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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. Aditya Birla Fashion and Retail's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -3.21%.
The historical rank and industry rank for Aditya Birla Fashion and Retail's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:ABFRL'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -10.88 Med: 7.69 Max: 47.71
Current: -7.56
During the past 13 years, Aditya Birla Fashion and Retail's highest ROC (Joel Greenblatt) % was 47.71%. The lowest was -10.88%. And the median was 7.69%.
NSE:ABFRL's ROC (Joel Greenblatt) % is ranked worse than 83.13% of 1061
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 8.45
vs NSE:ABFRL: -7.56
Aditya Birla Fashion and Retail (NSE:ABFRL) 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.
* 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.
Aditya Birla Fashion and Retail ROC (Joel Greenblatt) % Chart
NSE:ABFRL vs RL, LEVI, VFC: ROC (Joel Greenblatt) % Comparison
For the Apparel Manufacturing subindustry, Aditya Birla Fashion and Retail'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.
Aditya Birla Fashion and Retail ROC (Joel Greenblatt) % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Aditya Birla Fashion and Retail's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Aditya Birla Fashion and Retail's ROC (Joel Greenblatt) % falls into.
Aditya Birla Fashion and Retail 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 -3.21% mean?
Aditya Birla Fashion and Retail (NSE:ABFRL) has a ROC (Joel Greenblatt) % of -3.21% 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 Aditya Birla Fashion and Retail and its competitors. According to the industry distribution chart, Aditya Birla Fashion and Retail ranks #882 out of 1061 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 83.1%.
Is Aditya Birla Fashion and Retail's ROC (Joel Greenblatt) % too high?
Aditya Birla Fashion and Retail's current ROC (Joel Greenblatt) % is -3.21%. Based on the distribution chart, Aditya Birla Fashion and Retail ranks #882 out of 1061 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Aditya Birla Fashion and Retail has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Aditya Birla Fashion and Retail's ROC (Joel Greenblatt) % compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Aditya Birla Fashion and Retail ranks #882 out of 1061 companies for ROC (Joel Greenblatt) %. This places Aditya Birla Fashion and Retail in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 8.45. 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 Manufacturing - Apparel & Accessories company?
The median ROC (Joel Greenblatt) % among Manufacturing - Apparel & Accessories companies is 8.45, based on 1,061 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. 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 Aditya Birla Fashion and Retail and its competitors. For the Manufacturing - Apparel & Accessories industry, the median ROC (Joel Greenblatt) % is 8.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aditya Birla Fashion and Retail's current ROC (Joel Greenblatt) % is -3.21%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aditya Birla Fashion and Retail stock overvalued right now?
Based on GuruFocus' analysis, Aditya Birla Fashion and Retail (NSE:ABFRL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹78.76, compared to a current price of ₹57.05 — trading 27.6% below its estimated fair value. The current ROC (Joel Greenblatt) % is -3.21%. Aditya Birla Fashion and Retail's overall GF Score™ is 68/100 with 3 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 Aditya Birla Fashion and Retail (NSE:ABFRL), the current ROC (Joel Greenblatt) % is -3.21% 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 Aditya Birla Fashion and Retail (NSE:ABFRL) Overvalued in 2026?
Based on GuruFocus' analysis, Aditya Birla Fashion and Retail stock appears to be undervalued.
The current stock price of ₹57.05 is trading 27.6% below its estimated GF Value™ of ₹78.76.
GuruFocus considers Aditya Birla Fashion and Retail to be Modestly Undervalued.
Key valuation signals for NSE:ABFRL:
ROC (Joel Greenblatt) %: -3.21%
GF Value™: ₹78.76 vs. price of ₹57.05 (27.6% below fair value)
No single metric tells the full story. See the NSE:ABFRL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aditya Birla Fashion and Retail Business Description
Aditya Birla Fashion and Retail Ltd manufactures and retails branded apparel and runs a chain of apparels and accessories retail stores in India. It offers Clothing products, Handbags, Cosmetics, Perfumes, Fashion, Jewellery and Watches, among other products. The company's key brands include Louis Philippe, Van Heusen, Allen Solly and Peter England. The operating segments of the group are: Ethnic & Others that Manufacturing, distribution and retailing of branded fashion apparel and accessories; and Pantaloons which involves retailing of apparel and accessories. Geographically, the group has a business presence in India and Outside India, from which it generates a majority of its revenue in India.
68GF Score
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