Rafhan Maize Product CoKAR:RMPL +0.22%93 ROC (Joel Greenblatt) % is 52.16% as of Mar. 2026, which is 24% below its 10-year median of 68.57. GuruFocus rates KAR:RMPL with a GF Score™ of 93/100 and a GF Value™ of ₨9,728.75 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,969 Consumer Packaged Goods companies, Rafhan Maize Product Co ranks better than 87.35% 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. Rafhan Maize Product Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 52.16%.
The historical rank and industry rank for Rafhan Maize Product Co's ROC (Joel Greenblatt) % or its related term are showing as below:
KAR:RMPL'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 42.32 Med: 68.57 Max: 95.98
Current: 42.32
During the past 13 years, Rafhan Maize Product Co's highest ROC (Joel Greenblatt) % was 95.98%. The lowest was 42.32%. And the median was 68.57%.
KAR:RMPL's ROC (Joel Greenblatt) % is ranked better than 87.35% of 1969
companies
in the Consumer Packaged Goods industry
Industry Median: 11.99
vs KAR:RMPL: 42.32
Rafhan Maize Product Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -11.90% per year.
Rafhan Maize Product Co (KAR:RMPL) 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.
Rafhan Maize Product Co ROC (Joel Greenblatt) % Related Terms
Rafhan Maize Product Co ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Rafhan Maize Product Co'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.
Rafhan Maize Product Co ROC (Joel Greenblatt) % Chart
KAR:RMPL vs ADM, BG, TSN: ROC (Joel Greenblatt) % Comparison
For the Farm Products subindustry, Rafhan Maize Product Co'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.
Rafhan Maize Product Co ROC (Joel Greenblatt) % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Rafhan Maize Product Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Rafhan Maize Product Co's ROC (Joel Greenblatt) % falls into.
Rafhan Maize Product Co 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 52.16% mean?
Rafhan Maize Product Co (KAR:RMPL) has a ROC (Joel Greenblatt) % of 52.16% 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 Rafhan Maize Product Co and its competitors. This is 24% below median its historical median of 68.57. Over the past decade, Rafhan Maize Product Co's ROC (Joel Greenblatt) % has ranged from 42.32 to 95.98. According to the industry distribution chart, Rafhan Maize Product Co ranks #249 out of 1969 companies in the Consumer Packaged Goods industry, placing it in the top 12.6%.
Is Rafhan Maize Product Co's ROC (Joel Greenblatt) % too high?
Rafhan Maize Product Co's current ROC (Joel Greenblatt) % of 52.16% is 24% below median its 10-year median of 68.57. Over the past 10 years, this metric has ranged from a low of 42.32 to a high of 95.98. The Consumer Packaged Goods industry median ROC (Joel Greenblatt) % is 11.99. Rafhan Maize Product Co's value of 52.16% is 335% above this industry median. Based on the distribution chart, Rafhan Maize Product Co ranks #249 out of 1969 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Rafhan Maize Product Co has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Rafhan Maize Product Co's ROC (Joel Greenblatt) % compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Rafhan Maize Product Co ranks #249 out of 1969 companies for ROC (Joel Greenblatt) %. This places Rafhan Maize Product Co in the top 13% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.99. Rafhan Maize Product Co's value of 52.16% is 335% above this benchmark. Historically, Rafhan Maize Product Co's own ROC (Joel Greenblatt) % has ranged from 42.32 to 95.98 over the past decade. While the company's 10-year median is 68.57 vs. the industry median of 11.99, Rafhan Maize Product Co 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 Consumer Packaged Goods company?
The median ROC (Joel Greenblatt) % among Consumer Packaged Goods companies is 11.99, based on 1,969 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. Rafhan Maize Product Co's current ROC (Joel Greenblatt) % of 52.16% is 335% 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 Rafhan Maize Product Co and its competitors. For the Consumer Packaged Goods industry, the median ROC (Joel Greenblatt) % is 11.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rafhan Maize Product Co's current ROC (Joel Greenblatt) % is 52.16%, which is 24% below median its own 10-year median of 68.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rafhan Maize Product Co stock overvalued right now?
Based on GuruFocus' analysis, Rafhan Maize Product Co (KAR:RMPL) is currently considered Fairly Valued. The stock's GF Value™ is ₨9,728.75, compared to a current price of ₨9,481.08 — trading 2.5% below its estimated fair value. The current ROC (Joel Greenblatt) % is 52.16%, which is 24% below median its 10-year median of 68.57 and 335% above the Consumer Packaged Goods industry median of 11.99. Rafhan Maize Product Co's overall GF Score™ is 93/100 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 Rafhan Maize Product Co (KAR:RMPL), the current ROC (Joel Greenblatt) % is 52.16% 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 Rafhan Maize Product Co (KAR:RMPL) Overvalued in 2026?
Based on GuruFocus' analysis, Rafhan Maize Product Co stock appears to be undervalued.
The current stock price of ₨9,481.08 is trading 2.5% below its estimated GF Value™ of ₨9,728.75.
GuruFocus considers Rafhan Maize Product Co to be Fairly Valued.
Key valuation signals for KAR:RMPL:
ROC (Joel Greenblatt) %: 52.16% (24% below median its 10-year median of 68.57)
GF Value™: ₨9,728.75 vs. price of ₨9,481.08 (2.5% below fair value)
Industry Position: 335% above the Consumer Packaged Goods median (#249 of 1969)
No single metric tells the full story. See the KAR:RMPL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Rafhan Maize Product Co Ltd is involved in the business of using maize as the basic raw material to manufacture and sell industrial products. Its products are Industrial Starches, Liquid Glucose, Dextrose, Dextrin, and Gluten Meals. It supplies its products to textiles, pharmaceuticals, paper, food, baking, confectionery, and other industries. The company sells its products in Pakistan and also exports them to other countries, of which key revenue is derived within Pakistan.
93GF Score
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