Ratchthani Leasing PCLBKK:THANI-R 60 ROC (Joel Greenblatt) % is 7.84% as of Mar. 2026, which is 25% below its 10-year median of 10.50. GuruFocus rates BKK:THANI-R with a GF Score™ of 60/100 and a GF Value™ of ฿2.83. The stock has 6 warning signs investors should review. Among 414 Credit Services companies, Ratchthani Leasing PCL ranks worse than 64.98% 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. Ratchthani Leasing PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 7.84%.
The historical rank and industry rank for Ratchthani Leasing PCL's ROC (Joel Greenblatt) % or its related term are showing as below:
BKK:THANI-R'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.13 Med: 10.5 Max: 15.32
Current: 5.74
During the past 13 years, Ratchthani Leasing PCL's highest ROC (Joel Greenblatt) % was 15.32%. The lowest was 4.13%. And the median was 10.50%.
BKK:THANI-R's ROC (Joel Greenblatt) % is ranked worse than 64.98% of 414
companies
in the Credit Services industry
Industry Median: 38.59
vs BKK:THANI-R: 5.74
Ratchthani Leasing PCL's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -18.90% 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.
Ratchthani Leasing PCL ROC (Joel Greenblatt) % Related Terms
Ratchthani Leasing PCL ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Ratchthani Leasing 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:THANI-R vs V, MA, AXP: ROC (Joel Greenblatt) % Comparison
For the Credit Services subindustry, Ratchthani Leasing 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.
Ratchthani Leasing PCL ROC (Joel Greenblatt) % vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Ratchthani Leasing PCL's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Ratchthani Leasing 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 7.84% mean?
Ratchthani Leasing PCL (BKK:THANI-R) has a ROC (Joel Greenblatt) % of 7.84% 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 Ratchthani Leasing PCL and its competitors. This is 25% below median its historical median of 10.50. Over the past decade, Ratchthani Leasing PCL's ROC (Joel Greenblatt) % has ranged from 4.13 to 15.32. According to the industry distribution chart, Ratchthani Leasing PCL ranks #269 out of 414 companies in the Credit Services industry, placing it in the top 65%.
Is Ratchthani Leasing PCL's ROC (Joel Greenblatt) % too high?
Ratchthani Leasing PCL's current ROC (Joel Greenblatt) % of 7.84% is 25% below median its 10-year median of 10.50. Over the past 10 years, this metric has ranged from a low of 4.13 to a high of 15.32. The Credit Services industry median ROC (Joel Greenblatt) % is 38.59. Ratchthani Leasing PCL's value of 7.84% is 79.7% below this industry median. Based on the distribution chart, Ratchthani Leasing PCL ranks #269 out of 414 companies in the Credit Services industry, which is below the industry midpoint. Overall, Ratchthani Leasing PCL has a GF Score™ of 60/100, reflecting its overall financial health beyond just this single metric.
How does Ratchthani Leasing PCL's ROC (Joel Greenblatt) % compare to V and MA?
According to the Credit Services industry distribution chart, Ratchthani Leasing PCL ranks #269 out of 414 companies for ROC (Joel Greenblatt) %. This places Ratchthani Leasing PCL in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 38.59. Ratchthani Leasing PCL's value of 7.84% is 79.7% below this benchmark. Historically, Ratchthani Leasing PCL's own ROC (Joel Greenblatt) % has ranged from 4.13 to 15.32 over the past decade. While the company's 10-year median is 10.50 vs. the industry median of 38.59, Ratchthani Leasing PCL has consistently been below 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. Ratchthani Leasing PCL's current ROC (Joel Greenblatt) % of 7.84% is 79.7% 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 Ratchthani Leasing 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. Ratchthani Leasing PCL's current ROC (Joel Greenblatt) % is 7.84%, which is 25% below median its own 10-year median of 10.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ratchthani Leasing PCL stock overvalued right now?
Ratchthani Leasing PCL (BKK:THANI-R) has a current ROC (Joel Greenblatt) % of 7.84%. The stock's GF Value™ is ฿2.83, compared to a current price of ฿2.94 — trading 3.9% above its estimated fair value. The current ROC (Joel Greenblatt) % is 7.84%, which is 25% below median its 10-year median of 10.50 and 79.7% below the Credit Services industry median of 38.59. Ratchthani Leasing PCL's overall GF Score™ is 60/100 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 Ratchthani Leasing PCL (BKK:THANI-R), the current ROC (Joel Greenblatt) % is 7.84% 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 Ratchthani Leasing PCL (BKK:THANI-R) Overvalued in 2026?
Based on GuruFocus' analysis, Ratchthani Leasing PCL stock appears to be overvalued.
The current stock price of ฿2.94 is trading 3.9% above its estimated GF Value™ of ฿2.83.
Key valuation signals for BKK:THANI-R:
ROC (Joel Greenblatt) %: 7.84% (25% below median its 10-year median of 10.50)
GF Value™: ฿2.83 vs. price of ฿2.94 (3.9% above fair value)
Industry Position: 79.7% below the Credit Services median (#269 of 414)
No single metric tells the full story. See the BKK:THANI-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ratchthani Leasing PCL is engaged in providing financial services specifically hire-purchase and leasing. It conducts business by providing hire-purchase credit services and financial leasing services for commercial cars, vehicles, and other assets, including one-stop relevant services. The company's business consists of primary activities, including inbound logistics management, operations, outbound logistics, marketing and sales, and customer services.
60GF Score
Get the complete analysis for BKK:THANI-R
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:THANI-R has been successfully added to your 
