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Emkay Global Financial ServicesNSE:EMKAY -0.18%80 ROC (Joel Greenblatt) % is 131.23% as of Jun. 2026, which is 110% above its 10-year median of 62.44. GuruFocus rates NSE:EMKAY with a GF Score™ of 80/100 and a GF Value™ of ₹256.34 (Fairly Valued). The stock has 5 warning signs investors should review. Among 679 Capital Markets companies, Emkay Global Financial Services ranks better than 64.21% 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. Emkay Global Financial Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 131.23%.
The historical rank and industry rank for Emkay Global Financial Services's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:EMKAY'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -21.09 Med: 62.44 Max: 159.81
Current: 97.28
During the past 13 years, Emkay Global Financial Services's highest ROC (Joel Greenblatt) % was 159.81%. The lowest was -21.09%. And the median was 62.44%.
NSE:EMKAY's ROC (Joel Greenblatt) % is ranked better than 64.21% of 679
companies
in the Capital Markets industry
Industry Median: 34.48
vs NSE:EMKAY: 97.28
Emkay Global Financial Services (NSE:EMKAY) 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.
Emkay Global Financial Services ROC (Joel Greenblatt) % Chart
NSE:EMKAY vs MS, GS, SCHW: ROC (Joel Greenblatt) % Comparison
For the Capital Markets subindustry, Emkay Global Financial 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.
Emkay Global Financial Services ROC (Joel Greenblatt) % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Emkay Global Financial Services's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Emkay Global Financial Services's ROC (Joel Greenblatt) % falls into.
Emkay Global Financial 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 (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 131.23% mean?
Emkay Global Financial Services (NSE:EMKAY) has a ROC (Joel Greenblatt) % of 131.23% 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 Emkay Global Financial Services and its competitors. This is 110% above median its historical median of 62.44. According to the industry distribution chart, Emkay Global Financial Services ranks #243 out of 679 companies in the Capital Markets industry, placing it in the top 35.8%.
Is Emkay Global Financial Services' ROC (Joel Greenblatt) % too high?
Emkay Global Financial Services' current ROC (Joel Greenblatt) % of 131.23% is 110% above median its 10-year median of 62.44. The Capital Markets industry median ROC (Joel Greenblatt) % is 34.48. Emkay Global Financial Services' value of 131.23% is 280.6% above this industry median. Based on the distribution chart, Emkay Global Financial Services ranks #243 out of 679 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Emkay Global Financial Services has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Emkay Global Financial Services' ROC (Joel Greenblatt) % compare to MS and GS?
According to the Capital Markets industry distribution chart, Emkay Global Financial Services ranks #243 out of 679 companies for ROC (Joel Greenblatt) %. This puts Emkay Global Financial Services in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 34.48. Emkay Global Financial Services' value of 131.23% is 280.6% above this benchmark. While the company's 10-year median is 62.44 vs. the industry median of 34.48, Emkay Global Financial Services 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 Capital Markets company?
The median ROC (Joel Greenblatt) % among Capital Markets companies is 34.48, based on 679 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. Emkay Global Financial Services's current ROC (Joel Greenblatt) % of 131.23% is 280.6% 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 Emkay Global Financial Services and its competitors. For the Capital Markets industry, the median ROC (Joel Greenblatt) % is 34.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Emkay Global Financial Services's current ROC (Joel Greenblatt) % is 131.23%, which is 110% above median its own 10-year median of 62.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emkay Global Financial Services stock overvalued right now?
Based on GuruFocus' analysis, Emkay Global Financial Services (NSE:EMKAY) is currently considered Fairly Valued. The stock's GF Value™ is ₹256.34, compared to a current price of ₹238.99 — trading 6.8% below its estimated fair value. The current ROC (Joel Greenblatt) % is 131.23%, which is 110% above median its 10-year median of 62.44 and 280.6% above the Capital Markets industry median of 34.48. Emkay Global Financial Services' overall GF Score™ is 80/100 with 5 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 Emkay Global Financial Services (NSE:EMKAY), the current ROC (Joel Greenblatt) % is 131.23% 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 Emkay Global Financial Services (NSE:EMKAY) Overvalued in 2026?
Based on GuruFocus' analysis, Emkay Global Financial Services stock appears to be undervalued.
The current stock price of ₹238.99 is trading 6.8% below its estimated GF Value™ of ₹256.34.
GuruFocus considers Emkay Global Financial Services to be Fairly Valued.
Key valuation signals for NSE:EMKAY:
ROC (Joel Greenblatt) %: 131.23% (110% above median its 10-year median of 62.44)
GF Value™: ₹256.34 vs. price of ₹238.99 (6.8% below fair value)
Industry Position: 280.6% above the Capital Markets median (#243 of 679)
No single metric tells the full story. See the NSE:EMKAY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Emkay Global Financial Services Ltd is engaged in the business of providing Equity, Currency, and Commodity Broking Services, Investment Banking, Depository Participant Services, and Wealth Management Services including the distribution of third-party financial products. The primary business of the company relates to one business segment namely Advisory and Transactional Services. Geographically, its business operations are concentrated in India.
80GF Score
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