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Kobay Technology BhdXKLS:6971 +1.33%76 ROC (Joel Greenblatt) % is 20.52% as of Mar. 2026, which is 24% above its 10-year median of 16.55. GuruFocus rates XKLS:6971 with a GF Score™ of 76/100 and a GF Value™ of RM1.89 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 3,063 Industrial Products companies, Kobay Technology Bhd ranks worse than 65.49% 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. Kobay Technology Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 20.52%.
The historical rank and industry rank for Kobay Technology Bhd's ROC (Joel Greenblatt) % or its related term are showing as below:
XKLS:6971'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.67 Med: 16.55 Max: 32.33
Current: 5.57
During the past 13 years, Kobay Technology Bhd's highest ROC (Joel Greenblatt) % was 32.33%. The lowest was -0.67%. And the median was 16.55%.
XKLS:6971's ROC (Joel Greenblatt) % is ranked worse than 65.49% of 3063
companies
in the Industrial Products industry
Industry Median: 11.69
vs XKLS:6971: 5.57
Kobay Technology Bhd's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Kobay Technology Bhd (XKLS:6971) 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.
Kobay Technology Bhd ROC (Joel Greenblatt) % Related Terms
Kobay Technology Bhd ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Kobay Technology 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.
Kobay Technology Bhd ROC (Joel Greenblatt) % Chart
XKLS:6971 vs CRS, ATI, MLI: ROC (Joel Greenblatt) % Comparison
For the Metal Fabrication subindustry, Kobay Technology 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.
Kobay Technology Bhd ROC (Joel Greenblatt) % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Kobay Technology Bhd's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Kobay Technology Bhd's ROC (Joel Greenblatt) % falls into.
Kobay Technology 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 20.52% mean?
Kobay Technology Bhd (XKLS:6971) has a ROC (Joel Greenblatt) % of 20.52% 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 Kobay Technology Bhd and its competitors. This is 24% above median its historical median of 16.55. According to the industry distribution chart, Kobay Technology Bhd ranks #2006 out of 3063 companies in the Industrial Products industry, placing it in the top 65.5%.
Is Kobay Technology Bhd's ROC (Joel Greenblatt) % too high?
Kobay Technology Bhd's current ROC (Joel Greenblatt) % of 20.52% is 24% above median its 10-year median of 16.55. The Industrial Products industry median ROC (Joel Greenblatt) % is 11.69. Kobay Technology Bhd's value of 20.52% is 75.5% above this industry median. Based on the distribution chart, Kobay Technology Bhd ranks #2006 out of 3063 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Kobay Technology Bhd has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kobay Technology Bhd's ROC (Joel Greenblatt) % compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Kobay Technology Bhd ranks #2006 out of 3063 companies for ROC (Joel Greenblatt) %. This places Kobay Technology Bhd in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 11.69. Kobay Technology Bhd's value of 20.52% is 75.5% above this benchmark. While the company's 10-year median is 16.55 vs. the industry median of 11.69, Kobay Technology 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 Industrial Products company?
The median ROC (Joel Greenblatt) % among Industrial Products companies is 11.69, based on 3,063 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. Kobay Technology Bhd's current ROC (Joel Greenblatt) % of 20.52% is 75.5% 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 Kobay Technology Bhd and its competitors. For the Industrial Products industry, the median ROC (Joel Greenblatt) % is 11.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kobay Technology Bhd's current ROC (Joel Greenblatt) % is 20.52%, which is 24% above median its own 10-year median of 16.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kobay Technology Bhd stock overvalued right now?
Based on GuruFocus' analysis, Kobay Technology Bhd (XKLS:6971) is currently considered Modestly Overvalued. The stock's GF Value™ is RM1.89, compared to a current price of RM2.28 — trading 20.6% above its estimated fair value. The current ROC (Joel Greenblatt) % is 20.52%, which is 24% above median its 10-year median of 16.55 and 75.5% above the Industrial Products industry median of 11.69. Kobay Technology Bhd's overall GF Score™ is 76/100 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 Kobay Technology Bhd (XKLS:6971), the current ROC (Joel Greenblatt) % is 20.52% 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 Kobay Technology Bhd (XKLS:6971) Overvalued in 2026?
Based on GuruFocus' analysis, Kobay Technology Bhd stock appears to be overvalued.
The current stock price of RM2.28 is trading 20.6% above its estimated GF Value™ of RM1.89.
GuruFocus considers Kobay Technology Bhd to be Modestly Overvalued.
Key valuation signals for XKLS:6971:
ROC (Joel Greenblatt) %: 20.52% (24% above median its 10-year median of 16.55)
GF Value™: RM1.89 vs. price of RM2.28 (20.6% above fair value)
Industry Position: 75.5% above the Industrial Products median (#2006 of 3063)
No single metric tells the full story. See the XKLS:6971 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kobay Technology Bhd is an investment holding company. Along with its subsidiaries, the company operates in the following segments: Manufacturing, Property development, Pharmaceutical and healthcare, Asset Management, Investment holding, and Others. It generates maximum revenue from the Manufacturing segment, which is engaged in the manufacturing of precision machined components, precision stamping, sheet metal parts, surface treatment, precision moulds, tooling and form dies, semiconductor assembly and testing equipment, metal works and structures, modules and parts for oil and gas production and extraction equipment, and components and sub-assemblies for aerospace parts. Geographically, it derives key revenue from Malaysia and the rest from Singapore, the USA, and other regions.
76GF Score
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