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Internet Thailand PCLFRA:IE2A 82 ROC (Joel Greenblatt) % is 22.89% as of Mar. 2026, which is 90% above its 10-year median of 12.07. GuruFocus rates FRA:IE2A with a GF Score™ of 82/100 and a GF Value™ of €0.14. The stock has 7 warning signs investors should review. Among 2,819 Software companies, Internet Thailand PCL ranks worse than 50.12% 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. Internet Thailand PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 22.89%.
The historical rank and industry rank for Internet Thailand PCL's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:IE2A'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 6.11 Med: 12.07 Max: 21.19
Current: 20.3
During the past 13 years, Internet Thailand PCL's highest ROC (Joel Greenblatt) % was 21.19%. The lowest was 6.11%. And the median was 12.07%.
FRA:IE2A's ROC (Joel Greenblatt) % is ranked worse than 50.12% of 2819
companies
in the Software industry
Industry Median: 20.42
vs FRA:IE2A: 20.30
Internet Thailand PCL's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 26.00% per year.
Internet Thailand PCL (FRA:IE2A) 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.
Internet Thailand PCL ROC (Joel Greenblatt) % Related Terms
Internet Thailand PCL ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Internet Thailand 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.
Internet Thailand PCL ROC (Joel Greenblatt) % Chart
FRA:IE2A vs IBM, ACN, FISV: ROC (Joel Greenblatt) % Comparison
For the Information Technology Services subindustry, Internet Thailand 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.
Internet Thailand PCL ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Internet Thailand PCL's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Internet Thailand PCL's ROC (Joel Greenblatt) % falls into.
Internet Thailand 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 22.89% mean?
Internet Thailand PCL (FRA:IE2A) has a ROC (Joel Greenblatt) % of 22.89% 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 Internet Thailand PCL and its competitors. This is 90% above median its historical median of 12.07. Over the past decade, Internet Thailand PCL's ROC (Joel Greenblatt) % has ranged from 6.11 to 21.19. According to the industry distribution chart, Internet Thailand PCL ranks #1413 out of 2819 companies in the Software industry, placing it in the top 50.1%.
Is Internet Thailand PCL's ROC (Joel Greenblatt) % too high?
Internet Thailand PCL's current ROC (Joel Greenblatt) % of 22.89% is 90% above median its 10-year median of 12.07. Over the past 10 years, this metric has ranged from a low of 6.11 to a high of 21.19. The Software industry median ROC (Joel Greenblatt) % is 20.42. Internet Thailand PCL's value of 22.89% is 12.1% above this industry median. Based on the distribution chart, Internet Thailand PCL ranks #1413 out of 2819 companies in the Software industry, which is below the industry midpoint. Overall, Internet Thailand PCL has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.
How does Internet Thailand PCL's ROC (Joel Greenblatt) % compare to IBM and ACN?
According to the Software industry distribution chart, Internet Thailand PCL ranks #1413 out of 2819 companies for ROC (Joel Greenblatt) %. This places Internet Thailand PCL in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 20.42. Internet Thailand PCL's value of 22.89% is 12.1% above this benchmark. Historically, Internet Thailand PCL's own ROC (Joel Greenblatt) % has ranged from 6.11 to 21.19 over the past decade. While the company's 10-year median is 12.07 vs. the industry median of 20.42, Internet Thailand 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 Software company?
The median ROC (Joel Greenblatt) % among Software companies is 20.42, based on 2,819 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. Internet Thailand PCL's current ROC (Joel Greenblatt) % of 22.89% is 12.1% 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 Internet Thailand PCL and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 20.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Internet Thailand PCL's current ROC (Joel Greenblatt) % is 22.89%, which is 90% above median its own 10-year median of 12.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Internet Thailand PCL stock overvalued right now?
Internet Thailand PCL (FRA:IE2A) has a current ROC (Joel Greenblatt) % of 22.89%. The stock's GF Value™ is €0.14, compared to a current price of €0.10 — trading 27.9% below its estimated fair value. The current ROC (Joel Greenblatt) % is 22.89%, which is 90% above median its 10-year median of 12.07 and 12.1% above the Software industry median of 20.42. Internet Thailand PCL's overall GF Score™ is 82/100 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 Internet Thailand PCL (FRA:IE2A), the current ROC (Joel Greenblatt) % is 22.89% 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 Internet Thailand PCL (FRA:IE2A) Overvalued in 2026?
Based on GuruFocus' analysis, Internet Thailand PCL stock appears to be undervalued.
The current stock price of €0.10 is trading 27.9% below its estimated GF Value™ of €0.14.
Key valuation signals for FRA:IE2A:
ROC (Joel Greenblatt) %: 22.89% (90% above median its 10-year median of 12.07)
GF Value™: €0.14 vs. price of €0.10 (27.9% below fair value)
Industry Position: 12.1% above the Software median (#1413 of 2819)
No single metric tells the full story. See the FRA:IE2A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Internet Thailand PCL is involved in IT business sector. The company's business is distinguished into groups, which are full Internet access business, data center, business solutions, cloud services, EDC network pool services, and software services. The Internet access business provides full Internet services for home access and business access along with a one-stop service. Its data center provides an Internet data center, which is an information center composed of a security center, disaster recovery center, Web hosting, dedicated server, and co-location. It operates in two business segments which are the Provision of internet access services (Access business); and Integrated services in relation to information and communication technologies (Business solutions).
82GF Score
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