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IzostalWAR:IZS -1.24%69 ROC (Joel Greenblatt) % is 7.13% as of Jun. 2026, which is 9% above its 10-year median of 6.57. GuruFocus rates WAR:IZS with a GF Score™ of 69/100 and a GF Value™ of zł2.55 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 630 Steel companies, Izostal ranks better than 50.63% 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. Izostal's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 7.13%.
The historical rank and industry rank for Izostal's ROC (Joel Greenblatt) % or its related term are showing as below:
WAR:IZS'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.4 Med: 6.57 Max: 9.01
Current: 8.58
During the past 13 years, Izostal's highest ROC (Joel Greenblatt) % was 9.01%. The lowest was 5.40%. And the median was 6.57%.
WAR:IZS's ROC (Joel Greenblatt) % is ranked better than 50.63% of 630
companies
in the Steel industry
Industry Median: 8.45
vs WAR:IZS: 8.58
Izostal's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.10% 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.
The historical data trend for Izostal'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:IZS vs NUE, STLD, RS: ROC (Joel Greenblatt) % Comparison
For the Steel subindustry, Izostal'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.
Izostal ROC (Joel Greenblatt) % vs Steel Industry
For the Steel industry and Basic Materials sector, Izostal's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Izostal'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 (Jun. 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 7.13% mean?
Izostal (WAR:IZS) has a ROC (Joel Greenblatt) % of 7.13% as of Jun. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Izostal and its competitors. This is near median its historical median of 6.57. Over the past decade, Izostal's ROC (Joel Greenblatt) % has ranged from 5.40 to 9.01. According to the industry distribution chart, Izostal ranks #311 out of 630 companies in the Steel industry, placing it in the top 49.4%.
Is Izostal's ROC (Joel Greenblatt) % too high?
Izostal's current ROC (Joel Greenblatt) % of 7.13% is near median its 10-year median of 6.57. Over the past 10 years, this metric has ranged from a low of 5.40 to a high of 9.01. The Steel industry median ROC (Joel Greenblatt) % is 8.45. Izostal's value of 7.13% is 15.6% below this industry median. Based on the distribution chart, Izostal ranks #311 out of 630 companies in the Steel industry, which is above the industry midpoint. Overall, Izostal has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Izostal's ROC (Joel Greenblatt) % compare to NUE and STLD?
According to the Steel industry distribution chart, Izostal ranks #311 out of 630 companies for ROC (Joel Greenblatt) %. This puts Izostal in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 8.45. Izostal's value of 7.13% is 15.6% below this benchmark. Historically, Izostal's own ROC (Joel Greenblatt) % has ranged from 5.40 to 9.01 over the past decade. While the company's 10-year median is 6.57 vs. the industry median of 8.45, Izostal 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 Steel company?
The median ROC (Joel Greenblatt) % among Steel companies is 8.45, based on 630 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. Izostal's current ROC (Joel Greenblatt) % of 7.13% is 15.6% 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 Izostal and its competitors. For the Steel industry, the median ROC (Joel Greenblatt) % is 8.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Izostal's current ROC (Joel Greenblatt) % is 7.13%, which is near median its own 10-year median of 6.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Izostal stock overvalued right now?
Based on GuruFocus' analysis, Izostal (WAR:IZS) is currently considered Modestly Overvalued. The stock's GF Value™ is zł2.55, compared to a current price of zł3.19 — trading 25.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 7.13%, which is near median its 10-year median of 6.57 and 15.6% below the Steel industry median of 8.45. Izostal's overall GF Score™ is 69/100 with 6 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 Izostal (WAR:IZS), the current ROC (Joel Greenblatt) % is 7.13% as of Jun. 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 Izostal (WAR:IZS) Overvalued in 2026?
Based on GuruFocus' analysis, Izostal stock appears to be overvalued.
The current stock price of zł3.19 is trading 25.1% above its estimated GF Value™ of zł2.55.
GuruFocus considers Izostal to be Modestly Overvalued.
Key valuation signals for WAR:IZS:
ROC (Joel Greenblatt) %: 7.13% (near median its 10-year median of 6.57)
GF Value™: zł2.55 vs. price of zł3.19 (25.1% above fair value)
Industry Position: 15.6% below the Steel median (#311 of 630)
No single metric tells the full story. See the WAR:IZS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Izostal SA is a Poland-based company involved in the steel industry. It is engaged in the manufacturing and distribution of steel pipes, metallurgical products, and steel fixtures. It offers external anticorrosive coatings for steel pipes used mainly for constructing transmission pipelines.
69GF Score
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