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.
Kcell JSCXKAZ:KCEL +0.50%57 ROC (Joel Greenblatt) % is 17.22% as of Jun. 2026, which is 49% below its 10-year median of 33.51. GuruFocus rates XKAZ:KCEL with a GF Score™ of 57/100 and a GF Value™ of ₸3,698.54 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 368 Telecommunication Services companies, Kcell JSC ranks better than 53.26% 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. Kcell JSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 17.22%.
The historical rank and industry rank for Kcell JSC's ROC (Joel Greenblatt) % or its related term are showing as below:
XKAZ:KCEL'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 16.42 Med: 33.51 Max: 59.34
Current: 18.55
During the past 13 years, Kcell JSC's highest ROC (Joel Greenblatt) % was 59.34%. The lowest was 16.42%. And the median was 33.51%.
XKAZ:KCEL's ROC (Joel Greenblatt) % is ranked better than 53.26% of 368
companies
in the Telecommunication Services industry
Industry Median: 16.24
vs XKAZ:KCEL: 18.55
Kcell JSC's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -19.90% 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.
The historical data trend for Kcell 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.
XKAZ:KCEL vs VZ, TMUS, T: ROC (Joel Greenblatt) % Comparison
For the Telecom Services subindustry, Kcell 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.
Kcell JSC ROC (Joel Greenblatt) % vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Kcell JSC's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Kcell JSC'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 four times the quarterly (Jun. 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 17.22% mean?
Kcell JSC (XKAZ:KCEL) has a ROC (Joel Greenblatt) % of 17.22% as of Jun. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Kcell JSC and its competitors. This is 49% below median its historical median of 33.51. Over the past decade, Kcell JSC's ROC (Joel Greenblatt) % has ranged from 16.42 to 59.34. According to the industry distribution chart, Kcell JSC ranks #172 out of 368 companies in the Telecommunication Services industry, placing it in the top 46.7%.
Is Kcell JSC's ROC (Joel Greenblatt) % too high?
Kcell JSC's current ROC (Joel Greenblatt) % of 17.22% is 49% below median its 10-year median of 33.51. Over the past 10 years, this metric has ranged from a low of 16.42 to a high of 59.34. The Telecommunication Services industry median ROC (Joel Greenblatt) % is 16.24. Kcell JSC's value of 17.22% is 6% above this industry median. Based on the distribution chart, Kcell JSC ranks #172 out of 368 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Kcell JSC has a GF Score™ of 57/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kcell JSC's ROC (Joel Greenblatt) % compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Kcell JSC ranks #172 out of 368 companies for ROC (Joel Greenblatt) %. This puts Kcell JSC in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 16.24. Kcell JSC's value of 17.22% is 6% above this benchmark. Historically, Kcell JSC's own ROC (Joel Greenblatt) % has ranged from 16.42 to 59.34 over the past decade. While the company's 10-year median is 33.51 vs. the industry median of 16.24, Kcell 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 a Telecommunication Services company?
The median ROC (Joel Greenblatt) % among Telecommunication Services companies is 16.24, based on 368 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. Kcell JSC's current ROC (Joel Greenblatt) % of 17.22% is 6% 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 Kcell JSC and its competitors. For the Telecommunication Services industry, the median ROC (Joel Greenblatt) % is 16.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kcell JSC's current ROC (Joel Greenblatt) % is 17.22%, which is 49% below median its own 10-year median of 33.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kcell JSC stock overvalued right now?
Based on GuruFocus' analysis, Kcell JSC (XKAZ:KCEL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₸3,698.54, compared to a current price of ₸3,182.90 — trading 13.9% below its estimated fair value. The current ROC (Joel Greenblatt) % is 17.22%, which is 49% below median its 10-year median of 33.51 and 6% above the Telecommunication Services industry median of 16.24. Kcell JSC's overall GF Score™ is 57/100 with 9 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 Kcell JSC (XKAZ:KCEL), the current ROC (Joel Greenblatt) % is 17.22% as of Jun. 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 Kcell JSC (XKAZ:KCEL) Overvalued in 2026?
Based on GuruFocus' analysis, Kcell JSC stock appears to be undervalued.
The current stock price of ₸3,182.90 is trading 13.9% below its estimated GF Value™ of ₸3,698.54.
GuruFocus considers Kcell JSC to be Modestly Undervalued.
Key valuation signals for XKAZ:KCEL:
ROC (Joel Greenblatt) %: 17.22% (49% below median its 10-year median of 33.51)
GF Value™: ₸3,698.54 vs. price of ₸3,182.90 (13.9% below fair value)
Industry Position: 6% above the Telecommunication Services median (#172 of 368)
No single metric tells the full story. See the XKAZ:KCEL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kcell JSC is a Kazakhstan-based company. It is engaged in providing mobile telecommunications services to both individuals and organizations including voice, SMS, MMS and data transmission. It offers Internet access and value-added services, including mobile content. The company is involved in designing, constructing and operating a cellular telecommunications network in the Republic of Kazakhstan using GSM (Global System for Mobile Communications) standard. It operates its business through Kcell which targets the mass market, corporate subscribers, public organizations as well as high-net-worth individuals. The company generates revenue from the sale of voice and other services, data service, handsets, and value-added services.
57GF Score
Get the complete analysis for XKAZ:KCEL
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
XKAZ:KCEL has been successfully added to your 
