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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. Advance Metering Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -37.74%.
The historical rank and industry rank for Advance Metering Technology's ROC (Joel Greenblatt) % or its related term are showing as below:
BOM:534612'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -12.92 Med: -1 Max: 7.61
Current: -12.92
During the past 13 years, Advance Metering Technology's highest ROC (Joel Greenblatt) % was 7.61%. The lowest was -12.92%. And the median was -1.00%.
BOM:534612's ROC (Joel Greenblatt) % is ranked worse than 86.13% of 3065
companies
in the Industrial Products industry
Industry Median: 11.8
vs BOM:534612: -12.92
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.
* 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:534612 vs VRT, BE: ROC (Joel Greenblatt) % Comparison
For the Electrical Equipment & Parts subindustry, Advance Metering Technology'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.
Advance Metering Technology ROC (Joel Greenblatt) % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Advance Metering Technology's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Advance Metering Technology'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 (Mar. 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 -37.74% mean?
Advance Metering Technology (BOM:534612) has a ROC (Joel Greenblatt) % of -37.74% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Advance Metering Technology and its competitors. According to the industry distribution chart, Advance Metering Technology ranks #2640 out of 3065 companies in the Industrial Products industry, placing it in the top 86.1%.
Is Advance Metering Technology's ROC (Joel Greenblatt) % too high?
Advance Metering Technology's current ROC (Joel Greenblatt) % is -37.74%. Based on the distribution chart, Advance Metering Technology ranks #2640 out of 3065 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Advance Metering Technology has a GF Score™ of 57/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Advance Metering Technology's ROC (Joel Greenblatt) % compare to VRT and BE?
According to the Industrial Products industry distribution chart, Advance Metering Technology ranks #2640 out of 3065 companies for ROC (Joel Greenblatt) %. This places Advance Metering Technology in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 11.80. 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 an Industrial Products company?
The median ROC (Joel Greenblatt) % among Industrial Products companies is 11.80, based on 3,065 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. 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 Advance Metering Technology and its competitors. For the Industrial Products industry, the median ROC (Joel Greenblatt) % is 11.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Advance Metering Technology's current ROC (Joel Greenblatt) % is -37.74%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Advance Metering Technology stock overvalued right now?
Based on GuruFocus' analysis, Advance Metering Technology (BOM:534612) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹23.04, compared to a current price of ₹19.50 — trading 15.4% below its estimated fair value. The current ROC (Joel Greenblatt) % is -37.74%. Advance Metering Technology's overall GF Score™ is 57/100 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 Advance Metering Technology (BOM:534612), the current ROC (Joel Greenblatt) % is -37.74% as of Mar. 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 Advance Metering Technology (BOM:534612) Overvalued in 2026?
Based on GuruFocus' analysis, Advance Metering Technology stock appears to be undervalued.
The current stock price of ₹19.50 is trading 15.4% below its estimated GF Value™ of ₹23.04.
GuruFocus considers Advance Metering Technology to be Modestly Undervalued.
Key valuation signals for BOM:534612:
ROC (Joel Greenblatt) %: -37.74%
GF Value™: ₹23.04 vs. price of ₹19.50 (15.4% below fair value)
No single metric tells the full story. See the BOM:534612 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Advance Metering Technology Ltd is engaged in manufacturing and selling energy meters and providing related technical services. It also generates renewable power through windmills and other sources. The company operates in two segments: Renewable Power Generation, which sells electricity generated from wind, and Energy Meters & Others, which includes energy meter sales, rental income, installation services, estate management, and EPC work. Key business areas include meters, smart meters, molding & plastic, contract manufacturing/OEM, CT & LTCT sensors, EMS services, and power generation. The majority of its revenue comes from the Energy Meters & Others segment.
57GF Score
Get the complete analysis for BOM:534612
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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