ITCLUX:ITC 81 ROC (Joel Greenblatt) % is 93.63% as of Mar. 2026, which is 27% above its 10-year median of 73.78. GuruFocus rates LUX:ITC with a GF Score™ of 81/100 and a GF Value™ of $8.81. The stock has 1 warning sign investors should review. Among 47 Tobacco Products companies, ITC ranks better than 63.83% 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. ITC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 93.63%.
The historical rank and industry rank for ITC's ROC (Joel Greenblatt) % or its related term are showing as below:
LUX:ITC'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 63.26 Med: 73.78 Max: 96.68
Current: 94.56
During the past 13 years, ITC's highest ROC (Joel Greenblatt) % was 96.68%. The lowest was 63.26%. And the median was 73.78%.
LUX:ITC's ROC (Joel Greenblatt) % is ranked better than 63.83% of 47
companies
in the Tobacco Products industry
Industry Median: 42.96
vs LUX:ITC: 94.56
ITC's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 7.90% per year.
ITC (LUX:ITC) 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.
The historical data trend for ITC'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.
LUX:ITC vs PM, MO, TPB: ROC (Joel Greenblatt) % Comparison
For the Tobacco subindustry, ITC'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.
ITC ROC (Joel Greenblatt) % vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, ITC's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where ITC'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 93.63% mean?
ITC (LUX:ITC) has a ROC (Joel Greenblatt) % of 93.63% 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 ITC and its competitors. This is 27% above median its historical median of 73.78. Over the past decade, ITC's ROC (Joel Greenblatt) % has ranged from 63.26 to 96.68. According to the industry distribution chart, ITC ranks #17 out of 47 companies in the Tobacco Products industry, placing it in the top 36.2%.
Is ITC's ROC (Joel Greenblatt) % too high?
ITC's current ROC (Joel Greenblatt) % of 93.63% is 27% above median its 10-year median of 73.78. Over the past 10 years, this metric has ranged from a low of 63.26 to a high of 96.68. The Tobacco Products industry median ROC (Joel Greenblatt) % is 42.96. ITC's value of 93.63% is 117.9% above this industry median. Based on the distribution chart, ITC ranks #17 out of 47 companies in the Tobacco Products industry, which is above the industry midpoint. Overall, ITC has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does ITC's ROC (Joel Greenblatt) % compare to PM and MO?
According to the Tobacco Products industry distribution chart, ITC ranks #17 out of 47 companies for ROC (Joel Greenblatt) %. This puts ITC in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 42.96. ITC's value of 93.63% is 117.9% above this benchmark. Historically, ITC's own ROC (Joel Greenblatt) % has ranged from 63.26 to 96.68 over the past decade. While the company's 10-year median is 73.78 vs. the industry median of 42.96, ITC 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 Tobacco Products company?
The median ROC (Joel Greenblatt) % among Tobacco Products companies is 42.96, based on 47 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. ITC's current ROC (Joel Greenblatt) % of 93.63% is 117.9% 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 ITC and its competitors. For the Tobacco Products industry, the median ROC (Joel Greenblatt) % is 42.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ITC's current ROC (Joel Greenblatt) % is 93.63%, which is 27% above median its own 10-year median of 73.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ITC stock overvalued right now?
ITC (LUX:ITC) has a current ROC (Joel Greenblatt) % of 93.63%. The stock's GF Value™ is $8.81, compared to a current price of $5.50 — trading 37.6% below its estimated fair value. The current ROC (Joel Greenblatt) % is 93.63%, which is 27% above median its 10-year median of 73.78 and 117.9% above the Tobacco Products industry median of 42.96. ITC's overall GF Score™ is 81/100 with 1 warning sign 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 ITC (LUX:ITC), the current ROC (Joel Greenblatt) % is 93.63% 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 ITC (LUX:ITC) Overvalued in 2026?
Based on GuruFocus' analysis, ITC stock appears to be undervalued.
The current stock price of $5.50 is trading 37.6% below its estimated GF Value™ of $8.81.
Key valuation signals for LUX:ITC:
ROC (Joel Greenblatt) %: 93.63% (27% above median its 10-year median of 73.78)
GF Value™: $8.81 vs. price of $5.50 (37.6% below fair value)
Industry Position: 117.9% above the Tobacco Products median (#17 of 47)
No single metric tells the full story. See the LUX:ITC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ITC Ltd is an Indian conglomerate that predominantly operates in the consumer goods space, particularly cigarettes. The company operates in three main business segments: Fast Moving Consumer Goods; Paperboards, Paper, and Packaging; and Agri-Business. The company's total revenue comes from the Fast Moving Consumer Goods Business, which is dominated by cigarettes but also includes branded packaged foods, personal care products, and other categories. The company generates the vast majority of its revenue in India.
81GF Score
Get the complete analysis for LUX:ITC
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
LUX:ITC has been successfully added to your 
