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Tex Cycle Technology (M) BhdXKLS:0089 83 ROC (Joel Greenblatt) % is 10.35% as of Mar. 2026, which is 43% below its 10-year median of 18.27. GuruFocus rates XKLS:0089 with a GF Score™ of 83/100 and a GF Value™ of RM1.92 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 245 Waste Management companies, Tex Cycle Technology (M) Bhd ranks better than 68.16% 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. Tex Cycle Technology (M) Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 10.35%.
The historical rank and industry rank for Tex Cycle Technology (M) Bhd's ROC (Joel Greenblatt) % or its related term are showing as below:
XKLS:0089'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 6.06 Med: 18.27 Max: 34.82
Current: 19.25
During the past 13 years, Tex Cycle Technology (M) Bhd's highest ROC (Joel Greenblatt) % was 34.82%. The lowest was 6.06%. And the median was 18.27%.
XKLS:0089's ROC (Joel Greenblatt) % is ranked better than 68.16% of 245
companies
in the Waste Management industry
Industry Median: 11.43
vs XKLS:0089: 19.25
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.
Tex Cycle Technology (M) Bhd ROC (Joel Greenblatt) % Chart
XKLS:0089 vs WM, RSG, WCN: ROC (Joel Greenblatt) % Comparison
For the Waste Management subindustry, Tex Cycle Technology (M) 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.
Tex Cycle Technology (M) Bhd ROC (Joel Greenblatt) % vs Waste Management Industry
For the Waste Management industry and Industrials sector, Tex Cycle Technology (M) Bhd's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Tex Cycle Technology (M) Bhd's ROC (Joel Greenblatt) % falls into.
Tex Cycle Technology (M) 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 10.35% mean?
Tex Cycle Technology (M) Bhd (XKLS:0089) has a ROC (Joel Greenblatt) % of 10.35% 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 Tex Cycle Technology (M) Bhd and its competitors. This is 43% below median its historical median of 18.27. Over the past decade, Tex Cycle Technology (M) Bhd's ROC (Joel Greenblatt) % has ranged from 6.06 to 34.82. According to the industry distribution chart, Tex Cycle Technology (M) Bhd ranks #78 out of 245 companies in the Waste Management industry, placing it in the top 31.8%.
Is Tex Cycle Technology (M) Bhd's ROC (Joel Greenblatt) % too high?
Tex Cycle Technology (M) Bhd's current ROC (Joel Greenblatt) % of 10.35% is 43% below median its 10-year median of 18.27. Over the past 10 years, this metric has ranged from a low of 6.06 to a high of 34.82. The Waste Management industry median ROC (Joel Greenblatt) % is 11.43. Tex Cycle Technology (M) Bhd's value of 10.35% is 9.4% below this industry median. Based on the distribution chart, Tex Cycle Technology (M) Bhd ranks #78 out of 245 companies in the Waste Management industry, which is above the industry midpoint. Overall, Tex Cycle Technology (M) Bhd has a GF Score™ of 83/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tex Cycle Technology (M) Bhd's ROC (Joel Greenblatt) % compare to WM and RSG?
According to the Waste Management industry distribution chart, Tex Cycle Technology (M) Bhd ranks #78 out of 245 companies for ROC (Joel Greenblatt) %. This puts Tex Cycle Technology (M) Bhd in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.43. Tex Cycle Technology (M) Bhd's value of 10.35% is 9.4% below this benchmark. Historically, Tex Cycle Technology (M) Bhd's own ROC (Joel Greenblatt) % has ranged from 6.06 to 34.82 over the past decade. While the company's 10-year median is 18.27 vs. the industry median of 11.43, Tex Cycle Technology (M) Bhd 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 Waste Management company?
The median ROC (Joel Greenblatt) % among Waste Management companies is 11.43, based on 245 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. Tex Cycle Technology (M) Bhd's current ROC (Joel Greenblatt) % of 10.35% is 9.4% 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 Tex Cycle Technology (M) Bhd and its competitors. For the Waste Management industry, the median ROC (Joel Greenblatt) % is 11.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tex Cycle Technology (M) Bhd's current ROC (Joel Greenblatt) % is 10.35%, which is 43% below median its own 10-year median of 18.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tex Cycle Technology (M) Bhd stock overvalued right now?
Based on GuruFocus' analysis, Tex Cycle Technology (M) Bhd (XKLS:0089) is currently considered Significantly Undervalued. The stock's GF Value™ is RM1.92, compared to a current price of RM1.01 — trading 47.4% below its estimated fair value. The current ROC (Joel Greenblatt) % is 10.35%, which is 43% below median its 10-year median of 18.27 and 9.4% below the Waste Management industry median of 11.43. Tex Cycle Technology (M) Bhd's overall GF Score™ is 83/100 with 5 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 Tex Cycle Technology (M) Bhd (XKLS:0089), the current ROC (Joel Greenblatt) % is 10.35% 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 Tex Cycle Technology (M) Bhd (XKLS:0089) Overvalued in 2026?
Based on GuruFocus' analysis, Tex Cycle Technology (M) Bhd stock appears to be undervalued.
The current stock price of RM1.01 is trading 47.4% below its estimated GF Value™ of RM1.92.
GuruFocus considers Tex Cycle Technology (M) Bhd to be Significantly Undervalued.
Key valuation signals for XKLS:0089:
ROC (Joel Greenblatt) %: 10.35% (43% below median its 10-year median of 18.27)
GF Value™: RM1.92 vs. price of RM1.01 (47.4% below fair value)
Industry Position: 9.4% below the Waste Management median (#78 of 245)
No single metric tells the full story. See the XKLS:0089 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tex Cycle Technology (M) Bhd is engaged in the provision of recovery and recycling of scheduled waste. It operates in six segments. The investment holding segment comprises investing in property and unquoted securities on a long-term basis; the recovery and recycling services segment comprises the provision of waste recovery and recycling services, and rental of recycled products; the rental of investment property segment; trading segment comprises trading of chemicals and other products; renewable energy segment includes the provision of equipment and consultancy services related to renewable energy; and others segment. The majority of company's revenue comes from the recovery and recycling services segment.
83GF Score
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