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Malaysia Smelting BhdSGX:NPW +0.88%73 ROC (Joel Greenblatt) % is 35.00% as of Mar. 2026, which is 105% above its 10-year median of 17.05. GuruFocus rates SGX:NPW with a GF Score™ of 73/100 and a GF Value™ of S$0.46 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 2,505 Metals & Mining companies, Malaysia Smelting Bhd ranks better than 87.11% 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. Malaysia Smelting Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 35.00%.
The historical rank and industry rank for Malaysia Smelting Bhd's ROC (Joel Greenblatt) % or its related term are showing as below:
SGX:NPW'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 6.12 Med: 17.05 Max: 22.77
Current: 22.77
During the past 13 years, Malaysia Smelting Bhd's highest ROC (Joel Greenblatt) % was 22.77%. The lowest was 6.12%. And the median was 17.05%.
SGX:NPW's ROC (Joel Greenblatt) % is ranked better than 87.11% of 2505
companies
in the Metals & Mining industry
Industry Median: -22.09
vs SGX:NPW: 22.77
Malaysia Smelting Bhd's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 19.80% per year.
Malaysia Smelting Bhd (SGX:NPW) 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.
Malaysia Smelting Bhd ROC (Joel Greenblatt) % Related Terms
Malaysia Smelting Bhd ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Malaysia Smelting Bhd'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.
Malaysia Smelting Bhd ROC (Joel Greenblatt) % Chart
Malaysia Smelting Bhd ROC (Joel Greenblatt) % Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Malaysia Smelting Bhd'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.
Malaysia Smelting Bhd ROC (Joel Greenblatt) % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Malaysia Smelting Bhd's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Malaysia Smelting Bhd's ROC (Joel Greenblatt) % falls into.
Malaysia Smelting Bhd 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 35.00% mean?
Malaysia Smelting Bhd (SGX:NPW) has a ROC (Joel Greenblatt) % of 35.00% 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 Malaysia Smelting Bhd and its competitors. This is 105% above median its historical median of 17.05. Over the past decade, Malaysia Smelting Bhd's ROC (Joel Greenblatt) % has ranged from 6.12 to 22.77. According to the industry distribution chart, Malaysia Smelting Bhd ranks #323 out of 2505 companies in the Metals & Mining industry, placing it in the top 12.9%.
Is Malaysia Smelting Bhd's ROC (Joel Greenblatt) % too high?
Malaysia Smelting Bhd's current ROC (Joel Greenblatt) % of 35.00% is 105% above median its 10-year median of 17.05. Over the past 10 years, this metric has ranged from a low of 6.12 to a high of 22.77. Based on the distribution chart, Malaysia Smelting Bhd ranks #323 out of 2505 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Malaysia Smelting Bhd has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Malaysia Smelting Bhd's ROC (Joel Greenblatt) % compare to competitors?
According to the Metals & Mining industry distribution chart, Malaysia Smelting Bhd ranks #323 out of 2505 companies for ROC (Joel Greenblatt) %. This places Malaysia Smelting Bhd in the top 13% of its industry — outperforming the majority of peers. Historically, Malaysia Smelting Bhd's own ROC (Joel Greenblatt) % has ranged from 6.12 to 22.77 over the past decade. 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 Metals & Mining company?
A good ROC (Joel Greenblatt) % depends on the Metals & Mining industry context. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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 Malaysia Smelting Bhd and its competitors. Malaysia Smelting Bhd's current ROC (Joel Greenblatt) % is 35.00%, which is 105% above median its own 10-year median of 17.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Malaysia Smelting Bhd stock overvalued right now?
Based on GuruFocus' analysis, Malaysia Smelting Bhd (SGX:NPW) is currently considered Modestly Overvalued. The stock's GF Value™ is S$0.46, compared to a current price of S$0.58 — trading 25% above its estimated fair value. The current ROC (Joel Greenblatt) % is 35.00%, which is 105% above median its 10-year median of 17.05. Malaysia Smelting Bhd's overall GF Score™ is 73/100 with 4 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 Malaysia Smelting Bhd (SGX:NPW), the current ROC (Joel Greenblatt) % is 35.00% 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.
Is Malaysia Smelting Bhd (SGX:NPW) Overvalued in 2026?
Based on GuruFocus' analysis, Malaysia Smelting Bhd stock appears to be overvalued.
The current stock price of S$0.58 is trading 25% above its estimated GF Value™ of S$0.46.
GuruFocus considers Malaysia Smelting Bhd to be Modestly Overvalued.
Key valuation signals for SGX:NPW:
ROC (Joel Greenblatt) %: 35.00% (105% above median its 10-year median of 17.05)
GF Value™: S$0.46 vs. price of S$0.58 (25% above fair value)
No single metric tells the full story. See the SGX:NPW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Malaysia Smelting Corp Bhd is an investment holding company. Along with its subsidiaries, it is engaged in smelting of tin concentrates and tin-bearing materials, the production of various grades of refined tin metal under the MSC brand name, and the sales and delivery of refined tin metal and by-products. The group has three reportable operating segments: Tin smelting, Tin Mining, and Others. The majority of its revenue is generated from the Tin Smelting segment, which includes the smelting of tin concentrates and tin-bearing materials, the production of various grades of refined tin metal, and the sale and delivery of refined tin metal and by-products. Geographically, the group mainly operates in Malaysia.
73GF Score
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