Universal DisplayBSP:O2LE34 57 ROC (Joel Greenblatt) % is 28.78% as of Mar. 2026, which is 73% below its 10-year median of 105.63. GuruFocus rates BSP:O2LE34 with a GF Score™ of 57/100 and a GF Value™ of R$44.96 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 2,489 Hardware companies, Universal Display ranks better than 83.17% 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. Universal Display's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 28.78%.
The historical rank and industry rank for Universal Display's ROC (Joel Greenblatt) % or its related term are showing as below:
BSP:O2LE34'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 38.83 Med: 105.63 Max: 215.26
Current: 38.83
During the past 13 years, Universal Display's highest ROC (Joel Greenblatt) % was 215.26%. The lowest was 38.83%. And the median was 105.63%.
BSP:O2LE34's ROC (Joel Greenblatt) % is ranked better than 83.17% of 2489
companies
in the Hardware industry
Industry Median: 10.35
vs BSP:O2LE34: 38.83
Universal Display's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -22.50% per year.
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.
Universal Display ROC (Joel Greenblatt) % Related Terms
Universal Display ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Universal Display'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.
BSP:O2LE34 vs BELFB, OSIS, KN: ROC (Joel Greenblatt) % Comparison
For the Electronic Components subindustry, Universal Display'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.
Universal Display ROC (Joel Greenblatt) % vs Hardware Industry
For the Hardware industry and Technology sector, Universal Display's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Universal Display's ROC (Joel Greenblatt) % falls into.
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 28.78% mean?
Universal Display (BSP:O2LE34) has a ROC (Joel Greenblatt) % of 28.78% 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 Universal Display and its competitors. This is 73% below median its historical median of 105.63. Over the past decade, Universal Display's ROC (Joel Greenblatt) % has ranged from 38.83 to 215.26. According to the industry distribution chart, Universal Display ranks #419 out of 2489 companies in the Hardware industry, placing it in the top 16.8%.
Is Universal Display's ROC (Joel Greenblatt) % too high?
Universal Display's current ROC (Joel Greenblatt) % of 28.78% is 73% below median its 10-year median of 105.63. Over the past 10 years, this metric has ranged from a low of 38.83 to a high of 215.26. The Hardware industry median ROC (Joel Greenblatt) % is 10.35. Universal Display's value of 28.78% is 178.1% above this industry median. Based on the distribution chart, Universal Display ranks #419 out of 2489 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Universal Display has a GF Score™ of 57/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Universal Display's ROC (Joel Greenblatt) % compare to BELFB and OSIS?
According to the Hardware industry distribution chart, Universal Display ranks #419 out of 2489 companies for ROC (Joel Greenblatt) %. This places Universal Display in the top 17% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 10.35. Universal Display's value of 28.78% is 178.1% above this benchmark. Historically, Universal Display's own ROC (Joel Greenblatt) % has ranged from 38.83 to 215.26 over the past decade. While the company's 10-year median is 105.63 vs. the industry median of 10.35, Universal Display 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 Hardware company?
The median ROC (Joel Greenblatt) % among Hardware companies is 10.35, based on 2,489 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. Universal Display's current ROC (Joel Greenblatt) % of 28.78% is 178.1% 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 Universal Display and its competitors. For the Hardware industry, the median ROC (Joel Greenblatt) % is 10.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Universal Display's current ROC (Joel Greenblatt) % is 28.78%, which is 73% below median its own 10-year median of 105.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Universal Display stock overvalued right now?
Based on GuruFocus' analysis, Universal Display (BSP:O2LE34) is currently considered Significantly Undervalued. The stock's GF Value™ is R$44.96, compared to a current price of R$25.07 — trading 44.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is 28.78%, which is 73% below median its 10-year median of 105.63 and 178.1% above the Hardware industry median of 10.35. Universal Display's overall GF Score™ is 57/100 with 2 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 Universal Display (BSP:O2LE34), the current ROC (Joel Greenblatt) % is 28.78% 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 Universal Display (BSP:O2LE34) Overvalued in 2026?
Based on GuruFocus' analysis, Universal Display stock appears to be undervalued.
The current stock price of R$25.07 is trading 44.2% below its estimated GF Value™ of R$44.96.
GuruFocus considers Universal Display to be Significantly Undervalued.
Key valuation signals for BSP:O2LE34:
ROC (Joel Greenblatt) %: 28.78% (73% below median its 10-year median of 105.63)
GF Value™: R$44.96 vs. price of R$25.07 (44.2% below fair value)
Industry Position: 178.1% above the Hardware median (#419 of 2489)
No single metric tells the full story. See the BSP:O2LE34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Universal Display Corp researches, develops, and manufactures organic light-emitting diode, or OLED, technologies for use in displays for mobile phones, tablets, televisions, wearables, personal computers, automotive interiors, and the solid-state lighting market. OLED technologies are an alternative to light-emitting diode, or LED, technologies, in the solid-state lighting market, and liquid crystal displays in the flat-panel-display market. The Company has one reportable business segment being OLED technologies and materials. The large majority of the firm's revenue is generated in South Korea, with the rest coming from Japan, China, the United States, and other countries across the world.
57GF Score
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