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Asia Tech ImageROCO:4974 +0.58%76 ROC (Joel Greenblatt) % is 138.79% as of Mar. 2026, which is 40% above its 10-year median of 99.38. GuruFocus rates ROCO:4974 with a GF Score™ of 76/100 and a GF Value™ of NT$67.60 (Fairly Valued). The stock has 5 warning signs investors should review. Among 2,492 Hardware companies, Asia Tech Image ranks better than 96.23% 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. Asia Tech Image's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 138.79%.
The historical rank and industry rank for Asia Tech Image's ROC (Joel Greenblatt) % or its related term are showing as below:
ROCO:4974'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 52 Med: 99.38 Max: 148.57
Current: 139.17
During the past 13 years, Asia Tech Image's highest ROC (Joel Greenblatt) % was 148.57%. The lowest was 52.00%. And the median was 99.38%.
ROCO:4974's ROC (Joel Greenblatt) % is ranked better than 96.23% of 2492
companies
in the Hardware industry
Industry Median: 10.35
vs ROCO:4974: 139.17
Asia Tech Image's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.80% per year.
Asia Tech Image (ROCO:4974) 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.
Asia Tech Image ROC (Joel Greenblatt) % Related Terms
Asia Tech Image ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Asia Tech Image'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:4974 vs APH, GLW, TEL: ROC (Joel Greenblatt) % Comparison
For the Electronic Components subindustry, Asia Tech Image'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.
Asia Tech Image ROC (Joel Greenblatt) % vs Hardware Industry
For the Hardware industry and Technology sector, Asia Tech Image's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Asia Tech Image's ROC (Joel Greenblatt) % falls into.
Asia Tech Image 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 138.79% mean?
Asia Tech Image (ROCO:4974) has a ROC (Joel Greenblatt) % of 138.79% 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 Asia Tech Image and its competitors. This is 40% above median its historical median of 99.38. Over the past decade, Asia Tech Image's ROC (Joel Greenblatt) % has ranged from 52.00 to 148.57. According to the industry distribution chart, Asia Tech Image ranks #94 out of 2492 companies in the Hardware industry, placing it in the top 3.8%.
Is Asia Tech Image's ROC (Joel Greenblatt) % too high?
Asia Tech Image's current ROC (Joel Greenblatt) % of 138.79% is 40% above median its 10-year median of 99.38. Over the past 10 years, this metric has ranged from a low of 52.00 to a high of 148.57. The Hardware industry median ROC (Joel Greenblatt) % is 10.35. Asia Tech Image's value of 138.79% is 1241% above this industry median. Based on the distribution chart, Asia Tech Image ranks #94 out of 2492 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Asia Tech Image has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Asia Tech Image's ROC (Joel Greenblatt) % compare to APH and GLW?
According to the Hardware industry distribution chart, Asia Tech Image ranks #94 out of 2492 companies for ROC (Joel Greenblatt) %. This places Asia Tech Image in the top 4% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 10.35. Asia Tech Image's value of 138.79% is 1241% above this benchmark. Historically, Asia Tech Image's own ROC (Joel Greenblatt) % has ranged from 52.00 to 148.57 over the past decade. While the company's 10-year median is 99.38 vs. the industry median of 10.35, Asia Tech Image 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 10.35, based on 2,492 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. Asia Tech Image's current ROC (Joel Greenblatt) % of 138.79% is 1241% 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 Asia Tech Image and its competitors. For the Hardware industry, the median ROC (Joel Greenblatt) % is 10.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asia Tech Image's current ROC (Joel Greenblatt) % is 138.79%, which is 40% above median its own 10-year median of 99.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asia Tech Image stock overvalued right now?
Based on GuruFocus' analysis, Asia Tech Image (ROCO:4974) is currently considered Fairly Valued. The stock's GF Value™ is NT$67.60, compared to a current price of NT$68.80 — trading 1.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is 138.79%, which is 40% above median its 10-year median of 99.38 and 1241% above the Hardware industry median of 10.35. Asia Tech Image's overall GF Score™ is 76/100 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 Asia Tech Image (ROCO:4974), the current ROC (Joel Greenblatt) % is 138.79% 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 Asia Tech Image (ROCO:4974) Overvalued in 2026?
Based on GuruFocus' analysis, Asia Tech Image stock appears to be overvalued.
The current stock price of NT$68.80 is trading 1.8% above its estimated GF Value™ of NT$67.60.
GuruFocus considers Asia Tech Image to be Fairly Valued.
Key valuation signals for ROCO:4974:
ROC (Joel Greenblatt) %: 138.79% (40% above median its 10-year median of 99.38)
GF Value™: NT$67.60 vs. price of NT$68.80 (1.8% above fair value)
Industry Position: 1241% above the Hardware median (#94 of 2492)
No single metric tells the full story. See the ROCO:4974 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asia Tech Image Inc is engaged in manufacturing and selling contact image sensor modules the scope of product application is mainly for multi-functional business machines. its product includes CIS modules applied to Inkjet multi-functional printers (MFP), Laser MFP, Scanners, Plain paper copiers, and digital photo frames. It operates in three principal geographical areas including Taiwan, China, and Burma.
76GF Score
Get the complete analysis for ROCO:4974
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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