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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. Motilal Oswal Financial Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 111.34%.
The historical rank and industry rank for Motilal Oswal Financial Services's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:MOTILALOFS'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 274.22 Med: 503.29 Max: 840.01
Current: 487.51
During the past 13 years, Motilal Oswal Financial Services's highest ROC (Joel Greenblatt) % was 840.01%. The lowest was 274.22%. And the median was 503.29%.
NSE:MOTILALOFS's ROC (Joel Greenblatt) % is ranked better than 84.51% of 678
companies
in the Capital Markets industry
Industry Median: 34.895
vs NSE:MOTILALOFS: 487.51
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.
* 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:MOTILALOFS vs MS, GS, SCHW: ROC (Joel Greenblatt) % Comparison
For the Capital Markets subindustry, Motilal Oswal 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.
Motilal Oswal Financial Services ROC (Joel Greenblatt) % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Motilal Oswal Financial Services's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Motilal Oswal 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 111.34% mean?
Motilal Oswal Financial Services (NSE:MOTILALOFS) has a ROC (Joel Greenblatt) % of 111.34% 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 Motilal Oswal Financial Services and its competitors. This is 78% below median its historical median of 503.29. Over the past decade, Motilal Oswal Financial Services' ROC (Joel Greenblatt) % has ranged from 274.22 to 840.01. According to the industry distribution chart, Motilal Oswal Financial Services ranks #105 out of 678 companies in the Capital Markets industry, placing it in the top 15.5%.
Is Motilal Oswal Financial Services' ROC (Joel Greenblatt) % too high?
Motilal Oswal Financial Services' current ROC (Joel Greenblatt) % of 111.34% is 78% below median its 10-year median of 503.29. Over the past 10 years, this metric has ranged from a low of 274.22 to a high of 840.01. The Capital Markets industry median ROC (Joel Greenblatt) % is 34.90. Motilal Oswal Financial Services' value of 111.34% is 219.1% above this industry median. Based on the distribution chart, Motilal Oswal Financial Services ranks #105 out of 678 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Motilal Oswal Financial Services has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Motilal Oswal Financial Services' ROC (Joel Greenblatt) % compare to MS and GS?
According to the Capital Markets industry distribution chart, Motilal Oswal Financial Services ranks #105 out of 678 companies for ROC (Joel Greenblatt) %. This places Motilal Oswal Financial Services in the top 16% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 34.90. Motilal Oswal Financial Services' value of 111.34% is 219.1% above this benchmark. Historically, Motilal Oswal Financial Services' own ROC (Joel Greenblatt) % has ranged from 274.22 to 840.01 over the past decade. While the company's 10-year median is 503.29 vs. the industry median of 34.90, Motilal Oswal 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 Capital Markets company?
The median ROC (Joel Greenblatt) % among Capital Markets companies is 34.90, based on 678 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. Motilal Oswal Financial Services's current ROC (Joel Greenblatt) % of 111.34% is 219.1% 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 Motilal Oswal Financial Services and its competitors. For the Capital Markets industry, the median ROC (Joel Greenblatt) % is 34.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Motilal Oswal Financial Services's current ROC (Joel Greenblatt) % is 111.34%, which is 78% below median its own 10-year median of 503.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Motilal Oswal Financial Services stock overvalued right now?
Based on GuruFocus' analysis, Motilal Oswal Financial Services (NSE:MOTILALOFS) is currently considered Fairly Valued. The stock's GF Value™ is ₹948.37, compared to a current price of ₹964.75 — trading 1.7% above its estimated fair value. The current ROC (Joel Greenblatt) % is 111.34%, which is 78% below median its 10-year median of 503.29 and 219.1% above the Capital Markets industry median of 34.90. Motilal Oswal Financial Services' overall GF Score™ is 92/100 with 8 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 Motilal Oswal Financial Services (NSE:MOTILALOFS), the current ROC (Joel Greenblatt) % is 111.34% 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 Motilal Oswal Financial Services (NSE:MOTILALOFS) Overvalued in 2026?
Based on GuruFocus' analysis, Motilal Oswal Financial Services stock appears to be overvalued.
The current stock price of ₹964.75 is trading 1.7% above its estimated GF Value™ of ₹948.37.
GuruFocus considers Motilal Oswal Financial Services to be Fairly Valued.
Key valuation signals for NSE:MOTILALOFS:
ROC (Joel Greenblatt) %: 111.34% (78% below median its 10-year median of 503.29)
GF Value™: ₹948.37 vs. price of ₹964.75 (1.7% above fair value)
Industry Position: 219.1% above the Capital Markets median (#105 of 678)
No single metric tells the full story. See the NSE:MOTILALOFS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Motilal Oswal Financial Services Business Description
Motilal Oswal Financial Services Ltd provides a range of financial services, including private wealth management, retail broking and distribution, institutional broking, asset management, investment banking, private equity, commodity broking, and home finance. The group majorly generates revenue through its broking operations. Its broking and distribution segment offers research-based advisory services to help retail customers across India make investment decisions. The services cover various asset classes and investment types, such as mutual funds and insurance products.
92GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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