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TVD Holdings PCLBKK:TVDH ROC (Joel Greenblatt) % is 57.71% as of Mar. 2026, which is 445% above its 10-year median of 10.59. The stock has 2 warning signs investors should review. Among 1,132 Retail - Cyclical companies, TVD Holdings PCL ranks better than 70.94% 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. TVD Holdings PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 57.71%.
The historical rank and industry rank for TVD Holdings PCL's ROC (Joel Greenblatt) % or its related term are showing as below:
BKK:TVDH'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -94.64 Med: 10.59 Max: 24.74
Current: 24.74
During the past 13 years, TVD Holdings PCL's highest ROC (Joel Greenblatt) % was 24.74%. The lowest was -94.64%. And the median was 10.59%.
BKK:TVDH's ROC (Joel Greenblatt) % is ranked better than 70.94% of 1132
companies
in the Retail - Cyclical industry
Industry Median: 11.685
vs BKK:TVDH: 24.74
TVD Holdings 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.
TVD Holdings PCL ROC (Joel Greenblatt) % Related Terms
TVD Holdings PCL ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for TVD Holdings 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:TVDH vs AMZN, BABA, PDD: ROC (Joel Greenblatt) % Comparison
For the Internet Retail subindustry, TVD Holdings 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.
TVD Holdings PCL ROC (Joel Greenblatt) % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, TVD Holdings PCL's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where TVD Holdings 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 57.71% mean?
TVD Holdings PCL (BKK:TVDH) has a ROC (Joel Greenblatt) % of 57.71% 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 TVD Holdings PCL and its competitors. This is 445% above median its historical median of 10.59. According to the industry distribution chart, TVD Holdings PCL ranks #329 out of 1132 companies in the Retail - Cyclical industry, placing it in the top 29.1%.
Is TVD Holdings PCL's ROC (Joel Greenblatt) % too high?
TVD Holdings PCL's current ROC (Joel Greenblatt) % of 57.71% is 445% above median its 10-year median of 10.59. The Retail - Cyclical industry median ROC (Joel Greenblatt) % is 11.69. TVD Holdings PCL's value of 57.71% is 393.9% above this industry median. Based on the distribution chart, TVD Holdings PCL ranks #329 out of 1132 companies in the Retail - Cyclical industry, which is above the industry midpoint.
How does TVD Holdings PCL's ROC (Joel Greenblatt) % compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, TVD Holdings PCL ranks #329 out of 1132 companies for ROC (Joel Greenblatt) %. This puts TVD Holdings PCL in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.69. TVD Holdings PCL's value of 57.71% is 393.9% above this benchmark. While the company's 10-year median is 10.59 vs. the industry median of 11.69, TVD Holdings 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 Retail - Cyclical company?
The median ROC (Joel Greenblatt) % among Retail - Cyclical companies is 11.69, based on 1,132 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. TVD Holdings PCL's current ROC (Joel Greenblatt) % of 57.71% is 393.9% 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 TVD Holdings PCL and its competitors. For the Retail - Cyclical industry, the median ROC (Joel Greenblatt) % is 11.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TVD Holdings PCL's current ROC (Joel Greenblatt) % is 57.71%, which is 445% above median its own 10-year median of 10.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TVD Holdings PCL stock overvalued right now?
Based on GuruFocus' analysis, TVD Holdings PCL (BKK:TVDH) is currently considered Possible Value Trap. The stock's GF Value™ is ฿0.10, compared to a current price of ฿0.04 — trading 60% below its estimated fair value. The current ROC (Joel Greenblatt) % is 57.71%, which is 445% above median its 10-year median of 10.59 and 393.9% above the Retail - Cyclical industry median of 11.69. 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 TVD Holdings PCL (BKK:TVDH), the current ROC (Joel Greenblatt) % is 57.71% 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.
TVD Holdings PCL is engaged in the sales of goods and services through various marketing channels, including providing and producing TV programs, and selling air time for advertising. The company operates in various business segments that include: Selling products: offering products to consumers via 24-hour home shopping television, digital TV and online media, Provide secured loans: Engaging in lending business, providing loans with movable or immovable property as collateral Investment: Investing in fiber optic distribution projects and investing in foreign securities, Television media: Providing satellite signal channels and broadcasting time, Services: Providing services of departments and other services. The majority of its revenue is generated from the selling products segment.
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