Tech-Top Engineering Co (ROCO:6750) ROC (Joel Greenblatt) %: 71.18% (As of Dec. 2025) — 46% Above Median

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ROCO:6750 Tech-Top Engineering Co Ltd ROCO:6750
82 GF Score
Price NT$55.00
GF Value NT$36.86
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Tech-Top Engineering Co ROC (Joel Greenblatt) %?

Tech-Top Engineering Co ROCO:6750 +5.97% 82 ROC (Joel Greenblatt) % is 71.18% as of Dec. 2025, which is 46% above its 10-year median of 48.68. GuruFocus rates ROCO:6750 with a GF Score™ of 82/100 and a GF Value™ of NT$36.86 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,781 Construction companies, Tech-Top Engineering Co ranks better than 82.14% 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. Tech-Top Engineering Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 71.18%.

The historical rank and industry rank for Tech-Top Engineering Co's ROC (Joel Greenblatt) % or its related term are showing as below:

ROCO:6750' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -7.42   Med: 48.68   Max: 66.05
Current: 66.05

During the past 9 years, Tech-Top Engineering Co's highest ROC (Joel Greenblatt) % was 66.05%. The lowest was -7.42%. And the median was 48.68%.

ROCO:6750's ROC (Joel Greenblatt) % is ranked better than
82.14% of 1781 companies
in the Construction industry
Industry Median: 19.62 vs ROCO:6750: 66.05

Tech-Top Engineering Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 4.80% per year.


Tech-Top Engineering Co  (ROCO:6750) 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.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


Tech-Top Engineering Co ROC (Joel Greenblatt) % Related Terms


Tech-Top Engineering Co ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Tech-Top Engineering 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.

Tech-Top Engineering Co ROC (Joel Greenblatt) % Chart

Tech-Top Engineering Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only 48.68 27.65 31.81 54.96 65.93

Tech-Top Engineering Co Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 36.09 55.89 53.39 61.05 71.18

ROCO:6750 vs PWR, FIX, EME: ROC (Joel Greenblatt) % Comparison

For the Engineering & Construction subindustry, Tech-Top Engineering 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.


Tech-Top Engineering Co ROC (Joel Greenblatt) % vs Construction Industry

For the Construction industry and Industrials sector, Tech-Top Engineering Co's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Tech-Top Engineering Co's ROC (Joel Greenblatt) % falls into.


ROCO:6750
82GF Score
Tech-Top Engineering Co Ltd ROCO:6750
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tech-Top Engineering 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:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

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.

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(623.978 + 23.856 + 368.328) - (1146.993 + 0 + 941.315)
=-1072.146

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(768.824 + 0.013 + 393.349) - (1167.711 + 0 + 695.579)
=-701.104

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Tech-Top Engineering Co for the quarter that ended in Dec. 2025 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=433.656/( ( (608.335 + max(-1072.146, 0)) + (610.061 + max(-701.104, 0)) )/ 2 )
=433.656/( ( 608.335 + 610.061 )/ 2 )
=433.656/609.198
=71.18 %

Note: The EBIT data used here is two times the semi-annual (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 71.18% mean?
Tech-Top Engineering Co (ROCO:6750) has a ROC (Joel Greenblatt) % of 71.18% 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 Tech-Top Engineering Co and its competitors. This is 46% above median its historical median of 48.68. According to the industry distribution chart, Tech-Top Engineering Co ranks #318 out of 1781 companies in the Construction industry, placing it in the top 17.9%.
Is Tech-Top Engineering Co's ROC (Joel Greenblatt) % too high?
Tech-Top Engineering Co's current ROC (Joel Greenblatt) % of 71.18% is 46% above median its 10-year median of 48.68. The Construction industry median ROC (Joel Greenblatt) % is 19.62. Tech-Top Engineering Co's value of 71.18% is 262.8% above this industry median. Based on the distribution chart, Tech-Top Engineering Co ranks #318 out of 1781 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Tech-Top Engineering Co has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tech-Top Engineering Co's ROC (Joel Greenblatt) % compare to PWR and FIX?
According to the Construction industry distribution chart, Tech-Top Engineering Co ranks #318 out of 1781 companies for ROC (Joel Greenblatt) %. This places Tech-Top Engineering Co in the top 18% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 19.62. Tech-Top Engineering Co's value of 71.18% is 262.8% above this benchmark. While the company's 10-year median is 48.68 vs. the industry median of 19.62, Tech-Top Engineering 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 Construction company?
The median ROC (Joel Greenblatt) % among Construction companies is 19.62, based on 1,781 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. Tech-Top Engineering Co's current ROC (Joel Greenblatt) % of 71.18% is 262.8% 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 Tech-Top Engineering Co and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tech-Top Engineering Co's current ROC (Joel Greenblatt) % is 71.18%, which is 46% above median its own 10-year median of 48.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tech-Top Engineering Co stock overvalued right now?
Based on GuruFocus' analysis, Tech-Top Engineering Co (ROCO:6750) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$36.86, compared to a current price of NT$55.00 — trading 49.2% above its estimated fair value. The current ROC (Joel Greenblatt) % is 71.18%, which is 46% above median its 10-year median of 48.68 and 262.8% above the Construction industry median of 19.62. Tech-Top Engineering Co'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 Tech-Top Engineering Co (ROCO:6750), the current ROC (Joel Greenblatt) % is 71.18% 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 Tech-Top Engineering Co (ROCO:6750) Overvalued in 2026?

Based on GuruFocus' analysis, Tech-Top Engineering Co stock appears to be overvalued. The current stock price of NT$55.00 is trading 49.2% above its estimated GF Value™ of NT$36.86. GuruFocus considers Tech-Top Engineering Co to be Significantly Overvalued.

Key valuation signals for ROCO:6750:

  • ROC (Joel Greenblatt) %: 71.18% (46% above median its 10-year median of 48.68)
  • GF Value™: NT$36.86 vs. price of NT$55.00 (49.2% above fair value)
  • GF Score™: 82/100 with 3 warning signs
  • Industry Position: 262.8% above the Construction median (#318 of 1781)

No single metric tells the full story. See the ROCO:6750 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tech-Top Engineering Co Business Description

Address No. 158 Jiankang Road, 10 Floor, Zhonghe District, Taipei, TWN
Tech-Top Engineering Co Ltd is an engineering company that is engaged in the design and installation of high and low voltage electrical equipment, power transmission and distribution equipment, clean rooms and other projects and maintenance business. The company also provides PV and BIPV design, planning and construction.
82GF Score

Get the complete analysis for ROCO:6750

ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$55.00
Price
NT$36.86
GF Value