RCE Capital Bhd (XKLS:9296) ROC (Joel Greenblatt) %: 2,092.41% (As of Mar. 2026) — 5379% 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:9296 RCE Capital Bhd XKLS:9296
67 GF Score
Price RM1.06
GF Value RM1.18
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is RCE Capital Bhd ROC (Joel Greenblatt) %?

RCE Capital Bhd XKLS:9296 -1.85% 67 ROC (Joel Greenblatt) % is 2,092.41% as of Mar. 2026, which is 5379% above its 10-year median of 38.19. GuruFocus rates XKLS:9296 with a GF Score™ of 67/100 and a GF Value™ of RM1.18 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 415 Credit Services companies, RCE Capital Bhd ranks better than 59.04% 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. RCE Capital Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 2,092.41%.

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

XKLS:9296' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 19.43   Med: 38.19   Max: 1512.15
Current: 100.25

During the past 13 years, RCE Capital Bhd's highest ROC (Joel Greenblatt) % was 1512.15%. The lowest was 19.43%. And the median was 38.19%.

XKLS:9296's ROC (Joel Greenblatt) % is ranked better than
59.04% of 415 companies
in the Credit Services industry
Industry Median: 38.99 vs XKLS:9296: 100.25

RCE Capital Bhd's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.80% per year.


RCE Capital Bhd  (XKLS:9296) 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.


RCE Capital Bhd ROC (Joel Greenblatt) % Related Terms


RCE Capital Bhd ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for RCE Capital 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.

RCE Capital Bhd ROC (Joel Greenblatt) % Chart

RCE Capital Bhd Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.69 22.34 21.83 19.43 42.49

RCE Capital 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 44.42 35.86 824.07 1,456.90 2,092.41

XKLS:9296 vs V, MA, AXP: ROC (Joel Greenblatt) % Comparison

For the Credit Services subindustry, RCE Capital 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.


RCE Capital Bhd ROC (Joel Greenblatt) % vs Credit Services Industry

For the Credit Services industry and Financial Services sector, RCE Capital Bhd's ROC (Joel Greenblatt) % distribution charts can be found below:

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


XKLS:9296
67GF Score
RCE Capital Bhd XKLS:9296
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

RCE Capital 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)
=(43.01 + 0 + 2.2737367544323E-13) - (44.114 + 0 + 0)
=-1.1039999999998

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(44.395 + 0 + 0) - (43.679 + 0 + 0)
=0.716

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of RCE Capital 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 )
=174.58/( ( (6.632 + max(-1.1039999999998, 0)) + (9.339 + max(0.716, 0)) )/ 2 )
=174.58/( ( 6.632 + 10.055 )/ 2 )
=174.58/8.3435
=2,092.41 %

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 2,092.41% mean?
RCE Capital Bhd (XKLS:9296) has a ROC (Joel Greenblatt) % of 2,092.41% 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 RCE Capital Bhd and its competitors. This is 5379% above median its historical median of 38.19. Over the past decade, RCE Capital Bhd's ROC (Joel Greenblatt) % has ranged from 19.43 to 1,512.15. According to the industry distribution chart, RCE Capital Bhd ranks #170 out of 415 companies in the Credit Services industry, placing it in the top 41%.
Is RCE Capital Bhd's ROC (Joel Greenblatt) % too high?
RCE Capital Bhd's current ROC (Joel Greenblatt) % of 2,092.41% is 5379% above median its 10-year median of 38.19. Over the past 10 years, this metric has ranged from a low of 19.43 to a high of 1,512.15. The Credit Services industry median ROC (Joel Greenblatt) % is 38.99. RCE Capital Bhd's value of 2,092.41% is 5266.5% above this industry median. Based on the distribution chart, RCE Capital Bhd ranks #170 out of 415 companies in the Credit Services industry, which is above the industry midpoint. Overall, RCE Capital Bhd has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does RCE Capital Bhd's ROC (Joel Greenblatt) % compare to V and MA?
According to the Credit Services industry distribution chart, RCE Capital Bhd ranks #170 out of 415 companies for ROC (Joel Greenblatt) %. This puts RCE Capital Bhd in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 38.99. RCE Capital Bhd's value of 2,092.41% is 5266.5% above this benchmark. Historically, RCE Capital Bhd's own ROC (Joel Greenblatt) % has ranged from 19.43 to 1,512.15 over the past decade. While the company's 10-year median is 38.19 vs. the industry median of 38.99, RCE Capital 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 Credit Services company?
The median ROC (Joel Greenblatt) % among Credit Services companies is 38.99, based on 415 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. RCE Capital Bhd's current ROC (Joel Greenblatt) % of 2,092.41% is 5266.5% 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 RCE Capital Bhd and its competitors. For the Credit Services industry, the median ROC (Joel Greenblatt) % is 38.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. RCE Capital Bhd's current ROC (Joel Greenblatt) % is 2,092.41%, which is 5379% above median its own 10-year median of 38.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RCE Capital Bhd stock overvalued right now?
Based on GuruFocus' analysis, RCE Capital Bhd (XKLS:9296) is currently considered Modestly Undervalued. The stock's GF Value™ is RM1.18, compared to a current price of RM1.06 — trading 10.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is 2,092.41%, which is 5379% above median its 10-year median of 38.19 and 5266.5% above the Credit Services industry median of 38.99. RCE Capital 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 RCE Capital Bhd (XKLS:9296), the current ROC (Joel Greenblatt) % is 2,092.41% 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 RCE Capital Bhd (XKLS:9296) Overvalued in 2026?

Based on GuruFocus' analysis, RCE Capital Bhd stock appears to be undervalued. The current stock price of RM1.06 is trading 10.2% below its estimated GF Value™ of RM1.18. GuruFocus considers RCE Capital Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:9296:

  • ROC (Joel Greenblatt) %: 2,092.41% (5379% above median its 10-year median of 38.19)
  • GF Value™: RM1.18 vs. price of RM1.06 (10.2% below fair value)
  • GF Score™: 67/100 with 6 warning signs
  • Industry Position: 5266.5% above the Credit Services median (#170 of 415)

No single metric tells the full story. See the XKLS:9296 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


RCE Capital Bhd Business Description

Address No. 1, Jalan Lumut, 20th Floor, Menara Teo Chew, Kuala Lumpur, MYS, 50400
RCE Capital Bhd is engaged in the business of investment holding and the provision of management services. Its core business operations include the delivery of shariah-compliant financing services to civil servants to generate sustainable returns for stakeholders. It is also engaged in other businesses such as the processing and administration of payroll collection, and providing financial administrative services.
67GF Score

Get the complete analysis for XKLS:9296

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

RM1.06
Price
RM1.18
GF Value