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IRB InvIT FundNSE:IRBINVIT -0.63%57 ROC (Joel Greenblatt) % is 346,429.21% as of Mar. 2026, which is 825% above its 10-year median of 37,442.21. GuruFocus rates NSE:IRBINVIT with a GF Score™ of 57/100 and a GF Value™ of ₹56.61 (Modestly Overvalued). The stock has 11 warning signs investors should review. Among 1,787 Construction companies, IRB InvIT Fund ranks better than 99.94% 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. IRB InvIT Fund's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 346,429.21%.
The historical rank and industry rank for IRB InvIT Fund's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:IRBINVIT'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.02 Med: 37442.21 Max: 128935.08
Current: 106453.08
During the past 13 years, IRB InvIT Fund's highest ROC (Joel Greenblatt) % was 128935.08%. The lowest was -0.02%. And the median was 37442.21%.
NSE:IRBINVIT's ROC (Joel Greenblatt) % is ranked better than 99.94% of 1787
companies
in the Construction industry
Industry Median: 19.37
vs NSE:IRBINVIT: 106453.08
IRB InvIT Fund's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 27.70% per year.
IRB InvIT Fund (NSE:IRBINVIT) 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.
IRB InvIT Fund ROC (Joel Greenblatt) % Related Terms
IRB InvIT Fund ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for IRB InvIT Fund'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.
IRB InvIT Fund ROC (Joel Greenblatt) % Competitor Comparison
For the Infrastructure Operations subindustry, IRB InvIT Fund'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.
IRB InvIT Fund ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, IRB InvIT Fund's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where IRB InvIT Fund's ROC (Joel Greenblatt) % falls into.
IRB InvIT Fund 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 (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 346,429.21% mean?
IRB InvIT Fund (NSE:IRBINVIT) has a ROC (Joel Greenblatt) % of 346,429.21% 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 IRB InvIT Fund and its competitors. This is 825% above median its historical median of 37,442.21. According to the industry distribution chart, IRB InvIT Fund ranks #1 out of 1787 companies in the Construction industry, placing it in the top 0.099999999999994%.
Is IRB InvIT Fund's ROC (Joel Greenblatt) % too high?
IRB InvIT Fund's current ROC (Joel Greenblatt) % of 346,429.21% is 825% above median its 10-year median of 37,442.21. The Construction industry median ROC (Joel Greenblatt) % is 19.37. IRB InvIT Fund's value of 346,429.21% is 1788383.3% above this industry median. Based on the distribution chart, IRB InvIT Fund ranks #1 out of 1787 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, IRB InvIT Fund has a GF Score™ of 57/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does IRB InvIT Fund's ROC (Joel Greenblatt) % compare to competitors?
According to the Construction industry distribution chart, IRB InvIT Fund ranks #1 out of 1787 companies for ROC (Joel Greenblatt) %. This places IRB InvIT Fund in the top 0% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 19.37. IRB InvIT Fund's value of 346,429.21% is 1788383.3% above this benchmark. While the company's 10-year median is 37,442.21 vs. the industry median of 19.37, IRB InvIT Fund 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 Construction company?
The median ROC (Joel Greenblatt) % among Construction companies is 19.37, based on 1,787 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. IRB InvIT Fund's current ROC (Joel Greenblatt) % of 346,429.21% is 1788383.3% 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 IRB InvIT Fund and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IRB InvIT Fund's current ROC (Joel Greenblatt) % is 346,429.21%, which is 825% above median its own 10-year median of 37,442.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IRB InvIT Fund stock overvalued right now?
Based on GuruFocus' analysis, IRB InvIT Fund (NSE:IRBINVIT) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹56.61, compared to a current price of ₹64.50 — trading 13.9% above its estimated fair value. The current ROC (Joel Greenblatt) % is 346,429.21%, which is 825% above median its 10-year median of 37,442.21 and 1788383.3% above the Construction industry median of 19.37. IRB InvIT Fund's overall GF Score™ is 57/100 with 11 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 IRB InvIT Fund (NSE:IRBINVIT), the current ROC (Joel Greenblatt) % is 346,429.21% 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 IRB InvIT Fund (NSE:IRBINVIT) Overvalued in 2026?
Based on GuruFocus' analysis, IRB InvIT Fund stock appears to be overvalued.
The current stock price of ₹64.50 is trading 13.9% above its estimated GF Value™ of ₹56.61.
GuruFocus considers IRB InvIT Fund to be Modestly Overvalued.
Key valuation signals for NSE:IRBINVIT:
ROC (Joel Greenblatt) %: 346,429.21% (825% above median its 10-year median of 37,442.21)
GF Value™: ₹56.61 vs. price of ₹64.50 (13.9% above fair value)
Industry Position: 1788383.3% above the Construction median (#1 of 1787)
No single metric tells the full story. See the NSE:IRBINVIT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IRB InvIT Fund is a company engaged in the ownership, operations, and maintaining a portfolio of toll-road assets. The company manages the toll-road assets in the Indian states of Maharashtra, Gujarat, Rajasthan, Karnataka, Tamil Nadu, and Punjab. Some of the projects of the company are Surat - Dahisar NH 8 Project, Tumkur to Chitradurga NH 4 Project, Bharuch - Surat NH 8 Project and many more.
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