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Max Echo TechnologyROCO:5228 +0.23%45 ROC (Joel Greenblatt) % is 18.25% as of Mar. 2026, which is 799% above its 10-year median of 2.03. GuruFocus rates ROCO:5228 with a GF Score™ of 45/100 and a GF Value™ of NT$25.65 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 2,492 Hardware companies, Max Echo Technology ranks worse than 59.87% 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. Max Echo Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 18.25%.
The historical rank and industry rank for Max Echo Technology's ROC (Joel Greenblatt) % or its related term are showing as below:
ROCO:5228'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -7.83 Med: 2.03 Max: 7.58
Current: 5.6
During the past 13 years, Max Echo Technology's highest ROC (Joel Greenblatt) % was 7.58%. The lowest was -7.83%. And the median was 2.03%.
ROCO:5228's ROC (Joel Greenblatt) % is ranked worse than 59.87% of 2492
companies
in the Hardware industry
Industry Median: 10.475
vs ROCO:5228: 5.60
Max Echo Technology's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Max Echo Technology (ROCO:5228) 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.
Max Echo Technology ROC (Joel Greenblatt) % Related Terms
Max Echo Technology ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Max Echo 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.
ROCO:5228 vs APH, GLW, TEL: ROC (Joel Greenblatt) % Comparison
For the Electronic Components subindustry, Max Echo 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.
Max Echo Technology ROC (Joel Greenblatt) % vs Hardware Industry
For the Hardware industry and Technology sector, Max Echo Technology's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Max Echo Technology's ROC (Joel Greenblatt) % falls into.
Max Echo 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 18.25% mean?
Max Echo Technology (ROCO:5228) has a ROC (Joel Greenblatt) % of 18.25% 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 Max Echo Technology and its competitors. This is 799% above median its historical median of 2.03. According to the industry distribution chart, Max Echo Technology ranks #1492 out of 2492 companies in the Hardware industry, placing it in the top 59.9%.
Is Max Echo Technology's ROC (Joel Greenblatt) % too high?
Max Echo Technology's current ROC (Joel Greenblatt) % of 18.25% is 799% above median its 10-year median of 2.03. The Hardware industry median ROC (Joel Greenblatt) % is 10.48. Max Echo Technology's value of 18.25% is 74.2% above this industry median. Based on the distribution chart, Max Echo Technology ranks #1492 out of 2492 companies in the Hardware industry, which is below the industry midpoint. Overall, Max Echo Technology has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Max Echo Technology's ROC (Joel Greenblatt) % compare to APH and GLW?
According to the Hardware industry distribution chart, Max Echo Technology ranks #1492 out of 2492 companies for ROC (Joel Greenblatt) %. This places Max Echo Technology in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 10.48. Max Echo Technology's value of 18.25% is 74.2% above this benchmark. While the company's 10-year median is 2.03 vs. the industry median of 10.48, Max Echo 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 10.48, 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. Max Echo Technology's current ROC (Joel Greenblatt) % of 18.25% is 74.2% 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 Max Echo Technology and its competitors. For the Hardware industry, the median ROC (Joel Greenblatt) % is 10.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Max Echo Technology's current ROC (Joel Greenblatt) % is 18.25%, which is 799% above median its own 10-year median of 2.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Max Echo Technology stock overvalued right now?
Based on GuruFocus' analysis, Max Echo Technology (ROCO:5228) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$25.65, compared to a current price of NT$43.40 — trading 69.2% above its estimated fair value. The current ROC (Joel Greenblatt) % is 18.25%, which is 799% above median its 10-year median of 2.03 and 74.2% above the Hardware industry median of 10.48. Max Echo Technology's overall GF Score™ is 45/100 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 Max Echo Technology (ROCO:5228), the current ROC (Joel Greenblatt) % is 18.25% 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 Max Echo Technology (ROCO:5228) Overvalued in 2026?
Based on GuruFocus' analysis, Max Echo Technology stock appears to be overvalued.
The current stock price of NT$43.40 is trading 69.2% above its estimated GF Value™ of NT$25.65.
GuruFocus considers Max Echo Technology to be Significantly Overvalued.
Key valuation signals for ROCO:5228:
ROC (Joel Greenblatt) %: 18.25% (799% above median its 10-year median of 2.03)
GF Value™: NT$25.65 vs. price of NT$43.40 (69.2% above fair value)
Industry Position: 74.2% above the Hardware median (#1492 of 2492)
No single metric tells the full story. See the ROCO:5228 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Max Echo Technology Corp is a Taiwan-based company that manufactures and sells SMD multilayer inductors and beads. Its products include multilayer GHz high-frequency ferrite chip beads, multilayer ferrite chip beads, multilayer balun transformers, and multilayer power inductors.
45GF Score
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