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P S Raj SteelsNSE:PSRAJ +0.18%19 ROC (Joel Greenblatt) % is 16.83% as of Mar. 2026, which is 4% above its 10-year median of 16.25. GuruFocus rates NSE:PSRAJ with a GF Score™ of 19/100. The stock has 5 warning signs investors should review. Among 632 Steel companies, P S Raj Steels ranks better than 76.11% 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. P S Raj Steels's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 16.83%.
The historical rank and industry rank for P S Raj Steels's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:PSRAJ'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 15.53 Med: 16.25 Max: 22.27
Current: 16.26
During the past 5 years, P S Raj Steels's highest ROC (Joel Greenblatt) % was 22.27%. The lowest was 15.53%. And the median was 16.25%.
NSE:PSRAJ's ROC (Joel Greenblatt) % is ranked better than 76.11% of 632
companies
in the Steel industry
Industry Median: 7.355
vs NSE:PSRAJ: 16.26
P S Raj Steels's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
P S Raj Steels (NSE:PSRAJ) 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.
P S Raj Steels ROC (Joel Greenblatt) % Related Terms
P S Raj Steels ROC (Joel Greenblatt) % Historical Data
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The historical data trend for P S Raj Steels'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:PSRAJ vs NUE, STLD, RS: ROC (Joel Greenblatt) % Comparison
For the Steel subindustry, P S Raj Steels'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.
P S Raj Steels ROC (Joel Greenblatt) % vs Steel Industry
For the Steel industry and Basic Materials sector, P S Raj Steels's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where P S Raj Steels's ROC (Joel Greenblatt) % falls into.
P S Raj Steels 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 two times the semi-annual (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 16.83% mean?
P S Raj Steels (NSE:PSRAJ) has a ROC (Joel Greenblatt) % of 16.83% 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 P S Raj Steels and its competitors. This is near median its historical median of 16.25. Over the past decade, P S Raj Steels' ROC (Joel Greenblatt) % has ranged from 15.53 to 22.27. According to the industry distribution chart, P S Raj Steels ranks #151 out of 632 companies in the Steel industry, placing it in the top 23.9%.
Is P S Raj Steels' ROC (Joel Greenblatt) % too high?
P S Raj Steels' current ROC (Joel Greenblatt) % of 16.83% is near median its 10-year median of 16.25. Over the past 10 years, this metric has ranged from a low of 15.53 to a high of 22.27. The Steel industry median ROC (Joel Greenblatt) % is 7.36. P S Raj Steels' value of 16.83% is 128.8% above this industry median. Based on the distribution chart, P S Raj Steels ranks #151 out of 632 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, P S Raj Steels has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does P S Raj Steels' ROC (Joel Greenblatt) % compare to NUE and STLD?
According to the Steel industry distribution chart, P S Raj Steels ranks #151 out of 632 companies for ROC (Joel Greenblatt) %. This places P S Raj Steels in the top 24% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 7.36. P S Raj Steels' value of 16.83% is 128.8% above this benchmark. Historically, P S Raj Steels' own ROC (Joel Greenblatt) % has ranged from 15.53 to 22.27 over the past decade. While the company's 10-year median is 16.25 vs. the industry median of 7.36, P S Raj Steels 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 Steel company?
The median ROC (Joel Greenblatt) % among Steel companies is 7.36, based on 632 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. P S Raj Steels's current ROC (Joel Greenblatt) % of 16.83% is 128.8% 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 P S Raj Steels and its competitors. For the Steel industry, the median ROC (Joel Greenblatt) % is 7.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. P S Raj Steels's current ROC (Joel Greenblatt) % is 16.83%, which is near median its own 10-year median of 16.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is P S Raj Steels stock overvalued right now?
P S Raj Steels (NSE:PSRAJ) has a current ROC (Joel Greenblatt) % of 16.83%. The current ROC (Joel Greenblatt) % is 16.83%, which is near median its 10-year median of 16.25 and 128.8% above the Steel industry median of 7.36. P S Raj Steels' overall GF Score™ is 19/100 with 5 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 P S Raj Steels (NSE:PSRAJ), the current ROC (Joel Greenblatt) % is 16.83% 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.
P S Raj Steels Ltd manufactures and supplies stainless steel pipes and tubes in India. The company's product range includes Outer Diameter (OD) Pipes, Nominal Bore (NB) Pipes (from 3/8 inch to 18 inches), Section Pipes (square, rectangular and oval shapes) and Slotted Pipes.
19GF Score
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