Bhagwan MarineASX:BWN +3.70%21 ROC (Joel Greenblatt) % is 5.81% as of Dec. 2025, which is 36% below its 10-year median of 9.12. GuruFocus rates ASX:BWN with a GF Score™ of 21/100. The stock has 4 warning signs investors should review. Among 996 Transportation companies, Bhagwan Marine ranks worse than 68.07% 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. Bhagwan Marine's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 5.81%.
The historical rank and industry rank for Bhagwan Marine's ROC (Joel Greenblatt) % or its related term are showing as below:
ASX:BWN'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.77 Med: 9.12 Max: 12.47
Current: 7.03
During the past 4 years, Bhagwan Marine's highest ROC (Joel Greenblatt) % was 12.47%. The lowest was 5.77%. And the median was 9.12%.
ASX:BWN's ROC (Joel Greenblatt) % is ranked worse than 68.07% of 996
companies
in the Transportation industry
Industry Median: 11.695
vs ASX:BWN: 7.03
Bhagwan Marine's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% 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.
Bhagwan Marine ROC (Joel Greenblatt) % Related Terms
Bhagwan Marine ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Bhagwan Marine'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.
For the Marine Shipping subindustry, Bhagwan Marine'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.
Bhagwan Marine ROC (Joel Greenblatt) % vs Transportation Industry
For the Transportation industry and Industrials sector, Bhagwan Marine's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Bhagwan Marine'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 5.81% mean?
Bhagwan Marine (ASX:BWN) has a ROC (Joel Greenblatt) % of 5.81% 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 Bhagwan Marine and its competitors. This is 36% below median its historical median of 9.12. Over the past decade, Bhagwan Marine's ROC (Joel Greenblatt) % has ranged from 5.77 to 12.47. According to the industry distribution chart, Bhagwan Marine ranks #678 out of 996 companies in the Transportation industry, placing it in the top 68.1%.
Is Bhagwan Marine's ROC (Joel Greenblatt) % too high?
Bhagwan Marine's current ROC (Joel Greenblatt) % of 5.81% is 36% below median its 10-year median of 9.12. Over the past 10 years, this metric has ranged from a low of 5.77 to a high of 12.47. The Transportation industry median ROC (Joel Greenblatt) % is 11.70. Bhagwan Marine's value of 5.81% is 50.3% below this industry median. Based on the distribution chart, Bhagwan Marine ranks #678 out of 996 companies in the Transportation industry, which is below the industry midpoint. Overall, Bhagwan Marine has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Bhagwan Marine's ROC (Joel Greenblatt) % compare to competitors?
According to the Transportation industry distribution chart, Bhagwan Marine ranks #678 out of 996 companies for ROC (Joel Greenblatt) %. This places Bhagwan Marine in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 11.70. Bhagwan Marine's value of 5.81% is 50.3% below this benchmark. Historically, Bhagwan Marine's own ROC (Joel Greenblatt) % has ranged from 5.77 to 12.47 over the past decade. While the company's 10-year median is 9.12 vs. the industry median of 11.70, Bhagwan Marine has consistently been below 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 Transportation company?
The median ROC (Joel Greenblatt) % among Transportation companies is 11.70, based on 996 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. Bhagwan Marine's current ROC (Joel Greenblatt) % of 5.81% is 50.3% below 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 Bhagwan Marine and its competitors. For the Transportation industry, the median ROC (Joel Greenblatt) % is 11.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bhagwan Marine's current ROC (Joel Greenblatt) % is 5.81%, which is 36% below median its own 10-year median of 9.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bhagwan Marine stock overvalued right now?
Bhagwan Marine (ASX:BWN) has a current ROC (Joel Greenblatt) % of 5.81%. The current ROC (Joel Greenblatt) % is 5.81%, which is 36% below median its 10-year median of 9.12 and 50.3% below the Transportation industry median of 11.70. Bhagwan Marine's overall GF Score™ is 21/100 with 4 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 Bhagwan Marine (ASX:BWN), the current ROC (Joel Greenblatt) % is 5.81% 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.
Bhagwan Marine Ltd is a marine vessel operator and service provider. It is engaged in operating a diverse range of vessels providing marine solutions across the offshore energy, subsea, ports and inshore, and defence sectors. The group has a diverse fleet of purpose-built charter vessels and marine assets available for hire, including ASD harbour tugs, coastal towage tugs, anchor handling tug supply, multicats, dive support vessels, landing craft, crew transfer vessels, and utility vessels, among others. In addition, it provides various marine services such as ROV support, coastal freight, transshipping, vessel line handling, general underwater construction, oil field support services, etc. Geographically, the group derives a majority of its revenue from Australia.
21GF Score
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