Techno Medical PCLBKK:TM-R 74 ROC (Joel Greenblatt) % is 7.48% as of Mar. 2026, which is 28% below its 10-year median of 10.42. GuruFocus rates BKK:TM-R with a GF Score™ of 74/100 and a GF Value™ of ฿3.03. The stock has 6 warning signs investors should review. Among 120 Medical Distribution companies, Techno Medical PCL ranks worse than 67.5% 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. Techno Medical PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 7.48%.
The historical rank and industry rank for Techno Medical PCL's ROC (Joel Greenblatt) % or its related term are showing as below:
BKK:TM-R'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.89 Med: 10.42 Max: 20.63
Current: 7
During the past 11 years, Techno Medical PCL's highest ROC (Joel Greenblatt) % was 20.63%. The lowest was -0.89%. And the median was 10.42%.
BKK:TM-R's ROC (Joel Greenblatt) % is ranked worse than 67.5% of 120
companies
in the Medical Distribution industry
Industry Median: 15.355
vs BKK:TM-R: 7.00
Techno Medical PCL's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Techno Medical PCL (BKK:TM-R) 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.
Techno Medical PCL ROC (Joel Greenblatt) % Related Terms
Techno Medical PCL ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Techno Medical 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:TM-R vs MCK, COR, CAH: ROC (Joel Greenblatt) % Comparison
For the Medical Distribution subindustry, Techno Medical 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.
Techno Medical PCL ROC (Joel Greenblatt) % vs Medical Distribution Industry
For the Medical Distribution industry and Healthcare sector, Techno Medical PCL's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Techno Medical PCL's ROC (Joel Greenblatt) % falls into.
Techno Medical 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 7.48% mean?
Techno Medical PCL (BKK:TM-R) has a ROC (Joel Greenblatt) % of 7.48% 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 Techno Medical PCL and its competitors. This is 28% below median its historical median of 10.42. According to the industry distribution chart, Techno Medical PCL ranks #81 out of 120 companies in the Medical Distribution industry, placing it in the top 67.5%.
Is Techno Medical PCL's ROC (Joel Greenblatt) % too high?
Techno Medical PCL's current ROC (Joel Greenblatt) % of 7.48% is 28% below median its 10-year median of 10.42. The Medical Distribution industry median ROC (Joel Greenblatt) % is 15.36. Techno Medical PCL's value of 7.48% is 51.3% below this industry median. Based on the distribution chart, Techno Medical PCL ranks #81 out of 120 companies in the Medical Distribution industry, which is below the industry midpoint. Overall, Techno Medical PCL has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Techno Medical PCL's ROC (Joel Greenblatt) % compare to MCK and COR?
According to the Medical Distribution industry distribution chart, Techno Medical PCL ranks #81 out of 120 companies for ROC (Joel Greenblatt) %. This places Techno Medical PCL in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 15.36. Techno Medical PCL's value of 7.48% is 51.3% below this benchmark. While the company's 10-year median is 10.42 vs. the industry median of 15.36, Techno Medical 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 Medical Distribution company?
The median ROC (Joel Greenblatt) % among Medical Distribution companies is 15.36, based on 120 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. Techno Medical PCL's current ROC (Joel Greenblatt) % of 7.48% is 51.3% 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 Techno Medical PCL and its competitors. For the Medical Distribution industry, the median ROC (Joel Greenblatt) % is 15.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Techno Medical PCL's current ROC (Joel Greenblatt) % is 7.48%, which is 28% below median its own 10-year median of 10.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Techno Medical PCL stock overvalued right now?
Techno Medical PCL (BKK:TM-R) has a current ROC (Joel Greenblatt) % of 7.48%. The stock's GF Value™ is ฿3.03, compared to a current price of ฿2.32 — trading 23.4% below its estimated fair value. The current ROC (Joel Greenblatt) % is 7.48%, which is 28% below median its 10-year median of 10.42 and 51.3% below the Medical Distribution industry median of 15.36. Techno Medical PCL's overall GF Score™ is 74/100 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 Techno Medical PCL (BKK:TM-R), the current ROC (Joel Greenblatt) % is 7.48% 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 Techno Medical PCL (BKK:TM-R) Overvalued in 2026?
Based on GuruFocus' analysis, Techno Medical PCL stock appears to be undervalued.
The current stock price of ฿2.32 is trading 23.4% below its estimated GF Value™ of ฿3.03.
Key valuation signals for BKK:TM-R:
ROC (Joel Greenblatt) %: 7.48% (28% below median its 10-year median of 10.42)
GF Value™: ฿3.03 vs. price of ฿2.32 (23.4% below fair value)
Industry Position: 51.3% below the Medical Distribution median (#81 of 120)
No single metric tells the full story. See the BKK:TM-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Techno Medical PCL is a Thailand-based company engaged in the trading business of medical supplies, tools, and equipment. The business activity of the group is import and distribution of operating instruments and disposable supplies, central sterile supply department products, instrument and supply used in laboratory and blood bank, and equipment and tools for heart surgery. Its segments consist of Disposable Equipment and Supplies, Sales of Medical Equipment and Instruments and Services related to Nursing Care. Maximum of revenue is Sales of Disposable Equipment and Supplies.
74GF Score
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