Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Harvest TechnologyMAL:HRV 87 ROC (Joel Greenblatt) % is 420.87% as of Dec. 2025, which is 161% above its 10-year median of 161.05. GuruFocus rates MAL:HRV with a GF Score™ of 87/100 and a GF Value™ of €1.09 (Fairly Valued). The stock has 5 warning signs investors should review. Among 2,816 Software companies, Harvest Technology ranks better than 82.99% 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. Harvest Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 420.87%.
The historical rank and industry rank for Harvest Technology's ROC (Joel Greenblatt) % or its related term are showing as below:
MAL:HRV'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 56.19 Med: 161.05 Max: 244.35
Current: 184
During the past 7 years, Harvest Technology's highest ROC (Joel Greenblatt) % was 244.35%. The lowest was 56.19%. And the median was 161.05%.
MAL:HRV's ROC (Joel Greenblatt) % is ranked better than 82.99% of 2816
companies
in the Software industry
Industry Median: 20.03
vs MAL:HRV: 184.00
Harvest Technology's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -8.00% 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.
Harvest Technology ROC (Joel Greenblatt) % Related Terms
Harvest Technology ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Harvest Technology'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.
MAL:HRV vs IBM, ACN, FISV: ROC (Joel Greenblatt) % Comparison
For the Information Technology Services subindustry, Harvest Technology'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.
Harvest Technology ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Harvest Technology's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Harvest Technology'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 two times the semi-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 420.87% mean?
Harvest Technology (MAL:HRV) has a ROC (Joel Greenblatt) % of 420.87% 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 Harvest Technology and its competitors. This is 161% above median its historical median of 161.05. Over the past decade, Harvest Technology's ROC (Joel Greenblatt) % has ranged from 56.19 to 244.35. According to the industry distribution chart, Harvest Technology ranks #479 out of 2816 companies in the Software industry, placing it in the top 17%.
Is Harvest Technology's ROC (Joel Greenblatt) % too high?
Harvest Technology's current ROC (Joel Greenblatt) % of 420.87% is 161% above median its 10-year median of 161.05. Over the past 10 years, this metric has ranged from a low of 56.19 to a high of 244.35. The Software industry median ROC (Joel Greenblatt) % is 20.03. Harvest Technology's value of 420.87% is 2001.2% above this industry median. Based on the distribution chart, Harvest Technology ranks #479 out of 2816 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Harvest Technology has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Harvest Technology's ROC (Joel Greenblatt) % compare to IBM and ACN?
According to the Software industry distribution chart, Harvest Technology ranks #479 out of 2816 companies for ROC (Joel Greenblatt) %. This places Harvest Technology in the top 17% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 20.03. Harvest Technology's value of 420.87% is 2001.2% above this benchmark. Historically, Harvest Technology's own ROC (Joel Greenblatt) % has ranged from 56.19 to 244.35 over the past decade. While the company's 10-year median is 161.05 vs. the industry median of 20.03, Harvest Technology 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. Harvest Technology's current ROC (Joel Greenblatt) % of 420.87% is 2001.2% 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 Harvest Technology 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. Harvest Technology's current ROC (Joel Greenblatt) % is 420.87%, which is 161% above median its own 10-year median of 161.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harvest Technology stock overvalued right now?
Based on GuruFocus' analysis, Harvest Technology (MAL:HRV) is currently considered Fairly Valued. The stock's GF Value™ is €1.09, compared to a current price of €1.00 — trading 8.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is 420.87%, which is 161% above median its 10-year median of 161.05 and 2001.2% above the Software industry median of 20.03. Harvest Technology's overall GF Score™ is 87/100 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 Harvest Technology (MAL:HRV), the current ROC (Joel Greenblatt) % is 420.87% 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 Harvest Technology (MAL:HRV) Overvalued in 2026?
Based on GuruFocus' analysis, Harvest Technology stock appears to be undervalued.
The current stock price of €1.00 is trading 8.3% below its estimated GF Value™ of €1.09.
GuruFocus considers Harvest Technology to be Fairly Valued.
Key valuation signals for MAL:HRV:
ROC (Joel Greenblatt) %: 420.87% (161% above median its 10-year median of 161.05)
GF Value™: €1.09 vs. price of €1.00 (8.3% below fair value)
Industry Position: 2001.2% above the Software median (#479 of 2816)
No single metric tells the full story. See the MAL:HRV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harvest Technology PLC company principally acts as a holding company. The company is engaged in the sale, maintenance and servicing of information technology solutions, fire, security, building management systems and to provide electronic payments solutions. The Group operates in two segments, sale of payment processing services and the provision of IT solutions and security systems. The company has presence in Malta, EU countries, and Non-EU countries. The company generates majority of revenue from Malta only.
87GF Score
Get the complete analysis for MAL:HRV
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MAL:HRV has been successfully added to your 
