Tipco Asphalt PCLBKK:TASCO-R 80 ROC (Joel Greenblatt) % is 18.02% as of Mar. 2026, which is 12% below its 10-year median of 20.58. GuruFocus rates BKK:TASCO-R with a GF Score™ of 80/100 and a GF Value™ of ฿13.42. The stock has 6 warning signs investors should review. Among 407 Building Materials companies, Tipco Asphalt PCL ranks better than 55.28% 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. Tipco Asphalt PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 18.02%.
The historical rank and industry rank for Tipco Asphalt PCL's ROC (Joel Greenblatt) % or its related term are showing as below:
BKK:TASCO-R'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 6.54 Med: 20.58 Max: 33.21
Current: 10.51
During the past 13 years, Tipco Asphalt PCL's highest ROC (Joel Greenblatt) % was 33.21%. The lowest was 6.54%. And the median was 20.58%.
BKK:TASCO-R's ROC (Joel Greenblatt) % is ranked better than 55.28% of 407
companies
in the Building Materials industry
Industry Median: 8.57
vs BKK:TASCO-R: 10.51
Tipco Asphalt PCL's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -18.00% 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.
Tipco Asphalt PCL ROC (Joel Greenblatt) % Related Terms
Tipco Asphalt PCL ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Tipco Asphalt 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:TASCO-R vs CRH, VMC, MLM: ROC (Joel Greenblatt) % Comparison
For the Building Materials subindustry, Tipco Asphalt 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.
Tipco Asphalt PCL ROC (Joel Greenblatt) % vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Tipco Asphalt PCL's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Tipco Asphalt 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 18.02% mean?
Tipco Asphalt PCL (BKK:TASCO-R) has a ROC (Joel Greenblatt) % of 18.02% 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 Tipco Asphalt PCL and its competitors. This is 12% below median its historical median of 20.58. Over the past decade, Tipco Asphalt PCL's ROC (Joel Greenblatt) % has ranged from 6.54 to 33.21. According to the industry distribution chart, Tipco Asphalt PCL ranks #182 out of 407 companies in the Building Materials industry, placing it in the top 44.7%.
Is Tipco Asphalt PCL's ROC (Joel Greenblatt) % too high?
Tipco Asphalt PCL's current ROC (Joel Greenblatt) % of 18.02% is 12% below median its 10-year median of 20.58. Over the past 10 years, this metric has ranged from a low of 6.54 to a high of 33.21. The Building Materials industry median ROC (Joel Greenblatt) % is 8.57. Tipco Asphalt PCL's value of 18.02% is 110.3% above this industry median. Based on the distribution chart, Tipco Asphalt PCL ranks #182 out of 407 companies in the Building Materials industry, which is above the industry midpoint. Overall, Tipco Asphalt PCL has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Tipco Asphalt PCL's ROC (Joel Greenblatt) % compare to CRH and VMC?
According to the Building Materials industry distribution chart, Tipco Asphalt PCL ranks #182 out of 407 companies for ROC (Joel Greenblatt) %. This puts Tipco Asphalt PCL in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 8.57. Tipco Asphalt PCL's value of 18.02% is 110.3% above this benchmark. Historically, Tipco Asphalt PCL's own ROC (Joel Greenblatt) % has ranged from 6.54 to 33.21 over the past decade. While the company's 10-year median is 20.58 vs. the industry median of 8.57, Tipco Asphalt 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 Building Materials company?
The median ROC (Joel Greenblatt) % among Building Materials companies is 8.57, based on 407 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. Tipco Asphalt PCL's current ROC (Joel Greenblatt) % of 18.02% is 110.3% 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 Tipco Asphalt PCL and its competitors. For the Building Materials industry, the median ROC (Joel Greenblatt) % is 8.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tipco Asphalt PCL's current ROC (Joel Greenblatt) % is 18.02%, which is 12% below median its own 10-year median of 20.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tipco Asphalt PCL stock overvalued right now?
Tipco Asphalt PCL (BKK:TASCO-R) has a current ROC (Joel Greenblatt) % of 18.02%. The stock's GF Value™ is ฿13.42, compared to a current price of ฿13.09 — trading 2.5% below its estimated fair value. The current ROC (Joel Greenblatt) % is 18.02%, which is 12% below median its 10-year median of 20.58 and 110.3% above the Building Materials industry median of 8.57. Tipco Asphalt PCL's overall GF Score™ is 80/100 with 6 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 Tipco Asphalt PCL (BKK:TASCO-R), the current ROC (Joel Greenblatt) % is 18.02% 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 Tipco Asphalt PCL (BKK:TASCO-R) Overvalued in 2026?
Based on GuruFocus' analysis, Tipco Asphalt PCL stock appears to be undervalued.
The current stock price of ฿13.09 is trading 2.5% below its estimated GF Value™ of ฿13.42.
Key valuation signals for BKK:TASCO-R:
ROC (Joel Greenblatt) %: 18.02% (12% below median its 10-year median of 20.58)
GF Value™: ฿13.42 vs. price of ฿13.09 (2.5% below fair value)
Industry Position: 110.3% above the Building Materials median (#182 of 407)
No single metric tells the full story. See the BKK:TASCO-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tipco Asphalt PCL is engaged in the production and sale of asphalt and petroleum-related products, as well as the provision of construction materials and related services. The company operates through two reportable segments: the Construction segment and the Manufacturing and Trading segment. The Construction segment conducts construction services related to highway construction and road rehabilitation in Thailand. The Manufacturing and Trading segment is involved in the manufacturing and trading of asphalt, petroleum oil products, and asphalt concrete in both domestic and overseas markets, supported by marine logistics operations. It generates the majority of its revenue from the Manufacturing and Trading segment.
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