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InterGlobe AviationNSE:INDIGO -1.12%86 ROC (Joel Greenblatt) % is 8.20% as of Jun. 2026, which is 31% below its 10-year median of 11.90. GuruFocus rates NSE:INDIGO with a GF Score™ of 86/100 and a GF Value™ of ₹5,563.58 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,000 Transportation companies, InterGlobe Aviation ranks worse than 81.5% 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. InterGlobe Aviation's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 8.20%.
The historical rank and industry rank for InterGlobe Aviation's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:INDIGO'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -18.18 Med: 11.9 Max: 72.55
Current: 2.67
During the past 12 years, InterGlobe Aviation's highest ROC (Joel Greenblatt) % was 72.55%. The lowest was -18.18%. And the median was 11.90%.
NSE:INDIGO's ROC (Joel Greenblatt) % is ranked worse than 81.5% of 1000
companies
in the Transportation industry
Industry Median: 11.73
vs NSE:INDIGO: 2.67
InterGlobe Aviation'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.
InterGlobe Aviation ROC (Joel Greenblatt) % Related Terms
InterGlobe Aviation ROC (Joel Greenblatt) % Historical Data
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The historical data trend for InterGlobe Aviation'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:INDIGO vs DAL, UAL, LUV: ROC (Joel Greenblatt) % Comparison
For the Airlines subindustry, InterGlobe Aviation'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.
InterGlobe Aviation ROC (Joel Greenblatt) % vs Transportation Industry
For the Transportation industry and Industrials sector, InterGlobe Aviation's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where InterGlobe Aviation'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 (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 8.20% mean?
InterGlobe Aviation (NSE:INDIGO) has a ROC (Joel Greenblatt) % of 8.20% 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 InterGlobe Aviation and its competitors. This is 31% below median its historical median of 11.90. According to the industry distribution chart, InterGlobe Aviation ranks #815 out of 1000 companies in the Transportation industry, placing it in the top 81.5%.
Is InterGlobe Aviation's ROC (Joel Greenblatt) % too high?
InterGlobe Aviation's current ROC (Joel Greenblatt) % of 8.20% is 31% below median its 10-year median of 11.90. The Transportation industry median ROC (Joel Greenblatt) % is 11.73. InterGlobe Aviation's value of 8.20% is 30.1% below this industry median. Based on the distribution chart, InterGlobe Aviation ranks #815 out of 1000 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, InterGlobe Aviation has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does InterGlobe Aviation's ROC (Joel Greenblatt) % compare to DAL and UAL?
According to the Transportation industry distribution chart, InterGlobe Aviation ranks #815 out of 1000 companies for ROC (Joel Greenblatt) %. This places InterGlobe Aviation in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 11.73. InterGlobe Aviation's value of 8.20% is 30.1% below this benchmark. While the company's 10-year median is 11.90 vs. the industry median of 11.73, InterGlobe Aviation has consistently been below 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 Transportation company?
The median ROC (Joel Greenblatt) % among Transportation companies is 11.73, based on 1,000 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. InterGlobe Aviation's current ROC (Joel Greenblatt) % of 8.20% is 30.1% below 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 InterGlobe Aviation and its competitors. For the Transportation industry, the median ROC (Joel Greenblatt) % is 11.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. InterGlobe Aviation's current ROC (Joel Greenblatt) % is 8.20%, which is 31% below median its own 10-year median of 11.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is InterGlobe Aviation stock overvalued right now?
Based on GuruFocus' analysis, InterGlobe Aviation (NSE:INDIGO) is currently considered Fairly Valued. The stock's GF Value™ is ₹5,563.58, compared to a current price of ₹5,310.00 — trading 4.6% below its estimated fair value. The current ROC (Joel Greenblatt) % is 8.20%, which is 31% below median its 10-year median of 11.90 and 30.1% below the Transportation industry median of 11.73. InterGlobe Aviation's overall GF Score™ is 86/100 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 InterGlobe Aviation (NSE:INDIGO), the current ROC (Joel Greenblatt) % is 8.20% 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 InterGlobe Aviation (NSE:INDIGO) Overvalued in 2026?
Based on GuruFocus' analysis, InterGlobe Aviation stock appears to be undervalued.
The current stock price of ₹5,310.00 is trading 4.6% below its estimated GF Value™ of ₹5,563.58.
GuruFocus considers InterGlobe Aviation to be Fairly Valued.
Key valuation signals for NSE:INDIGO:
ROC (Joel Greenblatt) %: 8.20% (31% below median its 10-year median of 11.90)
GF Value™: ₹5,563.58 vs. price of ₹5,310.00 (4.6% below fair value)
Industry Position: 30.1% below the Transportation median (#815 of 1000)
No single metric tells the full story. See the NSE:INDIGO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
InterGlobe Aviation Ltd is an airline service provider based in India. The company serves as a low-cost carrier through its Indigo brand. The company caters to its customers through an official website and the IndigoGo App, enabling them to book airline tickets and travel packages. The segments of the company are Air transportation services and Other income. The company earns its revenue predominantly through passenger ticket sales of the domestic airline operation.
86GF Score
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