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APL Apollo TubesNSE:APLAPOLLO -0.18%91 ROC (Joel Greenblatt) % is 36.84% as of Jun. 2026, which is 33% above its 10-year median of 27.69. GuruFocus rates NSE:APLAPOLLO with a GF Score™ of 91/100 and a GF Value™ of ₹2,010.49 (Fairly Valued). The stock has 1 warning sign investors should review. Among 632 Steel companies, APL Apollo Tubes ranks better than 93.67% 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. APL Apollo Tubes's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 36.84%.
The historical rank and industry rank for APL Apollo Tubes's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:APLAPOLLO'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 20 Med: 27.69 Max: 42.56
Current: 42.56
During the past 13 years, APL Apollo Tubes's highest ROC (Joel Greenblatt) % was 42.56%. The lowest was 20.00%. And the median was 27.69%.
NSE:APLAPOLLO's ROC (Joel Greenblatt) % is ranked better than 93.67% of 632
companies
in the Steel industry
Industry Median: 7.26
vs NSE:APLAPOLLO: 42.56
APL Apollo Tubes's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 5.10% per year.
APL Apollo Tubes (NSE:APLAPOLLO) 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.
APL Apollo Tubes ROC (Joel Greenblatt) % Related Terms
APL Apollo Tubes ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for APL Apollo Tubes'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:APLAPOLLO vs NUE, STLD, RS: ROC (Joel Greenblatt) % Comparison
For the Steel subindustry, APL Apollo Tubes'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.
APL Apollo Tubes ROC (Joel Greenblatt) % vs Steel Industry
For the Steel industry and Basic Materials sector, APL Apollo Tubes's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where APL Apollo Tubes's ROC (Joel Greenblatt) % falls into.
APL Apollo Tubes 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 (Jun. 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 36.84% mean?
APL Apollo Tubes (NSE:APLAPOLLO) has a ROC (Joel Greenblatt) % of 36.84% as of Jun. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on APL Apollo Tubes and its competitors. This is 33% above median its historical median of 27.69. Over the past decade, APL Apollo Tubes' ROC (Joel Greenblatt) % has ranged from 20.00 to 42.56. According to the industry distribution chart, APL Apollo Tubes ranks #40 out of 632 companies in the Steel industry, placing it in the top 6.3%.
Is APL Apollo Tubes' ROC (Joel Greenblatt) % too high?
APL Apollo Tubes' current ROC (Joel Greenblatt) % of 36.84% is 33% above median its 10-year median of 27.69. Over the past 10 years, this metric has ranged from a low of 20.00 to a high of 42.56. The Steel industry median ROC (Joel Greenblatt) % is 7.26. APL Apollo Tubes' value of 36.84% is 407.4% above this industry median. Based on the distribution chart, APL Apollo Tubes ranks #40 out of 632 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, APL Apollo Tubes has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does APL Apollo Tubes' ROC (Joel Greenblatt) % compare to NUE and STLD?
According to the Steel industry distribution chart, APL Apollo Tubes ranks #40 out of 632 companies for ROC (Joel Greenblatt) %. This places APL Apollo Tubes in the top 6% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 7.26. APL Apollo Tubes' value of 36.84% is 407.4% above this benchmark. Historically, APL Apollo Tubes' own ROC (Joel Greenblatt) % has ranged from 20.00 to 42.56 over the past decade. While the company's 10-year median is 27.69 vs. the industry median of 7.26, APL Apollo Tubes 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 Steel company?
The median ROC (Joel Greenblatt) % among Steel companies is 7.26, based on 632 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. APL Apollo Tubes's current ROC (Joel Greenblatt) % of 36.84% is 407.4% 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 APL Apollo Tubes and its competitors. For the Steel industry, the median ROC (Joel Greenblatt) % is 7.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. APL Apollo Tubes's current ROC (Joel Greenblatt) % is 36.84%, which is 33% above median its own 10-year median of 27.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is APL Apollo Tubes stock overvalued right now?
Based on GuruFocus' analysis, APL Apollo Tubes (NSE:APLAPOLLO) is currently considered Fairly Valued. The stock's GF Value™ is ₹2,010.49, compared to a current price of ₹1,945.00 — trading 3.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is 36.84%, which is 33% above median its 10-year median of 27.69 and 407.4% above the Steel industry median of 7.26. APL Apollo Tubes' overall GF Score™ is 91/100 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 APL Apollo Tubes (NSE:APLAPOLLO), the current ROC (Joel Greenblatt) % is 36.84% as of Jun. 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 APL Apollo Tubes (NSE:APLAPOLLO) Overvalued in 2026?
Based on GuruFocus' analysis, APL Apollo Tubes stock appears to be undervalued.
The current stock price of ₹1,945.00 is trading 3.3% below its estimated GF Value™ of ₹2,010.49.
GuruFocus considers APL Apollo Tubes to be Fairly Valued.
Key valuation signals for NSE:APLAPOLLO:
ROC (Joel Greenblatt) %: 36.84% (33% above median its 10-year median of 27.69)
GF Value™: ₹2,010.49 vs. price of ₹1,945.00 (3.3% below fair value)
Industry Position: 407.4% above the Steel median (#40 of 632)
No single metric tells the full story. See the NSE:APLAPOLLO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
APL Apollo Tubes Ltd is a manufacturer of steel pipes and tubes. Its multi-product offerings include Pre- Galvanized Tubes, Structural Steel Tubes, Galvanized Tubes, MS Black Pipes and Hollow Sections. It operates in a single segment, which is the business of production of ERW steel tubes. Geographically, it operates only in India.
91GF Score
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