APAC ResourcesAPPCF 39 ROC (Joel Greenblatt) % is 3,715.36% as of Dec. 2025, which is 1244% above its 10-year median of 276.41. GuruFocus rates APPCF with a GF Score™ of 39/100 and a GF Value™ of $0.21 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 678 Capital Markets companies, APAC Resources ranks better than 96.31% 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. APAC Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 3,715.36%.
The historical rank and industry rank for APAC Resources's ROC (Joel Greenblatt) % or its related term are showing as below:
APPCF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -555.4 Med: 276.41 Max: 2470.39
Current: 2470.39
During the past 13 years, APAC Resources's highest ROC (Joel Greenblatt) % was 2470.39%. The lowest was -555.40%. And the median was 276.41%.
APPCF's ROC (Joel Greenblatt) % is ranked better than 96.31% of 678
companies
in the Capital Markets industry
Industry Median: 34.64
vs APPCF: 2470.39
APAC Resources'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.
APAC Resources ROC (Joel Greenblatt) % Related Terms
APAC Resources ROC (Joel Greenblatt) % Historical Data
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The historical data trend for APAC Resources'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.
APPCF vs MS, GS, SCHW: ROC (Joel Greenblatt) % Comparison
For the Capital Markets subindustry, APAC Resources'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.
APAC Resources ROC (Joel Greenblatt) % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, APAC Resources's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where APAC Resources'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 two times the semi-annual (Dec. 2025) 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 3,715.36% mean?
APAC Resources (APPCF) has a ROC (Joel Greenblatt) % of 3,715.36% as of Dec. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on APAC Resources and its competitors. This is 1244% above median its historical median of 276.41. According to the industry distribution chart, APAC Resources ranks #25 out of 678 companies in the Capital Markets industry, placing it in the top 3.7%.
Is APAC Resources' ROC (Joel Greenblatt) % too high?
APAC Resources' current ROC (Joel Greenblatt) % of 3,715.36% is 1244% above median its 10-year median of 276.41. The Capital Markets industry median ROC (Joel Greenblatt) % is 34.64. APAC Resources' value of 3,715.36% is 10625.6% above this industry median. Based on the distribution chart, APAC Resources ranks #25 out of 678 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, APAC Resources has a GF Score™ of 39/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does APAC Resources' ROC (Joel Greenblatt) % compare to MS and GS?
According to the Capital Markets industry distribution chart, APAC Resources ranks #25 out of 678 companies for ROC (Joel Greenblatt) %. This places APAC Resources in the top 4% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 34.64. APAC Resources' value of 3,715.36% is 10625.6% above this benchmark. While the company's 10-year median is 276.41 vs. the industry median of 34.64, APAC Resources 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 Capital Markets company?
The median ROC (Joel Greenblatt) % among Capital Markets companies is 34.64, based on 678 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. APAC Resources's current ROC (Joel Greenblatt) % of 3,715.36% is 10625.6% 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 APAC Resources and its competitors. For the Capital Markets industry, the median ROC (Joel Greenblatt) % is 34.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. APAC Resources's current ROC (Joel Greenblatt) % is 3,715.36%, which is 1244% above median its own 10-year median of 276.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is APAC Resources stock overvalued right now?
Based on GuruFocus' analysis, APAC Resources (APPCF) is currently considered Modestly Undervalued. The stock's GF Value™ is $0.21, compared to a current price of $0.19 — trading 10% below its estimated fair value. The current ROC (Joel Greenblatt) % is 3,715.36%, which is 1244% above median its 10-year median of 276.41 and 10625.6% above the Capital Markets industry median of 34.64. APAC Resources' overall GF Score™ is 39/100 with 7 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 APAC Resources (APPCF), the current ROC (Joel Greenblatt) % is 3,715.36% as of Dec. 2025. 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 APAC Resources (APPCF) Overvalued in 2026?
Based on GuruFocus' analysis, APAC Resources stock appears to be undervalued.
The current stock price of $0.19 is trading 10% below its estimated GF Value™ of $0.21.
GuruFocus considers APAC Resources to be Modestly Undervalued.
Key valuation signals for APPCF:
ROC (Joel Greenblatt) %: 3,715.36% (1244% above median its 10-year median of 276.41)
GF Value™: $0.21 vs. price of $0.19 (10% below fair value)
Industry Position: 10625.6% above the Capital Markets median (#25 of 678)
No single metric tells the full story. See the APPCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
APAC Resources Ltd is an investment holding company principally engaged in the commodity trading business and resource investment business. The company operates through three business segments, namely Commodity Business, which includes trading of commodities; Resource investment, which is engaged in the trading of and investment in listed and unlisted securities; and Principal investment and financial services, which engages in the provision of loan financing and investments in loan notes, convertible notes, and other financial assets. The company generates maximum revenue from the Commodity Business segment. It operates in Hong Kong, the PRC, Australia, and the Philippines, with the majority of its revenue coming from the PRC.
39GF Score
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