Tenneco Clean Air India (NSE:TENNIND) ROC (Joel Greenblatt) %: 133.83% (As of Jun. 2026) — 29% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:TENNIND Tenneco Clean Air India Ltd NSE:TENNIND
19 GF Score
Price ₹568.60
! 2 Warning Signs
View Full Analysis

What is Tenneco Clean Air India ROC (Joel Greenblatt) %?

Tenneco Clean Air India NSE:TENNIND +2.11% 19 ROC (Joel Greenblatt) % is 133.83% as of Jun. 2026, which is 29% above its 10-year median of 103.74. GuruFocus rates NSE:TENNIND with a GF Score™ of 19/100. The stock has 2 warning signs investors should review. Among 1,334 Vehicles & Parts companies, Tenneco Clean Air India ranks better than 96.93% 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. Tenneco Clean Air India's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 133.83%.

The historical rank and industry rank for Tenneco Clean Air India's ROC (Joel Greenblatt) % or its related term are showing as below:

NSE:TENNIND' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 80.35   Med: 103.74   Max: 131
Current: 100.69

During the past 4 years, Tenneco Clean Air India's highest ROC (Joel Greenblatt) % was 131.00%. The lowest was 80.35%. And the median was 103.74%.

NSE:TENNIND's ROC (Joel Greenblatt) % is ranked better than
96.93% of 1334 companies
in the Vehicles & Parts industry
Industry Median: 12.615 vs NSE:TENNIND: 100.69

Tenneco Clean Air India's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Tenneco Clean Air India  (NSE:TENNIND) 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.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


Tenneco Clean Air India ROC (Joel Greenblatt) % Related Terms


Tenneco Clean Air India ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Tenneco Clean Air India'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.

Tenneco Clean Air India ROC (Joel Greenblatt) % Chart

Tenneco Clean Air India Annual Data
Trend Mar23 Mar24 Mar25 Mar26
ROC (Joel Greenblatt) %
80.35 88.41 119.07 131.00

Tenneco Clean Air India Quarterly Data
Mar23 Mar24 Jun24 Dec24 Mar25 Jun25 Dec25 Mar26 Jun26
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only 129.24 153.07 112.77 141.04 133.83

NSE:TENNIND vs ORLY, AZO: ROC (Joel Greenblatt) % Comparison

For the Auto Parts subindustry, Tenneco Clean Air India'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.


Tenneco Clean Air India ROC (Joel Greenblatt) % vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Tenneco Clean Air India's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Tenneco Clean Air India's ROC (Joel Greenblatt) % falls into.


NSE:TENNIND
19GF Score
Tenneco Clean Air India Ltd NSE:TENNIND
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tenneco Clean Air India 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:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

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.

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6348.33 + 3383.81 + 1498.09) - (10785.11 + 0 + 1011.17)
=-566.05

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Tenneco Clean Air India for the quarter that ended in Jun. 2026 can be restated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=9111.12/( ( (6807.73 + max(-566.05, 0)) + (0 + max(0, 0)) )/ 1 )
=9111.12/( ( 6807.73 + 0 )/ 1 )
=9111.12/6807.73
=133.83 %

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 133.83% mean?
Tenneco Clean Air India (NSE:TENNIND) has a ROC (Joel Greenblatt) % of 133.83% 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 Tenneco Clean Air India and its competitors. This is 29% above median its historical median of 103.74. Over the past decade, Tenneco Clean Air India's ROC (Joel Greenblatt) % has ranged from 80.35 to 131.00. According to the industry distribution chart, Tenneco Clean Air India ranks #41 out of 1334 companies in the Vehicles & Parts industry, placing it in the top 3.1%.
Is Tenneco Clean Air India's ROC (Joel Greenblatt) % too high?
Tenneco Clean Air India's current ROC (Joel Greenblatt) % of 133.83% is 29% above median its 10-year median of 103.74. Over the past 10 years, this metric has ranged from a low of 80.35 to a high of 131.00. The Vehicles & Parts industry median ROC (Joel Greenblatt) % is 12.62. Tenneco Clean Air India's value of 133.83% is 960.9% above this industry median. Based on the distribution chart, Tenneco Clean Air India ranks #41 out of 1334 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Tenneco Clean Air India has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Tenneco Clean Air India's ROC (Joel Greenblatt) % compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Tenneco Clean Air India ranks #41 out of 1334 companies for ROC (Joel Greenblatt) %. This places Tenneco Clean Air India in the top 3% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 12.62. Tenneco Clean Air India's value of 133.83% is 960.9% above this benchmark. Historically, Tenneco Clean Air India's own ROC (Joel Greenblatt) % has ranged from 80.35 to 131.00 over the past decade. While the company's 10-year median is 103.74 vs. the industry median of 12.62, Tenneco Clean Air India 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 Vehicles & Parts company?
The median ROC (Joel Greenblatt) % among Vehicles & Parts companies is 12.62, based on 1,334 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. Tenneco Clean Air India's current ROC (Joel Greenblatt) % of 133.83% is 960.9% 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 Tenneco Clean Air India and its competitors. For the Vehicles & Parts industry, the median ROC (Joel Greenblatt) % is 12.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tenneco Clean Air India's current ROC (Joel Greenblatt) % is 133.83%, which is 29% above median its own 10-year median of 103.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tenneco Clean Air India stock overvalued right now?
Tenneco Clean Air India (NSE:TENNIND) has a current ROC (Joel Greenblatt) % of 133.83%. The current ROC (Joel Greenblatt) % is 133.83%, which is 29% above median its 10-year median of 103.74 and 960.9% above the Vehicles & Parts industry median of 12.62. Tenneco Clean Air India's overall GF Score™ is 19/100 with 2 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 Tenneco Clean Air India (NSE:TENNIND), the current ROC (Joel Greenblatt) % is 133.83% 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.

Tenneco Clean Air India Business Description

Other Exchanges 544612:India
Address Golf Course Road, 10th Floor, Tower B, Paras Twin Towers, Sector-54, Gurugram, HR, IND, 122 002
Tenneco Clean Air India Ltd manufactures and supplies critical, engineered and technology intensive clean air, powertrain and suspension solutions tailored for Indian OEMs and export markets. Its products are used in: (i) passenger vehicles, (ii) commercial vehicles, which comprises commercial trucks and off-highway vehicles, and (iii) industrial and other applications, which comprises generator sets, and small commercial vehicles. The company operates in two business divisions: Clean Air & Powertrain Solutions and Advanced Ride Technologies. It derives a majority portion of its revenue from the design, manufacture and sale of components and solutions to the Medium & Heavy Commercial Vehicles OEMs.
19GF Score

Get the complete analysis for NSE:TENNIND

ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹568.60
Price