Bisalloy Steel GroupASX:BIS -1.11%78 ROC (Joel Greenblatt) % is 31.18% as of Dec. 2025, which is 33% above its 10-year median of 23.42. GuruFocus rates ASX:BIS with a GF Score™ of 78/100 and a GF Value™ of A$3.48 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 631 Steel companies, Bisalloy Steel Group ranks better than 92.55% 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. Bisalloy Steel Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 31.18%.
The historical rank and industry rank for Bisalloy Steel Group's ROC (Joel Greenblatt) % or its related term are showing as below:
ASX:BIS'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 10.73 Med: 23.42 Max: 39.11
Current: 36.61
During the past 13 years, Bisalloy Steel Group's highest ROC (Joel Greenblatt) % was 39.11%. The lowest was 10.73%. And the median was 23.42%.
ASX:BIS's ROC (Joel Greenblatt) % is ranked better than 92.55% of 631
companies
in the Steel industry
Industry Median: 6.97
vs ASX:BIS: 36.61
Bisalloy Steel Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 11.10% per year.
Bisalloy Steel Group (ASX:BIS) 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.
Bisalloy Steel Group ROC (Joel Greenblatt) % Related Terms
Bisalloy Steel Group ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Bisalloy Steel Group'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.
Bisalloy Steel Group ROC (Joel Greenblatt) % Chart
ASX:BIS vs NUE, STLD, RS: ROC (Joel Greenblatt) % Comparison
For the Steel subindustry, Bisalloy Steel Group'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.
Bisalloy Steel Group ROC (Joel Greenblatt) % vs Steel Industry
For the Steel industry and Basic Materials sector, Bisalloy Steel Group's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Bisalloy Steel Group's ROC (Joel Greenblatt) % falls into.
Bisalloy Steel Group 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 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 31.18% mean?
Bisalloy Steel Group (ASX:BIS) has a ROC (Joel Greenblatt) % of 31.18% 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 Bisalloy Steel Group and its competitors. This is 33% above median its historical median of 23.42. Over the past decade, Bisalloy Steel Group's ROC (Joel Greenblatt) % has ranged from 10.73 to 39.11. According to the industry distribution chart, Bisalloy Steel Group ranks #47 out of 631 companies in the Steel industry, placing it in the top 7.4%.
Is Bisalloy Steel Group's ROC (Joel Greenblatt) % too high?
Bisalloy Steel Group's current ROC (Joel Greenblatt) % of 31.18% is 33% above median its 10-year median of 23.42. Over the past 10 years, this metric has ranged from a low of 10.73 to a high of 39.11. The Steel industry median ROC (Joel Greenblatt) % is 6.97. Bisalloy Steel Group's value of 31.18% is 347.3% above this industry median. Based on the distribution chart, Bisalloy Steel Group ranks #47 out of 631 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Bisalloy Steel Group has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bisalloy Steel Group's ROC (Joel Greenblatt) % compare to NUE and STLD?
According to the Steel industry distribution chart, Bisalloy Steel Group ranks #47 out of 631 companies for ROC (Joel Greenblatt) %. This places Bisalloy Steel Group in the top 7% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 6.97. Bisalloy Steel Group's value of 31.18% is 347.3% above this benchmark. Historically, Bisalloy Steel Group's own ROC (Joel Greenblatt) % has ranged from 10.73 to 39.11 over the past decade. While the company's 10-year median is 23.42 vs. the industry median of 6.97, Bisalloy Steel Group 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 Steel company?
The median ROC (Joel Greenblatt) % among Steel companies is 6.97, based on 631 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. Bisalloy Steel Group's current ROC (Joel Greenblatt) % of 31.18% is 347.3% 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 Bisalloy Steel Group and its competitors. For the Steel industry, the median ROC (Joel Greenblatt) % is 6.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bisalloy Steel Group's current ROC (Joel Greenblatt) % is 31.18%, which is 33% above median its own 10-year median of 23.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bisalloy Steel Group stock overvalued right now?
Based on GuruFocus' analysis, Bisalloy Steel Group (ASX:BIS) is currently considered Modestly Overvalued. The stock's GF Value™ is A$3.48, compared to a current price of A$4.47 — trading 28.4% above its estimated fair value. The current ROC (Joel Greenblatt) % is 31.18%, which is 33% above median its 10-year median of 23.42 and 347.3% above the Steel industry median of 6.97. Bisalloy Steel Group's overall GF Score™ is 78/100 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 Bisalloy Steel Group (ASX:BIS), the current ROC (Joel Greenblatt) % is 31.18% 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 Bisalloy Steel Group (ASX:BIS) Overvalued in 2026?
Based on GuruFocus' analysis, Bisalloy Steel Group stock appears to be overvalued.
The current stock price of A$4.47 is trading 28.4% above its estimated GF Value™ of A$3.48.
GuruFocus considers Bisalloy Steel Group to be Modestly Overvalued.
Key valuation signals for ASX:BIS:
ROC (Joel Greenblatt) %: 31.18% (33% above median its 10-year median of 23.42)
GF Value™: A$3.48 vs. price of A$4.47 (28.4% above fair value)
Industry Position: 347.3% above the Steel median (#47 of 631)
No single metric tells the full story. See the ASX:BIS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bisalloy Steel Group Ltd is engaged in the processing and sale of quenched and tempered high-tensile, and abrasion-resistant steel plates. The company is organized into geographical operating segments, being Australian Operations is engaged in the distribution of wear-grade and high tensile plates through distributors and directly to original equipment manufacturers in both Australia and Overseas. Its Overseas Operations engage in the distribution of the abrasion-resistant plate as well as other steel plate products. The Overseas Operations also focus on the marketing and distribution of quench and tempered steel plates. The majority of its revenue is derived from Australian Operations.
78GF Score
Get the complete analysis for ASX:BIS
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
ASX:BIS has been successfully added to your 
