GlobalWafers Co (LUX:GLOBW) ROC (Joel Greenblatt) %: 10.10% (As of Mar. 2026) — 78% Below 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.

LUX:GLOBW GlobalWafers Co Ltd LUX:GLOBW
65 GF Score
Price $18.10
GF Value $8.49
! 4 Warning Signs
View Full Analysis

What is GlobalWafers Co ROC (Joel Greenblatt) %?

GlobalWafers Co LUX:GLOBW 65 ROC (Joel Greenblatt) % is 10.10% as of Mar. 2026, which is 78% below its 10-year median of 45.92. GuruFocus rates LUX:GLOBW with a GF Score™ of 65/100 and a GF Value™ of $8.49. The stock has 4 warning signs investors should review. Among 1,028 Semiconductors companies, GlobalWafers Co ranks better than 51.17% 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. GlobalWafers Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 10.10%.

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

LUX:GLOBW' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.94   Med: 45.92   Max: 57.65
Current: 9.47

During the past 13 years, GlobalWafers Co's highest ROC (Joel Greenblatt) % was 57.65%. The lowest was 5.94%. And the median was 45.92%.

LUX:GLOBW's ROC (Joel Greenblatt) % is ranked better than
51.17% of 1028 companies
in the Semiconductors industry
Industry Median: 8.64 vs LUX:GLOBW: 9.47

GlobalWafers Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -28.40% per year.


GlobalWafers Co  (LUX:GLOBW) 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.


GlobalWafers Co ROC (Joel Greenblatt) % Related Terms


GlobalWafers Co ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for GlobalWafers Co'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.

GlobalWafers Co ROC (Joel Greenblatt) % Chart

GlobalWafers Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 46.66 52.54 47.61 13.55 9.51

GlobalWafers Co 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 7.51 8.69 8.25 11.32 10.10

LUX:GLOBW vs NVDA, AVGO, MU: ROC (Joel Greenblatt) % Comparison

For the Semiconductors subindustry, GlobalWafers 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.


GlobalWafers Co ROC (Joel Greenblatt) % vs Semiconductors Industry

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

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


LUX:GLOBW
65GF Score
GlobalWafers Co Ltd LUX:GLOBW
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

GlobalWafers 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:

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)
=(322.569 + 331.673 + 81.403) - (305.401 + 0 + 431.337)
=-1.0929999999998

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(318.096 + 345.166 + 86.152) - (367.712 + 0 + 409.794)
=-28.092

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of GlobalWafers Co 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 )
=347.796/( ( (3445.588 + max(-1.0929999999998, 0)) + (3439.885 + max(-28.092, 0)) )/ 2 )
=347.796/( ( 3445.588 + 3439.885 )/ 2 )
=347.796/3442.7365
=10.10 %

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 10.10% mean?
GlobalWafers Co (LUX:GLOBW) has a ROC (Joel Greenblatt) % of 10.10% 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 GlobalWafers Co and its competitors. This is 78% below median its historical median of 45.92. Over the past decade, GlobalWafers Co's ROC (Joel Greenblatt) % has ranged from 5.94 to 57.65. According to the industry distribution chart, GlobalWafers Co ranks #502 out of 1028 companies in the Semiconductors industry, placing it in the top 48.8%.
Is GlobalWafers Co's ROC (Joel Greenblatt) % too high?
GlobalWafers Co's current ROC (Joel Greenblatt) % of 10.10% is 78% below median its 10-year median of 45.92. Over the past 10 years, this metric has ranged from a low of 5.94 to a high of 57.65. The Semiconductors industry median ROC (Joel Greenblatt) % is 8.64. GlobalWafers Co's value of 10.10% is 16.9% above this industry median. Based on the distribution chart, GlobalWafers Co ranks #502 out of 1028 companies in the Semiconductors industry, which is above the industry midpoint. Overall, GlobalWafers Co has a GF Score™ of 65/100, reflecting its overall financial health beyond just this single metric.
How does GlobalWafers Co's ROC (Joel Greenblatt) % compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, GlobalWafers Co ranks #502 out of 1028 companies for ROC (Joel Greenblatt) %. This puts GlobalWafers Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 8.64. GlobalWafers Co's value of 10.10% is 16.9% above this benchmark. Historically, GlobalWafers Co's own ROC (Joel Greenblatt) % has ranged from 5.94 to 57.65 over the past decade. While the company's 10-year median is 45.92 vs. the industry median of 8.64, GlobalWafers Co 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 8.64, 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. GlobalWafers Co's current ROC (Joel Greenblatt) % of 10.10% is 16.9% 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 GlobalWafers Co and its competitors. For the Semiconductors industry, the median ROC (Joel Greenblatt) % is 8.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GlobalWafers Co's current ROC (Joel Greenblatt) % is 10.10%, which is 78% below median its own 10-year median of 45.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GlobalWafers Co stock overvalued right now?
GlobalWafers Co (LUX:GLOBW) has a current ROC (Joel Greenblatt) % of 10.10%. The stock's GF Value™ is $8.49, compared to a current price of $18.10 — trading 113.2% above its estimated fair value. The current ROC (Joel Greenblatt) % is 10.10%, which is 78% below median its 10-year median of 45.92 and 16.9% above the Semiconductors industry median of 8.64. GlobalWafers Co's overall GF Score™ is 65/100 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 GlobalWafers Co (LUX:GLOBW), the current ROC (Joel Greenblatt) % is 10.10% 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 GlobalWafers Co (LUX:GLOBW) Overvalued in 2026?

Based on GuruFocus' analysis, GlobalWafers Co stock appears to be overvalued. The current stock price of $18.10 is trading 113.2% above its estimated GF Value™ of $8.49.

Key valuation signals for LUX:GLOBW:

  • ROC (Joel Greenblatt) %: 10.10% (78% below median its 10-year median of 45.92)
  • GF Value™: $8.49 vs. price of $18.10 (113.2% above fair value)
  • GF Score™: 65/100 with 4 warning signs
  • Industry Position: 16.9% above the Semiconductors median (#502 of 1028)

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


GlobalWafers Co Business Description

Other Exchanges 6488:Taiwan
Address No. 8, Industrial East Road 2, Hsinchu Science Park, Hsinchu, TWN
GlobalWafers is 46.64% owned by Sino-American Silicon Products after being spun off in 2011. The main source of the company's revenue is selling silicon wafers to chipmakers like TSMC and Texas Instruments. It also derives sales from gallium nitride products and green energy. GlobalWafers runs 18 production sites in nine countries across Asia, North America, and Europe. GlobalWafers is headquartered in Hsinchu, Taiwan, and employs over 7,084 people as of March 31, 2026. GlobalWafers had nearly 17% market share in silicon wafers in 2025.
65GF Score

Get the complete analysis for LUX:GLOBW

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

$18.10
Price
$8.49
GF Value