Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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. Bangkok Commercial Asset Management PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 4.86%.
BKK:BAM'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 7.28 Med: 13.82 Max: 37.67
Current: 7.28
During the past 10 years, Bangkok Commercial Asset Management PCL's highest ROC (Joel Greenblatt) % was 37.67%. The lowest was 7.28%. And the median was 13.82%.
BKK:BAM's ROC (Joel Greenblatt) % is ranked worse than 64.33% of 628
companies
in the Asset Management industry
Industry Median: 62.7
vs BKK:BAM: 7.28
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.
* 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:BAM vs BLK, BX, KKR: ROC (Joel Greenblatt) % Comparison
For the Asset Management subindustry, Bangkok Commercial Asset Management 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.
Bangkok Commercial Asset Management PCL ROC (Joel Greenblatt) % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Bangkok Commercial Asset Management PCL's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Bangkok Commercial Asset Management 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 4.86% mean?
Bangkok Commercial Asset Management PCL (BKK:BAM) has a ROC (Joel Greenblatt) % of 4.86% 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 Bangkok Commercial Asset Management PCL and its competitors. This is 65% below median its historical median of 13.82. Over the past decade, Bangkok Commercial Asset Management PCL's ROC (Joel Greenblatt) % has ranged from 7.28 to 37.67. According to the industry distribution chart, Bangkok Commercial Asset Management PCL ranks #404 out of 628 companies in the Asset Management industry, placing it in the top 64.3%.
Is Bangkok Commercial Asset Management PCL's ROC (Joel Greenblatt) % too high?
Bangkok Commercial Asset Management PCL's current ROC (Joel Greenblatt) % of 4.86% is 65% below median its 10-year median of 13.82. Over the past 10 years, this metric has ranged from a low of 7.28 to a high of 37.67. The Asset Management industry median ROC (Joel Greenblatt) % is 62.70. Bangkok Commercial Asset Management PCL's value of 4.86% is 92.2% below this industry median. Based on the distribution chart, Bangkok Commercial Asset Management PCL ranks #404 out of 628 companies in the Asset Management industry, which is below the industry midpoint. Overall, Bangkok Commercial Asset Management PCL has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bangkok Commercial Asset Management PCL's ROC (Joel Greenblatt) % compare to BLK and BX?
According to the Asset Management industry distribution chart, Bangkok Commercial Asset Management PCL ranks #404 out of 628 companies for ROC (Joel Greenblatt) %. This places Bangkok Commercial Asset Management PCL in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 62.70. Bangkok Commercial Asset Management PCL's value of 4.86% is 92.2% below this benchmark. Historically, Bangkok Commercial Asset Management PCL's own ROC (Joel Greenblatt) % has ranged from 7.28 to 37.67 over the past decade. While the company's 10-year median is 13.82 vs. the industry median of 62.70, Bangkok Commercial Asset Management 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 Asset Management company?
The median ROC (Joel Greenblatt) % among Asset Management companies is 62.70, based on 628 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. Bangkok Commercial Asset Management PCL's current ROC (Joel Greenblatt) % of 4.86% is 92.2% 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 Bangkok Commercial Asset Management PCL and its competitors. For the Asset Management industry, the median ROC (Joel Greenblatt) % is 62.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bangkok Commercial Asset Management PCL's current ROC (Joel Greenblatt) % is 4.86%, which is 65% below median its own 10-year median of 13.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bangkok Commercial Asset Management PCL stock overvalued right now?
Based on GuruFocus' analysis, Bangkok Commercial Asset Management PCL (BKK:BAM) is currently considered Fairly Valued. The stock's GF Value™ is ฿7.24, compared to a current price of ฿6.85 — trading 5.4% below its estimated fair value. The current ROC (Joel Greenblatt) % is 4.86%, which is 65% below median its 10-year median of 13.82 and 92.2% below the Asset Management industry median of 62.70. Bangkok Commercial Asset Management PCL's overall GF Score™ is 61/100 with 5 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 Bangkok Commercial Asset Management PCL (BKK:BAM), the current ROC (Joel Greenblatt) % is 4.86% 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 Bangkok Commercial Asset Management PCL (BKK:BAM) Overvalued in 2026?
Based on GuruFocus' analysis, Bangkok Commercial Asset Management PCL stock appears to be undervalued.
The current stock price of ฿6.85 is trading 5.4% below its estimated GF Value™ of ฿7.24.
GuruFocus considers Bangkok Commercial Asset Management PCL to be Fairly Valued.
Key valuation signals for BKK:BAM:
ROC (Joel Greenblatt) %: 4.86% (65% below median its 10-year median of 13.82)
GF Value™: ฿7.24 vs. price of ฿6.85 (5.4% below fair value)
Industry Position: 92.2% below the Asset Management median (#404 of 628)
No single metric tells the full story. See the BKK:BAM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bangkok Commercial Asset Management PCL Business Description
Bangkok Commercial Asset Management PCL engages in purchasing or receiving transfers of non-performing loans (NPLs) and non-performing assets (NPAs) for management and disposal. The Company focuses on asset management operations conducted only in Thailand. Its services include acquiring NPLs from financial institutions and managing them mainly through debt negotiation. It also acquires NPAs from financial institutions, including assets from debt settlements and collateral purchased at auctions from the Legal Execution Department, and adds value by improving and developing properties to make them ready for occupancy for target customers.
61GF Score
Get the complete analysis for BKK:BAM
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BKK:BAM has been successfully added to your 
