Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Information and Communication Networks PCLBKK:ICN +3.67%81 ROC (Joel Greenblatt) % is 80.35% as of Mar. 2026, which is 77% below its 10-year median of 343.01. GuruFocus rates BKK:ICN with a GF Score™ of 81/100 and a GF Value™ of ฿2.76 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 366 Telecommunication Services companies, Information and Communication Networks PCL ranks better than 80.6% 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. Information and Communication Networks PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 80.35%.
BKK:ICN's ROC (Joel Greenblatt) % is ranked better than 80.6% of 366
companies
in the Telecommunication Services industry
Industry Median: 16.135
vs BKK:ICN: 40.65
Information and Communication Networks PCL (BKK:ICN) 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.
Information and Communication Networks PCL ROC (Joel Greenblatt) % Chart
Information and Communication Networks PCL Annual Data
BKK:ICN vs VZ, TMUS, T: ROC (Joel Greenblatt) % Comparison
For the Telecom Services subindustry, Information and Communication Networks 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.
Information and Communication Networks PCL ROC (Joel Greenblatt) % vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Information and Communication Networks PCL's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Information and Communication Networks PCL's ROC (Joel Greenblatt) % falls into.
Information and Communication Networks 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 80.35% mean?
Information and Communication Networks PCL (BKK:ICN) has a ROC (Joel Greenblatt) % of 80.35% 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 Information and Communication Networks PCL and its competitors. This is 77% below median its historical median of 343.01. Over the past decade, Information and Communication Networks PCL's ROC (Joel Greenblatt) % has ranged from 28.01 to 1,613.11. According to the industry distribution chart, Information and Communication Networks PCL ranks #71 out of 366 companies in the Telecommunication Services industry, placing it in the top 19.4%.
Is Information and Communication Networks PCL's ROC (Joel Greenblatt) % too high?
Information and Communication Networks PCL's current ROC (Joel Greenblatt) % of 80.35% is 77% below median its 10-year median of 343.01. Over the past 10 years, this metric has ranged from a low of 28.01 to a high of 1,613.11. The Telecommunication Services industry median ROC (Joel Greenblatt) % is 16.14. Information and Communication Networks PCL's value of 80.35% is 398% above this industry median. Based on the distribution chart, Information and Communication Networks PCL ranks #71 out of 366 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, Information and Communication Networks PCL has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Information and Communication Networks PCL's ROC (Joel Greenblatt) % compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Information and Communication Networks PCL ranks #71 out of 366 companies for ROC (Joel Greenblatt) %. This places Information and Communication Networks PCL in the top 19% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 16.14. Information and Communication Networks PCL's value of 80.35% is 398% above this benchmark. Historically, Information and Communication Networks PCL's own ROC (Joel Greenblatt) % has ranged from 28.01 to 1,613.11 over the past decade. While the company's 10-year median is 343.01 vs. the industry median of 16.14, Information and Communication Networks 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 Telecommunication Services company?
The median ROC (Joel Greenblatt) % among Telecommunication Services companies is 16.14, based on 366 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. Information and Communication Networks PCL's current ROC (Joel Greenblatt) % of 80.35% is 398% 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 Information and Communication Networks PCL and its competitors. For the Telecommunication Services industry, the median ROC (Joel Greenblatt) % is 16.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Information and Communication Networks PCL's current ROC (Joel Greenblatt) % is 80.35%, which is 77% below median its own 10-year median of 343.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Information and Communication Networks PCL stock overvalued right now?
Based on GuruFocus' analysis, Information and Communication Networks PCL (BKK:ICN) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿2.76, compared to a current price of ฿2.26 — trading 18.1% below its estimated fair value. The current ROC (Joel Greenblatt) % is 80.35%, which is 77% below median its 10-year median of 343.01 and 398% above the Telecommunication Services industry median of 16.14. Information and Communication Networks PCL's overall GF Score™ is 81/100 with 8 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 Information and Communication Networks PCL (BKK:ICN), the current ROC (Joel Greenblatt) % is 80.35% 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 Information and Communication Networks PCL (BKK:ICN) Overvalued in 2026?
Based on GuruFocus' analysis, Information and Communication Networks PCL stock appears to be undervalued.
The current stock price of ฿2.26 is trading 18.1% below its estimated GF Value™ of ฿2.76.
GuruFocus considers Information and Communication Networks PCL to be Modestly Undervalued.
Key valuation signals for BKK:ICN:
ROC (Joel Greenblatt) %: 80.35% (77% below median its 10-year median of 343.01)
GF Value™: ฿2.76 vs. price of ฿2.26 (18.1% below fair value)
Industry Position: 398% above the Telecommunication Services median (#71 of 366)
No single metric tells the full story. See the BKK:ICN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Information and Communication Networks PCL is Engaged in telecommunications engineering business for government agencies, state enterprises and private companies. Its operations are carried only in Thailand. The Company is considered a full-service system integrator. The Company is able to provide design and installation services for telecommunication networks (Telecommunication System), which is a system in which the Company has expertise, as well as providing design and installation services for construction and other electrical systems (Construction and Electrical Systems). In addition, the Company also provides sales services for replacement equipment (Supply) and maintenance services for telecommunication networks (Maintenance).
81GF Score
Get the complete analysis for BKK:ICN
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BKK:ICN has been successfully added to your 
