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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. Elsoft Research Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -11.79%.
The historical rank and industry rank for Elsoft Research Bhd's ROC (Joel Greenblatt) % or its related term are showing as below:
XKLS:0090'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -20.57 Med: 28.64 Max: 176.4
Current: -14.91
During the past 13 years, Elsoft Research Bhd's highest ROC (Joel Greenblatt) % was 176.40%. The lowest was -20.57%. And the median was 28.64%.
XKLS:0090's ROC (Joel Greenblatt) % is ranked worse than 79.57% of 1028
companies
in the Semiconductors industry
Industry Median: 8.265
vs XKLS:0090: -14.91
Elsoft Research Bhd's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Elsoft Research Bhd (XKLS:0090) 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.
Elsoft Research Bhd ROC (Joel Greenblatt) % Related Terms
Elsoft Research Bhd ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Elsoft Research 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.
XKLS:0090 vs AMAT, LRCX, KLAC: ROC (Joel Greenblatt) % Comparison
For the Semiconductor Equipment & Materials subindustry, Elsoft Research 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.
Elsoft Research Bhd ROC (Joel Greenblatt) % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Elsoft Research Bhd's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Elsoft Research Bhd's ROC (Joel Greenblatt) % falls into.
Elsoft Research 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 -11.79% mean?
Elsoft Research Bhd (XKLS:0090) has a ROC (Joel Greenblatt) % of -11.79% 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 Elsoft Research Bhd and its competitors. According to the industry distribution chart, Elsoft Research Bhd ranks #818 out of 1028 companies in the Semiconductors industry, placing it in the top 79.6%.
Is Elsoft Research Bhd's ROC (Joel Greenblatt) % too high?
Elsoft Research Bhd's current ROC (Joel Greenblatt) % is -11.79%. Based on the distribution chart, Elsoft Research Bhd ranks #818 out of 1028 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Elsoft Research Bhd has a GF Score™ of 52/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Elsoft Research Bhd's ROC (Joel Greenblatt) % compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Elsoft Research Bhd ranks #818 out of 1028 companies for ROC (Joel Greenblatt) %. This places Elsoft Research Bhd in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 8.27. 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 Semiconductors company?
The median ROC (Joel Greenblatt) % among Semiconductors companies is 8.27, based on 1,028 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. 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 Elsoft Research Bhd and its competitors. For the Semiconductors industry, the median ROC (Joel Greenblatt) % is 8.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elsoft Research Bhd's current ROC (Joel Greenblatt) % is -11.79%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elsoft Research Bhd stock overvalued right now?
Based on GuruFocus' analysis, Elsoft Research Bhd (XKLS:0090) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.34, compared to a current price of RM0.21 — trading 39.7% below its estimated fair value. The current ROC (Joel Greenblatt) % is -11.79%. Elsoft Research Bhd's overall GF Score™ is 52/100 with 3 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 Elsoft Research Bhd (XKLS:0090), the current ROC (Joel Greenblatt) % is -11.79% 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 Elsoft Research Bhd (XKLS:0090) Overvalued in 2026?
Based on GuruFocus' analysis, Elsoft Research Bhd stock appears to be undervalued.
The current stock price of RM0.21 is trading 39.7% below its estimated GF Value™ of RM0.34.
GuruFocus considers Elsoft Research Bhd to be Possible Value Trap.
Key valuation signals for XKLS:0090:
ROC (Joel Greenblatt) %: -11.79%
GF Value™: RM0.34 vs. price of RM0.21 (39.7% below fair value)
No single metric tells the full story. See the XKLS:0090 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Elsoft Research Bhd is principally involved in the research, design, and development of test, burn-in, and application-specific embedded systems. The company mainly provides cost effective ATE solutions to the semiconductor, optoelectronic, and automation industries. Its test and burn-in systems are used by customers manufacturing optoelectronic devices such as LED, image sensors, and automotive lightings to test their products before launching into the market. The company also engaged a new customer to develop a test solution for metalens technology while continuing to focus on the medical device market. , and maximum revenue is generated from Malaysia, followed by Asia (excluding Malaysia), and the United States.
52GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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