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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. TTCL PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -0.98%.
The historical rank and industry rank for TTCL PCL's ROC (Joel Greenblatt) % or its related term are showing as below:
BKK:TTCL'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -353.49 Med: 47.47 Max: 169.08
Current: -336.15
During the past 13 years, TTCL PCL's highest ROC (Joel Greenblatt) % was 169.08%. The lowest was -353.49%. And the median was 47.47%.
BKK:TTCL's ROC (Joel Greenblatt) % is not ranked
in the Construction industry.
Industry Median: 19.47
vs BKK:TTCL: -336.15
TTCL PCL's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% 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.
The historical data trend for TTCL 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:TTCL vs PWR, FIX, EME: ROC (Joel Greenblatt) % Comparison
For the Engineering & Construction subindustry, TTCL 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.
TTCL PCL ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, TTCL PCL's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where TTCL 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 -0.98% mean?
TTCL PCL (BKK:TTCL) has a ROC (Joel Greenblatt) % of -0.98% 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 TTCL PCL and its competitors.
Is TTCL PCL's ROC (Joel Greenblatt) % too high?
TTCL PCL's current ROC (Joel Greenblatt) % is -0.98%.
How does TTCL PCL's ROC (Joel Greenblatt) % compare to PWR and FIX?
TTCL PCL's ROC (Joel Greenblatt) % of -0.98% can be compared against companies in the Construction industry. The industry median ROC (Joel Greenblatt) % is 19.47. 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 19.47, based on 1,786 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 TTCL PCL and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TTCL PCL's current ROC (Joel Greenblatt) % is -0.98%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TTCL PCL stock overvalued right now?
TTCL PCL (BKK:TTCL) has a current ROC (Joel Greenblatt) % of -0.98%. The stock's GF Value™ is ฿0.75, compared to a current price of ฿0.08 — trading 89.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is -0.98%. 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 TTCL PCL (BKK:TTCL), the current ROC (Joel Greenblatt) % is -0.98% 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.
TTCL PCL is an integrated Engineering, Procurement, and Construction company in Thailand. The principal business operations of the Group are engineering services, including design, procurement, and construction for integrated industrial factories, energy business, manufacturing and distribution of white pallets, and Torrefaction Technology License Provider. The company has two operating business segments: Engineering and Construction. Geographically, the company operates in Thailand, Myanmar, Japan, and Vietnam.
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