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Tecno SpA Societa BenefitMIL:TCG +1.70%14 ROC (Joel Greenblatt) % is 28.90% as of Dec. 2025, which is at its 10-year median of 28.90. GuruFocus rates MIL:TCG with a GF Score™ of 14/100. The stock has 3 warning signs investors should review. Among 1,083 Business Services companies, Tecno SpA Societa Benefit ranks better than 57.53% 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. Tecno SpA Societa Benefit's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 28.90%.
The historical rank and industry rank for Tecno SpA Societa Benefit's ROC (Joel Greenblatt) % or its related term are showing as below:
MIL:TCG'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 15.19 Med: 28.9 Max: 51.42
Current: 28.9
During the past 3 years, Tecno SpA Societa Benefit's highest ROC (Joel Greenblatt) % was 51.42%. The lowest was 15.19%. And the median was 28.90%.
MIL:TCG's ROC (Joel Greenblatt) % is ranked better than 57.53% of 1083
companies
in the Business Services industry
Industry Median: 21.22
vs MIL:TCG: 28.90
Tecno SpA Societa Benefit'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.
Tecno SpA Societa Benefit ROC (Joel Greenblatt) % Related Terms
Tecno SpA Societa Benefit ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Tecno SpA Societa Benefit'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:TCG vs VRSK, EFX, BAH: ROC (Joel Greenblatt) % Comparison
For the Consulting Services subindustry, Tecno SpA Societa Benefit'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.
Tecno SpA Societa Benefit ROC (Joel Greenblatt) % vs Business Services Industry
For the Business Services industry and Industrials sector, Tecno SpA Societa Benefit's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Tecno SpA Societa Benefit'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 one times the 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 28.90% mean?
Tecno SpA Societa Benefit (MIL:TCG) has a ROC (Joel Greenblatt) % of 28.90% 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 Tecno SpA Societa Benefit and its competitors. This is near median its historical median of 28.90. Over the past decade, Tecno SpA Societa Benefit's ROC (Joel Greenblatt) % has ranged from 15.19 to 51.42. According to the industry distribution chart, Tecno SpA Societa Benefit ranks #460 out of 1083 companies in the Business Services industry, placing it in the top 42.5%.
Is Tecno SpA Societa Benefit's ROC (Joel Greenblatt) % too high?
Tecno SpA Societa Benefit's current ROC (Joel Greenblatt) % of 28.90% is near median its 10-year median of 28.90. Over the past 10 years, this metric has ranged from a low of 15.19 to a high of 51.42. The Business Services industry median ROC (Joel Greenblatt) % is 21.22. Tecno SpA Societa Benefit's value of 28.90% is 36.2% above this industry median. Based on the distribution chart, Tecno SpA Societa Benefit ranks #460 out of 1083 companies in the Business Services industry, which is above the industry midpoint. Overall, Tecno SpA Societa Benefit has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Tecno SpA Societa Benefit's ROC (Joel Greenblatt) % compare to VRSK and EFX?
According to the Business Services industry distribution chart, Tecno SpA Societa Benefit ranks #460 out of 1083 companies for ROC (Joel Greenblatt) %. This puts Tecno SpA Societa Benefit in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 21.22. Tecno SpA Societa Benefit's value of 28.90% is 36.2% above this benchmark. Historically, Tecno SpA Societa Benefit's own ROC (Joel Greenblatt) % has ranged from 15.19 to 51.42 over the past decade. While the company's 10-year median is 28.90 vs. the industry median of 21.22, Tecno SpA Societa Benefit 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 Business Services company?
The median ROC (Joel Greenblatt) % among Business Services companies is 21.22, based on 1,083 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. Tecno SpA Societa Benefit's current ROC (Joel Greenblatt) % of 28.90% is 36.2% 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 Tecno SpA Societa Benefit and its competitors. For the Business Services industry, the median ROC (Joel Greenblatt) % is 21.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tecno SpA Societa Benefit's current ROC (Joel Greenblatt) % is 28.90%, which is near median its own 10-year median of 28.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tecno SpA Societa Benefit stock overvalued right now?
Tecno SpA Societa Benefit (MIL:TCG) has a current ROC (Joel Greenblatt) % of 28.90%. The current ROC (Joel Greenblatt) % is 28.90%, which is near median its 10-year median of 28.90 and 36.2% above the Business Services industry median of 21.22. Tecno SpA Societa Benefit's overall GF Score™ is 14/100 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 Tecno SpA Societa Benefit (MIL:TCG), the current ROC (Joel Greenblatt) % is 28.90% 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.
Tecno SpA Societa Benefit specializes in the development of technological services and solutions aimed at improving the economic, environmental, and social sustainability of businesses. The company supports small and medium-sized enterprises (SMEs) in their digital and sustainability transformation through high-value-added tools and services. The core of the model is the integration of the services offered by three business units into a Twin Business Model: Transition Accounting (energy taxation and access to decarbonization-related incentives); Digital Transformation (proprietary digital platforms to optimize business processes);Sustainable Transformation (SustainTech technologies and strategic consulting based on measurable data).
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