Bualuang Office Leasehold REIT (BKK:B-WORK) ROC (Joel Greenblatt) %: 0.00% (As of Jun. 2026)

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BKK:B-WORK Bualuang Office Leasehold REIT BKK:B-WORK
62 GF Score
Price ฿6.15
GF Value ฿3.92
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is Bualuang Office Leasehold REIT ROC (Joel Greenblatt) %?

Bualuang Office Leasehold REIT BKK:B-WORK 62 ROC (Joel Greenblatt) % is 0.00% as of Jun. 2026. GuruFocus rates BKK:B-WORK with a GF Score™ of 62/100 and a GF Value™ of ฿3.92 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 578 REITs companies, Bualuang Office Leasehold REIT ranks worse than 173010.21% 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. Bualuang Office Leasehold REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 0.00%.

The historical rank and industry rank for Bualuang Office Leasehold REIT's ROC (Joel Greenblatt) % or its related term are showing as below:

BKK:B-WORK's ROC (Joel Greenblatt) % is not ranked *
in the REITs industry.
Industry Median: 191.865
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

Bualuang Office Leasehold REIT's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Bualuang Office Leasehold REIT  (BKK:B-WORK) 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.


Bualuang Office Leasehold REIT ROC (Joel Greenblatt) % Related Terms


Bualuang Office Leasehold REIT ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Bualuang Office Leasehold REIT'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.

Bualuang Office Leasehold REIT ROC (Joel Greenblatt) % Chart

Bualuang Office Leasehold REIT Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 0.00

Bualuang Office Leasehold REIT Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.00 0.00 0.00 0.00 0.00

BKK:B-WORK vs BXP, ARE, VNO: ROC (Joel Greenblatt) % Comparison

For the REIT - Office subindustry, Bualuang Office Leasehold REIT'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.


Bualuang Office Leasehold REIT ROC (Joel Greenblatt) % vs REITs Industry

For the REITs industry and Real Estate sector, Bualuang Office Leasehold REIT's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Bualuang Office Leasehold REIT's ROC (Joel Greenblatt) % falls into.


BKK:B-WORK
62GF Score
Bualuang Office Leasehold REIT BKK:B-WORK
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bualuang Office Leasehold REIT 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: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(39.356 + 0 + 11.833) - (49.662 + 137.676 + 0)
=-136.149

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(43.891 + 0 + 11.833) - (62.226 + 128.58 + 0)
=-135.082

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Bualuang Office Leasehold REIT for the quarter that ended in Jun. 2026 can be restated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=298.5/( ( (0 + max(-136.149, 0)) + (0 + max(-135.082, 0)) )/ 1 )
=298.5/( ( 0 + 0 )/ 1 )
=298.5/0
= %

Note: The EBIT data used here is four times the quarterly (Jun. 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 0.00% mean?
Bualuang Office Leasehold REIT (BKK:B-WORK) has a ROC (Joel Greenblatt) % of 0.00% as of Jun. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Bualuang Office Leasehold REIT and its competitors. According to the industry distribution chart, Bualuang Office Leasehold REIT ranks #999999 out of 578 companies in the REITs industry.
Is Bualuang Office Leasehold REIT's ROC (Joel Greenblatt) % too high?
Bualuang Office Leasehold REIT's current ROC (Joel Greenblatt) % is 0.00%. Based on the distribution chart, Bualuang Office Leasehold REIT ranks #999999 out of 578 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Bualuang Office Leasehold REIT has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bualuang Office Leasehold REIT's ROC (Joel Greenblatt) % compare to BXP and ARE?
According to the REITs industry distribution chart, Bualuang Office Leasehold REIT ranks #999999 out of 578 companies for ROC (Joel Greenblatt) %. This places Bualuang Office Leasehold REIT in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 191.87. 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 REITs company?
The median ROC (Joel Greenblatt) % among REITs companies is 191.87, based on 578 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 Bualuang Office Leasehold REIT and its competitors. For the REITs industry, the median ROC (Joel Greenblatt) % is 191.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bualuang Office Leasehold REIT's current ROC (Joel Greenblatt) % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bualuang Office Leasehold REIT stock overvalued right now?
Based on GuruFocus' analysis, Bualuang Office Leasehold REIT (BKK:B-WORK) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿3.92, compared to a current price of ฿6.15 — trading 56.9% above its estimated fair value. The current ROC (Joel Greenblatt) % is 0.00%. Bualuang Office Leasehold REIT's overall GF Score™ is 62/100 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 Bualuang Office Leasehold REIT (BKK:B-WORK), the current ROC (Joel Greenblatt) % is 0.00% as of Jun. 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 Bualuang Office Leasehold REIT (BKK:B-WORK) Overvalued in 2026?

Based on GuruFocus' analysis, Bualuang Office Leasehold REIT stock appears to be overvalued. The current stock price of ฿6.15 is trading 56.9% above its estimated GF Value™ of ฿3.92. GuruFocus considers Bualuang Office Leasehold REIT to be Significantly Overvalued.

Key valuation signals for BKK:B-WORK:

  • ROC (Joel Greenblatt) %: 0.00%
  • GF Value™: ฿3.92 vs. price of ฿6.15 (56.9% above fair value)
  • GF Score™: 62/100 with 9 warning signs

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


Bualuang Office Leasehold REIT Business Description

Industry Real EstateREITs
Address South Sathorn Road, 175 Sathorn City Tower, 7th, 21st and 26th Floor, Thungmahamek, Sathorn, Bangkok, THA, 10120
Bualuang Office Leasehold REIT is an investment company. The Trust's objectives are to raise funds from investors and use funds to invest in the leasehold properties by lease and/ or sublease under 2 projects as follows: 1. True Tower 1 Project and 2. True Tower 2 Project. The Trust's main operations are derived from rental and service income from investing in properties and leasehold rights, seeking the benefits from properties, and properties for rent. The Trust has only one geographical segment that operates only in Thailand.
62GF Score

Get the complete analysis for BKK:B-WORK

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

฿6.15
Price
฿3.92
GF Value