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Novabase SGPSXLIS:NBA +0.53%55 ROC (Joel Greenblatt) % is 161.60% as of Dec. 2025, which is 87% above its 10-year median of 86.47. GuruFocus rates XLIS:NBA with a GF Score™ of 55/100 and a GF Value™ of €4.24 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 2,816 Software companies, Novabase SGPS ranks better than 76.63% 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. Novabase SGPS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 161.60%.
The historical rank and industry rank for Novabase SGPS's ROC (Joel Greenblatt) % or its related term are showing as below:
XLIS:NBA'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 14.83 Med: 86.47 Max: 130.39
Current: 126.21
During the past 13 years, Novabase SGPS's highest ROC (Joel Greenblatt) % was 130.39%. The lowest was 14.83%. And the median was 86.47%.
XLIS:NBA's ROC (Joel Greenblatt) % is ranked better than 76.63% of 2816
companies
in the Software industry
Industry Median: 20.03
vs XLIS:NBA: 126.21
Novabase SGPS's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 5.50% 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.
Novabase SGPS ROC (Joel Greenblatt) % Related Terms
Novabase SGPS ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Novabase SGPS'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.
XLIS:NBA vs IBM, ACN, FISV: ROC (Joel Greenblatt) % Comparison
For the Information Technology Services subindustry, Novabase SGPS'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.
Novabase SGPS ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Novabase SGPS's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Novabase SGPS'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 (Dec. 2025) 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 161.60% mean?
Novabase SGPS (XLIS:NBA) has a ROC (Joel Greenblatt) % of 161.60% as of Dec. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Novabase SGPS and its competitors. This is 87% above median its historical median of 86.47. Over the past decade, Novabase SGPS's ROC (Joel Greenblatt) % has ranged from 14.83 to 130.39. According to the industry distribution chart, Novabase SGPS ranks #658 out of 2816 companies in the Software industry, placing it in the top 23.4%.
Is Novabase SGPS's ROC (Joel Greenblatt) % too high?
Novabase SGPS's current ROC (Joel Greenblatt) % of 161.60% is 87% above median its 10-year median of 86.47. Over the past 10 years, this metric has ranged from a low of 14.83 to a high of 130.39. The Software industry median ROC (Joel Greenblatt) % is 20.03. Novabase SGPS's value of 161.60% is 706.8% above this industry median. Based on the distribution chart, Novabase SGPS ranks #658 out of 2816 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Novabase SGPS has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Novabase SGPS's ROC (Joel Greenblatt) % compare to IBM and ACN?
According to the Software industry distribution chart, Novabase SGPS ranks #658 out of 2816 companies for ROC (Joel Greenblatt) %. This places Novabase SGPS in the top 23% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 20.03. Novabase SGPS's value of 161.60% is 706.8% above this benchmark. Historically, Novabase SGPS's own ROC (Joel Greenblatt) % has ranged from 14.83 to 130.39 over the past decade. While the company's 10-year median is 86.47 vs. the industry median of 20.03, Novabase SGPS 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 20.03, based on 2,816 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. Novabase SGPS's current ROC (Joel Greenblatt) % of 161.60% is 706.8% 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 Novabase SGPS and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 20.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Novabase SGPS's current ROC (Joel Greenblatt) % is 161.60%, which is 87% above median its own 10-year median of 86.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Novabase SGPS stock overvalued right now?
Based on GuruFocus' analysis, Novabase SGPS (XLIS:NBA) is currently considered Significantly Overvalued. The stock's GF Value™ is €4.24, compared to a current price of €7.56 — trading 78.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is 161.60%, which is 87% above median its 10-year median of 86.47 and 706.8% above the Software industry median of 20.03. Novabase SGPS's overall GF Score™ is 55/100 with 1 warning sign 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 Novabase SGPS (XLIS:NBA), the current ROC (Joel Greenblatt) % is 161.60% as of Dec. 2025. 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 Novabase SGPS (XLIS:NBA) Overvalued in 2026?
Based on GuruFocus' analysis, Novabase SGPS stock appears to be overvalued.
The current stock price of €7.56 is trading 78.3% above its estimated GF Value™ of €4.24.
GuruFocus considers Novabase SGPS to be Significantly Overvalued.
Key valuation signals for XLIS:NBA:
ROC (Joel Greenblatt) %: 161.60% (87% above median its 10-year median of 86.47)
GF Value™: €4.24 vs. price of €7.56 (78.3% above fair value)
Industry Position: 706.8% above the Software median (#658 of 2816)
No single metric tells the full story. See the XLIS:NBA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Novabase SGPS is engaged in holding and managing financial holdings in other companies. The Group operates through two business areas: Next-Gen (NG), which generates maximum revenue and operates under the Celfocus commercial brand, providing IT consulting and services focused on the Financial Services and Telecommunications industries across Europe and the Middle East; and Value Portfolio (VP), which develops venture capital activities. The Next-Gen and IT Service segment focuses on Design & UX, insights through data, native & scalable cloud, digital architecture, exposure to APIs, AI/Analytics, automation of tests & engineering, continuous delivery, and intelligent operations. The Group operates in Portugal, Europe, the Middle East, and Africa.
55GF Score
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