Glory Forever PCL (BKK:GLORY) ROC (Joel Greenblatt) %: -19.50% (As of Mar. 2026)

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BKK:GLORY Glory Forever PCL BKK:GLORY
86 GF Score
Price ฿1.09
GF Value ฿1.49
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Glory Forever PCL ROC (Joel Greenblatt) %?

Glory Forever PCL BKK:GLORY +2.83% 86 ROC (Joel Greenblatt) % is -19.50% as of Mar. 2026. GuruFocus rates BKK:GLORY with a GF Score™ of 86/100 and a GF Value™ of ฿1.49 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 562 Conglomerates companies, Glory Forever PCL ranks worse than 93.77% 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. Glory Forever PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -19.50%.

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

BKK:GLORY' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -96.68   Med: 42.65   Max: 492.55
Current: -47.96

During the past 7 years, Glory Forever PCL's highest ROC (Joel Greenblatt) % was 492.55%. The lowest was -96.68%. And the median was 42.65%.

BKK:GLORY's ROC (Joel Greenblatt) % is ranked worse than
93.77% of 562 companies
in the Conglomerates industry
Industry Median: 14.68 vs BKK:GLORY: -47.96

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


Glory Forever PCL  (BKK:GLORY) 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.


Glory Forever PCL ROC (Joel Greenblatt) % Related Terms


Glory Forever PCL ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Glory Forever 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.

Glory Forever PCL ROC (Joel Greenblatt) % Chart

Glory Forever PCL Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial 42.65 83.98 -54.57 -96.68 -46.13

Glory Forever PCL Quarterly Data
Mar21 Jun21 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 -9.20 -15.55 -12.74 -133.42 -19.50

BKK:GLORY vs MMM, HON: ROC (Joel Greenblatt) % Comparison

For the Conglomerates subindustry, Glory Forever 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.


Glory Forever PCL ROC (Joel Greenblatt) % vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Glory Forever PCL's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Glory Forever PCL's ROC (Joel Greenblatt) % falls into.


BKK:GLORY
86GF Score
Glory Forever PCL BKK:GLORY
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Glory Forever 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)
=(37.646 + 6.159 + 5.556) - (16.368 + 11.61 + 3.5527136788005E-15)
=21.383

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(34.982 + 6.129 + 5.397) - (17.397 + 11.059 + 0)
=18.052

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Glory Forever 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 )
=-14.248/( ( (53.524 + max(21.383, 0)) + (53.163 + max(18.052, 0)) )/ 2 )
=-14.248/( ( 74.907 + 71.215 )/ 2 )
=-14.248/73.061
=-19.50 %

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 -19.50% mean?
Glory Forever PCL (BKK:GLORY) has a ROC (Joel Greenblatt) % of -19.50% 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 Glory Forever PCL and its competitors. According to the industry distribution chart, Glory Forever PCL ranks #527 out of 562 companies in the Conglomerates industry, placing it in the top 93.8%.
Is Glory Forever PCL's ROC (Joel Greenblatt) % too high?
Glory Forever PCL's current ROC (Joel Greenblatt) % is -19.50%. Based on the distribution chart, Glory Forever PCL ranks #527 out of 562 companies in the Conglomerates industry, which is in the bottom quartile relative to peers. Overall, Glory Forever PCL has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Glory Forever PCL's ROC (Joel Greenblatt) % compare to MMM and HON?
According to the Conglomerates industry distribution chart, Glory Forever PCL ranks #527 out of 562 companies for ROC (Joel Greenblatt) %. This places Glory Forever PCL in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 14.68. 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 Conglomerates company?
The median ROC (Joel Greenblatt) % among Conglomerates companies is 14.68, based on 562 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 Glory Forever PCL and its competitors. For the Conglomerates industry, the median ROC (Joel Greenblatt) % is 14.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Glory Forever PCL's current ROC (Joel Greenblatt) % is -19.50%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Glory Forever PCL stock overvalued right now?
Based on GuruFocus' analysis, Glory Forever PCL (BKK:GLORY) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿1.49, compared to a current price of ฿1.09 — trading 26.8% below its estimated fair value. The current ROC (Joel Greenblatt) % is -19.50%. Glory Forever PCL's overall GF Score™ is 86/100 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 Glory Forever PCL (BKK:GLORY), the current ROC (Joel Greenblatt) % is -19.50% 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 Glory Forever PCL (BKK:GLORY) Overvalued in 2026?

Based on GuruFocus' analysis, Glory Forever PCL stock appears to be undervalued. The current stock price of ฿1.09 is trading 26.8% below its estimated GF Value™ of ฿1.49. GuruFocus considers Glory Forever PCL to be Modestly Undervalued.

Key valuation signals for BKK:GLORY:

  • ROC (Joel Greenblatt) %: -19.50%
  • GF Value™: ฿1.49 vs. price of ฿1.09 (26.8% below fair value)
  • GF Score™: 86/100 with 4 warning signs

No single metric tells the full story. See the BKK:GLORY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Glory Forever PCL Business Description

Address 20 Moo 6, Tambon Phanthai Norasing, Amphoe Mueang Samut Sakhon, Samut Sakhon, THA, 74000
Glory Forever PCL is engaged in e-commerce, i.e., trading of products and services conducted over the internet, and providing services related to residential projects. The Group is organized into business units based on its products and services and has three reportable segments, namely the E-commerce segment, Residential segment, and Other segment. Maximum revenue is generated from the E-commerce segment, which includes sales and services via electronic media through the internet network, consisting of services relating to the online novel platform, Alisa, and Vtuber. The Residential segment offers residential services consisting of management services for residential projects, as well as contracting works. Geographically, the Group operates in Thailand only.
86GF Score

Get the complete analysis for BKK:GLORY

ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿1.09
Price
฿1.49
GF Value