Bangkok Airways PCLFRA:8BA +5.43%67 ROC (Joel Greenblatt) % is 99.61% as of Mar. 2026, which is 425% above its 10-year median of 18.99. GuruFocus rates FRA:8BA with a GF Score™ of 67/100 and a GF Value™ of €0.48. The stock has 10 warning signs investors should review. Among 997 Transportation companies, Bangkok Airways PCL ranks better than 90.77% 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. Bangkok Airways PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 99.61%.
The historical rank and industry rank for Bangkok Airways PCL's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:8BA'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -45.03 Med: 18.99 Max: 53.64
Current: 53.64
During the past 13 years, Bangkok Airways PCL's highest ROC (Joel Greenblatt) % was 53.64%. The lowest was -45.03%. And the median was 18.99%.
FRA:8BA's ROC (Joel Greenblatt) % is ranked better than 90.77% of 997
companies
in the Transportation industry
Industry Median: 11.75
vs FRA:8BA: 53.64
Bangkok Airways PCL's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
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.
Bangkok Airways PCL ROC (Joel Greenblatt) % Related Terms
Bangkok Airways PCL ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Bangkok Airways 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.
FRA:8BA vs DAL, UAL, LUV: ROC (Joel Greenblatt) % Comparison
For the Airlines subindustry, Bangkok Airways 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.
Bangkok Airways PCL ROC (Joel Greenblatt) % vs Transportation Industry
For the Transportation industry and Industrials sector, Bangkok Airways PCL's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Bangkok Airways PCL'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 (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 99.61% mean?
Bangkok Airways PCL (FRA:8BA) has a ROC (Joel Greenblatt) % of 99.61% 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 Bangkok Airways PCL and its competitors. This is 425% above median its historical median of 18.99. According to the industry distribution chart, Bangkok Airways PCL ranks #92 out of 997 companies in the Transportation industry, placing it in the top 9.2%.
Is Bangkok Airways PCL's ROC (Joel Greenblatt) % too high?
Bangkok Airways PCL's current ROC (Joel Greenblatt) % of 99.61% is 425% above median its 10-year median of 18.99. The Transportation industry median ROC (Joel Greenblatt) % is 11.75. Bangkok Airways PCL's value of 99.61% is 747.7% above this industry median. Based on the distribution chart, Bangkok Airways PCL ranks #92 out of 997 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Bangkok Airways PCL has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does Bangkok Airways PCL's ROC (Joel Greenblatt) % compare to DAL and UAL?
According to the Transportation industry distribution chart, Bangkok Airways PCL ranks #92 out of 997 companies for ROC (Joel Greenblatt) %. This places Bangkok Airways PCL in the top 9% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.75. Bangkok Airways PCL's value of 99.61% is 747.7% above this benchmark. While the company's 10-year median is 18.99 vs. the industry median of 11.75, Bangkok Airways 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 Transportation company?
The median ROC (Joel Greenblatt) % among Transportation companies is 11.75, based on 997 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. Bangkok Airways PCL's current ROC (Joel Greenblatt) % of 99.61% is 747.7% 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 Bangkok Airways PCL and its competitors. For the Transportation industry, the median ROC (Joel Greenblatt) % is 11.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bangkok Airways PCL's current ROC (Joel Greenblatt) % is 99.61%, which is 425% above median its own 10-year median of 18.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bangkok Airways PCL stock overvalued right now?
Bangkok Airways PCL (FRA:8BA) has a current ROC (Joel Greenblatt) % of 99.61%. The stock's GF Value™ is €0.48, compared to a current price of €0.47 — trading 2.9% below its estimated fair value. The current ROC (Joel Greenblatt) % is 99.61%, which is 425% above median its 10-year median of 18.99 and 747.7% above the Transportation industry median of 11.75. Bangkok Airways PCL's overall GF Score™ is 67/100 with 10 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 Bangkok Airways PCL (FRA:8BA), the current ROC (Joel Greenblatt) % is 99.61% 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 Bangkok Airways PCL (FRA:8BA) Overvalued in 2026?
Based on GuruFocus' analysis, Bangkok Airways PCL stock appears to be undervalued.
The current stock price of €0.47 is trading 2.9% below its estimated GF Value™ of €0.48.
Key valuation signals for FRA:8BA:
ROC (Joel Greenblatt) %: 99.61% (425% above median its 10-year median of 18.99)
GF Value™: €0.48 vs. price of €0.47 (2.9% below fair value)
Industry Position: 747.7% above the Transportation median (#92 of 997)
No single metric tells the full story. See the FRA:8BA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bangkok Airways PCL is principally engaged in the provision of air transportation and airport services. It operates in three segments; The airline segment sells tickets and provides services to passengers, the airport segment provides location services for passengers and airlines, and the supporting airline business segment, which provides ground handling, cargo, and catering services for airlines and customers. The majority of its revenue is from the Airline segment. It mainly operates in Thailand.
67GF Score
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