Ramco SystemsNSE:RAMCOSYS +11.75%63 ROC (Joel Greenblatt) % is 174.88% as of Mar. 2026, which is 1250% above its 10-year median of 12.95. GuruFocus rates NSE:RAMCOSYS with a GF Score™ of 63/100 and a GF Value™ of ₹458.94 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,805 Software companies, Ramco Systems ranks better than 71.73% 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. Ramco Systems's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 174.88%.
The historical rank and industry rank for Ramco Systems's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:RAMCOSYS'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -305.53 Med: 12.95 Max: 184.2
Current: 92.51
During the past 13 years, Ramco Systems's highest ROC (Joel Greenblatt) % was 184.20%. The lowest was -305.53%. And the median was 12.95%.
NSE:RAMCOSYS's ROC (Joel Greenblatt) % is ranked better than 71.73% of 2805
companies
in the Software industry
Industry Median: 19.59
vs NSE:RAMCOSYS: 92.51
Ramco Systems's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Ramco Systems (NSE:RAMCOSYS) 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.
Ramco Systems ROC (Joel Greenblatt) % Related Terms
Ramco Systems ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Ramco Systems'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:RAMCOSYS vs UBER, SHOP, CRM: ROC (Joel Greenblatt) % Comparison
For the Software - Application subindustry, Ramco Systems'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.
Ramco Systems ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Ramco Systems's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Ramco Systems'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 174.88% mean?
Ramco Systems (NSE:RAMCOSYS) has a ROC (Joel Greenblatt) % of 174.88% 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 Ramco Systems and its competitors. This is 1250% above median its historical median of 12.95. According to the industry distribution chart, Ramco Systems ranks #793 out of 2805 companies in the Software industry, placing it in the top 28.3%.
Is Ramco Systems' ROC (Joel Greenblatt) % too high?
Ramco Systems' current ROC (Joel Greenblatt) % of 174.88% is 1250% above median its 10-year median of 12.95. The Software industry median ROC (Joel Greenblatt) % is 19.59. Ramco Systems' value of 174.88% is 792.7% above this industry median. Based on the distribution chart, Ramco Systems ranks #793 out of 2805 companies in the Software industry, which is above the industry midpoint. Overall, Ramco Systems has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ramco Systems' ROC (Joel Greenblatt) % compare to UBER and SHOP?
According to the Software industry distribution chart, Ramco Systems ranks #793 out of 2805 companies for ROC (Joel Greenblatt) %. This puts Ramco Systems in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 19.59. Ramco Systems' value of 174.88% is 792.7% above this benchmark. While the company's 10-year median is 12.95 vs. the industry median of 19.59, Ramco Systems 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 19.59, based on 2,805 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. Ramco Systems's current ROC (Joel Greenblatt) % of 174.88% is 792.7% 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 Ramco Systems and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 19.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ramco Systems's current ROC (Joel Greenblatt) % is 174.88%, which is 1250% above median its own 10-year median of 12.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ramco Systems stock overvalued right now?
Based on GuruFocus' analysis, Ramco Systems (NSE:RAMCOSYS) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹458.94, compared to a current price of ₹793.20 — trading 72.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is 174.88%, which is 1250% above median its 10-year median of 12.95 and 792.7% above the Software industry median of 19.59. Ramco Systems' overall GF Score™ is 63/100 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 Ramco Systems (NSE:RAMCOSYS), the current ROC (Joel Greenblatt) % is 174.88% 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 Ramco Systems (NSE:RAMCOSYS) Overvalued in 2026?
Based on GuruFocus' analysis, Ramco Systems stock appears to be overvalued.
The current stock price of ₹793.20 is trading 72.8% above its estimated GF Value™ of ₹458.94.
GuruFocus considers Ramco Systems to be Significantly Overvalued.
Key valuation signals for NSE:RAMCOSYS:
ROC (Joel Greenblatt) %: 174.88% (1250% above median its 10-year median of 12.95)
GF Value™: ₹458.94 vs. price of ₹793.20 (72.8% above fair value)
Industry Position: 792.7% above the Software median (#793 of 2805)
No single metric tells the full story. See the NSE:RAMCOSYS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ramco Systems Ltd develops software and software products for human capital management, payroll, enterprise resource management, monitoring and evaluation, and maintenance, repair, and overhaul providers in the Aviation industry. The company develops software through its enterprise application assembly and delivery platform Ramco VirtualWorks for transaction systems and Ramco Decision Works for analytics/reporting. The product portfolio of the company includes aviation, aerospace & defense management software, enterprise resource planning software, and payroll & logistics software on the cloud. It as only one operating segment which is Software Solutions & Services.
63GF Score
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