Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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. Fidelity National Information Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 180.30%.
WBO:FNIS'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 41.94 Med: 100.1 Max: 236.93
Current: 204.03
During the past 13 years, Fidelity National Information Services's highest ROC (Joel Greenblatt) % was 236.93%. The lowest was 41.94%. And the median was 100.10%.
WBO:FNIS's ROC (Joel Greenblatt) % is ranked better than 84.35% of 2811
companies
in the Software industry
Industry Median: 19.63
vs WBO:FNIS: 204.03
Fidelity National Information Services (WBO:FNIS) 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.
* 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.
Fidelity National Information Services ROC (Joel Greenblatt) % Chart
Fidelity National Information Services Annual Data
WBO:FNIS vs CTSH, CDW, BR: ROC (Joel Greenblatt) % Comparison
For the Information Technology Services subindustry, Fidelity National Information Services'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.
Fidelity National Information Services ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Fidelity National Information Services's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Fidelity National Information Services's ROC (Joel Greenblatt) % falls into.
Fidelity National Information Services 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 (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 180.30% mean?
Fidelity National Information Services (WBO:FNIS) has a ROC (Joel Greenblatt) % of 180.30% 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 Fidelity National Information Services and its competitors. This is 80% above median its historical median of 100.10. Over the past decade, Fidelity National Information Services' ROC (Joel Greenblatt) % has ranged from 41.94 to 236.93. According to the industry distribution chart, Fidelity National Information Services ranks #440 out of 2811 companies in the Software industry, placing it in the top 15.7%.
Is Fidelity National Information Services' ROC (Joel Greenblatt) % too high?
Fidelity National Information Services' current ROC (Joel Greenblatt) % of 180.30% is 80% above median its 10-year median of 100.10. Over the past 10 years, this metric has ranged from a low of 41.94 to a high of 236.93. The Software industry median ROC (Joel Greenblatt) % is 19.63. Fidelity National Information Services' value of 180.30% is 818.5% above this industry median. Based on the distribution chart, Fidelity National Information Services ranks #440 out of 2811 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Fidelity National Information Services has a GF Score™ of 62/100, reflecting its overall financial health beyond just this single metric.
How does Fidelity National Information Services' ROC (Joel Greenblatt) % compare to CTSH and CDW?
According to the Software industry distribution chart, Fidelity National Information Services ranks #440 out of 2811 companies for ROC (Joel Greenblatt) %. This places Fidelity National Information Services in the top 16% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 19.63. Fidelity National Information Services' value of 180.30% is 818.5% above this benchmark. Historically, Fidelity National Information Services' own ROC (Joel Greenblatt) % has ranged from 41.94 to 236.93 over the past decade. While the company's 10-year median is 100.10 vs. the industry median of 19.63, Fidelity National Information Services 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. Fidelity National Information Services's current ROC (Joel Greenblatt) % of 180.30% is 818.5% 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 Fidelity National Information Services 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. Fidelity National Information Services's current ROC (Joel Greenblatt) % is 180.30%, which is 80% above median its own 10-year median of 100.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fidelity National Information Services stock overvalued right now?
Fidelity National Information Services (WBO:FNIS) has a current ROC (Joel Greenblatt) % of 180.30%. The stock's GF Value™ is €79.79, compared to a current price of €37.32 — trading 53.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is 180.30%, which is 80% above median its 10-year median of 100.10 and 818.5% above the Software industry median of 19.63. Fidelity National Information Services' overall GF Score™ is 62/100 with 3 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 Fidelity National Information Services (WBO:FNIS), the current ROC (Joel Greenblatt) % is 180.30% 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 Fidelity National Information Services (WBO:FNIS) Overvalued in 2026?
Based on GuruFocus' analysis, Fidelity National Information Services stock appears to be undervalued.
The current stock price of €37.32 is trading 53.2% below its estimated GF Value™ of €79.79.
Key valuation signals for WBO:FNIS:
ROC (Joel Greenblatt) %: 180.30% (80% above median its 10-year median of 100.10)
GF Value™: €79.79 vs. price of €37.32 (53.2% below fair value)
Industry Position: 818.5% above the Software median (#440 of 2811)
No single metric tells the full story. See the WBO:FNIS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fidelity National Information Services Business Description
Fidelity National Information Services provides core processing and ancillary services to banks, but its business has expanded over time. By acquiring SunGard in 2015, the company now provides record-keeping and other services to investment firms. In a recent deal with Global Payments, FIS sold off its remaining interest in Worldpay and acquired Global Payment's issuer processing business.
62GF Score
Get the complete analysis for WBO:FNIS
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
WBO:FNIS has been successfully added to your 
