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Ease2pay NVFRA:DOC2 -0.73%49 ROC (Joel Greenblatt) % is 305.04% as of Dec. 2025. GuruFocus rates FRA:DOC2 with a GF Score™ of 49/100 and a GF Value™ of €0.69 (Possible Value Trap). The stock has 1 warning sign investors should review. Among 2,811 Software companies, Ease2pay NV ranks worse than 77.45% 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. Ease2pay NV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 305.04%.
The historical rank and industry rank for Ease2pay NV's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:DOC2'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -69000 Med: -16288.89 Max: -90.63
Current: -96.31
During the past 13 years, Ease2pay NV's highest ROC (Joel Greenblatt) % was -90.63%. The lowest was -69000.00%. And the median was -16288.89%.
FRA:DOC2's ROC (Joel Greenblatt) % is ranked worse than 77.45% of 2811
companies
in the Software industry
Industry Median: 19.63
vs FRA:DOC2: -96.31
Ease2pay NV's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 71.30% 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.
Ease2pay NV ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Ease2pay NV'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:DOC2 vs MSFT, ORCL, PLTR: ROC (Joel Greenblatt) % Comparison
For the Software - Infrastructure subindustry, Ease2pay NV'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.
Ease2pay NV ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Ease2pay NV's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Ease2pay NV'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 305.04% mean?
Ease2pay NV (FRA:DOC2) has a ROC (Joel Greenblatt) % of 305.04% 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 Ease2pay NV and its competitors. According to the industry distribution chart, Ease2pay NV ranks #2177 out of 2811 companies in the Software industry, placing it in the top 77.4%.
Is Ease2pay NV's ROC (Joel Greenblatt) % too high?
Ease2pay NV's current ROC (Joel Greenblatt) % is 305.04%. The Software industry median ROC (Joel Greenblatt) % is 19.63. Ease2pay NV's value of 305.04% is 1453.9% above this industry median. Based on the distribution chart, Ease2pay NV ranks #2177 out of 2811 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Ease2pay NV has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ease2pay NV's ROC (Joel Greenblatt) % compare to MSFT and ORCL?
According to the Software industry distribution chart, Ease2pay NV ranks #2177 out of 2811 companies for ROC (Joel Greenblatt) %. This places Ease2pay NV in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 19.63. Ease2pay NV's value of 305.04% is 1453.9% 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 19.63, 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. Ease2pay NV's current ROC (Joel Greenblatt) % of 305.04% is 1453.9% 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 Ease2pay NV 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. Ease2pay NV's current ROC (Joel Greenblatt) % is 305.04%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ease2pay NV stock overvalued right now?
Based on GuruFocus' analysis, Ease2pay NV (FRA:DOC2) is currently considered Possible Value Trap. The stock's GF Value™ is €0.69, compared to a current price of €0.41 — trading 40.7% below its estimated fair value. The current ROC (Joel Greenblatt) % is 305.04% and 1453.9% above the Software industry median of 19.63. Ease2pay NV's overall GF Score™ is 49/100 with 1 warning sign 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 Ease2pay NV (FRA:DOC2), the current ROC (Joel Greenblatt) % is 305.04% 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.
Is Ease2pay NV (FRA:DOC2) Overvalued in 2026?
Based on GuruFocus' analysis, Ease2pay NV stock appears to be undervalued.
The current stock price of €0.41 is trading 40.7% below its estimated GF Value™ of €0.69.
GuruFocus considers Ease2pay NV to be Possible Value Trap.
Key valuation signals for FRA:DOC2:
ROC (Joel Greenblatt) %: 305.04%
GF Value™: €0.69 vs. price of €0.41 (40.7% below fair value)
Industry Position: 1453.9% above the Software median (#2177 of 2811)
No single metric tells the full story. See the FRA:DOC2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ease2pay NV provides services via its payment transaction platform, which offers users services to order and pay in one action. It also operates a platform that connects travellers with providers of parking and charging facilities, not only on the road but also on water. The company's offers services such as parking payment, refueling payment, reserving a parking bay or mooring and arranging access to electricity and tap water and possibly additional facilities, such as launderettes,, charging private cars, on- and off-street parking and other services.
49GF 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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