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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. Empower Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -8.47%.
The historical rank and industry rank for Empower Technology's ROC (Joel Greenblatt) % or its related term are showing as below:
ROCO:5348'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -92.65 Med: -24.66 Max: 215.4
Current: -10.37
During the past 13 years, Empower Technology's highest ROC (Joel Greenblatt) % was 215.40%. The lowest was -92.65%. And the median was -24.66%.
ROCO:5348's ROC (Joel Greenblatt) % is ranked worse than 78.12% of 2491
companies
in the Hardware industry
Industry Median: 10.49
vs ROCO:5348: -10.37
Empower Technology's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% 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.
Empower Technology ROC (Joel Greenblatt) % Related Terms
Empower Technology ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Empower 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:5348 vs CSCO, MSI, HPE: ROC (Joel Greenblatt) % Comparison
For the Communication Equipment subindustry, Empower 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.
Empower Technology ROC (Joel Greenblatt) % vs Hardware Industry
For the Hardware industry and Technology sector, Empower Technology's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Empower Technology'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 (Dec. 2025) 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 -8.47% mean?
Empower Technology (ROCO:5348) has a ROC (Joel Greenblatt) % of -8.47% as of Dec. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Empower Technology and its competitors. According to the industry distribution chart, Empower Technology ranks #1946 out of 2491 companies in the Hardware industry, placing it in the top 78.1%.
Is Empower Technology's ROC (Joel Greenblatt) % too high?
Empower Technology's current ROC (Joel Greenblatt) % is -8.47%. Based on the distribution chart, Empower Technology ranks #1946 out of 2491 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Empower Technology has a GF Score™ of 62/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Empower Technology's ROC (Joel Greenblatt) % compare to CSCO and MSI?
According to the Hardware industry distribution chart, Empower Technology ranks #1946 out of 2491 companies for ROC (Joel Greenblatt) %. This places Empower Technology in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 10.49. 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 10.49, 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. 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 Empower Technology and its competitors. For the Hardware industry, the median ROC (Joel Greenblatt) % is 10.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Empower Technology's current ROC (Joel Greenblatt) % is -8.47%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Empower Technology stock overvalued right now?
Based on GuruFocus' analysis, Empower Technology (ROCO:5348) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$26.79, compared to a current price of NT$16.95 — trading 36.7% below its estimated fair value. The current ROC (Joel Greenblatt) % is -8.47%. Empower Technology's overall GF Score™ is 62/100 with 1 warning sign 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 Empower Technology (ROCO:5348), the current ROC (Joel Greenblatt) % is -8.47% as of Dec. 2025. 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 Empower Technology (ROCO:5348) Overvalued in 2026?
Based on GuruFocus' analysis, Empower Technology stock appears to be undervalued.
The current stock price of NT$16.95 is trading 36.7% below its estimated GF Value™ of NT$26.79.
GuruFocus considers Empower Technology to be Significantly Undervalued.
Key valuation signals for ROCO:5348:
ROC (Joel Greenblatt) %: -8.47%
GF Value™: NT$26.79 vs. price of NT$16.95 (36.7% below fair value)
No single metric tells the full story. See the ROCO:5348 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Empower Technology Corp Formerly Transystem Inc develops wireless communications products for RF communications and GPS markets. The Company's products include optical multiplexers, modems, Bluetooth GPS receivers, GPS data loggers, tracking devices, and modules for embedded GPS applications.
62GF Score
Get the complete analysis for ROCO:5348
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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