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. Upland Software's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 499.41%.
The historical rank and industry rank for Upland Software's ROC (Joel Greenblatt) % or its related term are showing as below:
UPLD'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -2637.92 Med: -360.38 Max: 163.62
Current: 163.62
During the past 13 years, Upland Software's highest ROC (Joel Greenblatt) % was 163.62%. The lowest was -2637.92%. And the median was -360.38%.
UPLD's ROC (Joel Greenblatt) % is ranked better than 80.76% of 2801
companies
in the Software industry
Industry Median: 19.63
vs UPLD: 163.62
Upland Software's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -51.60% 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.
Upland Software ROC (Joel Greenblatt) % Related Terms
Upland Software ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Upland Software'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.
UPLD vs MYSE, NVNI, KNRX: ROC (Joel Greenblatt) % Comparison
For the Software - Application subindustry, Upland Software'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.
Upland Software ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Upland Software's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Upland Software'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 499.41% mean?
Upland Software (UPLD) has a ROC (Joel Greenblatt) % of 499.41% 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 Upland Software and its competitors. According to the industry distribution chart, Upland Software ranks #539 out of 2801 companies in the Software industry, placing it in the top 19.2%.
Is Upland Software's ROC (Joel Greenblatt) % too high?
Upland Software's current ROC (Joel Greenblatt) % is 499.41%. The Software industry median ROC (Joel Greenblatt) % is 19.63. Upland Software's value of 499.41% is 2444.1% above this industry median. Based on the distribution chart, Upland Software ranks #539 out of 2801 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Upland Software has a GF Score™ of 44/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Upland Software's ROC (Joel Greenblatt) % compare to MYSE and NVNI?
According to the Software industry distribution chart, Upland Software ranks #539 out of 2801 companies for ROC (Joel Greenblatt) %. This places Upland Software in the top 19% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 19.63. Upland Software's value of 499.41% is 2444.1% above this benchmark. 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 2,801 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. Upland Software's current ROC (Joel Greenblatt) % of 499.41% is 2444.1% 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 Upland Software 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. Upland Software's current ROC (Joel Greenblatt) % is 499.41%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Upland Software stock overvalued right now?
Based on GuruFocus' analysis, Upland Software (UPLD) is currently considered Possible Value Trap. The stock's GF Value™ is $18.75, compared to a current price of $4.89 — trading 73.9% below its estimated fair value. The current ROC (Joel Greenblatt) % is 499.41% and 2444.1% above the Software industry median of 19.63. Upland Software's overall GF Score™ is 44/100 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 Upland Software (UPLD), the current ROC (Joel Greenblatt) % is 499.41% 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 Upland Software (UPLD) Overvalued in 2026?
Based on GuruFocus' analysis, Upland Software stock appears to be undervalued.
The current stock price of $4.89 is trading 73.9% below its estimated GF Value™ of $18.75.
GuruFocus considers Upland Software to be Possible Value Trap.
Key valuation signals for UPLD:
ROC (Joel Greenblatt) %: 499.41%
GF Value™: $18.75 vs. price of $4.89 (73.9% below fair value)
Industry Position: 2444.1% above the Software median (#539 of 2801)
No single metric tells the full story. See the UPLD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Upland Software Inc is a software company. It provides cloud-based software applications in three categories: Knowledge Management that provides solutions designed to help organizations capture, organize, and distribute information to employees and customers. Content Lifecycle and Workflow Automation offers solutions that support document management, compliance, and process efficiency across various industries. Digital Marketing solutions that provides tools for audience engagement, campaign management, and content distribution across digital channels. Geographically, the company has operations in the U.S., United Kingdom and Canada, of which United States derives maximum revenue.
44GF Score
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