Netcompany Group ASCHIX:NETCC 91 ROC (Joel Greenblatt) % is 88.66% as of Mar. 2026, which is 65% below its 10-year median of 251.74. GuruFocus rates CHIX:NETCC with a GF Score™ of 91/100 and a GF Value™ of kr401.55 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,807 Software companies, Netcompany Group AS ranks better than 63.2% 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. Netcompany Group AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 88.66%.
The historical rank and industry rank for Netcompany Group AS's ROC (Joel Greenblatt) % or its related term are showing as below:
CHIX:NETCc'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 51.32 Med: 251.74 Max: 384.64
Current: 55.45
During the past 11 years, Netcompany Group AS's highest ROC (Joel Greenblatt) % was 384.64%. The lowest was 51.32%. And the median was 251.74%.
CHIX:NETCc's ROC (Joel Greenblatt) % is ranked better than 63.2% of 2807
companies
in the Software industry
Industry Median: 19.99
vs CHIX:NETCc: 55.45
Netcompany Group AS's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -32.00% per year.
Netcompany Group AS (CHIX:NETCc) 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.
Netcompany Group AS ROC (Joel Greenblatt) % Related Terms
Netcompany Group AS ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Netcompany Group AS'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:NETCC vs IBM, ACN, FISV: ROC (Joel Greenblatt) % Comparison
For the Information Technology Services subindustry, Netcompany Group AS'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.
Netcompany Group AS ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Netcompany Group AS's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Netcompany Group AS's ROC (Joel Greenblatt) % falls into.
Netcompany Group AS 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 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 88.66% mean?
Netcompany Group AS (CHIX:NETCC) has a ROC (Joel Greenblatt) % of 88.66% 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 Netcompany Group AS and its competitors. This is 65% below median its historical median of 251.74. Over the past decade, Netcompany Group AS's ROC (Joel Greenblatt) % has ranged from 51.32 to 384.64. According to the industry distribution chart, Netcompany Group AS ranks #1033 out of 2807 companies in the Software industry, placing it in the top 36.8%.
Is Netcompany Group AS's ROC (Joel Greenblatt) % too high?
Netcompany Group AS's current ROC (Joel Greenblatt) % of 88.66% is 65% below median its 10-year median of 251.74. Over the past 10 years, this metric has ranged from a low of 51.32 to a high of 384.64. The Software industry median ROC (Joel Greenblatt) % is 19.99. Netcompany Group AS's value of 88.66% is 343.5% above this industry median. Based on the distribution chart, Netcompany Group AS ranks #1033 out of 2807 companies in the Software industry, which is above the industry midpoint. Overall, Netcompany Group AS has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Netcompany Group AS's ROC (Joel Greenblatt) % compare to IBM and ACN?
According to the Software industry distribution chart, Netcompany Group AS ranks #1033 out of 2807 companies for ROC (Joel Greenblatt) %. This puts Netcompany Group AS in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 19.99. Netcompany Group AS's value of 88.66% is 343.5% above this benchmark. Historically, Netcompany Group AS's own ROC (Joel Greenblatt) % has ranged from 51.32 to 384.64 over the past decade. While the company's 10-year median is 251.74 vs. the industry median of 19.99, Netcompany Group AS 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 19.99, 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. Netcompany Group AS's current ROC (Joel Greenblatt) % of 88.66% is 343.5% 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 Netcompany Group AS and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 19.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Netcompany Group AS's current ROC (Joel Greenblatt) % is 88.66%, which is 65% below median its own 10-year median of 251.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Netcompany Group AS stock overvalued right now?
Based on GuruFocus' analysis, Netcompany Group AS (CHIX:NETCC) is currently considered Modestly Undervalued. The stock's GF Value™ is kr401.55, compared to a current price of kr301.80 — trading 24.8% below its estimated fair value. The current ROC (Joel Greenblatt) % is 88.66%, which is 65% below median its 10-year median of 251.74 and 343.5% above the Software industry median of 19.99. Netcompany Group AS's overall GF Score™ is 91/100 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 Netcompany Group AS (CHIX:NETCC), the current ROC (Joel Greenblatt) % is 88.66% 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 Netcompany Group AS (CHIX:NETCC) Overvalued in 2026?
Based on GuruFocus' analysis, Netcompany Group AS stock appears to be undervalued.
The current stock price of kr301.80 is trading 24.8% below its estimated GF Value™ of kr401.55.
GuruFocus considers Netcompany Group AS to be Modestly Undervalued.
Key valuation signals for CHIX:NETCC:
ROC (Joel Greenblatt) %: 88.66% (65% below median its 10-year median of 251.74)
GF Value™: kr401.55 vs. price of kr301.80 (24.8% below fair value)
Industry Position: 343.5% above the Software median (#1033 of 2807)
No single metric tells the full story. See the CHIX:NETCC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Netcompany Group AS is an information technology services company. The company is engaged in delivering business-critical IT solutions to large Public and Private sector customers and supporting them in their digital transformation journeys. Its offerings include software solutions and digital platforms such as Pulse, Easley AI and Solon Tax among others. The company's business segments are Denmark, SEE & EUI, the United Kingdom, Norway, the Netherlands and Banking Services. It generates the majority of revenue from the Denmark segment.
91GF Score
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