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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. Lincotrade & Associates Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 81.19%.
The historical rank and industry rank for Lincotrade & Associates Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
SGX:BFT'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -509.91 Med: -7.38 Max: 72.23
Current: 61.49
During the past 13 years, Lincotrade & Associates Holdings's highest ROC (Joel Greenblatt) % was 72.23%. The lowest was -509.91%. And the median was -7.38%.
SGX:BFT's ROC (Joel Greenblatt) % is ranked better than 80.59% of 1788
companies
in the Construction industry
Industry Median: 19.305
vs SGX:BFT: 61.49
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.
SGX:BFT vs PWR, FIX, EME: ROC (Joel Greenblatt) % Comparison
For the Engineering & Construction subindustry, Lincotrade & Associates 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.
Lincotrade & Associates Holdings ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Lincotrade & Associates Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Lincotrade & Associates Holdings's ROC (Joel Greenblatt) % falls into.
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 81.19% mean?
Lincotrade & Associates Holdings (SGX:BFT) has a ROC (Joel Greenblatt) % of 81.19% 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 Lincotrade & Associates Holdings and its competitors. According to the industry distribution chart, Lincotrade & Associates Holdings ranks #347 out of 1788 companies in the Construction industry, placing it in the top 19.4%.
Is Lincotrade & Associates Holdings' ROC (Joel Greenblatt) % too high?
Lincotrade & Associates Holdings' current ROC (Joel Greenblatt) % is 81.19%. The Construction industry median ROC (Joel Greenblatt) % is 19.31. Lincotrade & Associates Holdings' value of 81.19% is 320.6% above this industry median. Based on the distribution chart, Lincotrade & Associates Holdings ranks #347 out of 1788 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Lincotrade & Associates Holdings has a GF Score™ of 31/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lincotrade & Associates Holdings' ROC (Joel Greenblatt) % compare to PWR and FIX?
According to the Construction industry distribution chart, Lincotrade & Associates Holdings ranks #347 out of 1788 companies for ROC (Joel Greenblatt) %. This places Lincotrade & Associates Holdings in the top 19% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 19.31. Lincotrade & Associates Holdings' value of 81.19% is 320.6% above this benchmark. 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 19.31, based on 1,788 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. Lincotrade & Associates Holdings's current ROC (Joel Greenblatt) % of 81.19% is 320.6% 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 Lincotrade & Associates Holdings and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lincotrade & Associates Holdings's current ROC (Joel Greenblatt) % is 81.19%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lincotrade & Associates Holdings stock overvalued right now?
Based on GuruFocus' analysis, Lincotrade & Associates Holdings (SGX:BFT) is currently considered Significantly Overvalued. The stock's GF Value™ is S$0.25, compared to a current price of S$0.36 — trading 44% above its estimated fair value. The current ROC (Joel Greenblatt) % is 81.19% and 320.6% above the Construction industry median of 19.31. Lincotrade & Associates Holdings' overall GF Score™ is 31/100 with 5 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 Lincotrade & Associates Holdings (SGX:BFT), the current ROC (Joel Greenblatt) % is 81.19% 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 Lincotrade & Associates Holdings (SGX:BFT) Overvalued in 2026?
Based on GuruFocus' analysis, Lincotrade & Associates Holdings stock appears to be overvalued.
The current stock price of S$0.36 is trading 44% above its estimated GF Value™ of S$0.25.
GuruFocus considers Lincotrade & Associates Holdings to be Significantly Overvalued.
Key valuation signals for SGX:BFT:
ROC (Joel Greenblatt) %: 81.19%
GF Value™: S$0.25 vs. price of S$0.36 (44% above fair value)
Industry Position: 320.6% above the Construction median (#347 of 1788)
No single metric tells the full story. See the SGX:BFT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lincotrade & Associates Holdings Ltd specializes in interior fitting out services, additions and alterations ("A&A") works, and other building construction services. Its segments include commercial premises, such as offices, hotels, shopping malls, and food and beverage establishments; residential premises such as condominium developments; and show flats and sales galleries. The company generates the majority of its revenue from commercial premises. Geographically the company operates in Singapore.
31GF Score
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