ES Ceramics Technology BhdXKLS:0100 +6.90%61 ROC (Joel Greenblatt) % is 21.86% as of Feb. 2026, which is 17% above its 10-year median of 18.72. GuruFocus rates XKLS:0100 with a GF Score™ of 61/100 and a GF Value™ of RM0.19 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,602 Chemicals companies, ES Ceramics Technology Bhd ranks better than 68.79% 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. ES Ceramics Technology Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 21.86%.
The historical rank and industry rank for ES Ceramics Technology Bhd's ROC (Joel Greenblatt) % or its related term are showing as below:
XKLS:0100'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.96 Med: 18.72 Max: 118.38
Current: 16.37
During the past 13 years, ES Ceramics Technology Bhd's highest ROC (Joel Greenblatt) % was 118.38%. The lowest was 0.96%. And the median was 18.72%.
XKLS:0100's ROC (Joel Greenblatt) % is ranked better than 68.79% of 1602
companies
in the Chemicals industry
Industry Median: 9.385
vs XKLS:0100: 16.37
ES Ceramics Technology Bhd's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -28.00% per year.
ES Ceramics Technology Bhd (XKLS:0100) 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.
ES Ceramics Technology Bhd ROC (Joel Greenblatt) % Chart
XKLS:0100 vs LIN, SHW, ECL: ROC (Joel Greenblatt) % Comparison
For the Specialty Chemicals subindustry, ES Ceramics Technology 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.
ES Ceramics Technology Bhd ROC (Joel Greenblatt) % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, ES Ceramics Technology Bhd's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where ES Ceramics Technology Bhd's ROC (Joel Greenblatt) % falls into.
ES Ceramics Technology 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 (Feb. 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 21.86% mean?
ES Ceramics Technology Bhd (XKLS:0100) has a ROC (Joel Greenblatt) % of 21.86% as of Feb. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on ES Ceramics Technology Bhd and its competitors. This is 17% above median its historical median of 18.72. Over the past decade, ES Ceramics Technology Bhd's ROC (Joel Greenblatt) % has ranged from 0.96 to 118.38. According to the industry distribution chart, ES Ceramics Technology Bhd ranks #500 out of 1602 companies in the Chemicals industry, placing it in the top 31.2%.
Is ES Ceramics Technology Bhd's ROC (Joel Greenblatt) % too high?
ES Ceramics Technology Bhd's current ROC (Joel Greenblatt) % of 21.86% is 17% above median its 10-year median of 18.72. Over the past 10 years, this metric has ranged from a low of 0.96 to a high of 118.38. The Chemicals industry median ROC (Joel Greenblatt) % is 9.39. ES Ceramics Technology Bhd's value of 21.86% is 132.9% above this industry median. Based on the distribution chart, ES Ceramics Technology Bhd ranks #500 out of 1602 companies in the Chemicals industry, which is above the industry midpoint. Overall, ES Ceramics Technology Bhd has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ES Ceramics Technology Bhd's ROC (Joel Greenblatt) % compare to LIN and SHW?
According to the Chemicals industry distribution chart, ES Ceramics Technology Bhd ranks #500 out of 1602 companies for ROC (Joel Greenblatt) %. This puts ES Ceramics Technology Bhd in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 9.39. ES Ceramics Technology Bhd's value of 21.86% is 132.9% above this benchmark. Historically, ES Ceramics Technology Bhd's own ROC (Joel Greenblatt) % has ranged from 0.96 to 118.38 over the past decade. While the company's 10-year median is 18.72 vs. the industry median of 9.39, ES Ceramics Technology Bhd 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 Chemicals company?
The median ROC (Joel Greenblatt) % among Chemicals companies is 9.39, based on 1,602 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. ES Ceramics Technology Bhd's current ROC (Joel Greenblatt) % of 21.86% is 132.9% 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 ES Ceramics Technology Bhd and its competitors. For the Chemicals industry, the median ROC (Joel Greenblatt) % is 9.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ES Ceramics Technology Bhd's current ROC (Joel Greenblatt) % is 21.86%, which is 17% above median its own 10-year median of 18.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ES Ceramics Technology Bhd stock overvalued right now?
Based on GuruFocus' analysis, ES Ceramics Technology Bhd (XKLS:0100) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.19, compared to a current price of RM0.16 — trading 18.4% below its estimated fair value. The current ROC (Joel Greenblatt) % is 21.86%, which is 17% above median its 10-year median of 18.72 and 132.9% above the Chemicals industry median of 9.39. ES Ceramics Technology Bhd's overall GF Score™ is 61/100 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 ES Ceramics Technology Bhd (XKLS:0100), the current ROC (Joel Greenblatt) % is 21.86% as of Feb. 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 ES Ceramics Technology Bhd (XKLS:0100) Overvalued in 2026?
Based on GuruFocus' analysis, ES Ceramics Technology Bhd stock appears to be undervalued.
The current stock price of RM0.16 is trading 18.4% below its estimated GF Value™ of RM0.19.
GuruFocus considers ES Ceramics Technology Bhd to be Modestly Undervalued.
Key valuation signals for XKLS:0100:
ROC (Joel Greenblatt) %: 21.86% (17% above median its 10-year median of 18.72)
GF Value™: RM0.19 vs. price of RM0.16 (18.4% below fair value)
Industry Position: 132.9% above the Chemicals median (#500 of 1602)
No single metric tells the full story. See the XKLS:0100 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ES Ceramics Technology Bhd is an investment holding company. Through its holding, the company manufactures and distributes ceramic hand formers. Its product offerings include examination formers, surgical formers, household formers, and breathing bags and balloons. The formers are for continuous industrial use under heavy-duty conditions, to withstand the complex processes involving heat and chemicals to produce gloves. Geographically, it derives a majority of its revenue from Malaysia. Its segments include Investing, Glove equipment, and Construction, of which the Construction segment derives the maximum revenue. The Construction segment is engaged in the manufacturing and supply of chemical products and construction materials, including readymix concrete.
61GF Score
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