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Force MotorsNSE:FORCEMOT -1.83%84 ROC (Joel Greenblatt) % is 89.15% as of Mar. 2026, which is 408% above its 10-year median of 17.54. GuruFocus rates NSE:FORCEMOT with a GF Score™ of 84/100 and a GF Value™ of ₹10,935.80 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,332 Vehicles & Parts companies, Force Motors ranks better than 96.77% 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. Force Motors's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 89.15%.
The historical rank and industry rank for Force Motors's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:FORCEMOT'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -9.37 Med: 17.54 Max: 89.8
Current: 89.75
During the past 13 years, Force Motors's highest ROC (Joel Greenblatt) % was 89.80%. The lowest was -9.37%. And the median was 17.54%.
NSE:FORCEMOT's ROC (Joel Greenblatt) % is ranked better than 96.77% of 1332
companies
in the Vehicles & Parts industry
Industry Median: 12.02
vs NSE:FORCEMOT: 89.75
Force Motors's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Force Motors (NSE:FORCEMOT) 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.
Force Motors ROC (Joel Greenblatt) % Related Terms
Force Motors ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Force Motors'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:FORCEMOT vs TSLA, GM, F: ROC (Joel Greenblatt) % Comparison
For the Auto Manufacturers subindustry, Force Motors'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.
Force Motors ROC (Joel Greenblatt) % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Force Motors's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Force Motors'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 89.15% mean?
Force Motors (NSE:FORCEMOT) has a ROC (Joel Greenblatt) % of 89.15% 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 Force Motors and its competitors. This is 408% above median its historical median of 17.54. According to the industry distribution chart, Force Motors ranks #43 out of 1332 companies in the Vehicles & Parts industry, placing it in the top 3.2%.
Is Force Motors' ROC (Joel Greenblatt) % too high?
Force Motors' current ROC (Joel Greenblatt) % of 89.15% is 408% above median its 10-year median of 17.54. The Vehicles & Parts industry median ROC (Joel Greenblatt) % is 12.02. Force Motors' value of 89.15% is 641.7% above this industry median. Based on the distribution chart, Force Motors ranks #43 out of 1332 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Force Motors has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Force Motors' ROC (Joel Greenblatt) % compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Force Motors ranks #43 out of 1332 companies for ROC (Joel Greenblatt) %. This places Force Motors in the top 3% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 12.02. Force Motors' value of 89.15% is 641.7% above this benchmark. While the company's 10-year median is 17.54 vs. the industry median of 12.02, Force Motors 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 Vehicles & Parts company?
The median ROC (Joel Greenblatt) % among Vehicles & Parts companies is 12.02, based on 1,332 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. Force Motors's current ROC (Joel Greenblatt) % of 89.15% is 641.7% 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 Force Motors and its competitors. For the Vehicles & Parts industry, the median ROC (Joel Greenblatt) % is 12.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Force Motors's current ROC (Joel Greenblatt) % is 89.15%, which is 408% above median its own 10-year median of 17.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Force Motors stock overvalued right now?
Based on GuruFocus' analysis, Force Motors (NSE:FORCEMOT) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹10,935.80, compared to a current price of ₹17,910.00 — trading 63.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is 89.15%, which is 408% above median its 10-year median of 17.54 and 641.7% above the Vehicles & Parts industry median of 12.02. Force Motors' overall GF Score™ is 84/100 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 Force Motors (NSE:FORCEMOT), the current ROC (Joel Greenblatt) % is 89.15% 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 Force Motors (NSE:FORCEMOT) Overvalued in 2026?
Based on GuruFocus' analysis, Force Motors stock appears to be overvalued.
The current stock price of ₹17,910.00 is trading 63.8% above its estimated GF Value™ of ₹10,935.80.
GuruFocus considers Force Motors to be Significantly Overvalued.
Key valuation signals for NSE:FORCEMOT:
ROC (Joel Greenblatt) %: 89.15% (408% above median its 10-year median of 17.54)
GF Value™: ₹10,935.80 vs. price of ₹17,910.00 (63.8% above fair value)
Industry Position: 641.7% above the Vehicles & Parts median (#43 of 1332)
No single metric tells the full story. See the NSE:FORCEMOT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Force Motors Ltd is an automobile manufacturing company domiciled in India. The company principally manufactures small commercial vehicles, including cargo transportation; light commercial vehicles, such as buses and vans; multi-utility vehicles; sports utility vehicles; and agricultural tractors. In addition to vehicle manufacturing operations, Force Motors manufactures products related to the automobile industry, such as diesel engines. Production is largely sold domestically, and the company's manufacturing operations are conducted in domestic plants.
84GF Score
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