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Tung Lok Restaurants(2000)SGX:540 ROC (Joel Greenblatt) % is 9.03% as of Mar. 2026, which is 785% above its 10-year median of 1.02. The stock has 3 warning signs investors should review. Among 364 Restaurants companies, Tung Lok Restaurants(2000) ranks worse than 76.1% 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. Tung Lok Restaurants(2000)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 9.03%.
The historical rank and industry rank for Tung Lok Restaurants(2000)'s ROC (Joel Greenblatt) % or its related term are showing as below:
SGX:540'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -18.47 Med: 1.02 Max: 26.59
Current: -3.3
During the past 13 years, Tung Lok Restaurants(2000)'s highest ROC (Joel Greenblatt) % was 26.59%. The lowest was -18.47%. And the median was 1.02%.
SGX:540's ROC (Joel Greenblatt) % is ranked worse than 76.1% of 364
companies
in the Restaurants industry
Industry Median: 8.545
vs SGX:540: -3.30
Tung Lok Restaurants(2000) (SGX:540) 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.
Tung Lok Restaurants(2000) ROC (Joel Greenblatt) % Chart
SGX:540 vs MCD, SBUX, YUM: ROC (Joel Greenblatt) % Comparison
For the Restaurants subindustry, Tung Lok Restaurants(2000)'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.
Tung Lok Restaurants(2000) ROC (Joel Greenblatt) % vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Tung Lok Restaurants(2000)'s ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Tung Lok Restaurants(2000)'s ROC (Joel Greenblatt) % falls into.
Tung Lok Restaurants(2000) 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 (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 9.03% mean?
Tung Lok Restaurants(2000) (SGX:540) has a ROC (Joel Greenblatt) % of 9.03% 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 Tung Lok Restaurants(2000) and its competitors. This is 785% above median its historical median of 1.02. According to the industry distribution chart, Tung Lok Restaurants(2000) ranks #277 out of 364 companies in the Restaurants industry, placing it in the top 76.1%.
Is Tung Lok Restaurants(2000)'s ROC (Joel Greenblatt) % too high?
Tung Lok Restaurants(2000)'s current ROC (Joel Greenblatt) % of 9.03% is 785% above median its 10-year median of 1.02. The Restaurants industry median ROC (Joel Greenblatt) % is 8.55. Tung Lok Restaurants(2000)'s value of 9.03% is 5.7% above this industry median. Based on the distribution chart, Tung Lok Restaurants(2000) ranks #277 out of 364 companies in the Restaurants industry, which is in the bottom quartile relative to peers.
How does Tung Lok Restaurants(2000)'s ROC (Joel Greenblatt) % compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Tung Lok Restaurants(2000) ranks #277 out of 364 companies for ROC (Joel Greenblatt) %. This places Tung Lok Restaurants(2000) in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 8.55. Tung Lok Restaurants(2000)'s value of 9.03% is 5.7% above this benchmark. While the company's 10-year median is 1.02 vs. the industry median of 8.55, Tung Lok Restaurants(2000) 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 Restaurants company?
The median ROC (Joel Greenblatt) % among Restaurants companies is 8.55, 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. Tung Lok Restaurants(2000)'s current ROC (Joel Greenblatt) % of 9.03% is 5.7% 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 Tung Lok Restaurants(2000) and its competitors. For the Restaurants industry, the median ROC (Joel Greenblatt) % is 8.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tung Lok Restaurants(2000)'s current ROC (Joel Greenblatt) % is 9.03%, which is 785% above median its own 10-year median of 1.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tung Lok Restaurants(2000) stock overvalued right now?
Based on GuruFocus' analysis, Tung Lok Restaurants(2000) (SGX:540) is currently considered Modestly Undervalued. The stock's GF Value™ is S$0.09, compared to a current price of S$0.08 — trading 16.7% below its estimated fair value. The current ROC (Joel Greenblatt) % is 9.03%, which is 785% above median its 10-year median of 1.02 and 5.7% above the Restaurants industry median of 8.55. 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 Tung Lok Restaurants(2000) (SGX:540), the current ROC (Joel Greenblatt) % is 9.03% 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.
Tung Lok Restaurants(2000) Ltd operates restaurant chains. In addition, the company also provides outdoor events catering services. Its restaurants include LingZhi Vegetarian, Dancing Crab, TungLok Teahouse, Slappy Cakes, My Humble House, and TungLok Signatures. The company generates the majority of its revenue from Singapore. It operates in the business segments namely; Restaurant, Catering, Manufacturing, and Other. The Restaurant segment generates the majority of revenue for the company.
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