Banpu Power PCLBKK:BPP-R 82 ROC (Joel Greenblatt) % is 153.27% as of Mar. 2026, which is 424% above its 10-year median of 29.26. GuruFocus rates BKK:BPP-R with a GF Score™ of 82/100 and a GF Value™ of ฿10.29. The stock has 6 warning signs investors should review. Among 436 Utilities - Independent Power Producers companies, Banpu Power PCL ranks better than 89.45% 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. Banpu Power PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 153.27%.
The historical rank and industry rank for Banpu Power PCL's ROC (Joel Greenblatt) % or its related term are showing as below:
BKK:BPP-R'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 13.43 Med: 29.26 Max: 68.45
Current: 44.85
During the past 13 years, Banpu Power PCL's highest ROC (Joel Greenblatt) % was 68.45%. The lowest was 13.43%. And the median was 29.26%.
BKK:BPP-R's ROC (Joel Greenblatt) % is ranked better than 89.45% of 436
companies
in the Utilities - Independent Power Producers industry
Industry Median: 6.615
vs BKK:BPP-R: 44.85
Banpu Power PCL's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -14.90% per year.
Banpu Power PCL (BKK:BPP-R) 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.
Banpu Power PCL ROC (Joel Greenblatt) % Related Terms
Banpu Power PCL ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Banpu Power 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:BPP-R vs CEG, VST, NRG: ROC (Joel Greenblatt) % Comparison
For the Utilities - Independent Power Producers subindustry, Banpu Power 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.
Banpu Power PCL ROC (Joel Greenblatt) % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Banpu Power PCL's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Banpu Power PCL's ROC (Joel Greenblatt) % falls into.
Banpu Power PCL 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:
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 153.27% mean?
Banpu Power PCL (BKK:BPP-R) has a ROC (Joel Greenblatt) % of 153.27% 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 Banpu Power PCL and its competitors. This is 424% above median its historical median of 29.26. Over the past decade, Banpu Power PCL's ROC (Joel Greenblatt) % has ranged from 13.43 to 68.45. According to the industry distribution chart, Banpu Power PCL ranks #46 out of 436 companies in the Utilities - Independent Power Producers industry, placing it in the top 10.6%.
Is Banpu Power PCL's ROC (Joel Greenblatt) % too high?
Banpu Power PCL's current ROC (Joel Greenblatt) % of 153.27% is 424% above median its 10-year median of 29.26. Over the past 10 years, this metric has ranged from a low of 13.43 to a high of 68.45. The Utilities - Independent Power Producers industry median ROC (Joel Greenblatt) % is 6.62. Banpu Power PCL's value of 153.27% is 2217% above this industry median. Based on the distribution chart, Banpu Power PCL ranks #46 out of 436 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Banpu Power PCL has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.
How does Banpu Power PCL's ROC (Joel Greenblatt) % compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Banpu Power PCL ranks #46 out of 436 companies for ROC (Joel Greenblatt) %. This places Banpu Power PCL in the top 11% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 6.62. Banpu Power PCL's value of 153.27% is 2217% above this benchmark. Historically, Banpu Power PCL's own ROC (Joel Greenblatt) % has ranged from 13.43 to 68.45 over the past decade. While the company's 10-year median is 29.26 vs. the industry median of 6.62, Banpu Power PCL 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 an Utilities - Independent Power Producers company?
The median ROC (Joel Greenblatt) % among Utilities - Independent Power Producers companies is 6.62, based on 436 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. Banpu Power PCL's current ROC (Joel Greenblatt) % of 153.27% is 2217% 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 Banpu Power PCL and its competitors. For the Utilities - Independent Power Producers industry, the median ROC (Joel Greenblatt) % is 6.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Banpu Power PCL's current ROC (Joel Greenblatt) % is 153.27%, which is 424% above median its own 10-year median of 29.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Banpu Power PCL stock overvalued right now?
Banpu Power PCL (BKK:BPP-R) has a current ROC (Joel Greenblatt) % of 153.27%. The stock's GF Value™ is ฿10.29, compared to a current price of ฿10.10 — trading 1.8% below its estimated fair value. The current ROC (Joel Greenblatt) % is 153.27%, which is 424% above median its 10-year median of 29.26 and 2217% above the Utilities - Independent Power Producers industry median of 6.62. Banpu Power PCL's overall GF Score™ is 82/100 with 6 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 Banpu Power PCL (BKK:BPP-R), the current ROC (Joel Greenblatt) % is 153.27% 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 Banpu Power PCL (BKK:BPP-R) Overvalued in 2026?
Based on GuruFocus' analysis, Banpu Power PCL stock appears to be undervalued.
The current stock price of ฿10.10 is trading 1.8% below its estimated GF Value™ of ฿10.29.
Key valuation signals for BKK:BPP-R:
ROC (Joel Greenblatt) %: 153.27% (424% above median its 10-year median of 29.26)
GF Value™: ฿10.29 vs. price of ฿10.10 (1.8% below fair value)
Industry Position: 2217% above the Utilities - Independent Power Producers median (#46 of 436)
No single metric tells the full story. See the BKK:BPP-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Banpu Power PCL is engaged in investments in power businesses in Thailand and overseas. The business activities of the group include the generation and sale of electricity and other related business. The company's business segments include Power+: Power generation from thermal and renewable energy sources, both domestically and internationally. Second segment being Future Tech: Battery energy storage systems, solar rooftop and floating solar systems, battery production, energy trading, e-mobility, and energy efficiency businesses. Geographically, the company has its presence in the United States which is the key revenue driver, China, and other regions.
82GF Score
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