Singapore Shipping (FRA:W1M) ROC (Joel Greenblatt) %: 14.33% (As of Mar. 2026) — 60% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:W1M Singapore Shipping Corp Ltd FRA:W1M
59 GF Score
Price €0.19
GF Value €0.16
Valuation Modestly Overvalued
! 8 Warning Signs
View Full Analysis

What is Singapore Shipping ROC (Joel Greenblatt) %?

Singapore Shipping FRA:W1M 59 ROC (Joel Greenblatt) % is 14.33% as of Mar. 2026, which is 60% above its 10-year median of 8.94. GuruFocus rates FRA:W1M with a GF Score™ of 59/100 and a GF Value™ of €0.16 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 999 Transportation companies, Singapore Shipping ranks better than 63.46% 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. Singapore Shipping's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 14.33%.

The historical rank and industry rank for Singapore Shipping's ROC (Joel Greenblatt) % or its related term are showing as below:

FRA:W1M' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 7.5   Med: 8.94   Max: 16.5
Current: 16.5

During the past 13 years, Singapore Shipping's highest ROC (Joel Greenblatt) % was 16.50%. The lowest was 7.50%. And the median was 8.94%.

FRA:W1M's ROC (Joel Greenblatt) % is ranked better than
63.46% of 999 companies
in the Transportation industry
Industry Median: 11.65 vs FRA:W1M: 16.50

Singapore Shipping's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 10.90% per year.


Singapore Shipping  (FRA:W1M) 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.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


Singapore Shipping ROC (Joel Greenblatt) % Related Terms


Singapore Shipping ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Singapore Shipping'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.

Singapore Shipping ROC (Joel Greenblatt) % Chart

Singapore Shipping Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.37 10.91 8.97 11.45 16.18

Singapore Shipping Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.20 14.78 7.84 18.33 14.33

Singapore Shipping ROC (Joel Greenblatt) % Competitor Comparison

For the Marine Shipping subindustry, Singapore Shipping'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.


Singapore Shipping ROC (Joel Greenblatt) % vs Transportation Industry

For the Transportation industry and Industrials sector, Singapore Shipping's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Singapore Shipping's ROC (Joel Greenblatt) % falls into.


FRA:W1M
59GF Score
Singapore Shipping Corp Ltd FRA:W1M
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Singapore Shipping 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:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

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.

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2.855 + 0.275 + 0.29000000000001) - (5.626 + 0 + 1.7763568394003E-15)
=-2.206

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.997 + 0.275 + 1.024) - (1.572 + 0 + 4.745)
=-3.021

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Singapore Shipping for the quarter that ended in Mar. 2026 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=12.424/( ( (87.712 + max(-2.206, 0)) + (85.677 + max(-3.021, 0)) )/ 2 )
=12.424/( ( 87.712 + 85.677 )/ 2 )
=12.424/86.6945
=14.33 %

Note: The EBIT data used here is two times the semi-annual (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 14.33% mean?
Singapore Shipping (FRA:W1M) has a ROC (Joel Greenblatt) % of 14.33% 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 Singapore Shipping and its competitors. This is 60% above median its historical median of 8.94. Over the past decade, Singapore Shipping's ROC (Joel Greenblatt) % has ranged from 7.50 to 16.50. According to the industry distribution chart, Singapore Shipping ranks #365 out of 999 companies in the Transportation industry, placing it in the top 36.5%.
Is Singapore Shipping's ROC (Joel Greenblatt) % too high?
Singapore Shipping's current ROC (Joel Greenblatt) % of 14.33% is 60% above median its 10-year median of 8.94. Over the past 10 years, this metric has ranged from a low of 7.50 to a high of 16.50. The Transportation industry median ROC (Joel Greenblatt) % is 11.65. Singapore Shipping's value of 14.33% is 23% above this industry median. Based on the distribution chart, Singapore Shipping ranks #365 out of 999 companies in the Transportation industry, which is above the industry midpoint. Overall, Singapore Shipping has a GF Score™ of 59/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Singapore Shipping's ROC (Joel Greenblatt) % compare to competitors?
According to the Transportation industry distribution chart, Singapore Shipping ranks #365 out of 999 companies for ROC (Joel Greenblatt) %. This puts Singapore Shipping in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.65. Singapore Shipping's value of 14.33% is 23% above this benchmark. Historically, Singapore Shipping's own ROC (Joel Greenblatt) % has ranged from 7.50 to 16.50 over the past decade. While the company's 10-year median is 8.94 vs. the industry median of 11.65, Singapore Shipping 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 11.65, based on 999 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. Singapore Shipping's current ROC (Joel Greenblatt) % of 14.33% is 23% 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 Singapore Shipping and its competitors. For the Transportation industry, the median ROC (Joel Greenblatt) % is 11.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Singapore Shipping's current ROC (Joel Greenblatt) % is 14.33%, which is 60% above median its own 10-year median of 8.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Singapore Shipping stock overvalued right now?
Based on GuruFocus' analysis, Singapore Shipping (FRA:W1M) is currently considered Modestly Overvalued. The stock's GF Value™ is €0.16, compared to a current price of €0.19 — trading 21.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is 14.33%, which is 60% above median its 10-year median of 8.94 and 23% above the Transportation industry median of 11.65. Singapore Shipping's overall GF Score™ is 59/100 with 8 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 Singapore Shipping (FRA:W1M), the current ROC (Joel Greenblatt) % is 14.33% 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 Singapore Shipping (FRA:W1M) Overvalued in 2026?

Based on GuruFocus' analysis, Singapore Shipping stock appears to be overvalued. The current stock price of €0.19 is trading 21.3% above its estimated GF Value™ of €0.16. GuruFocus considers Singapore Shipping to be Modestly Overvalued.

Key valuation signals for FRA:W1M:

  • ROC (Joel Greenblatt) %: 14.33% (60% above median its 10-year median of 8.94)
  • GF Value™: €0.16 vs. price of €0.19 (21.3% above fair value)
  • GF Score™: 59/100 with 8 warning signs
  • Industry Position: 23% above the Transportation median (#365 of 999)

No single metric tells the full story. See the FRA:W1M stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Singapore Shipping Business Description

Other Exchanges S19:Singapore
Address 200 Cantonment Road, No. 09-01 Southpoint, Singapore, SGP, 089763
Singapore Shipping Corp Ltd is a shipping company. It operates in two segments: Ship owning segment which includes ship owning and ship management, and Agency and logistics segment that includes shipping agency, terminal operations, warehousing, and logistics services. The company generates the majority of the revenue from the Ship owning segment. Further, it also operates in geographical segments like Japan, Singapore, and other countries. It generates the majority of its revenues from Japan.
59GF Score

Get the complete analysis for FRA:W1M

ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€0.19
Price
€0.16
GF Value