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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. Bajaj Finance's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 1,112.84%.
The historical rank and industry rank for Bajaj Finance's ROC (Joel Greenblatt) % or its related term are showing as below:
BOM:500034's ROC (Joel Greenblatt) % is not ranked *
in the Credit Services industry.
Industry Median: 25.84 * Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
Bajaj Finance'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.
Bajaj Finance ROC (Joel Greenblatt) % Related Terms
Bajaj Finance ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Bajaj Finance'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.
BOM:500034 vs V, MA, AXP: ROC (Joel Greenblatt) % Comparison
For the Credit Services subindustry, Bajaj Finance'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.
Bajaj Finance ROC (Joel Greenblatt) % vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Bajaj Finance's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Bajaj Finance'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 four times the quarterly (Jun. 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 1,112.84% mean?
Bajaj Finance (BOM:500034) has a ROC (Joel Greenblatt) % of 1,112.84% as of Jun. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Bajaj Finance and its competitors. According to the industry distribution chart, Bajaj Finance ranks #999999 out of 423 companies in the Credit Services industry.
Is Bajaj Finance's ROC (Joel Greenblatt) % too high?
Bajaj Finance's current ROC (Joel Greenblatt) % is 1,112.84%. The Credit Services industry median ROC (Joel Greenblatt) % is 25.84. Bajaj Finance's value of 1,112.84% is 4206.7% above this industry median. Based on the distribution chart, Bajaj Finance ranks #999999 out of 423 companies in the Credit Services industry, which is in the bottom quartile relative to peers. Overall, Bajaj Finance has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bajaj Finance's ROC (Joel Greenblatt) % compare to V and MA?
According to the Credit Services industry distribution chart, Bajaj Finance ranks #999999 out of 423 companies for ROC (Joel Greenblatt) %. This places Bajaj Finance in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 25.84. Bajaj Finance's value of 1,112.84% is 4206.7% above this benchmark. 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 Credit Services company?
The median ROC (Joel Greenblatt) % among Credit Services companies is 25.84, based on 423 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. Bajaj Finance's current ROC (Joel Greenblatt) % of 1,112.84% is 4206.7% 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 Bajaj Finance and its competitors. For the Credit Services industry, the median ROC (Joel Greenblatt) % is 25.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bajaj Finance's current ROC (Joel Greenblatt) % is 1,112.84%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bajaj Finance stock overvalued right now?
Based on GuruFocus' analysis, Bajaj Finance (BOM:500034) is currently considered Fairly Valued. The stock's GF Value™ is ₹1,063.09, compared to a current price of ₹1,027.00 — trading 3.4% below its estimated fair value. The current ROC (Joel Greenblatt) % is 1,112.84% and 4206.7% above the Credit Services industry median of 25.84. Bajaj Finance's overall GF Score™ is 77/100 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 Bajaj Finance (BOM:500034), the current ROC (Joel Greenblatt) % is 1,112.84% as of Jun. 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 Bajaj Finance (BOM:500034) Overvalued in 2026?
Based on GuruFocus' analysis, Bajaj Finance stock appears to be undervalued.
The current stock price of ₹1,027.00 is trading 3.4% below its estimated GF Value™ of ₹1,063.09.
GuruFocus considers Bajaj Finance to be Fairly Valued.
Key valuation signals for BOM:500034:
ROC (Joel Greenblatt) %: 1,112.84%
GF Value™: ₹1,063.09 vs. price of ₹1,027.00 (3.4% below fair value)
Industry Position: 4206.7% above the Credit Services median (#999999 of 423)
No single metric tells the full story. See the BOM:500034 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bajaj Finance Ltd is the holding company for various financial services businesses under the Bajaj Group, which operates in India. The company is an NBFC in India offering payments, partnerships, services, and lending solutions to customers. The company's model is focused on the acquisition of customers and offering multiple loans and services on a cross-sell basis to meet their financial service needs. The company provides discretionary spending across consumer electronics, furniture, and digital products in India. The company's strategies and structure are closely aligned with those of commercial banks in India. All of its revenue is generated from India.
77GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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