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Star Money PCLBKK:STARM +2.08%67 ROC (Joel Greenblatt) % is 60.98% as of Mar. 2026, which is 22% above its 10-year median of 49.89. GuruFocus rates BKK:STARM with a GF Score™ of 67/100 and a GF Value™ of ฿1.01 (Fairly Valued). The stock has 4 warning signs investors should review. Among 414 Credit Services companies, Star Money PCL ranks better than 53.86% 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. Star Money PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 60.98%.
The historical rank and industry rank for Star Money PCL's ROC (Joel Greenblatt) % or its related term are showing as below:
BKK:STARM'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 34.46 Med: 49.89 Max: 89.14
Current: 51.17
During the past 6 years, Star Money PCL's highest ROC (Joel Greenblatt) % was 89.14%. The lowest was 34.46%. And the median was 49.89%.
BKK:STARM's ROC (Joel Greenblatt) % is ranked better than 53.86% of 414
companies
in the Credit Services industry
Industry Median: 38.59
vs BKK:STARM: 51.17
Star Money PCL's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -4.10% per year.
Star Money PCL (BKK:STARM) 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.
Star Money PCL ROC (Joel Greenblatt) % Related Terms
Star Money PCL ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Star Money 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:STARM vs V, MA, AXP: ROC (Joel Greenblatt) % Comparison
For the Credit Services subindustry, Star Money 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.
Star Money PCL ROC (Joel Greenblatt) % vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Star Money PCL's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Star Money PCL's ROC (Joel Greenblatt) % falls into.
Star Money 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 60.98% mean?
Star Money PCL (BKK:STARM) has a ROC (Joel Greenblatt) % of 60.98% 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 Star Money PCL and its competitors. This is 22% above median its historical median of 49.89. Over the past decade, Star Money PCL's ROC (Joel Greenblatt) % has ranged from 34.46 to 89.14. According to the industry distribution chart, Star Money PCL ranks #191 out of 414 companies in the Credit Services industry, placing it in the top 46.1%.
Is Star Money PCL's ROC (Joel Greenblatt) % too high?
Star Money PCL's current ROC (Joel Greenblatt) % of 60.98% is 22% above median its 10-year median of 49.89. Over the past 10 years, this metric has ranged from a low of 34.46 to a high of 89.14. The Credit Services industry median ROC (Joel Greenblatt) % is 38.59. Star Money PCL's value of 60.98% is 58% above this industry median. Based on the distribution chart, Star Money PCL ranks #191 out of 414 companies in the Credit Services industry, which is above the industry midpoint. Overall, Star Money PCL has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Star Money PCL's ROC (Joel Greenblatt) % compare to V and MA?
According to the Credit Services industry distribution chart, Star Money PCL ranks #191 out of 414 companies for ROC (Joel Greenblatt) %. This puts Star Money PCL in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 38.59. Star Money PCL's value of 60.98% is 58% above this benchmark. Historically, Star Money PCL's own ROC (Joel Greenblatt) % has ranged from 34.46 to 89.14 over the past decade. While the company's 10-year median is 49.89 vs. the industry median of 38.59, Star Money 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 Credit Services company?
The median ROC (Joel Greenblatt) % among Credit Services companies is 38.59, based on 414 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. Star Money PCL's current ROC (Joel Greenblatt) % of 60.98% is 58% 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 Star Money PCL and its competitors. For the Credit Services industry, the median ROC (Joel Greenblatt) % is 38.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Star Money PCL's current ROC (Joel Greenblatt) % is 60.98%, which is 22% above median its own 10-year median of 49.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Star Money PCL stock overvalued right now?
Based on GuruFocus' analysis, Star Money PCL (BKK:STARM) is currently considered Fairly Valued. The stock's GF Value™ is ฿1.01, compared to a current price of ฿0.98 — trading 3% below its estimated fair value. The current ROC (Joel Greenblatt) % is 60.98%, which is 22% above median its 10-year median of 49.89 and 58% above the Credit Services industry median of 38.59. Star Money PCL's overall GF Score™ is 67/100 with 4 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 Star Money PCL (BKK:STARM), the current ROC (Joel Greenblatt) % is 60.98% 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 Star Money PCL (BKK:STARM) Overvalued in 2026?
Based on GuruFocus' analysis, Star Money PCL stock appears to be undervalued.
The current stock price of ฿0.98 is trading 3% below its estimated GF Value™ of ฿1.01.
GuruFocus considers Star Money PCL to be Fairly Valued.
Key valuation signals for BKK:STARM:
ROC (Joel Greenblatt) %: 60.98% (22% above median its 10-year median of 49.89)
GF Value™: ฿1.01 vs. price of ฿0.98 (3% below fair value)
Industry Position: 58% above the Credit Services median (#191 of 414)
No single metric tells the full story. See the BKK:STARM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Star Money PCL is an electrical appliance distributor and a credit provider. It provides services of Electrical appliances, Credit, and Insurance. The group has four reportable segments as follows: Sales, Hire purchase, Lending business, and Others. The majority of its revenue is derived from the Sales segment.
67GF Score
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