Tata Motors Passenger VehiclesNSE:TMPV -1.37%69 ROC (Joel Greenblatt) % is 32.09% as of Mar. 2026, which is 265% above its 10-year median of 8.78. GuruFocus rates NSE:TMPV with a GF Score™ of 69/100 and a GF Value™ of ₹333.08 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,337 Vehicles & Parts companies, Tata Motors Passenger Vehicles ranks worse than 75.32% 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. Tata Motors Passenger Vehicles's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 32.09%.
The historical rank and industry rank for Tata Motors Passenger Vehicles's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:TMPV'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -32.16 Med: 8.78 Max: 39.48
Current: 3.18
During the past 13 years, Tata Motors Passenger Vehicles's highest ROC (Joel Greenblatt) % was 39.48%. The lowest was -32.16%. And the median was 8.78%.
NSE:TMPV's ROC (Joel Greenblatt) % is ranked worse than 75.32% of 1337
companies
in the Vehicles & Parts industry
Industry Median: 11.83
vs NSE:TMPV: 3.18
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.
* 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:TMPV vs TSLA, GM, F: ROC (Joel Greenblatt) % Comparison
For the Auto Manufacturers subindustry, Tata Motors Passenger Vehicles'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.
Tata Motors Passenger Vehicles ROC (Joel Greenblatt) % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Tata Motors Passenger Vehicles's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Tata Motors Passenger Vehicles'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 32.09% mean?
Tata Motors Passenger Vehicles (NSE:TMPV) has a ROC (Joel Greenblatt) % of 32.09% 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 Tata Motors Passenger Vehicles and its competitors. This is 265% above median its historical median of 8.78. According to the industry distribution chart, Tata Motors Passenger Vehicles ranks #1007 out of 1337 companies in the Vehicles & Parts industry, placing it in the top 75.3%.
Is Tata Motors Passenger Vehicles' ROC (Joel Greenblatt) % too high?
Tata Motors Passenger Vehicles' current ROC (Joel Greenblatt) % of 32.09% is 265% above median its 10-year median of 8.78. The Vehicles & Parts industry median ROC (Joel Greenblatt) % is 11.83. Tata Motors Passenger Vehicles' value of 32.09% is 171.3% above this industry median. Based on the distribution chart, Tata Motors Passenger Vehicles ranks #1007 out of 1337 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Tata Motors Passenger Vehicles has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tata Motors Passenger Vehicles' ROC (Joel Greenblatt) % compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Tata Motors Passenger Vehicles ranks #1007 out of 1337 companies for ROC (Joel Greenblatt) %. This places Tata Motors Passenger Vehicles in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 11.83. Tata Motors Passenger Vehicles' value of 32.09% is 171.3% above this benchmark. While the company's 10-year median is 8.78 vs. the industry median of 11.83, Tata Motors Passenger Vehicles 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 11.83, based on 1,337 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. Tata Motors Passenger Vehicles's current ROC (Joel Greenblatt) % of 32.09% is 171.3% 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 Tata Motors Passenger Vehicles and its competitors. For the Vehicles & Parts industry, the median ROC (Joel Greenblatt) % is 11.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tata Motors Passenger Vehicles's current ROC (Joel Greenblatt) % is 32.09%, which is 265% above median its own 10-year median of 8.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tata Motors Passenger Vehicles stock overvalued right now?
Based on GuruFocus' analysis, Tata Motors Passenger Vehicles (NSE:TMPV) is currently considered Fairly Valued. The stock's GF Value™ is ₹333.08, compared to a current price of ₹349.70 — trading 5% above its estimated fair value. The current ROC (Joel Greenblatt) % is 32.09%, which is 265% above median its 10-year median of 8.78 and 171.3% above the Vehicles & Parts industry median of 11.83. Tata Motors Passenger Vehicles' overall GF Score™ is 69/100 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 Tata Motors Passenger Vehicles (NSE:TMPV), the current ROC (Joel Greenblatt) % is 32.09% 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 Tata Motors Passenger Vehicles (NSE:TMPV) Overvalued in 2026?
Based on GuruFocus' analysis, Tata Motors Passenger Vehicles stock appears to be overvalued.
The current stock price of ₹349.70 is trading 5% above its estimated GF Value™ of ₹333.08.
GuruFocus considers Tata Motors Passenger Vehicles to be Fairly Valued.
Key valuation signals for NSE:TMPV:
ROC (Joel Greenblatt) %: 32.09% (265% above median its 10-year median of 8.78)
GF Value™: ₹333.08 vs. price of ₹349.70 (5% above fair value)
Industry Position: 171.3% above the Vehicles & Parts median (#1007 of 1337)
No single metric tells the full story. See the NSE:TMPV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tata Motors Passenger Vehicles Business Description
Tata Motors Passenger Vehicles Ltd Formerly Tata Motors Ltd designs, manufactures and sells a wide range of automotive vehicles and provides information technology services. The company also manufactures engines for industrial applications. Its operating segments include Automotive and Others. It mainly operates in the automotive business. The automotive business includes all activities relating to development, design, manufacture, assembly and sale of vehicles, as well as sale of related parts, accessories and services. The Automotive segment consists of three reportable sub-segments: Tata Commercial Vehicles, Tata Passenger Vehicles and Jaguar Land Rover of which majority of revenue comes from Jaguar Land Rover. It has majority of sales from India followed by United States, UK, etc.
69GF Score
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