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Bangchak PCLBKK:BCP +2.35%79 ROC (Joel Greenblatt) % is 5.32% as of Dec. 2025, which is 59% below its 10-year median of 12.84. GuruFocus rates BKK:BCP with a GF Score™ of 79/100 and a GF Value™ of ฿40.05 (Fairly Valued). The stock has 7 warning signs investors should review. Among 998 Oil & Gas companies, Bangchak PCL ranks worse than 55.21% 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. Bangchak PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 5.32%.
The historical rank and industry rank for Bangchak PCL's ROC (Joel Greenblatt) % or its related term are showing as below:
BKK:BCP'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -7.52 Med: 12.84 Max: 33.23
Current: 6.48
During the past 13 years, Bangchak PCL's highest ROC (Joel Greenblatt) % was 33.23%. The lowest was -7.52%. And the median was 12.84%.
BKK:BCP's ROC (Joel Greenblatt) % is ranked worse than 55.21% of 998
companies
in the Oil & Gas industry
Industry Median: 8.56
vs BKK:BCP: 6.48
Bangchak PCL's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% 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.
Bangchak PCL ROC (Joel Greenblatt) % Related Terms
Bangchak PCL ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Bangchak 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:BCP vs VLO, MPC, PSX: ROC (Joel Greenblatt) % Comparison
For the Oil & Gas Refining & Marketing subindustry, Bangchak 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.
Bangchak PCL ROC (Joel Greenblatt) % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Bangchak PCL's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Bangchak 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 (Dec. 2025) 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 5.32% mean?
Bangchak PCL (BKK:BCP) has a ROC (Joel Greenblatt) % of 5.32% as of Dec. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Bangchak PCL and its competitors. This is 59% below median its historical median of 12.84. According to the industry distribution chart, Bangchak PCL ranks #551 out of 998 companies in the Oil & Gas industry, placing it in the top 55.2%.
Is Bangchak PCL's ROC (Joel Greenblatt) % too high?
Bangchak PCL's current ROC (Joel Greenblatt) % of 5.32% is 59% below median its 10-year median of 12.84. The Oil & Gas industry median ROC (Joel Greenblatt) % is 8.56. Bangchak PCL's value of 5.32% is 37.9% below this industry median. Based on the distribution chart, Bangchak PCL ranks #551 out of 998 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Bangchak PCL has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bangchak PCL's ROC (Joel Greenblatt) % compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Bangchak PCL ranks #551 out of 998 companies for ROC (Joel Greenblatt) %. This places Bangchak PCL in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 8.56. Bangchak PCL's value of 5.32% is 37.9% below this benchmark. While the company's 10-year median is 12.84 vs. the industry median of 8.56, Bangchak 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 Oil & Gas company?
The median ROC (Joel Greenblatt) % among Oil & Gas companies is 8.56, based on 998 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. Bangchak PCL's current ROC (Joel Greenblatt) % of 5.32% is 37.9% 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 Bangchak PCL and its competitors. For the Oil & Gas industry, the median ROC (Joel Greenblatt) % is 8.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bangchak PCL's current ROC (Joel Greenblatt) % is 5.32%, which is 59% below median its own 10-year median of 12.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bangchak PCL stock overvalued right now?
Based on GuruFocus' analysis, Bangchak PCL (BKK:BCP) is currently considered Fairly Valued. The stock's GF Value™ is ฿40.05, compared to a current price of ฿43.50 — trading 8.6% above its estimated fair value. The current ROC (Joel Greenblatt) % is 5.32%, which is 59% below median its 10-year median of 12.84 and 37.9% below the Oil & Gas industry median of 8.56. Bangchak PCL's overall GF Score™ is 79/100 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 Bangchak PCL (BKK:BCP), the current ROC (Joel Greenblatt) % is 5.32% as of Dec. 2025. 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 Bangchak PCL (BKK:BCP) Overvalued in 2026?
Based on GuruFocus' analysis, Bangchak PCL stock appears to be overvalued.
The current stock price of ฿43.50 is trading 8.6% above its estimated GF Value™ of ฿40.05.
GuruFocus considers Bangchak PCL to be Fairly Valued.
Key valuation signals for BKK:BCP:
ROC (Joel Greenblatt) %: 5.32% (59% below median its 10-year median of 12.84)
GF Value™: ฿40.05 vs. price of ฿43.50 (8.6% above fair value)
Industry Position: 37.9% below the Oil & Gas median (#551 of 998)
No single metric tells the full story. See the BKK:BCP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bangchak Corp PCL is a Thailand-based energy company that engages in petroleum refining. The company operates in six reporting segments: Refinery and oil trading, Marketing, Electricity, Bio-based product, Natural resource. Majority of revenue is from Refinery and oil trading. The company Thailand, Singapore, Norway, Laos, Korea, and Others, with maximum of revenue from Thailand.
79GF Score
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