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.
TSA Group BhdXKLS:0297 -0.58%33 ROC (Joel Greenblatt) % is 10.08% as of Mar. 2026, which is 35% below its 10-year median of 15.53. GuruFocus rates XKLS:0297 with a GF Score™ of 33/100. The stock has 10 warning signs investors should review. Among 632 Steel companies, TSA Group Bhd ranks better than 73.58% 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. TSA Group Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 10.08%.
The historical rank and industry rank for TSA Group Bhd's ROC (Joel Greenblatt) % or its related term are showing as below:
XKLS:0297'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 12.67 Med: 15.53 Max: 41.96
Current: 14.49
During the past 6 years, TSA Group Bhd's highest ROC (Joel Greenblatt) % was 41.96%. The lowest was 12.67%. And the median was 15.53%.
XKLS:0297's ROC (Joel Greenblatt) % is ranked better than 73.58% of 632
companies
in the Steel industry
Industry Median: 7.14
vs XKLS:0297: 14.49
TSA Group Bhd's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -8.10% per year.
TSA Group Bhd (XKLS:0297) 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.
TSA Group Bhd ROC (Joel Greenblatt) % Related Terms
TSA Group Bhd ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for TSA 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:0297 vs NUE, STLD, RS: ROC (Joel Greenblatt) % Comparison
For the Steel subindustry, TSA 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.
TSA Group Bhd ROC (Joel Greenblatt) % vs Steel Industry
For the Steel industry and Basic Materials sector, TSA Group Bhd's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where TSA 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 10.08% mean?
TSA Group Bhd (XKLS:0297) has a ROC (Joel Greenblatt) % of 10.08% 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 TSA Group Bhd and its competitors. This is 35% below median its historical median of 15.53. Over the past decade, TSA Group Bhd's ROC (Joel Greenblatt) % has ranged from 12.67 to 41.96. According to the industry distribution chart, TSA Group Bhd ranks #167 out of 632 companies in the Steel industry, placing it in the top 26.4%.
Is TSA Group Bhd's ROC (Joel Greenblatt) % too high?
TSA Group Bhd's current ROC (Joel Greenblatt) % of 10.08% is 35% below median its 10-year median of 15.53. Over the past 10 years, this metric has ranged from a low of 12.67 to a high of 41.96. The Steel industry median ROC (Joel Greenblatt) % is 7.14. TSA Group Bhd's value of 10.08% is 41.2% above this industry median. Based on the distribution chart, TSA Group Bhd ranks #167 out of 632 companies in the Steel industry, which is above the industry midpoint. Overall, TSA Group Bhd has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does TSA Group Bhd's ROC (Joel Greenblatt) % compare to NUE and STLD?
According to the Steel industry distribution chart, TSA Group Bhd ranks #167 out of 632 companies for ROC (Joel Greenblatt) %. This puts TSA Group Bhd in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 7.14. TSA Group Bhd's value of 10.08% is 41.2% above this benchmark. Historically, TSA Group Bhd's own ROC (Joel Greenblatt) % has ranged from 12.67 to 41.96 over the past decade. While the company's 10-year median is 15.53 vs. the industry median of 7.14, TSA 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 Steel company?
The median ROC (Joel Greenblatt) % among Steel companies is 7.14, based on 632 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. TSA Group Bhd's current ROC (Joel Greenblatt) % of 10.08% is 41.2% 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 TSA Group Bhd and its competitors. For the Steel industry, the median ROC (Joel Greenblatt) % is 7.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TSA Group Bhd's current ROC (Joel Greenblatt) % is 10.08%, which is 35% below median its own 10-year median of 15.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TSA Group Bhd stock overvalued right now?
TSA Group Bhd (XKLS:0297) has a current ROC (Joel Greenblatt) % of 10.08%. The current ROC (Joel Greenblatt) % is 10.08%, which is 35% below median its 10-year median of 15.53 and 41.2% above the Steel industry median of 7.14. TSA Group Bhd's overall GF Score™ is 33/100 with 10 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 TSA Group Bhd (XKLS:0297), the current ROC (Joel Greenblatt) % is 10.08% 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.
TSA Group Bhd is engaged in trading, manufacturing and processing of metal products, mainly of stainless steel. It mainly trades in stainless steel plates, sheets, coils, pipes, square bars, flat bars, round bars, hexagon bars, angle bars, U-channels, chequered and perforated plates, shim and strips, wire, flanges, and pipe fittings. It also supplies products made from other metals comprising copper, aluminum, brass, bronze, lead, and carbon steel. Geographically it operates in Malaysia, Singapore, Bangladesh, Thailand, Indonesia and others, having key revenue from Malaysia.
33GF Score
Get the complete analysis for XKLS:0297
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:0297 has been successfully added to your 
