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Deutsche Balaton AGHAM:BBHK +0.66%30 ROC (Joel Greenblatt) % is 578.42% as of Dec. 2025, which is 503% above its 10-year median of 95.93. GuruFocus rates HAM:BBHK with a GF Score™ of 30/100 and a GF Value™ of €1,872.72 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 2,813 Software companies, Deutsche Balaton AG ranks better than 94.06% 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. Deutsche Balaton AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 578.42%.
The historical rank and industry rank for Deutsche Balaton AG's ROC (Joel Greenblatt) % or its related term are showing as below:
HAM:BBHK'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -394.23 Med: 95.93 Max: 578.42
Current: 578.42
During the past 13 years, Deutsche Balaton AG's highest ROC (Joel Greenblatt) % was 578.42%. The lowest was -394.23%. And the median was 95.93%.
HAM:BBHK's ROC (Joel Greenblatt) % is ranked better than 94.06% of 2813
companies
in the Software industry
Industry Median: 20.74
vs HAM:BBHK: 578.42
Deutsche Balaton AG's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Deutsche Balaton AG (HAM:BBHK) 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.
Deutsche Balaton AG ROC (Joel Greenblatt) % Related Terms
Deutsche Balaton AG ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Deutsche Balaton 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.
HAM:BBHK vs IBM, ACN, CTSH: ROC (Joel Greenblatt) % Comparison
For the Information Technology Services subindustry, Deutsche Balaton 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.
Deutsche Balaton AG ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Deutsche Balaton AG's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Deutsche Balaton AG's ROC (Joel Greenblatt) % falls into.
Deutsche Balaton 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 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 578.42% mean?
Deutsche Balaton AG (HAM:BBHK) has a ROC (Joel Greenblatt) % of 578.42% 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 Deutsche Balaton AG and its competitors. This is 503% above median its historical median of 95.93. According to the industry distribution chart, Deutsche Balaton AG ranks #167 out of 2813 companies in the Software industry, placing it in the top 5.9%.
Is Deutsche Balaton AG's ROC (Joel Greenblatt) % too high?
Deutsche Balaton AG's current ROC (Joel Greenblatt) % of 578.42% is 503% above median its 10-year median of 95.93. The Software industry median ROC (Joel Greenblatt) % is 20.74. Deutsche Balaton AG's value of 578.42% is 2688.9% above this industry median. Based on the distribution chart, Deutsche Balaton AG ranks #167 out of 2813 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Deutsche Balaton AG has a GF Score™ of 30/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Deutsche Balaton AG's ROC (Joel Greenblatt) % compare to IBM and ACN?
According to the Software industry distribution chart, Deutsche Balaton AG ranks #167 out of 2813 companies for ROC (Joel Greenblatt) %. This places Deutsche Balaton AG in the top 6% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 20.74. Deutsche Balaton AG's value of 578.42% is 2688.9% above this benchmark. While the company's 10-year median is 95.93 vs. the industry median of 20.74, Deutsche Balaton 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 20.74, based on 2,813 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. Deutsche Balaton AG's current ROC (Joel Greenblatt) % of 578.42% is 2688.9% 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 Deutsche Balaton AG and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 20.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Deutsche Balaton AG's current ROC (Joel Greenblatt) % is 578.42%, which is 503% above median its own 10-year median of 95.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Deutsche Balaton AG stock overvalued right now?
Based on GuruFocus' analysis, Deutsche Balaton AG (HAM:BBHK) is currently considered Significantly Overvalued. The stock's GF Value™ is €1,872.72, compared to a current price of €3,060.00 — trading 63.4% above its estimated fair value. The current ROC (Joel Greenblatt) % is 578.42%, which is 503% above median its 10-year median of 95.93 and 2688.9% above the Software industry median of 20.74. Deutsche Balaton AG's overall GF Score™ is 30/100 with 6 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 Deutsche Balaton AG (HAM:BBHK), the current ROC (Joel Greenblatt) % is 578.42% 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 Deutsche Balaton AG (HAM:BBHK) Overvalued in 2026?
Based on GuruFocus' analysis, Deutsche Balaton AG stock appears to be overvalued.
The current stock price of €3,060.00 is trading 63.4% above its estimated GF Value™ of €1,872.72.
GuruFocus considers Deutsche Balaton AG to be Significantly Overvalued.
Key valuation signals for HAM:BBHK:
ROC (Joel Greenblatt) %: 578.42% (503% above median its 10-year median of 95.93)
GF Value™: €1,872.72 vs. price of €3,060.00 (63.4% above fair value)
Industry Position: 2688.9% above the Software median (#167 of 2813)
No single metric tells the full story. See the HAM:BBHK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Deutsche Balaton AG is an investment company. The company's activities were divided into the segments Asset Management and Beta Systems. The Asset management segment focus of the investment activities of the Deutsche Balaton Group in the reporting period is on listed and unlisted company investments with a predominantly medium to long-term investment horizon, and The Beta Systems segment has been developing high-quality software products and solutions for the secure and efficient processing of large amounts of data, which support companies with complex IT structures in automating, securing and traceable their IT-supported business processes, and the company generated majority of its revenue from the Beta Systems segment.
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