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Axiata Group BhdXKLS:6888 -0.51%67 ROC (Joel Greenblatt) % is 19.31% as of Mar. 2026, which is 157% above its 10-year median of 7.50. GuruFocus rates XKLS:6888 with a GF Score™ of 67/100 and a GF Value™ of RM1.81 (Fairly Valued). The stock has 6 warning signs investors should review. Among 364 Telecommunication Services companies, Axiata Group Bhd ranks worse than 53.85% 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. Axiata Group Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 19.31%.
The historical rank and industry rank for Axiata Group Bhd's ROC (Joel Greenblatt) % or its related term are showing as below:
XKLS:6888'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -12.21 Med: 7.5 Max: 12.68
Current: 12.4
During the past 13 years, Axiata Group Bhd's highest ROC (Joel Greenblatt) % was 12.68%. The lowest was -12.21%. And the median was 7.50%.
XKLS:6888's ROC (Joel Greenblatt) % is ranked worse than 53.85% of 364
companies
in the Telecommunication Services industry
Industry Median: 14.97
vs XKLS:6888: 12.40
Axiata Group Bhd's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Axiata Group Bhd (XKLS:6888) 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.
Axiata Group Bhd ROC (Joel Greenblatt) % Related Terms
Axiata Group Bhd ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Axiata 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:6888 vs TMUS, VZ, T: ROC (Joel Greenblatt) % Comparison
For the Telecom Services subindustry, Axiata 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.
Axiata Group Bhd ROC (Joel Greenblatt) % vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Axiata Group Bhd's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Axiata Group Bhd's ROC (Joel Greenblatt) % falls into.
Axiata Group 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 19.31% mean?
Axiata Group Bhd (XKLS:6888) has a ROC (Joel Greenblatt) % of 19.31% 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 Axiata Group Bhd and its competitors. This is 157% above median its historical median of 7.50. According to the industry distribution chart, Axiata Group Bhd ranks #196 out of 364 companies in the Telecommunication Services industry, placing it in the top 53.8%.
Is Axiata Group Bhd's ROC (Joel Greenblatt) % too high?
Axiata Group Bhd's current ROC (Joel Greenblatt) % of 19.31% is 157% above median its 10-year median of 7.50. The Telecommunication Services industry median ROC (Joel Greenblatt) % is 14.97. Axiata Group Bhd's value of 19.31% is 29% above this industry median. Based on the distribution chart, Axiata Group Bhd ranks #196 out of 364 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, Axiata Group Bhd has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Axiata Group Bhd's ROC (Joel Greenblatt) % compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Axiata Group Bhd ranks #196 out of 364 companies for ROC (Joel Greenblatt) %. This places Axiata Group Bhd in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 14.97. Axiata Group Bhd's value of 19.31% is 29% above this benchmark. While the company's 10-year median is 7.50 vs. the industry median of 14.97, Axiata 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 Telecommunication Services company?
The median ROC (Joel Greenblatt) % among Telecommunication Services companies is 14.97, based on 364 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. Axiata Group Bhd's current ROC (Joel Greenblatt) % of 19.31% is 29% 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 Axiata Group Bhd and its competitors. For the Telecommunication Services industry, the median ROC (Joel Greenblatt) % is 14.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Axiata Group Bhd's current ROC (Joel Greenblatt) % is 19.31%, which is 157% above median its own 10-year median of 7.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Axiata Group Bhd stock overvalued right now?
Based on GuruFocus' analysis, Axiata Group Bhd (XKLS:6888) is currently considered Fairly Valued. The stock's GF Value™ is RM1.81, compared to a current price of RM1.94 — trading 7.2% above its estimated fair value. The current ROC (Joel Greenblatt) % is 19.31%, which is 157% above median its 10-year median of 7.50 and 29% above the Telecommunication Services industry median of 14.97. Axiata Group Bhd's overall GF Score™ is 67/100 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 Axiata Group Bhd (XKLS:6888), the current ROC (Joel Greenblatt) % is 19.31% 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 Axiata Group Bhd (XKLS:6888) Overvalued in 2026?
Based on GuruFocus' analysis, Axiata Group Bhd stock appears to be overvalued.
The current stock price of RM1.94 is trading 7.2% above its estimated GF Value™ of RM1.81.
GuruFocus considers Axiata Group Bhd to be Fairly Valued.
Key valuation signals for XKLS:6888:
ROC (Joel Greenblatt) %: 19.31% (157% above median its 10-year median of 7.50)
GF Value™: RM1.81 vs. price of RM1.94 (7.2% above fair value)
Industry Position: 29% above the Telecommunication Services median (#196 of 364)
No single metric tells the full story. See the XKLS:6888 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Axiata Group Bhd is a telecommunications company. The business segment of the company is the Digital telco/Mobile segment, which includes the provision of mobile services and other services such as the provision of interconnect services, sale of devices, pay television transmission services, broadband services, digital business, and others; the Digital segment is engaged in the multimedia advertising, creative content, e-commerce enablement; Infrastructure segment is engaged in the provision of telecommunication infrastructure and related services; and Others comprise investment holding entities, financing entities and other operating companies providing other services including digital business and fibre optic transmission.
67GF Score
Get the complete analysis for XKLS:6888
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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