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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. RAC Electric Vehicles's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 48.61%.
The historical rank and industry rank for RAC Electric Vehicles's ROC (Joel Greenblatt) % or its related term are showing as below:
ROCO:2237'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -77.47 Med: -29.68 Max: 33.2
Current: 33.2
During the past 13 years, RAC Electric Vehicles's highest ROC (Joel Greenblatt) % was 33.20%. The lowest was -77.47%. And the median was -29.68%.
ROCO:2237's ROC (Joel Greenblatt) % is ranked better than 85.49% of 1330
companies
in the Vehicles & Parts industry
Industry Median: 12.075
vs ROCO:2237: 33.20
RAC Electric Vehicles's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
RAC Electric Vehicles (ROCO:2237) 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.
RAC Electric Vehicles ROC (Joel Greenblatt) % Related Terms
RAC Electric Vehicles ROC (Joel Greenblatt) % Historical Data
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The historical data trend for RAC Electric Vehicles'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.
RAC Electric Vehicles ROC (Joel Greenblatt) % Chart
ROCO:2237 vs TSLA, GM, F: ROC (Joel Greenblatt) % Comparison
For the Auto Manufacturers subindustry, RAC Electric Vehicles'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.
RAC Electric Vehicles ROC (Joel Greenblatt) % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, RAC Electric Vehicles's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where RAC Electric Vehicles's ROC (Joel Greenblatt) % falls into.
RAC Electric Vehicles 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:
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 48.61% mean?
RAC Electric Vehicles (ROCO:2237) has a ROC (Joel Greenblatt) % of 48.61% 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 RAC Electric Vehicles and its competitors. According to the industry distribution chart, RAC Electric Vehicles ranks #193 out of 1330 companies in the Vehicles & Parts industry, placing it in the top 14.5%.
Is RAC Electric Vehicles' ROC (Joel Greenblatt) % too high?
RAC Electric Vehicles' current ROC (Joel Greenblatt) % is 48.61%. The Vehicles & Parts industry median ROC (Joel Greenblatt) % is 12.08. RAC Electric Vehicles' value of 48.61% is 302.6% above this industry median. Based on the distribution chart, RAC Electric Vehicles ranks #193 out of 1330 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, RAC Electric Vehicles has a GF Score™ of 54/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does RAC Electric Vehicles' ROC (Joel Greenblatt) % compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, RAC Electric Vehicles ranks #193 out of 1330 companies for ROC (Joel Greenblatt) %. This places RAC Electric Vehicles in the top 15% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 12.08. RAC Electric Vehicles' value of 48.61% is 302.6% above this benchmark. 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 Vehicles & Parts company?
The median ROC (Joel Greenblatt) % among Vehicles & Parts companies is 12.08, based on 1,330 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. RAC Electric Vehicles's current ROC (Joel Greenblatt) % of 48.61% is 302.6% 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 RAC Electric Vehicles and its competitors. For the Vehicles & Parts industry, the median ROC (Joel Greenblatt) % is 12.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. RAC Electric Vehicles's current ROC (Joel Greenblatt) % is 48.61%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RAC Electric Vehicles stock overvalued right now?
Based on GuruFocus' analysis, RAC Electric Vehicles (ROCO:2237) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$39.83, compared to a current price of NT$32.30 — trading 18.9% below its estimated fair value. The current ROC (Joel Greenblatt) % is 48.61% and 302.6% above the Vehicles & Parts industry median of 12.08. RAC Electric Vehicles' overall GF Score™ is 54/100 with 5 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 RAC Electric Vehicles (ROCO:2237), the current ROC (Joel Greenblatt) % is 48.61% 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 RAC Electric Vehicles (ROCO:2237) Overvalued in 2026?
Based on GuruFocus' analysis, RAC Electric Vehicles stock appears to be undervalued.
The current stock price of NT$32.30 is trading 18.9% below its estimated GF Value™ of NT$39.83.
GuruFocus considers RAC Electric Vehicles to be Modestly Undervalued.
Key valuation signals for ROCO:2237:
ROC (Joel Greenblatt) %: 48.61%
GF Value™: NT$39.83 vs. price of NT$32.30 (18.9% below fair value)
Industry Position: 302.6% above the Vehicles & Parts median (#193 of 1330)
No single metric tells the full story. See the ROCO:2237 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
RAC Electric Vehicles Inc is a Taiwan-licensed car manufacturer, to develop an all-electric low-floor city bus. The comapny's main businesses include battery manufacturing, battery wholesale, manufacturing of automotive and parts, and the retail of auto and motorcycle parts and accessories.
54GF Score
Get the complete analysis for ROCO:2237
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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