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APAC Opto ElectronicsROCO:4908 +6.74%57 ROC (Joel Greenblatt) % is 59.81% as of Mar. 2026, which is 89% above its 10-year median of 31.67. GuruFocus rates ROCO:4908 with a GF Score™ of 57/100 and a GF Value™ of NT$83.82 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,491 Hardware companies, APAC Opto Electronics ranks better than 83.02% 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. APAC Opto Electronics's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 59.81%.
The historical rank and industry rank for APAC Opto Electronics's ROC (Joel Greenblatt) % or its related term are showing as below:
ROCO:4908'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 19.27 Med: 31.67 Max: 61.81
Current: 39.45
During the past 13 years, APAC Opto Electronics's highest ROC (Joel Greenblatt) % was 61.81%. The lowest was 19.27%. And the median was 31.67%.
ROCO:4908's ROC (Joel Greenblatt) % is ranked better than 83.02% of 2491
companies
in the Hardware industry
Industry Median: 10.43
vs ROCO:4908: 39.45
APAC Opto Electronics's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 5.70% 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.
APAC Opto Electronics ROC (Joel Greenblatt) % Related Terms
APAC Opto Electronics ROC (Joel Greenblatt) % Historical Data
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The historical data trend for APAC Opto 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:4908 vs CSCO, MSI, HPE: ROC (Joel Greenblatt) % Comparison
For the Communication Equipment subindustry, APAC Opto 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.
APAC Opto Electronics ROC (Joel Greenblatt) % vs Hardware Industry
For the Hardware industry and Technology sector, APAC Opto Electronics's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where APAC Opto 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 59.81% mean?
APAC Opto Electronics (ROCO:4908) has a ROC (Joel Greenblatt) % of 59.81% 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 APAC Opto Electronics and its competitors. This is 89% above median its historical median of 31.67. Over the past decade, APAC Opto Electronics' ROC (Joel Greenblatt) % has ranged from 19.27 to 61.81. According to the industry distribution chart, APAC Opto Electronics ranks #423 out of 2491 companies in the Hardware industry, placing it in the top 17%.
Is APAC Opto Electronics' ROC (Joel Greenblatt) % too high?
APAC Opto Electronics' current ROC (Joel Greenblatt) % of 59.81% is 89% above median its 10-year median of 31.67. Over the past 10 years, this metric has ranged from a low of 19.27 to a high of 61.81. The Hardware industry median ROC (Joel Greenblatt) % is 10.43. APAC Opto Electronics' value of 59.81% is 473.4% above this industry median. Based on the distribution chart, APAC Opto Electronics ranks #423 out of 2491 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, APAC Opto Electronics has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does APAC Opto Electronics' ROC (Joel Greenblatt) % compare to CSCO and MSI?
According to the Hardware industry distribution chart, APAC Opto Electronics ranks #423 out of 2491 companies for ROC (Joel Greenblatt) %. This places APAC Opto Electronics in the top 17% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 10.43. APAC Opto Electronics' value of 59.81% is 473.4% above this benchmark. Historically, APAC Opto Electronics' own ROC (Joel Greenblatt) % has ranged from 19.27 to 61.81 over the past decade. While the company's 10-year median is 31.67 vs. the industry median of 10.43, APAC Opto 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 Hardware company?
The median ROC (Joel Greenblatt) % among Hardware companies is 10.43, based on 2,491 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. APAC Opto Electronics's current ROC (Joel Greenblatt) % of 59.81% is 473.4% 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 APAC Opto Electronics and its competitors. For the Hardware industry, the median ROC (Joel Greenblatt) % is 10.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. APAC Opto Electronics's current ROC (Joel Greenblatt) % is 59.81%, which is 89% above median its own 10-year median of 31.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is APAC Opto Electronics stock overvalued right now?
Based on GuruFocus' analysis, APAC Opto Electronics (ROCO:4908) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$83.82, compared to a current price of NT$150.50 — trading 79.6% above its estimated fair value. The current ROC (Joel Greenblatt) % is 59.81%, which is 89% above median its 10-year median of 31.67 and 473.4% above the Hardware industry median of 10.43. APAC Opto Electronics' overall GF Score™ is 57/100 with 2 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 APAC Opto Electronics (ROCO:4908), the current ROC (Joel Greenblatt) % is 59.81% 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 APAC Opto Electronics (ROCO:4908) Overvalued in 2026?
Based on GuruFocus' analysis, APAC Opto Electronics stock appears to be overvalued.
The current stock price of NT$150.50 is trading 79.6% above its estimated GF Value™ of NT$83.82.
GuruFocus considers APAC Opto Electronics to be Significantly Overvalued.
Key valuation signals for ROCO:4908:
ROC (Joel Greenblatt) %: 59.81% (89% above median its 10-year median of 31.67)
GF Value™: NT$83.82 vs. price of NT$150.50 (79.6% above fair value)
Industry Position: 473.4% above the Hardware median (#423 of 2491)
No single metric tells the full story. See the ROCO:4908 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
APAC Opto Electronics Inc is a manufacturer of wired and wireless communication equipment and electronic components, and the wholesale and retail of telecommunications equipment and electronic materials. The products of the company include optical extender modules, optical transceiver modules, Optical extender modules, and copper transceiver modules.
57GF Score
Get the complete analysis for ROCO:4908
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