Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
HiTech Group AustraliaASX:HIT +2.17%77 ROC (Joel Greenblatt) % is 436.43% as of Dec. 2025, which is 1% above its 10-year median of 432.27. GuruFocus rates ASX:HIT with a GF Score™ of 77/100 and a GF Value™ of A$1.89 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,083 Business Services companies, HiTech Group Australia ranks better than 94.83% 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. HiTech Group Australia's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 436.43%.
The historical rank and industry rank for HiTech Group Australia's ROC (Joel Greenblatt) % or its related term are showing as below:
ASX:HIT'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 268.95 Med: 432.27 Max: 1142.47
Current: 505.62
During the past 13 years, HiTech Group Australia's highest ROC (Joel Greenblatt) % was 1142.47%. The lowest was 268.95%. And the median was 432.27%.
ASX:HIT's ROC (Joel Greenblatt) % is ranked better than 94.83% of 1083
companies
in the Business Services industry
Industry Median: 21.22
vs ASX:HIT: 505.62
HiTech Group Australia's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -10.60% per year.
HiTech Group Australia (ASX:HIT) 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.
HiTech Group Australia ROC (Joel Greenblatt) % Related Terms
HiTech Group Australia ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for HiTech Group Australia'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.
HiTech Group Australia ROC (Joel Greenblatt) % Chart
ASX:HIT vs KFY, RHI, TNET: ROC (Joel Greenblatt) % Comparison
For the Staffing & Employment Services subindustry, HiTech Group Australia'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.
HiTech Group Australia ROC (Joel Greenblatt) % vs Business Services Industry
For the Business Services industry and Industrials sector, HiTech Group Australia's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where HiTech Group Australia's ROC (Joel Greenblatt) % falls into.
HiTech Group Australia 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 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 436.43% mean?
HiTech Group Australia (ASX:HIT) has a ROC (Joel Greenblatt) % of 436.43% 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 HiTech Group Australia and its competitors. This is near median its historical median of 432.27. Over the past decade, HiTech Group Australia's ROC (Joel Greenblatt) % has ranged from 268.95 to 1,142.47. According to the industry distribution chart, HiTech Group Australia ranks #56 out of 1083 companies in the Business Services industry, placing it in the top 5.2%.
Is HiTech Group Australia's ROC (Joel Greenblatt) % too high?
HiTech Group Australia's current ROC (Joel Greenblatt) % of 436.43% is near median its 10-year median of 432.27. Over the past 10 years, this metric has ranged from a low of 268.95 to a high of 1,142.47. The Business Services industry median ROC (Joel Greenblatt) % is 21.22. HiTech Group Australia's value of 436.43% is 1956.7% above this industry median. Based on the distribution chart, HiTech Group Australia ranks #56 out of 1083 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, HiTech Group Australia has a GF Score™ of 77/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does HiTech Group Australia's ROC (Joel Greenblatt) % compare to KFY and RHI?
According to the Business Services industry distribution chart, HiTech Group Australia ranks #56 out of 1083 companies for ROC (Joel Greenblatt) %. This places HiTech Group Australia in the top 5% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 21.22. HiTech Group Australia's value of 436.43% is 1956.7% above this benchmark. Historically, HiTech Group Australia's own ROC (Joel Greenblatt) % has ranged from 268.95 to 1,142.47 over the past decade. While the company's 10-year median is 432.27 vs. the industry median of 21.22, HiTech Group Australia 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 Business Services company?
The median ROC (Joel Greenblatt) % among Business Services companies is 21.22, based on 1,083 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. HiTech Group Australia's current ROC (Joel Greenblatt) % of 436.43% is 1956.7% 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 HiTech Group Australia and its competitors. For the Business Services industry, the median ROC (Joel Greenblatt) % is 21.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HiTech Group Australia's current ROC (Joel Greenblatt) % is 436.43%, which is near median its own 10-year median of 432.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HiTech Group Australia stock overvalued right now?
Based on GuruFocus' analysis, HiTech Group Australia (ASX:HIT) is currently considered Possible Value Trap. The stock's GF Value™ is A$1.89, compared to a current price of A$0.94 — trading 50.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is 436.43%, which is near median its 10-year median of 432.27 and 1956.7% above the Business Services industry median of 21.22. HiTech Group Australia's overall GF Score™ is 77/100 with 5 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 HiTech Group Australia (ASX:HIT), the current ROC (Joel Greenblatt) % is 436.43% 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 HiTech Group Australia (ASX:HIT) Overvalued in 2026?
Based on GuruFocus' analysis, HiTech Group Australia stock appears to be undervalued.
The current stock price of A$0.94 is trading 50.3% below its estimated GF Value™ of A$1.89.
GuruFocus considers HiTech Group Australia to be Possible Value Trap.
Key valuation signals for ASX:HIT:
ROC (Joel Greenblatt) %: 436.43% (near median its 10-year median of 432.27)
GF Value™: A$1.89 vs. price of A$0.94 (50.3% below fair value)
Industry Position: 1956.7% above the Business Services median (#56 of 1083)
No single metric tells the full story. See the ASX:HIT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HiTech Group Australia Ltd is engaged in recruitment services for permanent and contract staff to the ICT sector. It currently supplies permanent and contract staff from its database of over specialised ICT, Finance, and Office Support professionals. Its main business comes from IT contracting/consulting.
77GF Score
Get the complete analysis for ASX:HIT
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:HIT has been successfully added to your 
