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.
FS.COMHKSE:03355 -5.64%19 ROC (Joel Greenblatt) % is 58.41% as of Dec. 2025, which is 1% above its 10-year median of 58.03. GuruFocus rates HKSE:03355 with a GF Score™ of 19/100. The stock has 2 warning signs investors should review. Among 2,491 Hardware companies, FS.COM ranks better than 55.04% 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. FS.COM's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 58.41%.
The historical rank and industry rank for FS.COM's ROC (Joel Greenblatt) % or its related term are showing as below:
HKSE:03355'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 14.18 Med: 58.03 Max: 78.55
Current: 14.18
During the past 4 years, FS.COM's highest ROC (Joel Greenblatt) % was 78.55%. The lowest was 14.18%. And the median was 58.03%.
HKSE:03355's ROC (Joel Greenblatt) % is ranked better than 55.04% of 2491
companies
in the Hardware industry
Industry Median: 11.61
vs HKSE:03355: 14.18
FS.COM'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.
The historical data trend for FS.COM'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.
FS.COM ROC (Joel Greenblatt) % Chart
FS.COM Annual Data
Trend
Dec22
Dec23
Dec24
Dec25
ROC (Joel Greenblatt) %
65.95
78.55
41.24
50.11
FS.COM Quarterly Data
Dec22
Dec23
Dec24
Sep25
Dec25
ROC (Joel Greenblatt) %
0.00
0.00
18.93
0.00
58.41
HKSE:03355 vs CSCO, MSI, LITE: ROC (Joel Greenblatt) % Comparison
For the Communication Equipment subindustry, FS.COM'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.
FS.COM ROC (Joel Greenblatt) % vs Hardware Industry
For the Hardware industry and Technology sector, FS.COM's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where FS.COM'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 (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 58.41% mean?
FS.COM (HKSE:03355) has a ROC (Joel Greenblatt) % of 58.41% 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 FS.COM and its competitors. This is near median its historical median of 58.03. Over the past decade, FS.COM's ROC (Joel Greenblatt) % has ranged from 14.18 to 78.55. According to the industry distribution chart, FS.COM ranks #1120 out of 2491 companies in the Hardware industry, placing it in the top 45%.
Is FS.COM's ROC (Joel Greenblatt) % too high?
FS.COM's current ROC (Joel Greenblatt) % of 58.41% is near median its 10-year median of 58.03. Over the past 10 years, this metric has ranged from a low of 14.18 to a high of 78.55. The Hardware industry median ROC (Joel Greenblatt) % is 11.61. FS.COM's value of 58.41% is 403.1% above this industry median. Based on the distribution chart, FS.COM ranks #1120 out of 2491 companies in the Hardware industry, which is above the industry midpoint. Overall, FS.COM has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does FS.COM's ROC (Joel Greenblatt) % compare to CSCO and MSI?
According to the Hardware industry distribution chart, FS.COM ranks #1120 out of 2491 companies for ROC (Joel Greenblatt) %. This puts FS.COM in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.61. FS.COM's value of 58.41% is 403.1% above this benchmark. Historically, FS.COM's own ROC (Joel Greenblatt) % has ranged from 14.18 to 78.55 over the past decade. While the company's 10-year median is 58.03 vs. the industry median of 11.61, FS.COM 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 11.61, based on 2,491 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. FS.COM's current ROC (Joel Greenblatt) % of 58.41% is 403.1% 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 FS.COM and its competitors. For the Hardware industry, the median ROC (Joel Greenblatt) % is 11.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FS.COM's current ROC (Joel Greenblatt) % is 58.41%, which is near median its own 10-year median of 58.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FS.COM stock overvalued right now?
FS.COM (HKSE:03355) has a current ROC (Joel Greenblatt) % of 58.41%. The current ROC (Joel Greenblatt) % is 58.41%, which is near median its 10-year median of 58.03 and 403.1% above the Hardware industry median of 11.61. FS.COM's overall GF Score™ is 19/100 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 FS.COM (HKSE:03355), the current ROC (Joel Greenblatt) % is 58.41% 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.
FS.COM Ltd operates as a DTC networking solution provider, principally engaged in the sales of optical communication products. It operates through its online platform, FS.com. The company's offerings include networking equipment, networking operating systems, and cloud-based network management platforms used in applications such as high-performance computing, data centers, enterprise networks, and telecommunications, supporting businesses' digital infrastructure needs. The majority of revenue is derived from the provision of its General networking solutions and High-performance networking solutions. Geographically, the company generates the maximum revenue from the United States.
19GF Score
Get the complete analysis for HKSE:03355
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
HKSE:03355 has been successfully added to your 
