Bausen (ROCO:2948) ROC (Joel Greenblatt) %: 6.58% (As of Mar. 2026) — 72% Below Median

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ROCO:2948 Bausen Inc ROCO:2948
82 GF Score
Price NT$38.00
GF Value NT$48.13
Valuation Modestly Undervalued
! 8 Warning Signs
View Full Analysis

What is Bausen ROC (Joel Greenblatt) %?

Bausen ROCO:2948 82 ROC (Joel Greenblatt) % is 6.58% as of Mar. 2026, which is 72% below its 10-year median of 23.88. GuruFocus rates ROCO:2948 with a GF Score™ of 82/100 and a GF Value™ of NT$48.13 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 1,132 Retail - Cyclical companies, Bausen ranks worse than 59.63% 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. Bausen's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 6.58%.

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

ROCO:2948' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 7.28   Med: 23.88   Max: 35.42
Current: 7.84

During the past 9 years, Bausen's highest ROC (Joel Greenblatt) % was 35.42%. The lowest was 7.28%. And the median was 23.88%.

ROCO:2948's ROC (Joel Greenblatt) % is ranked worse than
59.63% of 1132 companies
in the Retail - Cyclical industry
Industry Median: 11.62 vs ROCO:2948: 7.84

Bausen's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -30.00% per year.


Bausen  (ROCO:2948) 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.


Bausen ROC (Joel Greenblatt) % Related Terms


Bausen ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Bausen'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.

Bausen ROC (Joel Greenblatt) % Chart

Bausen Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only 35.42 24.14 14.04 8.07 7.28

Bausen Quarterly Data
Dec20 Jun21 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 6.35 8.37 9.05 7.96 6.58

ROCO:2948 vs HD, LOW, FND: ROC (Joel Greenblatt) % Comparison

For the Home Improvement Retail subindustry, Bausen'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.


Bausen ROC (Joel Greenblatt) % vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Bausen's ROC (Joel Greenblatt) % distribution charts can be found below:

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


ROCO:2948
82GF Score
Bausen Inc ROCO:2948
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bausen 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)
=(182.357 + 1365.563 + 143.503) - (251.278 + 0 + 38.188)
=1401.957

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(196.815 + 1453.574 + 137.685) - (343.421 + 0 + 72.194)
=1372.459

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Bausen 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 )
=120.064/( ( (450.521 + max(1401.957, 0)) + (422.269 + max(1372.459, 0)) )/ 2 )
=120.064/( ( 1852.478 + 1794.728 )/ 2 )
=120.064/1823.603
=6.58 %

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 6.58% mean?
Bausen (ROCO:2948) has a ROC (Joel Greenblatt) % of 6.58% 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 Bausen and its competitors. This is 72% below median its historical median of 23.88. Over the past decade, Bausen's ROC (Joel Greenblatt) % has ranged from 7.28 to 35.42. According to the industry distribution chart, Bausen ranks #675 out of 1132 companies in the Retail - Cyclical industry, placing it in the top 59.6%.
Is Bausen's ROC (Joel Greenblatt) % too high?
Bausen's current ROC (Joel Greenblatt) % of 6.58% is 72% below median its 10-year median of 23.88. Over the past 10 years, this metric has ranged from a low of 7.28 to a high of 35.42. The Retail - Cyclical industry median ROC (Joel Greenblatt) % is 11.62. Bausen's value of 6.58% is 43.4% below this industry median. Based on the distribution chart, Bausen ranks #675 out of 1132 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Bausen has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bausen's ROC (Joel Greenblatt) % compare to HD and LOW?
According to the Retail - Cyclical industry distribution chart, Bausen ranks #675 out of 1132 companies for ROC (Joel Greenblatt) %. This places Bausen in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 11.62. Bausen's value of 6.58% is 43.4% below this benchmark. Historically, Bausen's own ROC (Joel Greenblatt) % has ranged from 7.28 to 35.42 over the past decade. While the company's 10-year median is 23.88 vs. the industry median of 11.62, Bausen has consistently been below 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 Retail - Cyclical company?
The median ROC (Joel Greenblatt) % among Retail - Cyclical companies is 11.62, based on 1,132 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. Bausen's current ROC (Joel Greenblatt) % of 6.58% is 43.4% below 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 Bausen and its competitors. For the Retail - Cyclical industry, the median ROC (Joel Greenblatt) % is 11.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bausen's current ROC (Joel Greenblatt) % is 6.58%, which is 72% below median its own 10-year median of 23.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bausen stock overvalued right now?
Based on GuruFocus' analysis, Bausen (ROCO:2948) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$48.13, compared to a current price of NT$38.00 — trading 21% below its estimated fair value. The current ROC (Joel Greenblatt) % is 6.58%, which is 72% below median its 10-year median of 23.88 and 43.4% below the Retail - Cyclical industry median of 11.62. Bausen's overall GF Score™ is 82/100 with 8 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 Bausen (ROCO:2948), the current ROC (Joel Greenblatt) % is 6.58% 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 Bausen (ROCO:2948) Overvalued in 2026?

Based on GuruFocus' analysis, Bausen stock appears to be undervalued. The current stock price of NT$38.00 is trading 21% below its estimated GF Value™ of NT$48.13. GuruFocus considers Bausen to be Modestly Undervalued.

Key valuation signals for ROCO:2948:

  • ROC (Joel Greenblatt) %: 6.58% (72% below median its 10-year median of 23.88)
  • GF Value™: NT$48.13 vs. price of NT$38.00 (21% below fair value)
  • GF Score™: 82/100 with 8 warning signs
  • Industry Position: 43.4% below the Retail - Cyclical median (#675 of 1132)

No single metric tells the full story. See the ROCO:2948 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bausen Business Description

Address No. 508, Zhongxiao East Road, 16th Floor, Section 5, Xinyi District, Taipei, TWN, 11083
Bausen Inc is engaged in the business of distributing building materials and home decor products. The product portfolio includes hardwood flooring, timber flooring, and other related products.
82GF Score

Get the complete analysis for ROCO:2948

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

NT$38.00
Price
NT$48.13
GF Value