Aisha Steel MillsKAR:ASL +1.59%57 ROC (Joel Greenblatt) % is 4.98% as of Mar. 2026, which is 40% below its 10-year median of 8.24. GuruFocus rates KAR:ASL with a GF Score™ of 57/100 and a GF Value™ of ₨13.09 (Fairly Valued). The stock has 6 warning signs investors should review. Among 631 Steel companies, Aisha Steel Mills ranks worse than 54.99% 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. Aisha Steel Mills's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 4.98%.
The historical rank and industry rank for Aisha Steel Mills's ROC (Joel Greenblatt) % or its related term are showing as below:
KAR:ASL'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -4.2 Med: 8.24 Max: 39.29
Current: 6.06
During the past 13 years, Aisha Steel Mills's highest ROC (Joel Greenblatt) % was 39.29%. The lowest was -4.20%. And the median was 8.24%.
KAR:ASL's ROC (Joel Greenblatt) % is ranked worse than 54.99% of 631
companies
in the Steel industry
Industry Median: 6.97
vs KAR:ASL: 6.06
Aisha Steel Mills's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% 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.
Aisha Steel Mills ROC (Joel Greenblatt) % Related Terms
Aisha Steel Mills ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Aisha Steel Mills'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.
KAR:ASL vs NUE, STLD, RS: ROC (Joel Greenblatt) % Comparison
For the Steel subindustry, Aisha Steel Mills'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.
Aisha Steel Mills ROC (Joel Greenblatt) % vs Steel Industry
For the Steel industry and Basic Materials sector, Aisha Steel Mills's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Aisha Steel Mills'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 4.98% mean?
Aisha Steel Mills (KAR:ASL) has a ROC (Joel Greenblatt) % of 4.98% 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 Aisha Steel Mills and its competitors. This is 40% below median its historical median of 8.24. According to the industry distribution chart, Aisha Steel Mills ranks #347 out of 631 companies in the Steel industry, placing it in the top 55%.
Is Aisha Steel Mills' ROC (Joel Greenblatt) % too high?
Aisha Steel Mills' current ROC (Joel Greenblatt) % of 4.98% is 40% below median its 10-year median of 8.24. The Steel industry median ROC (Joel Greenblatt) % is 6.97. Aisha Steel Mills' value of 4.98% is 28.6% below this industry median. Based on the distribution chart, Aisha Steel Mills ranks #347 out of 631 companies in the Steel industry, which is below the industry midpoint. Overall, Aisha Steel Mills has a GF Score™ of 57/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Aisha Steel Mills' ROC (Joel Greenblatt) % compare to NUE and STLD?
According to the Steel industry distribution chart, Aisha Steel Mills ranks #347 out of 631 companies for ROC (Joel Greenblatt) %. This places Aisha Steel Mills in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 6.97. Aisha Steel Mills' value of 4.98% is 28.6% below this benchmark. While the company's 10-year median is 8.24 vs. the industry median of 6.97, Aisha Steel Mills 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 Steel company?
The median ROC (Joel Greenblatt) % among Steel companies is 6.97, based on 631 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. Aisha Steel Mills's current ROC (Joel Greenblatt) % of 4.98% is 28.6% 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 Aisha Steel Mills and its competitors. For the Steel industry, the median ROC (Joel Greenblatt) % is 6.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aisha Steel Mills's current ROC (Joel Greenblatt) % is 4.98%, which is 40% below median its own 10-year median of 8.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aisha Steel Mills stock overvalued right now?
Based on GuruFocus' analysis, Aisha Steel Mills (KAR:ASL) is currently considered Fairly Valued. The stock's GF Value™ is ₨13.09, compared to a current price of ₨13.40 — trading 2.4% above its estimated fair value. The current ROC (Joel Greenblatt) % is 4.98%, which is 40% below median its 10-year median of 8.24 and 28.6% below the Steel industry median of 6.97. Aisha Steel Mills' overall GF Score™ is 57/100 with 6 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 Aisha Steel Mills (KAR:ASL), the current ROC (Joel Greenblatt) % is 4.98% 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 Aisha Steel Mills (KAR:ASL) Overvalued in 2026?
Based on GuruFocus' analysis, Aisha Steel Mills stock appears to be overvalued.
The current stock price of ₨13.40 is trading 2.4% above its estimated GF Value™ of ₨13.09.
GuruFocus considers Aisha Steel Mills to be Fairly Valued.
Key valuation signals for KAR:ASL:
ROC (Joel Greenblatt) %: 4.98% (40% below median its 10-year median of 8.24)
GF Value™: ₨13.09 vs. price of ₨13.40 (2.4% above fair value)
Industry Position: 28.6% below the Steel median (#347 of 631)
No single metric tells the full story. See the KAR:ASL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aisha Steel Mills Ltd is involved in manufacturing and selling cold rolled steel coils and sheets to the industrial, engineering, and manufacturing industries in Pakistan. Its product offerings include hot-dipped galvanized steel coils, cold-rolled steel coils, and others. The company geographically operates in Pakistan, North America, Middle East, Europe and Asia. The majority of revenue is derived from Pakistan.
57GF Score
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