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Kelsian GroupASX:KLS -1.38%92 ROC (Joel Greenblatt) % is 13.51% as of Dec. 2025, which is 4% below its 10-year median of 14.08. GuruFocus rates ASX:KLS with a GF Score™ of 92/100 and a GF Value™ of A$6.03 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 997 Transportation companies, Kelsian Group ranks better than 56.47% 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. Kelsian Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 13.51%.
The historical rank and industry rank for Kelsian Group's ROC (Joel Greenblatt) % or its related term are showing as below:
ASX:KLS'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.68 Med: 14.08 Max: 27.7
Current: 13.86
During the past 12 years, Kelsian Group's highest ROC (Joel Greenblatt) % was 27.70%. The lowest was 0.68%. And the median was 14.08%.
ASX:KLS's ROC (Joel Greenblatt) % is ranked better than 56.47% of 997
companies
in the Transportation industry
Industry Median: 11.75
vs ASX:KLS: 13.86
Kelsian Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 51.30% per year.
Kelsian Group (ASX:KLS) 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.
Kelsian Group ROC (Joel Greenblatt) % Related Terms
Kelsian Group ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Kelsian Group'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.
ASX:KLS vs UNP, CSX, NSC: ROC (Joel Greenblatt) % Comparison
For the Railroads subindustry, Kelsian Group'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.
Kelsian Group ROC (Joel Greenblatt) % vs Transportation Industry
For the Transportation industry and Industrials sector, Kelsian Group's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Kelsian Group'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 13.51% mean?
Kelsian Group (ASX:KLS) has a ROC (Joel Greenblatt) % of 13.51% 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 Kelsian Group and its competitors. This is near median its historical median of 14.08. Over the past decade, Kelsian Group's ROC (Joel Greenblatt) % has ranged from 0.68 to 27.70. According to the industry distribution chart, Kelsian Group ranks #434 out of 997 companies in the Transportation industry, placing it in the top 43.5%.
Is Kelsian Group's ROC (Joel Greenblatt) % too high?
Kelsian Group's current ROC (Joel Greenblatt) % of 13.51% is near median its 10-year median of 14.08. Over the past 10 years, this metric has ranged from a low of 0.68 to a high of 27.70. The Transportation industry median ROC (Joel Greenblatt) % is 11.75. Kelsian Group's value of 13.51% is 15% above this industry median. Based on the distribution chart, Kelsian Group ranks #434 out of 997 companies in the Transportation industry, which is above the industry midpoint. Overall, Kelsian Group has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kelsian Group's ROC (Joel Greenblatt) % compare to UNP and CSX?
According to the Transportation industry distribution chart, Kelsian Group ranks #434 out of 997 companies for ROC (Joel Greenblatt) %. This puts Kelsian Group in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.75. Kelsian Group's value of 13.51% is 15% above this benchmark. Historically, Kelsian Group's own ROC (Joel Greenblatt) % has ranged from 0.68 to 27.70 over the past decade. While the company's 10-year median is 14.08 vs. the industry median of 11.75, Kelsian Group 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 11.75, based on 997 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. Kelsian Group's current ROC (Joel Greenblatt) % of 13.51% is 15% 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 Kelsian Group and its competitors. For the Transportation industry, the median ROC (Joel Greenblatt) % is 11.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kelsian Group's current ROC (Joel Greenblatt) % is 13.51%, which is near median its own 10-year median of 14.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kelsian Group stock overvalued right now?
Based on GuruFocus' analysis, Kelsian Group (ASX:KLS) is currently considered Modestly Undervalued. The stock's GF Value™ is A$6.03, compared to a current price of A$4.28 — trading 29% below its estimated fair value. The current ROC (Joel Greenblatt) % is 13.51%, which is near median its 10-year median of 14.08 and 15% above the Transportation industry median of 11.75. Kelsian Group's overall GF Score™ is 92/100 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 Kelsian Group (ASX:KLS), the current ROC (Joel Greenblatt) % is 13.51% 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 Kelsian Group (ASX:KLS) Overvalued in 2026?
Based on GuruFocus' analysis, Kelsian Group stock appears to be undervalued.
The current stock price of A$4.28 is trading 29% below its estimated GF Value™ of A$6.03.
GuruFocus considers Kelsian Group to be Modestly Undervalued.
Key valuation signals for ASX:KLS:
ROC (Joel Greenblatt) %: 13.51% (near median its 10-year median of 14.08)
GF Value™: A$6.03 vs. price of A$4.28 (29% below fair value)
Industry Position: 15% above the Transportation median (#434 of 997)
No single metric tells the full story. See the ASX:KLS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kelsian operates public transport bus services throughout Australia, Singapore, and the UK on behalf of state governments. In the private sector, the group provides commuter transport services to resource companies, corporates, and education providers in Australia and the United States. Kelsian also provides marine transportation and a variety of tourism-related services throughout Australia, including ferry services, leisure cruises, accommodation, bus tours, and packaged holidays. In February 2026, Kelsian announced it had entered into an agreement to divest the leisure-centric tourism assets.
92GF Score
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