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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. Trc Construction PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -20.47%.
The historical rank and industry rank for Trc Construction PCL's ROC (Joel Greenblatt) % or its related term are showing as below:
BKK:TRC'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -300.04 Med: -35.59 Max: 55.88
Current: -32.56
During the past 13 years, Trc Construction PCL's highest ROC (Joel Greenblatt) % was 55.88%. The lowest was -300.04%. And the median was -35.59%.
BKK:TRC's ROC (Joel Greenblatt) % is ranked worse than 89.43% of 1788
companies
in the Construction industry
Industry Median: 19.52
vs BKK:TRC: -32.56
Trc Construction PCL's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -29.40% per year.
Trc Construction PCL (BKK:TRC) 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.
Trc Construction PCL ROC (Joel Greenblatt) % Related Terms
Trc Construction PCL ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Trc Construction 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.
Trc Construction PCL ROC (Joel Greenblatt) % Chart
BKK:TRC vs PWR, FIX, EME: ROC (Joel Greenblatt) % Comparison
For the Engineering & Construction subindustry, Trc Construction 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.
Trc Construction PCL ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Trc Construction PCL's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Trc Construction PCL's ROC (Joel Greenblatt) % falls into.
Trc Construction 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 -20.47% mean?
Trc Construction PCL (BKK:TRC) has a ROC (Joel Greenblatt) % of -20.47% 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 Trc Construction PCL and its competitors. According to the industry distribution chart, Trc Construction PCL ranks #1599 out of 1788 companies in the Construction industry, placing it in the top 89.4%.
Is Trc Construction PCL's ROC (Joel Greenblatt) % too high?
Trc Construction PCL's current ROC (Joel Greenblatt) % is -20.47%. Based on the distribution chart, Trc Construction PCL ranks #1599 out of 1788 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Trc Construction PCL has a GF Score™ of 27/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Trc Construction PCL's ROC (Joel Greenblatt) % compare to PWR and FIX?
According to the Construction industry distribution chart, Trc Construction PCL ranks #1599 out of 1788 companies for ROC (Joel Greenblatt) %. This places Trc Construction PCL in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 19.52. 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 Construction company?
The median ROC (Joel Greenblatt) % among Construction companies is 19.52, based on 1,788 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. 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 Trc Construction PCL and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trc Construction PCL's current ROC (Joel Greenblatt) % is -20.47%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trc Construction PCL stock overvalued right now?
Based on GuruFocus' analysis, Trc Construction PCL (BKK:TRC) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿0.31, compared to a current price of ฿0.50 — trading 61.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is -20.47%. Trc Construction PCL's overall GF Score™ is 27/100 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 Trc Construction PCL (BKK:TRC), the current ROC (Joel Greenblatt) % is -20.47% 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 Trc Construction PCL (BKK:TRC) Overvalued in 2026?
Based on GuruFocus' analysis, Trc Construction PCL stock appears to be overvalued.
The current stock price of ฿0.50 is trading 61.3% above its estimated GF Value™ of ฿0.31.
GuruFocus considers Trc Construction PCL to be Significantly Overvalued.
Key valuation signals for BKK:TRC:
ROC (Joel Greenblatt) %: -20.47%
GF Value™: ฿0.31 vs. price of ฿0.50 (61.3% above fair value)
No single metric tells the full story. See the BKK:TRC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Trc Construction PCL is engaged in the construction business. It offers engineering design, procurement, construction, project management and maintenance services. The Group is organized into business units based on its products and services and have four reportable segments as follows: Pipeline System Construction segment, Civil Work Construction segment, Engineering System installation and factory construction for energy and petrochemical business segment, and Sales and Other Services. The Civil Work Segment derives maximum revenue. Geographically, it operates only in Thailand.
27GF Score
Get the complete analysis for BKK:TRC
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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