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B+S Banksysteme AGFRA:DTD2 +3.95%81 ROC (Joel Greenblatt) % is 111.76% as of Dec. 2025, which is 442% above its 10-year median of 20.61. GuruFocus rates FRA:DTD2 with a GF Score™ of 81/100 and a GF Value™ of €1.91 (Fairly Valued). The stock has 2 warning signs investors should review. Among 2,818 Software companies, B+S Banksysteme AG ranks better than 73.99% 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. B+S Banksysteme AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 111.76%.
The historical rank and industry rank for B+S Banksysteme AG's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:DTD2'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -14.19 Med: 20.61 Max: 166.33
Current: 105.4
During the past 13 years, B+S Banksysteme AG's highest ROC (Joel Greenblatt) % was 166.33%. The lowest was -14.19%. And the median was 20.61%.
FRA:DTD2's ROC (Joel Greenblatt) % is ranked better than 73.99% of 2818
companies
in the Software industry
Industry Median: 20.03
vs FRA:DTD2: 105.40
B+S Banksysteme AG's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
B+S Banksysteme AG (FRA:DTD2) 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.
B+S Banksysteme AG ROC (Joel Greenblatt) % Related Terms
B+S Banksysteme AG ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for B+S Banksysteme 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.
FRA:DTD2 vs QH, SHOP, UBER: ROC (Joel Greenblatt) % Comparison
For the Software - Application subindustry, B+S Banksysteme 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.
B+S Banksysteme AG ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, B+S Banksysteme AG's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where B+S Banksysteme AG's ROC (Joel Greenblatt) % falls into.
B+S Banksysteme AG 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 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 111.76% mean?
B+S Banksysteme AG (FRA:DTD2) has a ROC (Joel Greenblatt) % of 111.76% 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 B+S Banksysteme AG and its competitors. This is 442% above median its historical median of 20.61. According to the industry distribution chart, B+S Banksysteme AG ranks #733 out of 2818 companies in the Software industry, placing it in the top 26%.
Is B+S Banksysteme AG's ROC (Joel Greenblatt) % too high?
B+S Banksysteme AG's current ROC (Joel Greenblatt) % of 111.76% is 442% above median its 10-year median of 20.61. The Software industry median ROC (Joel Greenblatt) % is 20.03. B+S Banksysteme AG's value of 111.76% is 458% above this industry median. Based on the distribution chart, B+S Banksysteme AG ranks #733 out of 2818 companies in the Software industry, which is above the industry midpoint. Overall, B+S Banksysteme AG has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does B+S Banksysteme AG's ROC (Joel Greenblatt) % compare to QH and SHOP?
According to the Software industry distribution chart, B+S Banksysteme AG ranks #733 out of 2818 companies for ROC (Joel Greenblatt) %. This puts B+S Banksysteme AG in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 20.03. B+S Banksysteme AG's value of 111.76% is 458% above this benchmark. While the company's 10-year median is 20.61 vs. the industry median of 20.03, B+S Banksysteme 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 20.03, based on 2,818 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. B+S Banksysteme AG's current ROC (Joel Greenblatt) % of 111.76% is 458% 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 B+S Banksysteme AG and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 20.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. B+S Banksysteme AG's current ROC (Joel Greenblatt) % is 111.76%, which is 442% above median its own 10-year median of 20.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is B+S Banksysteme AG stock overvalued right now?
Based on GuruFocus' analysis, B+S Banksysteme AG (FRA:DTD2) is currently considered Fairly Valued. The stock's GF Value™ is €1.91, compared to a current price of €1.98 — trading 3.4% above its estimated fair value. The current ROC (Joel Greenblatt) % is 111.76%, which is 442% above median its 10-year median of 20.61 and 458% above the Software industry median of 20.03. B+S Banksysteme AG's overall GF Score™ is 81/100 with 2 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 B+S Banksysteme AG (FRA:DTD2), the current ROC (Joel Greenblatt) % is 111.76% 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 B+S Banksysteme AG (FRA:DTD2) Overvalued in 2026?
Based on GuruFocus' analysis, B+S Banksysteme AG stock appears to be overvalued.
The current stock price of €1.98 is trading 3.4% above its estimated GF Value™ of €1.91.
GuruFocus considers B+S Banksysteme AG to be Fairly Valued.
Key valuation signals for FRA:DTD2:
ROC (Joel Greenblatt) %: 111.76% (442% above median its 10-year median of 20.61)
GF Value™: €1.91 vs. price of €1.98 (3.4% above fair value)
Industry Position: 458% above the Software median (#733 of 2818)
No single metric tells the full story. See the FRA:DTD2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
B+S Banksysteme AG develops and markets software solutions for the completion of financial transactions with banks, savings banks, and industrial enterprises. It is engaged in the creation and development of its own programs for data processing, duplication, licensing, and distribution as well as consulting for companies. The company's headquarters have been in Munich with further locations in Austria (Salzburg) and Switzerland (Canton Bern).
81GF Score
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