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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. Lesaka Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 45.22%.
The historical rank and industry rank for Lesaka Technologies's ROC (Joel Greenblatt) % or its related term are showing as below:
JSE:LSK'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -504.86 Med: -16.07 Max: 196.41
Current: -31.44
During the past 13 years, Lesaka Technologies's highest ROC (Joel Greenblatt) % was 196.41%. The lowest was -504.86%. And the median was -16.07%.
JSE:LSK's ROC (Joel Greenblatt) % is ranked worse than 71.16% of 2819
companies
in the Software industry
Industry Median: 20.81
vs JSE:LSK: -31.44
Lesaka Technologies's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% 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.
Lesaka Technologies ROC (Joel Greenblatt) % Related Terms
Lesaka Technologies ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Lesaka Technologies'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.
JSE:LSK vs IMXI, IIIV, CINT: ROC (Joel Greenblatt) % Comparison
For the Software - Infrastructure subindustry, Lesaka Technologies'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.
Lesaka Technologies ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Lesaka Technologies's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Lesaka Technologies'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 (Mar. 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 45.22% mean?
Lesaka Technologies (JSE:LSK) has a ROC (Joel Greenblatt) % of 45.22% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Lesaka Technologies and its competitors. According to the industry distribution chart, Lesaka Technologies ranks #2006 out of 2819 companies in the Software industry, placing it in the top 71.2%.
Is Lesaka Technologies' ROC (Joel Greenblatt) % too high?
Lesaka Technologies' current ROC (Joel Greenblatt) % is 45.22%. The Software industry median ROC (Joel Greenblatt) % is 20.81. Lesaka Technologies' value of 45.22% is 117.3% above this industry median. Based on the distribution chart, Lesaka Technologies ranks #2006 out of 2819 companies in the Software industry, which is below the industry midpoint. Overall, Lesaka Technologies has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Lesaka Technologies' ROC (Joel Greenblatt) % compare to IMXI and IIIV?
According to the Software industry distribution chart, Lesaka Technologies ranks #2006 out of 2819 companies for ROC (Joel Greenblatt) %. This places Lesaka Technologies in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 20.81. Lesaka Technologies' value of 45.22% is 117.3% above this benchmark. 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 20.81, based on 2,819 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. Lesaka Technologies's current ROC (Joel Greenblatt) % of 45.22% is 117.3% 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 Lesaka Technologies and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 20.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lesaka Technologies's current ROC (Joel Greenblatt) % is 45.22%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lesaka Technologies stock overvalued right now?
Based on GuruFocus' analysis, Lesaka Technologies (JSE:LSK) is currently considered Fairly Valued. The stock's GF Value™ is R76.34, compared to a current price of R79.00 — trading 3.5% above its estimated fair value. The current ROC (Joel Greenblatt) % is 45.22% and 117.3% above the Software industry median of 20.81. Lesaka Technologies' overall GF Score™ is 83/100 with 8 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 Lesaka Technologies (JSE:LSK), the current ROC (Joel Greenblatt) % is 45.22% as of Mar. 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 Lesaka Technologies (JSE:LSK) Overvalued in 2026?
Based on GuruFocus' analysis, Lesaka Technologies stock appears to be overvalued.
The current stock price of R79.00 is trading 3.5% above its estimated GF Value™ of R76.34.
GuruFocus considers Lesaka Technologies to be Fairly Valued.
Key valuation signals for JSE:LSK:
ROC (Joel Greenblatt) %: 45.22%
GF Value™: R76.34 vs. price of R79.00 (3.5% above fair value)
Industry Position: 117.3% above the Software median (#2006 of 2819)
No single metric tells the full story. See the JSE:LSK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lesaka Technologies Inc provides payment solutions, transaction processing solutions, and financial technologies. The company operates three reportable segments: Merchant, Consumer and Enterprise. Merchant, which focuses on both formal and informal sector merchants. Consumer, which focuses on individuals who have historically been excluded from traditional financial services and to whom it offers transactional accounts (banking), insurance, lending (short-term loans), payments solutions and various value-added services; and Enterprise, which comprises large-scale corporate and government organizations, including but not limited to banks, mobile network operators (MNOs) and municipalities, and, through Recharger, landlords utilizing Recharger's prepaid electricity metering solution.
83GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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