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Well Graded Engineering PCLBKK:WGE -2.82%59 ROC (Joel Greenblatt) % is 42.26% as of Mar. 2026, which is 92% above its 10-year median of 22.03. GuruFocus rates BKK:WGE with a GF Score™ of 59/100 and a GF Value™ of ฿0.95 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,789 Construction companies, Well Graded Engineering PCL ranks better than 73.78% 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. Well Graded Engineering PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 42.26%.
The historical rank and industry rank for Well Graded Engineering PCL's ROC (Joel Greenblatt) % or its related term are showing as below:
BKK:WGE'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -56.27 Med: 22.03 Max: 74.44
Current: 45.65
During the past 7 years, Well Graded Engineering PCL's highest ROC (Joel Greenblatt) % was 74.44%. The lowest was -56.27%. And the median was 22.03%.
BKK:WGE's ROC (Joel Greenblatt) % is ranked better than 73.78% of 1789
companies
in the Construction industry
Industry Median: 19.47
vs BKK:WGE: 45.65
Well Graded Engineering PCL (BKK:WGE) 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.
* 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.
Well Graded Engineering PCL ROC (Joel Greenblatt) % Chart
BKK:WGE vs PWR, FIX, EME: ROC (Joel Greenblatt) % Comparison
For the Engineering & Construction subindustry, Well Graded Engineering 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.
Well Graded Engineering PCL ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Well Graded Engineering PCL's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Well Graded Engineering PCL's ROC (Joel Greenblatt) % falls into.
Well Graded Engineering 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 42.26% mean?
Well Graded Engineering PCL (BKK:WGE) 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 Well Graded Engineering PCL and its competitors. This is 92% above median its historical median of 22.03. According to the industry distribution chart, Well Graded Engineering PCL ranks #469 out of 1789 companies in the Construction industry, placing it in the top 26.2%.
Is Well Graded Engineering PCL's ROC (Joel Greenblatt) % too high?
Well Graded Engineering PCL's current ROC (Joel Greenblatt) % of 42.26% is 92% above median its 10-year median of 22.03. The Construction industry median ROC (Joel Greenblatt) % is 19.47. Well Graded Engineering PCL's value of 42.26% is 117.1% above this industry median. Based on the distribution chart, Well Graded Engineering PCL ranks #469 out of 1789 companies in the Construction industry, which is above the industry midpoint. Overall, Well Graded Engineering PCL has a GF Score™ of 59/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Well Graded Engineering PCL's ROC (Joel Greenblatt) % compare to PWR and FIX?
According to the Construction industry distribution chart, Well Graded Engineering PCL ranks #469 out of 1789 companies for ROC (Joel Greenblatt) %. This puts Well Graded Engineering PCL in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 19.47. Well Graded Engineering PCL's value of 42.26% is 117.1% above this benchmark. While the company's 10-year median is 22.03 vs. the industry median of 19.47, Well Graded Engineering 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 Construction company?
The median ROC (Joel Greenblatt) % among Construction companies is 19.47, based on 1,789 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. Well Graded Engineering PCL's current ROC (Joel Greenblatt) % of 42.26% is 117.1% 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 Well Graded Engineering 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. Well Graded Engineering PCL's current ROC (Joel Greenblatt) % is 42.26%, which is 92% above median its own 10-year median of 22.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Well Graded Engineering PCL stock overvalued right now?
Based on GuruFocus' analysis, Well Graded Engineering PCL (BKK:WGE) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿0.95, compared to a current price of ฿0.69 — trading 27.4% below its estimated fair value. The current ROC (Joel Greenblatt) % is 42.26%, which is 92% above median its 10-year median of 22.03 and 117.1% above the Construction industry median of 19.47. Well Graded Engineering PCL's overall GF Score™ is 59/100 with 2 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 Well Graded Engineering PCL (BKK:WGE), 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 Well Graded Engineering PCL (BKK:WGE) Overvalued in 2026?
Based on GuruFocus' analysis, Well Graded Engineering PCL stock appears to be undervalued.
The current stock price of ฿0.69 is trading 27.4% below its estimated GF Value™ of ฿0.95.
GuruFocus considers Well Graded Engineering PCL to be Modestly Undervalued.
Key valuation signals for BKK:WGE:
ROC (Joel Greenblatt) %: 42.26% (92% above median its 10-year median of 22.03)
GF Value™: ฿0.95 vs. price of ฿0.69 (27.4% below fair value)
Industry Position: 117.1% above the Construction median (#469 of 1789)
No single metric tells the full story. See the BKK:WGE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Well Graded Engineering PCL is an engineering and construction company. The company is engaged in the business of construction work services and consultants for the design and supervision of construction, engineering, and architecture works. Its projects portfolio includes High-Rise Condominiums; Low-Rise Condominiums; Office Buildings; Hospitals; Hotels; Sales Offices; Shopping Centers; and Interior Design.
59GF Score
Get the complete analysis for BKK:WGE
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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