Thai Stanley Electric (Thailand) PCLTSETF 73 ROC (Joel Greenblatt) % is 22.02% as of Mar. 2026, which is 28% above its 10-year median of 17.19. GuruFocus rates TSETF with a GF Score™ of 73/100. The stock has 7 warning signs investors should review. Among 1,336 Vehicles & Parts companies, Thai Stanley Electric (Thailand) PCL ranks better than 69.99% 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. Thai Stanley Electric (Thailand) PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 22.02%.
The historical rank and industry rank for Thai Stanley Electric (Thailand) PCL's ROC (Joel Greenblatt) % or its related term are showing as below:
TSETF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 9.06 Med: 17.19 Max: 26.16
Current: 19.81
During the past 13 years, Thai Stanley Electric (Thailand) PCL's highest ROC (Joel Greenblatt) % was 26.16%. The lowest was 9.06%. And the median was 17.19%.
TSETF's ROC (Joel Greenblatt) % is ranked better than 69.99% of 1336
companies
in the Vehicles & Parts industry
Industry Median: 11.99
vs TSETF: 19.81
Thai Stanley Electric (Thailand) PCL (OTCPK:TSETF) 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.
* 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.
Thai Stanley Electric (Thailand) PCL ROC (Joel Greenblatt) % Chart
TSETF vs ORLY, AZO: ROC (Joel Greenblatt) % Comparison
For the Auto Parts subindustry, Thai Stanley Electric (Thailand) PCL'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.
Thai Stanley Electric (Thailand) PCL ROC (Joel Greenblatt) % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Thai Stanley Electric (Thailand) PCL's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Thai Stanley Electric (Thailand) PCL's ROC (Joel Greenblatt) % falls into.
Thai Stanley Electric (Thailand) PCL 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 22.02% mean?
Thai Stanley Electric (Thailand) PCL (TSETF) has a ROC (Joel Greenblatt) % of 22.02% 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 Thai Stanley Electric (Thailand) PCL and its competitors. This is 28% above median its historical median of 17.19. Over the past decade, Thai Stanley Electric (Thailand) PCL's ROC (Joel Greenblatt) % has ranged from 9.06 to 26.16. According to the industry distribution chart, Thai Stanley Electric (Thailand) PCL ranks #401 out of 1336 companies in the Vehicles & Parts industry, placing it in the top 30%.
Is Thai Stanley Electric (Thailand) PCL's ROC (Joel Greenblatt) % too high?
Thai Stanley Electric (Thailand) PCL's current ROC (Joel Greenblatt) % of 22.02% is 28% above median its 10-year median of 17.19. Over the past 10 years, this metric has ranged from a low of 9.06 to a high of 26.16. The Vehicles & Parts industry median ROC (Joel Greenblatt) % is 11.99. Thai Stanley Electric (Thailand) PCL's value of 22.02% is 83.7% above this industry median. Based on the distribution chart, Thai Stanley Electric (Thailand) PCL ranks #401 out of 1336 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Thai Stanley Electric (Thailand) PCL has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does Thai Stanley Electric (Thailand) PCL's ROC (Joel Greenblatt) % compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Thai Stanley Electric (Thailand) PCL ranks #401 out of 1336 companies for ROC (Joel Greenblatt) %. This puts Thai Stanley Electric (Thailand) PCL in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.99. Thai Stanley Electric (Thailand) PCL's value of 22.02% is 83.7% above this benchmark. Historically, Thai Stanley Electric (Thailand) PCL's own ROC (Joel Greenblatt) % has ranged from 9.06 to 26.16 over the past decade. While the company's 10-year median is 17.19 vs. the industry median of 11.99, Thai Stanley Electric (Thailand) PCL 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 a Vehicles & Parts company?
The median ROC (Joel Greenblatt) % among Vehicles & Parts companies is 11.99, based on 1,336 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. Thai Stanley Electric (Thailand) PCL's current ROC (Joel Greenblatt) % of 22.02% is 83.7% 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 Thai Stanley Electric (Thailand) PCL and its competitors. For the Vehicles & Parts industry, the median ROC (Joel Greenblatt) % is 11.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Stanley Electric (Thailand) PCL's current ROC (Joel Greenblatt) % is 22.02%, which is 28% above median its own 10-year median of 17.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Stanley Electric (Thailand) PCL stock overvalued right now?
Thai Stanley Electric (Thailand) PCL (TSETF) has a current ROC (Joel Greenblatt) % of 22.02%. The current ROC (Joel Greenblatt) % is 22.02%, which is 28% above median its 10-year median of 17.19 and 83.7% above the Vehicles & Parts industry median of 11.99. Thai Stanley Electric (Thailand) PCL's overall GF Score™ is 73/100 with 7 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 Thai Stanley Electric (Thailand) PCL (TSETF), the current ROC (Joel Greenblatt) % is 22.02% 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.
Thai Stanley Electric (Thailand) PCL Business Description
Thai Stanley Electric (Thailand) PCL is a Thailand-based company engaged in the manufacturing and selling of automotive bulbs, lighting equipment, molds and dies, and product designs. The company products include hheadlights, taillights, brake lights, rear combination lamps, wind screens, front winkers, fog lights, and other related products. The company generates maximum revenue from the auto bulbs and automotive lighting equipment.
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