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Force Mos Technology CoROCO:4923 +0.20%52 ROC (Joel Greenblatt) % is 4.63% as of Mar. 2026, which is 7% below its 10-year median of 4.99. GuruFocus rates ROCO:4923 with a GF Score™ of 52/100 and a GF Value™ of NT$40.50 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,029 Semiconductors companies, Force Mos Technology Co ranks worse than 83.28% 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. Force Mos Technology Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 4.63%.
The historical rank and industry rank for Force Mos Technology Co's ROC (Joel Greenblatt) % or its related term are showing as below:
ROCO:4923'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -36.67 Med: 4.99 Max: 63.87
Current: -21.33
During the past 13 years, Force Mos Technology Co's highest ROC (Joel Greenblatt) % was 63.87%. The lowest was -36.67%. And the median was 4.99%.
ROCO:4923's ROC (Joel Greenblatt) % is ranked worse than 83.28% of 1029
companies
in the Semiconductors industry
Industry Median: 8.65
vs ROCO:4923: -21.33
Force Mos Technology Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Force Mos Technology Co (ROCO:4923) 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.
Force Mos Technology Co ROC (Joel Greenblatt) % Related Terms
Force Mos Technology Co ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Force Mos Technology Co'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.
Force Mos Technology Co ROC (Joel Greenblatt) % Chart
ROCO:4923 vs NVDA, AVGO, MU: ROC (Joel Greenblatt) % Comparison
For the Semiconductors subindustry, Force Mos Technology Co'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.
Force Mos Technology Co ROC (Joel Greenblatt) % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Force Mos Technology Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Force Mos Technology Co's ROC (Joel Greenblatt) % falls into.
Force Mos Technology Co 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 4.63% mean?
Force Mos Technology Co (ROCO:4923) has a ROC (Joel Greenblatt) % of 4.63% 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 Force Mos Technology Co and its competitors. This is near median its historical median of 4.99. According to the industry distribution chart, Force Mos Technology Co ranks #857 out of 1029 companies in the Semiconductors industry, placing it in the top 83.3%.
Is Force Mos Technology Co's ROC (Joel Greenblatt) % too high?
Force Mos Technology Co's current ROC (Joel Greenblatt) % of 4.63% is near median its 10-year median of 4.99. The Semiconductors industry median ROC (Joel Greenblatt) % is 8.65. Force Mos Technology Co's value of 4.63% is 46.5% below this industry median. Based on the distribution chart, Force Mos Technology Co ranks #857 out of 1029 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Force Mos Technology Co has a GF Score™ of 52/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Force Mos Technology Co's ROC (Joel Greenblatt) % compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Force Mos Technology Co ranks #857 out of 1029 companies for ROC (Joel Greenblatt) %. This places Force Mos Technology Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 8.65. Force Mos Technology Co's value of 4.63% is 46.5% below this benchmark. While the company's 10-year median is 4.99 vs. the industry median of 8.65, Force Mos Technology Co has consistently been below 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. Force Mos Technology Co's current ROC (Joel Greenblatt) % of 4.63% is 46.5% below 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 Force Mos Technology Co 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. Force Mos Technology Co's current ROC (Joel Greenblatt) % is 4.63%, which is near median its own 10-year median of 4.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Force Mos Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Force Mos Technology Co (ROCO:4923) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$40.50, compared to a current price of NT$50.60 — trading 24.9% above its estimated fair value. The current ROC (Joel Greenblatt) % is 4.63%, which is near median its 10-year median of 4.99 and 46.5% below the Semiconductors industry median of 8.65. Force Mos Technology Co's overall GF Score™ is 52/100 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 Force Mos Technology Co (ROCO:4923), the current ROC (Joel Greenblatt) % is 4.63% 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 Force Mos Technology Co (ROCO:4923) Overvalued in 2026?
Based on GuruFocus' analysis, Force Mos Technology Co stock appears to be overvalued.
The current stock price of NT$50.60 is trading 24.9% above its estimated GF Value™ of NT$40.50.
GuruFocus considers Force Mos Technology Co to be Modestly Overvalued.
Key valuation signals for ROCO:4923:
ROC (Joel Greenblatt) %: 4.63% (near median its 10-year median of 4.99)
GF Value™: NT$40.50 vs. price of NT$50.60 (24.9% above fair value)
Industry Position: 46.5% below the Semiconductors median (#857 of 1029)
No single metric tells the full story. See the ROCO:4923 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Force Mos Technology Co Ltd is mainly engaged in the manufacture of electronic components, wholesale of electronic materials, information software services and international trading, etc. The Group operates only a single industry, and is mainly engaged in design, research, development, manufacture, test, and sales, etc. of professional power electronic component. The company's products and services includes TrenchMosfet, Wafer, Diode, Transistor, and ESD. The company has presence in Taiwan and Mainland China.
52GF Score
Get the complete analysis for ROCO:4923
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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