Cheetah Holdings Bhd (XKLS:7209) ROC (Joel Greenblatt) %: 15.58% (As of Mar. 2026) — 1755% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

XKLS:7209 Cheetah Holdings Bhd XKLS:7209
34 GF Score
Price RM0.13
GF Value RM0.09
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Cheetah Holdings Bhd ROC (Joel Greenblatt) %?

Cheetah Holdings Bhd XKLS:7209 34 ROC (Joel Greenblatt) % is 15.58% as of Mar. 2026, which is 1755% above its 10-year median of 0.84. GuruFocus rates XKLS:7209 with a GF Score™ of 34/100 and a GF Value™ of RM0.09 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,059 Manufacturing - Apparel & Accessories companies, Cheetah Holdings Bhd ranks worse than 84.7% 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. Cheetah Holdings Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 15.58%.

The historical rank and industry rank for Cheetah Holdings Bhd's ROC (Joel Greenblatt) % or its related term are showing as below:

XKLS:7209' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -18.24   Med: 0.84   Max: 10.99
Current: -9.46

During the past 13 years, Cheetah Holdings Bhd's highest ROC (Joel Greenblatt) % was 10.99%. The lowest was -18.24%. And the median was 0.84%.

XKLS:7209's ROC (Joel Greenblatt) % is ranked worse than
84.7% of 1059 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 8.45 vs XKLS:7209: -9.46

Cheetah Holdings Bhd's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Cheetah Holdings Bhd  (XKLS:7209) 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.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


Cheetah Holdings Bhd ROC (Joel Greenblatt) % Related Terms


Cheetah Holdings Bhd ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Cheetah Holdings 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.

Cheetah Holdings Bhd ROC (Joel Greenblatt) % Chart

Cheetah Holdings Bhd Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.99 -4.97 -17.65 1.24 -18.24

Cheetah Holdings Bhd Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.83 -27.90 -16.83 -11.43 15.58

XKLS:7209 vs RL, LEVI, VFC: ROC (Joel Greenblatt) % Comparison

For the Apparel Manufacturing subindustry, Cheetah 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.


Cheetah Holdings Bhd ROC (Joel Greenblatt) % vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Cheetah Holdings Bhd's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Cheetah Holdings Bhd's ROC (Joel Greenblatt) % falls into.


XKLS:7209
34GF Score
Cheetah Holdings Bhd XKLS:7209
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cheetah 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:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

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.

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(17.648 + 71.26 + 2.466) - (13.776 + 0 + 0)
=77.598

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(25.27 + 64.441 + 0.995) - (7.686 + 0 + -3.5527136788005E-15)
=83.02

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Cheetah Holdings Bhd for the quarter that ended in Mar. 2026 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=14.988/( ( (15.947 + max(77.598, 0)) + (15.815 + max(83.02, 0)) )/ 2 )
=14.988/( ( 93.545 + 98.835 )/ 2 )
=14.988/96.19
=15.58 %

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 15.58% mean?
Cheetah Holdings Bhd (XKLS:7209) has a ROC (Joel Greenblatt) % of 15.58% 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 Cheetah Holdings Bhd and its competitors. This is 1755% above median its historical median of 0.84. According to the industry distribution chart, Cheetah Holdings Bhd ranks #897 out of 1059 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 84.7%.
Is Cheetah Holdings Bhd's ROC (Joel Greenblatt) % too high?
Cheetah Holdings Bhd's current ROC (Joel Greenblatt) % of 15.58% is 1755% above median its 10-year median of 0.84. The Manufacturing - Apparel & Accessories industry median ROC (Joel Greenblatt) % is 8.45. Cheetah Holdings Bhd's value of 15.58% is 84.4% above this industry median. Based on the distribution chart, Cheetah Holdings Bhd ranks #897 out of 1059 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Cheetah Holdings Bhd has a GF Score™ of 34/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cheetah Holdings Bhd's ROC (Joel Greenblatt) % compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Cheetah Holdings Bhd ranks #897 out of 1059 companies for ROC (Joel Greenblatt) %. This places Cheetah Holdings Bhd in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 8.45. Cheetah Holdings Bhd's value of 15.58% is 84.4% above this benchmark. While the company's 10-year median is 0.84 vs. the industry median of 8.45, Cheetah 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 Manufacturing - Apparel & Accessories company?
The median ROC (Joel Greenblatt) % among Manufacturing - Apparel & Accessories companies is 8.45, based on 1,059 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. Cheetah Holdings Bhd's current ROC (Joel Greenblatt) % of 15.58% is 84.4% 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 Cheetah Holdings Bhd and its competitors. For the Manufacturing - Apparel & Accessories industry, the median ROC (Joel Greenblatt) % is 8.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cheetah Holdings Bhd's current ROC (Joel Greenblatt) % is 15.58%, which is 1755% above median its own 10-year median of 0.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cheetah Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Cheetah Holdings Bhd (XKLS:7209) is currently considered Significantly Overvalued. The stock's GF Value™ is RM0.09, compared to a current price of RM0.13 — trading 38.9% above its estimated fair value. The current ROC (Joel Greenblatt) % is 15.58%, which is 1755% above median its 10-year median of 0.84 and 84.4% above the Manufacturing - Apparel & Accessories industry median of 8.45. Cheetah Holdings Bhd's overall GF Score™ is 34/100 with 3 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 Cheetah Holdings Bhd (XKLS:7209), the current ROC (Joel Greenblatt) % is 15.58% 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 Cheetah Holdings Bhd (XKLS:7209) Overvalued in 2026?

Based on GuruFocus' analysis, Cheetah Holdings Bhd stock appears to be overvalued. The current stock price of RM0.13 is trading 38.9% above its estimated GF Value™ of RM0.09. GuruFocus considers Cheetah Holdings Bhd to be Significantly Overvalued.

Key valuation signals for XKLS:7209:

  • ROC (Joel Greenblatt) %: 15.58% (1755% above median its 10-year median of 0.84)
  • GF Value™: RM0.09 vs. price of RM0.13 (38.9% above fair value)
  • GF Score™: 34/100 with 3 warning signs
  • Industry Position: 84.4% above the Manufacturing - Apparel & Accessories median (#897 of 1059)

No single metric tells the full story. See the XKLS:7209 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cheetah Holdings Bhd Business Description

Address Kawasan Perindustrian Kg. Bahru Balakong, Lot 1846, Jalan KPB 6, Darul Ehsan, Seri Kembangan, SGR, MYS, 43300
Cheetah Holdings Bhd Malaysia-based investment holding company engaged in product designing, product development, marketing, and retailing of sports apparel and accessories. Its brands include Cheeta Sports, C2 United, CTH Unlimited, GQ, C. Union, Arissa, Cheetah Junior, Baby Cheetah, Ladybird.
34GF Score

Get the complete analysis for XKLS:7209

ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

RM0.13
Price
RM0.09
GF Value