capital Markets industry, placing it in the top 30.8%.
Is TP ICAP GROUP's ROC (Joel Greenblatt) % too high?
TP ICAP GROUP's current ROC (Joel Greenblatt) % of 149.88% is 22% above median its 10-year median of 123.22. Over the past 10 years, this metric has ranged from a low of 27.87 to a high of 283.78. The Capital Markets industry median ROC (Joel Greenblatt) % is 35.03. TP ICAP GROUP's value of 149.88% is 327.9% above this industry median. Based on the distribution chart, TP ICAP GROUP ranks #208 out of 675 companies in the Capital Markets industry, which is above the industry midpoint. Overall, TP ICAP GROUP has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TP ICAP GROUP's ROC (Joel Greenblatt) % compare to MS and GS?
According to the Capital Markets industry distribution chart, TP ICAP GROUP ranks #208 out of 675 companies for ROC (Joel Greenblatt) %. This puts TP ICAP GROUP in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 35.03. TP ICAP GROUP's value of 149.88% is 327.9% above this benchmark. Historically, TP ICAP GROUP's own ROC (Joel Greenblatt) % has ranged from 27.87 to 283.78 over the past decade. While the company's 10-year median is 123.22 vs. the industry median of 35.03, TP ICAP GROUP 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 Capital Markets company?
The median ROC (Joel Greenblatt) % among Capital Markets companies is 35.03, based on 675 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. TP ICAP GROUP's current ROC (Joel Greenblatt) % of 149.88% is 327.9% 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 TP ICAP GROUP and its competitors. For the Capital Markets industry, the median ROC (Joel Greenblatt) % is 35.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TP ICAP GROUP's current ROC (Joel Greenblatt) % is 149.88%, which is 22% above median its own 10-year median of 123.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TP ICAP GROUP stock overvalued right now?
Based on GuruFocus' analysis, TP ICAP GROUP (TCAPF) is currently considered Significantly Overvalued. The stock's GF Value™ is $3.38, compared to a current price of $4.57 — trading 35.2% above its estimated fair value. The current ROC (Joel Greenblatt) % is 149.88%, which is 22% above median its 10-year median of 123.22 and 327.9% above the Capital Markets industry median of 35.03. TP ICAP GROUP's overall GF Score™ is 77/100 with 9 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 TP ICAP GROUP (TCAPF), the current ROC (Joel Greenblatt) % is 149.88% 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 TP ICAP GROUP (TCAPF) Overvalued in 2026?
Based on GuruFocus' analysis, TP ICAP GROUP stock appears to be overvalued.
The current stock price of $4.57 is trading 35.2% above its estimated GF Value™ of $3.38.
GuruFocus considers TP ICAP GROUP to be Significantly Overvalued.
Key valuation signals for TCAPF:
ROC (Joel Greenblatt) %: 149.88% (22% above median its 10-year median of 123.22)
GF Value™: $3.38 vs. price of $4.57 (35.2% above fair value)
Industry Position: 327.9% above the Capital Markets median (#208 of 675)
No single metric tells the full story. See the TCAPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TP ICAP GROUP PLC provides broking professional intermediary services to match buyers and sellers of different financial, energy, and commodities products. Its role includes creating liquidity and price discovery in markets and providing insight and context to the clients. The company provides proprietary over-the-counter ('OTC') pricing information in the world with the data on financial, energy, and commodities products. Its clients include banks, insurance companies, pension funds, asset managers, hedge funds, central banks, energy producers and refiners, risk and compliance managers, and charities. The company's segments include Global Broking which generates key revenue, Energy & Commodities, Liquidnet, Parameta Solutions, and Corporate.
77GF Score
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