Technoprobe SpAMIL:TPRO +1.21%72 ROC (Joel Greenblatt) % is 34.89% as of Dec. 2025, which is 41% below its 10-year median of 58.73. GuruFocus rates MIL:TPRO with a GF Score™ of 72/100 and a GF Value™ of €11.19 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,025 Semiconductors companies, Technoprobe SpA ranks better than 72.68% 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. Technoprobe SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 34.89%.
The historical rank and industry rank for Technoprobe SpA's ROC (Joel Greenblatt) % or its related term are showing as below:
MIL:TPRO'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 21.75 Med: 58.73 Max: 81.55
Current: 27.12
During the past 7 years, Technoprobe SpA's highest ROC (Joel Greenblatt) % was 81.55%. The lowest was 21.75%. And the median was 58.73%.
MIL:TPRO's ROC (Joel Greenblatt) % is ranked better than 72.68% of 1025
companies
in the Semiconductors industry
Industry Median: 8.35
vs MIL:TPRO: 27.12
Technoprobe SpA's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -24.30% 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.
Technoprobe SpA ROC (Joel Greenblatt) % Related Terms
Technoprobe SpA ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Technoprobe SpA'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:TPRO vs NVDA, AVGO, MU: ROC (Joel Greenblatt) % Comparison
For the Semiconductors subindustry, Technoprobe SpA'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.
Technoprobe SpA ROC (Joel Greenblatt) % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Technoprobe SpA's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Technoprobe SpA'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 34.89% mean?
Technoprobe SpA (MIL:TPRO) has a ROC (Joel Greenblatt) % of 34.89% 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 Technoprobe SpA and its competitors. This is 41% below median its historical median of 58.73. Over the past decade, Technoprobe SpA's ROC (Joel Greenblatt) % has ranged from 21.75 to 81.55. According to the industry distribution chart, Technoprobe SpA ranks #280 out of 1025 companies in the Semiconductors industry, placing it in the top 27.3%.
Is Technoprobe SpA's ROC (Joel Greenblatt) % too high?
Technoprobe SpA's current ROC (Joel Greenblatt) % of 34.89% is 41% below median its 10-year median of 58.73. Over the past 10 years, this metric has ranged from a low of 21.75 to a high of 81.55. The Semiconductors industry median ROC (Joel Greenblatt) % is 8.35. Technoprobe SpA's value of 34.89% is 317.8% above this industry median. Based on the distribution chart, Technoprobe SpA ranks #280 out of 1025 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Technoprobe SpA has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Technoprobe SpA's ROC (Joel Greenblatt) % compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Technoprobe SpA ranks #280 out of 1025 companies for ROC (Joel Greenblatt) %. This puts Technoprobe SpA in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 8.35. Technoprobe SpA's value of 34.89% is 317.8% above this benchmark. Historically, Technoprobe SpA's own ROC (Joel Greenblatt) % has ranged from 21.75 to 81.55 over the past decade. While the company's 10-year median is 58.73 vs. the industry median of 8.35, Technoprobe SpA 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 8.35, based on 1,025 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. Technoprobe SpA's current ROC (Joel Greenblatt) % of 34.89% is 317.8% 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 Technoprobe SpA and its competitors. For the Semiconductors industry, the median ROC (Joel Greenblatt) % is 8.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Technoprobe SpA's current ROC (Joel Greenblatt) % is 34.89%, which is 41% below median its own 10-year median of 58.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Technoprobe SpA stock overvalued right now?
Based on GuruFocus' analysis, Technoprobe SpA (MIL:TPRO) is currently considered Significantly Overvalued. The stock's GF Value™ is €11.19, compared to a current price of €33.46 — trading 199% above its estimated fair value. The current ROC (Joel Greenblatt) % is 34.89%, which is 41% below median its 10-year median of 58.73 and 317.8% above the Semiconductors industry median of 8.35. Technoprobe SpA's overall GF Score™ is 72/100 with 3 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 Technoprobe SpA (MIL:TPRO), the current ROC (Joel Greenblatt) % is 34.89% 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 Technoprobe SpA (MIL:TPRO) Overvalued in 2026?
Based on GuruFocus' analysis, Technoprobe SpA stock appears to be overvalued.
The current stock price of €33.46 is trading 199% above its estimated GF Value™ of €11.19.
GuruFocus considers Technoprobe SpA to be Significantly Overvalued.
Key valuation signals for MIL:TPRO:
ROC (Joel Greenblatt) %: 34.89% (41% below median its 10-year median of 58.73)
GF Value™: €11.19 vs. price of €33.46 (199% above fair value)
Industry Position: 317.8% above the Semiconductors median (#280 of 1025)
No single metric tells the full story. See the MIL:TPRO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Technoprobe SpA operates in the production of electronic circuits and mechanical interfaces for electrical contacting of hybrid circuits and semiconductor devices, and it specializes in the design, development, and production of probe cards used to test the operation of chips. The company operates in Asia, America, Europe, and Italy and derives a majority of its revenue from Asia.
72GF Score
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