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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. Avonmore Capital & Management Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -643.69%.
NSE:AVONMORE'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 12.74 Med: 43.4 Max: 158.1
Current: 50.62
During the past 13 years, Avonmore Capital & Management Services's highest ROC (Joel Greenblatt) % was 158.10%. The lowest was 12.74%. And the median was 43.40%.
NSE:AVONMORE's ROC (Joel Greenblatt) % is ranked better than 53.47% of 677
companies
in the Capital Markets industry
Industry Median: 34.76
vs NSE:AVONMORE: 50.62
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.
Avonmore Capital & Management Services ROC (Joel Greenblatt) % Chart
Avonmore Capital & Management Services Annual Data
NSE:AVONMORE vs MS, GS, SCHW: ROC (Joel Greenblatt) % Comparison
For the Capital Markets subindustry, Avonmore Capital & Management Services'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.
Avonmore Capital & Management Services ROC (Joel Greenblatt) % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Avonmore Capital & Management Services's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Avonmore Capital & Management Services's ROC (Joel Greenblatt) % falls into.
Avonmore Capital & Management Services 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 -643.69% mean?
Avonmore Capital & Management Services (NSE:AVONMORE) has a ROC (Joel Greenblatt) % of -643.69% 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 Avonmore Capital & Management Services and its competitors. Over the past decade, Avonmore Capital & Management Services' ROC (Joel Greenblatt) % has ranged from 12.74 to 158.10. According to the industry distribution chart, Avonmore Capital & Management Services ranks #315 out of 677 companies in the Capital Markets industry, placing it in the top 46.5%.
Is Avonmore Capital & Management Services' ROC (Joel Greenblatt) % too high?
Avonmore Capital & Management Services' current ROC (Joel Greenblatt) % is -643.69%. Over the past 10 years, this metric has ranged from a low of 12.74 to a high of 158.10. Based on the distribution chart, Avonmore Capital & Management Services ranks #315 out of 677 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Avonmore Capital & Management Services has a GF Score™ of 75/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Avonmore Capital & Management Services' ROC (Joel Greenblatt) % compare to MS and GS?
According to the Capital Markets industry distribution chart, Avonmore Capital & Management Services ranks #315 out of 677 companies for ROC (Joel Greenblatt) %. This puts Avonmore Capital & Management Services in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 34.76. Historically, Avonmore Capital & Management Services' own ROC (Joel Greenblatt) % has ranged from 12.74 to 158.10 over the past decade. 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 Capital Markets company?
The median ROC (Joel Greenblatt) % among Capital Markets companies is 34.76, based on 677 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 Avonmore Capital & Management Services and its competitors. For the Capital Markets industry, the median ROC (Joel Greenblatt) % is 34.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Avonmore Capital & Management Services's current ROC (Joel Greenblatt) % is -643.69%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Avonmore Capital & Management Services stock overvalued right now?
Based on GuruFocus' analysis, Avonmore Capital & Management Services (NSE:AVONMORE) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹15.70, compared to a current price of ₹9.29 — trading 40.8% below its estimated fair value. The current ROC (Joel Greenblatt) % is -643.69%. Avonmore Capital & Management Services' overall GF Score™ is 75/100 with 4 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 Avonmore Capital & Management Services (NSE:AVONMORE), the current ROC (Joel Greenblatt) % is -643.69% 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 Avonmore Capital & Management Services (NSE:AVONMORE) Overvalued in 2026?
Based on GuruFocus' analysis, Avonmore Capital & Management Services stock appears to be undervalued.
The current stock price of ₹9.29 is trading 40.8% below its estimated GF Value™ of ₹15.70.
GuruFocus considers Avonmore Capital & Management Services to be Significantly Undervalued.
Key valuation signals for NSE:AVONMORE:
ROC (Joel Greenblatt) %: -643.69%
GF Value™: ₹15.70 vs. price of ₹9.29 (40.8% below fair value)
No single metric tells the full story. See the NSE:AVONMORE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Avonmore Capital & Management Services Business Description
Avonmore Capital & Management Services Ltd is a non-banking financial institution. The company's business segments are debt and equity market operations which comprise trading in securities and bonds; consultancy and advisory fees comprise merchant banking, underwriting commission, corporate and infrastructure advisory, and loan syndication fees and arranger of debts; investment activities comprise profit on the sale of an investment; finance activities comprise granting of loans; wealth advisory/broking activities; healthcare activities comprises to establish, administer, own and run the eye care hospitals. Wealth / Broking activities comprises commodity broking on various commodity exchanges in the country, stock and share broking on National Stock Exchange of India Limited.
75GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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