Top Glove BhdFRA:5OU 42 ROC (Joel Greenblatt) % is 11.87% as of May. 2026, which is 42% below its 10-year median of 20.53. GuruFocus rates FRA:5OU with a GF Score™ of 42/100 and a GF Value™ of €0.93 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 839 Medical Devices & Instruments companies, Top Glove Bhd ranks better than 54.11% 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. Top Glove Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2026 was 11.87%.
The historical rank and industry rank for Top Glove Bhd's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:5OU'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -18.23 Med: 20.53 Max: 271.99
Current: 7.08
During the past 13 years, Top Glove Bhd's highest ROC (Joel Greenblatt) % was 271.99%. The lowest was -18.23%. And the median was 20.53%.
FRA:5OU's ROC (Joel Greenblatt) % is ranked better than 54.11% of 839
companies
in the Medical Devices & Instruments industry
Industry Median: 3.94
vs FRA:5OU: 7.08
Top Glove Bhd's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Top Glove Bhd (FRA:5OU) 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.
Top Glove Bhd ROC (Joel Greenblatt) % Related Terms
Top Glove Bhd ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Top Glove 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.
FRA:5OU vs ISRG, BDX, MDLN: ROC (Joel Greenblatt) % Comparison
For the Medical Instruments & Supplies subindustry, Top Glove 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.
Top Glove Bhd ROC (Joel Greenblatt) % vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Top Glove Bhd's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Top Glove Bhd's ROC (Joel Greenblatt) % falls into.
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 (May. 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 11.87% mean?
Top Glove Bhd (FRA:5OU) has a ROC (Joel Greenblatt) % of 11.87% as of May. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Top Glove Bhd and its competitors. This is 42% below median its historical median of 20.53. According to the industry distribution chart, Top Glove Bhd ranks #385 out of 839 companies in the Medical Devices & Instruments industry, placing it in the top 45.9%.
Is Top Glove Bhd's ROC (Joel Greenblatt) % too high?
Top Glove Bhd's current ROC (Joel Greenblatt) % of 11.87% is 42% below median its 10-year median of 20.53. The Medical Devices & Instruments industry median ROC (Joel Greenblatt) % is 3.94. Top Glove Bhd's value of 11.87% is 201.3% above this industry median. Based on the distribution chart, Top Glove Bhd ranks #385 out of 839 companies in the Medical Devices & Instruments industry, which is above the industry midpoint. Overall, Top Glove Bhd has a GF Score™ of 42/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Top Glove Bhd's ROC (Joel Greenblatt) % compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, Top Glove Bhd ranks #385 out of 839 companies for ROC (Joel Greenblatt) %. This puts Top Glove Bhd in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 3.94. Top Glove Bhd's value of 11.87% is 201.3% above this benchmark. While the company's 10-year median is 20.53 vs. the industry median of 3.94, Top Glove 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 Medical Devices & Instruments company?
The median ROC (Joel Greenblatt) % among Medical Devices & Instruments companies is 3.94, based on 839 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. Top Glove Bhd's current ROC (Joel Greenblatt) % of 11.87% is 201.3% 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 Top Glove Bhd and its competitors. For the Medical Devices & Instruments industry, the median ROC (Joel Greenblatt) % is 3.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Top Glove Bhd's current ROC (Joel Greenblatt) % is 11.87%, which is 42% below median its own 10-year median of 20.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Top Glove Bhd stock overvalued right now?
Based on GuruFocus' analysis, Top Glove Bhd (FRA:5OU) is currently considered Significantly Undervalued. The stock's GF Value™ is €0.93, compared to a current price of €0.50 — trading 46.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is 11.87%, which is 42% below median its 10-year median of 20.53 and 201.3% above the Medical Devices & Instruments industry median of 3.94. Top Glove Bhd's overall GF Score™ is 42/100 with 3 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 Top Glove Bhd (FRA:5OU), the current ROC (Joel Greenblatt) % is 11.87% as of May. 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 Top Glove Bhd (FRA:5OU) Overvalued in 2026?
Based on GuruFocus' analysis, Top Glove Bhd stock appears to be undervalued.
The current stock price of €0.50 is trading 46.2% below its estimated GF Value™ of €0.93.
GuruFocus considers Top Glove Bhd to be Significantly Undervalued.
Key valuation signals for FRA:5OU:
ROC (Joel Greenblatt) %: 11.87% (42% below median its 10-year median of 20.53)
GF Value™: €0.93 vs. price of €0.50 (46.2% below fair value)
Industry Position: 201.3% above the Medical Devices & Instruments median (#385 of 839)
No single metric tells the full story. See the FRA:5OU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Top Glove Corp Bhd is an investment holding company. Along with its subsidiaries, the company is engaged in the manufacturing and sales of gloves through several product lines to diverse customers in various countries. Some of the different glove options include latex, nitrile, vinyl, PE, Polychloroprene, Polyisoprene, Flexylon, HDPE and surgical. It serves various sectors including healthcare, industrial, and Food and Beverage sectors. The company has four reportable operating segments based on its geographical areas: Malaysia, Thailand, People's Republic of China and Others. The majority of revenue is generated from Malaysia.
42GF Score
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