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Yuanta Futures CoROCO:6023 +0.36%68 ROC (Joel Greenblatt) % is 409.87% as of Mar. 2026, which is 52% above its 10-year median of 270.49. GuruFocus rates ROCO:6023 with a GF Score™ of 68/100 and a GF Value™ of NT$72.85 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 679 Capital Markets companies, Yuanta Futures Co ranks better than 82.77% 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. Yuanta Futures Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 409.87%.
The historical rank and industry rank for Yuanta Futures Co's ROC (Joel Greenblatt) % or its related term are showing as below:
ROCO:6023'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 115.48 Med: 270.49 Max: 1118.98
Current: 431.66
During the past 13 years, Yuanta Futures Co's highest ROC (Joel Greenblatt) % was 1118.98%. The lowest was 115.48%. And the median was 270.49%.
ROCO:6023's ROC (Joel Greenblatt) % is ranked better than 82.77% of 679
companies
in the Capital Markets industry
Industry Median: 33.78
vs ROCO:6023: 431.66
Yuanta Futures Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 28.60% per year.
Yuanta Futures Co (ROCO:6023) 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.
Yuanta Futures Co ROC (Joel Greenblatt) % Related Terms
Yuanta Futures Co ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Yuanta Futures 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.
ROCO:6023 vs MS, GS, SCHW: ROC (Joel Greenblatt) % Comparison
For the Capital Markets subindustry, Yuanta Futures 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.
Yuanta Futures Co ROC (Joel Greenblatt) % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Yuanta Futures Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Yuanta Futures Co's ROC (Joel Greenblatt) % falls into.
Yuanta Futures 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 409.87% mean?
Yuanta Futures Co (ROCO:6023) has a ROC (Joel Greenblatt) % of 409.87% 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 Yuanta Futures Co and its competitors. This is 52% above median its historical median of 270.49. Over the past decade, Yuanta Futures Co's ROC (Joel Greenblatt) % has ranged from 115.48 to 1,118.98. According to the industry distribution chart, Yuanta Futures Co ranks #117 out of 679 companies in the Capital Markets industry, placing it in the top 17.2%.
Is Yuanta Futures Co's ROC (Joel Greenblatt) % too high?
Yuanta Futures Co's current ROC (Joel Greenblatt) % of 409.87% is 52% above median its 10-year median of 270.49. Over the past 10 years, this metric has ranged from a low of 115.48 to a high of 1,118.98. The Capital Markets industry median ROC (Joel Greenblatt) % is 33.78. Yuanta Futures Co's value of 409.87% is 1113.4% above this industry median. Based on the distribution chart, Yuanta Futures Co ranks #117 out of 679 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Yuanta Futures Co has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Yuanta Futures Co's ROC (Joel Greenblatt) % compare to MS and GS?
According to the Capital Markets industry distribution chart, Yuanta Futures Co ranks #117 out of 679 companies for ROC (Joel Greenblatt) %. This places Yuanta Futures Co in the top 17% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 33.78. Yuanta Futures Co's value of 409.87% is 1113.4% above this benchmark. Historically, Yuanta Futures Co's own ROC (Joel Greenblatt) % has ranged from 115.48 to 1,118.98 over the past decade. While the company's 10-year median is 270.49 vs. the industry median of 33.78, Yuanta Futures Co 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 Capital Markets company?
The median ROC (Joel Greenblatt) % among Capital Markets companies is 33.78, based on 679 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. Yuanta Futures Co's current ROC (Joel Greenblatt) % of 409.87% is 1113.4% 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 Yuanta Futures Co and its competitors. For the Capital Markets industry, the median ROC (Joel Greenblatt) % is 33.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Yuanta Futures Co's current ROC (Joel Greenblatt) % is 409.87%, which is 52% above median its own 10-year median of 270.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yuanta Futures Co stock overvalued right now?
Based on GuruFocus' analysis, Yuanta Futures Co (ROCO:6023) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$72.85, compared to a current price of NT$82.80 — trading 13.7% above its estimated fair value. The current ROC (Joel Greenblatt) % is 409.87%, which is 52% above median its 10-year median of 270.49 and 1113.4% above the Capital Markets industry median of 33.78. Yuanta Futures Co's overall GF Score™ is 68/100 with 4 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 Yuanta Futures Co (ROCO:6023), the current ROC (Joel Greenblatt) % is 409.87% 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 Yuanta Futures Co (ROCO:6023) Overvalued in 2026?
Based on GuruFocus' analysis, Yuanta Futures Co stock appears to be overvalued.
The current stock price of NT$82.80 is trading 13.7% above its estimated GF Value™ of NT$72.85.
GuruFocus considers Yuanta Futures Co to be Modestly Overvalued.
Key valuation signals for ROCO:6023:
ROC (Joel Greenblatt) %: 409.87% (52% above median its 10-year median of 270.49)
GF Value™: NT$72.85 vs. price of NT$82.80 (13.7% above fair value)
Industry Position: 1113.4% above the Capital Markets median (#117 of 679)
No single metric tells the full story. See the ROCO:6023 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Yuanta Futures Co Ltd is Taiwan's futures company. The company is engaged in onshore and offshore futures brokerage business, futures dealing, futures consulting, futures business management, securities dealing, leverage transaction merchant, and a variety of futures-related businesses. Its operating segments include: Brokerage segment, Dealing segment, and Other segment. The company derives maximum revenue from Brokerage segment. Geographically, the company has its presence in Taiwan, Asia (excluding Taiwan), Europe, America and Other.
68GF Score
Get the complete analysis for ROCO:6023
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