Sesa SpAMIL:SES -2.43%95 ROC (Joel Greenblatt) % is 156.06% as of Jan. 2026, which is 117% above its 10-year median of 72.00. GuruFocus rates MIL:SES with a GF Score™ of 95/100 and a GF Value™ of €107.77 (Modestly Undervalued). The stock has 11 warning signs investors should review. Among 2,799 Software companies, Sesa SpA ranks better than 72.38% 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. Sesa SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2026 was 156.06%.
The historical rank and industry rank for Sesa SpA's ROC (Joel Greenblatt) % or its related term are showing as below:
MIL:SES'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 39.93 Med: 72 Max: 125.47
Current: 96.76
During the past 13 years, Sesa SpA's highest ROC (Joel Greenblatt) % was 125.47%. The lowest was 39.93%. And the median was 72.00%.
MIL:SES's ROC (Joel Greenblatt) % is ranked better than 72.38% of 2799
companies
in the Software industry
Industry Median: 19.63
vs MIL:SES: 96.76
Sesa SpA's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 10.80% 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.
The historical data trend for Sesa 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:SES vs IBM, ACN, FISV: ROC (Joel Greenblatt) % Comparison
For the Information Technology Services subindustry, Sesa 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.
Sesa SpA ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Sesa SpA's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Sesa SpA'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 (Jan. 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 156.06% mean?
Sesa SpA (MIL:SES) has a ROC (Joel Greenblatt) % of 156.06% as of Jan. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Sesa SpA and its competitors. This is 117% above median its historical median of 72.00. Over the past decade, Sesa SpA's ROC (Joel Greenblatt) % has ranged from 39.93 to 125.47. According to the industry distribution chart, Sesa SpA ranks #773 out of 2799 companies in the Software industry, placing it in the top 27.6%.
Is Sesa SpA's ROC (Joel Greenblatt) % too high?
Sesa SpA's current ROC (Joel Greenblatt) % of 156.06% is 117% above median its 10-year median of 72.00. Over the past 10 years, this metric has ranged from a low of 39.93 to a high of 125.47. The Software industry median ROC (Joel Greenblatt) % is 19.63. Sesa SpA's value of 156.06% is 695% above this industry median. Based on the distribution chart, Sesa SpA ranks #773 out of 2799 companies in the Software industry, which is above the industry midpoint. Overall, Sesa SpA has a GF Score™ of 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sesa SpA's ROC (Joel Greenblatt) % compare to IBM and ACN?
According to the Software industry distribution chart, Sesa SpA ranks #773 out of 2799 companies for ROC (Joel Greenblatt) %. This puts Sesa SpA in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 19.63. Sesa SpA's value of 156.06% is 695% above this benchmark. Historically, Sesa SpA's own ROC (Joel Greenblatt) % has ranged from 39.93 to 125.47 over the past decade. While the company's 10-year median is 72.00 vs. the industry median of 19.63, Sesa 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 19.63, based on 2,799 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. Sesa SpA's current ROC (Joel Greenblatt) % of 156.06% is 695% 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 Sesa SpA and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 19.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sesa SpA's current ROC (Joel Greenblatt) % is 156.06%, which is 117% above median its own 10-year median of 72.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sesa SpA stock overvalued right now?
Based on GuruFocus' analysis, Sesa SpA (MIL:SES) is currently considered Modestly Undervalued. The stock's GF Value™ is €107.77, compared to a current price of €94.20 — trading 12.6% below its estimated fair value. The current ROC (Joel Greenblatt) % is 156.06%, which is 117% above median its 10-year median of 72.00 and 695% above the Software industry median of 19.63. Sesa SpA's overall GF Score™ is 95/100 with 11 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 Sesa SpA (MIL:SES), the current ROC (Joel Greenblatt) % is 156.06% as of Jan. 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 Sesa SpA (MIL:SES) Overvalued in 2026?
Based on GuruFocus' analysis, Sesa SpA stock appears to be undervalued.
The current stock price of €94.20 is trading 12.6% below its estimated GF Value™ of €107.77.
GuruFocus considers Sesa SpA to be Modestly Undervalued.
Key valuation signals for MIL:SES:
ROC (Joel Greenblatt) %: 156.06% (117% above median its 10-year median of 72.00)
GF Value™: €107.77 vs. price of €94.20 (12.6% below fair value)
Industry Position: 695% above the Software median (#773 of 2799)
No single metric tells the full story. See the MIL:SES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sesa SpA and its subsidiaries are in the business of the distribution of value-added IT solutions and products. The firm functions through the Business Services Sector, Value Added Distribution, Corporate Sector, and the Software and System Integration segment. The activities of these segments include the distribution of software and hardware technologies, the supply of IT services and solutions, administrative and financial services, organization, planning, and control, management of information technologies, human resources, general, corporate, and legal affairs, activities related to logistics services and cloud computing.
95GF Score
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