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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. Religare Enterprises's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was -231.36%.
The historical rank and industry rank for Religare Enterprises's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:RELIGARE'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -2339.25 Med: 171.27 Max: 3408.25
Current: 45.45
During the past 13 years, Religare Enterprises's highest ROC (Joel Greenblatt) % was 3408.25%. The lowest was -2339.25%. And the median was 171.27%.
NSE:RELIGARE's ROC (Joel Greenblatt) % is ranked worse than 62.5% of 64
companies
in the Insurance industry
Industry Median: 69.845
vs NSE:RELIGARE: 45.45
Religare Enterprises's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
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.
Religare Enterprises ROC (Joel Greenblatt) % Related Terms
Religare Enterprises ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Religare Enterprises'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:RELIGARE vs AFL, MET, PRU: ROC (Joel Greenblatt) % Comparison
For the Insurance - Life subindustry, Religare Enterprises'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.
Religare Enterprises ROC (Joel Greenblatt) % vs Insurance Industry
For the Insurance industry and Financial Services sector, Religare Enterprises's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Religare Enterprises'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 (Jun. 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 -231.36% mean?
Religare Enterprises (NSE:RELIGARE) has a ROC (Joel Greenblatt) % of -231.36% as of Jun. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Religare Enterprises and its competitors. According to the industry distribution chart, Religare Enterprises ranks #40 out of 64 companies in the Insurance industry, placing it in the top 62.5%.
Is Religare Enterprises' ROC (Joel Greenblatt) % too high?
Religare Enterprises' current ROC (Joel Greenblatt) % is -231.36%. Based on the distribution chart, Religare Enterprises ranks #40 out of 64 companies in the Insurance industry, which is below the industry midpoint. Overall, Religare Enterprises has a GF Score™ of 72/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Religare Enterprises' ROC (Joel Greenblatt) % compare to AFL and MET?
According to the Insurance industry distribution chart, Religare Enterprises ranks #40 out of 64 companies for ROC (Joel Greenblatt) %. This places Religare Enterprises in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 69.85. 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 an Insurance company?
The median ROC (Joel Greenblatt) % among Insurance companies is 69.85, based on 64 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. 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 Religare Enterprises and its competitors. For the Insurance industry, the median ROC (Joel Greenblatt) % is 69.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Religare Enterprises's current ROC (Joel Greenblatt) % is -231.36%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Religare Enterprises stock overvalued right now?
Based on GuruFocus' analysis, Religare Enterprises (NSE:RELIGARE) is currently considered Possible Value Trap. The stock's GF Value™ is ₹438.93, compared to a current price of ₹231.60 — trading 47.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is -231.36%. Religare Enterprises' overall GF Score™ is 72/100 with 4 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 Religare Enterprises (NSE:RELIGARE), the current ROC (Joel Greenblatt) % is -231.36% as of Jun. 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 Religare Enterprises (NSE:RELIGARE) Overvalued in 2026?
Based on GuruFocus' analysis, Religare Enterprises stock appears to be undervalued.
The current stock price of ₹231.60 is trading 47.2% below its estimated GF Value™ of ₹438.93.
GuruFocus considers Religare Enterprises to be Possible Value Trap.
Key valuation signals for NSE:RELIGARE:
ROC (Joel Greenblatt) %: -231.36%
GF Value™: ₹438.93 vs. price of ₹231.60 (47.2% below fair value)
No single metric tells the full story. See the NSE:RELIGARE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Religare Enterprises Ltd is an India-based company that is principally engaged in providing diversified financial services, including loans to small and midsize enterprises, affordable housing finance, health insurance, capital markets, and wealth management. The company operates via various subsidiaries and operating entities such as Insurance (Health and Travel - Care Health Insurance Limited), Retail Broking (Religare Broking Limited), SME Finance (NBFC) Religare Finvest Limited, Housing Finance (Affordable) [Religare Housing Development Finance Corporation Limited]. It generates around two-thirds of total revenue from investment and financing activity. The company concentrates its business in India and generates the majority of revenue from the domestic market.
72GF Score
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