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Newgen Software TechnologiesNSE:NEWGEN -0.61%91 ROC (Joel Greenblatt) % is 73.39% as of Jun. 2026, which is 7% above its 10-year median of 68.71. GuruFocus rates NSE:NEWGEN with a GF Score™ of 91/100 and a GF Value™ of ₹1,056.68 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 2,817 Software companies, Newgen Software Technologies ranks better than 71.67% 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. Newgen Software Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 73.39%.
The historical rank and industry rank for Newgen Software Technologies's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:NEWGEN'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 36.31 Med: 68.71 Max: 105.49
Current: 94
During the past 13 years, Newgen Software Technologies's highest ROC (Joel Greenblatt) % was 105.49%. The lowest was 36.31%. And the median was 68.71%.
NSE:NEWGEN's ROC (Joel Greenblatt) % is ranked better than 71.67% of 2817
companies
in the Software industry
Industry Median: 20.25
vs NSE:NEWGEN: 94.00
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.
NSE:NEWGEN vs MSFT, ORCL, PLTR: ROC (Joel Greenblatt) % Comparison
For the Software - Infrastructure subindustry, Newgen Software Technologies'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.
Newgen Software Technologies ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Newgen Software Technologies's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Newgen Software Technologies'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 (Jun. 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 73.39% mean?
Newgen Software Technologies (NSE:NEWGEN) has a ROC (Joel Greenblatt) % of 73.39% as of Jun. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Newgen Software Technologies and its competitors. This is near median its historical median of 68.71. Over the past decade, Newgen Software Technologies' ROC (Joel Greenblatt) % has ranged from 36.31 to 105.49. According to the industry distribution chart, Newgen Software Technologies ranks #798 out of 2817 companies in the Software industry, placing it in the top 28.3%.
Is Newgen Software Technologies' ROC (Joel Greenblatt) % too high?
Newgen Software Technologies' current ROC (Joel Greenblatt) % of 73.39% is near median its 10-year median of 68.71. Over the past 10 years, this metric has ranged from a low of 36.31 to a high of 105.49. The Software industry median ROC (Joel Greenblatt) % is 20.25. Newgen Software Technologies' value of 73.39% is 262.4% above this industry median. Based on the distribution chart, Newgen Software Technologies ranks #798 out of 2817 companies in the Software industry, which is above the industry midpoint. Overall, Newgen Software Technologies has a GF Score™ of 91/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Newgen Software Technologies' ROC (Joel Greenblatt) % compare to MSFT and ORCL?
According to the Software industry distribution chart, Newgen Software Technologies ranks #798 out of 2817 companies for ROC (Joel Greenblatt) %. This puts Newgen Software Technologies in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 20.25. Newgen Software Technologies' value of 73.39% is 262.4% above this benchmark. Historically, Newgen Software Technologies' own ROC (Joel Greenblatt) % has ranged from 36.31 to 105.49 over the past decade. While the company's 10-year median is 68.71 vs. the industry median of 20.25, Newgen Software Technologies 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 20.25, based on 2,817 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. Newgen Software Technologies's current ROC (Joel Greenblatt) % of 73.39% is 262.4% 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 Newgen Software Technologies and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 20.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Newgen Software Technologies's current ROC (Joel Greenblatt) % is 73.39%, which is near median its own 10-year median of 68.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Newgen Software Technologies stock overvalued right now?
Based on GuruFocus' analysis, Newgen Software Technologies (NSE:NEWGEN) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹1,056.68, compared to a current price of ₹505.70 — trading 52.1% below its estimated fair value. The current ROC (Joel Greenblatt) % is 73.39%, which is near median its 10-year median of 68.71 and 262.4% above the Software industry median of 20.25. Newgen Software Technologies' overall GF Score™ is 91/100 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 Newgen Software Technologies (NSE:NEWGEN), the current ROC (Joel Greenblatt) % is 73.39% as of Jun. 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 Newgen Software Technologies (NSE:NEWGEN) Overvalued in 2026?
Based on GuruFocus' analysis, Newgen Software Technologies stock appears to be undervalued.
The current stock price of ₹505.70 is trading 52.1% below its estimated GF Value™ of ₹1,056.68.
GuruFocus considers Newgen Software Technologies to be Significantly Undervalued.
Key valuation signals for NSE:NEWGEN:
ROC (Joel Greenblatt) %: 73.39% (near median its 10-year median of 68.71)
GF Value™: ₹1,056.68 vs. price of ₹505.70 (52.1% below fair value)
Industry Position: 262.4% above the Software median (#798 of 2817)
No single metric tells the full story. See the NSE:NEWGEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Newgen Software Technologies Ltd is a software company. It is engaged in software product development including designing and delivering end-to-end software solutions covering the entire spectrum of software services from workflow automation to Document management to imaging. The entity's geographical segments are India; USA, and Africa (EMEA); Asia Pacific (APAC); and the United States of America (USA). It generates key revenue from India and the EMEA region. The company's NewgenONE Platform is a unified low-code platform for end-to-end automation at scale for enterprises. The platform offerings include Contextual Content Services (ECM), Intelligent Process Automation (BPM), Omnichannel Customer Engagement (CCM), and Low Code Application Development.
91GF Score
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