Alten (CHIX:ATEP) ROC (Joel Greenblatt) %: 71.93% (As of Dec. 2025) — Near Median


CHIX:ATEP Alten CHIX:ATEP
82 GF Score
Price €55.55
GF Value €100.40
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Alten ROC (Joel Greenblatt) %?

Alten CHIX:ATEP 82 ROC (Joel Greenblatt) % is 71.93% as of Dec. 2025, which is 5% below its 10-year median of 75.93. GuruFocus rates CHIX:ATEP with a GF Score™ of 82/100 and a GF Value™ of €100.40 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 2,801 Software companies, Alten ranks better than 65.87% 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. Alten's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 71.93%.

The historical rank and industry rank for Alten's ROC (Joel Greenblatt) % or its related term are showing as below:

CHIX:ATEp' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 45.18   Med: 75.93   Max: 213.82
Current: 67.05

During the past 13 years, Alten's highest ROC (Joel Greenblatt) % was 213.82%. The lowest was 45.18%. And the median was 75.93%.

CHIX:ATEp's ROC (Joel Greenblatt) % is ranked better than
65.87% of 2801 companies
in the Software industry
Industry Median: 19.63 vs CHIX:ATEp: 67.05

Alten's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -2.10% per year.


Alten  (CHIX:ATEp) 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.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


Alten ROC (Joel Greenblatt) % Related Terms


Alten ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Alten'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.

Alten ROC (Joel Greenblatt) % Chart

Alten Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 102.93 213.82 82.51 62.34 63.57

Alten Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 70.16 62.93 55.12 65.82 71.93

CHIX:ATEP vs IBM, ACN, FISV: ROC (Joel Greenblatt) % Comparison

For the Information Technology Services subindustry, Alten'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.


Alten ROC (Joel Greenblatt) % vs Software Industry

For the Software industry and Technology sector, Alten's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Alten's ROC (Joel Greenblatt) % falls into.


CHIX:ATEP
82GF Score
Alten CHIX:ATEP
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Alten 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:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

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.

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(951.514 + 0 + 225.439) - (219.99 + 0 + 871.173)
=85.79

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1000.754 + 0 + 284.16) - (197.874 + 0 + 903.853)
=183.187

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Alten for the quarter that ended in Dec. 2025 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=284.562/( ( (268.784 + max(85.79, 0)) + (253.413 + max(183.187, 0)) )/ 2 )
=284.562/( ( 354.574 + 436.6 )/ 2 )
=284.562/395.587
=71.93 %

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 71.93% mean?
Alten (CHIX:ATEP) has a ROC (Joel Greenblatt) % of 71.93% 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 Alten and its competitors. This is near median its historical median of 75.93. Over the past decade, Alten's ROC (Joel Greenblatt) % has ranged from 45.18 to 213.82. According to the industry distribution chart, Alten ranks #956 out of 2801 companies in the Software industry, placing it in the top 34.1%.
Is Alten's ROC (Joel Greenblatt) % too high?
Alten's current ROC (Joel Greenblatt) % of 71.93% is near median its 10-year median of 75.93. Over the past 10 years, this metric has ranged from a low of 45.18 to a high of 213.82. The Software industry median ROC (Joel Greenblatt) % is 19.63. Alten's value of 71.93% is 266.4% above this industry median. Based on the distribution chart, Alten ranks #956 out of 2801 companies in the Software industry, which is above the industry midpoint. Overall, Alten has a GF Score™ of 82/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Alten's ROC (Joel Greenblatt) % compare to IBM and ACN?
According to the Software industry distribution chart, Alten ranks #956 out of 2801 companies for ROC (Joel Greenblatt) %. This puts Alten in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 19.63. Alten's value of 71.93% is 266.4% above this benchmark. Historically, Alten's own ROC (Joel Greenblatt) % has ranged from 45.18 to 213.82 over the past decade. While the company's 10-year median is 75.93 vs. the industry median of 19.63, Alten 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 19.63, 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. Alten's current ROC (Joel Greenblatt) % of 71.93% is 266.4% 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 Alten 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. Alten's current ROC (Joel Greenblatt) % is 71.93%, which is near median its own 10-year median of 75.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alten stock overvalued right now?
Based on GuruFocus' analysis, Alten (CHIX:ATEP) is currently considered Significantly Undervalued. The stock's GF Value™ is €100.40, compared to a current price of €55.55 — trading 44.7% below its estimated fair value. The current ROC (Joel Greenblatt) % is 71.93%, which is near median its 10-year median of 75.93 and 266.4% above the Software industry median of 19.63. Alten's overall GF Score™ is 82/100 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 Alten (CHIX:ATEP), the current ROC (Joel Greenblatt) % is 71.93% 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 Alten (CHIX:ATEP) Overvalued in 2026?

Based on GuruFocus' analysis, Alten stock appears to be undervalued. The current stock price of €55.55 is trading 44.7% below its estimated GF Value™ of €100.40. GuruFocus considers Alten to be Significantly Undervalued.

Key valuation signals for CHIX:ATEP:

  • ROC (Joel Greenblatt) %: 71.93% (near median its 10-year median of 75.93)
  • GF Value™: €100.40 vs. price of €55.55 (44.7% below fair value)
  • GF Score™: 82/100 with 3 warning signs
  • Industry Position: 266.4% above the Software median (#956 of 2801)

No single metric tells the full story. See the CHIX:ATEP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Alten Business Description

Address 40, avenue Andre-Morizet, Boulogne-Billancourt Cedex, Paris, FRA, 92513
Alten is an engineering and technology consulting firm. The company provides design and research projects for the technical and information systems divisions of corporate clients in the industrial, telecommunications, and service sectors. Alten's business consists of three operating segments: engineering and technology consulting; telecoms and networks; and information systems. The engineering and technology consulting segment contributes the majority of group revenue. Alten generates approximately half of its revenue in France with most of the balance derived in other European countries.
82GF Score

Get the complete analysis for CHIX:ATEP

ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€55.55
Price
€100.40
GF Value