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Asix ElectronicsROCO:3169 -0.97%70 ROC (Joel Greenblatt) % is 560.88% as of Mar. 2026, which is 122% above its 10-year median of 252.99. GuruFocus rates ROCO:3169 with a GF Score™ of 70/100 and a GF Value™ of NT$98.48 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,028 Semiconductors companies, Asix Electronics ranks better than 98.93% 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. Asix Electronics's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 560.88%.
The historical rank and industry rank for Asix Electronics's ROC (Joel Greenblatt) % or its related term are showing as below:
ROCO:3169'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 47.03 Med: 252.99 Max: 696.06
Current: 500.33
During the past 13 years, Asix Electronics's highest ROC (Joel Greenblatt) % was 696.06%. The lowest was 47.03%. And the median was 252.99%.
ROCO:3169's ROC (Joel Greenblatt) % is ranked better than 98.93% of 1028
companies
in the Semiconductors industry
Industry Median: 8.64
vs ROCO:3169: 500.33
Asix Electronics's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.90% 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.
Asix Electronics ROC (Joel Greenblatt) % Related Terms
Asix Electronics ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Asix Electronics'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:3169 vs NVDA, AVGO, MU: ROC (Joel Greenblatt) % Comparison
For the Semiconductors subindustry, Asix Electronics'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.
Asix Electronics ROC (Joel Greenblatt) % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Asix Electronics's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Asix Electronics'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 560.88% mean?
Asix Electronics (ROCO:3169) has a ROC (Joel Greenblatt) % of 560.88% 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 Asix Electronics and its competitors. This is 122% above median its historical median of 252.99. Over the past decade, Asix Electronics' ROC (Joel Greenblatt) % has ranged from 47.03 to 696.06. According to the industry distribution chart, Asix Electronics ranks #11 out of 1028 companies in the Semiconductors industry, placing it in the top 1.1%.
Is Asix Electronics' ROC (Joel Greenblatt) % too high?
Asix Electronics' current ROC (Joel Greenblatt) % of 560.88% is 122% above median its 10-year median of 252.99. Over the past 10 years, this metric has ranged from a low of 47.03 to a high of 696.06. The Semiconductors industry median ROC (Joel Greenblatt) % is 8.64. Asix Electronics' value of 560.88% is 6391.7% above this industry median. Based on the distribution chart, Asix Electronics ranks #11 out of 1028 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Asix Electronics has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Asix Electronics' ROC (Joel Greenblatt) % compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Asix Electronics ranks #11 out of 1028 companies for ROC (Joel Greenblatt) %. This places Asix Electronics in the top 1% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 8.64. Asix Electronics' value of 560.88% is 6391.7% above this benchmark. Historically, Asix Electronics' own ROC (Joel Greenblatt) % has ranged from 47.03 to 696.06 over the past decade. While the company's 10-year median is 252.99 vs. the industry median of 8.64, Asix Electronics 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 Semiconductors company?
The median ROC (Joel Greenblatt) % among Semiconductors companies is 8.64, based on 1,028 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. Asix Electronics's current ROC (Joel Greenblatt) % of 560.88% is 6391.7% 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 Asix Electronics and its competitors. For the Semiconductors industry, the median ROC (Joel Greenblatt) % is 8.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asix Electronics's current ROC (Joel Greenblatt) % is 560.88%, which is 122% above median its own 10-year median of 252.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asix Electronics stock overvalued right now?
Based on GuruFocus' analysis, Asix Electronics (ROCO:3169) is currently considered Fairly Valued. The stock's GF Value™ is NT$98.48, compared to a current price of NT$102.00 — trading 3.6% above its estimated fair value. The current ROC (Joel Greenblatt) % is 560.88%, which is 122% above median its 10-year median of 252.99 and 6391.7% above the Semiconductors industry median of 8.64. Asix Electronics' 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 Asix Electronics (ROCO:3169), the current ROC (Joel Greenblatt) % is 560.88% 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 Asix Electronics (ROCO:3169) Overvalued in 2026?
Based on GuruFocus' analysis, Asix Electronics stock appears to be overvalued.
The current stock price of NT$102.00 is trading 3.6% above its estimated GF Value™ of NT$98.48.
GuruFocus considers Asix Electronics to be Fairly Valued.
Key valuation signals for ROCO:3169:
ROC (Joel Greenblatt) %: 560.88% (122% above median its 10-year median of 252.99)
GF Value™: NT$98.48 vs. price of NT$102.00 (3.6% above fair value)
Industry Position: 6391.7% above the Semiconductors median (#11 of 1028)
No single metric tells the full story. See the ROCO:3169 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asix Electronics Corp Ltd is engaged in the research, development, manufacture and sale of communication and mixed-signal receiving and processing chips, multimedia graphics IC and graphics boards, asynchronous transmission mode chips, interface transmission chips, display driver chips and white light emitting diode driver chips. Geographically, the company generates the majority of its revenue from Taiwan and the rest from China and other regions.
70GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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