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Ibase TechnologyROCO:8050 +1.72%69 ROC (Joel Greenblatt) % is 9.88% as of Mar. 2026, which is 23% below its 10-year median of 12.87. GuruFocus rates ROCO:8050 with a GF Score™ of 69/100 and a GF Value™ of NT$58.95 (Fairly Valued). The stock has 11 warning signs investors should review. Among 2,490 Hardware companies, Ibase Technology ranks worse than 67.55% 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. Ibase Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 9.88%.
The historical rank and industry rank for Ibase Technology's ROC (Joel Greenblatt) % or its related term are showing as below:
ROCO:8050'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.61 Med: 12.87 Max: 45.06
Current: 1.61
During the past 13 years, Ibase Technology's highest ROC (Joel Greenblatt) % was 45.06%. The lowest was 1.61%. And the median was 12.87%.
ROCO:8050's ROC (Joel Greenblatt) % is ranked worse than 67.55% of 2490
companies
in the Hardware industry
Industry Median: 10.51
vs ROCO:8050: 1.61
Ibase Technology's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -2.80% 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.
Ibase Technology ROC (Joel Greenblatt) % Related Terms
Ibase Technology ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Ibase 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:8050 vs DELL, ANET, SNDK: ROC (Joel Greenblatt) % Comparison
For the Computer Hardware subindustry, Ibase 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.
Ibase Technology ROC (Joel Greenblatt) % vs Hardware Industry
For the Hardware industry and Technology sector, Ibase Technology's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Ibase 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 (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 9.88% mean?
Ibase Technology (ROCO:8050) has a ROC (Joel Greenblatt) % of 9.88% 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 Ibase Technology and its competitors. This is 23% below median its historical median of 12.87. Over the past decade, Ibase Technology's ROC (Joel Greenblatt) % has ranged from 1.61 to 45.06. According to the industry distribution chart, Ibase Technology ranks #1682 out of 2490 companies in the Hardware industry, placing it in the top 67.6%.
Is Ibase Technology's ROC (Joel Greenblatt) % too high?
Ibase Technology's current ROC (Joel Greenblatt) % of 9.88% is 23% below median its 10-year median of 12.87. Over the past 10 years, this metric has ranged from a low of 1.61 to a high of 45.06. The Hardware industry median ROC (Joel Greenblatt) % is 10.51. Ibase Technology's value of 9.88% is 6% below this industry median. Based on the distribution chart, Ibase Technology ranks #1682 out of 2490 companies in the Hardware industry, which is below the industry midpoint. Overall, Ibase Technology has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ibase Technology's ROC (Joel Greenblatt) % compare to DELL and ANET?
According to the Hardware industry distribution chart, Ibase Technology ranks #1682 out of 2490 companies for ROC (Joel Greenblatt) %. This places Ibase Technology in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 10.51. Ibase Technology's value of 9.88% is 6% below this benchmark. Historically, Ibase Technology's own ROC (Joel Greenblatt) % has ranged from 1.61 to 45.06 over the past decade. While the company's 10-year median is 12.87 vs. the industry median of 10.51, Ibase Technology has consistently been below 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 10.51, based on 2,490 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. Ibase Technology's current ROC (Joel Greenblatt) % of 9.88% is 6% below 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 Ibase Technology and its competitors. For the Hardware industry, the median ROC (Joel Greenblatt) % is 10.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ibase Technology's current ROC (Joel Greenblatt) % is 9.88%, which is 23% below median its own 10-year median of 12.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ibase Technology stock overvalued right now?
Based on GuruFocus' analysis, Ibase Technology (ROCO:8050) is currently considered Fairly Valued. The stock's GF Value™ is NT$58.95, compared to a current price of NT$59.00 — trading 0.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 9.88%, which is 23% below median its 10-year median of 12.87 and 6% below the Hardware industry median of 10.51. Ibase Technology's overall GF Score™ is 69/100 with 11 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 Ibase Technology (ROCO:8050), the current ROC (Joel Greenblatt) % is 9.88% 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 Ibase Technology (ROCO:8050) Overvalued in 2026?
Based on GuruFocus' analysis, Ibase Technology stock appears to be overvalued.
The current stock price of NT$59.00 is trading 0.1% above its estimated GF Value™ of NT$58.95.
GuruFocus considers Ibase Technology to be Fairly Valued.
Key valuation signals for ROCO:8050:
ROC (Joel Greenblatt) %: 9.88% (23% below median its 10-year median of 12.87)
GF Value™: NT$58.95 vs. price of NT$59.00 (0.1% above fair value)
Industry Position: 6% below the Hardware median (#1682 of 2490)
No single metric tells the full story. See the ROCO:8050 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ibase Technology Inc is a Taiwan-based company principally engaged in the manufacture and distribution of computer devices. It offers single-board computers, industrial motherboards, embedded systems, and panel PCs in the Industrial PC market. The company has two manufacturing sites, one in Sanchung and another one in Xinzhuang, New Taipei City, Taiwan. All the business activity is functioned through Taiwan and its products are distributed in Taiwan and to an international market.
69GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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