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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. FSBM Holdings Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 48.68%.
The historical rank and industry rank for FSBM Holdings Bhd's ROC (Joel Greenblatt) % or its related term are showing as below:
XKLS:9377'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -625.08 Med: -74.11 Max: 102.37
Current: -96.3
During the past 13 years, FSBM Holdings Bhd's highest ROC (Joel Greenblatt) % was 102.37%. The lowest was -625.08%. And the median was -74.11%.
XKLS:9377's ROC (Joel Greenblatt) % is ranked worse than 92.21% of 2490
companies
in the Hardware industry
Industry Median: 10.445
vs XKLS:9377: -96.30
FSBM Holdings Bhd's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
FSBM Holdings Bhd (XKLS:9377) 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.
FSBM Holdings Bhd ROC (Joel Greenblatt) % Related Terms
FSBM Holdings Bhd ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for FSBM 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.
XKLS:9377 vs SNX, ARW, AVT: ROC (Joel Greenblatt) % Comparison
For the Electronics & Computer Distribution subindustry, FSBM 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.
FSBM Holdings Bhd ROC (Joel Greenblatt) % vs Hardware Industry
For the Hardware industry and Technology sector, FSBM Holdings Bhd's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where FSBM Holdings Bhd's ROC (Joel Greenblatt) % falls into.
FSBM 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 48.68% mean?
FSBM Holdings Bhd (XKLS:9377) has a ROC (Joel Greenblatt) % of 48.68% 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 FSBM Holdings Bhd and its competitors. According to the industry distribution chart, FSBM Holdings Bhd ranks #2296 out of 2490 companies in the Hardware industry, placing it in the top 92.2%.
Is FSBM Holdings Bhd's ROC (Joel Greenblatt) % too high?
FSBM Holdings Bhd's current ROC (Joel Greenblatt) % is 48.68%. The Hardware industry median ROC (Joel Greenblatt) % is 10.45. FSBM Holdings Bhd's value of 48.68% is 366.1% above this industry median. Based on the distribution chart, FSBM Holdings Bhd ranks #2296 out of 2490 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, FSBM Holdings Bhd has a GF Score™ of 29/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does FSBM Holdings Bhd's ROC (Joel Greenblatt) % compare to SNX and ARW?
According to the Hardware industry distribution chart, FSBM Holdings Bhd ranks #2296 out of 2490 companies for ROC (Joel Greenblatt) %. This places FSBM Holdings Bhd in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 10.45. FSBM Holdings Bhd's value of 48.68% is 366.1% above this benchmark. 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 Hardware company?
The median ROC (Joel Greenblatt) % among Hardware companies is 10.45, based on 2,490 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. FSBM Holdings Bhd's current ROC (Joel Greenblatt) % of 48.68% is 366.1% 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 FSBM Holdings Bhd and its competitors. For the Hardware industry, the median ROC (Joel Greenblatt) % is 10.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FSBM Holdings Bhd's current ROC (Joel Greenblatt) % is 48.68%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FSBM Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, FSBM Holdings Bhd (XKLS:9377) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.27, compared to a current price of RM0.18 — trading 33.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is 48.68% and 366.1% above the Hardware industry median of 10.45. FSBM Holdings Bhd's overall GF Score™ is 29/100 with 4 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 FSBM Holdings Bhd (XKLS:9377), the current ROC (Joel Greenblatt) % is 48.68% 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 FSBM Holdings Bhd (XKLS:9377) Overvalued in 2026?
Based on GuruFocus' analysis, FSBM Holdings Bhd stock appears to be undervalued.
The current stock price of RM0.18 is trading 33.3% below its estimated GF Value™ of RM0.27.
GuruFocus considers FSBM Holdings Bhd to be Possible Value Trap.
Key valuation signals for XKLS:9377:
ROC (Joel Greenblatt) %: 48.68%
GF Value™: RM0.27 vs. price of RM0.18 (33.3% below fair value)
Industry Position: 366.1% above the Hardware median (#2296 of 2490)
No single metric tells the full story. See the XKLS:9377 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FSBM Holdings Bhd is an investment holding company that distributes computers, computer-related products, education-related products, and the provision of related services. The company's reportable segments: The platform design and development include the development of web-based and mobile platforms for customers. The Refurbishment services include refurbishment of pre-owned IT hardware. The lease services include the leasing of IT hardware. The technical support and maintenance services include after-sales service following the completion of the platform design and development projects. Smart manufacturing solutions provides manpower services in respect of system integration, commissioning and setup services, and Managed security service offers network security solutions and others.
29GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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