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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. Auction Technology Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 342.09%.
The historical rank and industry rank for Auction Technology Group's ROC (Joel Greenblatt) % or its related term are showing as below:
CHIX:ATGl'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -4392.7 Med: -54.6 Max: 722.92
Current: -2674.87
During the past 8 years, Auction Technology Group's highest ROC (Joel Greenblatt) % was 722.92%. The lowest was -4392.70%. And the median was -54.60%.
CHIX:ATGl's ROC (Joel Greenblatt) % is ranked worse than 93.21% of 2811
companies
in the Software industry
Industry Median: 19.89
vs CHIX:ATGl: -2674.87
Auction Technology Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Auction Technology Group (CHIX:ATGl) 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.
Auction Technology Group ROC (Joel Greenblatt) % Related Terms
Auction Technology Group ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Auction 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.
Auction Technology Group ROC (Joel Greenblatt) % Chart
CHIX:ATGL vs UBER, SHOP, CRM: ROC (Joel Greenblatt) % Comparison
For the Software - Application subindustry, Auction 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.
Auction Technology Group ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Auction Technology Group's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Auction Technology Group's ROC (Joel Greenblatt) % falls into.
Auction 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 (Mar. 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 342.09% mean?
Auction Technology Group (CHIX:ATGL) has a ROC (Joel Greenblatt) % of 342.09% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Auction Technology Group and its competitors. According to the industry distribution chart, Auction Technology Group ranks #2620 out of 2811 companies in the Software industry, placing it in the top 93.2%.
Is Auction Technology Group's ROC (Joel Greenblatt) % too high?
Auction Technology Group's current ROC (Joel Greenblatt) % is 342.09%. The Software industry median ROC (Joel Greenblatt) % is 19.89. Auction Technology Group's value of 342.09% is 1619.9% above this industry median. Based on the distribution chart, Auction Technology Group ranks #2620 out of 2811 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Auction Technology Group has a GF Score™ of 73/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Auction Technology Group's ROC (Joel Greenblatt) % compare to UBER and SHOP?
According to the Software industry distribution chart, Auction Technology Group ranks #2620 out of 2811 companies for ROC (Joel Greenblatt) %. This places Auction Technology Group in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 19.89. Auction Technology Group's value of 342.09% is 1619.9% above this benchmark. 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 19.89, based on 2,811 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. Auction Technology Group's current ROC (Joel Greenblatt) % of 342.09% is 1619.9% 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 Auction Technology Group and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 19.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Auction Technology Group's current ROC (Joel Greenblatt) % is 342.09%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Auction Technology Group stock overvalued right now?
Based on GuruFocus' analysis, Auction Technology Group (CHIX:ATGL) is currently considered Possible Value Trap. The stock's GF Value™ is £6.60, compared to a current price of £4.23 — trading 36% below its estimated fair value. The current ROC (Joel Greenblatt) % is 342.09% and 1619.9% above the Software industry median of 19.89. Auction Technology Group's overall GF Score™ is 73/100 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 Auction Technology Group (CHIX:ATGL), the current ROC (Joel Greenblatt) % is 342.09% as of Mar. 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 Auction Technology Group (CHIX:ATGL) Overvalued in 2026?
Based on GuruFocus' analysis, Auction Technology Group stock appears to be undervalued.
The current stock price of £4.23 is trading 36% below its estimated GF Value™ of £6.60.
GuruFocus considers Auction Technology Group to be Possible Value Trap.
Key valuation signals for CHIX:ATGL:
ROC (Joel Greenblatt) %: 342.09%
GF Value™: £6.60 vs. price of £4.23 (36% below fair value)
Industry Position: 1619.9% above the Software median (#2620 of 2811)
No single metric tells the full story. See the CHIX:ATGL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Auction Technology Group PLC is a digital marketplace operator that powers the discovery and sale of curated secondary goods through trusted online platforms. The Group operates curated auction and list-price marketplaces and provides value-added services, including seller marketing, integrated payments, shipping solutions, cross-listing capabilities, white-label auction technology, and partner network services. Its operations are organised into two reportable segments: Arts & Antiques and Industrial & Commercial, across which it operates multiple specialist marketplaces. The majority of revenue is generated from the Arts & Antiques segment. Geographically, it serves the United Kingdom, Mexico, Germany, and the United States, with the majority of revenue generated from the United States.
73GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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