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Techlead Next PCLBKK:TL +2.56%36 ROC (Joel Greenblatt) % is 137.77% as of Mar. 2026, which is 1816% above its 10-year median of 7.19. GuruFocus rates BKK:TL with a GF Score™ of 36/100. The stock has 2 warning signs investors should review. Among 2,810 Software companies, Techlead Next PCL ranks better than 70.71% 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. Techlead Next PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 137.77%.
The historical rank and industry rank for Techlead Next PCL's ROC (Joel Greenblatt) % or its related term are showing as below:
BKK:TL'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -815.58 Med: 7.19 Max: 192.83
Current: 89.49
During the past 13 years, Techlead Next PCL's highest ROC (Joel Greenblatt) % was 192.83%. The lowest was -815.58%. And the median was 7.19%.
BKK:TL's ROC (Joel Greenblatt) % is ranked better than 70.71% of 2810
companies
in the Software industry
Industry Median: 19.94
vs BKK:TL: 89.49
Techlead Next PCL's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Techlead Next PCL (BKK:TL) 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.
Techlead Next PCL ROC (Joel Greenblatt) % Related Terms
Techlead Next PCL ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Techlead Next 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:TL vs MSFT, ORCL, PLTR: ROC (Joel Greenblatt) % Comparison
For the Software - Infrastructure subindustry, Techlead Next 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.
Techlead Next PCL ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Techlead Next PCL's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Techlead Next PCL's ROC (Joel Greenblatt) % falls into.
Techlead Next 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 137.77% mean?
Techlead Next PCL (BKK:TL) has a ROC (Joel Greenblatt) % of 137.77% 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 Techlead Next PCL and its competitors. This is 1816% above median its historical median of 7.19. According to the industry distribution chart, Techlead Next PCL ranks #823 out of 2810 companies in the Software industry, placing it in the top 29.3%.
Is Techlead Next PCL's ROC (Joel Greenblatt) % too high?
Techlead Next PCL's current ROC (Joel Greenblatt) % of 137.77% is 1816% above median its 10-year median of 7.19. The Software industry median ROC (Joel Greenblatt) % is 19.94. Techlead Next PCL's value of 137.77% is 590.9% above this industry median. Based on the distribution chart, Techlead Next PCL ranks #823 out of 2810 companies in the Software industry, which is above the industry midpoint. Overall, Techlead Next PCL has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Techlead Next PCL's ROC (Joel Greenblatt) % compare to MSFT and ORCL?
According to the Software industry distribution chart, Techlead Next PCL ranks #823 out of 2810 companies for ROC (Joel Greenblatt) %. This puts Techlead Next PCL in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 19.94. Techlead Next PCL's value of 137.77% is 590.9% above this benchmark. While the company's 10-year median is 7.19 vs. the industry median of 19.94, Techlead Next 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 Software company?
The median ROC (Joel Greenblatt) % among Software companies is 19.94, based on 2,810 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. Techlead Next PCL's current ROC (Joel Greenblatt) % of 137.77% is 590.9% 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 Techlead Next PCL and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 19.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Techlead Next PCL's current ROC (Joel Greenblatt) % is 137.77%, which is 1816% above median its own 10-year median of 7.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Techlead Next PCL stock overvalued right now?
Techlead Next PCL (BKK:TL) has a current ROC (Joel Greenblatt) % of 137.77%. The current ROC (Joel Greenblatt) % is 137.77%, which is 1816% above median its 10-year median of 7.19 and 590.9% above the Software industry median of 19.94. Techlead Next PCL's overall GF Score™ is 36/100 with 2 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 Techlead Next PCL (BKK:TL), the current ROC (Joel Greenblatt) % is 137.77% 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.
Techlead Next PCL operates as a provider of diverse technology solutions, offering a range of services including secure online payment systems (Payment Gateway) that connect buyers and sellers. It also offers digital media communication services for brand engagement and develops customized campaigns and software solutions tailored to different industry requirements.
36GF Score
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