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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. Athena Global Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was -15.09%.
The historical rank and industry rank for Athena Global Technologies's ROC (Joel Greenblatt) % or its related term are showing as below:
BOM:517429'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -305.83 Med: -51.58 Max: 7036.66
Current: -191.82
During the past 13 years, Athena Global Technologies's highest ROC (Joel Greenblatt) % was 7036.66%. The lowest was -305.83%. And the median was -51.58%.
BOM:517429's ROC (Joel Greenblatt) % is ranked worse than 81.92% of 2816
companies
in the Software industry
Industry Median: 21.27
vs BOM:517429: -191.82
Athena Global Technologies (BOM:517429) 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.
* 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.
Athena Global Technologies ROC (Joel Greenblatt) % Chart
BOM:517429 vs CRM, SHOP, UBER: ROC (Joel Greenblatt) % Comparison
For the Software - Application subindustry, Athena Global Technologies'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.
Athena Global Technologies ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Athena Global Technologies's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Athena Global Technologies's ROC (Joel Greenblatt) % falls into.
Athena Global Technologies 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 four times the quarterly (Jun. 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 -15.09% mean?
Athena Global Technologies (BOM:517429) has a ROC (Joel Greenblatt) % of -15.09% as of Jun. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Athena Global Technologies and its competitors. According to the industry distribution chart, Athena Global Technologies ranks #2307 out of 2816 companies in the Software industry, placing it in the top 81.9%.
Is Athena Global Technologies' ROC (Joel Greenblatt) % too high?
Athena Global Technologies' current ROC (Joel Greenblatt) % is -15.09%. Based on the distribution chart, Athena Global Technologies ranks #2307 out of 2816 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Athena Global Technologies has a GF Score™ of 43/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Athena Global Technologies' ROC (Joel Greenblatt) % compare to CRM and SHOP?
According to the Software industry distribution chart, Athena Global Technologies ranks #2307 out of 2816 companies for ROC (Joel Greenblatt) %. This places Athena Global Technologies in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 21.27. 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 21.27, based on 2,816 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 Athena Global Technologies and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 21.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Athena Global Technologies's current ROC (Joel Greenblatt) % is -15.09%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Athena Global Technologies stock overvalued right now?
Based on GuruFocus' analysis, Athena Global Technologies (BOM:517429) is currently considered Possible Value Trap. The stock's GF Value™ is ₹79.97, compared to a current price of ₹55.35 — trading 30.8% below its estimated fair value. The current ROC (Joel Greenblatt) % is -15.09%. Athena Global Technologies' overall GF Score™ is 43/100 with 7 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 Athena Global Technologies (BOM:517429), the current ROC (Joel Greenblatt) % is -15.09% as of Jun. 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 Athena Global Technologies (BOM:517429) Overvalued in 2026?
Based on GuruFocus' analysis, Athena Global Technologies stock appears to be undervalued.
The current stock price of ₹55.35 is trading 30.8% below its estimated GF Value™ of ₹79.97.
GuruFocus considers Athena Global Technologies to be Possible Value Trap.
Key valuation signals for BOM:517429:
ROC (Joel Greenblatt) %: -15.09%
GF Value™: ₹79.97 vs. price of ₹55.35 (30.8% below fair value)
No single metric tells the full story. See the BOM:517429 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Athena Global Technologies Ltd is a software development company. It is principally engaged in offering software development and consulting services. The company offers services such as application development, chatbots and voice bots, robotic process automation, IoT-based solutions, data science, blockchain, artificial intelligence, product engineering, and QA and testing. It caters to various industries, including financial, healthcare, oil, and pharmaceuticals, retail, business services, education, IT, and government. The company operates in two segments: Software services and Real Estate. It generates the majority of its revenue from the Software services segment.
43GF Score
Get the complete analysis for BOM:517429
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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