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.
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.
XMH HoldingsSGX:BQF 58 ROC (Joel Greenblatt) % is 69.97% as of Apr. 2026, which is 1113% above its 10-year median of 5.77. GuruFocus rates SGX:BQF with a GF Score™ of 58/100 and a GF Value™ of S$0.22 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 3,076 Industrial Products companies, XMH Holdings ranks better than 94.83% 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. XMH Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was 69.97%.
The historical rank and industry rank for XMH Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
SGX:BQF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -8.66 Med: 5.77 Max: 85.46
Current: 79.49
During the past 13 years, XMH Holdings's highest ROC (Joel Greenblatt) % was 85.46%. The lowest was -8.66%. And the median was 5.77%.
SGX:BQF's ROC (Joel Greenblatt) % is ranked better than 94.83% of 3076
companies
in the Industrial Products industry
Industry Median: 11.975
vs SGX:BQF: 79.49
XMH Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 100.00% per year.
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.
XMH Holdings ROC (Joel Greenblatt) % Related Terms
XMH Holdings ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for XMH 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.
SGX:BQF vs GEV, ETN, PH: ROC (Joel Greenblatt) % Comparison
For the Specialty Industrial Machinery subindustry, XMH 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.
XMH Holdings ROC (Joel Greenblatt) % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, XMH Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where XMH 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 (Apr. 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 69.97% mean?
XMH Holdings (SGX:BQF) has a ROC (Joel Greenblatt) % of 69.97% as of Apr. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on XMH Holdings and its competitors. This is 1113% above median its historical median of 5.77. According to the industry distribution chart, XMH Holdings ranks #159 out of 3076 companies in the Industrial Products industry, placing it in the top 5.2%.
Is XMH Holdings' ROC (Joel Greenblatt) % too high?
XMH Holdings' current ROC (Joel Greenblatt) % of 69.97% is 1113% above median its 10-year median of 5.77. The Industrial Products industry median ROC (Joel Greenblatt) % is 11.98. XMH Holdings' value of 69.97% is 484.3% above this industry median. Based on the distribution chart, XMH Holdings ranks #159 out of 3076 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, XMH Holdings has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does XMH Holdings' ROC (Joel Greenblatt) % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, XMH Holdings ranks #159 out of 3076 companies for ROC (Joel Greenblatt) %. This places XMH Holdings in the top 5% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.98. XMH Holdings' value of 69.97% is 484.3% above this benchmark. While the company's 10-year median is 5.77 vs. the industry median of 11.98, XMH Holdings 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 an Industrial Products company?
The median ROC (Joel Greenblatt) % among Industrial Products companies is 11.98, based on 3,076 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. XMH Holdings's current ROC (Joel Greenblatt) % of 69.97% is 484.3% 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 XMH Holdings and its competitors. For the Industrial Products industry, the median ROC (Joel Greenblatt) % is 11.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. XMH Holdings's current ROC (Joel Greenblatt) % is 69.97%, which is 1113% above median its own 10-year median of 5.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is XMH Holdings stock overvalued right now?
Based on GuruFocus' analysis, XMH Holdings (SGX:BQF) is currently considered Significantly Overvalued. The stock's GF Value™ is S$0.22, compared to a current price of S$0.52 — trading 136.4% above its estimated fair value. The current ROC (Joel Greenblatt) % is 69.97%, which is 1113% above median its 10-year median of 5.77 and 484.3% above the Industrial Products industry median of 11.98. XMH Holdings' overall GF Score™ is 58/100 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 XMH Holdings (SGX:BQF), the current ROC (Joel Greenblatt) % is 69.97% as of Apr. 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.
Is XMH Holdings (SGX:BQF) Overvalued in 2026?
Based on GuruFocus' analysis, XMH Holdings stock appears to be overvalued.
The current stock price of S$0.52 is trading 136.4% above its estimated GF Value™ of S$0.22.
GuruFocus considers XMH Holdings to be Significantly Overvalued.
Key valuation signals for SGX:BQF:
ROC (Joel Greenblatt) %: 69.97% (1113% above median its 10-year median of 5.77)
GF Value™: S$0.22 vs. price of S$0.52 (136.4% above fair value)
Industry Position: 484.3% above the Industrial Products median (#159 of 3076)
No single metric tells the full story. See the SGX:BQF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
XMH Holdings Ltd is an investment holding company. Along with its subsidiaries, the firm is predominantly engaged as a diesel engine, propulsion, and power generating solutions provider to customers in the marine and industrial sectors across Asia. Its reportable segments are; Distribution, After-sales, and Project. The maximum revenue is generated from its Distribution segment which comprises distribution of propulsion engines. The After-sales segment relates to after-sales services provided which includes services/jobs, sales of spare parts, and other trading; and the Project segment relates to manufacturing, sales, and commission of power generator sets and the manufacturing of marine equipment and related repair services. Geographically, it derives key revenue from Indonesia.
58GF Score
Get the complete analysis for SGX:BQF
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SGX:BQF has been successfully added to your 
