Cenit AGCHIX:CSHD 80 ROC (Joel Greenblatt) % is 124.81% as of Mar. 2026, which is 97% above its 10-year median of 63.40. GuruFocus rates CHIX:CSHD with a GF Score™ of 80/100 and a GF Value™ of €16.60. The stock has 5 warning signs investors should review. Among 2,807 Software companies, Cenit AG ranks better than 64.87% 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. Cenit AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 124.81%.
The historical rank and industry rank for Cenit AG's ROC (Joel Greenblatt) % or its related term are showing as below:
CHIX:CSHd'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -13.36 Med: 63.4 Max: 487.01
Current: 62.75
During the past 13 years, Cenit AG's highest ROC (Joel Greenblatt) % was 487.01%. The lowest was -13.36%. And the median was 63.40%.
CHIX:CSHd's ROC (Joel Greenblatt) % is ranked better than 64.87% of 2807
companies
in the Software industry
Industry Median: 19.62
vs CHIX:CSHd: 62.75
Cenit AG's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Cenit AG (CHIX:CSHd) 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.
The historical data trend for Cenit AG'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.
CHIX:CSHD vs UBER, SHOP, CRM: ROC (Joel Greenblatt) % Comparison
For the Software - Application subindustry, Cenit AG'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.
Cenit AG ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Cenit AG's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Cenit AG's ROC (Joel Greenblatt) % falls into.
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 (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 124.81% mean?
Cenit AG (CHIX:CSHD) has a ROC (Joel Greenblatt) % of 124.81% 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 Cenit AG and its competitors. This is 97% above median its historical median of 63.40. According to the industry distribution chart, Cenit AG ranks #986 out of 2807 companies in the Software industry, placing it in the top 35.1%.
Is Cenit AG's ROC (Joel Greenblatt) % too high?
Cenit AG's current ROC (Joel Greenblatt) % of 124.81% is 97% above median its 10-year median of 63.40. The Software industry median ROC (Joel Greenblatt) % is 19.62. Cenit AG's value of 124.81% is 536.1% above this industry median. Based on the distribution chart, Cenit AG ranks #986 out of 2807 companies in the Software industry, which is above the industry midpoint. Overall, Cenit AG has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Cenit AG's ROC (Joel Greenblatt) % compare to UBER and SHOP?
According to the Software industry distribution chart, Cenit AG ranks #986 out of 2807 companies for ROC (Joel Greenblatt) %. This puts Cenit AG in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 19.62. Cenit AG's value of 124.81% is 536.1% above this benchmark. While the company's 10-year median is 63.40 vs. the industry median of 19.62, Cenit AG 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 19.62, based on 2,807 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. Cenit AG's current ROC (Joel Greenblatt) % of 124.81% is 536.1% 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 Cenit AG and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 19.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cenit AG's current ROC (Joel Greenblatt) % is 124.81%, which is 97% above median its own 10-year median of 63.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cenit AG stock overvalued right now?
Cenit AG (CHIX:CSHD) has a current ROC (Joel Greenblatt) % of 124.81%. The stock's GF Value™ is €16.60, compared to a current price of €14.38 — trading 13.4% below its estimated fair value. The current ROC (Joel Greenblatt) % is 124.81%, which is 97% above median its 10-year median of 63.40 and 536.1% above the Software industry median of 19.62. Cenit AG's overall GF Score™ is 80/100 with 5 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 Cenit AG (CHIX:CSHD), the current ROC (Joel Greenblatt) % is 124.81% 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 Cenit AG (CHIX:CSHD) Overvalued in 2026?
Based on GuruFocus' analysis, Cenit AG stock appears to be undervalued.
The current stock price of €14.38 is trading 13.4% below its estimated GF Value™ of €16.60.
Key valuation signals for CHIX:CSHD:
ROC (Joel Greenblatt) %: 124.81% (97% above median its 10-year median of 63.40)
GF Value™: €16.60 vs. price of €14.38 (13.4% below fair value)
Industry Position: 536.1% above the Software median (#986 of 2807)
No single metric tells the full story. See the CHIX:CSHD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cenit AG specializes in the sale and integration of software and IT services. The Group has two reportable segments: EIM (Enterprise Information Management) and PLM (Product Lifecycle Management). The majority of its revenue is generated from the PLM segment, which focuses on industrial customers and the corresponding technologies, providing products and services in product lifecycle management, such as CATIA from Dassault Systemes or SAP, and internally developed software such as cenitCONNECT and FASTSUITE. The EIM segment serves businesses, banks, insurers, and utilities by providing IBM-based and in-house software solutions and consulting for document management and business intelligence. Geographically, it derives key revenue from Germany, followed by France, North America, and others.
80GF Score
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