HPP Holdings Bhd (XKLS:0228) ROC (Joel Greenblatt) %: 3.60% (As of Feb. 2026) — 79% Below Median

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XKLS:0228 HPP Holdings Bhd XKLS:0228
52 GF Score
Price RM0.28
GF Value RM0.42
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is HPP Holdings Bhd ROC (Joel Greenblatt) %?

HPP Holdings Bhd XKLS:0228 52 ROC (Joel Greenblatt) % is 3.60% as of Feb. 2026, which is 79% below its 10-year median of 16.91. GuruFocus rates XKLS:0228 with a GF Score™ of 52/100 and a GF Value™ of RM0.42 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 401 Packaging & Containers companies, HPP Holdings Bhd ranks worse than 54.86% 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. HPP Holdings Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 3.60%.

The historical rank and industry rank for HPP Holdings Bhd's ROC (Joel Greenblatt) % or its related term are showing as below:

XKLS:0228' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.16   Med: 16.91   Max: 31.13
Current: 7.86

During the past 8 years, HPP Holdings Bhd's highest ROC (Joel Greenblatt) % was 31.13%. The lowest was 4.16%. And the median was 16.91%.

XKLS:0228's ROC (Joel Greenblatt) % is ranked worse than
54.86% of 401 companies
in the Packaging & Containers industry
Industry Median: 8.91 vs XKLS:0228: 7.86

HPP Holdings Bhd's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -29.10% per year.


HPP Holdings Bhd  (XKLS:0228) 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.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


HPP Holdings Bhd ROC (Joel Greenblatt) % Related Terms


HPP Holdings Bhd ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for HPP Holdings 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.

HPP Holdings Bhd ROC (Joel Greenblatt) % Chart

HPP Holdings Bhd Annual Data
Trend May18 May19 May20 May21 May22 May23 May24 May25
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial 24.70 13.06 13.97 5.89 4.16

HPP Holdings Bhd Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.68 8.40 9.57 9.83 3.60

XKLS:0228 vs SW, PKG, IP: ROC (Joel Greenblatt) % Comparison

For the Packaging & Containers subindustry, HPP Holdings 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.


HPP Holdings Bhd ROC (Joel Greenblatt) % vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, HPP Holdings Bhd's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where HPP Holdings Bhd's ROC (Joel Greenblatt) % falls into.


XKLS:0228
52GF Score
HPP Holdings Bhd XKLS:0228
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

HPP Holdings 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:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

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.

Working Capital(Q: Nov. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(22.294 + 9.167 + 2.563) - (8.716 + 0 + 0)
=25.308

Working Capital(Q: Feb. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(23.337 + 8.346 + 2.1) - (6.845 + 0 + 0)
=26.938

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of HPP Holdings Bhd for the quarter that ended in Feb. 2026 can be restated as:

ROC (Joel Greenblatt) %(Q: Feb. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Nov. 2025  Q: Feb. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=3.776/( ( (79.337 + max(25.308, 0)) + (77.988 + max(26.938, 0)) )/ 2 )
=3.776/( ( 104.645 + 104.926 )/ 2 )
=3.776/104.7855
=3.60 %

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 3.60% mean?
HPP Holdings Bhd (XKLS:0228) has a ROC (Joel Greenblatt) % of 3.60% 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 HPP Holdings Bhd and its competitors. This is 79% below median its historical median of 16.91. Over the past decade, HPP Holdings Bhd's ROC (Joel Greenblatt) % has ranged from 4.16 to 31.13. According to the industry distribution chart, HPP Holdings Bhd ranks #220 out of 401 companies in the Packaging & Containers industry, placing it in the top 54.9%.
Is HPP Holdings Bhd's ROC (Joel Greenblatt) % too high?
HPP Holdings Bhd's current ROC (Joel Greenblatt) % of 3.60% is 79% below median its 10-year median of 16.91. Over the past 10 years, this metric has ranged from a low of 4.16 to a high of 31.13. The Packaging & Containers industry median ROC (Joel Greenblatt) % is 8.91. HPP Holdings Bhd's value of 3.60% is 59.6% below this industry median. Based on the distribution chart, HPP Holdings Bhd ranks #220 out of 401 companies in the Packaging & Containers industry, which is below the industry midpoint. Overall, HPP Holdings 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 HPP Holdings Bhd's ROC (Joel Greenblatt) % compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, HPP Holdings Bhd ranks #220 out of 401 companies for ROC (Joel Greenblatt) %. This places HPP Holdings Bhd in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 8.91. HPP Holdings Bhd's value of 3.60% is 59.6% below this benchmark. Historically, HPP Holdings Bhd's own ROC (Joel Greenblatt) % has ranged from 4.16 to 31.13 over the past decade. While the company's 10-year median is 16.91 vs. the industry median of 8.91, HPP Holdings 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 Packaging & Containers company?
The median ROC (Joel Greenblatt) % among Packaging & Containers companies is 8.91, based on 401 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. HPP Holdings Bhd's current ROC (Joel Greenblatt) % of 3.60% is 59.6% 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 HPP Holdings Bhd and its competitors. For the Packaging & Containers industry, the median ROC (Joel Greenblatt) % is 8.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HPP Holdings Bhd's current ROC (Joel Greenblatt) % is 3.60%, which is 79% below median its own 10-year median of 16.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HPP Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, HPP Holdings Bhd (XKLS:0228) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.42, compared to a current price of RM0.28 — trading 33.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is 3.60%, which is 79% below median its 10-year median of 16.91 and 59.6% below the Packaging & Containers industry median of 8.91. HPP Holdings 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 HPP Holdings Bhd (XKLS:0228), the current ROC (Joel Greenblatt) % is 3.60% 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 HPP Holdings Bhd (XKLS:0228) Overvalued in 2026?

Based on GuruFocus' analysis, HPP Holdings Bhd stock appears to be undervalued. The current stock price of RM0.28 is trading 33.3% below its estimated GF Value™ of RM0.42. GuruFocus considers HPP Holdings Bhd to be Possible Value Trap.

Key valuation signals for XKLS:0228:

  • ROC (Joel Greenblatt) %: 3.60% (79% below median its 10-year median of 16.91)
  • GF Value™: RM0.42 vs. price of RM0.28 (33.3% below fair value)
  • GF Score™: 52/100 with 3 warning signs
  • Industry Position: 59.6% below the Packaging & Containers median (#220 of 401)

No single metric tells the full story. See the XKLS:0228 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


HPP Holdings Bhd Business Description

Address No. 37, Jalan TTC 29, Taman Teknologi Cheng, Melaka, MLA, MYS, 75250
HPP Holdings Bhd is an investment holding company principally engaged in printing, production, sales, and marketing of paper-based packaging. Its product range includes corrugated and non-corrugated packaging, paper pulp molded packaging, rigid boxes, as well as brochures, leaflets, labels, and paper bags. The company operates in multiple countries, including Malaysia, Thailand, the United States, Singapore, and Taiwan. It serves markets such as consumer electronics, pharmaceuticals, food and beverage, and household products. HPP generates revenue prominently through the sale and provision of packaging solutions.
52GF Score

Get the complete analysis for XKLS:0228

ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

RM0.28
Price
RM0.42
GF Value