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Canarys AutomationsNSE:CANARYS -1.51%20 ROC (Joel Greenblatt) % is 43.12% as of Sep. 2025, which is 3% above its 10-year median of 41.93. GuruFocus rates NSE:CANARYS with a GF Score™ of 20/100. The stock has 1 warning sign investors should review. Among 2,818 Software companies, Canarys Automations ranks better than 50.85% 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. Canarys Automations's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 was 43.12%.
The historical rank and industry rank for Canarys Automations's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:CANARYS'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 21.56 Med: 41.93 Max: 59.85
Current: 21.56
During the past 5 years, Canarys Automations's highest ROC (Joel Greenblatt) % was 59.85%. The lowest was 21.56%. And the median was 41.93%.
NSE:CANARYS's ROC (Joel Greenblatt) % is ranked better than 50.85% of 2818
companies
in the Software industry
Industry Median: 20.03
vs NSE:CANARYS: 21.56
Canarys Automations'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.
Canarys Automations ROC (Joel Greenblatt) % Related Terms
Canarys Automations ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Canarys Automations'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.
NSE:CANARYS vs IBM, ACN, FISV: ROC (Joel Greenblatt) % Comparison
For the Information Technology Services subindustry, Canarys Automations'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.
Canarys Automations ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Canarys Automations's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Canarys Automations'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 two times the semi-annual (Sep. 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 43.12% mean?
Canarys Automations (NSE:CANARYS) has a ROC (Joel Greenblatt) % of 43.12% as of Sep. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Canarys Automations and its competitors. This is near median its historical median of 41.93. Over the past decade, Canarys Automations' ROC (Joel Greenblatt) % has ranged from 21.56 to 59.85. According to the industry distribution chart, Canarys Automations ranks #1385 out of 2818 companies in the Software industry, placing it in the top 49.1%.
Is Canarys Automations' ROC (Joel Greenblatt) % too high?
Canarys Automations' current ROC (Joel Greenblatt) % of 43.12% is near median its 10-year median of 41.93. Over the past 10 years, this metric has ranged from a low of 21.56 to a high of 59.85. The Software industry median ROC (Joel Greenblatt) % is 20.03. Canarys Automations' value of 43.12% is 115.3% above this industry median. Based on the distribution chart, Canarys Automations ranks #1385 out of 2818 companies in the Software industry, which is above the industry midpoint. Overall, Canarys Automations has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Canarys Automations' ROC (Joel Greenblatt) % compare to IBM and ACN?
According to the Software industry distribution chart, Canarys Automations ranks #1385 out of 2818 companies for ROC (Joel Greenblatt) %. This puts Canarys Automations in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 20.03. Canarys Automations' value of 43.12% is 115.3% above this benchmark. Historically, Canarys Automations' own ROC (Joel Greenblatt) % has ranged from 21.56 to 59.85 over the past decade. While the company's 10-year median is 41.93 vs. the industry median of 20.03, Canarys Automations 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 20.03, based on 2,818 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. Canarys Automations's current ROC (Joel Greenblatt) % of 43.12% is 115.3% 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 Canarys Automations and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 20.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Canarys Automations's current ROC (Joel Greenblatt) % is 43.12%, which is near median its own 10-year median of 41.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canarys Automations stock overvalued right now?
Canarys Automations (NSE:CANARYS) has a current ROC (Joel Greenblatt) % of 43.12%. The current ROC (Joel Greenblatt) % is 43.12%, which is near median its 10-year median of 41.93 and 115.3% above the Software industry median of 20.03. Canarys Automations' overall GF Score™ is 20/100 with 1 warning sign 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 Canarys Automations (NSE:CANARYS), the current ROC (Joel Greenblatt) % is 43.12% as of Sep. 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.
Canarys Automations Ltd is an IT solutions provider specializing in enabling digital transformation for businesses through its software solutions in the areas of Digitalization, Modernization, Automation, and Intelligence. The company's solutions include Digital Transformation, Digital DevOps, Digital Assurance, Telemetry, Water Resources Management, and Cloud IT, and are delivered across industry sectors such as BFSI, Retail, Healthcare, Pharmaceutical, Manufacturing, and Insurance. it operates through two segments, Technology Solutions and Water Resource Management Solutions, with the majority of its revenue generated from the Technology Solutions segment. The company's revenue is generated from India sales, which contribute the maximum revenue, and international sales.
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