Temenos AGTMNSF +4.75%85 ROC (Joel Greenblatt) % is 491.42% as of Mar. 2026, which is 0% above its 10-year median of 489.42. GuruFocus rates TMNSF with a GF Score™ of 85/100 and a GF Value™ of $95.22 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 2,811 Software companies, Temenos AG ranks better than 95.8% 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. Temenos AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 491.42%.
The historical rank and industry rank for Temenos AG's ROC (Joel Greenblatt) % or its related term are showing as below:
TMNSF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 275.37 Med: 489.42 Max: 1219.04
Current: 776.32
During the past 13 years, Temenos AG's highest ROC (Joel Greenblatt) % was 1219.04%. The lowest was 275.37%. And the median was 489.42%.
TMNSF's ROC (Joel Greenblatt) % is ranked better than 95.8% of 2811
companies
in the Software industry
Industry Median: 19.63
vs TMNSF: 776.32
Temenos AG's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 12.00% per year.
Temenos AG (OTCPK:TMNSF) 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.
Temenos AG ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Temenos AG'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.
TMNSF vs UBER, SHOP, CRM: ROC (Joel Greenblatt) % Comparison
For the Software - Application subindustry, Temenos AG'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.
Temenos AG ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Temenos AG's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Temenos AG'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 491.42% mean?
Temenos AG (TMNSF) has a ROC (Joel Greenblatt) % of 491.42% 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 Temenos AG and its competitors. This is near median its historical median of 489.42. Over the past decade, Temenos AG's ROC (Joel Greenblatt) % has ranged from 275.37 to 1,219.04. According to the industry distribution chart, Temenos AG ranks #118 out of 2811 companies in the Software industry, placing it in the top 4.2%.
Is Temenos AG's ROC (Joel Greenblatt) % too high?
Temenos AG's current ROC (Joel Greenblatt) % of 491.42% is near median its 10-year median of 489.42. Over the past 10 years, this metric has ranged from a low of 275.37 to a high of 1,219.04. The Software industry median ROC (Joel Greenblatt) % is 19.63. Temenos AG's value of 491.42% is 2403.4% above this industry median. Based on the distribution chart, Temenos AG ranks #118 out of 2811 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Temenos AG has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Temenos AG's ROC (Joel Greenblatt) % compare to UBER and SHOP?
According to the Software industry distribution chart, Temenos AG ranks #118 out of 2811 companies for ROC (Joel Greenblatt) %. This places Temenos AG in the top 4% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 19.63. Temenos AG's value of 491.42% is 2403.4% above this benchmark. Historically, Temenos AG's own ROC (Joel Greenblatt) % has ranged from 275.37 to 1,219.04 over the past decade. While the company's 10-year median is 489.42 vs. the industry median of 19.63, Temenos AG 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 19.63, based on 2,811 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. Temenos AG's current ROC (Joel Greenblatt) % of 491.42% is 2403.4% 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 Temenos AG and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 19.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Temenos AG's current ROC (Joel Greenblatt) % is 491.42%, which is near median its own 10-year median of 489.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Temenos AG stock overvalued right now?
Based on GuruFocus' analysis, Temenos AG (TMNSF) is currently considered Modestly Undervalued. The stock's GF Value™ is $95.22, compared to a current price of $78.89 — trading 17.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is 491.42%, which is near median its 10-year median of 489.42 and 2403.4% above the Software industry median of 19.63. Temenos AG's overall GF Score™ is 85/100 with 2 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 Temenos AG (TMNSF), the current ROC (Joel Greenblatt) % is 491.42% 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 Temenos AG (TMNSF) Overvalued in 2026?
Based on GuruFocus' analysis, Temenos AG stock appears to be undervalued.
The current stock price of $78.89 is trading 17.2% below its estimated GF Value™ of $95.22.
GuruFocus considers Temenos AG to be Modestly Undervalued.
Key valuation signals for TMNSF:
ROC (Joel Greenblatt) %: 491.42% (near median its 10-year median of 489.42)
GF Value™: $95.22 vs. price of $78.89 (17.2% below fair value)
Industry Position: 2403.4% above the Software median (#118 of 2811)
No single metric tells the full story. See the TMNSF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Temenos is a Swiss company that provides banking software to financial institutions around the world. Its main product is core banking software that helps banks manage accounts, customer information, transaction processing, loans, security, and financial reporting. Besides core banking software, Temenos offers products for digital banking, payments, wealth management, compliance, and analytics to help banks improve customer experience and meet regulatory requirements.
85GF Score
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