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SAAM Development PCLBKK:SAAM 80 ROC (Joel Greenblatt) % is 31.27% as of Mar. 2026, which is 77% above its 10-year median of 17.64. GuruFocus rates BKK:SAAM with a GF Score™ of 80/100 and a GF Value™ of ฿5.36 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 436 Utilities - Independent Power Producers companies, SAAM Development PCL ranks worse than 79.36% 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. SAAM Development PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 31.27%.
The historical rank and industry rank for SAAM Development PCL's ROC (Joel Greenblatt) % or its related term are showing as below:
BKK:SAAM'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -3.9 Med: 17.64 Max: 47.29
Current: -3.14
During the past 12 years, SAAM Development PCL's highest ROC (Joel Greenblatt) % was 47.29%. The lowest was -3.90%. And the median was 17.64%.
BKK:SAAM's ROC (Joel Greenblatt) % is ranked worse than 79.36% of 436
companies
in the Utilities - Independent Power Producers industry
Industry Median: 6.525
vs BKK:SAAM: -3.14
SAAM Development PCL's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
SAAM Development PCL (BKK:SAAM) 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.
SAAM Development PCL ROC (Joel Greenblatt) % Related Terms
SAAM Development PCL ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for SAAM Development 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.
SAAM Development PCL ROC (Joel Greenblatt) % Chart
SAAM Development PCL ROC (Joel Greenblatt) % Competitor Comparison
For the Utilities - Renewable subindustry, SAAM Development 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.
SAAM Development PCL ROC (Joel Greenblatt) % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, SAAM Development PCL's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where SAAM Development PCL's ROC (Joel Greenblatt) % falls into.
SAAM Development 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 31.27% mean?
SAAM Development PCL (BKK:SAAM) has a ROC (Joel Greenblatt) % of 31.27% 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 SAAM Development PCL and its competitors. This is 77% above median its historical median of 17.64. According to the industry distribution chart, SAAM Development PCL ranks #346 out of 436 companies in the Utilities - Independent Power Producers industry, placing it in the top 79.4%.
Is SAAM Development PCL's ROC (Joel Greenblatt) % too high?
SAAM Development PCL's current ROC (Joel Greenblatt) % of 31.27% is 77% above median its 10-year median of 17.64. The Utilities - Independent Power Producers industry median ROC (Joel Greenblatt) % is 6.53. SAAM Development PCL's value of 31.27% is 379.2% above this industry median. Based on the distribution chart, SAAM Development PCL ranks #346 out of 436 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, SAAM Development PCL has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SAAM Development PCL's ROC (Joel Greenblatt) % compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, SAAM Development PCL ranks #346 out of 436 companies for ROC (Joel Greenblatt) %. This places SAAM Development PCL in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 6.53. SAAM Development PCL's value of 31.27% is 379.2% above this benchmark. While the company's 10-year median is 17.64 vs. the industry median of 6.53, SAAM Development 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 an Utilities - Independent Power Producers company?
The median ROC (Joel Greenblatt) % among Utilities - Independent Power Producers companies is 6.53, based on 436 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. SAAM Development PCL's current ROC (Joel Greenblatt) % of 31.27% is 379.2% 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 SAAM Development PCL and its competitors. For the Utilities - Independent Power Producers industry, the median ROC (Joel Greenblatt) % is 6.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SAAM Development PCL's current ROC (Joel Greenblatt) % is 31.27%, which is 77% above median its own 10-year median of 17.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SAAM Development PCL stock overvalued right now?
Based on GuruFocus' analysis, SAAM Development PCL (BKK:SAAM) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿5.36, compared to a current price of ฿4.68 — trading 12.7% below its estimated fair value. The current ROC (Joel Greenblatt) % is 31.27%, which is 77% above median its 10-year median of 17.64 and 379.2% above the Utilities - Independent Power Producers industry median of 6.53. SAAM Development PCL's overall GF Score™ is 80/100 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 SAAM Development PCL (BKK:SAAM), the current ROC (Joel Greenblatt) % is 31.27% 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 SAAM Development PCL (BKK:SAAM) Overvalued in 2026?
Based on GuruFocus' analysis, SAAM Development PCL stock appears to be undervalued.
The current stock price of ฿4.68 is trading 12.7% below its estimated GF Value™ of ฿5.36.
GuruFocus considers SAAM Development PCL to be Modestly Undervalued.
Key valuation signals for BKK:SAAM:
ROC (Joel Greenblatt) %: 31.27% (77% above median its 10-year median of 17.64)
GF Value™: ฿5.36 vs. price of ฿4.68 (12.7% below fair value)
Industry Position: 379.2% above the Utilities - Independent Power Producers median (#346 of 436)
No single metric tells the full story. See the BKK:SAAM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SAAM Development PCL is a company engaged in producing and distributing electricity from solar energy, developing renewable energy power plant projects for sale including procuring project land and providing related services and investing in renewable energy power plants and non-energy businesses. The company's operating segments include Development service and Distribution of electricity. Development service includes the Development of renewable energy projects for the customer. Distribution of electricity includes Development and management for own solar energy project and provide Iiquidity service for digital assets exchange and investment in digital assets. It generates maximum revenue from the Development service segment. Geographically, it derives revenue from Thailand.
80GF Score
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