Vodacom GroupVODAF 78 ROC (Joel Greenblatt) % is 61.36% as of Mar. 2026, which is 19% above its 10-year median of 51.76. GuruFocus rates VODAF with a GF Score™ of 78/100 and a GF Value™ of $8.88 (Fairly Valued). The stock has 5 warning signs investors should review. Among 364 Telecommunication Services companies, Vodacom Group ranks better than 87.64% 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. Vodacom Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 61.36%.
The historical rank and industry rank for Vodacom Group's ROC (Joel Greenblatt) % or its related term are showing as below:
VODAF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 45.8 Med: 51.76 Max: 61.71
Current: 56.06
During the past 13 years, Vodacom Group's highest ROC (Joel Greenblatt) % was 61.71%. The lowest was 45.80%. And the median was 51.76%.
VODAF's ROC (Joel Greenblatt) % is ranked better than 87.64% of 364
companies
in the Telecommunication Services industry
Industry Median: 14.97
vs VODAF: 56.06
Vodacom Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 1.70% per year.
Vodacom Group (OTCPK:VODAF) 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.
Vodacom Group ROC (Joel Greenblatt) % Related Terms
Vodacom Group ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Vodacom 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.
VODAF vs TMUS, VZ, T: ROC (Joel Greenblatt) % Comparison
For the Telecom Services subindustry, Vodacom 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.
Vodacom Group ROC (Joel Greenblatt) % vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Vodacom Group's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Vodacom 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 (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 61.36% mean?
Vodacom Group (VODAF) has a ROC (Joel Greenblatt) % of 61.36% 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 Vodacom Group and its competitors. This is 19% above median its historical median of 51.76. Over the past decade, Vodacom Group's ROC (Joel Greenblatt) % has ranged from 45.80 to 61.71. According to the industry distribution chart, Vodacom Group ranks #45 out of 364 companies in the Telecommunication Services industry, placing it in the top 12.4%.
Is Vodacom Group's ROC (Joel Greenblatt) % too high?
Vodacom Group's current ROC (Joel Greenblatt) % of 61.36% is 19% above median its 10-year median of 51.76. Over the past 10 years, this metric has ranged from a low of 45.80 to a high of 61.71. The Telecommunication Services industry median ROC (Joel Greenblatt) % is 14.97. Vodacom Group's value of 61.36% is 309.9% above this industry median. Based on the distribution chart, Vodacom Group ranks #45 out of 364 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, Vodacom Group has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Vodacom Group's ROC (Joel Greenblatt) % compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Vodacom Group ranks #45 out of 364 companies for ROC (Joel Greenblatt) %. This places Vodacom Group in the top 12% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 14.97. Vodacom Group's value of 61.36% is 309.9% above this benchmark. Historically, Vodacom Group's own ROC (Joel Greenblatt) % has ranged from 45.80 to 61.71 over the past decade. While the company's 10-year median is 51.76 vs. the industry median of 14.97, Vodacom 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 Telecommunication Services company?
The median ROC (Joel Greenblatt) % among Telecommunication Services companies is 14.97, based on 364 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. Vodacom Group's current ROC (Joel Greenblatt) % of 61.36% is 309.9% 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 Vodacom Group and its competitors. For the Telecommunication Services industry, the median ROC (Joel Greenblatt) % is 14.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vodacom Group's current ROC (Joel Greenblatt) % is 61.36%, which is 19% above median its own 10-year median of 51.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vodacom Group stock overvalued right now?
Based on GuruFocus' analysis, Vodacom Group (VODAF) is currently considered Fairly Valued. The stock's GF Value™ is $8.88, compared to a current price of $8.98 — trading 1.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 61.36%, which is 19% above median its 10-year median of 51.76 and 309.9% above the Telecommunication Services industry median of 14.97. Vodacom Group's overall GF Score™ is 78/100 with 5 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 Vodacom Group (VODAF), the current ROC (Joel Greenblatt) % is 61.36% 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 Vodacom Group (VODAF) Overvalued in 2026?
Based on GuruFocus' analysis, Vodacom Group stock appears to be overvalued.
The current stock price of $8.98 is trading 1.1% above its estimated GF Value™ of $8.88.
GuruFocus considers Vodacom Group to be Fairly Valued.
Key valuation signals for VODAF:
ROC (Joel Greenblatt) %: 61.36% (19% above median its 10-year median of 51.76)
GF Value™: $8.88 vs. price of $8.98 (1.1% above fair value)
Industry Position: 309.9% above the Telecommunication Services median (#45 of 364)
No single metric tells the full story. See the VODAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vodacom Group Ltd is a telecommunications provider. It is engaged in the provision of a wide range of communications products and services including but not limited to voice, messaging, converged services, broadband, data connectivity, mobile financial services and other value added services. Its segments includes South Africa comprises the information relating to the South African-based cellular network and other business segments. Egypt comprises the information relating to the Egyptian-based cellular network and other business segments. International comprises the segment information relating to the non-South African-based cellular networks in Tanzania, Mozambique, Lesotho and the Democratic Republic of Congo. It generates majority of revenue from South Africa.
78GF Score
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