FirstWave Cloud TechnologyFCLOF ROC (Joel Greenblatt) % is -6,917.07% as of Dec. 2025. The stock has 6 warning signs investors should review. Among 2,809 Software companies, FirstWave Cloud Technology ranks worse than 97.69% 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. FirstWave Cloud Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -6,917.07%.
The historical rank and industry rank for FirstWave Cloud Technology's ROC (Joel Greenblatt) % or its related term are showing as below:
FCLOF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -14846.24 Med: -2337.06 Max: -711.41
Current: -14846.24
During the past 13 years, FirstWave Cloud Technology's highest ROC (Joel Greenblatt) % was -711.41%. The lowest was -14846.24%. And the median was -2337.06%.
FCLOF's ROC (Joel Greenblatt) % is ranked worse than 97.69% of 2809
companies
in the Software industry
Industry Median: 19.89
vs FCLOF: -14846.24
FirstWave Cloud Technology's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -14.90% per year.
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.
* 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.
FCLOF vs MSFT, ORCL, PLTR: ROC (Joel Greenblatt) % Comparison
For the Software - Infrastructure subindustry, FirstWave Cloud Technology'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.
FirstWave Cloud Technology ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, FirstWave Cloud Technology's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where FirstWave Cloud Technology'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 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 -6,917.07% mean?
FirstWave Cloud Technology (FCLOF) has a ROC (Joel Greenblatt) % of -6,917.07% 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 FirstWave Cloud Technology and its competitors. According to the industry distribution chart, FirstWave Cloud Technology ranks #2744 out of 2809 companies in the Software industry, placing it in the top 97.7%.
Is FirstWave Cloud Technology's ROC (Joel Greenblatt) % too high?
FirstWave Cloud Technology's current ROC (Joel Greenblatt) % is -6,917.07%. Based on the distribution chart, FirstWave Cloud Technology ranks #2744 out of 2809 companies in the Software industry, which is in the bottom quartile relative to peers.
How does FirstWave Cloud Technology's ROC (Joel Greenblatt) % compare to MSFT and ORCL?
According to the Software industry distribution chart, FirstWave Cloud Technology ranks #2744 out of 2809 companies for ROC (Joel Greenblatt) %. This places FirstWave Cloud Technology in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 19.89. 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 2,809 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. 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 FirstWave Cloud Technology 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. FirstWave Cloud Technology's current ROC (Joel Greenblatt) % is -6,917.07%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FirstWave Cloud Technology stock overvalued right now?
FirstWave Cloud Technology (FCLOF) has a current ROC (Joel Greenblatt) % of -6,917.07%. The stock's GF Value™ is $0.09, compared to a current price of $0.06 — trading 33.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is -6,917.07%. 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 FirstWave Cloud Technology (FCLOF), the current ROC (Joel Greenblatt) % is -6,917.07% 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.
FirstWave Cloud Technology Ltd is a technology company offering a comprehensive end-to-end solution for network discovery, management, and cybersecurity by developing and selling network monitoring and internet security software. Its product offerings include NMIS9 (Network Management Information System), Secure Traffic Manager Platform, CyberCision Platform, and Open-Audit (a network auditing discovery solution), among others. The company mainly caters to the needs of MSPs and service providers, government entities, and enterprises. It has only one reportable segment, being the development and sale of software. Geographically, the company generates maximum revenue from its business in Australia, followed by the USA and Canada, Latin America, and the Rest of the world.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FCLOF has been successfully added to your 