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Niching IndustrialROCO:3444 +1.03%63 ROC (Joel Greenblatt) % is 23.92% as of Mar. 2026, which is 0% above its 10-year median of 23.81. GuruFocus rates ROCO:3444 with a GF Score™ of 63/100 and a GF Value™ of NT$91.58 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,029 Semiconductors companies, Niching Industrial ranks better than 66.76% 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. Niching Industrial's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 23.92%.
The historical rank and industry rank for Niching Industrial's ROC (Joel Greenblatt) % or its related term are showing as below:
ROCO:3444'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 16.02 Med: 23.81 Max: 48.61
Current: 21.76
During the past 13 years, Niching Industrial's highest ROC (Joel Greenblatt) % was 48.61%. The lowest was 16.02%. And the median was 23.81%.
ROCO:3444's ROC (Joel Greenblatt) % is ranked better than 66.76% of 1029
companies
in the Semiconductors industry
Industry Median: 8.65
vs ROCO:3444: 21.76
Niching Industrial's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -2.30% 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.
Niching Industrial ROC (Joel Greenblatt) % Related Terms
Niching Industrial ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Niching Industrial'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:3444 vs AMAT, LRCX, KLAC: ROC (Joel Greenblatt) % Comparison
For the Semiconductor Equipment & Materials subindustry, Niching Industrial'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.
Niching Industrial ROC (Joel Greenblatt) % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Niching Industrial's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Niching Industrial'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 23.92% mean?
Niching Industrial (ROCO:3444) has a ROC (Joel Greenblatt) % of 23.92% 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 Niching Industrial and its competitors. This is near median its historical median of 23.81. Over the past decade, Niching Industrial's ROC (Joel Greenblatt) % has ranged from 16.02 to 48.61. According to the industry distribution chart, Niching Industrial ranks #342 out of 1029 companies in the Semiconductors industry, placing it in the top 33.2%.
Is Niching Industrial's ROC (Joel Greenblatt) % too high?
Niching Industrial's current ROC (Joel Greenblatt) % of 23.92% is near median its 10-year median of 23.81. Over the past 10 years, this metric has ranged from a low of 16.02 to a high of 48.61. The Semiconductors industry median ROC (Joel Greenblatt) % is 8.65. Niching Industrial's value of 23.92% is 176.5% above this industry median. Based on the distribution chart, Niching Industrial ranks #342 out of 1029 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Niching Industrial has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Niching Industrial's ROC (Joel Greenblatt) % compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Niching Industrial ranks #342 out of 1029 companies for ROC (Joel Greenblatt) %. This puts Niching Industrial in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 8.65. Niching Industrial's value of 23.92% is 176.5% above this benchmark. Historically, Niching Industrial's own ROC (Joel Greenblatt) % has ranged from 16.02 to 48.61 over the past decade. While the company's 10-year median is 23.81 vs. the industry median of 8.65, Niching Industrial 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 8.65, based on 1,029 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. Niching Industrial's current ROC (Joel Greenblatt) % of 23.92% is 176.5% 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 Niching Industrial and its competitors. For the Semiconductors industry, the median ROC (Joel Greenblatt) % is 8.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Niching Industrial's current ROC (Joel Greenblatt) % is 23.92%, which is near median its own 10-year median of 23.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Niching Industrial stock overvalued right now?
Based on GuruFocus' analysis, Niching Industrial (ROCO:3444) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$91.58, compared to a current price of NT$78.70 — trading 14.1% below its estimated fair value. The current ROC (Joel Greenblatt) % is 23.92%, which is near median its 10-year median of 23.81 and 176.5% above the Semiconductors industry median of 8.65. Niching Industrial's overall GF Score™ is 63/100 with 3 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 Niching Industrial (ROCO:3444), the current ROC (Joel Greenblatt) % is 23.92% 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 Niching Industrial (ROCO:3444) Overvalued in 2026?
Based on GuruFocus' analysis, Niching Industrial stock appears to be undervalued.
The current stock price of NT$78.70 is trading 14.1% below its estimated GF Value™ of NT$91.58.
GuruFocus considers Niching Industrial to be Modestly Undervalued.
Key valuation signals for ROCO:3444:
ROC (Joel Greenblatt) %: 23.92% (near median its 10-year median of 23.81)
GF Value™: NT$91.58 vs. price of NT$78.70 (14.1% below fair value)
Industry Position: 176.5% above the Semiconductors median (#342 of 1029)
No single metric tells the full story. See the ROCO:3444 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Niching Industrial Corp main business activities include the import, export, trading, and manufacturing of various raw materials, components, and equipment required for the semiconductor and optoelectronic industries. Its revenue is generated from Semiconductor products, Optoelectronics products, and others. Semiconductor products generate maximum revenue.
63GF Score
Get the complete analysis for ROCO:3444
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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