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Power Line Engineering PCLBKK:PLE ROC (Joel Greenblatt) % is 45.80% as of Mar. 2026, which is 11% below its 10-year median of 51.72. The stock has 7 warning signs investors should review. Among 1,779 Construction companies, Power Line Engineering PCL ranks better than 74.82% 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. Power Line Engineering PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 45.80%.
The historical rank and industry rank for Power Line Engineering PCL's ROC (Joel Greenblatt) % or its related term are showing as below:
BKK:PLE'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -69.92 Med: 51.72 Max: 752.82
Current: 47.06
During the past 13 years, Power Line Engineering PCL's highest ROC (Joel Greenblatt) % was 752.82%. The lowest was -69.92%. And the median was 51.72%.
BKK:PLE's ROC (Joel Greenblatt) % is ranked better than 74.82% of 1779
companies
in the Construction industry
Industry Median: 19.59
vs BKK:PLE: 47.06
Power Line Engineering PCL (BKK:PLE) 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.
Power Line Engineering PCL ROC (Joel Greenblatt) % Chart
BKK:PLE vs PWR, FIX, EME: ROC (Joel Greenblatt) % Comparison
For the Engineering & Construction subindustry, Power Line Engineering 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.
Power Line Engineering PCL ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Power Line Engineering PCL's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Power Line Engineering PCL's ROC (Joel Greenblatt) % falls into.
Power Line Engineering 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 45.80% mean?
Power Line Engineering PCL (BKK:PLE) has a ROC (Joel Greenblatt) % of 45.80% 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 Power Line Engineering PCL and its competitors. This is 11% below median its historical median of 51.72. According to the industry distribution chart, Power Line Engineering PCL ranks #448 out of 1779 companies in the Construction industry, placing it in the top 25.2%.
Is Power Line Engineering PCL's ROC (Joel Greenblatt) % too high?
Power Line Engineering PCL's current ROC (Joel Greenblatt) % of 45.80% is 11% below median its 10-year median of 51.72. The Construction industry median ROC (Joel Greenblatt) % is 19.59. Power Line Engineering PCL's value of 45.80% is 133.8% above this industry median. Based on the distribution chart, Power Line Engineering PCL ranks #448 out of 1779 companies in the Construction industry, which is above the industry midpoint.
How does Power Line Engineering PCL's ROC (Joel Greenblatt) % compare to PWR and FIX?
According to the Construction industry distribution chart, Power Line Engineering PCL ranks #448 out of 1779 companies for ROC (Joel Greenblatt) %. This puts Power Line Engineering PCL in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 19.59. Power Line Engineering PCL's value of 45.80% is 133.8% above this benchmark. While the company's 10-year median is 51.72 vs. the industry median of 19.59, Power Line Engineering 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 Construction company?
The median ROC (Joel Greenblatt) % among Construction companies is 19.59, based on 1,779 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. Power Line Engineering PCL's current ROC (Joel Greenblatt) % of 45.80% is 133.8% 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 Power Line Engineering PCL and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Power Line Engineering PCL's current ROC (Joel Greenblatt) % is 45.80%, which is 11% below median its own 10-year median of 51.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Power Line Engineering PCL stock overvalued right now?
Based on GuruFocus' analysis, Power Line Engineering PCL (BKK:PLE) is currently considered Possible Value Trap. The stock's GF Value™ is ฿0.14, compared to a current price of ฿0.08 — trading 42.9% below its estimated fair value. The current ROC (Joel Greenblatt) % is 45.80%, which is 11% below median its 10-year median of 51.72 and 133.8% above the Construction industry median of 19.59. 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 Power Line Engineering PCL (BKK:PLE), the current ROC (Joel Greenblatt) % is 45.80% 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.
Power Line Engineering PCL is a Thailand-based company engaged in the business of system installation of electrical, air condition, sanitary and fire protection, civil construction, and real estate. The operations of the company principally involve construction contracting and property development, and are mostly carried out in a single geographic area of Thailand.
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