Digital Value SpAMIL:DGV 52 ROC (Joel Greenblatt) % is 29.83% as of Dec. 2025, which is 44% below its 10-year median of 53.59. GuruFocus rates MIL:DGV with a GF Score™ of 52/100 and a GF Value™ of €38.45 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 2,801 Software companies, Digital Value SpA ranks better than 51.77% 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. Digital Value SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 29.83%.
The historical rank and industry rank for Digital Value SpA's ROC (Joel Greenblatt) % or its related term are showing as below:
MIL:DGV'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 22.57 Med: 53.59 Max: 465.24
Current: 23.18
During the past 9 years, Digital Value SpA's highest ROC (Joel Greenblatt) % was 465.24%. The lowest was 22.57%. And the median was 53.59%.
MIL:DGV's ROC (Joel Greenblatt) % is ranked better than 51.77% of 2801
companies
in the Software industry
Industry Median: 19.99
vs MIL:DGV: 23.18
Digital Value SpA's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -17.50% per year.
Digital Value SpA (MIL:DGV) 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.
Digital Value SpA ROC (Joel Greenblatt) % Related Terms
Digital Value SpA ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Digital Value SpA'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.
MIL:DGV vs IBM, ACN, FISV: ROC (Joel Greenblatt) % Comparison
For the Information Technology Services subindustry, Digital Value SpA'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.
Digital Value SpA ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Digital Value SpA's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Digital Value SpA's ROC (Joel Greenblatt) % falls into.
Digital Value SpA 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 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 29.83% mean?
Digital Value SpA (MIL:DGV) has a ROC (Joel Greenblatt) % of 29.83% 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 Digital Value SpA and its competitors. This is 44% below median its historical median of 53.59. Over the past decade, Digital Value SpA's ROC (Joel Greenblatt) % has ranged from 22.57 to 465.24. According to the industry distribution chart, Digital Value SpA ranks #1351 out of 2801 companies in the Software industry, placing it in the top 48.2%.
Is Digital Value SpA's ROC (Joel Greenblatt) % too high?
Digital Value SpA's current ROC (Joel Greenblatt) % of 29.83% is 44% below median its 10-year median of 53.59. Over the past 10 years, this metric has ranged from a low of 22.57 to a high of 465.24. The Software industry median ROC (Joel Greenblatt) % is 19.99. Digital Value SpA's value of 29.83% is 49.2% above this industry median. Based on the distribution chart, Digital Value SpA ranks #1351 out of 2801 companies in the Software industry, which is above the industry midpoint. Overall, Digital Value SpA has a GF Score™ of 52/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Digital Value SpA's ROC (Joel Greenblatt) % compare to IBM and ACN?
According to the Software industry distribution chart, Digital Value SpA ranks #1351 out of 2801 companies for ROC (Joel Greenblatt) %. This puts Digital Value SpA in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 19.99. Digital Value SpA's value of 29.83% is 49.2% above this benchmark. Historically, Digital Value SpA's own ROC (Joel Greenblatt) % has ranged from 22.57 to 465.24 over the past decade. While the company's 10-year median is 53.59 vs. the industry median of 19.99, Digital Value SpA 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 2,801 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. Digital Value SpA's current ROC (Joel Greenblatt) % of 29.83% is 49.2% 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 Digital Value SpA 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. Digital Value SpA's current ROC (Joel Greenblatt) % is 29.83%, which is 44% below median its own 10-year median of 53.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Digital Value SpA stock overvalued right now?
Based on GuruFocus' analysis, Digital Value SpA (MIL:DGV) is currently considered Modestly Undervalued. The stock's GF Value™ is €38.45, compared to a current price of €28.98 — trading 24.6% below its estimated fair value. The current ROC (Joel Greenblatt) % is 29.83%, which is 44% below median its 10-year median of 53.59 and 49.2% above the Software industry median of 19.99. Digital Value SpA's overall GF Score™ is 52/100 with 7 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 Digital Value SpA (MIL:DGV), the current ROC (Joel Greenblatt) % is 29.83% 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 Digital Value SpA (MIL:DGV) Overvalued in 2026?
Based on GuruFocus' analysis, Digital Value SpA stock appears to be undervalued.
The current stock price of €28.98 is trading 24.6% below its estimated GF Value™ of €38.45.
GuruFocus considers Digital Value SpA to be Modestly Undervalued.
Key valuation signals for MIL:DGV:
ROC (Joel Greenblatt) %: 29.83% (44% below median its 10-year median of 53.59)
GF Value™: €38.45 vs. price of €28.98 (24.6% below fair value)
Industry Position: 49.2% above the Software median (#1351 of 2801)
No single metric tells the full story. See the MIL:DGV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Digital Value SpA is one of the main IT solutions and systems integrator of Italian market. Its service range from activities of design, development and sale of IT solutions and services for the digitalisation of large account clients operating in various industrial sectors such as telecommunications, transport, utilities, finance, public administration and others.
52GF 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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