DS Sigma Holdings Bhd (XKLS:0269) ROC (Joel Greenblatt) %: 16.92% (As of Mar. 2026) — 68% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

XKLS:0269 DS Sigma Holdings Bhd XKLS:0269
59 GF Score
Price RM0.24
GF Value RM0.31
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is DS Sigma Holdings Bhd ROC (Joel Greenblatt) %?

DS Sigma Holdings Bhd XKLS:0269 -4.00% 59 ROC (Joel Greenblatt) % is 16.92% as of Mar. 2026, which is 68% below its 10-year median of 52.32. GuruFocus rates XKLS:0269 with a GF Score™ of 59/100 and a GF Value™ of RM0.31 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 401 Packaging & Containers companies, DS Sigma Holdings Bhd ranks better than 89.03% 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. DS Sigma Holdings Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 16.92%.

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

XKLS:0269' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 29.4   Med: 52.32   Max: 95.11
Current: 29.4

During the past 7 years, DS Sigma Holdings Bhd's highest ROC (Joel Greenblatt) % was 95.11%. The lowest was 29.40%. And the median was 52.32%.

XKLS:0269's ROC (Joel Greenblatt) % is ranked better than
89.03% of 401 companies
in the Packaging & Containers industry
Industry Median: 8.91 vs XKLS:0269: 29.40

DS Sigma Holdings Bhd's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -17.40% per year.


DS Sigma Holdings Bhd  (XKLS:0269) 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.


DS Sigma Holdings Bhd ROC (Joel Greenblatt) % Related Terms


DS Sigma Holdings Bhd ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for DS Sigma 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.

DS Sigma Holdings Bhd ROC (Joel Greenblatt) % Chart

DS Sigma Holdings Bhd Annual Data
Trend Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial 95.11 89.09 34.11 34.43 30.61

DS Sigma Holdings Bhd Quarterly Data
Jun19 Jun20 Jun21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 31.31 37.33 37.53 24.55 16.92

XKLS:0269 vs SW, PKG, IP: ROC (Joel Greenblatt) % Comparison

For the Packaging & Containers subindustry, DS Sigma 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.


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

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

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


XKLS:0269
59GF Score
DS Sigma Holdings Bhd XKLS:0269
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

DS Sigma 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: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(14.576 + 1.45 + 0) - (10.826 + 0 + 0)
=5.2

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(14.404 + 1.75 + 1.4210854715202E-14) - (9.461 + 0 + -1.7763568394003E-15)
=6.693

When net working capital is negative, 0 is used.

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

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=7.836/( ( (40.72 + max(5.2, 0)) + (40.029 + max(6.693, 0)) )/ 2 )
=7.836/( ( 45.92 + 46.722 )/ 2 )
=7.836/46.321
=16.92 %

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 16.92% mean?
DS Sigma Holdings Bhd (XKLS:0269) has a ROC (Joel Greenblatt) % of 16.92% 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 DS Sigma Holdings Bhd and its competitors. This is 68% below median its historical median of 52.32. Over the past decade, DS Sigma Holdings Bhd's ROC (Joel Greenblatt) % has ranged from 29.40 to 95.11. According to the industry distribution chart, DS Sigma Holdings Bhd ranks #44 out of 401 companies in the Packaging & Containers industry, placing it in the top 11%.
Is DS Sigma Holdings Bhd's ROC (Joel Greenblatt) % too high?
DS Sigma Holdings Bhd's current ROC (Joel Greenblatt) % of 16.92% is 68% below median its 10-year median of 52.32. Over the past 10 years, this metric has ranged from a low of 29.40 to a high of 95.11. The Packaging & Containers industry median ROC (Joel Greenblatt) % is 8.91. DS Sigma Holdings Bhd's value of 16.92% is 89.9% above this industry median. Based on the distribution chart, DS Sigma Holdings Bhd ranks #44 out of 401 companies in the Packaging & Containers industry, which is in the top quartile — a strong position relative to peers. Overall, DS Sigma Holdings Bhd has a GF Score™ of 59/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does DS Sigma Holdings Bhd's ROC (Joel Greenblatt) % compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, DS Sigma Holdings Bhd ranks #44 out of 401 companies for ROC (Joel Greenblatt) %. This places DS Sigma Holdings Bhd in the top 11% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 8.91. DS Sigma Holdings Bhd's value of 16.92% is 89.9% above this benchmark. Historically, DS Sigma Holdings Bhd's own ROC (Joel Greenblatt) % has ranged from 29.40 to 95.11 over the past decade. While the company's 10-year median is 52.32 vs. the industry median of 8.91, DS Sigma Holdings 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 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. DS Sigma Holdings Bhd's current ROC (Joel Greenblatt) % of 16.92% is 89.9% 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 DS Sigma 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. DS Sigma Holdings Bhd's current ROC (Joel Greenblatt) % is 16.92%, which is 68% below median its own 10-year median of 52.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DS Sigma Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, DS Sigma Holdings Bhd (XKLS:0269) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.31, compared to a current price of RM0.24 — trading 22.6% below its estimated fair value. The current ROC (Joel Greenblatt) % is 16.92%, which is 68% below median its 10-year median of 52.32 and 89.9% above the Packaging & Containers industry median of 8.91. DS Sigma Holdings Bhd's overall GF Score™ is 59/100 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 DS Sigma Holdings Bhd (XKLS:0269), the current ROC (Joel Greenblatt) % is 16.92% 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 DS Sigma Holdings Bhd (XKLS:0269) Overvalued in 2026?

Based on GuruFocus' analysis, DS Sigma Holdings Bhd stock appears to be undervalued. The current stock price of RM0.24 is trading 22.6% below its estimated GF Value™ of RM0.31. GuruFocus considers DS Sigma Holdings Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:0269:

  • ROC (Joel Greenblatt) %: 16.92% (68% below median its 10-year median of 52.32)
  • GF Value™: RM0.31 vs. price of RM0.24 (22.6% below fair value)
  • GF Score™: 59/100 with 3 warning signs
  • Industry Position: 89.9% above the Packaging & Containers median (#44 of 401)

No single metric tells the full story. See the XKLS:0269 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


DS Sigma Holdings Bhd Business Description

Address No. 36, Jalan BP 5/6, Bandar Bukit Puchong, Puchong, SGR, MYS, 47100
DS Sigma Holdings Bhd is a total packaging solutions provider in Malaysia. It is principally involved in the manufacturing of corrugated paper packaging products including cartons, protective packaging, and paper pallets as well as supply of non-paper based protective packaging products such as plastic, foam and rubber products. The company operates entirely within Malaysia.
59GF Score

Get the complete analysis for XKLS:0269

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

RM0.24
Price
RM0.31
GF Value