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Thai Steel Cable PCLBKK:TSC 85 ROC (Joel Greenblatt) % is 42.26% as of Mar. 2026, which is 93% above its 10-year median of 21.87. GuruFocus rates BKK:TSC with a GF Score™ of 85/100 and a GF Value™ of ฿12.97 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,330 Vehicles & Parts companies, Thai Steel Cable PCL ranks better than 88.8% 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. Thai Steel Cable PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 42.26%.
The historical rank and industry rank for Thai Steel Cable PCL's ROC (Joel Greenblatt) % or its related term are showing as below:
BKK:TSC'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 8.1 Med: 21.87 Max: 37.57
Current: 37.57
During the past 13 years, Thai Steel Cable PCL's highest ROC (Joel Greenblatt) % was 37.57%. The lowest was 8.10%. And the median was 21.87%.
BKK:TSC's ROC (Joel Greenblatt) % is ranked better than 88.8% of 1330
companies
in the Vehicles & Parts industry
Industry Median: 12.045
vs BKK:TSC: 37.57
Thai Steel Cable PCL's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 28.60% 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.
Thai Steel Cable PCL ROC (Joel Greenblatt) % Related Terms
Thai Steel Cable PCL ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Thai Steel Cable 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:TSC vs ORLY, AZO: ROC (Joel Greenblatt) % Comparison
For the Auto Parts subindustry, Thai Steel Cable 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.
Thai Steel Cable PCL ROC (Joel Greenblatt) % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Thai Steel Cable PCL's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Thai Steel Cable 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 42.26% mean?
Thai Steel Cable PCL (BKK:TSC) has a ROC (Joel Greenblatt) % of 42.26% 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 Thai Steel Cable PCL and its competitors. This is 93% above median its historical median of 21.87. Over the past decade, Thai Steel Cable PCL's ROC (Joel Greenblatt) % has ranged from 8.10 to 37.57. According to the industry distribution chart, Thai Steel Cable PCL ranks #149 out of 1330 companies in the Vehicles & Parts industry, placing it in the top 11.2%.
Is Thai Steel Cable PCL's ROC (Joel Greenblatt) % too high?
Thai Steel Cable PCL's current ROC (Joel Greenblatt) % of 42.26% is 93% above median its 10-year median of 21.87. Over the past 10 years, this metric has ranged from a low of 8.10 to a high of 37.57. The Vehicles & Parts industry median ROC (Joel Greenblatt) % is 12.05. Thai Steel Cable PCL's value of 42.26% is 250.9% above this industry median. Based on the distribution chart, Thai Steel Cable PCL ranks #149 out of 1330 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Thai Steel Cable PCL has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thai Steel Cable PCL's ROC (Joel Greenblatt) % compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Thai Steel Cable PCL ranks #149 out of 1330 companies for ROC (Joel Greenblatt) %. This places Thai Steel Cable PCL in the top 11% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 12.05. Thai Steel Cable PCL's value of 42.26% is 250.9% above this benchmark. Historically, Thai Steel Cable PCL's own ROC (Joel Greenblatt) % has ranged from 8.10 to 37.57 over the past decade. While the company's 10-year median is 21.87 vs. the industry median of 12.05, Thai Steel Cable 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 Vehicles & Parts company?
The median ROC (Joel Greenblatt) % among Vehicles & Parts companies is 12.05, based on 1,330 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. Thai Steel Cable PCL's current ROC (Joel Greenblatt) % of 42.26% is 250.9% 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 Thai Steel Cable PCL and its competitors. For the Vehicles & Parts industry, the median ROC (Joel Greenblatt) % is 12.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Steel Cable PCL's current ROC (Joel Greenblatt) % is 42.26%, which is 93% above median its own 10-year median of 21.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Steel Cable PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai Steel Cable PCL (BKK:TSC) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿12.97, compared to a current price of ฿15.30 — trading 18% above its estimated fair value. The current ROC (Joel Greenblatt) % is 42.26%, which is 93% above median its 10-year median of 21.87 and 250.9% above the Vehicles & Parts industry median of 12.05. Thai Steel Cable PCL's overall GF Score™ is 85/100 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 Thai Steel Cable PCL (BKK:TSC), the current ROC (Joel Greenblatt) % is 42.26% 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 Thai Steel Cable PCL (BKK:TSC) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Steel Cable PCL stock appears to be overvalued.
The current stock price of ฿15.30 is trading 18% above its estimated GF Value™ of ฿12.97.
GuruFocus considers Thai Steel Cable PCL to be Modestly Overvalued.
Key valuation signals for BKK:TSC:
ROC (Joel Greenblatt) %: 42.26% (93% above median its 10-year median of 21.87)
GF Value™: ฿12.97 vs. price of ฿15.30 (18% above fair value)
Industry Position: 250.9% above the Vehicles & Parts median (#149 of 1330)
No single metric tells the full story. See the BKK:TSC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Steel Cable PCL is a Thailand-based company engaged in the manufacture and sales of control cables, parts, and equipment for vehicles and motorcycles. Its products are divided into three categories: Automobile control cables which include products like accelerator cables, door lock cables, fuel lid opener cables, hood release cables, parking brake cables, seat belt cables, transmission cables, and trunk opener cables; Motorcycle control cables which include brake cables, clutch cables, seat lock cables, speedometer cables, tachometer cables, and throttle cables, and Automobile window regulators. The company operates only in Thailand.
85GF Score
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