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HE Group BhdXKLS:0296 49 ROC (Joel Greenblatt) % is 272.73% as of Mar. 2026, which is 20% above its 10-year median of 228.07. GuruFocus rates XKLS:0296 with a GF Score™ of 49/100. The stock has 5 warning signs investors should review. Among 1,782 Construction companies, HE Group Bhd ranks better than 95.68% 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. HE Group Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 272.73%.
The historical rank and industry rank for HE Group Bhd's ROC (Joel Greenblatt) % or its related term are showing as below:
XKLS:0296'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 59.11 Med: 228.07 Max: 541.36
Current: 368.51
During the past 6 years, HE Group Bhd's highest ROC (Joel Greenblatt) % was 541.36%. The lowest was 59.11%. And the median was 228.07%.
XKLS:0296's ROC (Joel Greenblatt) % is ranked better than 95.68% of 1782
companies
in the Construction industry
Industry Median: 19.56
vs XKLS:0296: 368.51
HE Group Bhd's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 16.00% per year.
HE Group Bhd (XKLS:0296) 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.
HE Group Bhd ROC (Joel Greenblatt) % Related Terms
HE Group Bhd ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for HE Group 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:0296 vs PWR, FIX, EME: ROC (Joel Greenblatt) % Comparison
For the Engineering & Construction subindustry, HE Group 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.
HE Group Bhd ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, HE Group Bhd's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where HE Group 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 272.73% mean?
HE Group Bhd (XKLS:0296) has a ROC (Joel Greenblatt) % of 272.73% 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 HE Group Bhd and its competitors. This is 20% above median its historical median of 228.07. Over the past decade, HE Group Bhd's ROC (Joel Greenblatt) % has ranged from 59.11 to 541.36. According to the industry distribution chart, HE Group Bhd ranks #77 out of 1782 companies in the Construction industry, placing it in the top 4.3%.
Is HE Group Bhd's ROC (Joel Greenblatt) % too high?
HE Group Bhd's current ROC (Joel Greenblatt) % of 272.73% is 20% above median its 10-year median of 228.07. Over the past 10 years, this metric has ranged from a low of 59.11 to a high of 541.36. The Construction industry median ROC (Joel Greenblatt) % is 19.56. HE Group Bhd's value of 272.73% is 1294.3% above this industry median. Based on the distribution chart, HE Group Bhd ranks #77 out of 1782 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, HE Group Bhd has a GF Score™ of 49/100, reflecting its overall financial health beyond just this single metric.
How does HE Group Bhd's ROC (Joel Greenblatt) % compare to PWR and FIX?
According to the Construction industry distribution chart, HE Group Bhd ranks #77 out of 1782 companies for ROC (Joel Greenblatt) %. This places HE Group Bhd in the top 4% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 19.56. HE Group Bhd's value of 272.73% is 1294.3% above this benchmark. Historically, HE Group Bhd's own ROC (Joel Greenblatt) % has ranged from 59.11 to 541.36 over the past decade. While the company's 10-year median is 228.07 vs. the industry median of 19.56, HE Group 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 19.56, 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. HE Group Bhd's current ROC (Joel Greenblatt) % of 272.73% is 1294.3% 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 HE Group Bhd and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HE Group Bhd's current ROC (Joel Greenblatt) % is 272.73%, which is 20% above median its own 10-year median of 228.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HE Group Bhd stock overvalued right now?
HE Group Bhd (XKLS:0296) has a current ROC (Joel Greenblatt) % of 272.73%. The current ROC (Joel Greenblatt) % is 272.73%, which is 20% above median its 10-year median of 228.07 and 1294.3% above the Construction industry median of 19.56. HE Group Bhd's overall GF Score™ is 49/100 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 HE Group Bhd (XKLS:0296), the current ROC (Joel Greenblatt) % is 272.73% 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.
HE Group Bhd is an electrical engineering service provider focusing on power distribution systems for end-user premises such as industrial plants and industrial and commercial substations. It is involved in the design, supply, installation, testing, and commissioning of HV, MV, LV, and ELV power distribution systems, as well as hook-up and retrofitting of electrical equipment. It also provides other building systems and works, including mechanical systems, control, and instrumentation systems, as well as civil, structural, and architectural works. Its segment includes, the provision of power distribution systems that generates maximum revenue, other building systems and works, electrical equipment hook-up and retrofitting, and trading of electrical products.
49GF Score
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