ASN Broker PCLBKK:ASN-R 55 ROC (Joel Greenblatt) % is 60.16% as of Mar. 2026, which is 20% above its 10-year median of 49.99. GuruFocus rates BKK:ASN-R with a GF Score™ of 55/100 and a GF Value™ of ฿1.52. The stock has 4 warning signs investors should review. Among 63 Insurance companies, ASN Broker PCL ranks worse than 61.9% 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. ASN Broker PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 60.16%.
The historical rank and industry rank for ASN Broker PCL's ROC (Joel Greenblatt) % or its related term are showing as below:
BKK:ASN-R'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 31.8 Med: 49.99 Max: 597.75
Current: 48.58
During the past 11 years, ASN Broker PCL's highest ROC (Joel Greenblatt) % was 597.75%. The lowest was 31.80%. And the median was 49.99%.
BKK:ASN-R's ROC (Joel Greenblatt) % is ranked worse than 61.9% of 63
companies
in the Insurance industry
Industry Median: 79.14
vs BKK:ASN-R: 48.58
ASN Broker PCL's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -2.40% 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.
ASN Broker PCL ROC (Joel Greenblatt) % Related Terms
ASN Broker PCL ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for ASN Broker 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:ASN-R vs MRSH, AON, AJG: ROC (Joel Greenblatt) % Comparison
For the Insurance Brokers subindustry, ASN Broker 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.
ASN Broker PCL ROC (Joel Greenblatt) % vs Insurance Industry
For the Insurance industry and Financial Services sector, ASN Broker PCL's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where ASN Broker 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 60.16% mean?
ASN Broker PCL (BKK:ASN-R) has a ROC (Joel Greenblatt) % of 60.16% 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 ASN Broker PCL and its competitors. This is 20% above median its historical median of 49.99. Over the past decade, ASN Broker PCL's ROC (Joel Greenblatt) % has ranged from 31.80 to 597.75. According to the industry distribution chart, ASN Broker PCL ranks #39 out of 63 companies in the Insurance industry, placing it in the top 61.9%.
Is ASN Broker PCL's ROC (Joel Greenblatt) % too high?
ASN Broker PCL's current ROC (Joel Greenblatt) % of 60.16% is 20% above median its 10-year median of 49.99. Over the past 10 years, this metric has ranged from a low of 31.80 to a high of 597.75. The Insurance industry median ROC (Joel Greenblatt) % is 79.14. ASN Broker PCL's value of 60.16% is 24% below this industry median. Based on the distribution chart, ASN Broker PCL ranks #39 out of 63 companies in the Insurance industry, which is below the industry midpoint. Overall, ASN Broker PCL has a GF Score™ of 55/100, reflecting its overall financial health beyond just this single metric.
How does ASN Broker PCL's ROC (Joel Greenblatt) % compare to MRSH and AON?
According to the Insurance industry distribution chart, ASN Broker PCL ranks #39 out of 63 companies for ROC (Joel Greenblatt) %. This places ASN Broker PCL in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 79.14. ASN Broker PCL's value of 60.16% is 24% below this benchmark. Historically, ASN Broker PCL's own ROC (Joel Greenblatt) % has ranged from 31.80 to 597.75 over the past decade. While the company's 10-year median is 49.99 vs. the industry median of 79.14, ASN Broker PCL 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 an Insurance company?
The median ROC (Joel Greenblatt) % among Insurance companies is 79.14, based on 63 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. ASN Broker PCL's current ROC (Joel Greenblatt) % of 60.16% is 24% 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 ASN Broker PCL and its competitors. For the Insurance industry, the median ROC (Joel Greenblatt) % is 79.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ASN Broker PCL's current ROC (Joel Greenblatt) % is 60.16%, which is 20% above median its own 10-year median of 49.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASN Broker PCL stock overvalued right now?
ASN Broker PCL (BKK:ASN-R) has a current ROC (Joel Greenblatt) % of 60.16%. The stock's GF Value™ is ฿1.52, compared to a current price of ฿0.68 — trading 55.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is 60.16%, which is 20% above median its 10-year median of 49.99 and 24% below the Insurance industry median of 79.14. ASN Broker PCL's overall GF Score™ is 55/100 with 4 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 ASN Broker PCL (BKK:ASN-R), the current ROC (Joel Greenblatt) % is 60.16% 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 ASN Broker PCL (BKK:ASN-R) Overvalued in 2026?
Based on GuruFocus' analysis, ASN Broker PCL stock appears to be undervalued.
The current stock price of ฿0.68 is trading 55.3% below its estimated GF Value™ of ฿1.52.
Key valuation signals for BKK:ASN-R:
ROC (Joel Greenblatt) %: 60.16% (20% above median its 10-year median of 49.99)
GF Value™: ฿1.52 vs. price of ฿0.68 (55.3% below fair value)
Industry Position: 24% below the Insurance median (#39 of 63)
No single metric tells the full story. See the BKK:ASN-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ASN Broker PCL is a Thailand-based company operating as a direct non-life insurance broker, mainly focusing on selling automobile insurance products. It has also expanded into the personal loan, title loan, and hire purchase business under the name ASN Finance. The Group's reportable segments are: Insurance Broker, Peer-to-peer lending platform, and Loan. Maximum revenue is generated from the Insurance Broker segment, which includes non-life insurance brokers and life insurance broker services. The Loan segment includes lending services through title loans and hire purchase. The Group is managed and operates principally in Thailand.
55GF Score
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