Bursa Malaysia BhdBSMAF 73 ROC (Joel Greenblatt) % is 214.35% as of Mar. 2026, which is 28% above its 10-year median of 167.34. GuruFocus rates BSMAF with a GF Score™ of 73/100 and a GF Value™ of $1.41 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 675 Capital Markets companies, Bursa Malaysia Bhd ranks better than 72.15% 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. Bursa Malaysia Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 214.35%.
The historical rank and industry rank for Bursa Malaysia Bhd's ROC (Joel Greenblatt) % or its related term are showing as below:
BSMAF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 144.55 Med: 167.34 Max: 294.96
Current: 184.39
During the past 13 years, Bursa Malaysia Bhd's highest ROC (Joel Greenblatt) % was 294.96%. The lowest was 144.55%. And the median was 167.34%.
BSMAF's ROC (Joel Greenblatt) % is ranked better than 72.15% of 675
companies
in the Capital Markets industry
Industry Median: 35.03
vs BSMAF: 184.39
Bursa Malaysia Bhd's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -9.00% per year.
Bursa Malaysia Bhd (OTCPK:BSMAF) 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.
Bursa Malaysia Bhd ROC (Joel Greenblatt) % Related Terms
Bursa Malaysia Bhd ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Bursa Malaysia Bhd'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.
BSMAF vs SPGI, CME, MCO: ROC (Joel Greenblatt) % Comparison
For the Financial Data & Stock Exchanges subindustry, Bursa Malaysia Bhd'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.
Bursa Malaysia Bhd ROC (Joel Greenblatt) % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Bursa Malaysia Bhd's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Bursa Malaysia Bhd's ROC (Joel Greenblatt) % falls into.
Bursa Malaysia Bhd 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 214.35% mean?
Bursa Malaysia Bhd (BSMAF) has a ROC (Joel Greenblatt) % of 214.35% 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 Bursa Malaysia Bhd and its competitors. This is 28% above median its historical median of 167.34. Over the past decade, Bursa Malaysia Bhd's ROC (Joel Greenblatt) % has ranged from 144.55 to 294.96. According to the industry distribution chart, Bursa Malaysia Bhd ranks #188 out of 675 companies in the Capital Markets industry, placing it in the top 27.9%.
Is Bursa Malaysia Bhd's ROC (Joel Greenblatt) % too high?
Bursa Malaysia Bhd's current ROC (Joel Greenblatt) % of 214.35% is 28% above median its 10-year median of 167.34. Over the past 10 years, this metric has ranged from a low of 144.55 to a high of 294.96. The Capital Markets industry median ROC (Joel Greenblatt) % is 35.03. Bursa Malaysia Bhd's value of 214.35% is 511.9% above this industry median. Based on the distribution chart, Bursa Malaysia Bhd ranks #188 out of 675 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Bursa Malaysia Bhd has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bursa Malaysia Bhd's ROC (Joel Greenblatt) % compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Bursa Malaysia Bhd ranks #188 out of 675 companies for ROC (Joel Greenblatt) %. This puts Bursa Malaysia Bhd in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 35.03. Bursa Malaysia Bhd's value of 214.35% is 511.9% above this benchmark. Historically, Bursa Malaysia Bhd's own ROC (Joel Greenblatt) % has ranged from 144.55 to 294.96 over the past decade. While the company's 10-year median is 167.34 vs. the industry median of 35.03, Bursa Malaysia Bhd 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 Capital Markets company?
The median ROC (Joel Greenblatt) % among Capital Markets companies is 35.03, based on 675 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. Bursa Malaysia Bhd's current ROC (Joel Greenblatt) % of 214.35% is 511.9% 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 Bursa Malaysia Bhd and its competitors. For the Capital Markets industry, the median ROC (Joel Greenblatt) % is 35.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bursa Malaysia Bhd's current ROC (Joel Greenblatt) % is 214.35%, which is 28% above median its own 10-year median of 167.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bursa Malaysia Bhd stock overvalued right now?
Based on GuruFocus' analysis, Bursa Malaysia Bhd (BSMAF) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.41, compared to a current price of $2.18 — trading 54.6% above its estimated fair value. The current ROC (Joel Greenblatt) % is 214.35%, which is 28% above median its 10-year median of 167.34 and 511.9% above the Capital Markets industry median of 35.03. Bursa Malaysia Bhd's overall GF Score™ is 73/100 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 Bursa Malaysia Bhd (BSMAF), the current ROC (Joel Greenblatt) % is 214.35% 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 Bursa Malaysia Bhd (BSMAF) Overvalued in 2026?
Based on GuruFocus' analysis, Bursa Malaysia Bhd stock appears to be overvalued.
The current stock price of $2.18 is trading 54.6% above its estimated GF Value™ of $1.41.
GuruFocus considers Bursa Malaysia Bhd to be Significantly Overvalued.
Key valuation signals for BSMAF:
ROC (Joel Greenblatt) %: 214.35% (28% above median its 10-year median of 167.34)
GF Value™: $1.41 vs. price of $2.18 (54.6% above fair value)
Industry Position: 511.9% above the Capital Markets median (#188 of 675)
No single metric tells the full story. See the BSMAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bursa Malaysia Bhd operates as an exchange holding company, whose principal activities are treasury management and the provision of management and administrative services to its subsidiaries. Through its subsidiaries it operates the Malaysian securities, derivatives, multi-environment product market, debt fundraising and offshore financial exchanges and the Shariah-compliant commodity and precious metals trading platform, to operate the related clearing houses, depository function and regulatory function, and to disseminate information relating to instruments quoted on the exchanges. Its six segments include: Securities Market, Derivatives Market, Islamic Market, Data Business, Exchange, Holding Company, and Others, of which Securities Market segment derives maximum revenue.
73GF Score
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