Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Alpex SolarNSE:ALPEXSOLAR -1.38%47 ROC (Joel Greenblatt) % is 41.67% as of Mar. 2026, which is 52% above its 10-year median of 27.35. GuruFocus rates NSE:ALPEXSOLAR with a GF Score™ of 47/100. The stock has 2 warning signs investors should review. Among 1,028 Semiconductors companies, Alpex Solar ranks better than 86.38% 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. Alpex Solar's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 41.67%.
The historical rank and industry rank for Alpex Solar's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:ALPEXSOLAR'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 7.06 Med: 27.35 Max: 68.33
Current: 60.23
During the past 6 years, Alpex Solar's highest ROC (Joel Greenblatt) % was 68.33%. The lowest was 7.06%. And the median was 27.35%.
NSE:ALPEXSOLAR's ROC (Joel Greenblatt) % is ranked better than 86.38% of 1028
companies
in the Semiconductors industry
Industry Median: 8.64
vs NSE:ALPEXSOLAR: 60.23
Alpex Solar's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 53.70% per year.
Alpex Solar (NSE:ALPEXSOLAR) 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.
Alpex Solar ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Alpex Solar'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:ALPEXSOLAR vs FSLR, NXT, ENPH: ROC (Joel Greenblatt) % Comparison
For the Solar subindustry, Alpex Solar'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.
Alpex Solar ROC (Joel Greenblatt) % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Alpex Solar's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Alpex Solar'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 41.67% mean?
Alpex Solar (NSE:ALPEXSOLAR) has a ROC (Joel Greenblatt) % of 41.67% 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 Alpex Solar and its competitors. This is 52% above median its historical median of 27.35. Over the past decade, Alpex Solar's ROC (Joel Greenblatt) % has ranged from 7.06 to 68.33. According to the industry distribution chart, Alpex Solar ranks #140 out of 1028 companies in the Semiconductors industry, placing it in the top 13.6%.
Is Alpex Solar's ROC (Joel Greenblatt) % too high?
Alpex Solar's current ROC (Joel Greenblatt) % of 41.67% is 52% above median its 10-year median of 27.35. Over the past 10 years, this metric has ranged from a low of 7.06 to a high of 68.33. The Semiconductors industry median ROC (Joel Greenblatt) % is 8.64. Alpex Solar's value of 41.67% is 382.3% above this industry median. Based on the distribution chart, Alpex Solar ranks #140 out of 1028 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Alpex Solar has a GF Score™ of 47/100, reflecting its overall financial health beyond just this single metric.
How does Alpex Solar's ROC (Joel Greenblatt) % compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Alpex Solar ranks #140 out of 1028 companies for ROC (Joel Greenblatt) %. This places Alpex Solar in the top 14% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 8.64. Alpex Solar's value of 41.67% is 382.3% above this benchmark. Historically, Alpex Solar's own ROC (Joel Greenblatt) % has ranged from 7.06 to 68.33 over the past decade. While the company's 10-year median is 27.35 vs. the industry median of 8.64, Alpex Solar 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 Semiconductors company?
The median ROC (Joel Greenblatt) % among Semiconductors companies is 8.64, based on 1,028 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. Alpex Solar's current ROC (Joel Greenblatt) % of 41.67% is 382.3% 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 Alpex Solar and its competitors. For the Semiconductors industry, the median ROC (Joel Greenblatt) % is 8.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alpex Solar's current ROC (Joel Greenblatt) % is 41.67%, which is 52% above median its own 10-year median of 27.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alpex Solar stock overvalued right now?
Alpex Solar (NSE:ALPEXSOLAR) has a current ROC (Joel Greenblatt) % of 41.67%. The current ROC (Joel Greenblatt) % is 41.67%, which is 52% above median its 10-year median of 27.35 and 382.3% above the Semiconductors industry median of 8.64. Alpex Solar's overall GF Score™ is 47/100 with 2 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 Alpex Solar (NSE:ALPEXSOLAR), the current ROC (Joel Greenblatt) % is 41.67% 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.
Alpex Solar Ltd is a solar photovoltaic (PV) module manufacturer in India. Its PV modules are manufactured using both monocrystalline and polycrystalline cell technologies. The company portfolio of solar energy products consists of bifacial, mono PERC, Halfcut solar PV modules, and also provides integrated solar energy solutions, including engineering, procurement, construction (EPC) of AC/DC Solar Pumps in both Surface and Submersible categories. Geographically, the company generates the majority of its revenue from India.
47GF Score
Get the complete analysis for NSE:ALPEXSOLAR
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
NSE:ALPEXSOLAR has been successfully added to your 
