Qualitech PCLBKK:QLT +1.64%59 ROC (Joel Greenblatt) % is 2.96% as of Mar. 2026, which is 61% below its 10-year median of 7.52. GuruFocus rates BKK:QLT with a GF Score™ of 59/100 and a GF Value™ of ฿2.29 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,083 Business Services companies, Qualitech PCL ranks worse than 73.41% 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. Qualitech PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 2.96%.
The historical rank and industry rank for Qualitech PCL's ROC (Joel Greenblatt) % or its related term are showing as below:
BKK:QLT'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -65.78 Med: 7.52 Max: 24.04
Current: 4.04
During the past 13 years, Qualitech PCL's highest ROC (Joel Greenblatt) % was 24.04%. The lowest was -65.78%. And the median was 7.52%.
BKK:QLT's ROC (Joel Greenblatt) % is ranked worse than 73.41% of 1083
companies
in the Business Services industry
Industry Median: 21.22
vs BKK:QLT: 4.04
Qualitech PCL's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% 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.
Qualitech PCL ROC (Joel Greenblatt) % Related Terms
Qualitech PCL ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Qualitech 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:QLT vs CTAS, CPRT, ULS: ROC (Joel Greenblatt) % Comparison
For the Specialty Business Services subindustry, Qualitech 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.
Qualitech PCL ROC (Joel Greenblatt) % vs Business Services Industry
For the Business Services industry and Industrials sector, Qualitech PCL's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Qualitech 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 (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 2.96% mean?
Qualitech PCL (BKK:QLT) has a ROC (Joel Greenblatt) % of 2.96% 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 Qualitech PCL and its competitors. This is 61% below median its historical median of 7.52. According to the industry distribution chart, Qualitech PCL ranks #795 out of 1083 companies in the Business Services industry, placing it in the top 73.4%.
Is Qualitech PCL's ROC (Joel Greenblatt) % too high?
Qualitech PCL's current ROC (Joel Greenblatt) % of 2.96% is 61% below median its 10-year median of 7.52. The Business Services industry median ROC (Joel Greenblatt) % is 21.22. Qualitech PCL's value of 2.96% is 86.1% below this industry median. Based on the distribution chart, Qualitech PCL ranks #795 out of 1083 companies in the Business Services industry, which is below the industry midpoint. Overall, Qualitech PCL has a GF Score™ of 59/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Qualitech PCL's ROC (Joel Greenblatt) % compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Qualitech PCL ranks #795 out of 1083 companies for ROC (Joel Greenblatt) %. This places Qualitech PCL in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 21.22. Qualitech PCL's value of 2.96% is 86.1% below this benchmark. While the company's 10-year median is 7.52 vs. the industry median of 21.22, Qualitech PCL has consistently been below 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 Business Services company?
The median ROC (Joel Greenblatt) % among Business Services companies is 21.22, based on 1,083 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. Qualitech PCL's current ROC (Joel Greenblatt) % of 2.96% is 86.1% below 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 Qualitech PCL and its competitors. For the Business Services industry, the median ROC (Joel Greenblatt) % is 21.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Qualitech PCL's current ROC (Joel Greenblatt) % is 2.96%, which is 61% below median its own 10-year median of 7.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Qualitech PCL stock overvalued right now?
Based on GuruFocus' analysis, Qualitech PCL (BKK:QLT) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿2.29, compared to a current price of ฿1.86 — trading 18.8% below its estimated fair value. The current ROC (Joel Greenblatt) % is 2.96%, which is 61% below median its 10-year median of 7.52 and 86.1% below the Business Services industry median of 21.22. Qualitech PCL's overall GF Score™ is 59/100 with 3 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 Qualitech PCL (BKK:QLT), the current ROC (Joel Greenblatt) % is 2.96% 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 Qualitech PCL (BKK:QLT) Overvalued in 2026?
Based on GuruFocus' analysis, Qualitech PCL stock appears to be undervalued.
The current stock price of ฿1.86 is trading 18.8% below its estimated GF Value™ of ฿2.29.
GuruFocus considers Qualitech PCL to be Modestly Undervalued.
Key valuation signals for BKK:QLT:
ROC (Joel Greenblatt) %: 2.96% (61% below median its 10-year median of 7.52)
GF Value™: ฿2.29 vs. price of ฿1.86 (18.8% below fair value)
Industry Position: 86.1% below the Business Services median (#795 of 1083)
No single metric tells the full story. See the BKK:QLT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Qualitech PCL is engaged in the business of providing technical services, testing, inspection, and certification for the operation safety of industry equipment, pressure vessels, industrial boilers, piping and steel structures, which is important for the production process, storage, transport of the products in power generating, petrochemical industry, and construction to comply with industrial standard and the government laws. The Group's operations in both domestic and overseas geographical segments. The majority of revenue is from Domestic segment.
59GF Score
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