Ichitan Group PCLBKK:ICHI-R 94 ROC (Joel Greenblatt) % is 29.49% as of Mar. 2026, which is 190% above its 10-year median of 10.16. GuruFocus rates BKK:ICHI-R with a GF Score™ of 94/100 and a GF Value™ of ฿11.86. The stock has 2 warning signs investors should review. Among 116 Beverages - Non-Alcoholic companies, Ichitan Group PCL ranks better than 68.1% 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. Ichitan Group PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 29.49%.
The historical rank and industry rank for Ichitan Group PCL's ROC (Joel Greenblatt) % or its related term are showing as below:
BKK:ICHI-R'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.3 Med: 10.16 Max: 36.16
Current: 33.47
During the past 13 years, Ichitan Group PCL's highest ROC (Joel Greenblatt) % was 36.16%. The lowest was 0.30%. And the median was 10.16%.
BKK:ICHI-R's ROC (Joel Greenblatt) % is ranked better than 68.1% of 116
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 20.135
vs BKK:ICHI-R: 33.47
Ichitan Group PCL's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 33.70% per year.
Ichitan Group PCL (BKK:ICHI-R) 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.
Ichitan Group PCL ROC (Joel Greenblatt) % Related Terms
Ichitan Group PCL ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Ichitan Group 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:ICHI-R vs KO, PEP, MNST: ROC (Joel Greenblatt) % Comparison
For the Beverages - Non-Alcoholic subindustry, Ichitan Group 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.
Ichitan Group PCL ROC (Joel Greenblatt) % vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Ichitan Group PCL's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Ichitan Group PCL's ROC (Joel Greenblatt) % falls into.
Ichitan Group 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 29.49% mean?
Ichitan Group PCL (BKK:ICHI-R) has a ROC (Joel Greenblatt) % of 29.49% 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 Ichitan Group PCL and its competitors. This is 190% above median its historical median of 10.16. Over the past decade, Ichitan Group PCL's ROC (Joel Greenblatt) % has ranged from 0.30 to 36.16. According to the industry distribution chart, Ichitan Group PCL ranks #37 out of 116 companies in the Beverages - Non-Alcoholic industry, placing it in the top 31.9%.
Is Ichitan Group PCL's ROC (Joel Greenblatt) % too high?
Ichitan Group PCL's current ROC (Joel Greenblatt) % of 29.49% is 190% above median its 10-year median of 10.16. Over the past 10 years, this metric has ranged from a low of 0.30 to a high of 36.16. The Beverages - Non-Alcoholic industry median ROC (Joel Greenblatt) % is 20.14. Ichitan Group PCL's value of 29.49% is 46.5% above this industry median. Based on the distribution chart, Ichitan Group PCL ranks #37 out of 116 companies in the Beverages - Non-Alcoholic industry, which is above the industry midpoint. Overall, Ichitan Group PCL has a GF Score™ of 94/100, reflecting its overall financial health beyond just this single metric.
How does Ichitan Group PCL's ROC (Joel Greenblatt) % compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, Ichitan Group PCL ranks #37 out of 116 companies for ROC (Joel Greenblatt) %. This puts Ichitan Group PCL in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 20.14. Ichitan Group PCL's value of 29.49% is 46.5% above this benchmark. Historically, Ichitan Group PCL's own ROC (Joel Greenblatt) % has ranged from 0.30 to 36.16 over the past decade. While the company's 10-year median is 10.16 vs. the industry median of 20.14, Ichitan Group PCL has consistently been above 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 Beverages - Non-Alcoholic company?
The median ROC (Joel Greenblatt) % among Beverages - Non-Alcoholic companies is 20.14, based on 116 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. Ichitan Group PCL's current ROC (Joel Greenblatt) % of 29.49% is 46.5% 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 Ichitan Group PCL and its competitors. For the Beverages - Non-Alcoholic industry, the median ROC (Joel Greenblatt) % is 20.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ichitan Group PCL's current ROC (Joel Greenblatt) % is 29.49%, which is 190% above median its own 10-year median of 10.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ichitan Group PCL stock overvalued right now?
Ichitan Group PCL (BKK:ICHI-R) has a current ROC (Joel Greenblatt) % of 29.49%. The stock's GF Value™ is ฿11.86, compared to a current price of ฿10.60 — trading 10.6% below its estimated fair value. The current ROC (Joel Greenblatt) % is 29.49%, which is 190% above median its 10-year median of 10.16 and 46.5% above the Beverages - Non-Alcoholic industry median of 20.14. Ichitan Group PCL's overall GF Score™ is 94/100 with 2 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 Ichitan Group PCL (BKK:ICHI-R), the current ROC (Joel Greenblatt) % is 29.49% 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 Ichitan Group PCL (BKK:ICHI-R) Overvalued in 2026?
Based on GuruFocus' analysis, Ichitan Group PCL stock appears to be undervalued.
The current stock price of ฿10.60 is trading 10.6% below its estimated GF Value™ of ฿11.86.
Key valuation signals for BKK:ICHI-R:
ROC (Joel Greenblatt) %: 29.49% (190% above median its 10-year median of 10.16)
GF Value™: ฿11.86 vs. price of ฿10.60 (10.6% below fair value)
Industry Position: 46.5% above the Beverages - Non-Alcoholic median (#37 of 116)
No single metric tells the full story. See the BKK:ICHI-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ichitan Group PCL manufactures and sells ready-to-drink tea beverages in Thailand. It manufactures and sells ready to drink green tea beverage, herbal drink, and low-sugar ready-to-drink tea beverage, under the brand name of Ichitan Green Tea. Majority of the revenue for the company is generated from Thailand and rest from overseas markets.
94GF Score
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