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Galaxy MedicareNSE:GML -1.68%19 ROC (Joel Greenblatt) % is 16.22% as of Mar. 2026, which is 16% below its 10-year median of 19.32. GuruFocus rates NSE:GML with a GF Score™ of 19/100. The stock has 2 warning signs investors should review. Among 840 Medical Devices & Instruments companies, Galaxy Medicare ranks better than 69.52% 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. Galaxy Medicare's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 16.22%.
The historical rank and industry rank for Galaxy Medicare's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:GML'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.67 Med: 19.32 Max: 22.61
Current: 19.6
During the past 5 years, Galaxy Medicare's highest ROC (Joel Greenblatt) % was 22.61%. The lowest was 3.67%. And the median was 19.32%.
NSE:GML's ROC (Joel Greenblatt) % is ranked better than 69.52% of 840
companies
in the Medical Devices & Instruments industry
Industry Median: 4.145
vs NSE:GML: 19.60
Galaxy Medicare's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
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.
Galaxy Medicare ROC (Joel Greenblatt) % Related Terms
Galaxy Medicare ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Galaxy Medicare'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:GML vs ISRG, BDX, MDLN: ROC (Joel Greenblatt) % Comparison
For the Medical Instruments & Supplies subindustry, Galaxy Medicare'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.
Galaxy Medicare ROC (Joel Greenblatt) % vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Galaxy Medicare's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Galaxy Medicare'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 two times the semi-annual (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 16.22% mean?
Galaxy Medicare (NSE:GML) has a ROC (Joel Greenblatt) % of 16.22% 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 Galaxy Medicare and its competitors. This is 16% below median its historical median of 19.32. Over the past decade, Galaxy Medicare's ROC (Joel Greenblatt) % has ranged from 3.67 to 22.61. According to the industry distribution chart, Galaxy Medicare ranks #256 out of 840 companies in the Medical Devices & Instruments industry, placing it in the top 30.5%.
Is Galaxy Medicare's ROC (Joel Greenblatt) % too high?
Galaxy Medicare's current ROC (Joel Greenblatt) % of 16.22% is 16% below median its 10-year median of 19.32. Over the past 10 years, this metric has ranged from a low of 3.67 to a high of 22.61. The Medical Devices & Instruments industry median ROC (Joel Greenblatt) % is 4.15. Galaxy Medicare's value of 16.22% is 291.3% above this industry median. Based on the distribution chart, Galaxy Medicare ranks #256 out of 840 companies in the Medical Devices & Instruments industry, which is above the industry midpoint. Overall, Galaxy Medicare has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Galaxy Medicare's ROC (Joel Greenblatt) % compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, Galaxy Medicare ranks #256 out of 840 companies for ROC (Joel Greenblatt) %. This puts Galaxy Medicare in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 4.15. Galaxy Medicare's value of 16.22% is 291.3% above this benchmark. Historically, Galaxy Medicare's own ROC (Joel Greenblatt) % has ranged from 3.67 to 22.61 over the past decade. While the company's 10-year median is 19.32 vs. the industry median of 4.15, Galaxy Medicare 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 Medical Devices & Instruments company?
The median ROC (Joel Greenblatt) % among Medical Devices & Instruments companies is 4.15, based on 840 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. Galaxy Medicare's current ROC (Joel Greenblatt) % of 16.22% is 291.3% 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 Galaxy Medicare and its competitors. For the Medical Devices & Instruments industry, the median ROC (Joel Greenblatt) % is 4.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Galaxy Medicare's current ROC (Joel Greenblatt) % is 16.22%, which is 16% below median its own 10-year median of 19.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Galaxy Medicare stock overvalued right now?
Galaxy Medicare (NSE:GML) has a current ROC (Joel Greenblatt) % of 16.22%. The current ROC (Joel Greenblatt) % is 16.22%, which is 16% below median its 10-year median of 19.32 and 291.3% above the Medical Devices & Instruments industry median of 4.15. Galaxy Medicare's overall GF Score™ is 19/100 with 2 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 Galaxy Medicare (NSE:GML), the current ROC (Joel Greenblatt) % is 16.22% 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.
Galaxy Medicare Ltd is engaged into the manufacturing, trading and exporting of Medical Devices, Plasters of Paris Bandages (POP Bandage) and Other surgical dressings in India. Its business encompass: Manufacturing and Branding of its own products under its flagship brands i.e. POP BAND, POP CAST, G CAST, GYPSOSOFT, GYPSOPLAST, CARETAPE, GYPSOCREPE, CARECREPE, CAREPORE GYPSONET, GYPSOCHLOR, FIXCAN ETC.
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