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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. Micro Leasing PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -136.15%.
The historical rank and industry rank for Micro Leasing PCL's ROC (Joel Greenblatt) % or its related term are showing as below:
BKK:MICRO'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 38.73 Med: 212.03 Max: 379.18
Current: 39.45
During the past 8 years, Micro Leasing PCL's highest ROC (Joel Greenblatt) % was 379.18%. The lowest was 38.73%. And the median was 212.03%.
BKK:MICRO's ROC (Joel Greenblatt) % is ranked better than 50.72% of 414
companies
in the Credit Services industry
Industry Median: 38.59
vs BKK:MICRO: 39.45
Micro Leasing PCL's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -30.80% 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.
Micro Leasing PCL ROC (Joel Greenblatt) % Related Terms
Micro Leasing PCL ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Micro Leasing 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:MICRO vs V, MA, AXP: ROC (Joel Greenblatt) % Comparison
For the Credit Services subindustry, Micro Leasing 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.
Micro Leasing PCL ROC (Joel Greenblatt) % vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Micro Leasing PCL's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Micro Leasing 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 (Dec. 2025) 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 -136.15% mean?
Micro Leasing PCL (BKK:MICRO) has a ROC (Joel Greenblatt) % of -136.15% as of Dec. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Micro Leasing PCL and its competitors. Over the past decade, Micro Leasing PCL's ROC (Joel Greenblatt) % has ranged from 38.73 to 379.18. According to the industry distribution chart, Micro Leasing PCL ranks #204 out of 414 companies in the Credit Services industry, placing it in the top 49.3%.
Is Micro Leasing PCL's ROC (Joel Greenblatt) % too high?
Micro Leasing PCL's current ROC (Joel Greenblatt) % is -136.15%. Over the past 10 years, this metric has ranged from a low of 38.73 to a high of 379.18. Based on the distribution chart, Micro Leasing PCL ranks #204 out of 414 companies in the Credit Services industry, which is above the industry midpoint. Overall, Micro Leasing PCL has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Micro Leasing PCL's ROC (Joel Greenblatt) % compare to V and MA?
According to the Credit Services industry distribution chart, Micro Leasing PCL ranks #204 out of 414 companies for ROC (Joel Greenblatt) %. This puts Micro Leasing PCL in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 38.59. Historically, Micro Leasing PCL's own ROC (Joel Greenblatt) % has ranged from 38.73 to 379.18 over the past decade. 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 Credit Services company?
The median ROC (Joel Greenblatt) % among Credit Services companies is 38.59, based on 414 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. 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 Micro Leasing PCL and its competitors. For the Credit Services industry, the median ROC (Joel Greenblatt) % is 38.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Micro Leasing PCL's current ROC (Joel Greenblatt) % is -136.15%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Micro Leasing PCL stock overvalued right now?
Based on GuruFocus' analysis, Micro Leasing PCL (BKK:MICRO) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿1.08, compared to a current price of ฿1.30 — trading 20.4% above its estimated fair value. The current ROC (Joel Greenblatt) % is -136.15%. Micro Leasing PCL's overall GF Score™ is 76/100 with 9 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 Micro Leasing PCL (BKK:MICRO), the current ROC (Joel Greenblatt) % is -136.15% as of Dec. 2025. 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 Micro Leasing PCL (BKK:MICRO) Overvalued in 2026?
Based on GuruFocus' analysis, Micro Leasing PCL stock appears to be overvalued.
The current stock price of ฿1.30 is trading 20.4% above its estimated GF Value™ of ฿1.08.
GuruFocus considers Micro Leasing PCL to be Modestly Overvalued.
Key valuation signals for BKK:MICRO:
ROC (Joel Greenblatt) %: -136.15%
GF Value™: ฿1.08 vs. price of ฿1.30 (20.4% above fair value)
No single metric tells the full story. See the BKK:MICRO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Micro Leasing PCL is engaged in the business of providing hire purchase loans for used trucks, such as six-wheel, ten-wheel, and motorcycles. The Group's operations involves operating segments which are hire purchase of trucks business, hire purchase of motorcycles business; insurance brokerage business and personal loan business. The company carries its operations in Thailand. It generates majority of its revenue from Hire purchase of trucks business.
76GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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