MB Securities JSC (HSTC:MBS) ROC (Joel Greenblatt) %: 2,670.02% (As of Mar. 2026) — 165% 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.

HSTC:MBS MB Securities JSC HSTC:MBS
33 GF Score
Price ₫19,900.00
! 3 Warning Signs
View Full Analysis

What is MB Securities JSC ROC (Joel Greenblatt) %?

MB Securities JSC HSTC:MBS -1.97% 33 ROC (Joel Greenblatt) % is 2,670.02% as of Mar. 2026, which is 165% above its 10-year median of 1,009.09. GuruFocus rates HSTC:MBS with a GF Score™ of 33/100. The stock has 3 warning signs investors should review. Among 677 Capital Markets companies, MB Securities JSC ranks better than 95.57% 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. MB Securities JSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 2,670.02%.

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

HSTC:MBS' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 664.81   Med: 1009.09   Max: 2185.97
Current: 2185.97

During the past 3 years, MB Securities JSC's highest ROC (Joel Greenblatt) % was 2185.97%. The lowest was 664.81%. And the median was 1009.09%.

HSTC:MBS's ROC (Joel Greenblatt) % is ranked better than
95.57% of 677 companies
in the Capital Markets industry
Industry Median: 35.1 vs HSTC:MBS: 2185.97

MB Securities JSC's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


MB Securities JSC  (HSTC:MBS) 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.


MB Securities JSC ROC (Joel Greenblatt) % Related Terms


MB Securities JSC ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for MB Securities JSC'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.

MB Securities JSC ROC (Joel Greenblatt) % Chart

MB Securities JSC Annual Data
Trend Dec23 Dec24 Dec25
ROC (Joel Greenblatt) %
664.81 1,009.09 1,999.26

MB Securities JSC Quarterly Data
Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 1,560.77 1,450.79 2,305.43 2,523.46 2,670.02

HSTC:MBS vs MS, GS, SCHW: ROC (Joel Greenblatt) % Comparison

For the Capital Markets subindustry, MB Securities JSC'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.


MB Securities JSC ROC (Joel Greenblatt) % vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, MB Securities JSC's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where MB Securities JSC's ROC (Joel Greenblatt) % falls into.


HSTC:MBS
33GF Score
MB Securities JSC HSTC:MBS
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MB Securities JSC 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: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(31883.963 + 0 + 30157.259000003) - (386423.71 + 0 + 3103477.1)
=-3427859.588

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(29149.632 + 0 + 27902.579) - (325397.026 + 0 + 2455272.423)
=-2723617.238

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of MB Securities JSC 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: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2580626.196/( ( (98351.829 + max(-3427859.588, 0)) + (94952.407 + max(-2723617.238, 0)) )/ 2 )
=2580626.196/( ( 98351.829 + 94952.407 )/ 2 )
=2580626.196/96652.118
=2,670.02 %

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 2,670.02% mean?
MB Securities JSC (HSTC:MBS) has a ROC (Joel Greenblatt) % of 2,670.02% 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 MB Securities JSC and its competitors. This is 165% above median its historical median of 1,009.09. Over the past decade, MB Securities JSC's ROC (Joel Greenblatt) % has ranged from 664.81 to 2,185.97. According to the industry distribution chart, MB Securities JSC ranks #30 out of 677 companies in the Capital Markets industry, placing it in the top 4.4%.
Is MB Securities JSC's ROC (Joel Greenblatt) % too high?
MB Securities JSC's current ROC (Joel Greenblatt) % of 2,670.02% is 165% above median its 10-year median of 1,009.09. Over the past 10 years, this metric has ranged from a low of 664.81 to a high of 2,185.97. The Capital Markets industry median ROC (Joel Greenblatt) % is 35.10. MB Securities JSC's value of 2,670.02% is 7506.9% above this industry median. Based on the distribution chart, MB Securities JSC ranks #30 out of 677 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, MB Securities JSC has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does MB Securities JSC's ROC (Joel Greenblatt) % compare to MS and GS?
According to the Capital Markets industry distribution chart, MB Securities JSC ranks #30 out of 677 companies for ROC (Joel Greenblatt) %. This places MB Securities JSC in the top 4% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 35.10. MB Securities JSC's value of 2,670.02% is 7506.9% above this benchmark. Historically, MB Securities JSC's own ROC (Joel Greenblatt) % has ranged from 664.81 to 2,185.97 over the past decade. While the company's 10-year median is 1,009.09 vs. the industry median of 35.10, MB Securities JSC 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 Capital Markets company?
The median ROC (Joel Greenblatt) % among Capital Markets companies is 35.10, based on 677 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. MB Securities JSC's current ROC (Joel Greenblatt) % of 2,670.02% is 7506.9% 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 MB Securities JSC and its competitors. For the Capital Markets industry, the median ROC (Joel Greenblatt) % is 35.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MB Securities JSC's current ROC (Joel Greenblatt) % is 2,670.02%, which is 165% above median its own 10-year median of 1,009.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MB Securities JSC stock overvalued right now?
MB Securities JSC (HSTC:MBS) has a current ROC (Joel Greenblatt) % of 2,670.02%. The current ROC (Joel Greenblatt) % is 2,670.02%, which is 165% above median its 10-year median of 1,009.09 and 7506.9% above the Capital Markets industry median of 35.10. MB Securities JSC's overall GF Score™ is 33/100 with 3 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 MB Securities JSC (HSTC:MBS), the current ROC (Joel Greenblatt) % is 2,670.02% 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.

MB Securities JSC Business Description

Address 21 Cat Linh, Cat Linh Ward, 7th - 8th Floor, MB Building, Dong Da District, Hanoi, VNM
MB Securities JSC is a financial services company. It is engaged in providing personal and corporate customer services. Its services include securities brokerage, securities investment advisory, securities proprietary dealing, and securities depository services. The company offers services to individuals and organizations.
33GF Score

Get the complete analysis for HSTC:MBS

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

₫19,900.00
Price