Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Topco TechnologiesROCO:3388 +0.69%62 ROC (Joel Greenblatt) % is 26.49% as of Mar. 2026, which is 6% below its 10-year median of 28.06. GuruFocus rates ROCO:3388 with a GF Score™ of 62/100 and a GF Value™ of NT$67.30 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,604 Chemicals companies, Topco Technologies ranks better than 83.35% 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. Topco Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 26.49%.
The historical rank and industry rank for Topco Technologies's ROC (Joel Greenblatt) % or its related term are showing as below:
ROCO:3388'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 18.71 Med: 28.06 Max: 40.79
Current: 26.11
During the past 13 years, Topco Technologies's highest ROC (Joel Greenblatt) % was 40.79%. The lowest was 18.71%. And the median was 28.06%.
ROCO:3388's ROC (Joel Greenblatt) % is ranked better than 83.35% of 1604
companies
in the Chemicals industry
Industry Median: 9.685
vs ROCO:3388: 26.11
Topco Technologies's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -8.90% 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.
Topco Technologies ROC (Joel Greenblatt) % Related Terms
Topco Technologies ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Topco Technologies'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:3388 vs LIN, SHW, ECL: ROC (Joel Greenblatt) % Comparison
For the Specialty Chemicals subindustry, Topco Technologies'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.
Topco Technologies ROC (Joel Greenblatt) % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Topco Technologies's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Topco Technologies'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 26.49% mean?
Topco Technologies (ROCO:3388) has a ROC (Joel Greenblatt) % of 26.49% 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 Topco Technologies and its competitors. This is near median its historical median of 28.06. Over the past decade, Topco Technologies' ROC (Joel Greenblatt) % has ranged from 18.71 to 40.79. According to the industry distribution chart, Topco Technologies ranks #267 out of 1604 companies in the Chemicals industry, placing it in the top 16.6%.
Is Topco Technologies' ROC (Joel Greenblatt) % too high?
Topco Technologies' current ROC (Joel Greenblatt) % of 26.49% is near median its 10-year median of 28.06. Over the past 10 years, this metric has ranged from a low of 18.71 to a high of 40.79. The Chemicals industry median ROC (Joel Greenblatt) % is 9.69. Topco Technologies' value of 26.49% is 173.5% above this industry median. Based on the distribution chart, Topco Technologies ranks #267 out of 1604 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Topco Technologies has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Topco Technologies' ROC (Joel Greenblatt) % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Topco Technologies ranks #267 out of 1604 companies for ROC (Joel Greenblatt) %. This places Topco Technologies in the top 17% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 9.69. Topco Technologies' value of 26.49% is 173.5% above this benchmark. Historically, Topco Technologies' own ROC (Joel Greenblatt) % has ranged from 18.71 to 40.79 over the past decade. While the company's 10-year median is 28.06 vs. the industry median of 9.69, Topco Technologies 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 Chemicals company?
The median ROC (Joel Greenblatt) % among Chemicals companies is 9.69, based on 1,604 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. Topco Technologies's current ROC (Joel Greenblatt) % of 26.49% is 173.5% 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 Topco Technologies and its competitors. For the Chemicals industry, the median ROC (Joel Greenblatt) % is 9.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Topco Technologies's current ROC (Joel Greenblatt) % is 26.49%, which is near median its own 10-year median of 28.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Topco Technologies stock overvalued right now?
Based on GuruFocus' analysis, Topco Technologies (ROCO:3388) is currently considered Fairly Valued. The stock's GF Value™ is NT$67.30, compared to a current price of NT$73.10 — trading 8.6% above its estimated fair value. The current ROC (Joel Greenblatt) % is 26.49%, which is near median its 10-year median of 28.06 and 173.5% above the Chemicals industry median of 9.69. Topco Technologies' overall GF Score™ is 62/100 with 5 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 Topco Technologies (ROCO:3388), the current ROC (Joel Greenblatt) % is 26.49% 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 Topco Technologies (ROCO:3388) Overvalued in 2026?
Based on GuruFocus' analysis, Topco Technologies stock appears to be overvalued.
The current stock price of NT$73.10 is trading 8.6% above its estimated GF Value™ of NT$67.30.
GuruFocus considers Topco Technologies to be Fairly Valued.
Key valuation signals for ROCO:3388:
ROC (Joel Greenblatt) %: 26.49% (near median its 10-year median of 28.06)
GF Value™: NT$67.30 vs. price of NT$73.10 (8.6% above fair value)
Industry Position: 173.5% above the Chemicals median (#267 of 1604)
No single metric tells the full story. See the ROCO:3388 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Topco Technologies Corp is engaged in the import and export business of products related to chemical materials and business of general trading activities. Its products include silicone oil, cosmetic raw materials, silicone rubber, silicone powder, conductive thermal material, grease, architectural curtains, sealant, and others. The company operates in three segments: Taipei Department, Overseas Department, and Taichung Department. The majority of its revenue is generated from the Overseas Department, which is responsible for the merchandising business of importing and exporting chemical material-related products according to different regions. Geographically, it operates in Taiwan and Mainland China.
62GF Score
Get the complete analysis for ROCO:3388
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ROCO:3388 has been successfully added to your 
