Patrangsit Healthcare Group PCL (BKK:PHG) ROC (Joel Greenblatt) %: 24.97% (As of Mar. 2026) — 42% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BKK:PHG Patrangsit Healthcare Group PCL BKK:PHG
53 GF Score
Price ฿10.40
GF Value ฿16.07
Valuation Significantly Undervalued
View Full Analysis

What is Patrangsit Healthcare Group PCL ROC (Joel Greenblatt) %?

Patrangsit Healthcare Group PCL BKK:PHG 53 ROC (Joel Greenblatt) % is 24.97% as of Mar. 2026, which is 42% below its 10-year median of 43.02. GuruFocus rates BKK:PHG with a GF Score™ of 53/100 and a GF Value™ of ฿16.07 (Significantly Undervalued). Among 669 Healthcare Providers & Services companies, Patrangsit Healthcare Group PCL ranks better than 77.58% 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. Patrangsit Healthcare Group PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 24.97%.

The historical rank and industry rank for Patrangsit Healthcare Group PCL's ROC (Joel Greenblatt) % or its related term are showing as below:

BKK:PHG' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 34.84   Med: 43.02   Max: 50.18
Current: 38.41

During the past 5 years, Patrangsit Healthcare Group PCL's highest ROC (Joel Greenblatt) % was 50.18%. The lowest was 34.84%. And the median was 43.02%.

BKK:PHG's ROC (Joel Greenblatt) % is ranked better than
77.58% of 669 companies
in the Healthcare Providers & Services industry
Industry Median: 12.54 vs BKK:PHG: 38.41

Patrangsit Healthcare Group PCL's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Patrangsit Healthcare Group PCL  (BKK:PHG) 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.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


Patrangsit Healthcare Group PCL ROC (Joel Greenblatt) % Related Terms


Patrangsit Healthcare Group PCL ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Patrangsit Healthcare Group 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.

Patrangsit Healthcare Group PCL ROC (Joel Greenblatt) % Chart

Patrangsit Healthcare Group PCL Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
ROC (Joel Greenblatt) %
50.18 45.82 38.54 34.84 43.02

Patrangsit Healthcare Group PCL Quarterly Data
Dec21 Mar22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 43.15 47.99 44.20 36.38 24.97

BKK:PHG vs HCA, THC, DVA: ROC (Joel Greenblatt) % Comparison

For the Medical Care Facilities subindustry, Patrangsit Healthcare Group 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.


Patrangsit Healthcare Group PCL ROC (Joel Greenblatt) % vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Patrangsit Healthcare Group PCL's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Patrangsit Healthcare Group PCL's ROC (Joel Greenblatt) % falls into.


BKK:PHG
53GF Score
Patrangsit Healthcare Group PCL BKK:PHG
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Patrangsit Healthcare Group 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:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

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.

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(69.965 + 72.393 + 1.21) - (331.627 + 0 + 0)
=-188.059

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(69.286 + 103.975 + 1.0540000000001) - (368.173 + 0 + 0)
=-193.858

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Patrangsit Healthcare Group PCL for the quarter that ended in Mar. 2026 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=222.984/( ( (887.896 + max(-188.059, 0)) + (897.833 + max(-193.858, 0)) )/ 2 )
=222.984/( ( 887.896 + 897.833 )/ 2 )
=222.984/892.8645
=24.97 %

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 24.97% mean?
Patrangsit Healthcare Group PCL (BKK:PHG) has a ROC (Joel Greenblatt) % of 24.97% 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 Patrangsit Healthcare Group PCL and its competitors. This is 42% below median its historical median of 43.02. Over the past decade, Patrangsit Healthcare Group PCL's ROC (Joel Greenblatt) % has ranged from 34.84 to 50.18. According to the industry distribution chart, Patrangsit Healthcare Group PCL ranks #150 out of 669 companies in the Healthcare Providers & Services industry, placing it in the top 22.4%.
Is Patrangsit Healthcare Group PCL's ROC (Joel Greenblatt) % too high?
Patrangsit Healthcare Group PCL's current ROC (Joel Greenblatt) % of 24.97% is 42% below median its 10-year median of 43.02. Over the past 10 years, this metric has ranged from a low of 34.84 to a high of 50.18. The Healthcare Providers & Services industry median ROC (Joel Greenblatt) % is 12.54. Patrangsit Healthcare Group PCL's value of 24.97% is 99.1% above this industry median. Based on the distribution chart, Patrangsit Healthcare Group PCL ranks #150 out of 669 companies in the Healthcare Providers & Services industry, which is in the top quartile — a strong position relative to peers. Overall, Patrangsit Healthcare Group PCL has a GF Score™ of 53/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Patrangsit Healthcare Group PCL's ROC (Joel Greenblatt) % compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Patrangsit Healthcare Group PCL ranks #150 out of 669 companies for ROC (Joel Greenblatt) %. This places Patrangsit Healthcare Group PCL in the top 22% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 12.54. Patrangsit Healthcare Group PCL's value of 24.97% is 99.1% above this benchmark. Historically, Patrangsit Healthcare Group PCL's own ROC (Joel Greenblatt) % has ranged from 34.84 to 50.18 over the past decade. While the company's 10-year median is 43.02 vs. the industry median of 12.54, Patrangsit Healthcare Group 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 12.54, based on 669 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. Patrangsit Healthcare Group PCL's current ROC (Joel Greenblatt) % of 24.97% is 99.1% 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 Patrangsit Healthcare Group PCL and its competitors. For the Healthcare Providers & Services industry, the median ROC (Joel Greenblatt) % is 12.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Patrangsit Healthcare Group PCL's current ROC (Joel Greenblatt) % is 24.97%, which is 42% below median its own 10-year median of 43.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Patrangsit Healthcare Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Patrangsit Healthcare Group PCL (BKK:PHG) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿16.07, compared to a current price of ฿10.40 — trading 35.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is 24.97%, which is 42% below median its 10-year median of 43.02 and 99.1% above the Healthcare Providers & Services industry median of 12.54. Patrangsit Healthcare Group PCL's overall GF Score™ is 53/100. 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 Patrangsit Healthcare Group PCL (BKK:PHG), the current ROC (Joel Greenblatt) % is 24.97% 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 Patrangsit Healthcare Group PCL (BKK:PHG) Overvalued in 2026?

Based on GuruFocus' analysis, Patrangsit Healthcare Group PCL stock appears to be undervalued. The current stock price of ฿10.40 is trading 35.3% below its estimated GF Value™ of ฿16.07. GuruFocus considers Patrangsit Healthcare Group PCL to be Significantly Undervalued.

Key valuation signals for BKK:PHG:

  • ROC (Joel Greenblatt) %: 24.97% (42% below median its 10-year median of 43.02)
  • GF Value™: ฿16.07 vs. price of ฿10.40 (35.3% below fair value)
  • GF Score™: 53/100
  • Industry Position: 99.1% above the Healthcare Providers & Services median (#150 of 669)

No single metric tells the full story. See the BKK:PHG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Patrangsit Healthcare Group PCL Business Description

Address 733/345, 733/359 Moo 8, Phahonyothin Road, Tambon Khu Khot, Amphoe Lam Luk Ka, Pathum Thani, Bangkok, THA, 12130
Patrangsit Healthcare Group PCL engages in the operations of the hospital business. The company's services include medical services, wardroom, health insurance customer services, corporate customer services and international services. It operates in one main reportable operating segment, which is hospital business and operates in one geographical area, which is Thailand.
53GF Score

Get the complete analysis for BKK:PHG

ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿10.40
Price
฿16.07
GF Value