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Berger Paints IndiaNSE:BERGEPAINT -1.31%92 ROC (Joel Greenblatt) % is 40.38% as of Jun. 2026, which is 14% above its 10-year median of 35.41. GuruFocus rates NSE:BERGEPAINT with a GF Score™ of 92/100 and a GF Value™ of ₹575.43 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,604 Chemicals companies, Berger Paints India ranks better than 87.34% 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. Berger Paints India's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 40.38%.
The historical rank and industry rank for Berger Paints India's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:BERGEPAINT'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 28.35 Med: 35.41 Max: 50.62
Current: 30.43
During the past 13 years, Berger Paints India's highest ROC (Joel Greenblatt) % was 50.62%. The lowest was 28.35%. And the median was 35.41%.
NSE:BERGEPAINT's ROC (Joel Greenblatt) % is ranked better than 87.34% of 1604
companies
in the Chemicals industry
Industry Median: 9.685
vs NSE:BERGEPAINT: 30.43
Berger Paints India's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -3.90% per year.
Berger Paints India (NSE:BERGEPAINT) 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.
Berger Paints India ROC (Joel Greenblatt) % Related Terms
Berger Paints India ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Berger Paints India'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:BERGEPAINT vs LIN, SHW, ECL: ROC (Joel Greenblatt) % Comparison
For the Specialty Chemicals subindustry, Berger Paints India'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.
Berger Paints India ROC (Joel Greenblatt) % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Berger Paints India's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Berger Paints India's ROC (Joel Greenblatt) % falls into.
Berger Paints India 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 40.38% mean?
Berger Paints India (NSE:BERGEPAINT) has a ROC (Joel Greenblatt) % of 40.38% 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 Berger Paints India and its competitors. This is 14% above median its historical median of 35.41. Over the past decade, Berger Paints India's ROC (Joel Greenblatt) % has ranged from 28.35 to 50.62. According to the industry distribution chart, Berger Paints India ranks #203 out of 1604 companies in the Chemicals industry, placing it in the top 12.7%.
Is Berger Paints India's ROC (Joel Greenblatt) % too high?
Berger Paints India's current ROC (Joel Greenblatt) % of 40.38% is 14% above median its 10-year median of 35.41. Over the past 10 years, this metric has ranged from a low of 28.35 to a high of 50.62. The Chemicals industry median ROC (Joel Greenblatt) % is 9.69. Berger Paints India's value of 40.38% is 316.9% above this industry median. Based on the distribution chart, Berger Paints India ranks #203 out of 1604 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Berger Paints India has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Berger Paints India's ROC (Joel Greenblatt) % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Berger Paints India ranks #203 out of 1604 companies for ROC (Joel Greenblatt) %. This places Berger Paints India in the top 13% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 9.69. Berger Paints India's value of 40.38% is 316.9% above this benchmark. Historically, Berger Paints India's own ROC (Joel Greenblatt) % has ranged from 28.35 to 50.62 over the past decade. While the company's 10-year median is 35.41 vs. the industry median of 9.69, Berger Paints India 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 Chemicals company?
The median ROC (Joel Greenblatt) % among Chemicals companies is 9.69, based on 1,604 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. Berger Paints India's current ROC (Joel Greenblatt) % of 40.38% is 316.9% 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 Berger Paints India and its competitors. For the Chemicals industry, the median ROC (Joel Greenblatt) % is 9.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Berger Paints India's current ROC (Joel Greenblatt) % is 40.38%, which is 14% above median its own 10-year median of 35.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Berger Paints India stock overvalued right now?
Based on GuruFocus' analysis, Berger Paints India (NSE:BERGEPAINT) is currently considered Fairly Valued. The stock's GF Value™ is ₹575.43, compared to a current price of ₹530.55 — trading 7.8% below its estimated fair value. The current ROC (Joel Greenblatt) % is 40.38%, which is 14% above median its 10-year median of 35.41 and 316.9% above the Chemicals industry median of 9.69. Berger Paints India's overall GF Score™ is 92/100 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 Berger Paints India (NSE:BERGEPAINT), the current ROC (Joel Greenblatt) % is 40.38% 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 Berger Paints India (NSE:BERGEPAINT) Overvalued in 2026?
Based on GuruFocus' analysis, Berger Paints India stock appears to be undervalued.
The current stock price of ₹530.55 is trading 7.8% below its estimated GF Value™ of ₹575.43.
GuruFocus considers Berger Paints India to be Fairly Valued.
Key valuation signals for NSE:BERGEPAINT:
ROC (Joel Greenblatt) %: 40.38% (14% above median its 10-year median of 35.41)
GF Value™: ₹575.43 vs. price of ₹530.55 (7.8% below fair value)
Industry Position: 316.9% above the Chemicals median (#203 of 1604)
No single metric tells the full story. See the NSE:BERGEPAINT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Berger Paints India Ltd manufactures and sells a variety of paints, coatings, and sealants. The majority of the company's revenue comes from the sale of decorative acrylic paints used for interior and exterior housing, wood coatings, primers, thinners, and putties under the Berger brand name. The company also sells industrial paints to the automotive industry as well as protective and powder coatings used to protect steel, concrete, furniture, hospital items, and garden tools. All the revenue comes from India.
92GF Score
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