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Center LaboratoriesROCO:4123 -1.15%70 ROC (Joel Greenblatt) % is 615.66% as of Mar. 2026, which is 3098% above its 10-year median of 19.25. GuruFocus rates ROCO:4123 with a GF Score™ of 70/100 and a GF Value™ of NT$42.80 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 981 Drug Manufacturers companies, Center Laboratories ranks better than 99.29% 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. Center Laboratories's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 615.66%.
The historical rank and industry rank for Center Laboratories's ROC (Joel Greenblatt) % or its related term are showing as below:
ROCO:4123'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -95.99 Med: 19.25 Max: 857.11
Current: 857.11
During the past 13 years, Center Laboratories's highest ROC (Joel Greenblatt) % was 857.11%. The lowest was -95.99%. And the median was 19.25%.
ROCO:4123's ROC (Joel Greenblatt) % is ranked better than 99.29% of 981
companies
in the Drug Manufacturers industry
Industry Median: 10.74
vs ROCO:4123: 857.11
Center Laboratories's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Center Laboratories (ROCO:4123) 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.
Center Laboratories ROC (Joel Greenblatt) % Related Terms
Center Laboratories ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Center Laboratories'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:4123 vs ZTS: ROC (Joel Greenblatt) % Comparison
For the Drug Manufacturers - Specialty & Generic subindustry, Center Laboratories'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.
Center Laboratories ROC (Joel Greenblatt) % vs Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Center Laboratories's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Center Laboratories's ROC (Joel Greenblatt) % falls into.
Center Laboratories 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 615.66% mean?
Center Laboratories (ROCO:4123) has a ROC (Joel Greenblatt) % of 615.66% 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 Center Laboratories and its competitors. This is 3098% above median its historical median of 19.25. According to the industry distribution chart, Center Laboratories ranks #7 out of 981 companies in the Drug Manufacturers industry, placing it in the top 0.7%.
Is Center Laboratories' ROC (Joel Greenblatt) % too high?
Center Laboratories' current ROC (Joel Greenblatt) % of 615.66% is 3098% above median its 10-year median of 19.25. The Drug Manufacturers industry median ROC (Joel Greenblatt) % is 10.74. Center Laboratories' value of 615.66% is 5632.4% above this industry median. Based on the distribution chart, Center Laboratories ranks #7 out of 981 companies in the Drug Manufacturers industry, which is in the top quartile — a strong position relative to peers. Overall, Center Laboratories has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Center Laboratories' ROC (Joel Greenblatt) % compare to ZTS?
According to the Drug Manufacturers industry distribution chart, Center Laboratories ranks #7 out of 981 companies for ROC (Joel Greenblatt) %. This places Center Laboratories in the top 1% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 10.74. Center Laboratories' value of 615.66% is 5632.4% above this benchmark. While the company's 10-year median is 19.25 vs. the industry median of 10.74, Center Laboratories 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 Drug Manufacturers company?
The median ROC (Joel Greenblatt) % among Drug Manufacturers companies is 10.74, based on 981 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. Center Laboratories's current ROC (Joel Greenblatt) % of 615.66% is 5632.4% 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 Center Laboratories and its competitors. For the Drug Manufacturers industry, the median ROC (Joel Greenblatt) % is 10.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Center Laboratories's current ROC (Joel Greenblatt) % is 615.66%, which is 3098% above median its own 10-year median of 19.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Center Laboratories stock overvalued right now?
Based on GuruFocus' analysis, Center Laboratories (ROCO:4123) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$42.80, compared to a current price of NT$32.67 — trading 23.7% below its estimated fair value. The current ROC (Joel Greenblatt) % is 615.66%, which is 3098% above median its 10-year median of 19.25 and 5632.4% above the Drug Manufacturers industry median of 10.74. Center Laboratories' overall GF Score™ is 70/100 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 Center Laboratories (ROCO:4123), the current ROC (Joel Greenblatt) % is 615.66% 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 Center Laboratories (ROCO:4123) Overvalued in 2026?
Based on GuruFocus' analysis, Center Laboratories stock appears to be undervalued.
The current stock price of NT$32.67 is trading 23.7% below its estimated GF Value™ of NT$42.80.
GuruFocus considers Center Laboratories to be Modestly Undervalued.
Key valuation signals for ROCO:4123:
ROC (Joel Greenblatt) %: 615.66% (3098% above median its 10-year median of 19.25)
GF Value™: NT$42.80 vs. price of NT$32.67 (23.7% below fair value)
Industry Position: 5632.4% above the Drug Manufacturers median (#7 of 981)
No single metric tells the full story. See the ROCO:4123 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Center Laboratories Inc is engaged in the manufacture and sale of various Western pharmaceuticals, including Western medicine manufacturing, wholesale, and retail. The Company operates through the following segments: Pharmaceutical Division, Biotechnology Venture Capital, and Glac Segment. The Pharmaceutical Division, which generates the majority of revenue, manufactures and sells various Western pharmaceuticals. The Biotechnology Venture Capital segment invests in domestic and foreign biotechnology undertakings, while the Glac Segment manufactures and sells probiotic products. The Company operates in Taiwan, Mainland China, and other regions, with Taiwan generating the majority of revenue.
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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