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Hightech Payment SystemsCAS:HPS +0.31%100 ROC (Joel Greenblatt) % is 194.93% as of Dec. 2025, which is 164% above its 10-year median of 73.85. GuruFocus rates CAS:HPS with a GF Score™ of 100/100 and a GF Value™ of MAD824.83 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 2,819 Software companies, Hightech Payment Systems ranks better than 70.88% 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. Hightech Payment Systems's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 194.93%.
The historical rank and industry rank for Hightech Payment Systems's ROC (Joel Greenblatt) % or its related term are showing as below:
CAS:HPS'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 48.3 Med: 73.85 Max: 110.41
Current: 91.28
During the past 13 years, Hightech Payment Systems's highest ROC (Joel Greenblatt) % was 110.41%. The lowest was 48.30%. And the median was 73.85%.
CAS:HPS's ROC (Joel Greenblatt) % is ranked better than 70.88% of 2819
companies
in the Software industry
Industry Median: 20.81
vs CAS:HPS: 91.28
Hightech Payment Systems's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -1.80% per year.
Hightech Payment Systems (CAS:HPS) 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.
Hightech Payment Systems ROC (Joel Greenblatt) % Related Terms
Hightech Payment Systems ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Hightech Payment Systems'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.
Hightech Payment Systems ROC (Joel Greenblatt) % Chart
CAS:HPS vs MSFT, ORCL, PLTR: ROC (Joel Greenblatt) % Comparison
For the Software - Infrastructure subindustry, Hightech Payment Systems'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.
Hightech Payment Systems ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Hightech Payment Systems's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Hightech Payment Systems's ROC (Joel Greenblatt) % falls into.
Hightech Payment Systems 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 194.93% mean?
Hightech Payment Systems (CAS:HPS) has a ROC (Joel Greenblatt) % of 194.93% 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 Hightech Payment Systems and its competitors. This is 164% above median its historical median of 73.85. Over the past decade, Hightech Payment Systems' ROC (Joel Greenblatt) % has ranged from 48.30 to 110.41. According to the industry distribution chart, Hightech Payment Systems ranks #821 out of 2819 companies in the Software industry, placing it in the top 29.1%.
Is Hightech Payment Systems' ROC (Joel Greenblatt) % too high?
Hightech Payment Systems' current ROC (Joel Greenblatt) % of 194.93% is 164% above median its 10-year median of 73.85. Over the past 10 years, this metric has ranged from a low of 48.30 to a high of 110.41. The Software industry median ROC (Joel Greenblatt) % is 20.81. Hightech Payment Systems' value of 194.93% is 836.7% above this industry median. Based on the distribution chart, Hightech Payment Systems ranks #821 out of 2819 companies in the Software industry, which is above the industry midpoint. Overall, Hightech Payment Systems has a GF Score™ of 100/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hightech Payment Systems' ROC (Joel Greenblatt) % compare to MSFT and ORCL?
According to the Software industry distribution chart, Hightech Payment Systems ranks #821 out of 2819 companies for ROC (Joel Greenblatt) %. This puts Hightech Payment Systems in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 20.81. Hightech Payment Systems' value of 194.93% is 836.7% above this benchmark. Historically, Hightech Payment Systems' own ROC (Joel Greenblatt) % has ranged from 48.30 to 110.41 over the past decade. While the company's 10-year median is 73.85 vs. the industry median of 20.81, Hightech Payment Systems 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 20.81, based on 2,819 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. Hightech Payment Systems's current ROC (Joel Greenblatt) % of 194.93% is 836.7% 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 Hightech Payment Systems and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 20.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hightech Payment Systems's current ROC (Joel Greenblatt) % is 194.93%, which is 164% above median its own 10-year median of 73.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hightech Payment Systems stock overvalued right now?
Based on GuruFocus' analysis, Hightech Payment Systems (CAS:HPS) is currently considered Modestly Undervalued. The stock's GF Value™ is MAD824.83, compared to a current price of MAD645.00 — trading 21.8% below its estimated fair value. The current ROC (Joel Greenblatt) % is 194.93%, which is 164% above median its 10-year median of 73.85 and 836.7% above the Software industry median of 20.81. Hightech Payment Systems' overall GF Score™ is 100/100 with 4 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 Hightech Payment Systems (CAS:HPS), the current ROC (Joel Greenblatt) % is 194.93% 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 Hightech Payment Systems (CAS:HPS) Overvalued in 2026?
Based on GuruFocus' analysis, Hightech Payment Systems stock appears to be undervalued.
The current stock price of MAD645.00 is trading 21.8% below its estimated GF Value™ of MAD824.83.
GuruFocus considers Hightech Payment Systems to be Modestly Undervalued.
Key valuation signals for CAS:HPS:
ROC (Joel Greenblatt) %: 194.93% (164% above median its 10-year median of 73.85)
GF Value™: MAD824.83 vs. price of MAD645.00 (21.8% below fair value)
Industry Position: 836.7% above the Software median (#821 of 2819)
No single metric tells the full story. See the CAS:HPS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hightech Payment Systems SA is the group that provides solutions and services involving electronic payment. The company provides its clients with technology solutions that transcend the entire payments value chain, enabling them to innovate rapidly and bring new products to market with ease and efficiency using HPS' PowerCARD software. The PowerCARD suite is fully integrated with all international payment networks, and supports all back-office payments functions. The company's software and services are sold covering many geographical areas such as Europe, Americas, Africa and the Middle East and Asia. The group's majority revenue is generated from Africa.
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