Bangladesh Shipping (DHA:BSC) ROC (Joel Greenblatt) %: 16.22% (As of Mar. 2026) — 10% Below Median

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DHA:BSC Bangladesh Shipping Corp DHA:BSC
89 GF Score
Price BDT126.40
GF Value BDT123.89
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Bangladesh Shipping ROC (Joel Greenblatt) %?

Bangladesh Shipping DHA:BSC -2.32% 89 ROC (Joel Greenblatt) % is 16.22% as of Mar. 2026, which is 10% below its 10-year median of 18.12. GuruFocus rates DHA:BSC with a GF Score™ of 89/100 and a GF Value™ of BDT123.89 (Fairly Valued). The stock has 6 warning signs investors should review. Among 998 Transportation companies, Bangladesh Shipping ranks better than 73.85% 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. Bangladesh Shipping's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 16.22%.

The historical rank and industry rank for Bangladesh Shipping's ROC (Joel Greenblatt) % or its related term are showing as below:

DHA:BSC' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.59   Med: 18.12   Max: 29.41
Current: 21.82

During the past 6 years, Bangladesh Shipping's highest ROC (Joel Greenblatt) % was 29.41%. The lowest was 5.59%. And the median was 18.12%.

DHA:BSC's ROC (Joel Greenblatt) % is ranked better than
73.85% of 998 companies
in the Transportation industry
Industry Median: 11.76 vs DHA:BSC: 21.82

Bangladesh Shipping's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 41.10% per year.


Bangladesh Shipping  (DHA:BSC) 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.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


Bangladesh Shipping ROC (Joel Greenblatt) % Related Terms


Bangladesh Shipping ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Bangladesh Shipping'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.

Bangladesh Shipping ROC (Joel Greenblatt) % Chart

Bangladesh Shipping Annual Data
Trend Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial 6.77 16.70 19.53 22.37 29.41

Bangladesh Shipping Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 28.66 33.48 26.30 16.36 16.22

DHA:BSC vs KEX: ROC (Joel Greenblatt) % Comparison

For the Marine Shipping subindustry, Bangladesh Shipping'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.


Bangladesh Shipping ROC (Joel Greenblatt) % vs Transportation Industry

For the Transportation industry and Industrials sector, Bangladesh Shipping's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Bangladesh Shipping's ROC (Joel Greenblatt) % falls into.


DHA:BSC
89GF Score
Bangladesh Shipping Corp DHA:BSC
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bangladesh Shipping 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:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

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.

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(766.175 + 84.267 + 1492.129) - (1588.498 + 0 + 3318.478)
=-2564.405

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(539.108 + 82.766 + 1906.328) - (1349.462 + 0 + 3479.623)
=-2300.883

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Bangladesh Shipping for the quarter that ended in Mar. 2026 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=3897.264/( ( (23827.33 + max(-2564.405, 0)) + (24235.245 + max(-2300.883, 0)) )/ 2 )
=3897.264/( ( 23827.33 + 24235.245 )/ 2 )
=3897.264/24031.2875
=16.22 %

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 16.22% mean?
Bangladesh Shipping (DHA:BSC) has a ROC (Joel Greenblatt) % of 16.22% 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 Bangladesh Shipping and its competitors. This is 10% below median its historical median of 18.12. Over the past decade, Bangladesh Shipping's ROC (Joel Greenblatt) % has ranged from 5.59 to 29.41. According to the industry distribution chart, Bangladesh Shipping ranks #261 out of 998 companies in the Transportation industry, placing it in the top 26.2%.
Is Bangladesh Shipping's ROC (Joel Greenblatt) % too high?
Bangladesh Shipping's current ROC (Joel Greenblatt) % of 16.22% is 10% below median its 10-year median of 18.12. Over the past 10 years, this metric has ranged from a low of 5.59 to a high of 29.41. The Transportation industry median ROC (Joel Greenblatt) % is 11.76. Bangladesh Shipping's value of 16.22% is 37.9% above this industry median. Based on the distribution chart, Bangladesh Shipping ranks #261 out of 998 companies in the Transportation industry, which is above the industry midpoint. Overall, Bangladesh Shipping has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bangladesh Shipping's ROC (Joel Greenblatt) % compare to KEX?
According to the Transportation industry distribution chart, Bangladesh Shipping ranks #261 out of 998 companies for ROC (Joel Greenblatt) %. This puts Bangladesh Shipping in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.76. Bangladesh Shipping's value of 16.22% is 37.9% above this benchmark. Historically, Bangladesh Shipping's own ROC (Joel Greenblatt) % has ranged from 5.59 to 29.41 over the past decade. While the company's 10-year median is 18.12 vs. the industry median of 11.76, Bangladesh Shipping 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 Transportation company?
The median ROC (Joel Greenblatt) % among Transportation companies is 11.76, based on 998 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. Bangladesh Shipping's current ROC (Joel Greenblatt) % of 16.22% is 37.9% 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 Bangladesh Shipping and its competitors. For the Transportation industry, the median ROC (Joel Greenblatt) % is 11.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bangladesh Shipping's current ROC (Joel Greenblatt) % is 16.22%, which is 10% below median its own 10-year median of 18.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bangladesh Shipping stock overvalued right now?
Based on GuruFocus' analysis, Bangladesh Shipping (DHA:BSC) is currently considered Fairly Valued. The stock's GF Value™ is BDT123.89, compared to a current price of BDT126.40 — trading 2% above its estimated fair value. The current ROC (Joel Greenblatt) % is 16.22%, which is 10% below median its 10-year median of 18.12 and 37.9% above the Transportation industry median of 11.76. Bangladesh Shipping's overall GF Score™ is 89/100 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 Bangladesh Shipping (DHA:BSC), the current ROC (Joel Greenblatt) % is 16.22% 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 Bangladesh Shipping (DHA:BSC) Overvalued in 2026?

Based on GuruFocus' analysis, Bangladesh Shipping stock appears to be overvalued. The current stock price of BDT126.40 is trading 2% above its estimated GF Value™ of BDT123.89. GuruFocus considers Bangladesh Shipping to be Fairly Valued.

Key valuation signals for DHA:BSC:

  • ROC (Joel Greenblatt) %: 16.22% (10% below median its 10-year median of 18.12)
  • GF Value™: BDT123.89 vs. price of BDT126.40 (2% above fair value)
  • GF Score™: 89/100 with 6 warning signs
  • Industry Position: 37.9% above the Transportation median (#261 of 998)

No single metric tells the full story. See the DHA:BSC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bangladesh Shipping Business Description

Address Saltgola Road, P.O. Box no. 641, BSC Bhaban, Chattogram, BGD, 4100
Bangladesh Shipping Corp is the national flag carrier engaged in shipping and ancillary businesses on International routes. Its Services are Liner Service, Chartering & Tramping service, Feeder Service, Crude Oil Carrying, Crude Oil Lightening, Food Grain Carrying, Food Grain Lightening, Agency Service, and Ship Repair.
89GF Score

Get the complete analysis for DHA:BSC

ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

BDT126.40
Price
BDT123.89
GF Value