HDB Financial ServicesNSE:HDBFS +2.80%22 ROC (Joel Greenblatt) % is 1,071.36% as of Mar. 2026, which is 13% below its 10-year median of 1,236.60. GuruFocus rates NSE:HDBFS with a GF Score™ of 22/100. The stock has 4 warning signs investors should review. Among 414 Credit Services companies, HDB Financial Services ranks better than 84.78% 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. HDB Financial Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 1,071.36%.
The historical rank and industry rank for HDB Financial Services's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:HDBFS'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 705.49 Med: 1236.6 Max: 1505.33
Current: 705.49
During the past 4 years, HDB Financial Services's highest ROC (Joel Greenblatt) % was 1505.33%. The lowest was 705.49%. And the median was 1236.60%.
NSE:HDBFS's ROC (Joel Greenblatt) % is ranked better than 84.78% of 414
companies
in the Credit Services industry
Industry Median: 38.59
vs NSE:HDBFS: 705.49
HDB Financial Services'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.
HDB Financial Services ROC (Joel Greenblatt) % Related Terms
HDB Financial Services ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for HDB Financial Services'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:HDBFS vs V, MA, AXP: ROC (Joel Greenblatt) % Comparison
For the Credit Services subindustry, HDB 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.
HDB Financial Services ROC (Joel Greenblatt) % vs Credit Services Industry
For the Credit Services industry and Financial Services sector, HDB Financial Services's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where HDB Financial Services'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 1,071.36% mean?
HDB Financial Services (NSE:HDBFS) has a ROC (Joel Greenblatt) % of 1,071.36% 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 HDB Financial Services and its competitors. This is 13% below median its historical median of 1,236.60. Over the past decade, HDB Financial Services' ROC (Joel Greenblatt) % has ranged from 705.49 to 1,505.33. According to the industry distribution chart, HDB Financial Services ranks #63 out of 414 companies in the Credit Services industry, placing it in the top 15.2%.
Is HDB Financial Services' ROC (Joel Greenblatt) % too high?
HDB Financial Services' current ROC (Joel Greenblatt) % of 1,071.36% is 13% below median its 10-year median of 1,236.60. Over the past 10 years, this metric has ranged from a low of 705.49 to a high of 1,505.33. The Credit Services industry median ROC (Joel Greenblatt) % is 38.59. HDB Financial Services' value of 1,071.36% is 2676.3% above this industry median. Based on the distribution chart, HDB Financial Services ranks #63 out of 414 companies in the Credit Services industry, which is in the top quartile — a strong position relative to peers. Overall, HDB Financial Services has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does HDB Financial Services' ROC (Joel Greenblatt) % compare to V and MA?
According to the Credit Services industry distribution chart, HDB Financial Services ranks #63 out of 414 companies for ROC (Joel Greenblatt) %. This places HDB Financial Services in the top 15% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 38.59. HDB Financial Services' value of 1,071.36% is 2676.3% above this benchmark. Historically, HDB Financial Services' own ROC (Joel Greenblatt) % has ranged from 705.49 to 1,505.33 over the past decade. While the company's 10-year median is 1,236.60 vs. the industry median of 38.59, HDB 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 Credit Services company?
The median ROC (Joel Greenblatt) % among Credit Services companies is 38.59, based on 414 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. HDB Financial Services's current ROC (Joel Greenblatt) % of 1,071.36% is 2676.3% 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 HDB Financial Services and its competitors. For the Credit Services industry, the median ROC (Joel Greenblatt) % is 38.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HDB Financial Services's current ROC (Joel Greenblatt) % is 1,071.36%, which is 13% below median its own 10-year median of 1,236.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HDB Financial Services stock overvalued right now?
HDB Financial Services (NSE:HDBFS) has a current ROC (Joel Greenblatt) % of 1,071.36%. The current ROC (Joel Greenblatt) % is 1,071.36%, which is 13% below median its 10-year median of 1,236.60 and 2676.3% above the Credit Services industry median of 38.59. HDB Financial Services' overall GF Score™ is 22/100 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 HDB Financial Services (NSE:HDBFS), the current ROC (Joel Greenblatt) % is 1,071.36% 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.
HDB Financial Services Ltd is a non-banking finance company that provides lending services and business process outsourcing. The company also offers services related to the marketing and promotion of various financial products. Additionally, it provides BPO services that encompass back-office services such as form processing, document verification, finance and accounting services, and correspondence management, as well as front-office services including contact center management, outbound marketing, and collection services. The company's operating segments are: Lending services and BPO services. The majority of its revenue is generated from the Lending services segment, which includes providing finance to retail customers for a variety of purposes. Its operations are concentrated in India.
22GF Score
Get the complete analysis for NSE:HDBFS
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:HDBFS has been successfully added to your 