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Munsin GarmentROCO:2916 77 ROC (Joel Greenblatt) % is 31.69% as of Mar. 2026, which is 96% above its 10-year median of 16.19. GuruFocus rates ROCO:2916 with a GF Score™ of 77/100 and a GF Value™ of NT$47.18 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,062 Manufacturing - Apparel & Accessories companies, Munsin Garment ranks better than 83.71% 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. Munsin Garment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 31.69%.
The historical rank and industry rank for Munsin Garment's ROC (Joel Greenblatt) % or its related term are showing as below:
ROCO:2916'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 8.19 Med: 16.19 Max: 32.01
Current: 27.08
During the past 13 years, Munsin Garment's highest ROC (Joel Greenblatt) % was 32.01%. The lowest was 8.19%. And the median was 16.19%.
ROCO:2916's ROC (Joel Greenblatt) % is ranked better than 83.71% of 1062
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 8.62
vs ROCO:2916: 27.08
Munsin Garment's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 11.90% 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.
Munsin Garment ROC (Joel Greenblatt) % Related Terms
Munsin Garment ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Munsin Garment'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.
ROCO:2916 vs RL, LEVI, VFC: ROC (Joel Greenblatt) % Comparison
For the Apparel Manufacturing subindustry, Munsin Garment'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.
Munsin Garment ROC (Joel Greenblatt) % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Munsin Garment's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Munsin Garment'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 31.69% mean?
Munsin Garment (ROCO:2916) has a ROC (Joel Greenblatt) % of 31.69% 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 Munsin Garment and its competitors. This is 96% above median its historical median of 16.19. Over the past decade, Munsin Garment's ROC (Joel Greenblatt) % has ranged from 8.19 to 32.01. According to the industry distribution chart, Munsin Garment ranks #173 out of 1062 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 16.3%.
Is Munsin Garment's ROC (Joel Greenblatt) % too high?
Munsin Garment's current ROC (Joel Greenblatt) % of 31.69% is 96% above median its 10-year median of 16.19. Over the past 10 years, this metric has ranged from a low of 8.19 to a high of 32.01. The Manufacturing - Apparel & Accessories industry median ROC (Joel Greenblatt) % is 8.62. Munsin Garment's value of 31.69% is 267.6% above this industry median. Based on the distribution chart, Munsin Garment ranks #173 out of 1062 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Munsin Garment has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Munsin Garment's ROC (Joel Greenblatt) % compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Munsin Garment ranks #173 out of 1062 companies for ROC (Joel Greenblatt) %. This places Munsin Garment in the top 16% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 8.62. Munsin Garment's value of 31.69% is 267.6% above this benchmark. Historically, Munsin Garment's own ROC (Joel Greenblatt) % has ranged from 8.19 to 32.01 over the past decade. While the company's 10-year median is 16.19 vs. the industry median of 8.62, Munsin Garment 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 Manufacturing - Apparel & Accessories company?
The median ROC (Joel Greenblatt) % among Manufacturing - Apparel & Accessories companies is 8.62, based on 1,062 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. Munsin Garment's current ROC (Joel Greenblatt) % of 31.69% is 267.6% 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 Munsin Garment and its competitors. For the Manufacturing - Apparel & Accessories industry, the median ROC (Joel Greenblatt) % is 8.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Munsin Garment's current ROC (Joel Greenblatt) % is 31.69%, which is 96% above median its own 10-year median of 16.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Munsin Garment stock overvalued right now?
Based on GuruFocus' analysis, Munsin Garment (ROCO:2916) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$47.18, compared to a current price of NT$41.20 — trading 12.7% below its estimated fair value. The current ROC (Joel Greenblatt) % is 31.69%, which is 96% above median its 10-year median of 16.19 and 267.6% above the Manufacturing - Apparel & Accessories industry median of 8.62. Munsin Garment's overall GF Score™ is 77/100 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 Munsin Garment (ROCO:2916), the current ROC (Joel Greenblatt) % is 31.69% 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 Munsin Garment (ROCO:2916) Overvalued in 2026?
Based on GuruFocus' analysis, Munsin Garment stock appears to be undervalued.
The current stock price of NT$41.20 is trading 12.7% below its estimated GF Value™ of NT$47.18.
GuruFocus considers Munsin Garment to be Modestly Undervalued.
Key valuation signals for ROCO:2916:
ROC (Joel Greenblatt) %: 31.69% (96% above median its 10-year median of 16.19)
GF Value™: NT$47.18 vs. price of NT$41.20 (12.7% below fair value)
Industry Position: 267.6% above the Manufacturing - Apparel & Accessories median (#173 of 1062)
No single metric tells the full story. See the ROCO:2916 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Munsin Garment Corp is mainly engaged in the manufacturing and sale of various garments and knitwear; acting as a product distribution, bidding, and quoting agent for domestic and international brands; and the import and export trade operations related to these business activities. The company deals in men's and women's apparel products of various international brands, such as Munsingwear, Le Coq Sportif, Pou Dou Dou, Eminento, Nara CamiCie, Hazzy, and others. Geographically, all of its revenue is derived from Taiwan.
77GF Score
Get the complete analysis for ROCO:2916
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