BT Wealth Industries PCL (BKK:BTW-R) ROC (Joel Greenblatt) %: -52.14% (As of Mar. 2026)


What is BT Wealth Industries PCL ROC (Joel Greenblatt) %?

BT Wealth Industries PCL BKK:BTW-R ROC (Joel Greenblatt) % is -52.14% as of Mar. 2026. The stock has 2 warning signs investors should review. Among 3,058 Industrial Products companies, BT Wealth Industries PCL ranks worse than 92.54% 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. BT Wealth Industries PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -52.14%.

The historical rank and industry rank for BT Wealth Industries PCL's ROC (Joel Greenblatt) % or its related term are showing as below:

BKK:BTW-R' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -125.24   Med: -5.32   Max: 17.8
Current: -44.27

During the past 12 years, BT Wealth Industries PCL's highest ROC (Joel Greenblatt) % was 17.80%. The lowest was -125.24%. And the median was -5.32%.

BKK:BTW-R's ROC (Joel Greenblatt) % is ranked worse than
92.54% of 3058 companies
in the Industrial Products industry
Industry Median: 11.7 vs BKK:BTW-R: -44.27

BT Wealth Industries PCL's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


BT Wealth Industries PCL  (BKK:BTW-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.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


BT Wealth Industries PCL ROC (Joel Greenblatt) % Related Terms


BT Wealth Industries PCL ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for BT Wealth Industries 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.

BT Wealth Industries PCL ROC (Joel Greenblatt) % Chart

BT Wealth Industries PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -13.36 6.74 -125.24 -8.58 -26.10

BT Wealth Industries PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 -29.75 -57.13 -40.13 -30.27 -52.14

BKK:BTW-R vs CRS, ATI, MLI: ROC (Joel Greenblatt) % Comparison

For the Metal Fabrication subindustry, BT Wealth Industries 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.


BT Wealth Industries PCL ROC (Joel Greenblatt) % vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, BT Wealth Industries PCL's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where BT Wealth Industries PCL's ROC (Joel Greenblatt) % falls into.



BT Wealth Industries 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:

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: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(54.702 + 66.689 + 18.349) - (197.356 + 9.469 + 1.337)
=-68.422

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(58.201 + 53.279 + 2.352) - (197.913 + 0.555 + 0.00099999999997635)
=-84.637

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of BT Wealth Industries PCL for the quarter that ended in Mar. 2026 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-169.98/( ( (331.605 + max(-68.422, 0)) + (320.444 + max(-84.637, 0)) )/ 2 )
=-169.98/( ( 331.605 + 320.444 )/ 2 )
=-169.98/326.0245
=-52.14 %

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 -52.14% mean?
BT Wealth Industries PCL (BKK:BTW-R) has a ROC (Joel Greenblatt) % of -52.14% 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 BT Wealth Industries PCL and its competitors. According to the industry distribution chart, BT Wealth Industries PCL ranks #2830 out of 3058 companies in the Industrial Products industry, placing it in the top 92.5%.
Is BT Wealth Industries PCL's ROC (Joel Greenblatt) % too high?
BT Wealth Industries PCL's current ROC (Joel Greenblatt) % is -52.14%. Based on the distribution chart, BT Wealth Industries PCL ranks #2830 out of 3058 companies in the Industrial Products industry, which is in the bottom quartile relative to peers.
How does BT Wealth Industries PCL's ROC (Joel Greenblatt) % compare to CRS and ATI?
According to the Industrial Products industry distribution chart, BT Wealth Industries PCL ranks #2830 out of 3058 companies for ROC (Joel Greenblatt) %. This places BT Wealth Industries PCL in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 11.70. 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 Industrial Products company?
The median ROC (Joel Greenblatt) % among Industrial Products companies is 11.70, based on 3,058 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 BT Wealth Industries PCL and its competitors. For the Industrial Products industry, the median ROC (Joel Greenblatt) % is 11.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BT Wealth Industries PCL's current ROC (Joel Greenblatt) % is -52.14%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BT Wealth Industries PCL stock overvalued right now?
BT Wealth Industries PCL (BKK:BTW-R) has a current ROC (Joel Greenblatt) % of -52.14%. The stock's GF Value™ is ฿0.14, compared to a current price of ฿0.07 — trading 46.7% below its estimated fair value. The current ROC (Joel Greenblatt) % is -52.14%. 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 BT Wealth Industries PCL (BKK:BTW-R), the current ROC (Joel Greenblatt) % is -52.14% 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.

BT Wealth Industries PCL Business Description

Other Exchanges BTW:Thailand
Address Ramkhamhaeng Road, 593/3 Soi Ramkhamhaeng 39, Thepleela 1, Wangthonglang, Bangkok, THA, 10310
BT Wealth Industries PCL is principally engaged in the rental of assets. The company through its subsidiary is engaged in steel fabrication business for project construction in various heavy industries, such as mining, natural gas and petroleum, and power in both domestic and international sites. The Company provides two types of services, Steel Fabrication and Power Plant EPC Contractor. The steel fabrication products include Modularization and Parts Fabrication. The company operates in single segment, the provision of processing services for steel products and structures used in construction and industrial sectors.