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Partner TechROCO:3097 +5.21%70 ROC (Joel Greenblatt) % is 19.17% as of Dec. 2025, which is 8% above its 10-year median of 17.73. GuruFocus rates ROCO:3097 with a GF Score™ of 70/100 and a GF Value™ of NT$31.61 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 2,491 Hardware companies, Partner Tech ranks better than 63.87% 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. Partner Tech's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 19.17%.
The historical rank and industry rank for Partner Tech's ROC (Joel Greenblatt) % or its related term are showing as below:
ROCO:3097'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.85 Med: 17.73 Max: 25.83
Current: 18.38
During the past 13 years, Partner Tech's highest ROC (Joel Greenblatt) % was 25.83%. The lowest was -0.85%. And the median was 17.73%.
ROCO:3097's ROC (Joel Greenblatt) % is ranked better than 63.87% of 2491
companies
in the Hardware industry
Industry Median: 10.49
vs ROCO:3097: 18.38
Partner Tech's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 12.90% 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.
Partner Tech ROC (Joel Greenblatt) % Related Terms
Partner Tech ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Partner Tech'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:3097 vs DELL, ANET, SNDK: ROC (Joel Greenblatt) % Comparison
For the Computer Hardware subindustry, Partner Tech'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.
Partner Tech ROC (Joel Greenblatt) % vs Hardware Industry
For the Hardware industry and Technology sector, Partner Tech's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Partner Tech'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 19.17% mean?
Partner Tech (ROCO:3097) has a ROC (Joel Greenblatt) % of 19.17% 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 Partner Tech and its competitors. This is near median its historical median of 17.73. According to the industry distribution chart, Partner Tech ranks #900 out of 2491 companies in the Hardware industry, placing it in the top 36.1%.
Is Partner Tech's ROC (Joel Greenblatt) % too high?
Partner Tech's current ROC (Joel Greenblatt) % of 19.17% is near median its 10-year median of 17.73. The Hardware industry median ROC (Joel Greenblatt) % is 10.49. Partner Tech's value of 19.17% is 82.7% above this industry median. Based on the distribution chart, Partner Tech ranks #900 out of 2491 companies in the Hardware industry, which is above the industry midpoint. Overall, Partner Tech has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Partner Tech's ROC (Joel Greenblatt) % compare to DELL and ANET?
According to the Hardware industry distribution chart, Partner Tech ranks #900 out of 2491 companies for ROC (Joel Greenblatt) %. This puts Partner Tech in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 10.49. Partner Tech's value of 19.17% is 82.7% above this benchmark. While the company's 10-year median is 17.73 vs. the industry median of 10.49, Partner Tech 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 Hardware company?
The median ROC (Joel Greenblatt) % among Hardware companies is 10.49, based on 2,491 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. Partner Tech's current ROC (Joel Greenblatt) % of 19.17% is 82.7% 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 Partner Tech and its competitors. For the Hardware industry, the median ROC (Joel Greenblatt) % is 10.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Partner Tech's current ROC (Joel Greenblatt) % is 19.17%, which is near median its own 10-year median of 17.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Partner Tech stock overvalued right now?
Based on GuruFocus' analysis, Partner Tech (ROCO:3097) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$31.61, compared to a current price of NT$24.25 — trading 23.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is 19.17%, which is near median its 10-year median of 17.73 and 82.7% above the Hardware industry median of 10.49. Partner Tech's overall GF Score™ is 70/100 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 Partner Tech (ROCO:3097), the current ROC (Joel Greenblatt) % is 19.17% 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 Partner Tech (ROCO:3097) Overvalued in 2026?
Based on GuruFocus' analysis, Partner Tech stock appears to be undervalued.
The current stock price of NT$24.25 is trading 23.3% below its estimated GF Value™ of NT$31.61.
GuruFocus considers Partner Tech to be Modestly Undervalued.
Key valuation signals for ROCO:3097:
ROC (Joel Greenblatt) %: 19.17% (near median its 10-year median of 17.73)
GF Value™: NT$31.61 vs. price of NT$24.25 (23.3% below fair value)
Industry Position: 82.7% above the Hardware median (#900 of 2491)
No single metric tells the full story. See the ROCO:3097 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Partner Tech Corp is a manufacturer of PC-based, open architecture POS terminals and peripherals. Its product portfolio includes all-in-one POS terminals, all-in-one Mobile terminal, ordering terminal, Mobile Computer, thermal printers, and scanners.
70GF Score
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