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ECOVE EnvironmentROCO:6803 93 ROC (Joel Greenblatt) % is 32.36% as of Mar. 2026, which is 22% below its 10-year median of 41.36. GuruFocus rates ROCO:6803 with a GF Score™ of 93/100 and a GF Value™ of NT$356.33 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 244 Waste Management companies, ECOVE Environment ranks better than 86.07% 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. ECOVE Environment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 32.36%.
The historical rank and industry rank for ECOVE Environment's ROC (Joel Greenblatt) % or its related term are showing as below:
ROCO:6803'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 35.39 Med: 41.36 Max: 891.14
Current: 38.54
During the past 13 years, ECOVE Environment's highest ROC (Joel Greenblatt) % was 891.14%. The lowest was 35.39%. And the median was 41.36%.
ROCO:6803's ROC (Joel Greenblatt) % is ranked better than 86.07% of 244
companies
in the Waste Management industry
Industry Median: 11.48
vs ROCO:6803: 38.54
ECOVE Environment's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 1.20% 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.
ECOVE Environment ROC (Joel Greenblatt) % Related Terms
ECOVE Environment ROC (Joel Greenblatt) % Historical Data
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The historical data trend for ECOVE Environment'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:6803 vs WM, RSG, WCN: ROC (Joel Greenblatt) % Comparison
For the Waste Management subindustry, ECOVE Environment'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.
ECOVE Environment ROC (Joel Greenblatt) % vs Waste Management Industry
For the Waste Management industry and Industrials sector, ECOVE Environment's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where ECOVE Environment'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 32.36% mean?
ECOVE Environment (ROCO:6803) has a ROC (Joel Greenblatt) % of 32.36% 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 ECOVE Environment and its competitors. This is 22% below median its historical median of 41.36. Over the past decade, ECOVE Environment's ROC (Joel Greenblatt) % has ranged from 35.39 to 891.14. According to the industry distribution chart, ECOVE Environment ranks #34 out of 244 companies in the Waste Management industry, placing it in the top 13.9%.
Is ECOVE Environment's ROC (Joel Greenblatt) % too high?
ECOVE Environment's current ROC (Joel Greenblatt) % of 32.36% is 22% below median its 10-year median of 41.36. Over the past 10 years, this metric has ranged from a low of 35.39 to a high of 891.14. The Waste Management industry median ROC (Joel Greenblatt) % is 11.48. ECOVE Environment's value of 32.36% is 181.9% above this industry median. Based on the distribution chart, ECOVE Environment ranks #34 out of 244 companies in the Waste Management industry, which is in the top quartile — a strong position relative to peers. Overall, ECOVE Environment has a GF Score™ of 93/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ECOVE Environment's ROC (Joel Greenblatt) % compare to WM and RSG?
According to the Waste Management industry distribution chart, ECOVE Environment ranks #34 out of 244 companies for ROC (Joel Greenblatt) %. This places ECOVE Environment in the top 14% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.48. ECOVE Environment's value of 32.36% is 181.9% above this benchmark. Historically, ECOVE Environment's own ROC (Joel Greenblatt) % has ranged from 35.39 to 891.14 over the past decade. While the company's 10-year median is 41.36 vs. the industry median of 11.48, ECOVE Environment 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 Waste Management company?
The median ROC (Joel Greenblatt) % among Waste Management companies is 11.48, based on 244 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. ECOVE Environment's current ROC (Joel Greenblatt) % of 32.36% is 181.9% 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 ECOVE Environment and its competitors. For the Waste Management industry, the median ROC (Joel Greenblatt) % is 11.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ECOVE Environment's current ROC (Joel Greenblatt) % is 32.36%, which is 22% below median its own 10-year median of 41.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ECOVE Environment stock overvalued right now?
Based on GuruFocus' analysis, ECOVE Environment (ROCO:6803) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$356.33, compared to a current price of NT$270.50 — trading 24.1% below its estimated fair value. The current ROC (Joel Greenblatt) % is 32.36%, which is 22% below median its 10-year median of 41.36 and 181.9% above the Waste Management industry median of 11.48. ECOVE Environment's overall GF Score™ is 93/100 with 6 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 ECOVE Environment (ROCO:6803), the current ROC (Joel Greenblatt) % is 32.36% 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 ECOVE Environment (ROCO:6803) Overvalued in 2026?
Based on GuruFocus' analysis, ECOVE Environment stock appears to be undervalued.
The current stock price of NT$270.50 is trading 24.1% below its estimated GF Value™ of NT$356.33.
GuruFocus considers ECOVE Environment to be Modestly Undervalued.
Key valuation signals for ROCO:6803:
ROC (Joel Greenblatt) %: 32.36% (22% below median its 10-year median of 41.36)
GF Value™: NT$356.33 vs. price of NT$270.50 (24.1% below fair value)
Industry Position: 181.9% above the Waste Management median (#34 of 244)
No single metric tells the full story. See the ROCO:6803 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ECOVE Environment Corp is a resource management services provider serving public and private entities across Greater China, Southeast Asia, India, and the USA. The Company is mainly engaged in investment, power generation, and waste management. Its services include Energy-from-Waste, Mechatronics, and Waste Management, while its projects include Energy-from-Waste, Photovoltaic Energy, and Hazardous and Special Waste Treatment.
93GF Score
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