Thryv HoldingsTHRY -4.46%51 ROC (Joel Greenblatt) % is 30.81% as of Mar. 2026, which is 32% below its 10-year median of 45.24. GuruFocus rates THRY with a GF Score™ of 51/100 and a GF Value™ of $11.30 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 2,805 Software companies, Thryv Holdings ranks better than 72.26% 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. Thryv Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 30.81%.
The historical rank and industry rank for Thryv Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
THRY'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -160.3 Med: 45.24 Max: 105.4
Current: 96.11
During the past 13 years, Thryv Holdings's highest ROC (Joel Greenblatt) % was 105.40%. The lowest was -160.30%. And the median was 45.24%.
THRY's ROC (Joel Greenblatt) % is ranked better than 72.26% of 2805
companies
in the Software industry
Industry Median: 19.59
vs THRY: 96.11
Thryv Holdings'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.
Thryv Holdings ROC (Joel Greenblatt) % Related Terms
Thryv Holdings ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Thryv Holdings'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.
THRY vs EGAN, KLTR, LMED: ROC (Joel Greenblatt) % Comparison
For the Software - Application subindustry, Thryv Holdings'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.
Thryv Holdings ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Thryv Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Thryv Holdings'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 30.81% mean?
Thryv Holdings (THRY) has a ROC (Joel Greenblatt) % of 30.81% 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 Thryv Holdings and its competitors. This is 32% below median its historical median of 45.24. According to the industry distribution chart, Thryv Holdings ranks #778 out of 2805 companies in the Software industry, placing it in the top 27.7%.
Is Thryv Holdings' ROC (Joel Greenblatt) % too high?
Thryv Holdings' current ROC (Joel Greenblatt) % of 30.81% is 32% below median its 10-year median of 45.24. The Software industry median ROC (Joel Greenblatt) % is 19.59. Thryv Holdings' value of 30.81% is 57.3% above this industry median. Based on the distribution chart, Thryv Holdings ranks #778 out of 2805 companies in the Software industry, which is above the industry midpoint. Overall, Thryv Holdings has a GF Score™ of 51/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Thryv Holdings' ROC (Joel Greenblatt) % compare to EGAN and KLTR?
According to the Software industry distribution chart, Thryv Holdings ranks #778 out of 2805 companies for ROC (Joel Greenblatt) %. This puts Thryv Holdings in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 19.59. Thryv Holdings' value of 30.81% is 57.3% above this benchmark. While the company's 10-year median is 45.24 vs. the industry median of 19.59, Thryv Holdings 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. Thryv Holdings's current ROC (Joel Greenblatt) % of 30.81% is 57.3% 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 Thryv Holdings 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. Thryv Holdings's current ROC (Joel Greenblatt) % is 30.81%, which is 32% below median its own 10-year median of 45.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thryv Holdings stock overvalued right now?
Based on GuruFocus' analysis, Thryv Holdings (THRY) is currently considered Possible Value Trap. The stock's GF Value™ is $11.30, compared to a current price of $3.97 — trading 64.9% below its estimated fair value. The current ROC (Joel Greenblatt) % is 30.81%, which is 32% below median its 10-year median of 45.24 and 57.3% above the Software industry median of 19.59. Thryv Holdings' overall GF Score™ is 51/100 with 5 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 Thryv Holdings (THRY), the current ROC (Joel Greenblatt) % is 30.81% 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 Thryv Holdings (THRY) Overvalued in 2026?
Based on GuruFocus' analysis, Thryv Holdings stock appears to be undervalued.
The current stock price of $3.97 is trading 64.9% below its estimated GF Value™ of $11.30.
GuruFocus considers Thryv Holdings to be Possible Value Trap.
Key valuation signals for THRY:
ROC (Joel Greenblatt) %: 30.81% (32% below median its 10-year median of 45.24)
GF Value™: $11.30 vs. price of $3.97 (64.9% below fair value)
Industry Position: 57.3% above the Software median (#778 of 2805)
No single metric tells the full story. See the THRY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thryv Holdings Inc is dedicated to supporting local, independent service-based businesses and emerging franchises by providing a cloud-based software platform, and marketing solutions to entrepreneurs. The group are provider of SaaS all-in-one small business management software in addition to providing print and digital marketing solutions to SMBs. Its solutions enable small and medium-sized business clients to attract and generate new business leads, manage their customer relationships efficiently with artificial intelligence (AI) tools and automation. The group has two business segments; Thryv SaaS deriving maximum revenue and Thryv Marketing Services.
51GF Score
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