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Phoenix Asia HoldingsPHOE -11.39%24 ROC (Joel Greenblatt) % is 19.18% as of Sep. 2025, which is 92% below its 10-year median of 247.24. GuruFocus rates PHOE with a GF Score™ of 24/100. The stock has 1 warning sign investors should review. Among 1,779 Construction companies, Phoenix Asia Holdings ranks better than 73.41% 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. Phoenix Asia Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 was 19.18%.
The historical rank and industry rank for Phoenix Asia Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
PHOE'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 43.53 Med: 247.24 Max: 273.43
Current: 43.53
During the past 3 years, Phoenix Asia Holdings's highest ROC (Joel Greenblatt) % was 273.43%. The lowest was 43.53%. And the median was 247.24%.
PHOE's ROC (Joel Greenblatt) % is ranked better than 73.41% of 1779
companies
in the Construction industry
Industry Median: 19.68
vs PHOE: 43.53
Phoenix Asia Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Phoenix Asia Holdings (NAS:PHOE) 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.
Phoenix Asia Holdings ROC (Joel Greenblatt) % Related Terms
Phoenix Asia Holdings ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Phoenix Asia 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.
Phoenix Asia Holdings ROC (Joel Greenblatt) % Chart
PHOE vs ESOA, MTRX, MCDIF: ROC (Joel Greenblatt) % Comparison
For the Engineering & Construction subindustry, Phoenix Asia 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.
Phoenix Asia Holdings ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Phoenix Asia Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Phoenix Asia Holdings's ROC (Joel Greenblatt) % falls into.
Phoenix Asia 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 (Sep. 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 19.18% mean?
Phoenix Asia Holdings (PHOE) has a ROC (Joel Greenblatt) % of 19.18% as of Sep. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Phoenix Asia Holdings and its competitors. This is 92% below median its historical median of 247.24. Over the past decade, Phoenix Asia Holdings' ROC (Joel Greenblatt) % has ranged from 43.53 to 273.43. According to the industry distribution chart, Phoenix Asia Holdings ranks #473 out of 1779 companies in the Construction industry, placing it in the top 26.6%.
Is Phoenix Asia Holdings' ROC (Joel Greenblatt) % too high?
Phoenix Asia Holdings' current ROC (Joel Greenblatt) % of 19.18% is 92% below median its 10-year median of 247.24. Over the past 10 years, this metric has ranged from a low of 43.53 to a high of 273.43. The Construction industry median ROC (Joel Greenblatt) % is 19.68. Phoenix Asia Holdings' value of 19.18% is 2.5% below this industry median. Based on the distribution chart, Phoenix Asia Holdings ranks #473 out of 1779 companies in the Construction industry, which is above the industry midpoint. Overall, Phoenix Asia Holdings has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Phoenix Asia Holdings' ROC (Joel Greenblatt) % compare to ESOA and MTRX?
According to the Construction industry distribution chart, Phoenix Asia Holdings ranks #473 out of 1779 companies for ROC (Joel Greenblatt) %. This puts Phoenix Asia Holdings in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 19.68. Phoenix Asia Holdings' value of 19.18% is 2.5% below this benchmark. Historically, Phoenix Asia Holdings' own ROC (Joel Greenblatt) % has ranged from 43.53 to 273.43 over the past decade. While the company's 10-year median is 247.24 vs. the industry median of 19.68, Phoenix Asia Holdings has consistently been below 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 Construction company?
The median ROC (Joel Greenblatt) % among Construction companies is 19.68, based on 1,779 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. Phoenix Asia Holdings's current ROC (Joel Greenblatt) % of 19.18% is 2.5% below 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 Phoenix Asia Holdings and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Phoenix Asia Holdings's current ROC (Joel Greenblatt) % is 19.18%, which is 92% below median its own 10-year median of 247.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Phoenix Asia Holdings stock overvalued right now?
Phoenix Asia Holdings (PHOE) has a current ROC (Joel Greenblatt) % of 19.18%. The current ROC (Joel Greenblatt) % is 19.18%, which is 92% below median its 10-year median of 247.24 and 2.5% below the Construction industry median of 19.68. Phoenix Asia Holdings' overall GF Score™ is 24/100 with 1 warning sign 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 Phoenix Asia Holdings (PHOE), the current ROC (Joel Greenblatt) % is 19.18% as of Sep. 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.
Phoenix Asia Holdings Ltd operates its business through its indirectly wholly-owned Operating Subsidiary, It is engaged in substructure works, such as site formation, ground investigation and foundation works, in Hong Kong. To a lesser extent, the company also provides other construction services such as structural steelworks.
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