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Tong Hua Holdings PCLBKK:TH +2.04%62 ROC (Joel Greenblatt) % is 589.26% as of Mar. 2026, which is 32% above its 10-year median of 445.35. GuruFocus rates BKK:TH with a GF Score™ of 62/100 and a GF Value™ of ฿0.63 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 318 Diversified Financial Services companies, Tong Hua Holdings PCL ranks better than 78.93% 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. Tong Hua Holdings PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 589.26%.
The historical rank and industry rank for Tong Hua Holdings PCL's ROC (Joel Greenblatt) % or its related term are showing as below:
BKK:TH'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.64 Med: 445.35 Max: 1314.02
Current: 183.54
During the past 13 years, Tong Hua Holdings PCL's highest ROC (Joel Greenblatt) % was 1314.02%. The lowest was 4.64%. And the median was 445.35%.
BKK:TH's ROC (Joel Greenblatt) % is ranked better than 78.93% of 318
companies
in the Diversified Financial Services industry
Industry Median: -287.535
vs BKK:TH: 183.54
Tong Hua Holdings PCL's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -4.20% 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.
Tong Hua Holdings PCL ROC (Joel Greenblatt) % Related Terms
Tong Hua Holdings PCL ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Tong Hua Holdings 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:TH vs VOYA, FRHC: ROC (Joel Greenblatt) % Comparison
For the Financial Conglomerates subindustry, Tong Hua Holdings 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.
Tong Hua Holdings PCL ROC (Joel Greenblatt) % vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Tong Hua Holdings PCL's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Tong Hua Holdings 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 589.26% mean?
Tong Hua Holdings PCL (BKK:TH) has a ROC (Joel Greenblatt) % of 589.26% 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 Tong Hua Holdings PCL and its competitors. This is 32% above median its historical median of 445.35. Over the past decade, Tong Hua Holdings PCL's ROC (Joel Greenblatt) % has ranged from 4.64 to 1,314.02. According to the industry distribution chart, Tong Hua Holdings PCL ranks #67 out of 318 companies in the Diversified Financial Services industry, placing it in the top 21.1%.
Is Tong Hua Holdings PCL's ROC (Joel Greenblatt) % too high?
Tong Hua Holdings PCL's current ROC (Joel Greenblatt) % of 589.26% is 32% above median its 10-year median of 445.35. Over the past 10 years, this metric has ranged from a low of 4.64 to a high of 1,314.02. Based on the distribution chart, Tong Hua Holdings PCL ranks #67 out of 318 companies in the Diversified Financial Services industry, which is in the top quartile — a strong position relative to peers. Overall, Tong Hua Holdings PCL has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tong Hua Holdings PCL's ROC (Joel Greenblatt) % compare to VOYA and FRHC?
According to the Diversified Financial Services industry distribution chart, Tong Hua Holdings PCL ranks #67 out of 318 companies for ROC (Joel Greenblatt) %. This places Tong Hua Holdings PCL in the top 21% of its industry — outperforming the majority of peers. Historically, Tong Hua Holdings PCL's own ROC (Joel Greenblatt) % has ranged from 4.64 to 1,314.02 over the past decade. 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 Diversified Financial Services company?
A good ROC (Joel Greenblatt) % depends on the Diversified Financial Services industry context. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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 Tong Hua Holdings PCL and its competitors. Tong Hua Holdings PCL's current ROC (Joel Greenblatt) % is 589.26%, which is 32% above median its own 10-year median of 445.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tong Hua Holdings PCL stock overvalued right now?
Based on GuruFocus' analysis, Tong Hua Holdings PCL (BKK:TH) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿0.63, compared to a current price of ฿0.50 — trading 20.6% below its estimated fair value. The current ROC (Joel Greenblatt) % is 589.26%, which is 32% above median its 10-year median of 445.35. Tong Hua Holdings PCL's overall GF Score™ is 62/100 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 Tong Hua Holdings PCL (BKK:TH), the current ROC (Joel Greenblatt) % is 589.26% 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 Tong Hua Holdings PCL (BKK:TH) Overvalued in 2026?
Based on GuruFocus' analysis, Tong Hua Holdings PCL stock appears to be undervalued.
The current stock price of ฿0.50 is trading 20.6% below its estimated GF Value™ of ฿0.63.
GuruFocus considers Tong Hua Holdings PCL to be Modestly Undervalued.
Key valuation signals for BKK:TH:
ROC (Joel Greenblatt) %: 589.26% (32% above median its 10-year median of 445.35)
GF Value™: ฿0.63 vs. price of ฿0.50 (20.6% below fair value)
No single metric tells the full story. See the BKK:TH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tong Hua Holdings PCL operates as an investment company. The company's business segments are divided into five segments: i) Producing and distributing newspaper, publishing and providing printing services, ii) Space rental for trading and service business, iii) Investment business, iv) Providing short - term funds in the form of factoring, loans, and v) Asset Management Business. Geographically, it operates mainly in Thailand.
62GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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