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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. WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 0.00%.
BKK:WHABT's ROC (Joel Greenblatt) % is not ranked *
in the REITs industry.
Industry Median: 174.41 * Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
WHA Business Complex Freehold and Leasehold Real Estate Investment Trust (BKK:WHABT) 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.
WHA Business Complex Freehold and Leasehold Real Estate Investment Trust ROC (Joel Greenblatt) % Chart
WHA Business Complex Freehold and Leasehold Real Estate Investment Trust Annual Data
* 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.
WHA Business Complex Freehold and Leasehold Real Estate Investment Trust ROC (Joel Greenblatt) % vs REITs Industry
WHA Business Complex Freehold and Leasehold Real Estate Investment Trust 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 0.00% mean?
WHA Business Complex Freehold and Leasehold Real Estate Investment Trust (BKK:WHABT) has a ROC (Joel Greenblatt) % of 0.00% 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 WHA Business Complex Freehold and Leasehold Real Estate Investment Trust and its competitors. According to the industry distribution chart, WHA Business Complex Freehold and Leasehold Real Estate Investment Trust ranks #999999 out of 579 companies in the REITs industry.
Is WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's ROC (Joel Greenblatt) % too high?
WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's current ROC (Joel Greenblatt) % is 0.00%. Based on the distribution chart, WHA Business Complex Freehold and Leasehold Real Estate Investment Trust ranks #999999 out of 579 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, WHA Business Complex Freehold and Leasehold Real Estate Investment Trust has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's ROC (Joel Greenblatt) % compare to BXP and ARE?
According to the REITs industry distribution chart, WHA Business Complex Freehold and Leasehold Real Estate Investment Trust ranks #999999 out of 579 companies for ROC (Joel Greenblatt) %. This places WHA Business Complex Freehold and Leasehold Real Estate Investment Trust in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 174.41. 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 REITs company?
The median ROC (Joel Greenblatt) % among REITs companies is 174.41, based on 579 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 WHA Business Complex Freehold and Leasehold Real Estate Investment Trust and its competitors. For the REITs industry, the median ROC (Joel Greenblatt) % is 174.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's current ROC (Joel Greenblatt) % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WHA Business Complex Freehold and Leasehold Real Estate Investment Trust stock overvalued right now?
Based on GuruFocus' analysis, WHA Business Complex Freehold and Leasehold Real Estate Investment Trust (BKK:WHABT) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿5.47, compared to a current price of ฿6.45 — trading 17.9% above its estimated fair value. The current ROC (Joel Greenblatt) % is 0.00%. WHA Business Complex Freehold and Leasehold Real Estate Investment Trust's overall GF Score™ is 69/100 with 8 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 WHA Business Complex Freehold and Leasehold Real Estate Investment Trust (BKK:WHABT), the current ROC (Joel Greenblatt) % is 0.00% 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 WHA Business Complex Freehold and Leasehold Real Estate Investment Trust (BKK:WHABT) Overvalued in 2026?
Based on GuruFocus' analysis, WHA Business Complex Freehold and Leasehold Real Estate Investment Trust stock appears to be overvalued.
The current stock price of ฿6.45 is trading 17.9% above its estimated GF Value™ of ฿5.47.
GuruFocus considers WHA Business Complex Freehold and Leasehold Real Estate Investment Trust to be Modestly Overvalued.
Key valuation signals for BKK:WHABT:
ROC (Joel Greenblatt) %: 0.00%
GF Value™: ฿5.47 vs. price of ฿6.45 (17.9% above fair value)
No single metric tells the full story. See the BKK:WHABT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
WHA Business Complex Freehold and Leasehold Real Estate Investment Trust Business Description
WHA Business Complex Freehold and Leasehold Real Estate Investment Trust is a closed-end property fund. The company is also involved in raising funds from investors, investing mostly in property or property leasehold rights. It operates in only one business segment which is the investment in property and the business operated in Thailand.
69GF Score
Get the complete analysis for BKK:WHABT
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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