Constellation SoftwareMEX:CSUN -9.71%65 ROC (Joel Greenblatt) % is 358.45% as of Mar. 2026, which is 49% above its 10-year median of 240.08. GuruFocus rates MEX:CSUN with a GF Score™ of 65/100 and a GF Value™ of MXN67,444.26 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 2,807 Software companies, Constellation Software ranks better than 85.89% 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. Constellation Software's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 358.45%.
The historical rank and industry rank for Constellation Software's ROC (Joel Greenblatt) % or its related term are showing as below:
MEX:CSUN'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 98.37 Med: 240.08 Max: 865.16
Current: 232.51
During the past 13 years, Constellation Software's highest ROC (Joel Greenblatt) % was 865.16%. The lowest was 98.37%. And the median was 240.08%.
MEX:CSUN's ROC (Joel Greenblatt) % is ranked better than 85.89% of 2807
companies
in the Software industry
Industry Median: 19.99
vs MEX:CSUN: 232.51
Constellation Software's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 4.20% 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.
Constellation Software ROC (Joel Greenblatt) % Related Terms
Constellation Software ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Constellation Software'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.
MEX:CSUN vs CRM, SHOP, UBER: ROC (Joel Greenblatt) % Comparison
For the Software - Application subindustry, Constellation Software'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.
Constellation Software ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Constellation Software's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Constellation Software'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 358.45% mean?
Constellation Software (MEX:CSUN) has a ROC (Joel Greenblatt) % of 358.45% 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 Constellation Software and its competitors. This is 49% above median its historical median of 240.08. Over the past decade, Constellation Software's ROC (Joel Greenblatt) % has ranged from 98.37 to 865.16. According to the industry distribution chart, Constellation Software ranks #396 out of 2807 companies in the Software industry, placing it in the top 14.1%.
Is Constellation Software's ROC (Joel Greenblatt) % too high?
Constellation Software's current ROC (Joel Greenblatt) % of 358.45% is 49% above median its 10-year median of 240.08. Over the past 10 years, this metric has ranged from a low of 98.37 to a high of 865.16. The Software industry median ROC (Joel Greenblatt) % is 19.99. Constellation Software's value of 358.45% is 1693.1% above this industry median. Based on the distribution chart, Constellation Software ranks #396 out of 2807 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Constellation Software has a GF Score™ of 65/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Constellation Software's ROC (Joel Greenblatt) % compare to CRM and SHOP?
According to the Software industry distribution chart, Constellation Software ranks #396 out of 2807 companies for ROC (Joel Greenblatt) %. This places Constellation Software in the top 14% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 19.99. Constellation Software's value of 358.45% is 1693.1% above this benchmark. Historically, Constellation Software's own ROC (Joel Greenblatt) % has ranged from 98.37 to 865.16 over the past decade. While the company's 10-year median is 240.08 vs. the industry median of 19.99, Constellation Software 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 19.99, based on 2,807 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. Constellation Software's current ROC (Joel Greenblatt) % of 358.45% is 1693.1% 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 Constellation Software and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 19.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Constellation Software's current ROC (Joel Greenblatt) % is 358.45%, which is 49% above median its own 10-year median of 240.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Constellation Software stock overvalued right now?
Based on GuruFocus' analysis, Constellation Software (MEX:CSUN) is currently considered Significantly Undervalued. The stock's GF Value™ is MXN67,444.26, compared to a current price of MXN33,833.42 — trading 49.8% below its estimated fair value. The current ROC (Joel Greenblatt) % is 358.45%, which is 49% above median its 10-year median of 240.08 and 1693.1% above the Software industry median of 19.99. Constellation Software's overall GF Score™ is 65/100 with 3 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 Constellation Software (MEX:CSUN), the current ROC (Joel Greenblatt) % is 358.45% 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 Constellation Software (MEX:CSUN) Overvalued in 2026?
Based on GuruFocus' analysis, Constellation Software stock appears to be undervalued.
The current stock price of MXN33,833.42 is trading 49.8% below its estimated GF Value™ of MXN67,444.26.
GuruFocus considers Constellation Software to be Significantly Undervalued.
Key valuation signals for MEX:CSUN:
ROC (Joel Greenblatt) %: 358.45% (49% above median its 10-year median of 240.08)
GF Value™: MXN67,444.26 vs. price of MXN33,833.42 (49.8% below fair value)
Industry Position: 1693.1% above the Software median (#396 of 2807)
No single metric tells the full story. See the MEX:CSUN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Constellation Software is an acquirer, manager, and developer of vertical market software, or VMS, businesses globally. VMS differentiates from horizontal software in that it provides mission critical solutions within a specific industry for customers in a particular market. Constellation operates through a decentralized model in which each business operates as its own independent entity. Managers of individual businesses are incentivized to optimize their business for returns on invested capital and revenue growth. Excess cash generated by the individual businesses is repatriated to portfolio managers who focus on allocating as much capital as possible on new acquisitions. As of 2026, Constellation consisted of over 1,000 individual businesses.
65GF Score
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