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CP Axtra PCLBKK:CPAXT +0.68%45 ROC (Joel Greenblatt) % is 10.92% as of Dec. 2025, which is 48% below its 10-year median of 20.91. GuruFocus rates BKK:CPAXT with a GF Score™ of 45/100. The stock has 6 warning signs investors should review. Among 309 Retail - Defensive companies, CP Axtra PCL ranks worse than 59.55% 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. CP Axtra PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 10.92%.
The historical rank and industry rank for CP Axtra PCL's ROC (Joel Greenblatt) % or its related term are showing as below:
BKK:CPAXT'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 10.49 Med: 20.91 Max: 25.99
Current: 10.6
During the past 13 years, CP Axtra PCL's highest ROC (Joel Greenblatt) % was 25.99%. The lowest was 10.49%. And the median was 20.91%.
BKK:CPAXT's ROC (Joel Greenblatt) % is ranked worse than 59.55% of 309
companies
in the Retail - Defensive industry
Industry Median: 13.46
vs BKK:CPAXT: 10.60
CP Axtra PCL's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -14.00% 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.
CP Axtra PCL ROC (Joel Greenblatt) % Related Terms
CP Axtra PCL ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for CP Axtra 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:CPAXT vs SYY, USFD, PFGC: ROC (Joel Greenblatt) % Comparison
For the Food Distribution subindustry, CP Axtra 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.
CP Axtra PCL ROC (Joel Greenblatt) % vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, CP Axtra PCL's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where CP Axtra 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 (Dec. 2025) 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 10.92% mean?
CP Axtra PCL (BKK:CPAXT) has a ROC (Joel Greenblatt) % of 10.92% as of Dec. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on CP Axtra PCL and its competitors. This is 48% below median its historical median of 20.91. Over the past decade, CP Axtra PCL's ROC (Joel Greenblatt) % has ranged from 10.49 to 25.99. According to the industry distribution chart, CP Axtra PCL ranks #184 out of 309 companies in the Retail - Defensive industry, placing it in the top 59.5%.
Is CP Axtra PCL's ROC (Joel Greenblatt) % too high?
CP Axtra PCL's current ROC (Joel Greenblatt) % of 10.92% is 48% below median its 10-year median of 20.91. Over the past 10 years, this metric has ranged from a low of 10.49 to a high of 25.99. The Retail - Defensive industry median ROC (Joel Greenblatt) % is 13.46. CP Axtra PCL's value of 10.92% is 18.9% below this industry median. Based on the distribution chart, CP Axtra PCL ranks #184 out of 309 companies in the Retail - Defensive industry, which is below the industry midpoint. Overall, CP Axtra PCL has a GF Score™ of 45/100, reflecting its overall financial health beyond just this single metric.
How does CP Axtra PCL's ROC (Joel Greenblatt) % compare to SYY and USFD?
According to the Retail - Defensive industry distribution chart, CP Axtra PCL ranks #184 out of 309 companies for ROC (Joel Greenblatt) %. This places CP Axtra PCL in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 13.46. CP Axtra PCL's value of 10.92% is 18.9% below this benchmark. Historically, CP Axtra PCL's own ROC (Joel Greenblatt) % has ranged from 10.49 to 25.99 over the past decade. While the company's 10-year median is 20.91 vs. the industry median of 13.46, CP Axtra 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 Retail - Defensive company?
The median ROC (Joel Greenblatt) % among Retail - Defensive companies is 13.46, based on 309 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. CP Axtra PCL's current ROC (Joel Greenblatt) % of 10.92% is 18.9% 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 CP Axtra PCL and its competitors. For the Retail - Defensive industry, the median ROC (Joel Greenblatt) % is 13.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CP Axtra PCL's current ROC (Joel Greenblatt) % is 10.92%, which is 48% below median its own 10-year median of 20.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CP Axtra PCL stock overvalued right now?
CP Axtra PCL (BKK:CPAXT) has a current ROC (Joel Greenblatt) % of 10.92%. The current ROC (Joel Greenblatt) % is 10.92%, which is 48% below median its 10-year median of 20.91 and 18.9% below the Retail - Defensive industry median of 13.46. CP Axtra PCL's overall GF Score™ is 45/100 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 CP Axtra PCL (BKK:CPAXT), the current ROC (Joel Greenblatt) % is 10.92% as of Dec. 2025. 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.
CP Axtra PCL operates Makro brand stores and frozen food shops across Thailand. The company conducts its business through three segments: Wholesale, Retail, and Mall. Its operations consist of the sale of goods through wholesale, retail, and mall businesses, as well as the rendering of services related to those businesses. The majority of the company's revenue is generated from the Wholesale segment. The company operates in Thailand, Malaysia, and other markets, with the majority of its revenue coming from Thailand.
45GF Score
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