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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. Frasers Property Thailand Industrial Freehold & Leasehold REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 0.00%.
BKK:FTREIT's ROC (Joel Greenblatt) % is not ranked *
in the REITs industry.
Industry Median: 175.63 * Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
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.
* 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.
Frasers Property Thailand Industrial Freehold & Leasehold REIT ROC (Joel Greenblatt) % vs REITs Industry
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 (Jun. 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 0.00% mean?
Frasers Property Thailand Industrial Freehold & Leasehold REIT (BKK:FTREIT) has a ROC (Joel Greenblatt) % of 0.00% as of Jun. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Frasers Property Thailand Industrial Freehold & Leasehold REIT and its competitors. Over the past decade, Frasers Property Thailand Industrial Freehold & Leasehold REIT's ROC (Joel Greenblatt) % has ranged from 13,623.85 to 25,393.99. According to the industry distribution chart, Frasers Property Thailand Industrial Freehold & Leasehold REIT ranks #999999 out of 569 companies in the REITs industry.
Is Frasers Property Thailand Industrial Freehold & Leasehold REIT's ROC (Joel Greenblatt) % too high?
Frasers Property Thailand Industrial Freehold & Leasehold REIT's current ROC (Joel Greenblatt) % is 0.00%. Over the past 10 years, this metric has ranged from a low of 13,623.85 to a high of 25,393.99. Based on the distribution chart, Frasers Property Thailand Industrial Freehold & Leasehold REIT ranks #999999 out of 569 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Frasers Property Thailand Industrial Freehold & Leasehold REIT has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Frasers Property Thailand Industrial Freehold & Leasehold REIT's ROC (Joel Greenblatt) % compare to PLD and PSA?
According to the REITs industry distribution chart, Frasers Property Thailand Industrial Freehold & Leasehold REIT ranks #999999 out of 569 companies for ROC (Joel Greenblatt) %. This places Frasers Property Thailand Industrial Freehold & Leasehold REIT in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 175.63. Historically, Frasers Property Thailand Industrial Freehold & Leasehold REIT's own ROC (Joel Greenblatt) % has ranged from 13,623.85 to 25,393.99 over the past decade. 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 REITs company?
The median ROC (Joel Greenblatt) % among REITs companies is 175.63, based on 569 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 Frasers Property Thailand Industrial Freehold & Leasehold REIT and its competitors. For the REITs industry, the median ROC (Joel Greenblatt) % is 175.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Frasers Property Thailand Industrial Freehold & Leasehold REIT's current ROC (Joel Greenblatt) % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Frasers Property Thailand Industrial Freehold & Leasehold REIT stock overvalued right now?
Based on GuruFocus' analysis, Frasers Property Thailand Industrial Freehold & Leasehold REIT (BKK:FTREIT) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿11.15, compared to a current price of ฿12.80 — trading 14.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is 0.00%. Frasers Property Thailand Industrial Freehold & Leasehold REIT's overall GF Score™ is 84/100 with 11 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 Frasers Property Thailand Industrial Freehold & Leasehold REIT (BKK:FTREIT), the current ROC (Joel Greenblatt) % is 0.00% as of Jun. 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 Frasers Property Thailand Industrial Freehold & Leasehold REIT (BKK:FTREIT) Overvalued in 2026?
Based on GuruFocus' analysis, Frasers Property Thailand Industrial Freehold & Leasehold REIT stock appears to be overvalued.
The current stock price of ฿12.80 is trading 14.8% above its estimated GF Value™ of ฿11.15.
GuruFocus considers Frasers Property Thailand Industrial Freehold & Leasehold REIT to be Modestly Overvalued.
Key valuation signals for BKK:FTREIT:
ROC (Joel Greenblatt) %: 0.00%
GF Value™: ฿11.15 vs. price of ฿12.80 (14.8% above fair value)
No single metric tells the full story. See the BKK:FTREIT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Frasers Property Thailand Industrial Freehold & Leasehold REIT invests in high-quality industrial and logistics properties. Its portfolio includes domestic factories, warehouses, and industrial and logistics properties which can generate high returns. The trust's objectives are to raise funds from general investors and to use the proceeds from such fundraising to acquire, lease, and/or sub-lease immovable properties. Its reportable operating segment is to provide the rental of immovable properties. Geographically, the trust's operation is carried on only in Thailand.
84GF Score
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