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.
Mega First BhdXKLS:3069 -0.35%76 ROC (Joel Greenblatt) % is 24.91% as of Mar. 2026, which is 53% below its 10-year median of 53.28. GuruFocus rates XKLS:3069 with a GF Score™ of 76/100 and a GF Value™ of RM3.18 (Fairly Valued). The stock has 6 warning signs investors should review. Among 505 Utilities - Regulated companies, Mega First Bhd ranks better than 84.55% 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. Mega First Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 24.91%.
The historical rank and industry rank for Mega First Bhd's ROC (Joel Greenblatt) % or its related term are showing as below:
XKLS:3069'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 28.07 Med: 53.28 Max: 90.14
Current: 38.62
During the past 13 years, Mega First Bhd's highest ROC (Joel Greenblatt) % was 90.14%. The lowest was 28.07%. And the median was 53.28%.
XKLS:3069's ROC (Joel Greenblatt) % is ranked better than 84.55% of 505
companies
in the Utilities - Regulated industry
Industry Median: 10.84
vs XKLS:3069: 38.62
Mega First Bhd's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -15.70% per year.
Mega First Bhd (XKLS:3069) 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.
Mega First Bhd ROC (Joel Greenblatt) % Related Terms
Mega First Bhd ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Mega First 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:3069 vs NEE, SO, DUK: ROC (Joel Greenblatt) % Comparison
For the Utilities - Regulated Electric subindustry, Mega First 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.
Mega First Bhd ROC (Joel Greenblatt) % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Mega First Bhd's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Mega First Bhd's ROC (Joel Greenblatt) % falls into.
Mega First 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 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 24.91% mean?
Mega First Bhd (XKLS:3069) has a ROC (Joel Greenblatt) % of 24.91% 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 Mega First Bhd and its competitors. This is 53% below median its historical median of 53.28. Over the past decade, Mega First Bhd's ROC (Joel Greenblatt) % has ranged from 28.07 to 90.14. According to the industry distribution chart, Mega First Bhd ranks #78 out of 505 companies in the Utilities - Regulated industry, placing it in the top 15.4%.
Is Mega First Bhd's ROC (Joel Greenblatt) % too high?
Mega First Bhd's current ROC (Joel Greenblatt) % of 24.91% is 53% below median its 10-year median of 53.28. Over the past 10 years, this metric has ranged from a low of 28.07 to a high of 90.14. The Utilities - Regulated industry median ROC (Joel Greenblatt) % is 10.84. Mega First Bhd's value of 24.91% is 129.8% above this industry median. Based on the distribution chart, Mega First Bhd ranks #78 out of 505 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Mega First Bhd has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mega First Bhd's ROC (Joel Greenblatt) % compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Mega First Bhd ranks #78 out of 505 companies for ROC (Joel Greenblatt) %. This places Mega First Bhd in the top 15% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 10.84. Mega First Bhd's value of 24.91% is 129.8% above this benchmark. Historically, Mega First Bhd's own ROC (Joel Greenblatt) % has ranged from 28.07 to 90.14 over the past decade. While the company's 10-year median is 53.28 vs. the industry median of 10.84, Mega First 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 an Utilities - Regulated company?
The median ROC (Joel Greenblatt) % among Utilities - Regulated companies is 10.84, based on 505 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. Mega First Bhd's current ROC (Joel Greenblatt) % of 24.91% is 129.8% 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 Mega First Bhd and its competitors. For the Utilities - Regulated industry, the median ROC (Joel Greenblatt) % is 10.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mega First Bhd's current ROC (Joel Greenblatt) % is 24.91%, which is 53% below median its own 10-year median of 53.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mega First Bhd stock overvalued right now?
Based on GuruFocus' analysis, Mega First Bhd (XKLS:3069) is currently considered Fairly Valued. The stock's GF Value™ is RM3.18, compared to a current price of RM2.88 — trading 9.4% below its estimated fair value. The current ROC (Joel Greenblatt) % is 24.91%, which is 53% below median its 10-year median of 53.28 and 129.8% above the Utilities - Regulated industry median of 10.84. Mega First Bhd's overall GF Score™ is 76/100 with 6 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 Mega First Bhd (XKLS:3069), the current ROC (Joel Greenblatt) % is 24.91% 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 Mega First Bhd (XKLS:3069) Overvalued in 2026?
Based on GuruFocus' analysis, Mega First Bhd stock appears to be undervalued.
The current stock price of RM2.88 is trading 9.4% below its estimated GF Value™ of RM3.18.
GuruFocus considers Mega First Bhd to be Fairly Valued.
Key valuation signals for XKLS:3069:
ROC (Joel Greenblatt) %: 24.91% (53% below median its 10-year median of 53.28)
GF Value™: RM3.18 vs. price of RM2.88 (9.4% below fair value)
Industry Position: 129.8% above the Utilities - Regulated median (#78 of 505)
No single metric tells the full story. See the XKLS:3069 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mega First Corp Bhd is an investment holding company. The group is organized into three main business segments as follows - Renewable Energy, Resources, Packaging, and Investment Renewable Holding and Others. The Renewable Energy segment builds, owns, and operates renewable power plants. The Resources segment is engaged in the quarrying of limestone, manufacturing and trading of lime products, and calcium carbonate powder. The Packaging segment is engaged in the Manufacturing and distribution of flexible packaging materials and products, paper bags, labels and stickers. The majority of its revenue is derived from the Renewable Energy segment. Geographically, the company derives majority of its revenue from the Lao PDR.
76GF Score
Get the complete analysis for XKLS:3069
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:3069 has been successfully added to your 
