SenetasASX:SEN -4.30%46 ROC (Joel Greenblatt) % is -13.50% as of Dec. 2025. GuruFocus rates ASX:SEN with a GF Score™ of 46/100 and a GF Value™ of A$0.65 (Significantly Overvalued). The stock has 11 warning signs investors should review. Among 2,801 Software companies, Senetas ranks better than 57.27% 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. Senetas's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -13.50%.
The historical rank and industry rank for Senetas's ROC (Joel Greenblatt) % or its related term are showing as below:
ASX:SEN'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1156.04 Med: -81.08 Max: 9320.41
Current: 37.65
During the past 13 years, Senetas's highest ROC (Joel Greenblatt) % was 9320.41%. The lowest was -1156.04%. And the median was -81.08%.
ASX:SEN's ROC (Joel Greenblatt) % is ranked better than 57.27% of 2801
companies
in the Software industry
Industry Median: 19.63
vs ASX:SEN: 37.65
Senetas's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% 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 Senetas'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.
ASX:SEN vs MSFT, ORCL, PLTR: ROC (Joel Greenblatt) % Comparison
For the Software - Infrastructure subindustry, Senetas'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.
Senetas ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Senetas's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Senetas'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 -13.50% mean?
Senetas (ASX:SEN) has a ROC (Joel Greenblatt) % of -13.50% 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 Senetas and its competitors. According to the industry distribution chart, Senetas ranks #1197 out of 2801 companies in the Software industry, placing it in the top 42.7%.
Is Senetas' ROC (Joel Greenblatt) % too high?
Senetas' current ROC (Joel Greenblatt) % is -13.50%. Based on the distribution chart, Senetas ranks #1197 out of 2801 companies in the Software industry, which is above the industry midpoint. Overall, Senetas has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Senetas' ROC (Joel Greenblatt) % compare to MSFT and ORCL?
According to the Software industry distribution chart, Senetas ranks #1197 out of 2801 companies for ROC (Joel Greenblatt) %. This puts Senetas in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 19.63. 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. 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 Senetas 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. Senetas's current ROC (Joel Greenblatt) % is -13.50%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Senetas stock overvalued right now?
Based on GuruFocus' analysis, Senetas (ASX:SEN) is currently considered Significantly Overvalued. The stock's GF Value™ is A$0.65, compared to a current price of A$2.89 — trading 344.6% above its estimated fair value. The current ROC (Joel Greenblatt) % is -13.50%. Senetas' overall GF Score™ is 46/100 with 11 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 Senetas (ASX:SEN), the current ROC (Joel Greenblatt) % is -13.50% 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 Senetas (ASX:SEN) Overvalued in 2026?
Based on GuruFocus' analysis, Senetas stock appears to be overvalued.
The current stock price of A$2.89 is trading 344.6% above its estimated GF Value™ of A$0.65.
GuruFocus considers Senetas to be Significantly Overvalued.
Key valuation signals for ASX:SEN:
ROC (Joel Greenblatt) %: -13.50%
GF Value™: A$0.65 vs. price of A$2.89 (344.6% above fair value)
No single metric tells the full story. See the ASX:SEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Senetas Corp Ltd provides secure network solutions. It designs, develops, and manufactures encryption hardware, virtualized network encryption, and encrypted file-sharing applications. The company's core business is the sale of IT security products, including hardware products, software subscriptions, maintenance subscriptions, and support services, which provide network data security solutions to businesses and governments around the world. The company reports in two segments: Senetas and Votiro, with the majority of revenue coming from Senetas. Its geographical segments include Asia Pacific, the United States, Africa, and Europe, with the majority of revenue coming from the United States.
46GF Score
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