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Khong GuanSGX:K03 71 ROC (Joel Greenblatt) % is 5.41% as of Jan. 2026, which is 80% above its 10-year median of 3.00. GuruFocus rates SGX:K03 with a GF Score™ of 71/100 and a GF Value™ of S$1.03 (Fairly Valued). The stock has 3 warning signs investors should review. Among 313 Retail - Defensive companies, Khong Guan ranks worse than 80.83% 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. Khong Guan's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2026 was 5.41%.
The historical rank and industry rank for Khong Guan's ROC (Joel Greenblatt) % or its related term are showing as below:
SGX:K03'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -3.88 Med: 3 Max: 12.97
Current: 0.64
During the past 13 years, Khong Guan's highest ROC (Joel Greenblatt) % was 12.97%. The lowest was -3.88%. And the median was 3.00%.
SGX:K03's ROC (Joel Greenblatt) % is ranked worse than 80.83% of 313
companies
in the Retail - Defensive industry
Industry Median: 13.84
vs SGX:K03: 0.64
Khong Guan's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% 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.
Khong Guan ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Khong Guan'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:K03 vs SYY, USFD, PFGC: ROC (Joel Greenblatt) % Comparison
For the Food Distribution subindustry, Khong Guan'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.
Khong Guan ROC (Joel Greenblatt) % vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Khong Guan's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Khong Guan'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 (Jan. 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 5.41% mean?
Khong Guan (SGX:K03) has a ROC (Joel Greenblatt) % of 5.41% as of Jan. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Khong Guan and its competitors. This is 80% above median its historical median of 3.00. According to the industry distribution chart, Khong Guan ranks #253 out of 313 companies in the Retail - Defensive industry, placing it in the top 80.8%.
Is Khong Guan's ROC (Joel Greenblatt) % too high?
Khong Guan's current ROC (Joel Greenblatt) % of 5.41% is 80% above median its 10-year median of 3.00. The Retail - Defensive industry median ROC (Joel Greenblatt) % is 13.84. Khong Guan's value of 5.41% is 60.9% below this industry median. Based on the distribution chart, Khong Guan ranks #253 out of 313 companies in the Retail - Defensive industry, which is in the bottom quartile relative to peers. Overall, Khong Guan has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Khong Guan's ROC (Joel Greenblatt) % compare to SYY and USFD?
According to the Retail - Defensive industry distribution chart, Khong Guan ranks #253 out of 313 companies for ROC (Joel Greenblatt) %. This places Khong Guan in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 13.84. Khong Guan's value of 5.41% is 60.9% below this benchmark. While the company's 10-year median is 3.00 vs. the industry median of 13.84, Khong Guan 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 Retail - Defensive company?
The median ROC (Joel Greenblatt) % among Retail - Defensive companies is 13.84, based on 313 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. Khong Guan's current ROC (Joel Greenblatt) % of 5.41% is 60.9% 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 Khong Guan and its competitors. For the Retail - Defensive industry, the median ROC (Joel Greenblatt) % is 13.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Khong Guan's current ROC (Joel Greenblatt) % is 5.41%, which is 80% above median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Khong Guan stock overvalued right now?
Based on GuruFocus' analysis, Khong Guan (SGX:K03) is currently considered Fairly Valued. The stock's GF Value™ is S$1.03, compared to a current price of S$0.99 — trading 3.9% below its estimated fair value. The current ROC (Joel Greenblatt) % is 5.41%, which is 80% above median its 10-year median of 3.00 and 60.9% below the Retail - Defensive industry median of 13.84. Khong Guan's overall GF Score™ is 71/100 with 3 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 Khong Guan (SGX:K03), the current ROC (Joel Greenblatt) % is 5.41% as of Jan. 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 Khong Guan (SGX:K03) Overvalued in 2026?
Based on GuruFocus' analysis, Khong Guan stock appears to be undervalued.
The current stock price of S$0.99 is trading 3.9% below its estimated GF Value™ of S$1.03.
GuruFocus considers Khong Guan to be Fairly Valued.
Key valuation signals for SGX:K03:
ROC (Joel Greenblatt) %: 5.41% (80% above median its 10-year median of 3.00)
GF Value™: S$1.03 vs. price of S$0.99 (3.9% below fair value)
Industry Position: 60.9% below the Retail - Defensive median (#253 of 313)
No single metric tells the full story. See the SGX:K03 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Khong Guan Ltd is a Singapore-based investment holding company. It has two reportable operating segments; Trading of wheat flour and consumer goods, which is engaged in trading of wheat flour and consumer goods in Singapore and Malaysia; and Others which is involved in trading and holding of quoted and unquoted shares in Singapore and Malaysia. The company generates maximum revenue from the Trading of wheat flour and consumer goods segment. Geographically, it derives a majority of its revenue from Malaysia and the rest from Singapore.
71GF Score
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