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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. Aban Offshore's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 34.40%.
The historical rank and industry rank for Aban Offshore's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:ABAN'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -111.8 Med: -18.15 Max: 74.38
Current: 16.92
During the past 13 years, Aban Offshore's highest ROC (Joel Greenblatt) % was 74.38%. The lowest was -111.80%. And the median was -18.15%.
NSE:ABAN's ROC (Joel Greenblatt) % is ranked better than 67.96% of 1008
companies
in the Oil & Gas industry
Industry Median: 8.71
vs NSE:ABAN: 16.92
Aban Offshore'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.
Aban Offshore ROC (Joel Greenblatt) % Related Terms
Aban Offshore ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Aban Offshore'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.
NSE:ABAN vs NE, RIG, VAL: ROC (Joel Greenblatt) % Comparison
For the Oil & Gas Drilling subindustry, Aban Offshore'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.
Aban Offshore ROC (Joel Greenblatt) % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Aban Offshore's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Aban Offshore'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 (Dec. 2025) 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 34.40% mean?
Aban Offshore (NSE:ABAN) has a ROC (Joel Greenblatt) % of 34.40% as of Dec. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Aban Offshore and its competitors. According to the industry distribution chart, Aban Offshore ranks #323 out of 1008 companies in the Oil & Gas industry, placing it in the top 32%.
Is Aban Offshore's ROC (Joel Greenblatt) % too high?
Aban Offshore's current ROC (Joel Greenblatt) % is 34.40%. The Oil & Gas industry median ROC (Joel Greenblatt) % is 8.71. Aban Offshore's value of 34.40% is 294.9% above this industry median. Based on the distribution chart, Aban Offshore ranks #323 out of 1008 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Aban Offshore has a GF Score™ of 34/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Aban Offshore's ROC (Joel Greenblatt) % compare to NE and RIG?
According to the Oil & Gas industry distribution chart, Aban Offshore ranks #323 out of 1008 companies for ROC (Joel Greenblatt) %. This puts Aban Offshore in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 8.71. Aban Offshore's value of 34.40% is 294.9% above this benchmark. 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 Oil & Gas company?
The median ROC (Joel Greenblatt) % among Oil & Gas companies is 8.71, based on 1,008 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. Aban Offshore's current ROC (Joel Greenblatt) % of 34.40% is 294.9% 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 Aban Offshore and its competitors. For the Oil & Gas industry, the median ROC (Joel Greenblatt) % is 8.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aban Offshore's current ROC (Joel Greenblatt) % is 34.40%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aban Offshore stock overvalued right now?
Based on GuruFocus' analysis, Aban Offshore (NSE:ABAN) is currently considered Possible Value Trap. The stock's GF Value™ is ₹45.27, compared to a current price of ₹19.21 — trading 57.6% below its estimated fair value. The current ROC (Joel Greenblatt) % is 34.40% and 294.9% above the Oil & Gas industry median of 8.71. Aban Offshore's overall GF Score™ is 34/100 with 7 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 Aban Offshore (NSE:ABAN), the current ROC (Joel Greenblatt) % is 34.40% as of Dec. 2025. 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 Aban Offshore (NSE:ABAN) Overvalued in 2026?
Based on GuruFocus' analysis, Aban Offshore stock appears to be undervalued.
The current stock price of ₹19.21 is trading 57.6% below its estimated GF Value™ of ₹45.27.
GuruFocus considers Aban Offshore to be Possible Value Trap.
Key valuation signals for NSE:ABAN:
ROC (Joel Greenblatt) %: 34.40%
GF Value™: ₹45.27 vs. price of ₹19.21 (57.6% below fair value)
Industry Position: 294.9% above the Oil & Gas median (#323 of 1008)
No single metric tells the full story. See the NSE:ABAN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aban Offshore Ltd is an Indian company engaged in the business of providing offshore drilling and production services to companies engaged in the exploration, development, and production of oil and gas both in domestic and international markets. It generates maximum revenue from drilling services. It serves Southeast Asia, South Asia, Latin America, West Africa, and the Middle East.
34GF Score
Get the complete analysis for NSE:ABAN
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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