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MFEC PCLBKK:MFEC -0.82%74 ROC (Joel Greenblatt) % is 121.09% as of Mar. 2026, which is 81% above its 10-year median of 66.94. GuruFocus rates BKK:MFEC with a GF Score™ of 74/100 and a GF Value™ of ฿6.03 (Fairly Valued). The stock has 6 warning signs investors should review. Among 2,814 Software companies, MFEC PCL ranks better than 70.9% 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. MFEC PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 121.09%.
The historical rank and industry rank for MFEC PCL's ROC (Joel Greenblatt) % or its related term are showing as below:
BKK:MFEC'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -40.81 Med: 66.94 Max: 90.06
Current: 89.69
During the past 13 years, MFEC PCL's highest ROC (Joel Greenblatt) % was 90.06%. The lowest was -40.81%. And the median was 66.94%.
BKK:MFEC's ROC (Joel Greenblatt) % is ranked better than 70.9% of 2814
companies
in the Software industry
Industry Median: 20
vs BKK:MFEC: 89.69
MFEC PCL's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 2.50% 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.
The historical data trend for MFEC 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:MFEC vs IBM, ACN, FISV: ROC (Joel Greenblatt) % Comparison
For the Information Technology Services subindustry, MFEC 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.
MFEC PCL ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, MFEC PCL's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where MFEC 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 121.09% mean?
MFEC PCL (BKK:MFEC) has a ROC (Joel Greenblatt) % of 121.09% 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 MFEC PCL and its competitors. This is 81% above median its historical median of 66.94. According to the industry distribution chart, MFEC PCL ranks #819 out of 2814 companies in the Software industry, placing it in the top 29.1%.
Is MFEC PCL's ROC (Joel Greenblatt) % too high?
MFEC PCL's current ROC (Joel Greenblatt) % of 121.09% is 81% above median its 10-year median of 66.94. The Software industry median ROC (Joel Greenblatt) % is 20.00. MFEC PCL's value of 121.09% is 505.5% above this industry median. Based on the distribution chart, MFEC PCL ranks #819 out of 2814 companies in the Software industry, which is above the industry midpoint. Overall, MFEC PCL has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does MFEC PCL's ROC (Joel Greenblatt) % compare to IBM and ACN?
According to the Software industry distribution chart, MFEC PCL ranks #819 out of 2814 companies for ROC (Joel Greenblatt) %. This puts MFEC PCL in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 20.00. MFEC PCL's value of 121.09% is 505.5% above this benchmark. While the company's 10-year median is 66.94 vs. the industry median of 20.00, MFEC 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 Software company?
The median ROC (Joel Greenblatt) % among Software companies is 20.00, based on 2,814 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. MFEC PCL's current ROC (Joel Greenblatt) % of 121.09% is 505.5% 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 MFEC PCL and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 20.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MFEC PCL's current ROC (Joel Greenblatt) % is 121.09%, which is 81% above median its own 10-year median of 66.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MFEC PCL stock overvalued right now?
Based on GuruFocus' analysis, MFEC PCL (BKK:MFEC) is currently considered Fairly Valued. The stock's GF Value™ is ฿6.03, compared to a current price of ฿6.05 — trading 0.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is 121.09%, which is 81% above median its 10-year median of 66.94 and 505.5% above the Software industry median of 20.00. MFEC PCL's overall GF Score™ is 74/100 with 6 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 MFEC PCL (BKK:MFEC), the current ROC (Joel Greenblatt) % is 121.09% 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 MFEC PCL (BKK:MFEC) Overvalued in 2026?
Based on GuruFocus' analysis, MFEC PCL stock appears to be overvalued.
The current stock price of ฿6.05 is trading 0.3% above its estimated GF Value™ of ฿6.03.
GuruFocus considers MFEC PCL to be Fairly Valued.
Key valuation signals for BKK:MFEC:
ROC (Joel Greenblatt) %: 121.09% (81% above median its 10-year median of 66.94)
GF Value™: ฿6.03 vs. price of ฿6.05 (0.3% above fair value)
Industry Position: 505.5% above the Software median (#819 of 2814)
No single metric tells the full story. See the BKK:MFEC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MFEC PCL is involved in the sales of computers, computer systems, system implementation, maintenance service program development, and provision of related services. The firm operates in segments, which are IT Professional Services, System Integration, and Maintenance Services and Cloud computing service. Systems Integration involves the process of design, procurement, and implementation of computer systems and IT infrastructures. The majority of its revenue is generated from Maintenance services. Maintenance services include telephone support through help-desk and hotline numbers, remote diagnosis, onsite standby, and troubleshooting.
74GF Score
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