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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. Asset Five Group PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -1.17%.
The historical rank and industry rank for Asset Five Group PCL's ROC (Joel Greenblatt) % or its related term are showing as below:
BKK:A5'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -35.95 Med: 10.17 Max: 62.34
Current: 3.85
During the past 13 years, Asset Five Group PCL's highest ROC (Joel Greenblatt) % was 62.34%. The lowest was -35.95%. And the median was 10.17%.
BKK:A5's ROC (Joel Greenblatt) % is ranked worse than 67.88% of 1753
companies
in the Real Estate industry
Industry Median: 13.46
vs BKK:A5: 3.85
Asset Five Group PCL's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -4.00% per year.
Asset Five Group PCL (BKK:A5) 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.
Asset Five Group PCL ROC (Joel Greenblatt) % Related Terms
Asset Five Group PCL ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Asset Five Group PCL'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.
Asset Five Group PCL ROC (Joel Greenblatt) % Chart
Asset Five Group PCL ROC (Joel Greenblatt) % Competitor Comparison
For the Real Estate - Development subindustry, Asset Five Group PCL'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.
Asset Five Group PCL ROC (Joel Greenblatt) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Asset Five Group PCL's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Asset Five Group PCL's ROC (Joel Greenblatt) % falls into.
Asset Five Group PCL 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 -1.17% mean?
Asset Five Group PCL (BKK:A5) has a ROC (Joel Greenblatt) % of -1.17% 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 Asset Five Group PCL and its competitors. According to the industry distribution chart, Asset Five Group PCL ranks #1190 out of 1753 companies in the Real Estate industry, placing it in the top 67.9%.
Is Asset Five Group PCL's ROC (Joel Greenblatt) % too high?
Asset Five Group PCL's current ROC (Joel Greenblatt) % is -1.17%. Based on the distribution chart, Asset Five Group PCL ranks #1190 out of 1753 companies in the Real Estate industry, which is below the industry midpoint. Overall, Asset Five Group PCL has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Asset Five Group PCL's ROC (Joel Greenblatt) % compare to competitors?
According to the Real Estate industry distribution chart, Asset Five Group PCL ranks #1190 out of 1753 companies for ROC (Joel Greenblatt) %. This places Asset Five Group PCL in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 13.46. 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 Real Estate company?
The median ROC (Joel Greenblatt) % among Real Estate companies is 13.46, based on 1,753 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. 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 Asset Five Group PCL and its competitors. For the Real Estate industry, the median ROC (Joel Greenblatt) % is 13.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asset Five Group PCL's current ROC (Joel Greenblatt) % is -1.17%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asset Five Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Asset Five Group PCL (BKK:A5) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿1.99, compared to a current price of ฿1.79 — trading 10.1% below its estimated fair value. The current ROC (Joel Greenblatt) % is -1.17%. Asset Five Group PCL's overall GF Score™ is 77/100 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 Asset Five Group PCL (BKK:A5), the current ROC (Joel Greenblatt) % is -1.17% 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 Asset Five Group PCL (BKK:A5) Overvalued in 2026?
Based on GuruFocus' analysis, Asset Five Group PCL stock appears to be undervalued.
The current stock price of ฿1.79 is trading 10.1% below its estimated GF Value™ of ฿1.99.
GuruFocus considers Asset Five Group PCL to be Modestly Undervalued.
Key valuation signals for BKK:A5:
ROC (Joel Greenblatt) %: -1.17%
GF Value™: ฿1.99 vs. price of ฿1.79 (10.1% below fair value)
No single metric tells the full story. See the BKK:A5 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asset Five Group PCL operates as a holding company. The firm is engaged in real estate development. It generates revenue from the sales of houses and sales of condominiums, of which key revenue is derived from the sales of houses. The Group is involved virtually in real estate development for sales business, and to provide services related to the real estate development business for sale in the form of interior, decoration, and renovation contracts. The group's operations are located in Thailand.
77GF Score
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