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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. RTS Technology Holdings Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 227.17%.
The historical rank and industry rank for RTS Technology Holdings Bhd's ROC (Joel Greenblatt) % or its related term are showing as below:
XKLS:03039'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 18.24 Med: 25.11 Max: 56.55
Current: 31.3
During the past 7 years, RTS Technology Holdings Bhd's highest ROC (Joel Greenblatt) % was 56.55%. The lowest was 18.24%. And the median was 25.11%.
XKLS:03039's ROC (Joel Greenblatt) % is not ranked
in the Software industry.
Industry Median: 19.89
vs XKLS:03039: 31.30
RTS Technology Holdings Bhd (XKLS:03039) 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.
* 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.
RTS Technology Holdings Bhd ROC (Joel Greenblatt) % Chart
XKLS:03039 vs IBM, ACN, FISV: ROC (Joel Greenblatt) % Comparison
For the Information Technology Services subindustry, RTS Technology 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.
RTS Technology Holdings Bhd ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, RTS Technology Holdings Bhd's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where RTS Technology Holdings Bhd's ROC (Joel Greenblatt) % falls into.
RTS Technology 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:
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 two times the semi-annual (Dec. 2025) 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 227.17% mean?
RTS Technology Holdings Bhd (XKLS:03039) has a ROC (Joel Greenblatt) % of 227.17% as of Dec. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on RTS Technology Holdings Bhd and its competitors. This is 805% above median its historical median of 25.11. Over the past decade, RTS Technology Holdings Bhd's ROC (Joel Greenblatt) % has ranged from 18.24 to 56.55.
Is RTS Technology Holdings Bhd's ROC (Joel Greenblatt) % too high?
RTS Technology Holdings Bhd's current ROC (Joel Greenblatt) % of 227.17% is 805% above median its 10-year median of 25.11. Over the past 10 years, this metric has ranged from a low of 18.24 to a high of 56.55. The Software industry median ROC (Joel Greenblatt) % is 19.89. RTS Technology Holdings Bhd's value of 227.17% is 1042.1% above this industry median. Overall, RTS Technology Holdings Bhd has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does RTS Technology Holdings Bhd's ROC (Joel Greenblatt) % compare to IBM and ACN?
RTS Technology Holdings Bhd's ROC (Joel Greenblatt) % of 227.17% can be compared against companies in the Software industry. The industry median ROC (Joel Greenblatt) % is 19.89. RTS Technology Holdings Bhd's value of 227.17% is 1042.1% above this benchmark. Historically, RTS Technology Holdings Bhd's own ROC (Joel Greenblatt) % has ranged from 18.24 to 56.55 over the past decade. While the company's 10-year median is 25.11 vs. the industry median of 19.89, RTS Technology 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 Software company?
The median ROC (Joel Greenblatt) % among Software companies is 19.89, based on 2,811 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. RTS Technology Holdings Bhd's current ROC (Joel Greenblatt) % of 227.17% is 1042.1% 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 RTS Technology Holdings Bhd and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 19.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. RTS Technology Holdings Bhd's current ROC (Joel Greenblatt) % is 227.17%, which is 805% above median its own 10-year median of 25.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RTS Technology Holdings Bhd stock overvalued right now?
RTS Technology Holdings Bhd (XKLS:03039) has a current ROC (Joel Greenblatt) % of 227.17%. The stock's GF Value™ is RM0.30, compared to a current price of RM0.17 — trading 45% below its estimated fair value. The current ROC (Joel Greenblatt) % is 227.17%, which is 805% above median its 10-year median of 25.11 and 1042.1% above the Software industry median of 19.89. RTS Technology Holdings Bhd's overall GF Score™ is 34/100 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 RTS Technology Holdings Bhd (XKLS:03039), the current ROC (Joel Greenblatt) % is 227.17% as of Dec. 2025. 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 RTS Technology Holdings Bhd (XKLS:03039) Overvalued in 2026?
Based on GuruFocus' analysis, RTS Technology Holdings Bhd stock appears to be undervalued.
The current stock price of RM0.17 is trading 45% below its estimated GF Value™ of RM0.30.
Key valuation signals for XKLS:03039:
ROC (Joel Greenblatt) %: 227.17% (805% above median its 10-year median of 25.11)
GF Value™: RM0.30 vs. price of RM0.17 (45% below fair value)
Industry Position: 1042.1% above the Software median
No single metric tells the full story. See the XKLS:03039 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
RTS Technology Holdings Bhd is a multi-disciplinary technology company committed to providing solutions to help optimize the operational efficiencies of toll collection operations. Along with its subsidiaries, the company operates in the following business segments; Service rendered which derives key revenue and includes design, engineering, and system integration of expressway toll collection system; and the Sale of software system and equipment-related services segment which represents the sale of goods and service rendered which is trading in nature and maintenance service for the expressway toll collection system. Geographically, it derives maximum revenue from its customers in Malaysia followed by Myanmar and Philippines.
34GF Score
Get the complete analysis for XKLS:03039
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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