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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. THAC Group (Holdings)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -44.28%.
The historical rank and industry rank for THAC Group (Holdings)'s ROC (Joel Greenblatt) % or its related term are showing as below:
HKSE:08232'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -99.83 Med: -58.04 Max: 16.05
Current: -42.34
During the past 11 years, THAC Group (Holdings)'s highest ROC (Joel Greenblatt) % was 16.05%. The lowest was -99.83%. And the median was -58.04%.
HKSE:08232's ROC (Joel Greenblatt) % is ranked worse than 91.48% of 364
companies
in the Restaurants industry
Industry Median: 8.74
vs HKSE:08232: -42.34
THAC Group (Holdings)'s 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -23.60% per year.
THAC Group (Holdings) (HKSE:08232) 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.
THAC Group (Holdings) ROC (Joel Greenblatt) % Related Terms
THAC Group (Holdings) ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for THAC Group (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.
THAC Group (Holdings) ROC (Joel Greenblatt) % Chart
HKSE:08232 vs MCD, SBUX, CMG: ROC (Joel Greenblatt) % Comparison
For the Restaurants subindustry, THAC Group (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.
THAC Group (Holdings) ROC (Joel Greenblatt) % vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, THAC Group (Holdings)'s ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where THAC Group (Holdings)'s ROC (Joel Greenblatt) % falls into.
THAC Group (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 -44.28% mean?
THAC Group (Holdings) (HKSE:08232) has a ROC (Joel Greenblatt) % of -44.28% 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 THAC Group (Holdings) and its competitors. According to the industry distribution chart, THAC Group (Holdings) ranks #333 out of 364 companies in the Restaurants industry, placing it in the top 91.5%.
Is THAC Group (Holdings)'s ROC (Joel Greenblatt) % too high?
THAC Group (Holdings)'s current ROC (Joel Greenblatt) % is -44.28%. Based on the distribution chart, THAC Group (Holdings) ranks #333 out of 364 companies in the Restaurants industry, which is in the bottom quartile relative to peers. Overall, THAC Group (Holdings) has a GF Score™ of 25/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does THAC Group (Holdings)'s ROC (Joel Greenblatt) % compare to MCD and SBUX?
According to the Restaurants industry distribution chart, THAC Group (Holdings) ranks #333 out of 364 companies for ROC (Joel Greenblatt) %. This places THAC Group (Holdings) in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 8.74. 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 Restaurants company?
The median ROC (Joel Greenblatt) % among Restaurants companies is 8.74, based on 364 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. 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 THAC Group (Holdings) and its competitors. For the Restaurants industry, the median ROC (Joel Greenblatt) % is 8.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. THAC Group (Holdings)'s current ROC (Joel Greenblatt) % is -44.28%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is THAC Group (Holdings) stock overvalued right now?
Based on GuruFocus' analysis, THAC Group (Holdings) (HKSE:08232) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.25, compared to a current price of HK$0.83 — trading 230% above its estimated fair value. The current ROC (Joel Greenblatt) % is -44.28%. THAC Group (Holdings)'s overall GF Score™ is 25/100 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 THAC Group (Holdings) (HKSE:08232), the current ROC (Joel Greenblatt) % is -44.28% 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 THAC Group (Holdings) (HKSE:08232) Overvalued in 2026?
Based on GuruFocus' analysis, THAC Group (Holdings) stock appears to be overvalued.
The current stock price of HK$0.83 is trading 230% above its estimated GF Value™ of HK$0.25.
GuruFocus considers THAC Group (Holdings) to be Significantly Overvalued.
Key valuation signals for HKSE:08232:
ROC (Joel Greenblatt) %: -44.28%
GF Value™: HK$0.25 vs. price of HK$0.83 (230% above fair value)
No single metric tells the full story. See the HKSE:08232 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
THAC Group (Holdings) Ltd, formerly known as Classified Group (Holdings) Ltd is a food and beverage company. It is engaged in the Casual restaurant operations segment in which customers would place orders at the front desk and basic table service is provided by the delivery of ordered food to the table. The casual restaurants plans to provide a more casual and relaxing atmosphere. All the group's operations are located in Hong Kong.
25GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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