Pha Lai Thermal Power JSCSTC:PPC -0.41%75 ROC (Joel Greenblatt) % is 24.10% as of Mar. 2026, which is 36% below its 10-year median of 37.83. GuruFocus rates STC:PPC with a GF Score™ of 75/100 and a GF Value™ of ₫11,813.22 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 435 Utilities - Independent Power Producers companies, Pha Lai Thermal Power JSC ranks better than 70.34% 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. Pha Lai Thermal Power JSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 24.10%.
The historical rank and industry rank for Pha Lai Thermal Power JSC's ROC (Joel Greenblatt) % or its related term are showing as below:
STC:PPC'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 12.13 Med: 37.83 Max: 94.91
Current: 12.97
During the past 13 years, Pha Lai Thermal Power JSC's highest ROC (Joel Greenblatt) % was 94.91%. The lowest was 12.13%. And the median was 37.83%.
STC:PPC's ROC (Joel Greenblatt) % is ranked better than 70.34% of 435
companies
in the Utilities - Independent Power Producers industry
Industry Median: 6.58
vs STC:PPC: 12.97
Pha Lai Thermal Power JSC's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -20.90% per year.
Pha Lai Thermal Power JSC (STC:PPC) 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.
Pha Lai Thermal Power JSC ROC (Joel Greenblatt) % Related Terms
Pha Lai Thermal Power JSC ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Pha Lai Thermal Power JSC'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.
Pha Lai Thermal Power JSC ROC (Joel Greenblatt) % Chart
STC:PPC vs CEG, VST, NRG: ROC (Joel Greenblatt) % Comparison
For the Utilities - Independent Power Producers subindustry, Pha Lai Thermal Power JSC'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.
Pha Lai Thermal Power JSC ROC (Joel Greenblatt) % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Pha Lai Thermal Power JSC's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Pha Lai Thermal Power JSC's ROC (Joel Greenblatt) % falls into.
Pha Lai Thermal Power JSC 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 24.10% mean?
Pha Lai Thermal Power JSC (STC:PPC) has a ROC (Joel Greenblatt) % of 24.10% 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 Pha Lai Thermal Power JSC and its competitors. This is 36% below median its historical median of 37.83. Over the past decade, Pha Lai Thermal Power JSC's ROC (Joel Greenblatt) % has ranged from 12.13 to 94.91. According to the industry distribution chart, Pha Lai Thermal Power JSC ranks #129 out of 435 companies in the Utilities - Independent Power Producers industry, placing it in the top 29.7%.
Is Pha Lai Thermal Power JSC's ROC (Joel Greenblatt) % too high?
Pha Lai Thermal Power JSC's current ROC (Joel Greenblatt) % of 24.10% is 36% below median its 10-year median of 37.83. Over the past 10 years, this metric has ranged from a low of 12.13 to a high of 94.91. The Utilities - Independent Power Producers industry median ROC (Joel Greenblatt) % is 6.58. Pha Lai Thermal Power JSC's value of 24.10% is 266.3% above this industry median. Based on the distribution chart, Pha Lai Thermal Power JSC ranks #129 out of 435 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Pha Lai Thermal Power JSC has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pha Lai Thermal Power JSC's ROC (Joel Greenblatt) % compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Pha Lai Thermal Power JSC ranks #129 out of 435 companies for ROC (Joel Greenblatt) %. This puts Pha Lai Thermal Power JSC in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 6.58. Pha Lai Thermal Power JSC's value of 24.10% is 266.3% above this benchmark. Historically, Pha Lai Thermal Power JSC's own ROC (Joel Greenblatt) % has ranged from 12.13 to 94.91 over the past decade. While the company's 10-year median is 37.83 vs. the industry median of 6.58, Pha Lai Thermal Power JSC 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 Utilities - Independent Power Producers company?
The median ROC (Joel Greenblatt) % among Utilities - Independent Power Producers companies is 6.58, based on 435 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. Pha Lai Thermal Power JSC's current ROC (Joel Greenblatt) % of 24.10% is 266.3% 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 Pha Lai Thermal Power JSC and its competitors. For the Utilities - Independent Power Producers industry, the median ROC (Joel Greenblatt) % is 6.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pha Lai Thermal Power JSC's current ROC (Joel Greenblatt) % is 24.10%, which is 36% below median its own 10-year median of 37.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pha Lai Thermal Power JSC stock overvalued right now?
Based on GuruFocus' analysis, Pha Lai Thermal Power JSC (STC:PPC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₫11,813.22, compared to a current price of ₫9,620.00 — trading 18.6% below its estimated fair value. The current ROC (Joel Greenblatt) % is 24.10%, which is 36% below median its 10-year median of 37.83 and 266.3% above the Utilities - Independent Power Producers industry median of 6.58. Pha Lai Thermal Power JSC's overall GF Score™ is 75/100 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 Pha Lai Thermal Power JSC (STC:PPC), the current ROC (Joel Greenblatt) % is 24.10% 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 Pha Lai Thermal Power JSC (STC:PPC) Overvalued in 2026?
Based on GuruFocus' analysis, Pha Lai Thermal Power JSC stock appears to be undervalued.
The current stock price of ₫9,620.00 is trading 18.6% below its estimated GF Value™ of ₫11,813.22.
GuruFocus considers Pha Lai Thermal Power JSC to be Modestly Undervalued.
Key valuation signals for STC:PPC:
ROC (Joel Greenblatt) %: 24.10% (36% below median its 10-year median of 37.83)
GF Value™: ₫11,813.22 vs. price of ₫9,620.00 (18.6% below fair value)
Industry Position: 266.3% above the Utilities - Independent Power Producers median (#129 of 435)
No single metric tells the full story. See the STC:PPC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pha Lai Thermal Power JSC operates as a coal-fired power plant in Vietnam. It is engaged in the operation, maintenance, and management of the thermal power plant in Hai Duong Province for electricity generation and distribution.
75GF Score
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