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. Titas Gas Transmission and Distribution's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -9.94%.
DHA:TITASGAS'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -4.26 Med: 15.59 Max: 80.63
Current: 0.18
During the past 13 years, Titas Gas Transmission and Distribution's highest ROC (Joel Greenblatt) % was 80.63%. The lowest was -4.26%. And the median was 15.59%.
DHA:TITASGAS's ROC (Joel Greenblatt) % is ranked worse than 90.91% of 506
companies
in the Utilities - Regulated industry
Industry Median: 10.845
vs DHA:TITASGAS: 0.18
Titas Gas Transmission and Distribution (DHA:TITASGAS) 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.
Titas Gas Transmission and Distribution ROC (Joel Greenblatt) % Chart
Titas Gas Transmission and Distribution Annual Data
DHA:TITASGAS vs ATO, NI, UGI: ROC (Joel Greenblatt) % Comparison
For the Utilities - Regulated Gas subindustry, Titas Gas Transmission and Distribution'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.
Titas Gas Transmission and Distribution ROC (Joel Greenblatt) % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Titas Gas Transmission and Distribution's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Titas Gas Transmission and Distribution's ROC (Joel Greenblatt) % falls into.
Titas Gas Transmission and Distribution 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 -9.94% mean?
Titas Gas Transmission and Distribution (DHA:TITASGAS) has a ROC (Joel Greenblatt) % of -9.94% 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 Titas Gas Transmission and Distribution and its competitors. According to the industry distribution chart, Titas Gas Transmission and Distribution ranks #460 out of 506 companies in the Utilities - Regulated industry, placing it in the top 90.9%.
Is Titas Gas Transmission and Distribution's ROC (Joel Greenblatt) % too high?
Titas Gas Transmission and Distribution's current ROC (Joel Greenblatt) % is -9.94%. Based on the distribution chart, Titas Gas Transmission and Distribution ranks #460 out of 506 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Titas Gas Transmission and Distribution has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Titas Gas Transmission and Distribution's ROC (Joel Greenblatt) % compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Titas Gas Transmission and Distribution ranks #460 out of 506 companies for ROC (Joel Greenblatt) %. This places Titas Gas Transmission and Distribution in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 10.85. 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 an Utilities - Regulated company?
The median ROC (Joel Greenblatt) % among Utilities - Regulated companies is 10.85, based on 506 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 Titas Gas Transmission and Distribution and its competitors. For the Utilities - Regulated industry, the median ROC (Joel Greenblatt) % is 10.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Titas Gas Transmission and Distribution's current ROC (Joel Greenblatt) % is -9.94%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Titas Gas Transmission and Distribution stock overvalued right now?
Based on GuruFocus' analysis, Titas Gas Transmission and Distribution (DHA:TITASGAS) is currently considered Modestly Undervalued. The stock's GF Value™ is BDT23.48, compared to a current price of BDT19.80 — trading 15.7% below its estimated fair value. The current ROC (Joel Greenblatt) % is -9.94%. Titas Gas Transmission and Distribution's overall GF Score™ is 73/100 with 7 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 Titas Gas Transmission and Distribution (DHA:TITASGAS), the current ROC (Joel Greenblatt) % is -9.94% 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 Titas Gas Transmission and Distribution (DHA:TITASGAS) Overvalued in 2026?
Based on GuruFocus' analysis, Titas Gas Transmission and Distribution stock appears to be undervalued.
The current stock price of BDT19.80 is trading 15.7% below its estimated GF Value™ of BDT23.48.
GuruFocus considers Titas Gas Transmission and Distribution to be Modestly Undervalued.
Key valuation signals for DHA:TITASGAS:
ROC (Joel Greenblatt) %: -9.94%
GF Value™: BDT23.48 vs. price of BDT19.80 (15.7% below fair value)
No single metric tells the full story. See the DHA:TITASGAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Titas Gas Transmission and Distribution Business Description
Titas Gas Transmission and Distribution PLC is principally engaged in the business of natural gas distribution. The company aims to transmit natural gas from the gas fields to different areas to distribute the same to the consumers in power, fertilizer, industrial, commercial, captive power, feed gas for CNG, and domestic categories within its franchise areas, viz. greater Dhaka & Mymensingh districts. The company supplies gas to power stations, fertilizer factories, industries, commercial users, captive power plants, compressed natural gas stations, and households through an extensive pipeline network.
73GF Score
Get the complete analysis for DHA:TITASGAS
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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