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Macnica GalaxyROCO:6227 -2.36%82 ROC (Joel Greenblatt) % is 48.49% as of Mar. 2026, which is 221% above its 10-year median of 15.11. GuruFocus rates ROCO:6227 with a GF Score™ of 82/100 and a GF Value™ of NT$105.72 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 2,493 Hardware companies, Macnica Galaxy ranks better than 76.45% 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. Macnica Galaxy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 48.49%.
The historical rank and industry rank for Macnica Galaxy's ROC (Joel Greenblatt) % or its related term are showing as below:
ROCO:6227'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 8.06 Med: 15.11 Max: 29.89
Current: 28.97
During the past 13 years, Macnica Galaxy's highest ROC (Joel Greenblatt) % was 29.89%. The lowest was 8.06%. And the median was 15.11%.
ROCO:6227's ROC (Joel Greenblatt) % is ranked better than 76.45% of 2493
companies
in the Hardware industry
Industry Median: 10.53
vs ROCO:6227: 28.97
Macnica Galaxy's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 17.00% 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.
Macnica Galaxy ROC (Joel Greenblatt) % Related Terms
Macnica Galaxy ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Macnica Galaxy'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:6227 vs SNX, ARW, AVT: ROC (Joel Greenblatt) % Comparison
For the Electronics & Computer Distribution subindustry, Macnica Galaxy'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.
Macnica Galaxy ROC (Joel Greenblatt) % vs Hardware Industry
For the Hardware industry and Technology sector, Macnica Galaxy's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Macnica Galaxy'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 (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 48.49% mean?
Macnica Galaxy (ROCO:6227) has a ROC (Joel Greenblatt) % of 48.49% 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 Macnica Galaxy and its competitors. This is 221% above median its historical median of 15.11. Over the past decade, Macnica Galaxy's ROC (Joel Greenblatt) % has ranged from 8.06 to 29.89. According to the industry distribution chart, Macnica Galaxy ranks #587 out of 2493 companies in the Hardware industry, placing it in the top 23.5%.
Is Macnica Galaxy's ROC (Joel Greenblatt) % too high?
Macnica Galaxy's current ROC (Joel Greenblatt) % of 48.49% is 221% above median its 10-year median of 15.11. Over the past 10 years, this metric has ranged from a low of 8.06 to a high of 29.89. The Hardware industry median ROC (Joel Greenblatt) % is 10.53. Macnica Galaxy's value of 48.49% is 360.5% above this industry median. Based on the distribution chart, Macnica Galaxy ranks #587 out of 2493 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Macnica Galaxy has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Macnica Galaxy's ROC (Joel Greenblatt) % compare to SNX and ARW?
According to the Hardware industry distribution chart, Macnica Galaxy ranks #587 out of 2493 companies for ROC (Joel Greenblatt) %. This places Macnica Galaxy in the top 24% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 10.53. Macnica Galaxy's value of 48.49% is 360.5% above this benchmark. Historically, Macnica Galaxy's own ROC (Joel Greenblatt) % has ranged from 8.06 to 29.89 over the past decade. While the company's 10-year median is 15.11 vs. the industry median of 10.53, Macnica Galaxy 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 10.53, based on 2,493 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. Macnica Galaxy's current ROC (Joel Greenblatt) % of 48.49% is 360.5% 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 Macnica Galaxy and its competitors. For the Hardware industry, the median ROC (Joel Greenblatt) % is 10.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Macnica Galaxy's current ROC (Joel Greenblatt) % is 48.49%, which is 221% above median its own 10-year median of 15.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Macnica Galaxy stock overvalued right now?
Based on GuruFocus' analysis, Macnica Galaxy (ROCO:6227) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$105.72, compared to a current price of NT$124.00 — trading 17.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is 48.49%, which is 221% above median its 10-year median of 15.11 and 360.5% above the Hardware industry median of 10.53. Macnica Galaxy's overall GF Score™ is 82/100 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 Macnica Galaxy (ROCO:6227), the current ROC (Joel Greenblatt) % is 48.49% 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 Macnica Galaxy (ROCO:6227) Overvalued in 2026?
Based on GuruFocus' analysis, Macnica Galaxy stock appears to be overvalued.
The current stock price of NT$124.00 is trading 17.3% above its estimated GF Value™ of NT$105.72.
GuruFocus considers Macnica Galaxy to be Modestly Overvalued.
Key valuation signals for ROCO:6227:
ROC (Joel Greenblatt) %: 48.49% (221% above median its 10-year median of 15.11)
GF Value™: NT$105.72 vs. price of NT$124.00 (17.3% above fair value)
Industry Position: 360.5% above the Hardware median (#587 of 2493)
No single metric tells the full story. See the ROCO:6227 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Macnica Galaxy Inc operates as a distributor of IC products in Taiwan. It offers products under the brands such as Altair, Averlogic, Chipone (iML), Cypress, Dialog semiconductor, Everspin, FTDI Chip, Genesys Logic and others. The company ahs two segments: Macnica Galaxy Inc segment is responsible for engaging in the agency trading and technical services of semiconductor electronic components; and Macnica Galaxy International segment is responsible for the import and export trade of electronic and electrical components and finished products. It derives maximum revenue from Macnica Galaxy Inc segment.
82GF Score
Get the complete analysis for ROCO:6227
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