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TCI ExpressNSE:TCIEXP -3.17%83 ROC (Joel Greenblatt) % is 12.84% as of Mar. 2026, which is 67% below its 10-year median of 38.65. GuruFocus rates NSE:TCIEXP with a GF Score™ of 83/100 and a GF Value™ of ₹921.74 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 998 Transportation companies, TCI Express ranks better than 64.93% 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. TCI Express's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 12.84%.
The historical rank and industry rank for TCI Express's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:TCIEXP'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 16.66 Med: 38.65 Max: 47.05
Current: 17.07
During the past 12 years, TCI Express's highest ROC (Joel Greenblatt) % was 47.05%. The lowest was 16.66%. And the median was 38.65%.
NSE:TCIEXP's ROC (Joel Greenblatt) % is ranked better than 64.93% of 998
companies
in the Transportation industry
Industry Median: 11.805
vs NSE:TCIEXP: 17.07
TCI Express's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -18.40% 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.
TCI Express ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for TCI Express'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:TCIEXP vs UPS, FDX, JBHT: ROC (Joel Greenblatt) % Comparison
For the Integrated Freight & Logistics subindustry, TCI Express'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.
TCI Express ROC (Joel Greenblatt) % vs Transportation Industry
For the Transportation industry and Industrials sector, TCI Express's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where TCI Express'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 12.84% mean?
TCI Express (NSE:TCIEXP) has a ROC (Joel Greenblatt) % of 12.84% 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 TCI Express and its competitors. This is 67% below median its historical median of 38.65. Over the past decade, TCI Express' ROC (Joel Greenblatt) % has ranged from 16.66 to 47.05. According to the industry distribution chart, TCI Express ranks #350 out of 998 companies in the Transportation industry, placing it in the top 35.1%.
Is TCI Express' ROC (Joel Greenblatt) % too high?
TCI Express' current ROC (Joel Greenblatt) % of 12.84% is 67% below median its 10-year median of 38.65. Over the past 10 years, this metric has ranged from a low of 16.66 to a high of 47.05. The Transportation industry median ROC (Joel Greenblatt) % is 11.81. TCI Express' value of 12.84% is 8.8% above this industry median. Based on the distribution chart, TCI Express ranks #350 out of 998 companies in the Transportation industry, which is above the industry midpoint. Overall, TCI Express has a GF Score™ of 83/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does TCI Express' ROC (Joel Greenblatt) % compare to UPS and FDX?
According to the Transportation industry distribution chart, TCI Express ranks #350 out of 998 companies for ROC (Joel Greenblatt) %. This puts TCI Express in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.81. TCI Express' value of 12.84% is 8.8% above this benchmark. Historically, TCI Express' own ROC (Joel Greenblatt) % has ranged from 16.66 to 47.05 over the past decade. While the company's 10-year median is 38.65 vs. the industry median of 11.81, TCI Express 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 Transportation company?
The median ROC (Joel Greenblatt) % among Transportation companies is 11.81, based on 998 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. TCI Express's current ROC (Joel Greenblatt) % of 12.84% is 8.8% 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 TCI Express and its competitors. For the Transportation industry, the median ROC (Joel Greenblatt) % is 11.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TCI Express's current ROC (Joel Greenblatt) % is 12.84%, which is 67% below median its own 10-year median of 38.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TCI Express stock overvalued right now?
Based on GuruFocus' analysis, TCI Express (NSE:TCIEXP) is currently considered Possible Value Trap. The stock's GF Value™ is ₹921.74, compared to a current price of ₹562.30 — trading 39% below its estimated fair value. The current ROC (Joel Greenblatt) % is 12.84%, which is 67% below median its 10-year median of 38.65 and 8.8% above the Transportation industry median of 11.81. TCI Express' overall GF Score™ is 83/100 with 6 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 TCI Express (NSE:TCIEXP), the current ROC (Joel Greenblatt) % is 12.84% 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 TCI Express (NSE:TCIEXP) Overvalued in 2026?
Based on GuruFocus' analysis, TCI Express stock appears to be undervalued.
The current stock price of ₹562.30 is trading 39% below its estimated GF Value™ of ₹921.74.
GuruFocus considers TCI Express to be Possible Value Trap.
Key valuation signals for NSE:TCIEXP:
ROC (Joel Greenblatt) %: 12.84% (67% below median its 10-year median of 38.65)
GF Value™: ₹921.74 vs. price of ₹562.30 (39% below fair value)
Industry Position: 8.8% above the Transportation median (#350 of 998)
No single metric tells the full story. See the NSE:TCIEXP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TCI Express Ltd is a courier service company. The company provides surface express, domestic air express, international air express, e-commerce express, and others. It serves industries such as automobiles, retail, telecom, pharmaceuticals, and e-commerce. The company's only reportable segment being Express Cargo.
83GF Score
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