Airports Of ThailandAPTPF 92 ROC (Joel Greenblatt) % is 21.71% as of Mar. 2026, which is 22% above its 10-year median of 17.75. GuruFocus rates APTPF with a GF Score™ of 92/100 and a GF Value™ of $1.71 (Fairly Valued). The stock has 7 warning signs investors should review. Among 996 Transportation companies, Airports Of Thailand ranks better than 65.76% 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. Airports Of Thailand's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 21.71%.
The historical rank and industry rank for Airports Of Thailand's ROC (Joel Greenblatt) % or its related term are showing as below:
APTPF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -13.62 Med: 17.75 Max: 33.84
Current: 17.33
During the past 13 years, Airports Of Thailand's highest ROC (Joel Greenblatt) % was 33.84%. The lowest was -13.62%. And the median was 17.75%.
APTPF's ROC (Joel Greenblatt) % is ranked better than 65.76% of 996
companies
in the Transportation industry
Industry Median: 11.695
vs APTPF: 17.33
Airports Of Thailand's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Airports Of Thailand (OTCPK:APTPF) ROC (Joel Greenblatt) % Explanation
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.
Airports Of Thailand ROC (Joel Greenblatt) % Related Terms
Airports Of Thailand ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Airports Of Thailand'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.
Airports Of Thailand ROC (Joel Greenblatt) % Chart
APTPF vs JOBY, CAAP: ROC (Joel Greenblatt) % Comparison
For the Airports & Air Services subindustry, Airports Of Thailand'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.
Airports Of Thailand ROC (Joel Greenblatt) % vs Transportation Industry
For the Transportation industry and Industrials sector, Airports Of Thailand's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Airports Of Thailand's ROC (Joel Greenblatt) % falls into.
Airports Of Thailand ROC (Joel Greenblatt) % Calculation
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 21.71% mean?
Airports Of Thailand (APTPF) has a ROC (Joel Greenblatt) % of 21.71% 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 Airports Of Thailand and its competitors. This is 22% above median its historical median of 17.75. According to the industry distribution chart, Airports Of Thailand ranks #341 out of 996 companies in the Transportation industry, placing it in the top 34.2%.
Is Airports Of Thailand's ROC (Joel Greenblatt) % too high?
Airports Of Thailand's current ROC (Joel Greenblatt) % of 21.71% is 22% above median its 10-year median of 17.75. The Transportation industry median ROC (Joel Greenblatt) % is 11.70. Airports Of Thailand's value of 21.71% is 85.6% above this industry median. Based on the distribution chart, Airports Of Thailand ranks #341 out of 996 companies in the Transportation industry, which is above the industry midpoint. Overall, Airports Of Thailand has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Airports Of Thailand's ROC (Joel Greenblatt) % compare to JOBY and CAAP?
According to the Transportation industry distribution chart, Airports Of Thailand ranks #341 out of 996 companies for ROC (Joel Greenblatt) %. This puts Airports Of Thailand in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.70. Airports Of Thailand's value of 21.71% is 85.6% above this benchmark. While the company's 10-year median is 17.75 vs. the industry median of 11.70, Airports Of Thailand 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 Transportation company?
The median ROC (Joel Greenblatt) % among Transportation companies is 11.70, based on 996 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. Airports Of Thailand's current ROC (Joel Greenblatt) % of 21.71% is 85.6% 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 Airports Of Thailand and its competitors. For the Transportation industry, the median ROC (Joel Greenblatt) % is 11.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Airports Of Thailand's current ROC (Joel Greenblatt) % is 21.71%, which is 22% above median its own 10-year median of 17.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Airports Of Thailand stock overvalued right now?
Based on GuruFocus' analysis, Airports Of Thailand (APTPF) is currently considered Fairly Valued. The stock's GF Value™ is $1.71, compared to a current price of $1.73 — trading 0.9% above its estimated fair value. The current ROC (Joel Greenblatt) % is 21.71%, which is 22% above median its 10-year median of 17.75 and 85.6% above the Transportation industry median of 11.70. Airports Of Thailand's overall GF Score™ is 92/100 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 Airports Of Thailand (APTPF), the current ROC (Joel Greenblatt) % is 21.71% 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 Airports Of Thailand (APTPF) Overvalued in 2026?
Based on GuruFocus' analysis, Airports Of Thailand stock appears to be overvalued.
The current stock price of $1.73 is trading 0.9% above its estimated GF Value™ of $1.71.
GuruFocus considers Airports Of Thailand to be Fairly Valued.
Key valuation signals for APTPF:
ROC (Joel Greenblatt) %: 21.71% (22% above median its 10-year median of 17.75)
GF Value™: $1.71 vs. price of $1.73 (0.9% above fair value)
Industry Position: 85.6% above the Transportation median (#341 of 996)
No single metric tells the full story. See the APTPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Airports Of Thailand PLC operates airports and provides services related to air transportation. Its airports, located in Thailand, serve both domestic and international flights. The company operates in various business segments such as airport management business, hotel business, ground aviation services, security business, and manages projects on perishable goods. The majority of its revenue is derived from its airport management business under which it generates income mainly from two categories of services: aeronautical and nonaeronautical. Aeronautical revenue is associated with air traffic, including landing and parking charges, and passenger and aircraft service charges. Nonaeronautical revenue is generated from office and state property rents.
92GF Score
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