Dev Information TechnologyNSE:DEVIT +11.24%74 ROC (Joel Greenblatt) % is 24.57% as of Mar. 2026, which is 29% below its 10-year median of 34.70. GuruFocus rates NSE:DEVIT with a GF Score™ of 74/100 and a GF Value™ of ₹56.68 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 2,806 Software companies, Dev Information Technology ranks better than 79.4% 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. Dev Information Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 24.57%.
The historical rank and industry rank for Dev Information Technology's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:DEVIT'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.37 Med: 34.7 Max: 148.9
Current: 148.9
During the past 13 years, Dev Information Technology's highest ROC (Joel Greenblatt) % was 148.90%. The lowest was 3.37%. And the median was 34.70%.
NSE:DEVIT's ROC (Joel Greenblatt) % is ranked better than 79.4% of 2806
companies
in the Software industry
Industry Median: 19.605
vs NSE:DEVIT: 148.90
Dev Information Technology (NSE:DEVIT) 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.
* 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.
Dev Information Technology ROC (Joel Greenblatt) % Chart
NSE:DEVIT vs IBM, ACN, FISV: ROC (Joel Greenblatt) % Comparison
For the Information Technology Services subindustry, Dev Information Technology'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.
Dev Information Technology ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Dev Information Technology's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Dev Information Technology's ROC (Joel Greenblatt) % falls into.
Dev Information Technology 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 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 24.57% mean?
Dev Information Technology (NSE:DEVIT) has a ROC (Joel Greenblatt) % of 24.57% 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 Dev Information Technology and its competitors. This is 29% below median its historical median of 34.70. Over the past decade, Dev Information Technology's ROC (Joel Greenblatt) % has ranged from 3.37 to 148.90. According to the industry distribution chart, Dev Information Technology ranks #578 out of 2806 companies in the Software industry, placing it in the top 20.6%.
Is Dev Information Technology's ROC (Joel Greenblatt) % too high?
Dev Information Technology's current ROC (Joel Greenblatt) % of 24.57% is 29% below median its 10-year median of 34.70. Over the past 10 years, this metric has ranged from a low of 3.37 to a high of 148.90. The Software industry median ROC (Joel Greenblatt) % is 19.61. Dev Information Technology's value of 24.57% is 25.3% above this industry median. Based on the distribution chart, Dev Information Technology ranks #578 out of 2806 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Dev Information Technology has a GF Score™ of 74/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Dev Information Technology's ROC (Joel Greenblatt) % compare to IBM and ACN?
According to the Software industry distribution chart, Dev Information Technology ranks #578 out of 2806 companies for ROC (Joel Greenblatt) %. This places Dev Information Technology in the top 21% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 19.61. Dev Information Technology's value of 24.57% is 25.3% above this benchmark. Historically, Dev Information Technology's own ROC (Joel Greenblatt) % has ranged from 3.37 to 148.90 over the past decade. While the company's 10-year median is 34.70 vs. the industry median of 19.61, Dev Information Technology 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 19.61, based on 2,806 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. Dev Information Technology's current ROC (Joel Greenblatt) % of 24.57% is 25.3% 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 Dev Information Technology and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 19.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dev Information Technology's current ROC (Joel Greenblatt) % is 24.57%, which is 29% below median its own 10-year median of 34.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dev Information Technology stock overvalued right now?
Based on GuruFocus' analysis, Dev Information Technology (NSE:DEVIT) is currently considered Possible Value Trap. The stock's GF Value™ is ₹56.68, compared to a current price of ₹28.51 — trading 49.7% below its estimated fair value. The current ROC (Joel Greenblatt) % is 24.57%, which is 29% below median its 10-year median of 34.70 and 25.3% above the Software industry median of 19.61. Dev Information Technology's overall GF Score™ is 74/100 with 4 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 Dev Information Technology (NSE:DEVIT), the current ROC (Joel Greenblatt) % is 24.57% 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 Dev Information Technology (NSE:DEVIT) Overvalued in 2026?
Based on GuruFocus' analysis, Dev Information Technology stock appears to be undervalued.
The current stock price of ₹28.51 is trading 49.7% below its estimated GF Value™ of ₹56.68.
GuruFocus considers Dev Information Technology to be Possible Value Trap.
Key valuation signals for NSE:DEVIT:
ROC (Joel Greenblatt) %: 24.57% (29% below median its 10-year median of 34.70)
GF Value™: ₹56.68 vs. price of ₹28.51 (49.7% below fair value)
Industry Position: 25.3% above the Software median (#578 of 2806)
No single metric tells the full story. See the NSE:DEVIT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dev Information Technology Ltd is engaged in providing information technology solutions and consultancy services in India. It offers advisory, architecture, implementation, and support services. The company provides various services namely enterprise applications and mobility, infrastructure management, cloud computing, digital services and licensing among others. It operates in a single segment being IT and IT enabled services.
74GF Score
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