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Master Style PCLBKK:MASTER +3.85%56 ROC (Joel Greenblatt) % is 19.18% as of Mar. 2026, which is 71% below its 10-year median of 66.75. GuruFocus rates BKK:MASTER with a GF Score™ of 56/100 and a GF Value™ of ฿41.52 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 670 Healthcare Providers & Services companies, Master Style PCL ranks better than 59.1% 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. Master Style PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 19.18%.
The historical rank and industry rank for Master Style PCL's ROC (Joel Greenblatt) % or its related term are showing as below:
BKK:MASTER'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 16.77 Med: 66.75 Max: 97.04
Current: 17.03
During the past 6 years, Master Style PCL's highest ROC (Joel Greenblatt) % was 97.04%. The lowest was 16.77%. And the median was 66.75%.
BKK:MASTER's ROC (Joel Greenblatt) % is ranked better than 59.1% of 670
companies
in the Healthcare Providers & Services industry
Industry Median: 12.43
vs BKK:MASTER: 17.03
Master Style PCL's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% 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.
Master Style PCL ROC (Joel Greenblatt) % Related Terms
Master Style PCL ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Master Style 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:MASTER vs HCA, THC, DVA: ROC (Joel Greenblatt) % Comparison
For the Medical Care Facilities subindustry, Master Style 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.
Master Style PCL ROC (Joel Greenblatt) % vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Master Style PCL's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Master Style 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 19.18% mean?
Master Style PCL (BKK:MASTER) has a ROC (Joel Greenblatt) % of 19.18% 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 Master Style PCL and its competitors. This is 71% below median its historical median of 66.75. Over the past decade, Master Style PCL's ROC (Joel Greenblatt) % has ranged from 16.77 to 97.04. According to the industry distribution chart, Master Style PCL ranks #274 out of 670 companies in the Healthcare Providers & Services industry, placing it in the top 40.9%.
Is Master Style PCL's ROC (Joel Greenblatt) % too high?
Master Style PCL's current ROC (Joel Greenblatt) % of 19.18% is 71% below median its 10-year median of 66.75. Over the past 10 years, this metric has ranged from a low of 16.77 to a high of 97.04. The Healthcare Providers & Services industry median ROC (Joel Greenblatt) % is 12.43. Master Style PCL's value of 19.18% is 54.3% above this industry median. Based on the distribution chart, Master Style PCL ranks #274 out of 670 companies in the Healthcare Providers & Services industry, which is above the industry midpoint. Overall, Master Style PCL has a GF Score™ of 56/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Master Style PCL's ROC (Joel Greenblatt) % compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Master Style PCL ranks #274 out of 670 companies for ROC (Joel Greenblatt) %. This puts Master Style PCL in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 12.43. Master Style PCL's value of 19.18% is 54.3% above this benchmark. Historically, Master Style PCL's own ROC (Joel Greenblatt) % has ranged from 16.77 to 97.04 over the past decade. While the company's 10-year median is 66.75 vs. the industry median of 12.43, Master Style 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 Healthcare Providers & Services company?
The median ROC (Joel Greenblatt) % among Healthcare Providers & Services companies is 12.43, based on 670 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. Master Style PCL's current ROC (Joel Greenblatt) % of 19.18% is 54.3% 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 Master Style PCL and its competitors. For the Healthcare Providers & Services industry, the median ROC (Joel Greenblatt) % is 12.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Master Style PCL's current ROC (Joel Greenblatt) % is 19.18%, which is 71% below median its own 10-year median of 66.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Master Style PCL stock overvalued right now?
Based on GuruFocus' analysis, Master Style PCL (BKK:MASTER) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿41.52, compared to a current price of ฿9.45 — trading 77.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is 19.18%, which is 71% below median its 10-year median of 66.75 and 54.3% above the Healthcare Providers & Services industry median of 12.43. Master Style PCL's overall GF Score™ is 56/100 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 Master Style PCL (BKK:MASTER), the current ROC (Joel Greenblatt) % is 19.18% 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 Master Style PCL (BKK:MASTER) Overvalued in 2026?
Based on GuruFocus' analysis, Master Style PCL stock appears to be undervalued.
The current stock price of ฿9.45 is trading 77.2% below its estimated GF Value™ of ฿41.52.
GuruFocus considers Master Style PCL to be Significantly Undervalued.
Key valuation signals for BKK:MASTER:
ROC (Joel Greenblatt) %: 19.18% (71% below median its 10-year median of 66.75)
GF Value™: ฿41.52 vs. price of ฿9.45 (77.2% below fair value)
Industry Position: 54.3% above the Healthcare Providers & Services median (#274 of 670)
No single metric tells the full story. See the BKK:MASTER stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Master Style PCL is principally engaged in a cosmetic surgery hospital under the name of Masterpiece Hospital. It is a skincare and cosmetic surgery clinic. The company's services include: eye surgery, Nose surgery, Facial surgery, Hair transplant Liposuction and others. The company has two principal segments; Hospital business, which generates the majority of the revenue, and the trading of cosmetic products.
56GF Score
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