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.
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.
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. GCL Technology Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -2.38%.
The historical rank and industry rank for GCL Technology Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
GCPEF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -14.78 Med: 7.93 Max: 66.97
Current: -6.38
During the past 13 years, GCL Technology Holdings's highest ROC (Joel Greenblatt) % was 66.97%. The lowest was -14.78%. And the median was 7.93%.
GCPEF's ROC (Joel Greenblatt) % is ranked worse than 72.57% of 1028
companies
in the Semiconductors industry
Industry Median: 8.265
vs GCPEF: -6.38
GCL Technology Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% 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.
GCL Technology Holdings ROC (Joel Greenblatt) % Related Terms
GCL Technology Holdings ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for GCL Technology Holdings'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.
GCPEF vs FSLR, NXT, ENPH: ROC (Joel Greenblatt) % Comparison
For the Solar subindustry, GCL Technology Holdings'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.
GCL Technology Holdings ROC (Joel Greenblatt) % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, GCL Technology Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where GCL Technology Holdings'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 two times the semi-annual (Dec. 2025) 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 -2.38% mean?
GCL Technology Holdings (GCPEF) has a ROC (Joel Greenblatt) % of -2.38% as of Dec. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on GCL Technology Holdings and its competitors. According to the industry distribution chart, GCL Technology Holdings ranks #746 out of 1028 companies in the Semiconductors industry, placing it in the top 72.6%.
Is GCL Technology Holdings' ROC (Joel Greenblatt) % too high?
GCL Technology Holdings' current ROC (Joel Greenblatt) % is -2.38%. Based on the distribution chart, GCL Technology Holdings ranks #746 out of 1028 companies in the Semiconductors industry, which is below the industry midpoint. Overall, GCL Technology Holdings has a GF Score™ of 52/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does GCL Technology Holdings' ROC (Joel Greenblatt) % compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, GCL Technology Holdings ranks #746 out of 1028 companies for ROC (Joel Greenblatt) %. This places GCL Technology Holdings in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 8.27. 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 8.27, based on 1,028 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 GCL Technology Holdings and its competitors. For the Semiconductors industry, the median ROC (Joel Greenblatt) % is 8.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GCL Technology Holdings's current ROC (Joel Greenblatt) % is -2.38%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GCL Technology Holdings stock overvalued right now?
Based on GuruFocus' analysis, GCL Technology Holdings (GCPEF) is currently considered Fairly Valued. The stock's GF Value™ is $0.09, compared to a current price of $0.09 — trading 2.6% below its estimated fair value. The current ROC (Joel Greenblatt) % is -2.38%. GCL Technology Holdings' overall GF Score™ is 52/100 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 GCL Technology Holdings (GCPEF), the current ROC (Joel Greenblatt) % is -2.38% as of Dec. 2025. 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 GCL Technology Holdings (GCPEF) Overvalued in 2026?
Based on GuruFocus' analysis, GCL Technology Holdings stock appears to be undervalued.
The current stock price of $0.09 is trading 2.6% below its estimated GF Value™ of $0.09.
GuruFocus considers GCL Technology Holdings to be Fairly Valued.
Key valuation signals for GCPEF:
ROC (Joel Greenblatt) %: -2.38%
GF Value™: $0.09 vs. price of $0.09 (2.6% below fair value)
No single metric tells the full story. See the GCPEF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
GCL Technology Holdings Ltd is an investment holding company. The company principally engaged in the manufacturing and sales of polysilicon and wafers for the solar industry; and the sales of electricity, development and operation of solar projects. It is in manufacturing and the sales of polysilicon and wafers and developing, owning and operation of solar farm. It has two reportable segments Solar material business mainly manufactures and sales of polysilicon and wafer product to companies operating in the solar industry, and Solar farm business operates solar farms located in the USA and the PRC. The majority of revenue comes from Solar material business. It has presence in The PRC, India, Vietnam, USA, and Others, of which majority of revenue comes from The PRC.
52GF Score
Get the complete analysis for GCPEF
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
GCPEF has been successfully added to your 
