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Micro Systemation ABFRA:W98 +2.65%71 ROC (Joel Greenblatt) % is 58.07% as of Jun. 2026, which is 60% below its 10-year median of 143.89. GuruFocus rates FRA:W98 with a GF Score™ of 71/100 and a GF Value™ of €6.45 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 2,816 Software companies, Micro Systemation AB ranks better than 80.04% 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. Micro Systemation AB's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 58.07%.
The historical rank and industry rank for Micro Systemation AB's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:W98'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 45.8 Med: 143.89 Max: 3924.42
Current: 157.68
During the past 13 years, Micro Systemation AB's highest ROC (Joel Greenblatt) % was 3924.42%. The lowest was 45.80%. And the median was 143.89%.
FRA:W98's ROC (Joel Greenblatt) % is ranked better than 80.04% of 2816
companies
in the Software industry
Industry Median: 20.03
vs FRA:W98: 157.68
Micro Systemation AB's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 8.80% per year.
Micro Systemation AB (FRA:W98) 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.
Micro Systemation AB ROC (Joel Greenblatt) % Related Terms
Micro Systemation AB ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Micro Systemation AB'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.
Micro Systemation AB ROC (Joel Greenblatt) % Chart
FRA:W98 vs UBER, SHOP, CRM: ROC (Joel Greenblatt) % Comparison
For the Software - Application subindustry, Micro Systemation 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.
Micro Systemation AB ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Micro Systemation AB's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Micro Systemation AB's ROC (Joel Greenblatt) % falls into.
Micro Systemation 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 four times the quarterly (Jun. 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 58.07% mean?
Micro Systemation AB (FRA:W98) has a ROC (Joel Greenblatt) % of 58.07% as of Jun. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Micro Systemation AB and its competitors. This is 60% below median its historical median of 143.89. Over the past decade, Micro Systemation AB's ROC (Joel Greenblatt) % has ranged from 45.80 to 3,924.42. According to the industry distribution chart, Micro Systemation AB ranks #562 out of 2816 companies in the Software industry, placing it in the top 20%.
Is Micro Systemation AB's ROC (Joel Greenblatt) % too high?
Micro Systemation AB's current ROC (Joel Greenblatt) % of 58.07% is 60% below median its 10-year median of 143.89. Over the past 10 years, this metric has ranged from a low of 45.80 to a high of 3,924.42. The Software industry median ROC (Joel Greenblatt) % is 20.03. Micro Systemation AB's value of 58.07% is 189.9% above this industry median. Based on the distribution chart, Micro Systemation AB ranks #562 out of 2816 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Micro Systemation AB has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Micro Systemation AB's ROC (Joel Greenblatt) % compare to UBER and SHOP?
According to the Software industry distribution chart, Micro Systemation AB ranks #562 out of 2816 companies for ROC (Joel Greenblatt) %. This places Micro Systemation AB in the top 20% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 20.03. Micro Systemation AB's value of 58.07% is 189.9% above this benchmark. Historically, Micro Systemation AB's own ROC (Joel Greenblatt) % has ranged from 45.80 to 3,924.42 over the past decade. While the company's 10-year median is 143.89 vs. the industry median of 20.03, Micro Systemation 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 20.03, based on 2,816 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. Micro Systemation AB's current ROC (Joel Greenblatt) % of 58.07% is 189.9% 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 Micro Systemation AB 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. Micro Systemation AB's current ROC (Joel Greenblatt) % is 58.07%, which is 60% below median its own 10-year median of 143.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Micro Systemation AB stock overvalued right now?
Based on GuruFocus' analysis, Micro Systemation AB (FRA:W98) is currently considered Modestly Overvalued. The stock's GF Value™ is €6.45, compared to a current price of €7.74 — trading 20% above its estimated fair value. The current ROC (Joel Greenblatt) % is 58.07%, which is 60% below median its 10-year median of 143.89 and 189.9% above the Software industry median of 20.03. Micro Systemation AB's overall GF Score™ is 71/100 with 5 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 Micro Systemation AB (FRA:W98), the current ROC (Joel Greenblatt) % is 58.07% as of Jun. 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 Micro Systemation AB (FRA:W98) Overvalued in 2026?
Based on GuruFocus' analysis, Micro Systemation AB stock appears to be overvalued.
The current stock price of €7.74 is trading 20% above its estimated GF Value™ of €6.45.
GuruFocus considers Micro Systemation AB to be Modestly Overvalued.
Key valuation signals for FRA:W98:
ROC (Joel Greenblatt) %: 58.07% (60% below median its 10-year median of 143.89)
GF Value™: €6.45 vs. price of €7.74 (20% above fair value)
Industry Position: 189.9% above the Software median (#562 of 2816)
No single metric tells the full story. See the FRA:W98 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Micro Systemation AB is engaged in product development, production, and sales of solutions within the area of mobile digital forensics. It provides software products to extract, analyse, and present data from digital devices, predominantly mobile phones. The Group has three main product families: XRY, XAMN, and XEC. The products are used mainly by police, military, and intelligence agencies and are effective tools for securing evidence. The majority of the Group's sales are generated in the European market, with the United Kingdom being a substantial contributor; the rest comes from North America and other regions.
71GF Score
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