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Smart-Core HoldingsHKSE:02166 -4.06%59 ROC (Joel Greenblatt) % is 27.19% as of Dec. 2025, which is 0% above its 10-year median of 27.17. GuruFocus rates HKSE:02166 with a GF Score™ of 59/100 and a GF Value™ of HK$1.52 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,489 Hardware companies, Smart-Core Holdings ranks better than 67.94% 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. Smart-Core Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 27.19%.
The historical rank and industry rank for Smart-Core Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
HKSE:02166'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 14.23 Med: 27.17 Max: 52.67
Current: 22.78
During the past 13 years, Smart-Core Holdings's highest ROC (Joel Greenblatt) % was 52.67%. The lowest was 14.23%. And the median was 27.17%.
HKSE:02166's ROC (Joel Greenblatt) % is ranked better than 67.94% of 2489
companies
in the Hardware industry
Industry Median: 11.62
vs HKSE:02166: 22.78
Smart-Core 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.
Smart-Core Holdings ROC (Joel Greenblatt) % Related Terms
Smart-Core Holdings ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Smart-Core 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.
HKSE:02166 vs SNX, ARW, AVT: ROC (Joel Greenblatt) % Comparison
For the Electronics & Computer Distribution subindustry, Smart-Core 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.
Smart-Core Holdings ROC (Joel Greenblatt) % vs Hardware Industry
For the Hardware industry and Technology sector, Smart-Core Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Smart-Core 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 27.19% mean?
Smart-Core Holdings (HKSE:02166) has a ROC (Joel Greenblatt) % of 27.19% 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 Smart-Core Holdings and its competitors. This is near median its historical median of 27.17. Over the past decade, Smart-Core Holdings' ROC (Joel Greenblatt) % has ranged from 14.23 to 52.67. According to the industry distribution chart, Smart-Core Holdings ranks #798 out of 2489 companies in the Hardware industry, placing it in the top 32.1%.
Is Smart-Core Holdings' ROC (Joel Greenblatt) % too high?
Smart-Core Holdings' current ROC (Joel Greenblatt) % of 27.19% is near median its 10-year median of 27.17. Over the past 10 years, this metric has ranged from a low of 14.23 to a high of 52.67. The Hardware industry median ROC (Joel Greenblatt) % is 11.62. Smart-Core Holdings' value of 27.19% is 134% above this industry median. Based on the distribution chart, Smart-Core Holdings ranks #798 out of 2489 companies in the Hardware industry, which is above the industry midpoint. Overall, Smart-Core Holdings has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Smart-Core Holdings' ROC (Joel Greenblatt) % compare to SNX and ARW?
According to the Hardware industry distribution chart, Smart-Core Holdings ranks #798 out of 2489 companies for ROC (Joel Greenblatt) %. This puts Smart-Core Holdings in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.62. Smart-Core Holdings' value of 27.19% is 134% above this benchmark. Historically, Smart-Core Holdings' own ROC (Joel Greenblatt) % has ranged from 14.23 to 52.67 over the past decade. While the company's 10-year median is 27.17 vs. the industry median of 11.62, Smart-Core Holdings 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 11.62, 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. Smart-Core Holdings's current ROC (Joel Greenblatt) % of 27.19% is 134% 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 Smart-Core Holdings and its competitors. For the Hardware industry, the median ROC (Joel Greenblatt) % is 11.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Smart-Core Holdings's current ROC (Joel Greenblatt) % is 27.19%, which is near median its own 10-year median of 27.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smart-Core Holdings stock overvalued right now?
Based on GuruFocus' analysis, Smart-Core Holdings (HKSE:02166) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$1.52, compared to a current price of HK$4.61 — trading 203% above its estimated fair value. The current ROC (Joel Greenblatt) % is 27.19%, which is near median its 10-year median of 27.17 and 134% above the Hardware industry median of 11.62. Smart-Core Holdings' overall GF Score™ is 59/100 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 Smart-Core Holdings (HKSE:02166), the current ROC (Joel Greenblatt) % is 27.19% 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 Smart-Core Holdings (HKSE:02166) Overvalued in 2026?
Based on GuruFocus' analysis, Smart-Core Holdings stock appears to be overvalued.
The current stock price of HK$4.61 is trading 203% above its estimated GF Value™ of HK$1.52.
GuruFocus considers Smart-Core Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:02166:
ROC (Joel Greenblatt) %: 27.19% (near median its 10-year median of 27.17)
GF Value™: HK$1.52 vs. price of HK$4.61 (203% above fair value)
Industry Position: 134% above the Hardware median (#798 of 2489)
No single metric tells the full story. See the HKSE:02166 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Smart-Core Holdings Ltd is a distributor of integrated circuits and other electronic components and technology value-added service providers covering multiple market segments such as televisions, optoelectronic displays, smart terminals, memory, security monitoring, Internet of Things (IoT), and optical communications. Its service networks cover the majority of regions in Mainland China and Southeast Asia, providing diversified supply chain services of semiconductor chips and various electronic components for customers in the electronics industry, as well as corresponding technical solutions, technical support, and software services. Its segments include Authorised distribution and Mixed distribution. It makes up the majority of the revenue from the Authorised distribution segment.
59GF Score
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