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Bajaj AutoBOM:532977 +0.45%92 ROC (Joel Greenblatt) % is 226.80% as of Jun. 2026, which is 32% below its 10-year median of 335.99. GuruFocus rates BOM:532977 with a GF Score™ of 92/100 and a GF Value™ of ₹12,178.89 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,336 Vehicles & Parts companies, Bajaj Auto ranks better than 99.63% 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. Bajaj Auto's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 226.80%.
The historical rank and industry rank for Bajaj Auto's ROC (Joel Greenblatt) % or its related term are showing as below:
BOM:532977'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 249.86 Med: 335.99 Max: 447.88
Current: 320.37
During the past 13 years, Bajaj Auto's highest ROC (Joel Greenblatt) % was 447.88%. The lowest was 249.86%. And the median was 335.99%.
BOM:532977's ROC (Joel Greenblatt) % is ranked better than 99.63% of 1336
companies
in the Vehicles & Parts industry
Industry Median: 12.755
vs BOM:532977: 320.37
Bajaj Auto's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -8.90% per year.
Bajaj Auto (BOM:532977) 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.
Bajaj Auto ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Bajaj Auto'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:532977 vs TSLA, GM, F: ROC (Joel Greenblatt) % Comparison
For the Auto Manufacturers subindustry, Bajaj Auto'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 Auto ROC (Joel Greenblatt) % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Bajaj Auto's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Bajaj Auto'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 226.80% mean?
Bajaj Auto (BOM:532977) has a ROC (Joel Greenblatt) % of 226.80% 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 Auto and its competitors. This is 32% below median its historical median of 335.99. Over the past decade, Bajaj Auto's ROC (Joel Greenblatt) % has ranged from 249.86 to 447.88. According to the industry distribution chart, Bajaj Auto ranks #5 out of 1336 companies in the Vehicles & Parts industry, placing it in the top 0.40000000000001%.
Is Bajaj Auto's ROC (Joel Greenblatt) % too high?
Bajaj Auto's current ROC (Joel Greenblatt) % of 226.80% is 32% below median its 10-year median of 335.99. Over the past 10 years, this metric has ranged from a low of 249.86 to a high of 447.88. The Vehicles & Parts industry median ROC (Joel Greenblatt) % is 12.76. Bajaj Auto's value of 226.80% is 1678.1% above this industry median. Based on the distribution chart, Bajaj Auto ranks #5 out of 1336 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Bajaj Auto has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bajaj Auto's ROC (Joel Greenblatt) % compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Bajaj Auto ranks #5 out of 1336 companies for ROC (Joel Greenblatt) %. This places Bajaj Auto in the top 0% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 12.76. Bajaj Auto's value of 226.80% is 1678.1% above this benchmark. Historically, Bajaj Auto's own ROC (Joel Greenblatt) % has ranged from 249.86 to 447.88 over the past decade. While the company's 10-year median is 335.99 vs. the industry median of 12.76, Bajaj Auto 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 Vehicles & Parts company?
The median ROC (Joel Greenblatt) % among Vehicles & Parts companies is 12.76, based on 1,336 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 Auto's current ROC (Joel Greenblatt) % of 226.80% is 1678.1% 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 Auto and its competitors. For the Vehicles & Parts industry, the median ROC (Joel Greenblatt) % is 12.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bajaj Auto's current ROC (Joel Greenblatt) % is 226.80%, which is 32% below median its own 10-year median of 335.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bajaj Auto stock overvalued right now?
Based on GuruFocus' analysis, Bajaj Auto (BOM:532977) is currently considered Fairly Valued. The stock's GF Value™ is ₹12,178.89, compared to a current price of ₹11,772.20 — trading 3.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is 226.80%, which is 32% below median its 10-year median of 335.99 and 1678.1% above the Vehicles & Parts industry median of 12.76. Bajaj Auto's overall GF Score™ is 92/100 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 Auto (BOM:532977), the current ROC (Joel Greenblatt) % is 226.80% 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 Auto (BOM:532977) Overvalued in 2026?
Based on GuruFocus' analysis, Bajaj Auto stock appears to be undervalued.
The current stock price of ₹11,772.20 is trading 3.3% below its estimated GF Value™ of ₹12,178.89.
GuruFocus considers Bajaj Auto to be Fairly Valued.
Key valuation signals for BOM:532977:
ROC (Joel Greenblatt) %: 226.80% (32% below median its 10-year median of 335.99)
GF Value™: ₹12,178.89 vs. price of ₹11,772.20 (3.3% below fair value)
Industry Position: 1678.1% above the Vehicles & Parts median (#5 of 1336)
No single metric tells the full story. See the BOM:532977 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bajaj Auto Ltd is an automotive sales company. The company is engaged in the business of development, manufacturing, and distribution of automobiles such as motorcycles, commercial vehicles, electric vehicles, etc., and parts thereof. The company sells its products in India as well as in various other global markets. It has three business segments Automotive, Investments, Financing and Others. The company derives the majority of its revenue from the Automotive segment.
92GF Score
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