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Nishat Chunian PowerKAR:NCPL -0.96%59 ROC (Joel Greenblatt) % is 25.74% as of Mar. 2026, which is 35% above its 10-year median of 19.01. GuruFocus rates KAR:NCPL with a GF Score™ of 59/100 and a GF Value™ of ₨13.91 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 439 Utilities - Independent Power Producers companies, Nishat Chunian Power ranks better than 76.31% 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. Nishat Chunian Power's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 25.74%.
The historical rank and industry rank for Nishat Chunian Power's ROC (Joel Greenblatt) % or its related term are showing as below:
KAR:NCPL'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -17.96 Med: 19.01 Max: 23.14
Current: 15.73
During the past 13 years, Nishat Chunian Power's highest ROC (Joel Greenblatt) % was 23.14%. The lowest was -17.96%. And the median was 19.01%.
KAR:NCPL's ROC (Joel Greenblatt) % is ranked better than 76.31% of 439
companies
in the Utilities - Independent Power Producers industry
Industry Median: 6.34
vs KAR:NCPL: 15.73
Nishat Chunian Power's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Nishat Chunian Power (KAR:NCPL) 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.
Nishat Chunian Power ROC (Joel Greenblatt) % Related Terms
Nishat Chunian Power ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Nishat Chunian Power'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.
Nishat Chunian Power ROC (Joel Greenblatt) % Chart
KAR:NCPL vs CEG, VST, NRG: ROC (Joel Greenblatt) % Comparison
For the Utilities - Independent Power Producers subindustry, Nishat Chunian Power'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.
Nishat Chunian Power ROC (Joel Greenblatt) % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Nishat Chunian Power's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Nishat Chunian Power's ROC (Joel Greenblatt) % falls into.
Nishat Chunian Power ROC (Joel Greenblatt) % Calculation
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 25.74% mean?
Nishat Chunian Power (KAR:NCPL) has a ROC (Joel Greenblatt) % of 25.74% 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 Nishat Chunian Power and its competitors. This is 35% above median its historical median of 19.01. According to the industry distribution chart, Nishat Chunian Power ranks #104 out of 439 companies in the Utilities - Independent Power Producers industry, placing it in the top 23.7%.
Is Nishat Chunian Power's ROC (Joel Greenblatt) % too high?
Nishat Chunian Power's current ROC (Joel Greenblatt) % of 25.74% is 35% above median its 10-year median of 19.01. The Utilities - Independent Power Producers industry median ROC (Joel Greenblatt) % is 6.34. Nishat Chunian Power's value of 25.74% is 306% above this industry median. Based on the distribution chart, Nishat Chunian Power ranks #104 out of 439 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Nishat Chunian Power has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nishat Chunian Power's ROC (Joel Greenblatt) % compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Nishat Chunian Power ranks #104 out of 439 companies for ROC (Joel Greenblatt) %. This places Nishat Chunian Power in the top 24% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 6.34. Nishat Chunian Power's value of 25.74% is 306% above this benchmark. While the company's 10-year median is 19.01 vs. the industry median of 6.34, Nishat Chunian Power 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 an Utilities - Independent Power Producers company?
The median ROC (Joel Greenblatt) % among Utilities - Independent Power Producers companies is 6.34, based on 439 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. Nishat Chunian Power's current ROC (Joel Greenblatt) % of 25.74% is 306% 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 Nishat Chunian Power and its competitors. For the Utilities - Independent Power Producers industry, the median ROC (Joel Greenblatt) % is 6.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nishat Chunian Power's current ROC (Joel Greenblatt) % is 25.74%, which is 35% above median its own 10-year median of 19.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nishat Chunian Power stock overvalued right now?
Based on GuruFocus' analysis, Nishat Chunian Power (KAR:NCPL) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨13.91, compared to a current price of ₨56.45 — trading 305.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is 25.74%, which is 35% above median its 10-year median of 19.01 and 306% above the Utilities - Independent Power Producers industry median of 6.34. Nishat Chunian Power's overall GF Score™ is 59/100 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 Nishat Chunian Power (KAR:NCPL), the current ROC (Joel Greenblatt) % is 25.74% 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 Nishat Chunian Power (KAR:NCPL) Overvalued in 2026?
Based on GuruFocus' analysis, Nishat Chunian Power stock appears to be overvalued.
The current stock price of ₨56.45 is trading 305.8% above its estimated GF Value™ of ₨13.91.
GuruFocus considers Nishat Chunian Power to be Significantly Overvalued.
Key valuation signals for KAR:NCPL:
ROC (Joel Greenblatt) %: 25.74% (35% above median its 10-year median of 19.01)
GF Value™: ₨13.91 vs. price of ₨56.45 (305.8% above fair value)
Industry Position: 306% above the Utilities - Independent Power Producers median (#104 of 439)
No single metric tells the full story. See the KAR:NCPL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nishat Chunian Power Ltd is a power generation company. The main activity of the company is to build, own, operate and maintain a fuel-fired power station. It generates revenue from the supply of electricity in Pakistan.
59GF Score
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