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. Ayfie International AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -30,022.22%.
The historical rank and industry rank for Ayfie International AS's ROC (Joel Greenblatt) % or its related term are showing as below:
AYFIF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -90568.97 Med: -2246.42 Max: 178.8
Current: -30017.14
During the past 9 years, Ayfie International AS's highest ROC (Joel Greenblatt) % was 178.80%. The lowest was -90568.97%. And the median was -2246.42%.
AYFIF's ROC (Joel Greenblatt) % is ranked worse than 98.65% of 2806
companies
in the Software industry
Industry Median: 19.605
vs AYFIF: -30017.14
Ayfie International AS's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Ayfie International AS (OTCPK:AYFIF) 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.
Ayfie International AS ROC (Joel Greenblatt) % Related Terms
Ayfie International AS ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Ayfie International AS'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.
Ayfie International AS ROC (Joel Greenblatt) % Chart
AYFIF vs UBER, SHOP, CRM: ROC (Joel Greenblatt) % Comparison
For the Software - Application subindustry, Ayfie International AS'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.
Ayfie International AS ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Ayfie International AS's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Ayfie International AS's ROC (Joel Greenblatt) % falls into.
Ayfie International AS 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 -30,022.22% mean?
Ayfie International AS (AYFIF) has a ROC (Joel Greenblatt) % of -30,022.22% 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 Ayfie International AS and its competitors. According to the industry distribution chart, Ayfie International AS ranks #2768 out of 2806 companies in the Software industry, placing it in the top 98.6%.
Is Ayfie International AS's ROC (Joel Greenblatt) % too high?
Ayfie International AS's current ROC (Joel Greenblatt) % is -30,022.22%. Based on the distribution chart, Ayfie International AS ranks #2768 out of 2806 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Ayfie International AS has a GF Score™ of 44/100, reflecting its overall financial health beyond just this single metric.
How does Ayfie International AS's ROC (Joel Greenblatt) % compare to UBER and SHOP?
According to the Software industry distribution chart, Ayfie International AS ranks #2768 out of 2806 companies for ROC (Joel Greenblatt) %. This places Ayfie International AS in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 19.61. 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 19.61, based on 2,806 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 Ayfie International AS and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 19.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ayfie International AS's current ROC (Joel Greenblatt) % is -30,022.22%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ayfie International AS stock overvalued right now?
Ayfie International AS (AYFIF) has a current ROC (Joel Greenblatt) % of -30,022.22%. The stock's GF Value™ is $0.09, compared to a current price of $0.14 — trading 55.6% above its estimated fair value. The current ROC (Joel Greenblatt) % is -30,022.22%. Ayfie International AS's overall GF Score™ is 44/100 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 Ayfie International AS (AYFIF), the current ROC (Joel Greenblatt) % is -30,022.22% 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 Ayfie International AS (AYFIF) Overvalued in 2026?
Based on GuruFocus' analysis, Ayfie International AS stock appears to be overvalued.
The current stock price of $0.14 is trading 55.6% above its estimated GF Value™ of $0.09.
Key valuation signals for AYFIF:
ROC (Joel Greenblatt) %: -30,022.22%
GF Value™: $0.09 vs. price of $0.14 (55.6% above fair value)
No single metric tells the full story. See the AYFIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ayfie International AS is a Norway-incorporated company engaged in developing and delivering software for enterprise search and generative AI, enabling organizations to search, summarize, and extract insights from documents, emails, and systems, with a mainly subscription-based business model delivered as SaaS or in customer-controlled environments, along with implementation and support services. The company provides solutions such as subscriptions and professional services, including consultancy services. The company generates a majority of its revenue from subscriptions, and geographically, it generates revenue from Norway.
44GF Score
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