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Paycloud HoldingsTSE:4015 +0.19%73 ROC (Joel Greenblatt) % is 356.81% as of Feb. 2026, which is 83% above its 10-year median of 194.59. GuruFocus rates TSE:4015 with a GF Score™ of 73/100 and a GF Value™ of 円800.23 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 2,819 Software companies, Paycloud Holdings ranks better than 82.8% 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. Paycloud Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 356.81%.
The historical rank and industry rank for Paycloud Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:4015'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -853.73 Med: 194.59 Max: 515.66
Current: 182.77
During the past 8 years, Paycloud Holdings's highest ROC (Joel Greenblatt) % was 515.66%. The lowest was -853.73%. And the median was 194.59%.
TSE:4015's ROC (Joel Greenblatt) % is ranked better than 82.8% of 2819
companies
in the Software industry
Industry Median: 19.59
vs TSE:4015: 182.77
Paycloud 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.
Paycloud Holdings ROC (Joel Greenblatt) % Related Terms
Paycloud Holdings ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Paycloud 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.
TSE:4015 vs QH, SHOP, UBER: ROC (Joel Greenblatt) % Comparison
For the Software - Application subindustry, Paycloud 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.
Paycloud Holdings ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Paycloud Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Paycloud 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 two times the semi-annual (Feb. 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 356.81% mean?
Paycloud Holdings (TSE:4015) has a ROC (Joel Greenblatt) % of 356.81% as of Feb. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Paycloud Holdings and its competitors. This is 83% above median its historical median of 194.59. According to the industry distribution chart, Paycloud Holdings ranks #485 out of 2819 companies in the Software industry, placing it in the top 17.2%.
Is Paycloud Holdings' ROC (Joel Greenblatt) % too high?
Paycloud Holdings' current ROC (Joel Greenblatt) % of 356.81% is 83% above median its 10-year median of 194.59. The Software industry median ROC (Joel Greenblatt) % is 19.59. Paycloud Holdings' value of 356.81% is 1721.4% above this industry median. Based on the distribution chart, Paycloud Holdings ranks #485 out of 2819 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Paycloud Holdings has a GF Score™ of 73/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Paycloud Holdings' ROC (Joel Greenblatt) % compare to QH and SHOP?
According to the Software industry distribution chart, Paycloud Holdings ranks #485 out of 2819 companies for ROC (Joel Greenblatt) %. This places Paycloud Holdings in the top 17% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 19.59. Paycloud Holdings' value of 356.81% is 1721.4% above this benchmark. While the company's 10-year median is 194.59 vs. the industry median of 19.59, Paycloud 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 2,819 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. Paycloud Holdings's current ROC (Joel Greenblatt) % of 356.81% is 1721.4% 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 Paycloud 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. Paycloud Holdings's current ROC (Joel Greenblatt) % is 356.81%, which is 83% above median its own 10-year median of 194.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Paycloud Holdings stock overvalued right now?
Based on GuruFocus' analysis, Paycloud Holdings (TSE:4015) is currently considered Significantly Undervalued. The stock's GF Value™ is 円800.23, compared to a current price of 円541.00 — trading 32.4% below its estimated fair value. The current ROC (Joel Greenblatt) % is 356.81%, which is 83% above median its 10-year median of 194.59 and 1721.4% above the Software industry median of 19.59. Paycloud Holdings' overall GF Score™ is 73/100 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 Paycloud Holdings (TSE:4015), the current ROC (Joel Greenblatt) % is 356.81% as of Feb. 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 Paycloud Holdings (TSE:4015) Overvalued in 2026?
Based on GuruFocus' analysis, Paycloud Holdings stock appears to be undervalued.
The current stock price of 円541.00 is trading 32.4% below its estimated GF Value™ of 円800.23.
GuruFocus considers Paycloud Holdings to be Significantly Undervalued.
Key valuation signals for TSE:4015:
ROC (Joel Greenblatt) %: 356.81% (83% above median its 10-year median of 194.59)
GF Value™: 円800.23 vs. price of 円541.00 (32.4% below fair value)
Industry Position: 1721.4% above the Software median (#485 of 2819)
No single metric tells the full story. See the TSE:4015 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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