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Stockholm Nordtech Group ABFRA:GD2 +3.05%18 ROC (Joel Greenblatt) % is 64.34% as of Dec. 2025, which is 22% above its 10-year median of 52.53. GuruFocus rates FRA:GD2 with a GF Score™ of 18/100. The stock has 2 warning signs investors should review. Among 2,817 Software companies, Stockholm Nordtech Group AB ranks better than 64.93% 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. Stockholm Nordtech Group AB's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 64.34%.
The historical rank and industry rank for Stockholm Nordtech Group AB's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:GD2'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 40.56 Med: 52.53 Max: 62.79
Current: 62.79
During the past 4 years, Stockholm Nordtech Group AB's highest ROC (Joel Greenblatt) % was 62.79%. The lowest was 40.56%. And the median was 52.53%.
FRA:GD2's ROC (Joel Greenblatt) % is ranked better than 64.93% of 2817
companies
in the Software industry
Industry Median: 20.25
vs FRA:GD2: 62.79
Stockholm Nordtech Group AB (FRA:GD2) 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.
* 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.
Stockholm Nordtech Group AB ROC (Joel Greenblatt) % Chart
Stockholm Nordtech Group AB Annual Data
Trend
Dec22
Dec23
Dec24
Dec25
ROC (Joel Greenblatt) %
0.00
40.31
51.83
64.34
Stockholm Nordtech Group AB Semi-Annual Data
Dec22
Dec23
Dec24
Dec25
ROC (Joel Greenblatt) %
0.00
40.31
51.83
64.34
FRA:GD2 vs MSFT, ORCL, PLTR: ROC (Joel Greenblatt) % Comparison
For the Software - Infrastructure subindustry, Stockholm Nordtech Group AB'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.
Stockholm Nordtech Group AB ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Stockholm Nordtech Group AB's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Stockholm Nordtech Group AB's ROC (Joel Greenblatt) % falls into.
Stockholm Nordtech Group AB 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 one times the 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 64.34% mean?
Stockholm Nordtech Group AB (FRA:GD2) has a ROC (Joel Greenblatt) % of 64.34% 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 Stockholm Nordtech Group AB and its competitors. This is 22% above median its historical median of 52.53. Over the past decade, Stockholm Nordtech Group AB's ROC (Joel Greenblatt) % has ranged from 40.56 to 62.79. According to the industry distribution chart, Stockholm Nordtech Group AB ranks #988 out of 2817 companies in the Software industry, placing it in the top 35.1%.
Is Stockholm Nordtech Group AB's ROC (Joel Greenblatt) % too high?
Stockholm Nordtech Group AB's current ROC (Joel Greenblatt) % of 64.34% is 22% above median its 10-year median of 52.53. Over the past 10 years, this metric has ranged from a low of 40.56 to a high of 62.79. The Software industry median ROC (Joel Greenblatt) % is 20.25. Stockholm Nordtech Group AB's value of 64.34% is 217.7% above this industry median. Based on the distribution chart, Stockholm Nordtech Group AB ranks #988 out of 2817 companies in the Software industry, which is above the industry midpoint. Overall, Stockholm Nordtech Group AB has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Stockholm Nordtech Group AB's ROC (Joel Greenblatt) % compare to MSFT and ORCL?
According to the Software industry distribution chart, Stockholm Nordtech Group AB ranks #988 out of 2817 companies for ROC (Joel Greenblatt) %. This puts Stockholm Nordtech Group AB in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 20.25. Stockholm Nordtech Group AB's value of 64.34% is 217.7% above this benchmark. Historically, Stockholm Nordtech Group AB's own ROC (Joel Greenblatt) % has ranged from 40.56 to 62.79 over the past decade. While the company's 10-year median is 52.53 vs. the industry median of 20.25, Stockholm Nordtech Group AB 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 20.25, based on 2,817 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. Stockholm Nordtech Group AB's current ROC (Joel Greenblatt) % of 64.34% is 217.7% 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 Stockholm Nordtech Group AB and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 20.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Stockholm Nordtech Group AB's current ROC (Joel Greenblatt) % is 64.34%, which is 22% above median its own 10-year median of 52.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Stockholm Nordtech Group AB stock overvalued right now?
Stockholm Nordtech Group AB (FRA:GD2) has a current ROC (Joel Greenblatt) % of 64.34%. The current ROC (Joel Greenblatt) % is 64.34%, which is 22% above median its 10-year median of 52.53 and 217.7% above the Software industry median of 20.25. Stockholm Nordtech Group AB's overall GF Score™ is 18/100 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 Stockholm Nordtech Group AB (FRA:GD2), the current ROC (Joel Greenblatt) % is 64.34% 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.
Nordtech Group AB develops and acquires small and medium sized companies that provide mission-critical B2B software solutions in resilient niche markets. Its portfolio includes software businesses serving a range of industries across the Business Platforms, Operational Solutions, and Public Infrastructure segments. The majority of revenue is derived from the Operational solutions segment. The company's software products are used in customer operations and include recurring-revenue business models. The company also supports the adoption of artificial intelligence technologies across its portfolio companies. Its operating model combines ownership oversight with decentralized operations, allowing portfolio companies to manage their day-to-day activities independently.
18GF Score
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