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Lumax Auto TechnologiesNSE:LUMAXTECH +0.99%78 ROC (Joel Greenblatt) % is 42.12% as of Mar. 2026, which is 65% above its 10-year median of 25.52. GuruFocus rates NSE:LUMAXTECH with a GF Score™ of 78/100 and a GF Value™ of ₹984.40 (Significantly Overvalued). Among 1,331 Vehicles & Parts companies, Lumax Auto Technologies ranks better than 89.11% 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. Lumax Auto Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 42.12%.
The historical rank and industry rank for Lumax Auto Technologies's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:LUMAXTECH'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 17.98 Med: 25.52 Max: 39.05
Current: 39.05
During the past 13 years, Lumax Auto Technologies's highest ROC (Joel Greenblatt) % was 39.05%. The lowest was 17.98%. And the median was 25.52%.
NSE:LUMAXTECH's ROC (Joel Greenblatt) % is ranked better than 89.11% of 1331
companies
in the Vehicles & Parts industry
Industry Median: 12.07
vs NSE:LUMAXTECH: 39.05
Lumax Auto Technologies's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 12.80% per year.
Lumax Auto Technologies (NSE:LUMAXTECH) 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.
Lumax Auto Technologies ROC (Joel Greenblatt) % Related Terms
Lumax Auto Technologies ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Lumax Auto Technologies'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.
Lumax Auto Technologies ROC (Joel Greenblatt) % Chart
NSE:LUMAXTECH vs ORLY, AZO: ROC (Joel Greenblatt) % Comparison
For the Auto Parts subindustry, Lumax Auto Technologies'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.
Lumax Auto Technologies ROC (Joel Greenblatt) % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Lumax Auto Technologies's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Lumax Auto Technologies's ROC (Joel Greenblatt) % falls into.
Lumax Auto Technologies 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 42.12% mean?
Lumax Auto Technologies (NSE:LUMAXTECH) has a ROC (Joel Greenblatt) % of 42.12% 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 Lumax Auto Technologies and its competitors. This is 65% above median its historical median of 25.52. Over the past decade, Lumax Auto Technologies' ROC (Joel Greenblatt) % has ranged from 17.98 to 39.05. According to the industry distribution chart, Lumax Auto Technologies ranks #145 out of 1331 companies in the Vehicles & Parts industry, placing it in the top 10.9%.
Is Lumax Auto Technologies' ROC (Joel Greenblatt) % too high?
Lumax Auto Technologies' current ROC (Joel Greenblatt) % of 42.12% is 65% above median its 10-year median of 25.52. Over the past 10 years, this metric has ranged from a low of 17.98 to a high of 39.05. The Vehicles & Parts industry median ROC (Joel Greenblatt) % is 12.07. Lumax Auto Technologies' value of 42.12% is 249% above this industry median. Based on the distribution chart, Lumax Auto Technologies ranks #145 out of 1331 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Lumax Auto Technologies has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lumax Auto Technologies' ROC (Joel Greenblatt) % compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Lumax Auto Technologies ranks #145 out of 1331 companies for ROC (Joel Greenblatt) %. This places Lumax Auto Technologies in the top 11% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 12.07. Lumax Auto Technologies' value of 42.12% is 249% above this benchmark. Historically, Lumax Auto Technologies' own ROC (Joel Greenblatt) % has ranged from 17.98 to 39.05 over the past decade. While the company's 10-year median is 25.52 vs. the industry median of 12.07, Lumax Auto Technologies 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 Vehicles & Parts company?
The median ROC (Joel Greenblatt) % among Vehicles & Parts companies is 12.07, based on 1,331 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. Lumax Auto Technologies's current ROC (Joel Greenblatt) % of 42.12% is 249% 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 Lumax Auto Technologies and its competitors. For the Vehicles & Parts industry, the median ROC (Joel Greenblatt) % is 12.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lumax Auto Technologies's current ROC (Joel Greenblatt) % is 42.12%, which is 65% above median its own 10-year median of 25.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lumax Auto Technologies stock overvalued right now?
Based on GuruFocus' analysis, Lumax Auto Technologies (NSE:LUMAXTECH) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹984.40, compared to a current price of ₹1,516.50 — trading 54.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 42.12%, which is 65% above median its 10-year median of 25.52 and 249% above the Vehicles & Parts industry median of 12.07. Lumax Auto Technologies' overall GF Score™ is 78/100. 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 Lumax Auto Technologies (NSE:LUMAXTECH), the current ROC (Joel Greenblatt) % is 42.12% 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 Lumax Auto Technologies (NSE:LUMAXTECH) Overvalued in 2026?
Based on GuruFocus' analysis, Lumax Auto Technologies stock appears to be overvalued.
The current stock price of ₹1,516.50 is trading 54.1% above its estimated GF Value™ of ₹984.40.
GuruFocus considers Lumax Auto Technologies to be Significantly Overvalued.
Key valuation signals for NSE:LUMAXTECH:
ROC (Joel Greenblatt) %: 42.12% (65% above median its 10-year median of 25.52)
GF Value™: ₹984.40 vs. price of ₹1,516.50 (54.1% above fair value)
Industry Position: 249% above the Vehicles & Parts median (#145 of 1331)
No single metric tells the full story. See the NSE:LUMAXTECH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lumax Auto Technologies Ltd operates in the automobile components industry. The company is engaged in the business of manufacturing automotive lighting equipment and automotive components. The company provides automotive parts like Lighting, Chassis, Gear shifter, Integrated plastic modules, Aftermarket, Seat structures, and other products.
78GF Score
Get the complete analysis for NSE:LUMAXTECH
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