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Telelink Business Services Group ADXBUL:TBS 82 ROC (Joel Greenblatt) % is 138.04% as of Mar. 2026, which is 16% below its 10-year median of 164.09. GuruFocus rates XBUL:TBS with a GF Score™ of 82/100 and a GF Value™ of €14.55 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 2,822 Software companies, Telelink Business Services Group AD ranks better than 72.68% 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. Telelink Business Services Group AD's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 138.04%.
The historical rank and industry rank for Telelink Business Services Group AD's ROC (Joel Greenblatt) % or its related term are showing as below:
XBUL:TBS'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 101.88 Med: 164.09 Max: 472.79
Current: 104.76
During the past 9 years, Telelink Business Services Group AD's highest ROC (Joel Greenblatt) % was 472.79%. The lowest was 101.88%. And the median was 164.09%.
XBUL:TBS's ROC (Joel Greenblatt) % is ranked better than 72.68% of 2822
companies
in the Software industry
Industry Median: 21.33
vs XBUL:TBS: 104.76
Telelink Business Services Group AD (XBUL:TBS) 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.
Telelink Business Services Group AD ROC (Joel Greenblatt) % Chart
XBUL:TBS vs IBM, ACN, CTSH: ROC (Joel Greenblatt) % Comparison
For the Information Technology Services subindustry, Telelink Business Services Group AD'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.
Telelink Business Services Group AD ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Telelink Business Services Group AD's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Telelink Business Services Group AD's ROC (Joel Greenblatt) % falls into.
Telelink Business Services Group AD 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 138.04% mean?
Telelink Business Services Group AD (XBUL:TBS) has a ROC (Joel Greenblatt) % of 138.04% 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 Telelink Business Services Group AD and its competitors. This is 16% below median its historical median of 164.09. Over the past decade, Telelink Business Services Group AD's ROC (Joel Greenblatt) % has ranged from 101.88 to 472.79. According to the industry distribution chart, Telelink Business Services Group AD ranks #771 out of 2822 companies in the Software industry, placing it in the top 27.3%.
Is Telelink Business Services Group AD's ROC (Joel Greenblatt) % too high?
Telelink Business Services Group AD's current ROC (Joel Greenblatt) % of 138.04% is 16% below median its 10-year median of 164.09. Over the past 10 years, this metric has ranged from a low of 101.88 to a high of 472.79. The Software industry median ROC (Joel Greenblatt) % is 21.33. Telelink Business Services Group AD's value of 138.04% is 547.2% above this industry median. Based on the distribution chart, Telelink Business Services Group AD ranks #771 out of 2822 companies in the Software industry, which is above the industry midpoint. Overall, Telelink Business Services Group AD has a GF Score™ of 82/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Telelink Business Services Group AD's ROC (Joel Greenblatt) % compare to IBM and ACN?
According to the Software industry distribution chart, Telelink Business Services Group AD ranks #771 out of 2822 companies for ROC (Joel Greenblatt) %. This puts Telelink Business Services Group AD in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 21.33. Telelink Business Services Group AD's value of 138.04% is 547.2% above this benchmark. Historically, Telelink Business Services Group AD's own ROC (Joel Greenblatt) % has ranged from 101.88 to 472.79 over the past decade. While the company's 10-year median is 164.09 vs. the industry median of 21.33, Telelink Business Services Group AD 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 21.33, based on 2,822 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. Telelink Business Services Group AD's current ROC (Joel Greenblatt) % of 138.04% is 547.2% 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 Telelink Business Services Group AD and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 21.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Telelink Business Services Group AD's current ROC (Joel Greenblatt) % is 138.04%, which is 16% below median its own 10-year median of 164.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Telelink Business Services Group AD stock overvalued right now?
Based on GuruFocus' analysis, Telelink Business Services Group AD (XBUL:TBS) is currently considered Significantly Undervalued. The stock's GF Value™ is €14.55, compared to a current price of €5.90 — trading 59.5% below its estimated fair value. The current ROC (Joel Greenblatt) % is 138.04%, which is 16% below median its 10-year median of 164.09 and 547.2% above the Software industry median of 21.33. Telelink Business Services Group AD's overall GF Score™ is 82/100 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 Telelink Business Services Group AD (XBUL:TBS), the current ROC (Joel Greenblatt) % is 138.04% 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 Telelink Business Services Group AD (XBUL:TBS) Overvalued in 2026?
Based on GuruFocus' analysis, Telelink Business Services Group AD stock appears to be undervalued.
The current stock price of €5.90 is trading 59.5% below its estimated GF Value™ of €14.55.
GuruFocus considers Telelink Business Services Group AD to be Significantly Undervalued.
Key valuation signals for XBUL:TBS:
ROC (Joel Greenblatt) %: 138.04% (16% below median its 10-year median of 164.09)
GF Value™: €14.55 vs. price of €5.90 (59.5% below fair value)
Industry Position: 547.2% above the Software median (#771 of 2822)
No single metric tells the full story. See the XBUL:TBS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Telelink Business Services Group AD provides system integration, connectivity, information security, cloud, and data solutions in the three main market segments: mobile telecommunications service providers, fixed telecommunications service providers, and large and mid-sized public and private organizations. Geographically, the company operates in Bulgaria ,Other European countries and Counties outside Europe.
82GF Score
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