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Zelan BhdXKLS:2283 ROC (Joel Greenblatt) % is 859.25% as of Mar. 2026, which is 222% above its 10-year median of 266.44. The stock has 8 warning signs investors should review. Among 1,782 Construction companies, Zelan Bhd ranks worse than 99.1% 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. Zelan Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 859.25%.
The historical rank and industry rank for Zelan Bhd's ROC (Joel Greenblatt) % or its related term are showing as below:
XKLS:2283'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1727.06 Med: 266.44 Max: 2539.06
Current: -1727.06
During the past 13 years, Zelan Bhd's highest ROC (Joel Greenblatt) % was 2539.06%. The lowest was -1727.06%. And the median was 266.44%.
XKLS:2283's ROC (Joel Greenblatt) % is ranked worse than 99.1% of 1782
companies
in the Construction industry
Industry Median: 19.6
vs XKLS:2283: -1727.06
Zelan Bhd's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Zelan Bhd (XKLS:2283) 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.
The historical data trend for Zelan 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:2283 vs PWR, FIX, EME: ROC (Joel Greenblatt) % Comparison
For the Engineering & Construction subindustry, Zelan 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.
Zelan Bhd ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Zelan Bhd's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Zelan 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 859.25% mean?
Zelan Bhd (XKLS:2283) has a ROC (Joel Greenblatt) % of 859.25% 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 Zelan Bhd and its competitors. This is 222% above median its historical median of 266.44. According to the industry distribution chart, Zelan Bhd ranks #1766 out of 1782 companies in the Construction industry, placing it in the top 99.1%.
Is Zelan Bhd's ROC (Joel Greenblatt) % too high?
Zelan Bhd's current ROC (Joel Greenblatt) % of 859.25% is 222% above median its 10-year median of 266.44. The Construction industry median ROC (Joel Greenblatt) % is 19.60. Zelan Bhd's value of 859.25% is 4283.9% above this industry median. Based on the distribution chart, Zelan Bhd ranks #1766 out of 1782 companies in the Construction industry, which is in the bottom quartile relative to peers.
How does Zelan Bhd's ROC (Joel Greenblatt) % compare to PWR and FIX?
According to the Construction industry distribution chart, Zelan Bhd ranks #1766 out of 1782 companies for ROC (Joel Greenblatt) %. This places Zelan Bhd in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 19.60. Zelan Bhd's value of 859.25% is 4283.9% above this benchmark. While the company's 10-year median is 266.44 vs. the industry median of 19.60, Zelan 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. Zelan Bhd's current ROC (Joel Greenblatt) % of 859.25% is 4283.9% 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 Zelan 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. Zelan Bhd's current ROC (Joel Greenblatt) % is 859.25%, which is 222% above median its own 10-year median of 266.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zelan Bhd stock overvalued right now?
Based on GuruFocus' analysis, Zelan Bhd (XKLS:2283) is currently considered Significantly Overvalued. The stock's GF Value™ is RM0.03, compared to a current price of RM0.07 — trading 133.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is 859.25%, which is 222% above median its 10-year median of 266.44 and 4283.9% above the Construction industry median of 19.60. 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 Zelan Bhd (XKLS:2283), the current ROC (Joel Greenblatt) % is 859.25% 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.
Zelan Bhd is a company involved in the engineering and construction business sector. The company business segments are the Engineering and Construction segment, which includes projects in Indonesia, the Middle East, and Malaysia, the Property and Development business segment, which includes rental income, car park income, and management fees; the Asset facility management business segment are asset management services provided for the concession agreement; and Investment business segment includes rental income. The majority of the revenue is derived from Asset facility management segment.
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