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Shivam CementsXNEP:SHIVM -1.00%86 ROC (Joel Greenblatt) % is 23.37% as of Apr. 2026, which is 17% below its 10-year median of 28.24. GuruFocus rates XNEP:SHIVM with a GF Score™ of 86/100 and a GF Value™ of NPR537.65 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 411 Building Materials companies, Shivam Cements ranks better than 89.54% 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. Shivam Cements's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was 23.37%.
The historical rank and industry rank for Shivam Cements's ROC (Joel Greenblatt) % or its related term are showing as below:
XNEP:SHIVM'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 8.66 Med: 28.24 Max: 37.44
Current: 34.61
During the past 9 years, Shivam Cements's highest ROC (Joel Greenblatt) % was 37.44%. The lowest was 8.66%. And the median was 28.24%.
XNEP:SHIVM's ROC (Joel Greenblatt) % is ranked better than 89.54% of 411
companies
in the Building Materials industry
Industry Median: 8.75
vs XNEP:SHIVM: 34.61
Shivam Cements's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -10.70% 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.
Shivam Cements ROC (Joel Greenblatt) % Related Terms
Shivam Cements ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Shivam Cements'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.
XNEP:SHIVM vs CRH, VMC, MLM: ROC (Joel Greenblatt) % Comparison
For the Building Materials subindustry, Shivam Cements'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.
Shivam Cements ROC (Joel Greenblatt) % vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Shivam Cements's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Shivam Cements'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 (Apr. 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 23.37% mean?
Shivam Cements (XNEP:SHIVM) has a ROC (Joel Greenblatt) % of 23.37% as of Apr. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Shivam Cements and its competitors. This is 17% below median its historical median of 28.24. Over the past decade, Shivam Cements' ROC (Joel Greenblatt) % has ranged from 8.66 to 37.44. According to the industry distribution chart, Shivam Cements ranks #43 out of 411 companies in the Building Materials industry, placing it in the top 10.5%.
Is Shivam Cements' ROC (Joel Greenblatt) % too high?
Shivam Cements' current ROC (Joel Greenblatt) % of 23.37% is 17% below median its 10-year median of 28.24. Over the past 10 years, this metric has ranged from a low of 8.66 to a high of 37.44. The Building Materials industry median ROC (Joel Greenblatt) % is 8.75. Shivam Cements' value of 23.37% is 167.1% above this industry median. Based on the distribution chart, Shivam Cements ranks #43 out of 411 companies in the Building Materials industry, which is in the top quartile — a strong position relative to peers. Overall, Shivam Cements has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shivam Cements' ROC (Joel Greenblatt) % compare to CRH and VMC?
According to the Building Materials industry distribution chart, Shivam Cements ranks #43 out of 411 companies for ROC (Joel Greenblatt) %. This places Shivam Cements in the top 11% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 8.75. Shivam Cements' value of 23.37% is 167.1% above this benchmark. Historically, Shivam Cements' own ROC (Joel Greenblatt) % has ranged from 8.66 to 37.44 over the past decade. While the company's 10-year median is 28.24 vs. the industry median of 8.75, Shivam Cements 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 Building Materials company?
The median ROC (Joel Greenblatt) % among Building Materials companies is 8.75, based on 411 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. Shivam Cements's current ROC (Joel Greenblatt) % of 23.37% is 167.1% 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 Shivam Cements and its competitors. For the Building Materials industry, the median ROC (Joel Greenblatt) % is 8.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shivam Cements's current ROC (Joel Greenblatt) % is 23.37%, which is 17% below median its own 10-year median of 28.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shivam Cements stock overvalued right now?
Based on GuruFocus' analysis, Shivam Cements (XNEP:SHIVM) is currently considered Modestly Overvalued. The stock's GF Value™ is NPR537.65, compared to a current price of NPR626.70 — trading 16.6% above its estimated fair value. The current ROC (Joel Greenblatt) % is 23.37%, which is 17% below median its 10-year median of 28.24 and 167.1% above the Building Materials industry median of 8.75. Shivam Cements' overall GF Score™ is 86/100 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 Shivam Cements (XNEP:SHIVM), the current ROC (Joel Greenblatt) % is 23.37% as of Apr. 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 Shivam Cements (XNEP:SHIVM) Overvalued in 2026?
Based on GuruFocus' analysis, Shivam Cements stock appears to be overvalued.
The current stock price of NPR626.70 is trading 16.6% above its estimated GF Value™ of NPR537.65.
GuruFocus considers Shivam Cements to be Modestly Overvalued.
Key valuation signals for XNEP:SHIVM:
ROC (Joel Greenblatt) %: 23.37% (17% below median its 10-year median of 28.24)
GF Value™: NPR537.65 vs. price of NPR626.70 (16.6% above fair value)
Industry Position: 167.1% above the Building Materials median (#43 of 411)
No single metric tells the full story. See the XNEP:SHIVM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shivam Cements Ltd is a Nepal based company engaged in manufacturing of cement and clinker from its self owned limestone quarries. The main product of the company include the Ordinary Portland Cement. Its products include OPC cement 43 Grade and OPC cement 53 grade.
86GF Score
Get the complete analysis for XNEP:SHIVM
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