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Enghouse SystemsTSX:ENGH +1.60%58 ROC (Joel Greenblatt) % is 577.49% as of Apr. 2026, which is 7% below its 10-year median of 623.40. GuruFocus rates TSX:ENGH with a GF Score™ of 58/100 and a GF Value™ of C$26.77 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 2,819 Software companies, Enghouse Systems ranks better than 94.79% 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. Enghouse Systems's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was 577.49%.
The historical rank and industry rank for Enghouse Systems's ROC (Joel Greenblatt) % or its related term are showing as below:
TSX:ENGH'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 266.73 Med: 623.4 Max: 1457.7
Current: 616.61
During the past 13 years, Enghouse Systems's highest ROC (Joel Greenblatt) % was 1457.70%. The lowest was 266.73%. And the median was 623.40%.
TSX:ENGH's ROC (Joel Greenblatt) % is ranked better than 94.79% of 2819
companies
in the Software industry
Industry Median: 19.59
vs TSX:ENGH: 616.61
Enghouse Systems's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 13.40% per year.
Enghouse Systems (TSX:ENGH) 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.
Enghouse Systems ROC (Joel Greenblatt) % Related Terms
Enghouse Systems ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Enghouse 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.
TSX:ENGH vs QH, SHOP, UBER: ROC (Joel Greenblatt) % Comparison
For the Software - Application subindustry, Enghouse 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.
Enghouse Systems ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Enghouse Systems's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Enghouse Systems's ROC (Joel Greenblatt) % falls into.
Enghouse Systems ROC (Joel Greenblatt) % Calculation
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 (Apr. 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 577.49% mean?
Enghouse Systems (TSX:ENGH) has a ROC (Joel Greenblatt) % of 577.49% as of Apr. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Enghouse Systems and its competitors. This is near median its historical median of 623.40. Over the past decade, Enghouse Systems' ROC (Joel Greenblatt) % has ranged from 266.73 to 1,457.70. According to the industry distribution chart, Enghouse Systems ranks #147 out of 2819 companies in the Software industry, placing it in the top 5.2%.
Is Enghouse Systems' ROC (Joel Greenblatt) % too high?
Enghouse Systems' current ROC (Joel Greenblatt) % of 577.49% is near median its 10-year median of 623.40. Over the past 10 years, this metric has ranged from a low of 266.73 to a high of 1,457.70. The Software industry median ROC (Joel Greenblatt) % is 19.59. Enghouse Systems' value of 577.49% is 2847.9% above this industry median. Based on the distribution chart, Enghouse Systems ranks #147 out of 2819 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Enghouse Systems has a GF Score™ of 58/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Enghouse Systems' ROC (Joel Greenblatt) % compare to QH and SHOP?
According to the Software industry distribution chart, Enghouse Systems ranks #147 out of 2819 companies for ROC (Joel Greenblatt) %. This places Enghouse Systems in the top 5% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 19.59. Enghouse Systems' value of 577.49% is 2847.9% above this benchmark. Historically, Enghouse Systems' own ROC (Joel Greenblatt) % has ranged from 266.73 to 1,457.70 over the past decade. While the company's 10-year median is 623.40 vs. the industry median of 19.59, Enghouse 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 2,819 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. Enghouse Systems's current ROC (Joel Greenblatt) % of 577.49% is 2847.9% 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 Enghouse 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. Enghouse Systems's current ROC (Joel Greenblatt) % is 577.49%, which is near median its own 10-year median of 623.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Enghouse Systems stock overvalued right now?
Based on GuruFocus' analysis, Enghouse Systems (TSX:ENGH) is currently considered Significantly Undervalued. The stock's GF Value™ is C$26.77, compared to a current price of C$17.18 — trading 35.8% below its estimated fair value. The current ROC (Joel Greenblatt) % is 577.49%, which is near median its 10-year median of 623.40 and 2847.9% above the Software industry median of 19.59. Enghouse Systems' overall GF Score™ is 58/100 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 Enghouse Systems (TSX:ENGH), the current ROC (Joel Greenblatt) % is 577.49% as of Apr. 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 Enghouse Systems (TSX:ENGH) Overvalued in 2026?
Based on GuruFocus' analysis, Enghouse Systems stock appears to be undervalued.
The current stock price of C$17.18 is trading 35.8% below its estimated GF Value™ of C$26.77.
GuruFocus considers Enghouse Systems to be Significantly Undervalued.
Key valuation signals for TSX:ENGH:
ROC (Joel Greenblatt) %: 577.49% (near median its 10-year median of 623.40)
GF Value™: C$26.77 vs. price of C$17.18 (35.8% below fair value)
Industry Position: 2847.9% above the Software median (#147 of 2819)
No single metric tells the full story. See the TSX:ENGH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Enghouse Systems Ltd is a Canada-based provider of software and services to a variety of end markets. The firm's operations are organized in two segments, namely, the Interactive Management Group (IMG) and the Asset Management Group (AMG). It earns the majority of its revenue from Interactive Management Group. IMG specializes in contact center and video software and services designed to enhance customer service by increasing efficiency and managing customer communications across multiple types of interactions, including voice, email, social channels, web chats, text, and videos. The firm has operations in Canada, the United States, the United Kingdom, Europe, excluding Scandinavia, Germany, Asia-Pacific, and other regions, with maximum revenue from the USA.
58GF Score
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