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Linde BangladeshDHA:LINDEBD +0.01%78 ROC (Joel Greenblatt) % is 20.89% as of Mar. 2026, which is 49% below its 10-year median of 40.83. GuruFocus rates DHA:LINDEBD with a GF Score™ of 78/100 and a GF Value™ of BDT838.08 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,604 Chemicals companies, Linde Bangladesh ranks better than 72.13% 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. Linde Bangladesh's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 20.89%.
The historical rank and industry rank for Linde Bangladesh's ROC (Joel Greenblatt) % or its related term are showing as below:
DHA:LINDEBD'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 9.96 Med: 40.83 Max: 282.84
Current: 18.63
During the past 13 years, Linde Bangladesh's highest ROC (Joel Greenblatt) % was 282.84%. The lowest was 9.96%. And the median was 40.83%.
DHA:LINDEBD's ROC (Joel Greenblatt) % is ranked better than 72.13% of 1604
companies
in the Chemicals industry
Industry Median: 9.565
vs DHA:LINDEBD: 18.63
Linde Bangladesh's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 1.70% 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.
Linde Bangladesh ROC (Joel Greenblatt) % Related Terms
Linde Bangladesh ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Linde Bangladesh'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.
DHA:LINDEBD vs LIN, SHW, ECL: ROC (Joel Greenblatt) % Comparison
For the Specialty Chemicals subindustry, Linde Bangladesh'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.
Linde Bangladesh ROC (Joel Greenblatt) % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Linde Bangladesh's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Linde Bangladesh'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 20.89% mean?
Linde Bangladesh (DHA:LINDEBD) has a ROC (Joel Greenblatt) % of 20.89% 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 Linde Bangladesh and its competitors. This is 49% below median its historical median of 40.83. Over the past decade, Linde Bangladesh's ROC (Joel Greenblatt) % has ranged from 9.96 to 282.84. According to the industry distribution chart, Linde Bangladesh ranks #447 out of 1604 companies in the Chemicals industry, placing it in the top 27.9%.
Is Linde Bangladesh's ROC (Joel Greenblatt) % too high?
Linde Bangladesh's current ROC (Joel Greenblatt) % of 20.89% is 49% below median its 10-year median of 40.83. Over the past 10 years, this metric has ranged from a low of 9.96 to a high of 282.84. The Chemicals industry median ROC (Joel Greenblatt) % is 9.57. Linde Bangladesh's value of 20.89% is 118.4% above this industry median. Based on the distribution chart, Linde Bangladesh ranks #447 out of 1604 companies in the Chemicals industry, which is above the industry midpoint. Overall, Linde Bangladesh has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Linde Bangladesh's ROC (Joel Greenblatt) % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Linde Bangladesh ranks #447 out of 1604 companies for ROC (Joel Greenblatt) %. This puts Linde Bangladesh in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 9.57. Linde Bangladesh's value of 20.89% is 118.4% above this benchmark. Historically, Linde Bangladesh's own ROC (Joel Greenblatt) % has ranged from 9.96 to 282.84 over the past decade. While the company's 10-year median is 40.83 vs. the industry median of 9.57, Linde Bangladesh 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 Chemicals company?
The median ROC (Joel Greenblatt) % among Chemicals companies is 9.57, based on 1,604 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. Linde Bangladesh's current ROC (Joel Greenblatt) % of 20.89% is 118.4% 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 Linde Bangladesh and its competitors. For the Chemicals industry, the median ROC (Joel Greenblatt) % is 9.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Linde Bangladesh's current ROC (Joel Greenblatt) % is 20.89%, which is 49% below median its own 10-year median of 40.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Linde Bangladesh stock overvalued right now?
Based on GuruFocus' analysis, Linde Bangladesh (DHA:LINDEBD) is currently considered Modestly Undervalued. The stock's GF Value™ is BDT838.08, compared to a current price of BDT724.20 — trading 13.6% below its estimated fair value. The current ROC (Joel Greenblatt) % is 20.89%, which is 49% below median its 10-year median of 40.83 and 118.4% above the Chemicals industry median of 9.57. Linde Bangladesh's overall GF Score™ is 78/100 with 4 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 Linde Bangladesh (DHA:LINDEBD), the current ROC (Joel Greenblatt) % is 20.89% 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 Linde Bangladesh (DHA:LINDEBD) Overvalued in 2026?
Based on GuruFocus' analysis, Linde Bangladesh stock appears to be undervalued.
The current stock price of BDT724.20 is trading 13.6% below its estimated GF Value™ of BDT838.08.
GuruFocus considers Linde Bangladesh to be Modestly Undervalued.
Key valuation signals for DHA:LINDEBD:
ROC (Joel Greenblatt) %: 20.89% (49% below median its 10-year median of 40.83)
GF Value™: BDT838.08 vs. price of BDT724.20 (13.6% below fair value)
Industry Position: 118.4% above the Chemicals median (#447 of 1604)
No single metric tells the full story. See the DHA:LINDEBD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Linde Bangladesh Ltd is a multinational industrial and medical gases company. The company provides products and services within a specific economic environment and supplies customers across a wide spectrum of industries ranging from chemicals and petrochemicals to steel. It operates 2 Air Separation Units (ASUs), 2 carbon dioxide manufacturing plants, and a DA manufacturing plant in the country. It serves various end markets such as chemicals and energy, food, beverage, electronics, healthcare, manufacturing, metals, defense, infrastructure, aerospace, and institutions. Its segments include Bulk Gases; Packaged Gas and Products; and the Healthcare business, which generates maximum revenue and comprises various medical gases, medical equipment, and medical pipelines.
78GF 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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