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Icape HoldingXPAR:ALICA +3.50%83 ROC (Joel Greenblatt) % is 48.81% as of Dec. 2025, which is 2% above its 10-year median of 47.89. GuruFocus rates XPAR:ALICA with a GF Score™ of 83/100 and a GF Value™ of €11.20 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 2,491 Hardware companies, Icape Holding ranks better than 86.75% 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. Icape Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 48.81%.
The historical rank and industry rank for Icape Holding's ROC (Joel Greenblatt) % or its related term are showing as below:
XPAR:ALICA'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 14.11 Med: 47.89 Max: 76.37
Current: 48.03
During the past 8 years, Icape Holding's highest ROC (Joel Greenblatt) % was 76.37%. The lowest was 14.11%. And the median was 47.89%.
XPAR:ALICA's ROC (Joel Greenblatt) % is ranked better than 86.75% of 2491
companies
in the Hardware industry
Industry Median: 10.44
vs XPAR:ALICA: 48.03
Icape Holding's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 9.50% 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.
Icape Holding ROC (Joel Greenblatt) % Related Terms
Icape Holding ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Icape Holding'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.
XPAR:ALICA vs APH, GLW, TEL: ROC (Joel Greenblatt) % Comparison
For the Electronic Components subindustry, Icape Holding'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.
Icape Holding ROC (Joel Greenblatt) % vs Hardware Industry
For the Hardware industry and Technology sector, Icape Holding's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Icape Holding'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 48.81% mean?
Icape Holding (XPAR:ALICA) has a ROC (Joel Greenblatt) % of 48.81% 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 Icape Holding and its competitors. This is near median its historical median of 47.89. Over the past decade, Icape Holding's ROC (Joel Greenblatt) % has ranged from 14.11 to 76.37. According to the industry distribution chart, Icape Holding ranks #330 out of 2491 companies in the Hardware industry, placing it in the top 13.2%.
Is Icape Holding's ROC (Joel Greenblatt) % too high?
Icape Holding's current ROC (Joel Greenblatt) % of 48.81% is near median its 10-year median of 47.89. Over the past 10 years, this metric has ranged from a low of 14.11 to a high of 76.37. The Hardware industry median ROC (Joel Greenblatt) % is 10.44. Icape Holding's value of 48.81% is 367.5% above this industry median. Based on the distribution chart, Icape Holding ranks #330 out of 2491 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Icape Holding has a GF Score™ of 83/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Icape Holding's ROC (Joel Greenblatt) % compare to APH and GLW?
According to the Hardware industry distribution chart, Icape Holding ranks #330 out of 2491 companies for ROC (Joel Greenblatt) %. This places Icape Holding in the top 13% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 10.44. Icape Holding's value of 48.81% is 367.5% above this benchmark. Historically, Icape Holding's own ROC (Joel Greenblatt) % has ranged from 14.11 to 76.37 over the past decade. While the company's 10-year median is 47.89 vs. the industry median of 10.44, Icape Holding 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 Hardware company?
The median ROC (Joel Greenblatt) % among Hardware companies is 10.44, based on 2,491 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. Icape Holding's current ROC (Joel Greenblatt) % of 48.81% is 367.5% 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 Icape Holding and its competitors. For the Hardware industry, the median ROC (Joel Greenblatt) % is 10.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Icape Holding's current ROC (Joel Greenblatt) % is 48.81%, which is near median its own 10-year median of 47.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Icape Holding stock overvalued right now?
Based on GuruFocus' analysis, Icape Holding (XPAR:ALICA) is currently considered Possible Value Trap. The stock's GF Value™ is €11.20, compared to a current price of €7.68 — trading 31.4% below its estimated fair value. The current ROC (Joel Greenblatt) % is 48.81%, which is near median its 10-year median of 47.89 and 367.5% above the Hardware industry median of 10.44. Icape Holding's overall GF Score™ is 83/100 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 Icape Holding (XPAR:ALICA), the current ROC (Joel Greenblatt) % is 48.81% 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 Icape Holding (XPAR:ALICA) Overvalued in 2026?
Based on GuruFocus' analysis, Icape Holding stock appears to be undervalued.
The current stock price of €7.68 is trading 31.4% below its estimated GF Value™ of €11.20.
GuruFocus considers Icape Holding to be Possible Value Trap.
Key valuation signals for XPAR:ALICA:
ROC (Joel Greenblatt) %: 48.81% (near median its 10-year median of 47.89)
GF Value™: €11.20 vs. price of €7.68 (31.4% below fair value)
Industry Position: 367.5% above the Hardware median (#330 of 2491)
No single metric tells the full story. See the XPAR:ALICA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Icape Holding SA is engaged in the distribution, trade, and production of printed circuit boards (PCB), which are essential components used across the electronics industry, including the business, telecommunications, automotive, connected objects, home automation, e-mobility, medical, power, multimedia, and IT industries. Its segemnts are: It operates through the Trade in printed circuit boards (PCB) - Americas; Trade and production of printed circuit boards (PCB); Trade and production of printed circuit boards (PCB) - Central Europe; Trade in printed circuit boards (PCB) - Asia and the Rest of the World, which generates maximum revenue; Trade and production of technical parts (Tech Parts) - Europe; and Trade and production of technical parts (Tech Parts) - Rest of the World.
83GF Score
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