Speb AdhesivesNSE:SPEB -0.28%32 ROC (Joel Greenblatt) % is 45.87% as of Mar. 2026, which is 2% above its 10-year median of 45.13. GuruFocus rates NSE:SPEB with a GF Score™ of 32/100. The stock has 4 warning signs investors should review. Among 1,604 Chemicals companies, Speb Adhesives ranks better than 94.89% 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. Speb Adhesives's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 45.87%.
The historical rank and industry rank for Speb Adhesives's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:SPEB'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 18.12 Med: 45.13 Max: 63.94
Current: 50.98
During the past 5 years, Speb Adhesives's highest ROC (Joel Greenblatt) % was 63.94%. The lowest was 18.12%. And the median was 45.13%.
NSE:SPEB's ROC (Joel Greenblatt) % is ranked better than 94.89% of 1604
companies
in the Chemicals industry
Industry Median: 9.4
vs NSE:SPEB: 50.98
Speb Adhesives'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.
Speb Adhesives ROC (Joel Greenblatt) % Related Terms
Speb Adhesives ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Speb Adhesives'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:SPEB vs LIN, SHW, ECL: ROC (Joel Greenblatt) % Comparison
For the Specialty Chemicals subindustry, Speb Adhesives'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.
Speb Adhesives ROC (Joel Greenblatt) % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Speb Adhesives's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Speb Adhesives'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 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 45.87% mean?
Speb Adhesives (NSE:SPEB) has a ROC (Joel Greenblatt) % of 45.87% 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 Speb Adhesives and its competitors. This is near median its historical median of 45.13. Over the past decade, Speb Adhesives' ROC (Joel Greenblatt) % has ranged from 18.12 to 63.94. According to the industry distribution chart, Speb Adhesives ranks #82 out of 1604 companies in the Chemicals industry, placing it in the top 5.1%.
Is Speb Adhesives' ROC (Joel Greenblatt) % too high?
Speb Adhesives' current ROC (Joel Greenblatt) % of 45.87% is near median its 10-year median of 45.13. Over the past 10 years, this metric has ranged from a low of 18.12 to a high of 63.94. The Chemicals industry median ROC (Joel Greenblatt) % is 9.40. Speb Adhesives' value of 45.87% is 388% above this industry median. Based on the distribution chart, Speb Adhesives ranks #82 out of 1604 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Speb Adhesives has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Speb Adhesives' ROC (Joel Greenblatt) % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Speb Adhesives ranks #82 out of 1604 companies for ROC (Joel Greenblatt) %. This places Speb Adhesives in the top 5% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 9.40. Speb Adhesives' value of 45.87% is 388% above this benchmark. Historically, Speb Adhesives' own ROC (Joel Greenblatt) % has ranged from 18.12 to 63.94 over the past decade. While the company's 10-year median is 45.13 vs. the industry median of 9.40, Speb Adhesives 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 Chemicals company?
The median ROC (Joel Greenblatt) % among Chemicals companies is 9.40, based on 1,604 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. Speb Adhesives's current ROC (Joel Greenblatt) % of 45.87% is 388% 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 Speb Adhesives and its competitors. For the Chemicals industry, the median ROC (Joel Greenblatt) % is 9.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Speb Adhesives's current ROC (Joel Greenblatt) % is 45.87%, which is near median its own 10-year median of 45.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Speb Adhesives stock overvalued right now?
Speb Adhesives (NSE:SPEB) has a current ROC (Joel Greenblatt) % of 45.87%. The current ROC (Joel Greenblatt) % is 45.87%, which is near median its 10-year median of 45.13 and 388% above the Chemicals industry median of 9.40. Speb Adhesives' overall GF Score™ is 32/100 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 Speb Adhesives (NSE:SPEB), the current ROC (Joel Greenblatt) % is 45.87% 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.
Speb Adhesives Ltd is engaged in the manufacturing of solvent-based synthetic rubber adhesives and offers water-based adhesives. The company focuses on in-house manufacturing of solvent-based adhesives, with water-based adhesives being produced on a contractual manufacturing basis. Its product portfolio includes various products customized for industrial and retail applications, such as multi-purpose adhesives, spray-grade adhesives, premium bonding adhesives, Ducting and Insulation adhesives, woodworking adhesives, footwear-grade adhesives, and adhesives used in Generator Sets. The company operates a B2B model through three business channels: dealer-distribution network, industrial sales, and government supply contracts. It generates the majority of its revenue from overseas markets.
32GF Score
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