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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. Markolines Pavement Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 21.26%.
The historical rank and industry rank for Markolines Pavement Technologies's ROC (Joel Greenblatt) % or its related term are showing as below:
BOM:543364'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 13.04 Med: 22.67 Max: 28.78
Current: 24.28
During the past 8 years, Markolines Pavement Technologies's highest ROC (Joel Greenblatt) % was 28.78%. The lowest was 13.04%. And the median was 22.67%.
BOM:543364's ROC (Joel Greenblatt) % is ranked better than 56.32% of 1788
companies
in the Construction industry
Industry Median: 19.305
vs BOM:543364: 24.28
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.
For the Infrastructure Operations subindustry, Markolines Pavement Technologies'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.
Markolines Pavement Technologies ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Markolines Pavement Technologies's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Markolines Pavement Technologies'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 21.26% mean?
Markolines Pavement Technologies (BOM:543364) has a ROC (Joel Greenblatt) % of 21.26% 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 Markolines Pavement Technologies and its competitors. This is near median its historical median of 22.67. Over the past decade, Markolines Pavement Technologies' ROC (Joel Greenblatt) % has ranged from 13.04 to 28.78. According to the industry distribution chart, Markolines Pavement Technologies ranks #781 out of 1788 companies in the Construction industry, placing it in the top 43.7%.
Is Markolines Pavement Technologies' ROC (Joel Greenblatt) % too high?
Markolines Pavement Technologies' current ROC (Joel Greenblatt) % of 21.26% is near median its 10-year median of 22.67. Over the past 10 years, this metric has ranged from a low of 13.04 to a high of 28.78. The Construction industry median ROC (Joel Greenblatt) % is 19.31. Markolines Pavement Technologies' value of 21.26% is 10.1% above this industry median. Based on the distribution chart, Markolines Pavement Technologies ranks #781 out of 1788 companies in the Construction industry, which is above the industry midpoint. Overall, Markolines Pavement Technologies has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Markolines Pavement Technologies' ROC (Joel Greenblatt) % compare to competitors?
According to the Construction industry distribution chart, Markolines Pavement Technologies ranks #781 out of 1788 companies for ROC (Joel Greenblatt) %. This puts Markolines Pavement Technologies in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 19.31. Markolines Pavement Technologies' value of 21.26% is 10.1% above this benchmark. Historically, Markolines Pavement Technologies' own ROC (Joel Greenblatt) % has ranged from 13.04 to 28.78 over the past decade. While the company's 10-year median is 22.67 vs. the industry median of 19.31, Markolines Pavement Technologies 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 Construction company?
The median ROC (Joel Greenblatt) % among Construction companies is 19.31, based on 1,788 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. Markolines Pavement Technologies's current ROC (Joel Greenblatt) % of 21.26% is 10.1% 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 Markolines Pavement Technologies and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Markolines Pavement Technologies's current ROC (Joel Greenblatt) % is 21.26%, which is near median its own 10-year median of 22.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Markolines Pavement Technologies stock overvalued right now?
Based on GuruFocus' analysis, Markolines Pavement Technologies (BOM:543364) is currently considered Fairly Valued. The stock's GF Value™ is ₹168.29, compared to a current price of ₹173.40 — trading 3% above its estimated fair value. The current ROC (Joel Greenblatt) % is 21.26%, which is near median its 10-year median of 22.67 and 10.1% above the Construction industry median of 19.31. Markolines Pavement Technologies' overall GF Score™ is 84/100 with 8 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 Markolines Pavement Technologies (BOM:543364), the current ROC (Joel Greenblatt) % is 21.26% 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 Markolines Pavement Technologies (BOM:543364) Overvalued in 2026?
Based on GuruFocus' analysis, Markolines Pavement Technologies stock appears to be overvalued.
The current stock price of ₹173.40 is trading 3% above its estimated GF Value™ of ₹168.29.
GuruFocus considers Markolines Pavement Technologies to be Fairly Valued.
Key valuation signals for BOM:543364:
ROC (Joel Greenblatt) %: 21.26% (near median its 10-year median of 22.67)
GF Value™: ₹168.29 vs. price of ₹173.40 (3% above fair value)
Industry Position: 10.1% above the Construction median (#781 of 1788)
No single metric tells the full story. See the BOM:543364 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Markolines Pavement Technologies Ltd is a highway operation and maintenance service providing company. Its operations are mainly divided into Highway Operations which include toll operations, route patrolling, and incident management; the Highway Maintenance division includes routine maintenance, preventive maintenance, and maintenance and repairs and whereas the specialized Maintenance Services include micro-surfacing, Base Stabilization, and cold in-place recycling.
84GF Score
Get the complete analysis for BOM:543364
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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