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Pioneer InvestcorpBOM:507864 -4.56%64 ROC (Joel Greenblatt) % is 33.81% as of Jun. 2026, which is 274% above its 10-year median of 9.05. GuruFocus rates BOM:507864 with a GF Score™ of 64/100 and a GF Value™ of ₹63.27 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 674 Capital Markets companies, Pioneer Investcorp ranks better than 51.04% 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. Pioneer Investcorp's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 33.81%.
The historical rank and industry rank for Pioneer Investcorp's ROC (Joel Greenblatt) % or its related term are showing as below:
BOM:507864'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.8 Med: 9.05 Max: 45.02
Current: 45.02
During the past 13 years, Pioneer Investcorp's highest ROC (Joel Greenblatt) % was 45.02%. The lowest was 4.80%. And the median was 9.05%.
BOM:507864's ROC (Joel Greenblatt) % is ranked better than 51.04% of 674
companies
in the Capital Markets industry
Industry Median: 38.815
vs BOM:507864: 45.02
Pioneer Investcorp's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 46.40% 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.
Pioneer Investcorp ROC (Joel Greenblatt) % Related Terms
Pioneer Investcorp ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Pioneer Investcorp'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:507864 vs MS, GS, SCHW: ROC (Joel Greenblatt) % Comparison
For the Capital Markets subindustry, Pioneer Investcorp'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.
Pioneer Investcorp ROC (Joel Greenblatt) % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Pioneer Investcorp's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Pioneer Investcorp'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 33.81% mean?
Pioneer Investcorp (BOM:507864) has a ROC (Joel Greenblatt) % of 33.81% 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 Pioneer Investcorp and its competitors. This is 274% above median its historical median of 9.05. Over the past decade, Pioneer Investcorp's ROC (Joel Greenblatt) % has ranged from 4.80 to 45.02. According to the industry distribution chart, Pioneer Investcorp ranks #330 out of 674 companies in the Capital Markets industry, placing it in the top 49%.
Is Pioneer Investcorp's ROC (Joel Greenblatt) % too high?
Pioneer Investcorp's current ROC (Joel Greenblatt) % of 33.81% is 274% above median its 10-year median of 9.05. Over the past 10 years, this metric has ranged from a low of 4.80 to a high of 45.02. The Capital Markets industry median ROC (Joel Greenblatt) % is 38.82. Pioneer Investcorp's value of 33.81% is 12.9% below this industry median. Based on the distribution chart, Pioneer Investcorp ranks #330 out of 674 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Pioneer Investcorp has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pioneer Investcorp's ROC (Joel Greenblatt) % compare to MS and GS?
According to the Capital Markets industry distribution chart, Pioneer Investcorp ranks #330 out of 674 companies for ROC (Joel Greenblatt) %. This puts Pioneer Investcorp in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 38.82. Pioneer Investcorp's value of 33.81% is 12.9% below this benchmark. Historically, Pioneer Investcorp's own ROC (Joel Greenblatt) % has ranged from 4.80 to 45.02 over the past decade. While the company's 10-year median is 9.05 vs. the industry median of 38.82, Pioneer Investcorp 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 Capital Markets company?
The median ROC (Joel Greenblatt) % among Capital Markets companies is 38.82, based on 674 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. Pioneer Investcorp's current ROC (Joel Greenblatt) % of 33.81% is 12.9% 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 Pioneer Investcorp and its competitors. For the Capital Markets industry, the median ROC (Joel Greenblatt) % is 38.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pioneer Investcorp's current ROC (Joel Greenblatt) % is 33.81%, which is 274% above median its own 10-year median of 9.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pioneer Investcorp stock overvalued right now?
Based on GuruFocus' analysis, Pioneer Investcorp (BOM:507864) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹63.27, compared to a current price of ₹80.50 — trading 27.2% above its estimated fair value. The current ROC (Joel Greenblatt) % is 33.81%, which is 274% above median its 10-year median of 9.05 and 12.9% below the Capital Markets industry median of 38.82. Pioneer Investcorp's overall GF Score™ is 64/100 with 7 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 Pioneer Investcorp (BOM:507864), the current ROC (Joel Greenblatt) % is 33.81% 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 Pioneer Investcorp (BOM:507864) Overvalued in 2026?
Based on GuruFocus' analysis, Pioneer Investcorp stock appears to be overvalued.
The current stock price of ₹80.50 is trading 27.2% above its estimated GF Value™ of ₹63.27.
GuruFocus considers Pioneer Investcorp to be Modestly Overvalued.
Key valuation signals for BOM:507864:
ROC (Joel Greenblatt) %: 33.81% (274% above median its 10-year median of 9.05)
GF Value™: ₹63.27 vs. price of ₹80.50 (27.2% above fair value)
Industry Position: 12.9% below the Capital Markets median (#330 of 674)
No single metric tells the full story. See the BOM:507864 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pioneer Investcorp Ltd is a financial services company specializing in investment banking and advisory services. The company is a SEBI registered category I Merchant Banker. Its investment banking services include private equity advisory, merchant banking, corporate finance advisory, and strategic alliances, debt syndication, structured transactions, and mergers and acquisitions. The company also deals in products like Treasury Bills, Government securities, State Development Loans, Non-SLR Bonds, Corporate Bonds, and money market instruments like Certificates of Deposit, Commercial Paper, Inter-Corporate Deposits, and Call and notice Money Deposits. It also provides underwriting, claims, reinsurance, and risk management for a diverse set of clients.
64GF Score
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