Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Lemon Tree HotelsNSE:LEMONTREE -0.62%86 ROC (Joel Greenblatt) % is 20.17% as of Mar. 2026, which is 256% above its 10-year median of 5.67. GuruFocus rates NSE:LEMONTREE with a GF Score™ of 86/100 and a GF Value™ of ₹181.11 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 844 Travel & Leisure companies, Lemon Tree Hotels ranks better than 59.36% 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. Lemon Tree Hotels's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 20.17%.
The historical rank and industry rank for Lemon Tree Hotels's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:LEMONTREE'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.89 Med: 5.67 Max: 15.22
Current: 15.22
During the past 13 years, Lemon Tree Hotels's highest ROC (Joel Greenblatt) % was 15.22%. The lowest was -0.89%. And the median was 5.67%.
NSE:LEMONTREE's ROC (Joel Greenblatt) % is ranked better than 59.36% of 844
companies
in the Travel & Leisure industry
Industry Median: 10.02
vs NSE:LEMONTREE: 15.22
Lemon Tree Hotels's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Lemon Tree Hotels (NSE:LEMONTREE) 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.
Lemon Tree Hotels ROC (Joel Greenblatt) % Related Terms
Lemon Tree Hotels ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Lemon Tree Hotels'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:LEMONTREE vs MAR, HLT, H: ROC (Joel Greenblatt) % Comparison
For the Lodging subindustry, Lemon Tree Hotels'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.
Lemon Tree Hotels ROC (Joel Greenblatt) % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Lemon Tree Hotels's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Lemon Tree Hotels's ROC (Joel Greenblatt) % falls into.
Lemon Tree Hotels 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 20.17% mean?
Lemon Tree Hotels (NSE:LEMONTREE) has a ROC (Joel Greenblatt) % of 20.17% 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 Lemon Tree Hotels and its competitors. This is 256% above median its historical median of 5.67. According to the industry distribution chart, Lemon Tree Hotels ranks #343 out of 844 companies in the Travel & Leisure industry, placing it in the top 40.6%.
Is Lemon Tree Hotels' ROC (Joel Greenblatt) % too high?
Lemon Tree Hotels' current ROC (Joel Greenblatt) % of 20.17% is 256% above median its 10-year median of 5.67. The Travel & Leisure industry median ROC (Joel Greenblatt) % is 10.02. Lemon Tree Hotels' value of 20.17% is 101.3% above this industry median. Based on the distribution chart, Lemon Tree Hotels ranks #343 out of 844 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Lemon Tree Hotels has a GF Score™ of 86/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Lemon Tree Hotels' ROC (Joel Greenblatt) % compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, Lemon Tree Hotels ranks #343 out of 844 companies for ROC (Joel Greenblatt) %. This puts Lemon Tree Hotels in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 10.02. Lemon Tree Hotels' value of 20.17% is 101.3% above this benchmark. While the company's 10-year median is 5.67 vs. the industry median of 10.02, Lemon Tree Hotels 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 Travel & Leisure company?
The median ROC (Joel Greenblatt) % among Travel & Leisure companies is 10.02, based on 844 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. Lemon Tree Hotels's current ROC (Joel Greenblatt) % of 20.17% is 101.3% 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 Lemon Tree Hotels and its competitors. For the Travel & Leisure industry, the median ROC (Joel Greenblatt) % is 10.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lemon Tree Hotels's current ROC (Joel Greenblatt) % is 20.17%, which is 256% above median its own 10-year median of 5.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lemon Tree Hotels stock overvalued right now?
Based on GuruFocus' analysis, Lemon Tree Hotels (NSE:LEMONTREE) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹181.11, compared to a current price of ₹109.36 — trading 39.6% below its estimated fair value. The current ROC (Joel Greenblatt) % is 20.17%, which is 256% above median its 10-year median of 5.67 and 101.3% above the Travel & Leisure industry median of 10.02. Lemon Tree Hotels' overall GF Score™ is 86/100 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 Lemon Tree Hotels (NSE:LEMONTREE), the current ROC (Joel Greenblatt) % is 20.17% 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 Lemon Tree Hotels (NSE:LEMONTREE) Overvalued in 2026?
Based on GuruFocus' analysis, Lemon Tree Hotels stock appears to be undervalued.
The current stock price of ₹109.36 is trading 39.6% below its estimated GF Value™ of ₹181.11.
GuruFocus considers Lemon Tree Hotels to be Significantly Undervalued.
Key valuation signals for NSE:LEMONTREE:
ROC (Joel Greenblatt) %: 20.17% (256% above median its 10-year median of 5.67)
GF Value™: ₹181.11 vs. price of ₹109.36 (39.6% below fair value)
Industry Position: 101.3% above the Travel & Leisure median (#343 of 844)
No single metric tells the full story. See the NSE:LEMONTREE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lemon Tree Hotels Ltd operates hotels across the upscale, upper-midscale, midscale, and economy segments under seven brands catering to varied guest needs. These include Aurika Hotels and Resorts (upscale), Lemon Tree Premier and Keys Prima (upper-midscale), Lemon Tree Hotels and Keys Select (midscale), and Red Fox and Keys Lite (economy). The company generates revenue by owning, leasing, and managing hotels, earning through room rentals and management commissions. Its operations span metro regions and tier cities across India, with international presence in countries like the United Arab Emirates, Bhutan, and Nepal, focusing on delivering differentiated service and value offerings to a broad customer base.
86GF Score
Get the complete analysis for NSE:LEMONTREE
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:LEMONTREE has been successfully added to your 
