Applicad PCLBKK:APP +3.97%90 ROC (Joel Greenblatt) % is 127.82% as of Mar. 2026, which is 57% above its 10-year median of 81.59. GuruFocus rates BKK:APP with a GF Score™ of 90/100 and a GF Value™ of ฿2.63 (Fairly Valued). The stock has 3 warning signs investors should review. Among 2,801 Software companies, Applicad PCL ranks better than 76.12% 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. Applicad PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 127.82%.
The historical rank and industry rank for Applicad PCL's ROC (Joel Greenblatt) % or its related term are showing as below:
BKK:APP'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 52.65 Med: 81.59 Max: 149.23
Current: 122.03
During the past 10 years, Applicad PCL's highest ROC (Joel Greenblatt) % was 149.23%. The lowest was 52.65%. And the median was 81.59%.
BKK:APP's ROC (Joel Greenblatt) % is ranked better than 76.12% of 2801
companies
in the Software industry
Industry Median: 19.99
vs BKK:APP: 122.03
Applicad PCL's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 13.00% 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.
Applicad PCL ROC (Joel Greenblatt) % Related Terms
Applicad PCL ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Applicad 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.
BKK:APP vs UBER, SHOP, CRM: ROC (Joel Greenblatt) % Comparison
For the Software - Application subindustry, Applicad 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.
Applicad PCL ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Applicad PCL's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Applicad PCL'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 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 127.82% mean?
Applicad PCL (BKK:APP) has a ROC (Joel Greenblatt) % of 127.82% 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 Applicad PCL and its competitors. This is 57% above median its historical median of 81.59. Over the past decade, Applicad PCL's ROC (Joel Greenblatt) % has ranged from 52.65 to 149.23. According to the industry distribution chart, Applicad PCL ranks #669 out of 2801 companies in the Software industry, placing it in the top 23.9%.
Is Applicad PCL's ROC (Joel Greenblatt) % too high?
Applicad PCL's current ROC (Joel Greenblatt) % of 127.82% is 57% above median its 10-year median of 81.59. Over the past 10 years, this metric has ranged from a low of 52.65 to a high of 149.23. The Software industry median ROC (Joel Greenblatt) % is 19.99. Applicad PCL's value of 127.82% is 539.4% above this industry median. Based on the distribution chart, Applicad PCL ranks #669 out of 2801 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Applicad PCL has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Applicad PCL's ROC (Joel Greenblatt) % compare to UBER and SHOP?
According to the Software industry distribution chart, Applicad PCL ranks #669 out of 2801 companies for ROC (Joel Greenblatt) %. This places Applicad PCL in the top 24% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 19.99. Applicad PCL's value of 127.82% is 539.4% above this benchmark. Historically, Applicad PCL's own ROC (Joel Greenblatt) % has ranged from 52.65 to 149.23 over the past decade. While the company's 10-year median is 81.59 vs. the industry median of 19.99, Applicad PCL 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 Software company?
The median ROC (Joel Greenblatt) % among Software companies is 19.99, based on 2,801 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. Applicad PCL's current ROC (Joel Greenblatt) % of 127.82% is 539.4% 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 Applicad PCL and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 19.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Applicad PCL's current ROC (Joel Greenblatt) % is 127.82%, which is 57% above median its own 10-year median of 81.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Applicad PCL stock overvalued right now?
Based on GuruFocus' analysis, Applicad PCL (BKK:APP) is currently considered Fairly Valued. The stock's GF Value™ is ฿2.63, compared to a current price of ฿2.62 — trading 0.4% below its estimated fair value. The current ROC (Joel Greenblatt) % is 127.82%, which is 57% above median its 10-year median of 81.59 and 539.4% above the Software industry median of 19.99. Applicad PCL's overall GF Score™ is 90/100 with 3 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 Applicad PCL (BKK:APP), the current ROC (Joel Greenblatt) % is 127.82% 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 Applicad PCL (BKK:APP) Overvalued in 2026?
Based on GuruFocus' analysis, Applicad PCL stock appears to be undervalued.
The current stock price of ฿2.62 is trading 0.4% below its estimated GF Value™ of ฿2.63.
GuruFocus considers Applicad PCL to be Fairly Valued.
Key valuation signals for BKK:APP:
ROC (Joel Greenblatt) %: 127.82% (57% above median its 10-year median of 81.59)
GF Value™: ฿2.63 vs. price of ฿2.62 (0.4% below fair value)
Industry Position: 539.4% above the Software median (#669 of 2801)
No single metric tells the full story. See the BKK:APP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Applicad PCL main business is the sale of computer programs and maintenance services for computer programs, machines and equipment, and the design and development of related products and services. The company operates through three segments: Computer Software Sales division, engaged in the sale of computer programs for specific applications and peripherals and generating maximum revenue; Sale Division of Machinery, Equipment and Other Products, engaged in the sale of machinery, computer parts, spare parts, materials and other products; and Service Division, providing computer maintenance services, design and manufacture of industrial parts and prototypes, and other services. Geographically, the company operates in Thailand and Indonesia, while earning key revenue from sales in Thailand.
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