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. Samchai Steel Industries PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 was 0.04%.
The historical rank and industry rank for Samchai Steel Industries PCL's ROC (Joel Greenblatt) % or its related term are showing as below:
BKK:SAM-R'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -5.8 Med: -1.14 Max: 7.05
Current: 2.38
During the past 13 years, Samchai Steel Industries PCL's highest ROC (Joel Greenblatt) % was 7.05%. The lowest was -5.80%. And the median was -1.14%.
BKK:SAM-R's ROC (Joel Greenblatt) % is ranked worse than 67.82% of 637
companies
in the Steel industry
Industry Median: 6.97
vs BKK:SAM-R: 2.38
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.
BKK:SAM-R vs NUE, STLD, RS: ROC (Joel Greenblatt) % Comparison
For the Steel subindustry, Samchai Steel Industries 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.
Samchai Steel Industries PCL ROC (Joel Greenblatt) % vs Steel Industry
For the Steel industry and Basic Materials sector, Samchai Steel Industries PCL's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Samchai Steel Industries 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 (Sep. 2025) 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 0.04% mean?
Samchai Steel Industries PCL (BKK:SAM-R) has a ROC (Joel Greenblatt) % of 0.04% as of Sep. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Samchai Steel Industries PCL and its competitors. According to the industry distribution chart, Samchai Steel Industries PCL ranks #432 out of 637 companies in the Steel industry, placing it in the top 67.8%.
Is Samchai Steel Industries PCL's ROC (Joel Greenblatt) % too high?
Samchai Steel Industries PCL's current ROC (Joel Greenblatt) % is 0.04%. The Steel industry median ROC (Joel Greenblatt) % is 6.97. Samchai Steel Industries PCL's value of 0.04% is 99.4% below this industry median. Based on the distribution chart, Samchai Steel Industries PCL ranks #432 out of 637 companies in the Steel industry, which is below the industry midpoint. Overall, Samchai Steel Industries PCL has a GF Score™ of 41/100, reflecting its overall financial health beyond just this single metric.
How does Samchai Steel Industries PCL's ROC (Joel Greenblatt) % compare to NUE and STLD?
According to the Steel industry distribution chart, Samchai Steel Industries PCL ranks #432 out of 637 companies for ROC (Joel Greenblatt) %. This places Samchai Steel Industries PCL in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 6.97. Samchai Steel Industries PCL's value of 0.04% is 99.4% below this benchmark. 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 Steel company?
The median ROC (Joel Greenblatt) % among Steel companies is 6.97, based on 637 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. Samchai Steel Industries PCL's current ROC (Joel Greenblatt) % of 0.04% is 99.4% 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 Samchai Steel Industries PCL and its competitors. For the Steel industry, the median ROC (Joel Greenblatt) % is 6.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Samchai Steel Industries PCL's current ROC (Joel Greenblatt) % is 0.04%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Samchai Steel Industries PCL stock overvalued right now?
Samchai Steel Industries PCL (BKK:SAM-R) has a current ROC (Joel Greenblatt) % of 0.04%. The stock's GF Value™ is ฿0.63, compared to a current price of ฿0.17 — trading 73.8% below its estimated fair value. The current ROC (Joel Greenblatt) % is 0.04% and 99.4% below the Steel industry median of 6.97. Samchai Steel Industries PCL's overall GF Score™ is 41/100 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 Samchai Steel Industries PCL (BKK:SAM-R), the current ROC (Joel Greenblatt) % is 0.04% as of Sep. 2025. 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 Samchai Steel Industries PCL (BKK:SAM-R) Overvalued in 2026?
Based on GuruFocus' analysis, Samchai Steel Industries PCL stock appears to be undervalued.
The current stock price of ฿0.17 is trading 73.8% below its estimated GF Value™ of ฿0.63.
Key valuation signals for BKK:SAM-R:
ROC (Joel Greenblatt) %: 0.04%
GF Value™: ฿0.63 vs. price of ฿0.17 (73.8% below fair value)
Industry Position: 99.4% below the Steel median (#432 of 637)
No single metric tells the full story. See the BKK:SAM-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Samchai Steel Industries PCL is a Thailand-based manufacturer of steel pipes and tubes. The company's products include black steel pipes, galvanized steel pipes, structural steel pipes, furniture pipes, and hot-rolled steel plates and sheets. Its products are mainly used in the construction and furniture industries. Geographically, it operates in both domestic and overseas markets. The company generates a majority of its revenue from the domestic market.
41GF Score
Get the complete analysis for BKK:SAM-R
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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