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President Bakery PCLBKK:PB 72 ROC (Joel Greenblatt) % is 29.68% as of Mar. 2026, which is 36% below its 10-year median of 46.69. GuruFocus rates BKK:PB with a GF Score™ of 72/100 and a GF Value™ of ฿55.46 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,982 Consumer Packaged Goods companies, President Bakery PCL ranks better than 80.78% 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. President Bakery PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 29.68%.
The historical rank and industry rank for President Bakery PCL's ROC (Joel Greenblatt) % or its related term are showing as below:
BKK:PB'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 31.83 Med: 46.69 Max: 55.91
Current: 31.83
During the past 13 years, President Bakery PCL's highest ROC (Joel Greenblatt) % was 55.91%. The lowest was 31.83%. And the median was 46.69%.
BKK:PB's ROC (Joel Greenblatt) % is ranked better than 80.78% of 1982
companies
in the Consumer Packaged Goods industry
Industry Median: 11.985
vs BKK:PB: 31.83
President Bakery PCL's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -5.90% per year.
President Bakery PCL (BKK:PB) 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.
President Bakery PCL ROC (Joel Greenblatt) % Related Terms
President Bakery PCL ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for President Bakery 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.
President Bakery PCL ROC (Joel Greenblatt) % Chart
BKK:PB vs KHC, GIS: ROC (Joel Greenblatt) % Comparison
For the Packaged Foods subindustry, President Bakery 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.
President Bakery PCL ROC (Joel Greenblatt) % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, President Bakery PCL's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where President Bakery PCL's ROC (Joel Greenblatt) % falls into.
President Bakery PCL 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 29.68% mean?
President Bakery PCL (BKK:PB) has a ROC (Joel Greenblatt) % of 29.68% 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 President Bakery PCL and its competitors. This is 36% below median its historical median of 46.69. Over the past decade, President Bakery PCL's ROC (Joel Greenblatt) % has ranged from 31.83 to 55.91. According to the industry distribution chart, President Bakery PCL ranks #381 out of 1982 companies in the Consumer Packaged Goods industry, placing it in the top 19.2%.
Is President Bakery PCL's ROC (Joel Greenblatt) % too high?
President Bakery PCL's current ROC (Joel Greenblatt) % of 29.68% is 36% below median its 10-year median of 46.69. Over the past 10 years, this metric has ranged from a low of 31.83 to a high of 55.91. The Consumer Packaged Goods industry median ROC (Joel Greenblatt) % is 11.99. President Bakery PCL's value of 29.68% is 147.6% above this industry median. Based on the distribution chart, President Bakery PCL ranks #381 out of 1982 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, President Bakery PCL has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does President Bakery PCL's ROC (Joel Greenblatt) % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, President Bakery PCL ranks #381 out of 1982 companies for ROC (Joel Greenblatt) %. This places President Bakery PCL in the top 19% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.99. President Bakery PCL's value of 29.68% is 147.6% above this benchmark. Historically, President Bakery PCL's own ROC (Joel Greenblatt) % has ranged from 31.83 to 55.91 over the past decade. While the company's 10-year median is 46.69 vs. the industry median of 11.99, President Bakery 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 Consumer Packaged Goods company?
The median ROC (Joel Greenblatt) % among Consumer Packaged Goods companies is 11.99, based on 1,982 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. President Bakery PCL's current ROC (Joel Greenblatt) % of 29.68% is 147.6% 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 President Bakery PCL and its competitors. For the Consumer Packaged Goods industry, the median ROC (Joel Greenblatt) % is 11.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. President Bakery PCL's current ROC (Joel Greenblatt) % is 29.68%, which is 36% below median its own 10-year median of 46.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is President Bakery PCL stock overvalued right now?
Based on GuruFocus' analysis, President Bakery PCL (BKK:PB) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿55.46, compared to a current price of ฿48.00 — trading 13.5% below its estimated fair value. The current ROC (Joel Greenblatt) % is 29.68%, which is 36% below median its 10-year median of 46.69 and 147.6% above the Consumer Packaged Goods industry median of 11.99. President Bakery PCL's overall GF Score™ is 72/100 with 5 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 President Bakery PCL (BKK:PB), the current ROC (Joel Greenblatt) % is 29.68% 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 President Bakery PCL (BKK:PB) Overvalued in 2026?
Based on GuruFocus' analysis, President Bakery PCL stock appears to be undervalued.
The current stock price of ฿48.00 is trading 13.5% below its estimated GF Value™ of ฿55.46.
GuruFocus considers President Bakery PCL to be Modestly Undervalued.
Key valuation signals for BKK:PB:
ROC (Joel Greenblatt) %: 29.68% (36% below median its 10-year median of 46.69)
GF Value™: ฿55.46 vs. price of ฿48.00 (13.5% below fair value)
Industry Position: 147.6% above the Consumer Packaged Goods median (#381 of 1982)
No single metric tells the full story. See the BKK:PB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
President Bakery PCL is engaged in the manufacture and sales of bakery products. Its products include Cookies, Pies, Breads, Dorayaki, Buns, Toasts, Cakes etc. The company markets its products under the brand name of Farmhouse. The reportable operating segment of the company is manufacture and sales of bakery products and the single geographical area of its operations is Thailand.
72GF Score
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