Top Line Business DevelopmentPHS:TOP 5 ROC (Joel Greenblatt) % is 14.93% as of Mar. 2026, which is 18% above its 10-year median of 12.64. GuruFocus rates PHS:TOP with a GF Score™ of 5/100. The stock has 2 warning signs investors should review. Among 1,123 Retail - Cyclical companies, Top Line Business Development ranks worse than 50.49% 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. Top Line Business Development's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 14.93%.
The historical rank and industry rank for Top Line Business Development's ROC (Joel Greenblatt) % or its related term are showing as below:
PHS:TOP'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 11.46 Med: 12.64 Max: 14.51
Current: 11.46
During the past 5 years, Top Line Business Development's highest ROC (Joel Greenblatt) % was 14.51%. The lowest was 11.46%. And the median was 12.64%.
PHS:TOP's ROC (Joel Greenblatt) % is ranked worse than 50.49% of 1123
companies
in the Retail - Cyclical industry
Industry Median: 11.57
vs PHS:TOP: 11.46
Top Line Business Development (PHS:TOP) 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.
* 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.
Top Line Business Development ROC (Joel Greenblatt) % Chart
PHS:TOP vs CASY, WSM, ULTA: ROC (Joel Greenblatt) % Comparison
For the Specialty Retail subindustry, Top Line Business Development'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.
Top Line Business Development ROC (Joel Greenblatt) % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Top Line Business Development's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Top Line Business Development's ROC (Joel Greenblatt) % falls into.
Top Line Business Development 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 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 14.93% mean?
Top Line Business Development (PHS:TOP) has a ROC (Joel Greenblatt) % of 14.93% 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 Top Line Business Development and its competitors. This is 18% above median its historical median of 12.64. Over the past decade, Top Line Business Development's ROC (Joel Greenblatt) % has ranged from 11.46 to 14.51. According to the industry distribution chart, Top Line Business Development ranks #567 out of 1123 companies in the Retail - Cyclical industry, placing it in the top 50.5%.
Is Top Line Business Development's ROC (Joel Greenblatt) % too high?
Top Line Business Development's current ROC (Joel Greenblatt) % of 14.93% is 18% above median its 10-year median of 12.64. Over the past 10 years, this metric has ranged from a low of 11.46 to a high of 14.51. The Retail - Cyclical industry median ROC (Joel Greenblatt) % is 11.57. Top Line Business Development's value of 14.93% is 29% above this industry median. Based on the distribution chart, Top Line Business Development ranks #567 out of 1123 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Top Line Business Development has a GF Score™ of 5/100, reflecting its overall financial health beyond just this single metric.
How does Top Line Business Development's ROC (Joel Greenblatt) % compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Top Line Business Development ranks #567 out of 1123 companies for ROC (Joel Greenblatt) %. This places Top Line Business Development in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 11.57. Top Line Business Development's value of 14.93% is 29% above this benchmark. Historically, Top Line Business Development's own ROC (Joel Greenblatt) % has ranged from 11.46 to 14.51 over the past decade. While the company's 10-year median is 12.64 vs. the industry median of 11.57, Top Line Business Development 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 Retail - Cyclical company?
The median ROC (Joel Greenblatt) % among Retail - Cyclical companies is 11.57, based on 1,123 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. Top Line Business Development's current ROC (Joel Greenblatt) % of 14.93% is 29% 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 Top Line Business Development and its competitors. For the Retail - Cyclical industry, the median ROC (Joel Greenblatt) % is 11.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Top Line Business Development's current ROC (Joel Greenblatt) % is 14.93%, which is 18% above median its own 10-year median of 12.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Top Line Business Development stock overvalued right now?
Top Line Business Development (PHS:TOP) has a current ROC (Joel Greenblatt) % of 14.93%. The current ROC (Joel Greenblatt) % is 14.93%, which is 18% above median its 10-year median of 12.64 and 29% above the Retail - Cyclical industry median of 11.57. Top Line Business Development's overall GF Score™ is 5/100 with 2 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 Top Line Business Development (PHS:TOP), the current ROC (Joel Greenblatt) % is 14.93% 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.
Top Line Business Development Business Description
Top Line Business Development Corp is providing consistent and reliable fuel solutions that power industries with efficiency and sustainability. It is mainly focused on its vertically integrated liquid fuels business, with an emphasis on the underserved Central Visayas region. The company is engaged in the business of petroleum and petroleum products, mineral oils, and other sources of energy.
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