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ACM ResearchMIL:1ACMR +3.60%62 ROC (Joel Greenblatt) % is 13.27% as of Mar. 2026, which is 43% below its 10-year median of 23.26. GuruFocus rates MIL:1ACMR with a GF Score™ of 62/100 and a GF Value™ of €30.70 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,027 Semiconductors companies, ACM Research ranks better than 60.47% 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. ACM Research's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 13.27%.
The historical rank and industry rank for ACM Research's ROC (Joel Greenblatt) % or its related term are showing as below:
MIL:1ACMR'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.21 Med: 23.26 Max: 28.32
Current: 16.15
During the past 11 years, ACM Research's highest ROC (Joel Greenblatt) % was 28.32%. The lowest was -0.21%. And the median was 23.26%.
MIL:1ACMR's ROC (Joel Greenblatt) % is ranked better than 60.47% of 1027
companies
in the Semiconductors industry
Industry Median: 8.5
vs MIL:1ACMR: 16.15
ACM Research's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -0.20% per year.
ACM Research (MIL:1ACMR) 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.
ACM Research ROC (Joel Greenblatt) % Related Terms
ACM Research ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for ACM Research'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.
MIL:1ACMR vs KLIC, CAMT, UCTT: ROC (Joel Greenblatt) % Comparison
For the Semiconductor Equipment & Materials subindustry, ACM Research'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.
ACM Research ROC (Joel Greenblatt) % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, ACM Research's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where ACM Research'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 (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 13.27% mean?
ACM Research (MIL:1ACMR) has a ROC (Joel Greenblatt) % of 13.27% 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 ACM Research and its competitors. This is 43% below median its historical median of 23.26. According to the industry distribution chart, ACM Research ranks #406 out of 1027 companies in the Semiconductors industry, placing it in the top 39.5%.
Is ACM Research's ROC (Joel Greenblatt) % too high?
ACM Research's current ROC (Joel Greenblatt) % of 13.27% is 43% below median its 10-year median of 23.26. The Semiconductors industry median ROC (Joel Greenblatt) % is 8.50. ACM Research's value of 13.27% is 56.1% above this industry median. Based on the distribution chart, ACM Research ranks #406 out of 1027 companies in the Semiconductors industry, which is above the industry midpoint. Overall, ACM Research has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ACM Research's ROC (Joel Greenblatt) % compare to KLIC and CAMT?
According to the Semiconductors industry distribution chart, ACM Research ranks #406 out of 1027 companies for ROC (Joel Greenblatt) %. This puts ACM Research in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 8.50. ACM Research's value of 13.27% is 56.1% above this benchmark. While the company's 10-year median is 23.26 vs. the industry median of 8.50, ACM Research 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. ACM Research's current ROC (Joel Greenblatt) % of 13.27% is 56.1% 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 ACM Research 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. ACM Research's current ROC (Joel Greenblatt) % is 13.27%, which is 43% below median its own 10-year median of 23.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ACM Research stock overvalued right now?
Based on GuruFocus' analysis, ACM Research (MIL:1ACMR) is currently considered Significantly Overvalued. The stock's GF Value™ is €30.70, compared to a current price of €69.00 — trading 124.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is 13.27%, which is 43% below median its 10-year median of 23.26 and 56.1% above the Semiconductors industry median of 8.50. ACM Research's overall GF Score™ is 62/100 with 6 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 ACM Research (MIL:1ACMR), the current ROC (Joel Greenblatt) % is 13.27% 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 ACM Research (MIL:1ACMR) Overvalued in 2026?
Based on GuruFocus' analysis, ACM Research stock appears to be overvalued.
The current stock price of €69.00 is trading 124.8% above its estimated GF Value™ of €30.70.
GuruFocus considers ACM Research to be Significantly Overvalued.
Key valuation signals for MIL:1ACMR:
ROC (Joel Greenblatt) %: 13.27% (43% below median its 10-year median of 23.26)
GF Value™: €30.70 vs. price of €69.00 (124.8% above fair value)
Industry Position: 56.1% above the Semiconductors median (#406 of 1027)
No single metric tells the full story. See the MIL:1ACMR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ACM Research Inc supplies capital equipment developed for the semiconductor industry. The company focuses on developing differentiated process solutions that enable effective particle removal, uniform material deposition, and reliable process control for the fabricators of integrated circuits. Its product offerings include wet-cleaning, plating, furnace, PECVD, track, and other front-end processing equipment. Additionally, it develops, manufactures, and sells a range of packaging equipment to wafer assembly and packaging customers. Geographically, the company generates maximum revenue from its customers in Mainland China, and the rest from other regions.
62GF Score
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