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Chiang Mai Ram Medical Business PCLBKK:CMR +1.63%36 ROC (Joel Greenblatt) % is 6.46% as of Mar. 2026, which is 46% below its 10-year median of 11.87. GuruFocus rates BKK:CMR with a GF Score™ of 36/100 and a GF Value™ of ฿0.76 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 666 Healthcare Providers & Services companies, Chiang Mai Ram Medical Business PCL ranks better than 80.93% 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. Chiang Mai Ram Medical Business PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 6.46%.
The historical rank and industry rank for Chiang Mai Ram Medical Business PCL's ROC (Joel Greenblatt) % or its related term are showing as below:
BKK:CMR'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.1 Med: 11.87 Max: 53.07
Current: 48.01
During the past 13 years, Chiang Mai Ram Medical Business PCL's highest ROC (Joel Greenblatt) % was 53.07%. The lowest was 1.10%. And the median was 11.87%.
BKK:CMR's ROC (Joel Greenblatt) % is ranked better than 80.93% of 666
companies
in the Healthcare Providers & Services industry
Industry Median: 12.485
vs BKK:CMR: 48.01
Chiang Mai Ram Medical Business PCL (BKK:CMR) 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.
* 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.
Chiang Mai Ram Medical Business PCL ROC (Joel Greenblatt) % Chart
BKK:CMR vs HCA, THC, DVA: ROC (Joel Greenblatt) % Comparison
For the Medical Care Facilities subindustry, Chiang Mai Ram Medical Business 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.
Chiang Mai Ram Medical Business PCL ROC (Joel Greenblatt) % vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Chiang Mai Ram Medical Business PCL's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Chiang Mai Ram Medical Business PCL's ROC (Joel Greenblatt) % falls into.
Chiang Mai Ram Medical Business 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 6.46% mean?
Chiang Mai Ram Medical Business PCL (BKK:CMR) has a ROC (Joel Greenblatt) % of 6.46% 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 Chiang Mai Ram Medical Business PCL and its competitors. This is 46% below median its historical median of 11.87. Over the past decade, Chiang Mai Ram Medical Business PCL's ROC (Joel Greenblatt) % has ranged from 1.10 to 53.07. According to the industry distribution chart, Chiang Mai Ram Medical Business PCL ranks #127 out of 666 companies in the Healthcare Providers & Services industry, placing it in the top 19.1%.
Is Chiang Mai Ram Medical Business PCL's ROC (Joel Greenblatt) % too high?
Chiang Mai Ram Medical Business PCL's current ROC (Joel Greenblatt) % of 6.46% is 46% below median its 10-year median of 11.87. Over the past 10 years, this metric has ranged from a low of 1.10 to a high of 53.07. The Healthcare Providers & Services industry median ROC (Joel Greenblatt) % is 12.49. Chiang Mai Ram Medical Business PCL's value of 6.46% is 48.3% below this industry median. Based on the distribution chart, Chiang Mai Ram Medical Business PCL ranks #127 out of 666 companies in the Healthcare Providers & Services industry, which is in the top quartile — a strong position relative to peers. Overall, Chiang Mai Ram Medical Business PCL has a GF Score™ of 36/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Chiang Mai Ram Medical Business PCL's ROC (Joel Greenblatt) % compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Chiang Mai Ram Medical Business PCL ranks #127 out of 666 companies for ROC (Joel Greenblatt) %. This places Chiang Mai Ram Medical Business PCL in the top 19% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 12.49. Chiang Mai Ram Medical Business PCL's value of 6.46% is 48.3% below this benchmark. Historically, Chiang Mai Ram Medical Business PCL's own ROC (Joel Greenblatt) % has ranged from 1.10 to 53.07 over the past decade. While the company's 10-year median is 11.87 vs. the industry median of 12.49, Chiang Mai Ram Medical Business 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 a Healthcare Providers & Services company?
The median ROC (Joel Greenblatt) % among Healthcare Providers & Services companies is 12.49, based on 666 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. Chiang Mai Ram Medical Business PCL's current ROC (Joel Greenblatt) % of 6.46% is 48.3% 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 Chiang Mai Ram Medical Business PCL and its competitors. For the Healthcare Providers & Services industry, the median ROC (Joel Greenblatt) % is 12.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chiang Mai Ram Medical Business PCL's current ROC (Joel Greenblatt) % is 6.46%, which is 46% below median its own 10-year median of 11.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chiang Mai Ram Medical Business PCL stock overvalued right now?
Based on GuruFocus' analysis, Chiang Mai Ram Medical Business PCL (BKK:CMR) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿0.76, compared to a current price of ฿1.25 — trading 64.5% above its estimated fair value. The current ROC (Joel Greenblatt) % is 6.46%, which is 46% below median its 10-year median of 11.87 and 48.3% below the Healthcare Providers & Services industry median of 12.49. Chiang Mai Ram Medical Business PCL's overall GF Score™ is 36/100 with 9 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 Chiang Mai Ram Medical Business PCL (BKK:CMR), the current ROC (Joel Greenblatt) % is 6.46% 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 Chiang Mai Ram Medical Business PCL (BKK:CMR) Overvalued in 2026?
Based on GuruFocus' analysis, Chiang Mai Ram Medical Business PCL stock appears to be overvalued.
The current stock price of ฿1.25 is trading 64.5% above its estimated GF Value™ of ฿0.76.
GuruFocus considers Chiang Mai Ram Medical Business PCL to be Significantly Overvalued.
Key valuation signals for BKK:CMR:
ROC (Joel Greenblatt) %: 6.46% (46% below median its 10-year median of 11.87)
GF Value™: ฿0.76 vs. price of ฿1.25 (64.5% above fair value)
Industry Position: 48.3% below the Healthcare Providers & Services median (#127 of 666)
No single metric tells the full story. See the BKK:CMR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chiang Mai Ram Medical Business PCL is a Thailand-based company. It provides medical services in the nature of General Hospital, Hospital in Social Security, and the national health security office systems. It offers various medical services including a Dental center, X-ray mobile for a checkup, CT Multislice, Cardiac Catheterization Center, Back pain center, Gynecologic Cancer center, Physical therapy, Operating theatres, Laboratory, Ambulance Services, and Health checkup center, and others. The company provides medical services through the Lanna Hospital.
36GF Score
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