BCVVF (BOC Aviation) ROC (Joel Greenblatt) %: 4.43% (As of Dec. 2025) — 15% Above Median


BCVVF BOC Aviation Ltd BCVVF
79 GF Score
Price $10.28
GF Value $9.58
Valuation Fairly Valued
! 9 Warning Signs
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What is BOC Aviation ROC (Joel Greenblatt) %?

BOC Aviation BCVVF 79 ROC (Joel Greenblatt) % is 4.43% as of Dec. 2025, which is 15% above its 10-year median of 3.84. GuruFocus rates BCVVF with a GF Score™ of 79/100 and a GF Value™ of $9.58 (Fairly Valued). The stock has 9 warning signs investors should review. Among 1,081 Business Services companies, BOC Aviation ranks worse than 73.64% 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. BOC Aviation's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 4.43%.

The historical rank and industry rank for BOC Aviation's ROC (Joel Greenblatt) % or its related term are showing as below:

BCVVF' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.66   Med: 3.84   Max: 4.21
Current: 3.96

During the past 13 years, BOC Aviation's highest ROC (Joel Greenblatt) % was 4.21%. The lowest was 2.66%. And the median was 3.84%.

BCVVF's ROC (Joel Greenblatt) % is ranked worse than
73.64% of 1081 companies
in the Business Services industry
Industry Median: 20.97 vs BCVVF: 3.96

BOC Aviation's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -2.00% per year.


BOC Aviation  (OTCPK:BCVVF) 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.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


BOC Aviation ROC (Joel Greenblatt) % Related Terms


BOC Aviation ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for BOC Aviation'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.

BOC Aviation ROC (Joel Greenblatt) % Chart

BOC Aviation Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.48 3.74 2.66 2.79 3.94

BOC Aviation Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.78 2.67 2.92 3.50 4.43

BCVVF vs URI, SUNB, AER: ROC (Joel Greenblatt) % Comparison

For the Rental & Leasing Services subindustry, BOC Aviation'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.


BOC Aviation ROC (Joel Greenblatt) % vs Business Services Industry

For the Business Services industry and Industrials sector, BOC Aviation's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where BOC Aviation's ROC (Joel Greenblatt) % falls into.


BCVVF
79GF Score
BOC Aviation Ltd BCVVF
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BOC Aviation 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:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

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.

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7.583 + 0 + 528.095) - (248.678 + 0 + 218.472)
=68.528

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(11.633 + 0 + 293.435) - (373.109 + 0 + 215.077)
=-283.118

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of BOC Aviation for the quarter that ended in Dec. 2025 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=929.11/( ( (20587.178 + max(68.528, 0)) + (21329.561 + max(-283.118, 0)) )/ 2 )
=929.11/( ( 20655.706 + 21329.561 )/ 2 )
=929.11/20992.6335
=4.43 %

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 4.43% mean?
BOC Aviation (BCVVF) has a ROC (Joel Greenblatt) % of 4.43% 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 BOC Aviation and its competitors. This is 15% above median its historical median of 3.84. Over the past decade, BOC Aviation's ROC (Joel Greenblatt) % has ranged from 2.66 to 4.21. According to the industry distribution chart, BOC Aviation ranks #796 out of 1081 companies in the Business Services industry, placing it in the top 73.6%.
Is BOC Aviation's ROC (Joel Greenblatt) % too high?
BOC Aviation's current ROC (Joel Greenblatt) % of 4.43% is 15% above median its 10-year median of 3.84. Over the past 10 years, this metric has ranged from a low of 2.66 to a high of 4.21. The Business Services industry median ROC (Joel Greenblatt) % is 20.97. BOC Aviation's value of 4.43% is 78.9% below this industry median. Based on the distribution chart, BOC Aviation ranks #796 out of 1081 companies in the Business Services industry, which is below the industry midpoint. Overall, BOC Aviation has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does BOC Aviation's ROC (Joel Greenblatt) % compare to URI and SUNB?
According to the Business Services industry distribution chart, BOC Aviation ranks #796 out of 1081 companies for ROC (Joel Greenblatt) %. This places BOC Aviation in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 20.97. BOC Aviation's value of 4.43% is 78.9% below this benchmark. Historically, BOC Aviation's own ROC (Joel Greenblatt) % has ranged from 2.66 to 4.21 over the past decade. While the company's 10-year median is 3.84 vs. the industry median of 20.97, BOC Aviation has consistently been below 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 Business Services company?
The median ROC (Joel Greenblatt) % among Business Services companies is 20.97, based on 1,081 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. BOC Aviation's current ROC (Joel Greenblatt) % of 4.43% is 78.9% below 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 BOC Aviation and its competitors. For the Business Services industry, the median ROC (Joel Greenblatt) % is 20.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BOC Aviation's current ROC (Joel Greenblatt) % is 4.43%, which is 15% above median its own 10-year median of 3.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BOC Aviation stock overvalued right now?
Based on GuruFocus' analysis, BOC Aviation (BCVVF) is currently considered Fairly Valued. The stock's GF Value™ is $9.58, compared to a current price of $10.28 — trading 7.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is 4.43%, which is 15% above median its 10-year median of 3.84 and 78.9% below the Business Services industry median of 20.97. BOC Aviation's overall GF Score™ is 79/100 with 9 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 BOC Aviation (BCVVF), the current ROC (Joel Greenblatt) % is 4.43% 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 BOC Aviation (BCVVF) Overvalued in 2026?

Based on GuruFocus' analysis, BOC Aviation stock appears to be overvalued. The current stock price of $10.28 is trading 7.3% above its estimated GF Value™ of $9.58. GuruFocus considers BOC Aviation to be Fairly Valued.

Key valuation signals for BCVVF:

  • ROC (Joel Greenblatt) %: 4.43% (15% above median its 10-year median of 3.84)
  • GF Value™: $9.58 vs. price of $10.28 (7.3% above fair value)
  • GF Score™: 79/100 with 9 warning signs
  • Industry Position: 78.9% below the Business Services median (#796 of 1081)

No single metric tells the full story. See the BCVVF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


BOC Aviation Business Description

Other Exchanges 02588:Hong Kong8BO:Germany
Address 79 Robinson Road, No. 15-01, Singapore, SGP, 068897
BOC Aviation Ltd is an aircraft leasing company by net book value of owned aircraft, with a portfolio of commercial passenger and cargo aircraft. All revenues are derived from the Group's principal activities of aircraft leasing, management of aircraft leases and other related activities. BOC Aviation offers a wide range of services to airlines and aircraft owners, including direct operating leases and finance leases for aircraft, sale and leaseback facilities, engine finance leases and third party asset management. The company also provides comprehensive aircraft remarketing and technical management services to airlines, banks and other investors. BOC Aviation seeks to provide the highest level of personalized service, adapting its products to meet the needs of individual customers.
79GF Score

Get the complete analysis for BCVVF

ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$10.28
Price
$9.58
GF Value