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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. Universus Photo Imagings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -856.95%.
The historical rank and industry rank for Universus Photo Imagings's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:UNIVPHOTO'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1102.79 Med: 214.58 Max: 3242.19
Current: -155.93
During the past 11 years, Universus Photo Imagings's highest ROC (Joel Greenblatt) % was 3242.19%. The lowest was -1102.79%. And the median was 214.58%.
NSE:UNIVPHOTO's ROC (Joel Greenblatt) % is ranked worse than 79.47% of 838
companies
in the Medical Devices & Instruments industry
Industry Median: 4.145
vs NSE:UNIVPHOTO: -155.93
Universus Photo Imagings'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.
Universus Photo Imagings ROC (Joel Greenblatt) % Related Terms
Universus Photo Imagings ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Universus Photo Imagings'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:UNIVPHOTO vs ABT, SYK, MDT: ROC (Joel Greenblatt) % Comparison
For the Medical Devices subindustry, Universus Photo Imagings'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.
Universus Photo Imagings ROC (Joel Greenblatt) % vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Universus Photo Imagings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Universus Photo Imagings'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 -856.95% mean?
Universus Photo Imagings (NSE:UNIVPHOTO) has a ROC (Joel Greenblatt) % of -856.95% 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 Universus Photo Imagings and its competitors. According to the industry distribution chart, Universus Photo Imagings ranks #666 out of 838 companies in the Medical Devices & Instruments industry, placing it in the top 79.5%.
Is Universus Photo Imagings' ROC (Joel Greenblatt) % too high?
Universus Photo Imagings' current ROC (Joel Greenblatt) % is -856.95%. Based on the distribution chart, Universus Photo Imagings ranks #666 out of 838 companies in the Medical Devices & Instruments industry, which is in the bottom quartile relative to peers. Overall, Universus Photo Imagings has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Universus Photo Imagings' ROC (Joel Greenblatt) % compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Universus Photo Imagings ranks #666 out of 838 companies for ROC (Joel Greenblatt) %. This places Universus Photo Imagings in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 4.15. 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 Medical Devices & Instruments company?
The median ROC (Joel Greenblatt) % among Medical Devices & Instruments companies is 4.15, based on 838 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 Universus Photo Imagings and its competitors. For the Medical Devices & Instruments industry, the median ROC (Joel Greenblatt) % is 4.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Universus Photo Imagings's current ROC (Joel Greenblatt) % is -856.95%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Universus Photo Imagings stock overvalued right now?
Based on GuruFocus' analysis, Universus Photo Imagings (NSE:UNIVPHOTO) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹175.26, compared to a current price of ₹436.30 — trading 148.9% above its estimated fair value. The current ROC (Joel Greenblatt) % is -856.95%. Universus Photo Imagings' overall GF Score™ is 53/100 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 Universus Photo Imagings (NSE:UNIVPHOTO), the current ROC (Joel Greenblatt) % is -856.95% 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 Universus Photo Imagings (NSE:UNIVPHOTO) Overvalued in 2026?
Based on GuruFocus' analysis, Universus Photo Imagings stock appears to be overvalued.
The current stock price of ₹436.30 is trading 148.9% above its estimated GF Value™ of ₹175.26.
GuruFocus considers Universus Photo Imagings to be Significantly Overvalued.
Key valuation signals for NSE:UNIVPHOTO:
ROC (Joel Greenblatt) %: -856.95%
GF Value™: ₹175.26 vs. price of ₹436.30 (148.9% above fair value)
No single metric tells the full story. See the NSE:UNIVPHOTO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Universus Photo Imagings Ltd specializes in manufacturing, selling, distributing, converting, and producing X-ray films and NTR (non-toxic radiographic) films with matt and glossy finishes. These films are used for medical imaging and various photographic applications such as photo albums, certificates, playing cards, gift cards, visiting cards, calendars, menu cards, wedding cards, and modeling portfolios. The company operates a high-tech manufacturing facility located at Dadra in the Union Territory of Dadra and Nagar Haveli, India. Revenue is generated through the sale of these imaging products to medical and photographic industries.
53GF Score
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