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Tat Hong Equipment Service CoFRA:1Q2 43 ROC (Joel Greenblatt) % is -4.64% as of Mar. 2026. GuruFocus rates FRA:1Q2 with a GF Score™ of 43/100 and a GF Value™ of €0.08 (Fairly Valued). The stock has 7 warning signs investors should review. Among 209 Farm & Heavy Construction Machinery companies, Tat Hong Equipment Service Co ranks worse than 85.65% 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. Tat Hong Equipment Service Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -4.64%.
The historical rank and industry rank for Tat Hong Equipment Service Co's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:1Q2'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -4 Med: 4.49 Max: 11.88
Current: -3.97
During the past 9 years, Tat Hong Equipment Service Co's highest ROC (Joel Greenblatt) % was 11.88%. The lowest was -4.00%. And the median was 4.49%.
FRA:1Q2's ROC (Joel Greenblatt) % is ranked worse than 85.65% of 209
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 13.24
vs FRA:1Q2: -3.97
Tat Hong Equipment Service Co (FRA:1Q2) 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.
Tat Hong Equipment Service Co ROC (Joel Greenblatt) % Chart
FRA:1Q2 vs CAT, DE, PCAR: ROC (Joel Greenblatt) % Comparison
For the Farm & Heavy Construction Machinery subindustry, Tat Hong Equipment Service Co'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.
Tat Hong Equipment Service Co ROC (Joel Greenblatt) % vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Tat Hong Equipment Service Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Tat Hong Equipment Service Co's ROC (Joel Greenblatt) % falls into.
Tat Hong Equipment Service Co 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 two times the semi-annual (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 -4.64% mean?
Tat Hong Equipment Service Co (FRA:1Q2) has a ROC (Joel Greenblatt) % of -4.64% 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 Tat Hong Equipment Service Co and its competitors. According to the industry distribution chart, Tat Hong Equipment Service Co ranks #179 out of 209 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 85.6%.
Is Tat Hong Equipment Service Co's ROC (Joel Greenblatt) % too high?
Tat Hong Equipment Service Co's current ROC (Joel Greenblatt) % is -4.64%. Based on the distribution chart, Tat Hong Equipment Service Co ranks #179 out of 209 companies in the Farm & Heavy Construction Machinery industry, which is in the bottom quartile relative to peers. Overall, Tat Hong Equipment Service Co has a GF Score™ of 43/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tat Hong Equipment Service Co's ROC (Joel Greenblatt) % compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Tat Hong Equipment Service Co ranks #179 out of 209 companies for ROC (Joel Greenblatt) %. This places Tat Hong Equipment Service Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 13.24. 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 Farm & Heavy Construction Machinery company?
The median ROC (Joel Greenblatt) % among Farm & Heavy Construction Machinery companies is 13.24, based on 209 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 Tat Hong Equipment Service Co and its competitors. For the Farm & Heavy Construction Machinery industry, the median ROC (Joel Greenblatt) % is 13.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tat Hong Equipment Service Co's current ROC (Joel Greenblatt) % is -4.64%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tat Hong Equipment Service Co stock overvalued right now?
Based on GuruFocus' analysis, Tat Hong Equipment Service Co (FRA:1Q2) is currently considered Fairly Valued. The stock's GF Value™ is €0.08, compared to a current price of €0.09 — trading 6.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is -4.64%. Tat Hong Equipment Service Co's overall GF Score™ is 43/100 with 7 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 Tat Hong Equipment Service Co (FRA:1Q2), the current ROC (Joel Greenblatt) % is -4.64% 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 Tat Hong Equipment Service Co (FRA:1Q2) Overvalued in 2026?
Based on GuruFocus' analysis, Tat Hong Equipment Service Co stock appears to be overvalued.
The current stock price of €0.09 is trading 6.3% above its estimated GF Value™ of €0.08.
GuruFocus considers Tat Hong Equipment Service Co to be Fairly Valued.
Key valuation signals for FRA:1Q2:
ROC (Joel Greenblatt) %: -4.64%
GF Value™: €0.08 vs. price of €0.09 (6.3% above fair value)
No single metric tells the full story. See the FRA:1Q2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tat Hong Equipment Service Co Business Description
Tat Hong Equipment Service Co Ltd is involved in providing tower crane services. The company offers a range of tower crane solutions, including consultation, technical design, commissioning, construction, and after-sales services. The operating segments generate revenue mainly from tower crane services. Geographically the key revenue is obtained from PRC region.
43GF 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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