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Digia OyjFRA:S2Y 84 ROC (Joel Greenblatt) % is 446.52% as of Dec. 2025, which is 159% above its 10-year median of 172.59. GuruFocus rates FRA:S2Y with a GF Score™ of 84/100 and a GF Value™ of €6.84. The stock has 4 warning signs investors should review. Among 2,817 Software companies, Digia Oyj ranks better than 81.47% 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. Digia Oyj's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 446.52%.
The historical rank and industry rank for Digia Oyj's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:S2Y'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 57.94 Med: 172.59 Max: 426.38
Current: 171.39
During the past 13 years, Digia Oyj's highest ROC (Joel Greenblatt) % was 426.38%. The lowest was 57.94%. And the median was 172.59%.
FRA:S2Y's ROC (Joel Greenblatt) % is ranked better than 81.47% of 2817
companies
in the Software industry
Industry Median: 20.25
vs FRA:S2Y: 171.39
Digia Oyj's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 24.80% 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.
The historical data trend for Digia Oyj'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:S2Y vs IBM, ACN, FISV: ROC (Joel Greenblatt) % Comparison
For the Information Technology Services subindustry, Digia Oyj'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.
Digia Oyj ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Digia Oyj's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Digia Oyj'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 (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 446.52% mean?
Digia Oyj (FRA:S2Y) has a ROC (Joel Greenblatt) % of 446.52% 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 Digia Oyj and its competitors. This is 159% above median its historical median of 172.59. Over the past decade, Digia Oyj's ROC (Joel Greenblatt) % has ranged from 57.94 to 426.38. According to the industry distribution chart, Digia Oyj ranks #522 out of 2817 companies in the Software industry, placing it in the top 18.5%.
Is Digia Oyj's ROC (Joel Greenblatt) % too high?
Digia Oyj's current ROC (Joel Greenblatt) % of 446.52% is 159% above median its 10-year median of 172.59. Over the past 10 years, this metric has ranged from a low of 57.94 to a high of 426.38. The Software industry median ROC (Joel Greenblatt) % is 20.25. Digia Oyj's value of 446.52% is 2105% above this industry median. Based on the distribution chart, Digia Oyj ranks #522 out of 2817 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Digia Oyj has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does Digia Oyj's ROC (Joel Greenblatt) % compare to IBM and ACN?
According to the Software industry distribution chart, Digia Oyj ranks #522 out of 2817 companies for ROC (Joel Greenblatt) %. This places Digia Oyj in the top 19% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 20.25. Digia Oyj's value of 446.52% is 2105% above this benchmark. Historically, Digia Oyj's own ROC (Joel Greenblatt) % has ranged from 57.94 to 426.38 over the past decade. While the company's 10-year median is 172.59 vs. the industry median of 20.25, Digia Oyj 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. Digia Oyj's current ROC (Joel Greenblatt) % of 446.52% is 2105% 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 Digia Oyj 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. Digia Oyj's current ROC (Joel Greenblatt) % is 446.52%, which is 159% above median its own 10-year median of 172.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Digia Oyj stock overvalued right now?
Digia Oyj (FRA:S2Y) has a current ROC (Joel Greenblatt) % of 446.52%. The stock's GF Value™ is €6.84, compared to a current price of €5.76 — trading 15.8% below its estimated fair value. The current ROC (Joel Greenblatt) % is 446.52%, which is 159% above median its 10-year median of 172.59 and 2105% above the Software industry median of 20.25. Digia Oyj's overall GF Score™ is 84/100 with 4 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 Digia Oyj (FRA:S2Y), the current ROC (Joel Greenblatt) % is 446.52% 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 Digia Oyj (FRA:S2Y) Overvalued in 2026?
Based on GuruFocus' analysis, Digia Oyj stock appears to be undervalued.
The current stock price of €5.76 is trading 15.8% below its estimated GF Value™ of €6.84.
Key valuation signals for FRA:S2Y:
ROC (Joel Greenblatt) %: 446.52% (159% above median its 10-year median of 172.59)
GF Value™: €6.84 vs. price of €5.76 (15.8% below fair value)
Industry Position: 2105% above the Software median (#522 of 2817)
No single metric tells the full story. See the FRA:S2Y stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Digia Oyj is a Finnish-based IT service company. It comprises four service areas: Digital Solutions, Business Platforms, Financial Platforms, and Managed Solutions. The company serves a diverse set of markets, including energy, retail trade, public sector, insurance, manufacturing and service business, banking and investment services, and logistics. Geographically, it operates in Finland, Sweden, Poland, Netherlands & other countries, out of which the majority of its revenue comes from Finland.
84GF Score
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