Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Thai President Foods PCLBKK:TFMAMA 69 ROC (Joel Greenblatt) % is 43.64% as of Mar. 2026, which is 10% below its 10-year median of 48.33. GuruFocus rates BKK:TFMAMA with a GF Score™ of 69/100 and a GF Value™ of ฿186.90 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,981 Consumer Packaged Goods companies, Thai President Foods PCL ranks better than 88.84% 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. Thai President Foods PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 43.64%.
The historical rank and industry rank for Thai President Foods PCL's ROC (Joel Greenblatt) % or its related term are showing as below:
BKK:TFMAMA'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 37.99 Med: 48.33 Max: 58.58
Current: 46.29
During the past 13 years, Thai President Foods PCL's highest ROC (Joel Greenblatt) % was 58.58%. The lowest was 37.99%. And the median was 48.33%.
BKK:TFMAMA's ROC (Joel Greenblatt) % is ranked better than 88.84% of 1981
companies
in the Consumer Packaged Goods industry
Industry Median: 11.99
vs BKK:TFMAMA: 46.29
Thai President Foods PCL's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -0.10% per year.
Thai President Foods PCL (BKK:TFMAMA) 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.
Thai President Foods PCL ROC (Joel Greenblatt) % Related Terms
Thai President Foods PCL ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Thai President Foods 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.
Thai President Foods PCL ROC (Joel Greenblatt) % Chart
BKK:TFMAMA vs KHC, GIS: ROC (Joel Greenblatt) % Comparison
For the Packaged Foods subindustry, Thai President Foods 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.
Thai President Foods PCL ROC (Joel Greenblatt) % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Thai President Foods PCL's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Thai President Foods PCL's ROC (Joel Greenblatt) % falls into.
Thai President Foods 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 43.64% mean?
Thai President Foods PCL (BKK:TFMAMA) has a ROC (Joel Greenblatt) % of 43.64% 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 Thai President Foods PCL and its competitors. This is 10% below median its historical median of 48.33. Over the past decade, Thai President Foods PCL's ROC (Joel Greenblatt) % has ranged from 37.99 to 58.58. According to the industry distribution chart, Thai President Foods PCL ranks #221 out of 1981 companies in the Consumer Packaged Goods industry, placing it in the top 11.2%.
Is Thai President Foods PCL's ROC (Joel Greenblatt) % too high?
Thai President Foods PCL's current ROC (Joel Greenblatt) % of 43.64% is 10% below median its 10-year median of 48.33. Over the past 10 years, this metric has ranged from a low of 37.99 to a high of 58.58. The Consumer Packaged Goods industry median ROC (Joel Greenblatt) % is 11.99. Thai President Foods PCL's value of 43.64% is 264% above this industry median. Based on the distribution chart, Thai President Foods PCL ranks #221 out of 1981 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Thai President Foods PCL has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Thai President Foods PCL's ROC (Joel Greenblatt) % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Thai President Foods PCL ranks #221 out of 1981 companies for ROC (Joel Greenblatt) %. This places Thai President Foods PCL in the top 11% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.99. Thai President Foods PCL's value of 43.64% is 264% above this benchmark. Historically, Thai President Foods PCL's own ROC (Joel Greenblatt) % has ranged from 37.99 to 58.58 over the past decade. While the company's 10-year median is 48.33 vs. the industry median of 11.99, Thai President Foods 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 Consumer Packaged Goods company?
The median ROC (Joel Greenblatt) % among Consumer Packaged Goods companies is 11.99, based on 1,981 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. Thai President Foods PCL's current ROC (Joel Greenblatt) % of 43.64% is 264% 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 Thai President Foods PCL and its competitors. For the Consumer Packaged Goods industry, the median ROC (Joel Greenblatt) % is 11.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai President Foods PCL's current ROC (Joel Greenblatt) % is 43.64%, which is 10% below median its own 10-year median of 48.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai President Foods PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai President Foods PCL (BKK:TFMAMA) is currently considered Fairly Valued. The stock's GF Value™ is ฿186.90, compared to a current price of ฿186.50 — trading 0.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is 43.64%, which is 10% below median its 10-year median of 48.33 and 264% above the Consumer Packaged Goods industry median of 11.99. Thai President Foods PCL's overall GF Score™ is 69/100 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 Thai President Foods PCL (BKK:TFMAMA), the current ROC (Joel Greenblatt) % is 43.64% 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 Thai President Foods PCL (BKK:TFMAMA) Overvalued in 2026?
Based on GuruFocus' analysis, Thai President Foods PCL stock appears to be undervalued.
The current stock price of ฿186.50 is trading 0.2% below its estimated GF Value™ of ฿186.90.
GuruFocus considers Thai President Foods PCL to be Fairly Valued.
Key valuation signals for BKK:TFMAMA:
ROC (Joel Greenblatt) %: 43.64% (10% below median its 10-year median of 48.33)
GF Value™: ฿186.90 vs. price of ฿186.50 (0.2% below fair value)
Industry Position: 264% above the Consumer Packaged Goods median (#221 of 1981)
No single metric tells the full story. See the BKK:TFMAMA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai President Foods PCL is a Thailand-based manufacturer and distributor of instant noodles, semi-instant foods, and biscuit products. Some of its brands include Mama, Ruski, Bissin, Thai Chef, and Bamee. It operates in six segments: Instant noodles and semi-instant foods, Biscuits, Bakery, Packaging, Fruit Juice, and Others, of which a majority of the revenue is derived from the Instant noodles segment. Geographically, the company generates the majority of its revenue from the domestic market.
69GF Score
Get the complete analysis for BKK:TFMAMA
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BKK:TFMAMA has been successfully added to your 
