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Deep Source HoldingsFRA:TM4C 53 ROC (Joel Greenblatt) % is 48.05% as of Dec. 2025, which is 49% above its 10-year median of 32.20. GuruFocus rates FRA:TM4C with a GF Score™ of 53/100 and a GF Value™ of €0.02. The stock has 7 warning signs investors should review. Among 633 Steel companies, Deep Source Holdings ranks better than 94.47% 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. Deep Source Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 48.05%.
The historical rank and industry rank for Deep Source Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:TM4C'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -28.05 Med: 32.2 Max: 61.79
Current: 44.03
During the past 13 years, Deep Source Holdings's highest ROC (Joel Greenblatt) % was 61.79%. The lowest was -28.05%. And the median was 32.20%.
FRA:TM4C's ROC (Joel Greenblatt) % is ranked better than 94.47% of 633
companies
in the Steel industry
Industry Median: 7.27
vs FRA:TM4C: 44.03
Deep Source Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -9.00% per year.
Deep Source Holdings (FRA:TM4C) 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.
Deep Source Holdings ROC (Joel Greenblatt) % Related Terms
Deep Source Holdings ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Deep Source Holdings'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.
Deep Source Holdings ROC (Joel Greenblatt) % Chart
FRA:TM4C vs NUE, STLD, RS: ROC (Joel Greenblatt) % Comparison
For the Steel subindustry, Deep Source Holdings'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.
Deep Source Holdings ROC (Joel Greenblatt) % vs Steel Industry
For the Steel industry and Basic Materials sector, Deep Source Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Deep Source Holdings's ROC (Joel Greenblatt) % falls into.
Deep Source Holdings 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 two times the semi-annual (Dec. 2025) 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 48.05% mean?
Deep Source Holdings (FRA:TM4C) has a ROC (Joel Greenblatt) % of 48.05% as of Dec. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Deep Source Holdings and its competitors. This is 49% above median its historical median of 32.20. According to the industry distribution chart, Deep Source Holdings ranks #35 out of 633 companies in the Steel industry, placing it in the top 5.5%.
Is Deep Source Holdings' ROC (Joel Greenblatt) % too high?
Deep Source Holdings' current ROC (Joel Greenblatt) % of 48.05% is 49% above median its 10-year median of 32.20. The Steel industry median ROC (Joel Greenblatt) % is 7.27. Deep Source Holdings' value of 48.05% is 560.9% above this industry median. Based on the distribution chart, Deep Source Holdings ranks #35 out of 633 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Deep Source Holdings has a GF Score™ of 53/100, reflecting its overall financial health beyond just this single metric.
How does Deep Source Holdings' ROC (Joel Greenblatt) % compare to NUE and STLD?
According to the Steel industry distribution chart, Deep Source Holdings ranks #35 out of 633 companies for ROC (Joel Greenblatt) %. This places Deep Source Holdings in the top 6% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 7.27. Deep Source Holdings' value of 48.05% is 560.9% above this benchmark. While the company's 10-year median is 32.20 vs. the industry median of 7.27, Deep Source Holdings 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 Steel company?
The median ROC (Joel Greenblatt) % among Steel companies is 7.27, based on 633 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. Deep Source Holdings's current ROC (Joel Greenblatt) % of 48.05% is 560.9% 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 Deep Source Holdings and its competitors. For the Steel industry, the median ROC (Joel Greenblatt) % is 7.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Deep Source Holdings's current ROC (Joel Greenblatt) % is 48.05%, which is 49% above median its own 10-year median of 32.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Deep Source Holdings stock overvalued right now?
Deep Source Holdings (FRA:TM4C) has a current ROC (Joel Greenblatt) % of 48.05%. The stock's GF Value™ is €0.02, compared to a current price of €0.06 — trading 185% above its estimated fair value. The current ROC (Joel Greenblatt) % is 48.05%, which is 49% above median its 10-year median of 32.20 and 560.9% above the Steel industry median of 7.27. Deep Source Holdings' overall GF Score™ is 53/100 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 Deep Source Holdings (FRA:TM4C), the current ROC (Joel Greenblatt) % is 48.05% as of Dec. 2025. 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 Deep Source Holdings (FRA:TM4C) Overvalued in 2026?
Based on GuruFocus' analysis, Deep Source Holdings stock appears to be overvalued.
The current stock price of €0.06 is trading 185% above its estimated GF Value™ of €0.02.
Key valuation signals for FRA:TM4C:
ROC (Joel Greenblatt) %: 48.05% (49% above median its 10-year median of 32.20)
GF Value™: €0.02 vs. price of €0.06 (185% above fair value)
Industry Position: 560.9% above the Steel median (#35 of 633)
No single metric tells the full story. See the FRA:TM4C stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Deep Source Holdings Ltd and its subsidiaries are principally engaged in two business segments. The distribution, trading, and processing business segment involves the distribution, trading, and processing of bulk commodities and related products in Hong Kong, Singapore, and the People's Republic of China. Financial services business segment that involves the provision of securities and derivatives financial services, margin financing, and fund management in Hong Kong and Singapore. It generates a vast majority of revenues from the distribution, trading, and processing segment in Singapore.
53GF Score
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