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IPOPEMA SecuritiesWAR:IPE -1.35%57 ROC (Joel Greenblatt) % is 69.84% as of Mar. 2026, which is 19% below its 10-year median of 86.09. GuruFocus rates WAR:IPE with a GF Score™ of 57/100 and a GF Value™ of zł3.62 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 678 Capital Markets companies, IPOPEMA Securities ranks better than 69.76% 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. IPOPEMA Securities's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 69.84%.
The historical rank and industry rank for IPOPEMA Securities's ROC (Joel Greenblatt) % or its related term are showing as below:
WAR:IPE'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -4.28 Med: 86.09 Max: 258.84
Current: 158.91
During the past 13 years, IPOPEMA Securities's highest ROC (Joel Greenblatt) % was 258.84%. The lowest was -4.28%. And the median was 86.09%.
WAR:IPE's ROC (Joel Greenblatt) % is ranked better than 69.76% of 678
companies
in the Capital Markets industry
Industry Median: 34.895
vs WAR:IPE: 158.91
IPOPEMA Securities's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.70% 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.
IPOPEMA Securities ROC (Joel Greenblatt) % Related Terms
IPOPEMA Securities ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for IPOPEMA Securities'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.
WAR:IPE vs MS, GS, SCHW: ROC (Joel Greenblatt) % Comparison
For the Capital Markets subindustry, IPOPEMA Securities'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.
IPOPEMA Securities ROC (Joel Greenblatt) % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, IPOPEMA Securities's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where IPOPEMA Securities'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 69.84% mean?
IPOPEMA Securities (WAR:IPE) has a ROC (Joel Greenblatt) % of 69.84% 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 IPOPEMA Securities and its competitors. This is 19% below median its historical median of 86.09. According to the industry distribution chart, IPOPEMA Securities ranks #205 out of 678 companies in the Capital Markets industry, placing it in the top 30.2%.
Is IPOPEMA Securities' ROC (Joel Greenblatt) % too high?
IPOPEMA Securities' current ROC (Joel Greenblatt) % of 69.84% is 19% below median its 10-year median of 86.09. The Capital Markets industry median ROC (Joel Greenblatt) % is 34.90. IPOPEMA Securities' value of 69.84% is 100.1% above this industry median. Based on the distribution chart, IPOPEMA Securities ranks #205 out of 678 companies in the Capital Markets industry, which is above the industry midpoint. Overall, IPOPEMA Securities has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does IPOPEMA Securities' ROC (Joel Greenblatt) % compare to MS and GS?
According to the Capital Markets industry distribution chart, IPOPEMA Securities ranks #205 out of 678 companies for ROC (Joel Greenblatt) %. This puts IPOPEMA Securities in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 34.90. IPOPEMA Securities' value of 69.84% is 100.1% above this benchmark. While the company's 10-year median is 86.09 vs. the industry median of 34.90, IPOPEMA Securities 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 34.90, based on 678 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. IPOPEMA Securities's current ROC (Joel Greenblatt) % of 69.84% is 100.1% 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 IPOPEMA Securities and its competitors. For the Capital Markets industry, the median ROC (Joel Greenblatt) % is 34.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IPOPEMA Securities's current ROC (Joel Greenblatt) % is 69.84%, which is 19% below median its own 10-year median of 86.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IPOPEMA Securities stock overvalued right now?
Based on GuruFocus' analysis, IPOPEMA Securities (WAR:IPE) is currently considered Significantly Overvalued. The stock's GF Value™ is zł3.62, compared to a current price of zł7.30 — trading 101.7% above its estimated fair value. The current ROC (Joel Greenblatt) % is 69.84%, which is 19% below median its 10-year median of 86.09 and 100.1% above the Capital Markets industry median of 34.90. IPOPEMA Securities' overall GF Score™ is 57/100 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 IPOPEMA Securities (WAR:IPE), the current ROC (Joel Greenblatt) % is 69.84% 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 IPOPEMA Securities (WAR:IPE) Overvalued in 2026?
Based on GuruFocus' analysis, IPOPEMA Securities stock appears to be overvalued.
The current stock price of zł7.30 is trading 101.7% above its estimated GF Value™ of zł3.62.
GuruFocus considers IPOPEMA Securities to be Significantly Overvalued.
Key valuation signals for WAR:IPE:
ROC (Joel Greenblatt) %: 69.84% (19% below median its 10-year median of 86.09)
GF Value™: zł3.62 vs. price of zł7.30 (101.7% above fair value)
Industry Position: 100.1% above the Capital Markets median (#205 of 678)
No single metric tells the full story. See the WAR:IPE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IPOPEMA Securities SA is focused on brokerage activities, Business and management consulting, running an investment fund company and creating and managing investment funds, Management of portfolios of brokerage financial instruments, IT management activities, and IT consulting activities. It specializes in brokerage and company analysis services, investment banking services, as well as the distribution of investment products and investment advisory services addressed to a wide range of individual investors, the creation and management of closed-end and open-end investment funds and asset management, as well as business and IT consulting services.
57GF Score
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