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Saif PowerKAR:SPWL -1.40%72 ROC (Joel Greenblatt) % is 5.69% as of Mar. 2026, which is 57% below its 10-year median of 13.19. GuruFocus rates KAR:SPWL with a GF Score™ of 72/100 and a GF Value™ of ₨8.65 (Fairly Valued). The stock has 6 warning signs investors should review. Among 439 Utilities - Independent Power Producers companies, Saif Power ranks worse than 50.57% 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. Saif Power's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 5.69%.
The historical rank and industry rank for Saif Power's ROC (Joel Greenblatt) % or its related term are showing as below:
KAR:SPWL'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 6.32 Med: 13.19 Max: 22.8
Current: 6.32
During the past 13 years, Saif Power's highest ROC (Joel Greenblatt) % was 22.80%. The lowest was 6.32%. And the median was 13.19%.
KAR:SPWL's ROC (Joel Greenblatt) % is ranked worse than 50.57% of 439
companies
in the Utilities - Independent Power Producers industry
Industry Median: 6.34
vs KAR:SPWL: 6.32
Saif Power's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -10.60% per year.
Saif Power (KAR:SPWL) 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.
Saif Power ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Saif 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.
KAR:SPWL vs CEG, VST, NRG: ROC (Joel Greenblatt) % Comparison
For the Utilities - Independent Power Producers subindustry, Saif 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.
Saif Power ROC (Joel Greenblatt) % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Saif Power's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Saif Power'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 5.69% mean?
Saif Power (KAR:SPWL) has a ROC (Joel Greenblatt) % of 5.69% 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 Saif Power and its competitors. This is 57% below median its historical median of 13.19. Over the past decade, Saif Power's ROC (Joel Greenblatt) % has ranged from 6.32 to 22.80. According to the industry distribution chart, Saif Power ranks #222 out of 439 companies in the Utilities - Independent Power Producers industry, placing it in the top 50.6%.
Is Saif Power's ROC (Joel Greenblatt) % too high?
Saif Power's current ROC (Joel Greenblatt) % of 5.69% is 57% below median its 10-year median of 13.19. Over the past 10 years, this metric has ranged from a low of 6.32 to a high of 22.80. The Utilities - Independent Power Producers industry median ROC (Joel Greenblatt) % is 6.34. Saif Power's value of 5.69% is 10.3% below this industry median. Based on the distribution chart, Saif Power ranks #222 out of 439 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, Saif Power has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Saif Power's ROC (Joel Greenblatt) % compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Saif Power ranks #222 out of 439 companies for ROC (Joel Greenblatt) %. This places Saif Power in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 6.34. Saif Power's value of 5.69% is 10.3% below this benchmark. Historically, Saif Power's own ROC (Joel Greenblatt) % has ranged from 6.32 to 22.80 over the past decade. While the company's 10-year median is 13.19 vs. the industry median of 6.34, Saif Power 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 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. Saif Power's current ROC (Joel Greenblatt) % of 5.69% is 10.3% 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 Saif 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. Saif Power's current ROC (Joel Greenblatt) % is 5.69%, which is 57% below median its own 10-year median of 13.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saif Power stock overvalued right now?
Based on GuruFocus' analysis, Saif Power (KAR:SPWL) is currently considered Fairly Valued. The stock's GF Value™ is ₨8.65, compared to a current price of ₨9.16 — trading 5.9% above its estimated fair value. The current ROC (Joel Greenblatt) % is 5.69%, which is 57% below median its 10-year median of 13.19 and 10.3% below the Utilities - Independent Power Producers industry median of 6.34. Saif Power's overall GF Score™ is 72/100 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 Saif Power (KAR:SPWL), the current ROC (Joel Greenblatt) % is 5.69% 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 Saif Power (KAR:SPWL) Overvalued in 2026?
Based on GuruFocus' analysis, Saif Power stock appears to be overvalued.
The current stock price of ₨9.16 is trading 5.9% above its estimated GF Value™ of ₨8.65.
GuruFocus considers Saif Power to be Fairly Valued.
Key valuation signals for KAR:SPWL:
ROC (Joel Greenblatt) %: 5.69% (57% below median its 10-year median of 13.19)
GF Value™: ₨8.65 vs. price of ₨9.16 (5.9% above fair value)
Industry Position: 10.3% below the Utilities - Independent Power Producers median (#222 of 439)
No single metric tells the full story. See the KAR:SPWL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Saif Power Ltd is an independent power producer based in Pakistan. Its principal activities are to own, operate and maintain a combined cycle power plant and sell the electricity to Central Power Purchasing Agency Guarantee (CPPA-G).
72GF Score
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