Bytes Technology GroupBYITY -7.06%66 ROC (Joel Greenblatt) % is 401.14% as of Feb. 2026, which is 11% below its 10-year median of 451.74. GuruFocus rates BYITY with a GF Score™ of 66/100 and a GF Value™ of $14.00 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,805 Software companies, Bytes Technology Group ranks better than 92.55% 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. Bytes Technology Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 401.14%.
The historical rank and industry rank for Bytes Technology Group's ROC (Joel Greenblatt) % or its related term are showing as below:
BYITY'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 145.05 Med: 451.74 Max: 650.73
Current: 451
During the past 9 years, Bytes Technology Group's highest ROC (Joel Greenblatt) % was 650.73%. The lowest was 145.05%. And the median was 451.74%.
BYITY's ROC (Joel Greenblatt) % is ranked better than 92.55% of 2805
companies
in the Software industry
Industry Median: 19.59
vs BYITY: 451.00
Bytes Technology Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 10.00% per year.
Bytes Technology Group (OTCPK:BYITY) 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.
Bytes Technology Group ROC (Joel Greenblatt) % Related Terms
Bytes Technology Group ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Bytes Technology Group'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.
Bytes Technology Group ROC (Joel Greenblatt) % Chart
BYITY vs MSFT, ORCL, PLTR: ROC (Joel Greenblatt) % Comparison
For the Software - Infrastructure subindustry, Bytes Technology Group'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.
Bytes Technology Group ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Bytes Technology Group's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Bytes Technology Group's ROC (Joel Greenblatt) % falls into.
Bytes Technology Group 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 (Feb. 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 401.14% mean?
Bytes Technology Group (BYITY) has a ROC (Joel Greenblatt) % of 401.14% as of Feb. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Bytes Technology Group and its competitors. This is 11% below median its historical median of 451.74. Over the past decade, Bytes Technology Group's ROC (Joel Greenblatt) % has ranged from 145.05 to 650.73. According to the industry distribution chart, Bytes Technology Group ranks #209 out of 2805 companies in the Software industry, placing it in the top 7.5%.
Is Bytes Technology Group's ROC (Joel Greenblatt) % too high?
Bytes Technology Group's current ROC (Joel Greenblatt) % of 401.14% is 11% below median its 10-year median of 451.74. Over the past 10 years, this metric has ranged from a low of 145.05 to a high of 650.73. The Software industry median ROC (Joel Greenblatt) % is 19.59. Bytes Technology Group's value of 401.14% is 1947.7% above this industry median. Based on the distribution chart, Bytes Technology Group ranks #209 out of 2805 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Bytes Technology Group has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bytes Technology Group's ROC (Joel Greenblatt) % compare to MSFT and ORCL?
According to the Software industry distribution chart, Bytes Technology Group ranks #209 out of 2805 companies for ROC (Joel Greenblatt) %. This places Bytes Technology Group in the top 8% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 19.59. Bytes Technology Group's value of 401.14% is 1947.7% above this benchmark. Historically, Bytes Technology Group's own ROC (Joel Greenblatt) % has ranged from 145.05 to 650.73 over the past decade. While the company's 10-year median is 451.74 vs. the industry median of 19.59, Bytes Technology Group 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 Software company?
The median ROC (Joel Greenblatt) % among Software companies is 19.59, based on 2,805 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. Bytes Technology Group's current ROC (Joel Greenblatt) % of 401.14% is 1947.7% 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 Bytes Technology Group and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 19.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bytes Technology Group's current ROC (Joel Greenblatt) % is 401.14%, which is 11% below median its own 10-year median of 451.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bytes Technology Group stock overvalued right now?
Based on GuruFocus' analysis, Bytes Technology Group (BYITY) is currently considered Modestly Undervalued. The stock's GF Value™ is $14.00, compared to a current price of $9.88 — trading 29.4% below its estimated fair value. The current ROC (Joel Greenblatt) % is 401.14%, which is 11% below median its 10-year median of 451.74 and 1947.7% above the Software industry median of 19.59. Bytes Technology Group's overall GF Score™ is 66/100 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 Bytes Technology Group (BYITY), the current ROC (Joel Greenblatt) % is 401.14% as of Feb. 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 Bytes Technology Group (BYITY) Overvalued in 2026?
Based on GuruFocus' analysis, Bytes Technology Group stock appears to be undervalued.
The current stock price of $9.88 is trading 29.4% below its estimated GF Value™ of $14.00.
GuruFocus considers Bytes Technology Group to be Modestly Undervalued.
Key valuation signals for BYITY:
ROC (Joel Greenblatt) %: 401.14% (11% below median its 10-year median of 451.74)
GF Value™: $14.00 vs. price of $9.88 (29.4% below fair value)
Industry Position: 1947.7% above the Software median (#209 of 2805)
No single metric tells the full story. See the BYITY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bytes Technology Group PLC is one of the UK's heading providers of IT software offerings and solutions, with a focus on cloud and security products. The Group enables effective and cost-efficient technology sourcing, adoption and management across software services, including in the areas of security and cloud. The company has only one reportable segment. The company's products are Software, Hardware, Services internal, and Services external. The company has presence in United Kingdom, Europe, Rest of world. The company generates majority of revenue from United Kingdom.
66GF Score
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