TOREX SEMICONDUCTOR (FRA:8KH) ROC (Joel Greenblatt) %: 12.05% (As of Mar. 2026) — Near 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.

FRA:8KH TOREX SEMICONDUCTOR Ltd FRA:8KH
71 GF Score
Price €9.50
GF Value €8.94
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is TOREX SEMICONDUCTOR ROC (Joel Greenblatt) %?

TOREX SEMICONDUCTOR FRA:8KH +9.20% 71 ROC (Joel Greenblatt) % is 12.05% as of Mar. 2026, which is 8% below its 10-year median of 13.03. GuruFocus rates FRA:8KH with a GF Score™ of 71/100 and a GF Value™ of €8.94 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,027 Semiconductors companies, TOREX SEMICONDUCTOR ranks worse than 51.31% 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. TOREX SEMICONDUCTOR's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 12.05%.

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

FRA:8KH' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -19.56   Med: 13.03   Max: 51.07
Current: 8.05

During the past 13 years, TOREX SEMICONDUCTOR's highest ROC (Joel Greenblatt) % was 51.07%. The lowest was -19.56%. And the median was 13.03%.

FRA:8KH's ROC (Joel Greenblatt) % is ranked worse than
51.31% of 1027 companies
in the Semiconductors industry
Industry Median: 8.5 vs FRA:8KH: 8.05

TOREX SEMICONDUCTOR's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


TOREX SEMICONDUCTOR  (FRA:8KH) 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.


TOREX SEMICONDUCTOR ROC (Joel Greenblatt) % Related Terms


TOREX SEMICONDUCTOR ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for TOREX SEMICONDUCTOR'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.

TOREX SEMICONDUCTOR ROC (Joel Greenblatt) % Chart

TOREX SEMICONDUCTOR 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 30.94 15.84 -18.25 -9.31 7.51

TOREX SEMICONDUCTOR 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 -36.74 2.15 8.08 9.52 12.05

FRA:8KH vs NVDA, AVGO, MU: ROC (Joel Greenblatt) % Comparison

For the Semiconductors subindustry, TOREX SEMICONDUCTOR'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.


TOREX SEMICONDUCTOR ROC (Joel Greenblatt) % vs Semiconductors Industry

For the Semiconductors industry and Technology sector, TOREX SEMICONDUCTOR's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where TOREX SEMICONDUCTOR's ROC (Joel Greenblatt) % falls into.


FRA:8KH
71GF Score
TOREX SEMICONDUCTOR Ltd FRA:8KH
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TOREX SEMICONDUCTOR 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)
=(26.195 + 34.283 + 4.165) - (5.137 + 0 + 10.761)
=48.745

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(27.433 + 35.363 + 3.237) - (11.571 + 0 + 4.654)
=49.808

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of TOREX SEMICONDUCTOR 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 )
=11.828/( ( (49.673 + max(48.745, 0)) + (48.115 + max(49.808, 0)) )/ 2 )
=11.828/( ( 98.418 + 97.923 )/ 2 )
=11.828/98.1705
=12.05 %

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 12.05% mean?
TOREX SEMICONDUCTOR (FRA:8KH) has a ROC (Joel Greenblatt) % of 12.05% 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 TOREX SEMICONDUCTOR and its competitors. This is near median its historical median of 13.03. According to the industry distribution chart, TOREX SEMICONDUCTOR ranks #527 out of 1027 companies in the Semiconductors industry, placing it in the top 51.3%.
Is TOREX SEMICONDUCTOR's ROC (Joel Greenblatt) % too high?
TOREX SEMICONDUCTOR's current ROC (Joel Greenblatt) % of 12.05% is near median its 10-year median of 13.03. The Semiconductors industry median ROC (Joel Greenblatt) % is 8.50. TOREX SEMICONDUCTOR's value of 12.05% is 41.8% above this industry median. Based on the distribution chart, TOREX SEMICONDUCTOR ranks #527 out of 1027 companies in the Semiconductors industry, which is below the industry midpoint. Overall, TOREX SEMICONDUCTOR has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TOREX SEMICONDUCTOR's ROC (Joel Greenblatt) % compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, TOREX SEMICONDUCTOR ranks #527 out of 1027 companies for ROC (Joel Greenblatt) %. This places TOREX SEMICONDUCTOR in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 8.50. TOREX SEMICONDUCTOR's value of 12.05% is 41.8% above this benchmark. While the company's 10-year median is 13.03 vs. the industry median of 8.50, TOREX SEMICONDUCTOR 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 Semiconductors company?
The median ROC (Joel Greenblatt) % among Semiconductors companies is 8.50, based on 1,027 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. TOREX SEMICONDUCTOR's current ROC (Joel Greenblatt) % of 12.05% is 41.8% 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 TOREX SEMICONDUCTOR and its competitors. For the Semiconductors industry, the median ROC (Joel Greenblatt) % is 8.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TOREX SEMICONDUCTOR's current ROC (Joel Greenblatt) % is 12.05%, which is near median its own 10-year median of 13.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TOREX SEMICONDUCTOR stock overvalued right now?
Based on GuruFocus' analysis, TOREX SEMICONDUCTOR (FRA:8KH) is currently considered Fairly Valued. The stock's GF Value™ is €8.94, compared to a current price of €9.50 — trading 6.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is 12.05%, which is near median its 10-year median of 13.03 and 41.8% above the Semiconductors industry median of 8.50. TOREX SEMICONDUCTOR's overall GF Score™ is 71/100 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 TOREX SEMICONDUCTOR (FRA:8KH), the current ROC (Joel Greenblatt) % is 12.05% 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 TOREX SEMICONDUCTOR (FRA:8KH) Overvalued in 2026?

Based on GuruFocus' analysis, TOREX SEMICONDUCTOR stock appears to be overvalued. The current stock price of €9.50 is trading 6.3% above its estimated GF Value™ of €8.94. GuruFocus considers TOREX SEMICONDUCTOR to be Fairly Valued.

Key valuation signals for FRA:8KH:

  • ROC (Joel Greenblatt) %: 12.05% (near median its 10-year median of 13.03)
  • GF Value™: €8.94 vs. price of €9.50 (6.3% above fair value)
  • GF Score™: 71/100 with 4 warning signs
  • Industry Position: 41.8% above the Semiconductors median (#527 of 1027)

No single metric tells the full story. See the FRA:8KH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TOREX SEMICONDUCTOR Business Description

Other Exchanges 6616:Japan
Address 1-24-1 Shinkawa, 3rd Floor, DAIHO ANNEX, Chuo-Ku, Tokyo, JPN, 104-0033
TOREX SEMICONDUCTOR Ltd is engaged in the business of designing, manufacturing, and selling semiconductor devices. The product portfolio includes DC / DC converter, Voltage regulator, Voltage detector, Load switch, Charge pump, Pushbutton controller, Temperature sensor, Switching Diode, Bridge diode, Fast recovery diode, and Transient voltage suppressor.
71GF Score

Get the complete analysis for FRA:8KH

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

€9.50
Price
€8.94
GF Value