TXT e-solutions SpAMIL:TXT +3.38%95 ROC (Joel Greenblatt) % is 90.37% as of Mar. 2026, which is 80% above its 10-year median of 50.31. GuruFocus rates MIL:TXT with a GF Score™ of 95/100 and a GF Value™ of €39.44 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 2,799 Software companies, TXT e-solutions SpA ranks better than 70.53% 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. TXT e-solutions SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 90.37%.
The historical rank and industry rank for TXT e-solutions SpA's ROC (Joel Greenblatt) % or its related term are showing as below:
MIL:TXT'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 11.4 Med: 50.31 Max: 88.15
Current: 88.15
During the past 13 years, TXT e-solutions SpA's highest ROC (Joel Greenblatt) % was 88.15%. The lowest was 11.40%. And the median was 50.31%.
MIL:TXT's ROC (Joel Greenblatt) % is ranked better than 70.53% of 2799
companies
in the Software industry
Industry Median: 19.63
vs MIL:TXT: 88.15
TXT e-solutions SpA'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.
TXT e-solutions SpA ROC (Joel Greenblatt) % Related Terms
TXT e-solutions SpA ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for TXT e-solutions 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:TXT vs UBER, SHOP, CRM: ROC (Joel Greenblatt) % Comparison
For the Software - Application subindustry, TXT e-solutions 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.
TXT e-solutions SpA ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, TXT e-solutions SpA's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where TXT e-solutions 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 (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 90.37% mean?
TXT e-solutions SpA (MIL:TXT) has a ROC (Joel Greenblatt) % of 90.37% 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 TXT e-solutions SpA and its competitors. This is 80% above median its historical median of 50.31. Over the past decade, TXT e-solutions SpA's ROC (Joel Greenblatt) % has ranged from 11.40 to 88.15. According to the industry distribution chart, TXT e-solutions SpA ranks #825 out of 2799 companies in the Software industry, placing it in the top 29.5%.
Is TXT e-solutions SpA's ROC (Joel Greenblatt) % too high?
TXT e-solutions SpA's current ROC (Joel Greenblatt) % of 90.37% is 80% above median its 10-year median of 50.31. Over the past 10 years, this metric has ranged from a low of 11.40 to a high of 88.15. The Software industry median ROC (Joel Greenblatt) % is 19.63. TXT e-solutions SpA's value of 90.37% is 360.4% above this industry median. Based on the distribution chart, TXT e-solutions SpA ranks #825 out of 2799 companies in the Software industry, which is above the industry midpoint. Overall, TXT e-solutions SpA has a GF Score™ of 95/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TXT e-solutions SpA's ROC (Joel Greenblatt) % compare to UBER and SHOP?
According to the Software industry distribution chart, TXT e-solutions SpA ranks #825 out of 2799 companies for ROC (Joel Greenblatt) %. This puts TXT e-solutions SpA in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 19.63. TXT e-solutions SpA's value of 90.37% is 360.4% above this benchmark. Historically, TXT e-solutions SpA's own ROC (Joel Greenblatt) % has ranged from 11.40 to 88.15 over the past decade. While the company's 10-year median is 50.31 vs. the industry median of 19.63, TXT e-solutions 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. TXT e-solutions SpA's current ROC (Joel Greenblatt) % of 90.37% is 360.4% 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 TXT e-solutions 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. TXT e-solutions SpA's current ROC (Joel Greenblatt) % is 90.37%, which is 80% above median its own 10-year median of 50.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TXT e-solutions SpA stock overvalued right now?
Based on GuruFocus' analysis, TXT e-solutions SpA (MIL:TXT) is currently considered Modestly Overvalued. The stock's GF Value™ is €39.44, compared to a current price of €44.30 — trading 12.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is 90.37%, which is 80% above median its 10-year median of 50.31 and 360.4% above the Software industry median of 19.63. TXT e-solutions SpA's overall GF Score™ is 95/100 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 TXT e-solutions SpA (MIL:TXT), the current ROC (Joel Greenblatt) % is 90.37% 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 TXT e-solutions SpA (MIL:TXT) Overvalued in 2026?
Based on GuruFocus' analysis, TXT e-solutions SpA stock appears to be overvalued.
The current stock price of €44.30 is trading 12.3% above its estimated GF Value™ of €39.44.
GuruFocus considers TXT e-solutions SpA to be Modestly Overvalued.
Key valuation signals for MIL:TXT:
ROC (Joel Greenblatt) %: 90.37% (80% above median its 10-year median of 50.31)
GF Value™: €39.44 vs. price of €44.30 (12.3% above fair value)
Industry Position: 360.4% above the Software median (#825 of 2799)
No single metric tells the full story. See the MIL:TXT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TXT e-solutions SpA is an Italy-based company. The company provides three operating segments: Smart Solutions, Software Engineering, and Digital Advisory. The smart solution segment includes the activities of TXT Risk Solutions, Assiopay, and Working Capital Solution. D.M. Management and Consulting, etc. Software Engineering includes e-tech Srl, Ennova Group, TXT e-swiss, and Fascode S.P.A. Digital Advisory includes companies such as HSPI, PGMD Consulting, Tlogos, etc. The majority of revenue is from Software Engineering. Geographically, it has a presence in Italy, Germany, the United Kingdom, France, Switzerland, and the USA.
95GF Score
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