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. Beyond Securities PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 40.47%.
The historical rank and industry rank for Beyond Securities PCL's ROC (Joel Greenblatt) % or its related term are showing as below:
BKK:BYD-R'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -602.94 Med: -79.45 Max: 3.63
Current: -432.35
During the past 13 years, Beyond Securities PCL's highest ROC (Joel Greenblatt) % was 3.63%. The lowest was -602.94%. And the median was -79.45%.
BKK:BYD-R's ROC (Joel Greenblatt) % is ranked worse than 92.44% of 675
companies
in the Capital Markets industry
Industry Median: 34.76
vs BKK:BYD-R: -432.35
Beyond Securities PCL's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -35.90% 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.
Beyond Securities PCL ROC (Joel Greenblatt) % Related Terms
Beyond Securities PCL ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Beyond Securities 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:BYD-R vs MS, GS, SCHW: ROC (Joel Greenblatt) % Comparison
For the Capital Markets subindustry, Beyond Securities 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.
Beyond Securities PCL ROC (Joel Greenblatt) % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Beyond Securities PCL's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Beyond Securities 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 40.47% mean?
Beyond Securities PCL (BKK:BYD-R) has a ROC (Joel Greenblatt) % of 40.47% 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 Beyond Securities PCL and its competitors. According to the industry distribution chart, Beyond Securities PCL ranks #624 out of 675 companies in the Capital Markets industry, placing it in the top 92.4%.
Is Beyond Securities PCL's ROC (Joel Greenblatt) % too high?
Beyond Securities PCL's current ROC (Joel Greenblatt) % is 40.47%. The Capital Markets industry median ROC (Joel Greenblatt) % is 34.76. Beyond Securities PCL's value of 40.47% is 16.4% above this industry median. Based on the distribution chart, Beyond Securities PCL ranks #624 out of 675 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Beyond Securities PCL has a GF Score™ of 59/100, reflecting its overall financial health beyond just this single metric.
How does Beyond Securities PCL's ROC (Joel Greenblatt) % compare to MS and GS?
According to the Capital Markets industry distribution chart, Beyond Securities PCL ranks #624 out of 675 companies for ROC (Joel Greenblatt) %. This places Beyond Securities PCL in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 34.76. Beyond Securities PCL's value of 40.47% is 16.4% above this benchmark. 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 Capital Markets company?
The median ROC (Joel Greenblatt) % among Capital Markets companies is 34.76, based on 675 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. Beyond Securities PCL's current ROC (Joel Greenblatt) % of 40.47% is 16.4% 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 Beyond Securities PCL and its competitors. For the Capital Markets industry, the median ROC (Joel Greenblatt) % is 34.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Beyond Securities PCL's current ROC (Joel Greenblatt) % is 40.47%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Beyond Securities PCL stock overvalued right now?
Beyond Securities PCL (BKK:BYD-R) has a current ROC (Joel Greenblatt) % of 40.47%. The stock's GF Value™ is ฿11.14, compared to a current price of ฿4.33 — trading 61.1% below its estimated fair value. The current ROC (Joel Greenblatt) % is 40.47% and 16.4% above the Capital Markets industry median of 34.76. Beyond Securities PCL's overall GF Score™ is 59/100 with 4 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 Beyond Securities PCL (BKK:BYD-R), the current ROC (Joel Greenblatt) % is 40.47% 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 Beyond Securities PCL (BKK:BYD-R) Overvalued in 2026?
Based on GuruFocus' analysis, Beyond Securities PCL stock appears to be undervalued.
The current stock price of ฿4.33 is trading 61.1% below its estimated GF Value™ of ฿11.14.
Key valuation signals for BKK:BYD-R:
ROC (Joel Greenblatt) %: 40.47%
GF Value™: ฿11.14 vs. price of ฿4.33 (61.1% below fair value)
Industry Position: 16.4% above the Capital Markets median (#624 of 675)
No single metric tells the full story. See the BKK:BYD-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Beyond Securities PCL is engaged in the securities business. It offers services such as securities brokerage, securities trading, securities underwriting, investment advisory service, derivatives brokerage, securities borrowing, and lending and private fund management. The Company has two reportable segments which comprise the Securities and Derivative business segment, which provides brokerage and derivative brokerage services, including the investment banking segment, and the Investment business segment, which provides services related to the management of the investment in securities. The majority of the revenue for the company is generated from its Securities and Derivative business segment. The Company generates totally operating revenue in Thailand.
59GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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