Adesso SEADSGF -18.60%78 ROC (Joel Greenblatt) % is 15.51% as of Mar. 2026, which is 64% below its 10-year median of 43.22. GuruFocus rates ADSGF with a GF Score™ of 78/100 and a GF Value™ of $128.32 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 2,801 Software companies, Adesso SE ranks better than 52.55% 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. Adesso SE's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 15.51%.
The historical rank and industry rank for Adesso SE's ROC (Joel Greenblatt) % or its related term are showing as below:
ADSGF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 11.94 Med: 43.22 Max: 293.08
Current: 25.27
During the past 13 years, Adesso SE's highest ROC (Joel Greenblatt) % was 293.08%. The lowest was 11.94%. And the median was 43.22%.
ADSGF's ROC (Joel Greenblatt) % is ranked better than 52.55% of 2801
companies
in the Software industry
Industry Median: 19.63
vs ADSGF: 25.27
Adesso SE's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -19.80% per year.
Adesso SE (OTCPK:ADSGF) 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.
The historical data trend for Adesso SE'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.
ADSGF vs IBM, ACN, FISV: ROC (Joel Greenblatt) % Comparison
For the Information Technology Services subindustry, Adesso SE'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.
Adesso SE ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Adesso SE's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Adesso SE'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 15.51% mean?
Adesso SE (ADSGF) has a ROC (Joel Greenblatt) % of 15.51% 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 Adesso SE and its competitors. This is 64% below median its historical median of 43.22. Over the past decade, Adesso SE's ROC (Joel Greenblatt) % has ranged from 11.94 to 293.08. According to the industry distribution chart, Adesso SE ranks #1329 out of 2801 companies in the Software industry, placing it in the top 47.4%.
Is Adesso SE's ROC (Joel Greenblatt) % too high?
Adesso SE's current ROC (Joel Greenblatt) % of 15.51% is 64% below median its 10-year median of 43.22. Over the past 10 years, this metric has ranged from a low of 11.94 to a high of 293.08. The Software industry median ROC (Joel Greenblatt) % is 19.63. Adesso SE's value of 15.51% is 21% below this industry median. Based on the distribution chart, Adesso SE ranks #1329 out of 2801 companies in the Software industry, which is above the industry midpoint. Overall, Adesso SE has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Adesso SE's ROC (Joel Greenblatt) % compare to IBM and ACN?
According to the Software industry distribution chart, Adesso SE ranks #1329 out of 2801 companies for ROC (Joel Greenblatt) %. This puts Adesso SE in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 19.63. Adesso SE's value of 15.51% is 21% below this benchmark. Historically, Adesso SE's own ROC (Joel Greenblatt) % has ranged from 11.94 to 293.08 over the past decade. While the company's 10-year median is 43.22 vs. the industry median of 19.63, Adesso SE 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 Software company?
The median ROC (Joel Greenblatt) % among Software companies is 19.63, based on 2,801 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. Adesso SE's current ROC (Joel Greenblatt) % of 15.51% is 21% 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 Adesso SE and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 19.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Adesso SE's current ROC (Joel Greenblatt) % is 15.51%, which is 64% below median its own 10-year median of 43.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adesso SE stock overvalued right now?
Based on GuruFocus' analysis, Adesso SE (ADSGF) is currently considered Significantly Undervalued. The stock's GF Value™ is $128.32, compared to a current price of $60.00 — trading 53.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is 15.51%, which is 64% below median its 10-year median of 43.22 and 21% below the Software industry median of 19.63. Adesso SE's overall GF Score™ is 78/100 with 3 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 Adesso SE (ADSGF), the current ROC (Joel Greenblatt) % is 15.51% 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 Adesso SE (ADSGF) Overvalued in 2026?
Based on GuruFocus' analysis, Adesso SE stock appears to be undervalued.
The current stock price of $60.00 is trading 53.2% below its estimated GF Value™ of $128.32.
GuruFocus considers Adesso SE to be Significantly Undervalued.
Key valuation signals for ADSGF:
ROC (Joel Greenblatt) %: 15.51% (64% below median its 10-year median of 43.22)
GF Value™: $128.32 vs. price of $60.00 (53.2% below fair value)
Industry Position: 21% below the Software median (#1329 of 2801)
No single metric tells the full story. See the ADSGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Adesso SE is a German IT service provider independent of manufacturers. It focuses on consulting and software development. Adesso uses information technology to provide optimised core business process design and support to its customers. It has two segments, namely, IT Services and IT Solutions. The IT Services segment offers customized, project-oriented services in the areas of consulting and software development. The IT Solutions segment markets its own solutions as homegrown products or standard software products. The IT service segment generates the majority of revenue.
78GF Score
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