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GMO Payment GatewayFRA:3RH +2.00%92 ROC (Joel Greenblatt) % is 1,293.99% as of Mar. 2026, which is 49% above its 10-year median of 869.12. GuruFocus rates FRA:3RH with a GF Score™ of 92/100 and a GF Value™ of €55.73. The stock has 7 warning signs investors should review. Among 2,809 Software companies, GMO Payment Gateway ranks better than 96.87% 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. GMO Payment Gateway's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 1,293.99%.
The historical rank and industry rank for GMO Payment Gateway's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:3RH'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 352.03 Med: 869.12 Max: 1979.83
Current: 1062
During the past 13 years, GMO Payment Gateway's highest ROC (Joel Greenblatt) % was 1979.83%. The lowest was 352.03%. And the median was 869.12%.
FRA:3RH's ROC (Joel Greenblatt) % is ranked better than 96.87% of 2809
companies
in the Software industry
Industry Median: 19.63
vs FRA:3RH: 1062.00
GMO Payment Gateway's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 13.90% 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.
GMO Payment Gateway ROC (Joel Greenblatt) % Related Terms
GMO Payment Gateway ROC (Joel Greenblatt) % Historical Data
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The historical data trend for GMO Payment Gateway'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.
FRA:3RH vs MSFT, ORCL, PLTR: ROC (Joel Greenblatt) % Comparison
For the Software - Infrastructure subindustry, GMO Payment Gateway'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.
GMO Payment Gateway ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, GMO Payment Gateway's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where GMO Payment Gateway'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 1,293.99% mean?
GMO Payment Gateway (FRA:3RH) has a ROC (Joel Greenblatt) % of 1,293.99% 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 GMO Payment Gateway and its competitors. This is 49% above median its historical median of 869.12. Over the past decade, GMO Payment Gateway's ROC (Joel Greenblatt) % has ranged from 352.03 to 1,979.83. According to the industry distribution chart, GMO Payment Gateway ranks #88 out of 2809 companies in the Software industry, placing it in the top 3.1%.
Is GMO Payment Gateway's ROC (Joel Greenblatt) % too high?
GMO Payment Gateway's current ROC (Joel Greenblatt) % of 1,293.99% is 49% above median its 10-year median of 869.12. Over the past 10 years, this metric has ranged from a low of 352.03 to a high of 1,979.83. The Software industry median ROC (Joel Greenblatt) % is 19.63. GMO Payment Gateway's value of 1,293.99% is 6491.9% above this industry median. Based on the distribution chart, GMO Payment Gateway ranks #88 out of 2809 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, GMO Payment Gateway has a GF Score™ of 92/100, reflecting its overall financial health beyond just this single metric.
How does GMO Payment Gateway's ROC (Joel Greenblatt) % compare to MSFT and ORCL?
According to the Software industry distribution chart, GMO Payment Gateway ranks #88 out of 2809 companies for ROC (Joel Greenblatt) %. This places GMO Payment Gateway in the top 3% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 19.63. GMO Payment Gateway's value of 1,293.99% is 6491.9% above this benchmark. Historically, GMO Payment Gateway's own ROC (Joel Greenblatt) % has ranged from 352.03 to 1,979.83 over the past decade. While the company's 10-year median is 869.12 vs. the industry median of 19.63, GMO Payment Gateway 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 2,809 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. GMO Payment Gateway's current ROC (Joel Greenblatt) % of 1,293.99% is 6491.9% 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 GMO Payment Gateway 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. GMO Payment Gateway's current ROC (Joel Greenblatt) % is 1,293.99%, which is 49% above median its own 10-year median of 869.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GMO Payment Gateway stock overvalued right now?
GMO Payment Gateway (FRA:3RH) has a current ROC (Joel Greenblatt) % of 1,293.99%. The stock's GF Value™ is €55.73, compared to a current price of €51.00 — trading 8.5% below its estimated fair value. The current ROC (Joel Greenblatt) % is 1,293.99%, which is 49% above median its 10-year median of 869.12 and 6491.9% above the Software industry median of 19.63. GMO Payment Gateway's overall GF Score™ is 92/100 with 7 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 GMO Payment Gateway (FRA:3RH), the current ROC (Joel Greenblatt) % is 1,293.99% 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 GMO Payment Gateway (FRA:3RH) Overvalued in 2026?
Based on GuruFocus' analysis, GMO Payment Gateway stock appears to be undervalued.
The current stock price of €51.00 is trading 8.5% below its estimated GF Value™ of €55.73.
Key valuation signals for FRA:3RH:
ROC (Joel Greenblatt) %: 1,293.99% (49% above median its 10-year median of 869.12)
GF Value™: €55.73 vs. price of €51.00 (8.5% below fair value)
Industry Position: 6491.9% above the Software median (#88 of 2809)
No single metric tells the full story. See the FRA:3RH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
GMO Payment Gateway is a major Japanese provider of cashless and online payment infrastructure, serving many sectors including digital content and telecommunications, utilities, retail and hospitality, financial services, healthcare, and education. It serves a wide array of clients, from government agencies and municipalities to enterprises and merchants, across online and offline channels, including e-commerce platforms, physical stores, and unattended machines. Its services encompass payment processing, settlement solutions, and ancillary offerings such as early or deferred settlement services, transaction lending, buy now, pay later, online advertising, and internet security. GMO is expanding into adjacent financial technology operations, and gradually across Asia and North America.
92GF Score
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