Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Nestcon BhdXKLS:0235 53 ROC (Joel Greenblatt) % is 28.34% as of Mar. 2026, which is 1% below its 10-year median of 28.68. GuruFocus rates XKLS:0235 with a GF Score™ of 53/100 and a GF Value™ of RM0.34 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,782 Construction companies, Nestcon Bhd ranks better than 61.34% 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. Nestcon Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 28.34%.
The historical rank and industry rank for Nestcon Bhd's ROC (Joel Greenblatt) % or its related term are showing as below:
XKLS:0235'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -15.32 Med: 28.68 Max: 42.48
Current: 28.65
During the past 9 years, Nestcon Bhd's highest ROC (Joel Greenblatt) % was 42.48%. The lowest was -15.32%. And the median was 28.68%.
XKLS:0235's ROC (Joel Greenblatt) % is ranked better than 61.34% of 1782
companies
in the Construction industry
Industry Median: 19.6
vs XKLS:0235: 28.65
Nestcon Bhd's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Nestcon Bhd (XKLS:0235) 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.
Nestcon Bhd ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Nestcon 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:0235 vs PWR, FIX, EME: ROC (Joel Greenblatt) % Comparison
For the Engineering & Construction subindustry, Nestcon 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.
Nestcon Bhd ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Nestcon Bhd's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Nestcon Bhd's ROC (Joel Greenblatt) % falls into.
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 28.34% mean?
Nestcon Bhd (XKLS:0235) has a ROC (Joel Greenblatt) % of 28.34% 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 Nestcon Bhd and its competitors. This is near median its historical median of 28.68. According to the industry distribution chart, Nestcon Bhd ranks #689 out of 1782 companies in the Construction industry, placing it in the top 38.7%.
Is Nestcon Bhd's ROC (Joel Greenblatt) % too high?
Nestcon Bhd's current ROC (Joel Greenblatt) % of 28.34% is near median its 10-year median of 28.68. The Construction industry median ROC (Joel Greenblatt) % is 19.60. Nestcon Bhd's value of 28.34% is 44.6% above this industry median. Based on the distribution chart, Nestcon Bhd ranks #689 out of 1782 companies in the Construction industry, which is above the industry midpoint. Overall, Nestcon Bhd has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nestcon Bhd's ROC (Joel Greenblatt) % compare to PWR and FIX?
According to the Construction industry distribution chart, Nestcon Bhd ranks #689 out of 1782 companies for ROC (Joel Greenblatt) %. This puts Nestcon Bhd in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 19.60. Nestcon Bhd's value of 28.34% is 44.6% above this benchmark. While the company's 10-year median is 28.68 vs. the industry median of 19.60, Nestcon 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 Construction company?
The median ROC (Joel Greenblatt) % among Construction companies is 19.60, based on 1,782 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. Nestcon Bhd's current ROC (Joel Greenblatt) % of 28.34% is 44.6% 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 Nestcon Bhd and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nestcon Bhd's current ROC (Joel Greenblatt) % is 28.34%, which is near median its own 10-year median of 28.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nestcon Bhd stock overvalued right now?
Based on GuruFocus' analysis, Nestcon Bhd (XKLS:0235) is currently considered Significantly Overvalued. The stock's GF Value™ is RM0.34, compared to a current price of RM0.45 — trading 30.9% above its estimated fair value. The current ROC (Joel Greenblatt) % is 28.34%, which is near median its 10-year median of 28.68 and 44.6% above the Construction industry median of 19.60. Nestcon Bhd's overall GF Score™ is 53/100 with 8 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 Nestcon Bhd (XKLS:0235), the current ROC (Joel Greenblatt) % is 28.34% 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 Nestcon Bhd (XKLS:0235) Overvalued in 2026?
Based on GuruFocus' analysis, Nestcon Bhd stock appears to be overvalued.
The current stock price of RM0.45 is trading 30.9% above its estimated GF Value™ of RM0.34.
GuruFocus considers Nestcon Bhd to be Significantly Overvalued.
Key valuation signals for XKLS:0235:
ROC (Joel Greenblatt) %: 28.34% (near median its 10-year median of 28.68)
GF Value™: RM0.34 vs. price of RM0.45 (30.9% above fair value)
Industry Position: 44.6% above the Construction median (#689 of 1782)
No single metric tells the full story. See the XKLS:0235 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nestcon Bhd is principally involved in the provision of construction services throughout Malaysia. Together with its subsidiaries, it operates in reportable segments: Building and infrastructure, and Renewable energy. The Building and infrastructure segment, generating maximum revenue for the company, is engaged in the provision of construction services for building and infrastructure, and the Renewable energy segment is engaged in Renewable energy activities and maintenance works.
53GF Score
Get the complete analysis for XKLS:0235
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XKLS:0235 has been successfully added to your 
