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Industrial Holding Bulgaria ADXBUL:IHB +6.25%60 ROC (Joel Greenblatt) % is 4.14% as of Jun. 2026, which is 42% above its 10-year median of 2.92. GuruFocus rates XBUL:IHB with a GF Score™ of 60/100 and a GF Value™ of €1.40 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 552 Conglomerates companies, Industrial Holding Bulgaria AD ranks worse than 78.99% 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. Industrial Holding Bulgaria AD's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 4.14%.
The historical rank and industry rank for Industrial Holding Bulgaria AD's ROC (Joel Greenblatt) % or its related term are showing as below:
XBUL:IHB'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -2.65 Med: 2.92 Max: 13.89
Current: 3.23
During the past 13 years, Industrial Holding Bulgaria AD's highest ROC (Joel Greenblatt) % was 13.89%. The lowest was -2.65%. And the median was 2.92%.
XBUL:IHB's ROC (Joel Greenblatt) % is ranked worse than 78.99% of 552
companies
in the Conglomerates industry
Industry Median: 15.745
vs XBUL:IHB: 3.23
Industrial Holding Bulgaria AD (XBUL:IHB) 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.
* 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.
Industrial Holding Bulgaria AD ROC (Joel Greenblatt) % Chart
XBUL:IHB vs MMM, HON: ROC (Joel Greenblatt) % Comparison
For the Conglomerates subindustry, Industrial Holding Bulgaria AD'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.
Industrial Holding Bulgaria AD ROC (Joel Greenblatt) % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Industrial Holding Bulgaria AD's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Industrial Holding Bulgaria AD's ROC (Joel Greenblatt) % falls into.
Industrial Holding Bulgaria AD ROC (Joel Greenblatt) % Calculation
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 4.14% mean?
Industrial Holding Bulgaria AD (XBUL:IHB) has a ROC (Joel Greenblatt) % of 4.14% 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 Industrial Holding Bulgaria AD and its competitors. This is 42% above median its historical median of 2.92. According to the industry distribution chart, Industrial Holding Bulgaria AD ranks #436 out of 552 companies in the Conglomerates industry, placing it in the top 79%.
Is Industrial Holding Bulgaria AD's ROC (Joel Greenblatt) % too high?
Industrial Holding Bulgaria AD's current ROC (Joel Greenblatt) % of 4.14% is 42% above median its 10-year median of 2.92. The Conglomerates industry median ROC (Joel Greenblatt) % is 15.75. Industrial Holding Bulgaria AD's value of 4.14% is 73.7% below this industry median. Based on the distribution chart, Industrial Holding Bulgaria AD ranks #436 out of 552 companies in the Conglomerates industry, which is in the bottom quartile relative to peers. Overall, Industrial Holding Bulgaria AD has a GF Score™ of 60/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Industrial Holding Bulgaria AD's ROC (Joel Greenblatt) % compare to MMM and HON?
According to the Conglomerates industry distribution chart, Industrial Holding Bulgaria AD ranks #436 out of 552 companies for ROC (Joel Greenblatt) %. This places Industrial Holding Bulgaria AD in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 15.75. Industrial Holding Bulgaria AD's value of 4.14% is 73.7% below this benchmark. While the company's 10-year median is 2.92 vs. the industry median of 15.75, Industrial Holding Bulgaria AD 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 Conglomerates company?
The median ROC (Joel Greenblatt) % among Conglomerates companies is 15.75, based on 552 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. Industrial Holding Bulgaria AD's current ROC (Joel Greenblatt) % of 4.14% is 73.7% 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 Industrial Holding Bulgaria AD and its competitors. For the Conglomerates industry, the median ROC (Joel Greenblatt) % is 15.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Industrial Holding Bulgaria AD's current ROC (Joel Greenblatt) % is 4.14%, which is 42% above median its own 10-year median of 2.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Industrial Holding Bulgaria AD stock overvalued right now?
Based on GuruFocus' analysis, Industrial Holding Bulgaria AD (XBUL:IHB) is currently considered Significantly Undervalued. The stock's GF Value™ is €1.40, compared to a current price of €0.85 — trading 39.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is 4.14%, which is 42% above median its 10-year median of 2.92 and 73.7% below the Conglomerates industry median of 15.75. Industrial Holding Bulgaria AD's overall GF Score™ is 60/100 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 Industrial Holding Bulgaria AD (XBUL:IHB), the current ROC (Joel Greenblatt) % is 4.14% 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 Industrial Holding Bulgaria AD (XBUL:IHB) Overvalued in 2026?
Based on GuruFocus' analysis, Industrial Holding Bulgaria AD stock appears to be undervalued.
The current stock price of €0.85 is trading 39.3% below its estimated GF Value™ of €1.40.
GuruFocus considers Industrial Holding Bulgaria AD to be Significantly Undervalued.
Key valuation signals for XBUL:IHB:
ROC (Joel Greenblatt) %: 4.14% (42% above median its 10-year median of 2.92)
GF Value™: €1.40 vs. price of €0.85 (39.3% below fair value)
Industry Position: 73.7% below the Conglomerates median (#436 of 552)
No single metric tells the full story. See the XBUL:IHB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Industrial Holding Bulgaria AD is engaged in acquisition, management, assessment and sale of shares in Bulgarian and foreign companies, acquisition, assessment and sale of patents, cession of licenses to use patents to companies in which the company holds shares, financing of companies in which the company holds shares, as well as any other activity not prohibited by law.
60GF Score
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