KCE Electronics PCLBKK:KCE-R 74 ROC (Joel Greenblatt) % is 10.28% as of Mar. 2026, which is 34% below its 10-year median of 15.60. GuruFocus rates BKK:KCE-R with a GF Score™ of 74/100 and a GF Value™ of ฿18.07. The stock has 10 warning signs investors should review. Among 2,489 Hardware companies, KCE Electronics PCL ranks worse than 52.47% 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. KCE Electronics PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 10.28%.
The historical rank and industry rank for KCE Electronics PCL's ROC (Joel Greenblatt) % or its related term are showing as below:
BKK:KCE-R'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 8.3 Med: 15.6 Max: 25.52
Current: 8.87
During the past 13 years, KCE Electronics PCL's highest ROC (Joel Greenblatt) % was 25.52%. The lowest was 8.30%. And the median was 15.60%.
BKK:KCE-R's ROC (Joel Greenblatt) % is ranked worse than 52.47% of 2489
companies
in the Hardware industry
Industry Median: 10.35
vs BKK:KCE-R: 8.87
KCE Electronics PCL's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -7.40% 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.
KCE Electronics PCL ROC (Joel Greenblatt) % Related Terms
KCE Electronics PCL ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for KCE Electronics 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:KCE-R vs APH, GLW, TEL: ROC (Joel Greenblatt) % Comparison
For the Electronic Components subindustry, KCE Electronics 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.
KCE Electronics PCL ROC (Joel Greenblatt) % vs Hardware Industry
For the Hardware industry and Technology sector, KCE Electronics PCL's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where KCE Electronics 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 (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 10.28% mean?
KCE Electronics PCL (BKK:KCE-R) has a ROC (Joel Greenblatt) % of 10.28% 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 KCE Electronics PCL and its competitors. This is 34% below median its historical median of 15.60. Over the past decade, KCE Electronics PCL's ROC (Joel Greenblatt) % has ranged from 8.30 to 25.52. According to the industry distribution chart, KCE Electronics PCL ranks #1306 out of 2489 companies in the Hardware industry, placing it in the top 52.5%.
Is KCE Electronics PCL's ROC (Joel Greenblatt) % too high?
KCE Electronics PCL's current ROC (Joel Greenblatt) % of 10.28% is 34% below median its 10-year median of 15.60. Over the past 10 years, this metric has ranged from a low of 8.30 to a high of 25.52. The Hardware industry median ROC (Joel Greenblatt) % is 10.35. KCE Electronics PCL's value of 10.28% is 0.7% below this industry median. Based on the distribution chart, KCE Electronics PCL ranks #1306 out of 2489 companies in the Hardware industry, which is below the industry midpoint. Overall, KCE Electronics PCL has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does KCE Electronics PCL's ROC (Joel Greenblatt) % compare to APH and GLW?
According to the Hardware industry distribution chart, KCE Electronics PCL ranks #1306 out of 2489 companies for ROC (Joel Greenblatt) %. This places KCE Electronics PCL in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 10.35. KCE Electronics PCL's value of 10.28% is 0.7% below this benchmark. Historically, KCE Electronics PCL's own ROC (Joel Greenblatt) % has ranged from 8.30 to 25.52 over the past decade. While the company's 10-year median is 15.60 vs. the industry median of 10.35, KCE Electronics 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 Hardware company?
The median ROC (Joel Greenblatt) % among Hardware companies is 10.35, based on 2,489 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. KCE Electronics PCL's current ROC (Joel Greenblatt) % of 10.28% is 0.7% 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 KCE Electronics PCL and its competitors. For the Hardware industry, the median ROC (Joel Greenblatt) % is 10.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KCE Electronics PCL's current ROC (Joel Greenblatt) % is 10.28%, which is 34% below median its own 10-year median of 15.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KCE Electronics PCL stock overvalued right now?
KCE Electronics PCL (BKK:KCE-R) has a current ROC (Joel Greenblatt) % of 10.28%. The stock's GF Value™ is ฿18.07, compared to a current price of ฿24.00 — trading 32.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is 10.28%, which is 34% below median its 10-year median of 15.60 and 0.7% below the Hardware industry median of 10.35. KCE Electronics PCL's overall GF Score™ is 74/100 with 10 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 KCE Electronics PCL (BKK:KCE-R), the current ROC (Joel Greenblatt) % is 10.28% 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 KCE Electronics PCL (BKK:KCE-R) Overvalued in 2026?
Based on GuruFocus' analysis, KCE Electronics PCL stock appears to be overvalued.
The current stock price of ฿24.00 is trading 32.8% above its estimated GF Value™ of ฿18.07.
Key valuation signals for BKK:KCE-R:
ROC (Joel Greenblatt) %: 10.28% (34% below median its 10-year median of 15.60)
GF Value™: ฿18.07 vs. price of ฿24.00 (32.8% above fair value)
Industry Position: 0.7% below the Hardware median (#1306 of 2489)
No single metric tells the full story. See the BKK:KCE-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
KCE Electronics PCL and its subsidiaries manufacture and distribute printed circuit boards. The company is based in Thailand but earns the majority of its revenue internationally. It has three segments: Manufacturing and distributing of Prepreg and Laminate; Manufacturing and distributing of Printed Circuit Board; and Manufacturing and distributing of Chemical. The company manufactures printed circuit boards that are used in a variety of industries, including automotive, computer, industrial, and telecommunications systems. The company also manufactures and distributes chemicals and laminate products. The majority of its revenue is earned in Europe.
74GF Score
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