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ZF Steering Gear (India)NSE:ZFSTEERING -1.92%67 ROC (Joel Greenblatt) % is 8.45% as of Mar. 2026, which is 17% below its 10-year median of 10.19. GuruFocus rates NSE:ZFSTEERING with a GF Score™ of 67/100 and a GF Value™ of ₹84.68 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,331 Vehicles & Parts companies, ZF Steering Gear (India) ranks worse than 58.75% 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. ZF Steering Gear (India)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 8.45%.
The historical rank and industry rank for ZF Steering Gear (India)'s ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:ZFSTEERING'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -6.58 Med: 10.19 Max: 30.67
Current: 9.13
During the past 13 years, ZF Steering Gear (India)'s highest ROC (Joel Greenblatt) % was 30.67%. The lowest was -6.58%. And the median was 10.19%.
NSE:ZFSTEERING's ROC (Joel Greenblatt) % is ranked worse than 58.75% of 1331
companies
in the Vehicles & Parts industry
Industry Median: 12.07
vs NSE:ZFSTEERING: 9.13
ZF Steering Gear (India)'s 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 15.60% 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.
ZF Steering Gear (India) ROC (Joel Greenblatt) % Related Terms
ZF Steering Gear (India) ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for ZF Steering Gear (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.
NSE:ZFSTEERING vs ORLY, AZO: ROC (Joel Greenblatt) % Comparison
For the Auto Parts subindustry, ZF Steering Gear (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.
ZF Steering Gear (India) ROC (Joel Greenblatt) % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, ZF Steering Gear (India)'s ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where ZF Steering Gear (India)'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 8.45% mean?
ZF Steering Gear (India) (NSE:ZFSTEERING) has a ROC (Joel Greenblatt) % of 8.45% 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 ZF Steering Gear (India) and its competitors. This is 17% below median its historical median of 10.19. According to the industry distribution chart, ZF Steering Gear (India) ranks #782 out of 1331 companies in the Vehicles & Parts industry, placing it in the top 58.8%.
Is ZF Steering Gear (India)'s ROC (Joel Greenblatt) % too high?
ZF Steering Gear (India)'s current ROC (Joel Greenblatt) % of 8.45% is 17% below median its 10-year median of 10.19. The Vehicles & Parts industry median ROC (Joel Greenblatt) % is 12.07. ZF Steering Gear (India)'s value of 8.45% is 30% below this industry median. Based on the distribution chart, ZF Steering Gear (India) ranks #782 out of 1331 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, ZF Steering Gear (India) has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ZF Steering Gear (India)'s ROC (Joel Greenblatt) % compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, ZF Steering Gear (India) ranks #782 out of 1331 companies for ROC (Joel Greenblatt) %. This places ZF Steering Gear (India) in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 12.07. ZF Steering Gear (India)'s value of 8.45% is 30% below this benchmark. While the company's 10-year median is 10.19 vs. the industry median of 12.07, ZF Steering Gear (India) has consistently been below 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 12.07, based on 1,331 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. ZF Steering Gear (India)'s current ROC (Joel Greenblatt) % of 8.45% is 30% below 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 ZF Steering Gear (India) and its competitors. For the Vehicles & Parts industry, the median ROC (Joel Greenblatt) % is 12.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ZF Steering Gear (India)'s current ROC (Joel Greenblatt) % is 8.45%, which is 17% below median its own 10-year median of 10.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ZF Steering Gear (India) stock overvalued right now?
Based on GuruFocus' analysis, ZF Steering Gear (India) (NSE:ZFSTEERING) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹84.68, compared to a current price of ₹665.95 — trading 686.4% above its estimated fair value. The current ROC (Joel Greenblatt) % is 8.45%, which is 17% below median its 10-year median of 10.19 and 30% below the Vehicles & Parts industry median of 12.07. ZF Steering Gear (India)'s overall GF Score™ is 67/100 with 1 warning sign 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 ZF Steering Gear (India) (NSE:ZFSTEERING), the current ROC (Joel Greenblatt) % is 8.45% 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 ZF Steering Gear (India) (NSE:ZFSTEERING) Overvalued in 2026?
Based on GuruFocus' analysis, ZF Steering Gear (India) stock appears to be overvalued.
The current stock price of ₹665.95 is trading 686.4% above its estimated GF Value™ of ₹84.68.
GuruFocus considers ZF Steering Gear (India) to be Significantly Overvalued.
Key valuation signals for NSE:ZFSTEERING:
ROC (Joel Greenblatt) %: 8.45% (17% below median its 10-year median of 10.19)
GF Value™: ₹84.68 vs. price of ₹665.95 (686.4% above fair value)
Industry Position: 30% below the Vehicles & Parts median (#782 of 1331)
No single metric tells the full story. See the NSE:ZFSTEERING stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ZF Steering Gear (India) Ltd produces and assembles steering systems for vehicles, buses, and tractors. The segment in which the group operates includes Auto Component and Renewable Energy. The company's product range includes steering systems, vane pumps, pump pulleys, oil reservoirs, steering and pump mounting brackets, steering columns, intermediate shafts, universal joints, bevel gears boxes, and power steering oil dexron II. ZF Steering operates its business activity through the plant located in Vadu Budruk, Pune. The company generates the majority of its revenue from the Auto component, which is engaged in the manufacturing of auto components.
67GF Score
Get the complete analysis for NSE:ZFSTEERING
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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