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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. Mfc-Nichada Thani Property Fund's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 0.00%.
The historical rank and industry rank for Mfc-Nichada Thani Property Fund's ROC (Joel Greenblatt) % or its related term are showing as below:
BKK:MNIT'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2277.45 Med: 2277.45 Max: 4564.01
Current: 4564.01
During the past 13 years, Mfc-Nichada Thani Property Fund's highest ROC (Joel Greenblatt) % was 4564.01%. The lowest was 2277.45%. And the median was 2277.45%.
BKK:MNIT's ROC (Joel Greenblatt) % is ranked better than 87.99% of 583
companies
in the REITs industry
Industry Median: 179.69
vs BKK:MNIT: 4564.01
Mfc-Nichada Thani Property Fund (BKK:MNIT) 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.
Mfc-Nichada Thani Property Fund ROC (Joel Greenblatt) % Chart
BKK:MNIT vs AVB, EQR, ESS: ROC (Joel Greenblatt) % Comparison
For the REIT - Residential subindustry, Mfc-Nichada Thani Property Fund'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.
Mfc-Nichada Thani Property Fund ROC (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, Mfc-Nichada Thani Property Fund's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Mfc-Nichada Thani Property Fund's ROC (Joel Greenblatt) % falls into.
Mfc-Nichada Thani Property Fund 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 0.00% mean?
Mfc-Nichada Thani Property Fund (BKK:MNIT) has a ROC (Joel Greenblatt) % of 0.00% 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 Mfc-Nichada Thani Property Fund and its competitors. Over the past decade, Mfc-Nichada Thani Property Fund's ROC (Joel Greenblatt) % has ranged from 2,277.45 to 4,564.01. According to the industry distribution chart, Mfc-Nichada Thani Property Fund ranks #70 out of 583 companies in the REITs industry, placing it in the top 12%.
Is Mfc-Nichada Thani Property Fund's ROC (Joel Greenblatt) % too high?
Mfc-Nichada Thani Property Fund's current ROC (Joel Greenblatt) % is 0.00%. Over the past 10 years, this metric has ranged from a low of 2,277.45 to a high of 4,564.01. Based on the distribution chart, Mfc-Nichada Thani Property Fund ranks #70 out of 583 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Mfc-Nichada Thani Property Fund has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mfc-Nichada Thani Property Fund's ROC (Joel Greenblatt) % compare to AVB and EQR?
According to the REITs industry distribution chart, Mfc-Nichada Thani Property Fund ranks #70 out of 583 companies for ROC (Joel Greenblatt) %. This places Mfc-Nichada Thani Property Fund in the top 12% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 179.69. Historically, Mfc-Nichada Thani Property Fund's own ROC (Joel Greenblatt) % has ranged from 2,277.45 to 4,564.01 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 REITs company?
The median ROC (Joel Greenblatt) % among REITs companies is 179.69, based on 583 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 Mfc-Nichada Thani Property Fund and its competitors. For the REITs industry, the median ROC (Joel Greenblatt) % is 179.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mfc-Nichada Thani Property Fund's current ROC (Joel Greenblatt) % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mfc-Nichada Thani Property Fund stock overvalued right now?
Based on GuruFocus' analysis, Mfc-Nichada Thani Property Fund (BKK:MNIT) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿2.42, compared to a current price of ฿1.94 — trading 19.8% below its estimated fair value. The current ROC (Joel Greenblatt) % is 0.00%. Mfc-Nichada Thani Property Fund's overall GF Score™ is 75/100 with 2 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 Mfc-Nichada Thani Property Fund (BKK:MNIT), the current ROC (Joel Greenblatt) % is 0.00% 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 Mfc-Nichada Thani Property Fund (BKK:MNIT) Overvalued in 2026?
Based on GuruFocus' analysis, Mfc-Nichada Thani Property Fund stock appears to be undervalued.
The current stock price of ฿1.94 is trading 19.8% below its estimated GF Value™ of ฿2.42.
GuruFocus considers Mfc-Nichada Thani Property Fund to be Modestly Undervalued.
Key valuation signals for BKK:MNIT:
ROC (Joel Greenblatt) %: 0.00%
GF Value™: ฿2.42 vs. price of ฿1.94 (19.8% below fair value)
No single metric tells the full story. See the BKK:MNIT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mfc-Nichada Thani Property Fund Business Description
Mfc-Nichada Thani Property Fund is a close-ended property fund with no maturity date. The fund's objective is to use the proceeds from the sale of investment units to invest in properties for residential buildings including land and private houses for a living, which is in Amphur Pakkred, Nonthaburi. It operates under one segment namely Rental of Properties in Thailand.
75GF Score
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