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N2N Connect BhdXKLS:0108 +1.64%36 ROC (Joel Greenblatt) % is 35.22% as of Mar. 2026, which is 28% below its 10-year median of 48.74. GuruFocus rates XKLS:0108 with a GF Score™ of 36/100 and a GF Value™ of RM0.38 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 2,810 Software companies, N2N Connect Bhd ranks better than 55.44% 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. N2N Connect Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 35.22%.
The historical rank and industry rank for N2N Connect Bhd's ROC (Joel Greenblatt) % or its related term are showing as below:
XKLS:0108'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -60.26 Med: 48.74 Max: 68.99
Current: 33.91
During the past 13 years, N2N Connect Bhd's highest ROC (Joel Greenblatt) % was 68.99%. The lowest was -60.26%. And the median was 48.74%.
XKLS:0108's ROC (Joel Greenblatt) % is ranked better than 55.44% of 2810
companies
in the Software industry
Industry Median: 19.94
vs XKLS:0108: 33.91
N2N Connect Bhd's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
N2N Connect Bhd (XKLS:0108) 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.
N2N Connect Bhd ROC (Joel Greenblatt) % Related Terms
N2N Connect Bhd ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for N2N Connect 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:0108 vs UBER, SHOP, CRM: ROC (Joel Greenblatt) % Comparison
For the Software - Application subindustry, N2N Connect 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.
N2N Connect Bhd ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, N2N Connect Bhd's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where N2N Connect Bhd's ROC (Joel Greenblatt) % falls into.
N2N Connect 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 35.22% mean?
N2N Connect Bhd (XKLS:0108) has a ROC (Joel Greenblatt) % of 35.22% 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 N2N Connect Bhd and its competitors. This is 28% below median its historical median of 48.74. According to the industry distribution chart, N2N Connect Bhd ranks #1252 out of 2810 companies in the Software industry, placing it in the top 44.6%.
Is N2N Connect Bhd's ROC (Joel Greenblatt) % too high?
N2N Connect Bhd's current ROC (Joel Greenblatt) % of 35.22% is 28% below median its 10-year median of 48.74. The Software industry median ROC (Joel Greenblatt) % is 19.94. N2N Connect Bhd's value of 35.22% is 76.6% above this industry median. Based on the distribution chart, N2N Connect Bhd ranks #1252 out of 2810 companies in the Software industry, which is above the industry midpoint. Overall, N2N Connect Bhd has a GF Score™ of 36/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does N2N Connect Bhd's ROC (Joel Greenblatt) % compare to UBER and SHOP?
According to the Software industry distribution chart, N2N Connect Bhd ranks #1252 out of 2810 companies for ROC (Joel Greenblatt) %. This puts N2N Connect Bhd in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 19.94. N2N Connect Bhd's value of 35.22% is 76.6% above this benchmark. While the company's 10-year median is 48.74 vs. the industry median of 19.94, N2N Connect 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 Software company?
The median ROC (Joel Greenblatt) % among Software companies is 19.94, based on 2,810 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. N2N Connect Bhd's current ROC (Joel Greenblatt) % of 35.22% is 76.6% 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 N2N Connect Bhd and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 19.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. N2N Connect Bhd's current ROC (Joel Greenblatt) % is 35.22%, which is 28% below median its own 10-year median of 48.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is N2N Connect Bhd stock overvalued right now?
Based on GuruFocus' analysis, N2N Connect Bhd (XKLS:0108) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.38, compared to a current price of RM0.31 — trading 18.4% below its estimated fair value. The current ROC (Joel Greenblatt) % is 35.22%, which is 28% below median its 10-year median of 48.74 and 76.6% above the Software industry median of 19.94. N2N Connect Bhd's overall GF Score™ is 36/100 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 N2N Connect Bhd (XKLS:0108), the current ROC (Joel Greenblatt) % is 35.22% 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 N2N Connect Bhd (XKLS:0108) Overvalued in 2026?
Based on GuruFocus' analysis, N2N Connect Bhd stock appears to be undervalued.
The current stock price of RM0.31 is trading 18.4% below its estimated GF Value™ of RM0.38.
GuruFocus considers N2N Connect Bhd to be Modestly Undervalued.
Key valuation signals for XKLS:0108:
ROC (Joel Greenblatt) %: 35.22% (28% below median its 10-year median of 48.74)
GF Value™: RM0.38 vs. price of RM0.31 (18.4% below fair value)
Industry Position: 76.6% above the Software median (#1252 of 2810)
No single metric tells the full story. See the XKLS:0108 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
N2N Connect Bhd is an investment holding company. It is engaged in the research and development of software packages, provider of design, programming, consultancy services and related activities. Its products include TCProGlobal, TCPlus, TCMobile, and TCBOS and services range from online trading portals within the stockbroking industry, hosting and managing network services, to wealth and risk management solutions. It operates in Malaysia, Hong Kong, and other countries and generates the majority of the revenue from Hong Kong.
36GF Score
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