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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. Tien Wah Press Holdings Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -1.41%.
The historical rank and industry rank for Tien Wah Press Holdings Bhd's ROC (Joel Greenblatt) % or its related term are showing as below:
XKLS:7374'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -9.97 Med: 4.88 Max: 17.28
Current: 5.13
During the past 13 years, Tien Wah Press Holdings Bhd's highest ROC (Joel Greenblatt) % was 17.28%. The lowest was -9.97%. And the median was 4.88%.
XKLS:7374's ROC (Joel Greenblatt) % is ranked worse than 71.38% of 1083
companies
in the Business Services industry
Industry Median: 21.22
vs XKLS:7374: 5.13
Tien Wah Press Holdings Bhd (XKLS:7374) 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.
* 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.
Tien Wah Press Holdings Bhd ROC (Joel Greenblatt) % Chart
XKLS:7374 vs CTAS, CPRT, ULS: ROC (Joel Greenblatt) % Comparison
For the Specialty Business Services subindustry, Tien Wah Press 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.
Tien Wah Press Holdings Bhd ROC (Joel Greenblatt) % vs Business Services Industry
For the Business Services industry and Industrials sector, Tien Wah Press Holdings Bhd's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Tien Wah Press Holdings Bhd's ROC (Joel Greenblatt) % falls into.
Tien Wah Press 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:
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 -1.41% mean?
Tien Wah Press Holdings Bhd (XKLS:7374) has a ROC (Joel Greenblatt) % of -1.41% 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 Tien Wah Press Holdings Bhd and its competitors. According to the industry distribution chart, Tien Wah Press Holdings Bhd ranks #773 out of 1083 companies in the Business Services industry, placing it in the top 71.4%.
Is Tien Wah Press Holdings Bhd's ROC (Joel Greenblatt) % too high?
Tien Wah Press Holdings Bhd's current ROC (Joel Greenblatt) % is -1.41%. Based on the distribution chart, Tien Wah Press Holdings Bhd ranks #773 out of 1083 companies in the Business Services industry, which is below the industry midpoint. Overall, Tien Wah Press Holdings Bhd has a GF Score™ of 46/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tien Wah Press Holdings Bhd's ROC (Joel Greenblatt) % compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Tien Wah Press Holdings Bhd ranks #773 out of 1083 companies for ROC (Joel Greenblatt) %. This places Tien Wah Press Holdings Bhd in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 21.22. 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 Business Services company?
The median ROC (Joel Greenblatt) % among Business Services companies is 21.22, based on 1,083 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. 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 Tien Wah Press Holdings Bhd and its competitors. For the Business Services industry, the median ROC (Joel Greenblatt) % is 21.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tien Wah Press Holdings Bhd's current ROC (Joel Greenblatt) % is -1.41%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tien Wah Press Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Tien Wah Press Holdings Bhd (XKLS:7374) is currently considered Fairly Valued. The stock's GF Value™ is RM0.80, compared to a current price of RM0.79 — trading 1.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is -1.41%. Tien Wah Press Holdings Bhd's overall GF Score™ is 46/100 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 Tien Wah Press Holdings Bhd (XKLS:7374), the current ROC (Joel Greenblatt) % is -1.41% 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 Tien Wah Press Holdings Bhd (XKLS:7374) Overvalued in 2026?
Based on GuruFocus' analysis, Tien Wah Press Holdings Bhd stock appears to be undervalued.
The current stock price of RM0.79 is trading 1.3% below its estimated GF Value™ of RM0.80.
GuruFocus considers Tien Wah Press Holdings Bhd to be Fairly Valued.
Key valuation signals for XKLS:7374:
ROC (Joel Greenblatt) %: -1.41%
GF Value™: RM0.80 vs. price of RM0.79 (1.3% below fair value)
No single metric tells the full story. See the XKLS:7374 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tien Wah Press Holdings Bhd is a print packaging company. It offers a packaging solution and produces mainly gravure and offset printed materials for tobacco packaging, including cigarette packs, fast-moving consumer product packaging, and labels. Products of the group include flat unglued blanks, crash bottom or auto-lock cartons, labeled cartons, cartons with peelable labels/stickers, clamshells, and trays, UV-coated cartons, glued skillet cartons, multiwall cartons comprising inner frames, cartons with CD inserts, and barrier coated carton for grease and moisture resistance. Its geographic segments include Asia Pacific and the Middle East.
46GF Score
Get the complete analysis for XKLS:7374
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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