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Howteh Technology CoROCO:3114 -0.82%65 ROC (Joel Greenblatt) % is 24.13% as of Mar. 2026, which is 48% above its 10-year median of 16.25. GuruFocus rates ROCO:3114 with a GF Score™ of 65/100 and a GF Value™ of NT$28.53 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 159 Industrial Distribution companies, Howteh Technology Co ranks better than 68.55% 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. Howteh Technology Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 24.13%.
The historical rank and industry rank for Howteh Technology Co's ROC (Joel Greenblatt) % or its related term are showing as below:
ROCO:3114'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.55 Med: 16.25 Max: 24.92
Current: 22.16
During the past 13 years, Howteh Technology Co's highest ROC (Joel Greenblatt) % was 24.92%. The lowest was 5.55%. And the median was 16.25%.
ROCO:3114's ROC (Joel Greenblatt) % is ranked better than 68.55% of 159
companies
in the Industrial Distribution industry
Industry Median: 15.05
vs ROCO:3114: 22.16
Howteh Technology Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 2.70% per year.
Howteh Technology Co (ROCO:3114) 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.
Howteh Technology Co ROC (Joel Greenblatt) % Related Terms
Howteh Technology Co ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Howteh Technology Co'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.
Howteh Technology Co ROC (Joel Greenblatt) % Chart
ROCO:3114 vs GWW, FAST, FERG: ROC (Joel Greenblatt) % Comparison
For the Industrial Distribution subindustry, Howteh Technology Co'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.
Howteh Technology Co ROC (Joel Greenblatt) % vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Howteh Technology Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Howteh Technology Co's ROC (Joel Greenblatt) % falls into.
Howteh Technology Co 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 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 24.13% mean?
Howteh Technology Co (ROCO:3114) has a ROC (Joel Greenblatt) % of 24.13% 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 Howteh Technology Co and its competitors. This is 48% above median its historical median of 16.25. Over the past decade, Howteh Technology Co's ROC (Joel Greenblatt) % has ranged from 5.55 to 24.92. According to the industry distribution chart, Howteh Technology Co ranks #50 out of 159 companies in the Industrial Distribution industry, placing it in the top 31.4%.
Is Howteh Technology Co's ROC (Joel Greenblatt) % too high?
Howteh Technology Co's current ROC (Joel Greenblatt) % of 24.13% is 48% above median its 10-year median of 16.25. Over the past 10 years, this metric has ranged from a low of 5.55 to a high of 24.92. The Industrial Distribution industry median ROC (Joel Greenblatt) % is 15.05. Howteh Technology Co's value of 24.13% is 60.3% above this industry median. Based on the distribution chart, Howteh Technology Co ranks #50 out of 159 companies in the Industrial Distribution industry, which is above the industry midpoint. Overall, Howteh Technology Co has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Howteh Technology Co's ROC (Joel Greenblatt) % compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Howteh Technology Co ranks #50 out of 159 companies for ROC (Joel Greenblatt) %. This puts Howteh Technology Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 15.05. Howteh Technology Co's value of 24.13% is 60.3% above this benchmark. Historically, Howteh Technology Co's own ROC (Joel Greenblatt) % has ranged from 5.55 to 24.92 over the past decade. While the company's 10-year median is 16.25 vs. the industry median of 15.05, Howteh Technology Co 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 an Industrial Distribution company?
The median ROC (Joel Greenblatt) % among Industrial Distribution companies is 15.05, based on 159 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. Howteh Technology Co's current ROC (Joel Greenblatt) % of 24.13% is 60.3% 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 Howteh Technology Co and its competitors. For the Industrial Distribution industry, the median ROC (Joel Greenblatt) % is 15.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Howteh Technology Co's current ROC (Joel Greenblatt) % is 24.13%, which is 48% above median its own 10-year median of 16.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Howteh Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Howteh Technology Co (ROCO:3114) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$28.53, compared to a current price of NT$36.25 — trading 27.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 24.13%, which is 48% above median its 10-year median of 16.25 and 60.3% above the Industrial Distribution industry median of 15.05. Howteh Technology Co's overall GF Score™ is 65/100 with 2 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 Howteh Technology Co (ROCO:3114), the current ROC (Joel Greenblatt) % is 24.13% 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 Howteh Technology Co (ROCO:3114) Overvalued in 2026?
Based on GuruFocus' analysis, Howteh Technology Co stock appears to be overvalued.
The current stock price of NT$36.25 is trading 27.1% above its estimated GF Value™ of NT$28.53.
GuruFocus considers Howteh Technology Co to be Modestly Overvalued.
Key valuation signals for ROCO:3114:
ROC (Joel Greenblatt) %: 24.13% (48% above median its 10-year median of 16.25)
GF Value™: NT$28.53 vs. price of NT$36.25 (27.1% above fair value)
Industry Position: 60.3% above the Industrial Distribution median (#50 of 159)
No single metric tells the full story. See the ROCO:3114 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Howteh Technology Co Ltd is engaged mainly in trading and agency business in passive electronic components, active electronic components, integrated circuit carrier board equipment, chemicals and raw materials, semiconductors and optical equipment. Its operating segment includes Taiwan Segment responsible for the agency sales of electronic components and process equipment in Taiwan; and China and South East Asia segment responsible for the distribution of electronic components in Eastern and Southern China (including Hongkong) and Vietnam. The majority of the revenue is derived from the Taiwan segment.
65GF Score
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