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TQM Alpha PCLBKK:TQM +1.81%91 ROC (Joel Greenblatt) % is 238.54% as of Jun. 2026, which is 9% above its 10-year median of 219.46. GuruFocus rates BKK:TQM with a GF Score™ of 91/100 and a GF Value™ of ฿17.04 (Fairly Valued). The stock has 11 warning signs investors should review. Among 64 Insurance companies, TQM Alpha PCL ranks better than 67.19% 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. TQM Alpha PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 238.54%.
The historical rank and industry rank for TQM Alpha PCL's ROC (Joel Greenblatt) % or its related term are showing as below:
BKK:TQM'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 174.53 Med: 219.46 Max: 712.38
Current: 233.88
During the past 12 years, TQM Alpha PCL's highest ROC (Joel Greenblatt) % was 712.38%. The lowest was 174.53%. And the median was 219.46%.
BKK:TQM's ROC (Joel Greenblatt) % is ranked better than 67.19% of 64
companies
in the Insurance industry
Industry Median: 69.845
vs BKK:TQM: 233.88
TQM Alpha PCL's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.50% 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.
TQM Alpha PCL ROC (Joel Greenblatt) % Related Terms
TQM Alpha PCL ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for TQM Alpha 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:TQM vs MRSH, AON, AJG: ROC (Joel Greenblatt) % Comparison
For the Insurance Brokers subindustry, TQM Alpha 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.
TQM Alpha PCL ROC (Joel Greenblatt) % vs Insurance Industry
For the Insurance industry and Financial Services sector, TQM Alpha PCL's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where TQM Alpha 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 (Jun. 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 238.54% mean?
TQM Alpha PCL (BKK:TQM) has a ROC (Joel Greenblatt) % of 238.54% as of Jun. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on TQM Alpha PCL and its competitors. This is near median its historical median of 219.46. Over the past decade, TQM Alpha PCL's ROC (Joel Greenblatt) % has ranged from 174.53 to 712.38. According to the industry distribution chart, TQM Alpha PCL ranks #21 out of 64 companies in the Insurance industry, placing it in the top 32.8%.
Is TQM Alpha PCL's ROC (Joel Greenblatt) % too high?
TQM Alpha PCL's current ROC (Joel Greenblatt) % of 238.54% is near median its 10-year median of 219.46. Over the past 10 years, this metric has ranged from a low of 174.53 to a high of 712.38. The Insurance industry median ROC (Joel Greenblatt) % is 69.85. TQM Alpha PCL's value of 238.54% is 241.5% above this industry median. Based on the distribution chart, TQM Alpha PCL ranks #21 out of 64 companies in the Insurance industry, which is above the industry midpoint. Overall, TQM Alpha PCL has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TQM Alpha PCL's ROC (Joel Greenblatt) % compare to MRSH and AON?
According to the Insurance industry distribution chart, TQM Alpha PCL ranks #21 out of 64 companies for ROC (Joel Greenblatt) %. This puts TQM Alpha PCL in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 69.85. TQM Alpha PCL's value of 238.54% is 241.5% above this benchmark. Historically, TQM Alpha PCL's own ROC (Joel Greenblatt) % has ranged from 174.53 to 712.38 over the past decade. While the company's 10-year median is 219.46 vs. the industry median of 69.85, TQM Alpha 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 an Insurance company?
The median ROC (Joel Greenblatt) % among Insurance companies is 69.85, based on 64 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. TQM Alpha PCL's current ROC (Joel Greenblatt) % of 238.54% is 241.5% 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 TQM Alpha PCL and its competitors. For the Insurance industry, the median ROC (Joel Greenblatt) % is 69.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TQM Alpha PCL's current ROC (Joel Greenblatt) % is 238.54%, which is near median its own 10-year median of 219.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TQM Alpha PCL stock overvalued right now?
Based on GuruFocus' analysis, TQM Alpha PCL (BKK:TQM) is currently considered Fairly Valued. The stock's GF Value™ is ฿17.04, compared to a current price of ฿16.90 — trading 0.8% below its estimated fair value. The current ROC (Joel Greenblatt) % is 238.54%, which is near median its 10-year median of 219.46 and 241.5% above the Insurance industry median of 69.85. TQM Alpha PCL's overall GF Score™ is 91/100 with 11 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 TQM Alpha PCL (BKK:TQM), the current ROC (Joel Greenblatt) % is 238.54% as of Jun. 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 TQM Alpha PCL (BKK:TQM) Overvalued in 2026?
Based on GuruFocus' analysis, TQM Alpha PCL stock appears to be undervalued.
The current stock price of ฿16.90 is trading 0.8% below its estimated GF Value™ of ฿17.04.
GuruFocus considers TQM Alpha PCL to be Fairly Valued.
Key valuation signals for BKK:TQM:
ROC (Joel Greenblatt) %: 238.54% (near median its 10-year median of 219.46)
GF Value™: ฿17.04 vs. price of ฿16.90 (0.8% below fair value)
Industry Position: 241.5% above the Insurance median (#21 of 64)
No single metric tells the full story. See the BKK:TQM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TQM Alpha PCL is engaged in investment in companies that are focused on non-life insurance brokers, life insurance brokers, reinsurance brokers, personal loans, and the provision of services as a manager, caregiver, collect benefits, and property management for related parties. It also provides procurement and consulting services for computer software and hardware.
91GF Score
Get the complete analysis for BKK:TQM
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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