Central Pattana PCLCPPBY 90 ROC (Joel Greenblatt) % is 326.21% as of Mar. 2026, which is 6% below its 10-year median of 345.20. GuruFocus rates CPPBY with a GF Score™ of 90/100 and a GF Value™ of $23.14. The stock has 6 warning signs investors should review. Among 1,750 Real Estate companies, Central Pattana PCL ranks better than 86.63% 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. Central Pattana PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 326.21%.
The historical rank and industry rank for Central Pattana PCL's ROC (Joel Greenblatt) % or its related term are showing as below:
CPPBY'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 190.06 Med: 345.2 Max: 818.08
Current: 336.16
During the past 13 years, Central Pattana PCL's highest ROC (Joel Greenblatt) % was 818.08%. The lowest was 190.06%. And the median was 345.20%.
CPPBY's ROC (Joel Greenblatt) % is ranked better than 86.63% of 1750
companies
in the Real Estate industry
Industry Median: 12.52
vs CPPBY: 336.16
Central Pattana PCL's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 2.70% per year.
Central Pattana PCL (OTCPK:CPPBY) 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.
Central Pattana PCL ROC (Joel Greenblatt) % Related Terms
Central Pattana PCL ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Central Pattana 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.
Central Pattana PCL ROC (Joel Greenblatt) % Competitor Comparison
For the Real Estate - Diversified subindustry, Central Pattana 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.
Central Pattana PCL ROC (Joel Greenblatt) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Central Pattana PCL's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Central Pattana PCL's ROC (Joel Greenblatt) % falls into.
Central Pattana 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 326.21% mean?
Central Pattana PCL (CPPBY) has a ROC (Joel Greenblatt) % of 326.21% 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 Central Pattana PCL and its competitors. This is near median its historical median of 345.20. Over the past decade, Central Pattana PCL's ROC (Joel Greenblatt) % has ranged from 190.06 to 818.08. According to the industry distribution chart, Central Pattana PCL ranks #234 out of 1750 companies in the Real Estate industry, placing it in the top 13.4%.
Is Central Pattana PCL's ROC (Joel Greenblatt) % too high?
Central Pattana PCL's current ROC (Joel Greenblatt) % of 326.21% is near median its 10-year median of 345.20. Over the past 10 years, this metric has ranged from a low of 190.06 to a high of 818.08. The Real Estate industry median ROC (Joel Greenblatt) % is 12.52. Central Pattana PCL's value of 326.21% is 2505.5% above this industry median. Based on the distribution chart, Central Pattana PCL ranks #234 out of 1750 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Central Pattana PCL has a GF Score™ of 90/100, reflecting its overall financial health beyond just this single metric.
How does Central Pattana PCL's ROC (Joel Greenblatt) % compare to competitors?
According to the Real Estate industry distribution chart, Central Pattana PCL ranks #234 out of 1750 companies for ROC (Joel Greenblatt) %. This places Central Pattana PCL in the top 13% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 12.52. Central Pattana PCL's value of 326.21% is 2505.5% above this benchmark. Historically, Central Pattana PCL's own ROC (Joel Greenblatt) % has ranged from 190.06 to 818.08 over the past decade. While the company's 10-year median is 345.20 vs. the industry median of 12.52, Central Pattana 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 Real Estate company?
The median ROC (Joel Greenblatt) % among Real Estate companies is 12.52, based on 1,750 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. Central Pattana PCL's current ROC (Joel Greenblatt) % of 326.21% is 2505.5% 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 Central Pattana PCL and its competitors. For the Real Estate industry, the median ROC (Joel Greenblatt) % is 12.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Central Pattana PCL's current ROC (Joel Greenblatt) % is 326.21%, which is near median its own 10-year median of 345.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Central Pattana PCL stock overvalued right now?
Central Pattana PCL (CPPBY) has a current ROC (Joel Greenblatt) % of 326.21%. The stock's GF Value™ is $23.14, compared to a current price of $23.40 — trading 1.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 326.21%, which is near median its 10-year median of 345.20 and 2505.5% above the Real Estate industry median of 12.52. Central Pattana PCL's overall GF Score™ is 90/100 with 6 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 Central Pattana PCL (CPPBY), the current ROC (Joel Greenblatt) % is 326.21% 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 Central Pattana PCL (CPPBY) Overvalued in 2026?
Based on GuruFocus' analysis, Central Pattana PCL stock appears to be overvalued.
The current stock price of $23.40 is trading 1.1% above its estimated GF Value™ of $23.14.
Key valuation signals for CPPBY:
ROC (Joel Greenblatt) %: 326.21% (near median its 10-year median of 345.20)
GF Value™: $23.14 vs. price of $23.40 (1.1% above fair value)
Industry Position: 2505.5% above the Real Estate median (#234 of 1750)
No single metric tells the full story. See the CPPBY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Central Pattana PCL is engaged in the development and management of properties, including the construction of office buildings and shopping centers for rent, the provision of utility services within shopping centers, the sale of food and beverages, and the delivery of property management consulting and corporate services. Its segments are the development of shopping center buildings, office buildings, and condominiums for rent, including food center services, utility services, and the operation of playlands and water theme parks, which generate the majority of the company's revenue; the hotel business; and the real estate business, which involves the sale of land, houses, and condominium units. The Group is mainly managed and operates principally in Thailand.
90GF Score
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