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TSC Auto ID TechnologyROCO:3611 +0.27%84 ROC (Joel Greenblatt) % is 24.55% as of Mar. 2026, which is 53% below its 10-year median of 52.43. GuruFocus rates ROCO:3611 with a GF Score™ of 84/100 and a GF Value™ of NT$275.96 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 2,493 Hardware companies, TSC Auto ID Technology ranks better than 76.13% 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. TSC Auto ID Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 24.55%.
The historical rank and industry rank for TSC Auto ID Technology's ROC (Joel Greenblatt) % or its related term are showing as below:
ROCO:3611'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 27.44 Med: 52.43 Max: 109.13
Current: 28.53
During the past 13 years, TSC Auto ID Technology's highest ROC (Joel Greenblatt) % was 109.13%. The lowest was 27.44%. And the median was 52.43%.
ROCO:3611's ROC (Joel Greenblatt) % is ranked better than 76.13% of 2493
companies
in the Hardware industry
Industry Median: 10.53
vs ROCO:3611: 28.53
TSC Auto ID Technology's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -11.90% per year.
TSC Auto ID Technology (ROCO:3611) 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.
TSC Auto ID Technology ROC (Joel Greenblatt) % Related Terms
TSC Auto ID Technology ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for TSC Auto ID Technology'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.
TSC Auto ID Technology ROC (Joel Greenblatt) % Chart
ROCO:3611 vs DELL, ANET, SNDK: ROC (Joel Greenblatt) % Comparison
For the Computer Hardware subindustry, TSC Auto ID Technology'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.
TSC Auto ID Technology ROC (Joel Greenblatt) % vs Hardware Industry
For the Hardware industry and Technology sector, TSC Auto ID Technology's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where TSC Auto ID Technology's ROC (Joel Greenblatt) % falls into.
TSC Auto ID Technology 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 24.55% mean?
TSC Auto ID Technology (ROCO:3611) has a ROC (Joel Greenblatt) % of 24.55% 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 TSC Auto ID Technology and its competitors. This is 53% below median its historical median of 52.43. Over the past decade, TSC Auto ID Technology's ROC (Joel Greenblatt) % has ranged from 27.44 to 109.13. According to the industry distribution chart, TSC Auto ID Technology ranks #595 out of 2493 companies in the Hardware industry, placing it in the top 23.9%.
Is TSC Auto ID Technology's ROC (Joel Greenblatt) % too high?
TSC Auto ID Technology's current ROC (Joel Greenblatt) % of 24.55% is 53% below median its 10-year median of 52.43. Over the past 10 years, this metric has ranged from a low of 27.44 to a high of 109.13. The Hardware industry median ROC (Joel Greenblatt) % is 10.53. TSC Auto ID Technology's value of 24.55% is 133.1% above this industry median. Based on the distribution chart, TSC Auto ID Technology ranks #595 out of 2493 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, TSC Auto ID Technology has a GF Score™ of 84/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TSC Auto ID Technology's ROC (Joel Greenblatt) % compare to DELL and ANET?
According to the Hardware industry distribution chart, TSC Auto ID Technology ranks #595 out of 2493 companies for ROC (Joel Greenblatt) %. This places TSC Auto ID Technology in the top 24% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 10.53. TSC Auto ID Technology's value of 24.55% is 133.1% above this benchmark. Historically, TSC Auto ID Technology's own ROC (Joel Greenblatt) % has ranged from 27.44 to 109.13 over the past decade. While the company's 10-year median is 52.43 vs. the industry median of 10.53, TSC Auto ID Technology 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 10.53, based on 2,493 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. TSC Auto ID Technology's current ROC (Joel Greenblatt) % of 24.55% is 133.1% 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 TSC Auto ID Technology and its competitors. For the Hardware industry, the median ROC (Joel Greenblatt) % is 10.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TSC Auto ID Technology's current ROC (Joel Greenblatt) % is 24.55%, which is 53% below median its own 10-year median of 52.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TSC Auto ID Technology stock overvalued right now?
Based on GuruFocus' analysis, TSC Auto ID Technology (ROCO:3611) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$275.96, compared to a current price of NT$189.00 — trading 31.5% below its estimated fair value. The current ROC (Joel Greenblatt) % is 24.55%, which is 53% below median its 10-year median of 52.43 and 133.1% above the Hardware industry median of 10.53. TSC Auto ID Technology's overall GF Score™ is 84/100 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 TSC Auto ID Technology (ROCO:3611), the current ROC (Joel Greenblatt) % is 24.55% 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 TSC Auto ID Technology (ROCO:3611) Overvalued in 2026?
Based on GuruFocus' analysis, TSC Auto ID Technology stock appears to be undervalued.
The current stock price of NT$189.00 is trading 31.5% below its estimated GF Value™ of NT$275.96.
GuruFocus considers TSC Auto ID Technology to be Significantly Undervalued.
Key valuation signals for ROCO:3611:
ROC (Joel Greenblatt) %: 24.55% (53% below median its 10-year median of 52.43)
GF Value™: NT$275.96 vs. price of NT$189.00 (31.5% below fair value)
Industry Position: 133.1% above the Hardware median (#595 of 2493)
No single metric tells the full story. See the ROCO:3611 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TSC Auto ID Technology Corp is a company in auto-identification systems/products manufacturing and services. Its product categories include Industrial Printers; Desktop Printers; Mobile Printers; Enterprise Printers; Print Engines and Modules; Barcode Inspection Printers; Color Label Printers; and others. The company's operating segments are; Segment A which generates the majority of the revenue, and sells barcode printers and relevant components, and Segment B sells labels and printer consumables and segment C Enterprise mobile computers. Geographically, the company derives its key revenue from America and the rest from China, Europe, Taiwan, and other parts of Asia.
84GF Score
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