Bangkok ExpresswayBKK:BECL-R ROC (Joel Greenblatt) % is 50.50% as of Sep. 2015, which is 96% below its 10-year median of 1,200.89. The stock has 2 warning signs investors should review.
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 Expressway's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2015 was 50.50%.
The historical rank and industry rank for Bangkok Expressway's ROC (Joel Greenblatt) % or its related term are showing as below:
BKK:BECL-R'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 27.79 Med: 1200.89 Max: 1646.06
Current: 27.79
During the past 12 years, Bangkok Expressway's highest ROC (Joel Greenblatt) % was 1646.06%. The lowest was 27.79%. And the median was 1200.89%.
BKK:BECL-R's ROC (Joel Greenblatt) % is not ranked
in the Construction industry.
Industry Median: 19.375
vs BKK:BECL-R: 27.79
Bangkok Expressway'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.
Bangkok Expressway ROC (Joel Greenblatt) % Related Terms
Bangkok Expressway ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Bangkok Expressway'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:BECL-R vs GVA, PRIM: ROC (Joel Greenblatt) % Comparison
For the Engineering & Construction subindustry, Bangkok Expressway'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 Expressway ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Bangkok Expressway's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Bangkok Expressway'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 (Sep. 2015) 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 50.50% mean?
Bangkok Expressway (BKK:BECL-R) has a ROC (Joel Greenblatt) % of 50.50% as of Sep. 2015. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Bangkok Expressway and its competitors. This is 96% below median its historical median of 1,200.89. Over the past decade, Bangkok Expressway's ROC (Joel Greenblatt) % has ranged from 27.79 to 1,646.06.
Is Bangkok Expressway's ROC (Joel Greenblatt) % too high?
Bangkok Expressway's current ROC (Joel Greenblatt) % of 50.50% is 96% below median its 10-year median of 1,200.89. Over the past 10 years, this metric has ranged from a low of 27.79 to a high of 1,646.06. The Construction industry median ROC (Joel Greenblatt) % is 19.38. Bangkok Expressway's value of 50.50% is 160.6% above this industry median.
How does Bangkok Expressway's ROC (Joel Greenblatt) % compare to GVA and PRIM?
Bangkok Expressway's ROC (Joel Greenblatt) % of 50.50% can be compared against companies in the Construction industry. The industry median ROC (Joel Greenblatt) % is 19.38. Bangkok Expressway's value of 50.50% is 160.6% above this benchmark. Historically, Bangkok Expressway's own ROC (Joel Greenblatt) % has ranged from 27.79 to 1,646.06 over the past decade. While the company's 10-year median is 1,200.89 vs. the industry median of 19.38, Bangkok Expressway 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 Construction company?
The median ROC (Joel Greenblatt) % among Construction companies is 19.38, based on 1,776 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 Expressway's current ROC (Joel Greenblatt) % of 50.50% is 160.6% 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 Bangkok Expressway and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bangkok Expressway's current ROC (Joel Greenblatt) % is 50.50%, which is 96% below median its own 10-year median of 1,200.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bangkok Expressway stock overvalued right now?
Bangkok Expressway (BKK:BECL-R) has a current ROC (Joel Greenblatt) % of 50.50%. The current ROC (Joel Greenblatt) % is 50.50%, which is 96% below median its 10-year median of 1,200.89 and 160.6% above the Construction industry median of 19.38. 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 Expressway (BKK:BECL-R), the current ROC (Joel Greenblatt) % is 50.50% as of Sep. 2015. 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.
Bangkok Expressway Public Company Limited engages in the design, construction, management, and operation of expressways in Thailand. The Company is engaged in the construction and management of Si Rat Expressway (Second Stage Expressway Project) and other extensions, including related businesses under the Second Stage Expressway agreement with the Expressway Authority of Thailand (EXAT); and the Udon Ratthaya Expressway under the Bang Pa-in-Pak Kret Expressway agreement entered into between EXAT and the Company.
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