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Ligitek Electronics CoROCO:8111 -5.11%69 ROC (Joel Greenblatt) % is 18.61% as of Mar. 2026, which is 35% above its 10-year median of 13.79. GuruFocus rates ROCO:8111 with a GF Score™ of 69/100 and a GF Value™ of NT$45.80 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 2,492 Hardware companies, Ligitek Electronics Co ranks worse than 51.73% 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. Ligitek Electronics Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 18.61%.
The historical rank and industry rank for Ligitek Electronics Co's ROC (Joel Greenblatt) % or its related term are showing as below:
ROCO:8111'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -2.63 Med: 13.79 Max: 46.38
Current: 9.33
During the past 13 years, Ligitek Electronics Co's highest ROC (Joel Greenblatt) % was 46.38%. The lowest was -2.63%. And the median was 13.79%.
ROCO:8111's ROC (Joel Greenblatt) % is ranked worse than 51.73% of 2492
companies
in the Hardware industry
Industry Median: 10.35
vs ROCO:8111: 9.33
Ligitek Electronics Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -16.40% per year.
Ligitek Electronics Co (ROCO:8111) 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.
Ligitek Electronics Co ROC (Joel Greenblatt) % Related Terms
Ligitek Electronics Co ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Ligitek Electronics 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.
Ligitek Electronics Co ROC (Joel Greenblatt) % Chart
ROCO:8111 vs APH, GLW, TEL: ROC (Joel Greenblatt) % Comparison
For the Electronic Components subindustry, Ligitek Electronics 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.
Ligitek Electronics Co ROC (Joel Greenblatt) % vs Hardware Industry
For the Hardware industry and Technology sector, Ligitek Electronics Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Ligitek Electronics Co's ROC (Joel Greenblatt) % falls into.
Ligitek Electronics 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 18.61% mean?
Ligitek Electronics Co (ROCO:8111) has a ROC (Joel Greenblatt) % of 18.61% 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 Ligitek Electronics Co and its competitors. This is 35% above median its historical median of 13.79. According to the industry distribution chart, Ligitek Electronics Co ranks #1289 out of 2492 companies in the Hardware industry, placing it in the top 51.7%.
Is Ligitek Electronics Co's ROC (Joel Greenblatt) % too high?
Ligitek Electronics Co's current ROC (Joel Greenblatt) % of 18.61% is 35% above median its 10-year median of 13.79. The Hardware industry median ROC (Joel Greenblatt) % is 10.35. Ligitek Electronics Co's value of 18.61% is 79.8% above this industry median. Based on the distribution chart, Ligitek Electronics Co ranks #1289 out of 2492 companies in the Hardware industry, which is below the industry midpoint. Overall, Ligitek Electronics Co has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ligitek Electronics Co's ROC (Joel Greenblatt) % compare to APH and GLW?
According to the Hardware industry distribution chart, Ligitek Electronics Co ranks #1289 out of 2492 companies for ROC (Joel Greenblatt) %. This places Ligitek Electronics Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 10.35. Ligitek Electronics Co's value of 18.61% is 79.8% above this benchmark. While the company's 10-year median is 13.79 vs. the industry median of 10.35, Ligitek Electronics 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 Hardware company?
The median ROC (Joel Greenblatt) % among Hardware companies is 10.35, based on 2,492 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. Ligitek Electronics Co's current ROC (Joel Greenblatt) % of 18.61% is 79.8% 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 Ligitek Electronics Co and its competitors. For the Hardware industry, the median ROC (Joel Greenblatt) % is 10.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ligitek Electronics Co's current ROC (Joel Greenblatt) % is 18.61%, which is 35% above median its own 10-year median of 13.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ligitek Electronics Co stock overvalued right now?
Based on GuruFocus' analysis, Ligitek Electronics Co (ROCO:8111) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$45.80, compared to a current price of NT$59.40 — trading 29.7% above its estimated fair value. The current ROC (Joel Greenblatt) % is 18.61%, which is 35% above median its 10-year median of 13.79 and 79.8% above the Hardware industry median of 10.35. Ligitek Electronics Co's overall GF Score™ is 69/100 with 7 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 Ligitek Electronics Co (ROCO:8111), the current ROC (Joel Greenblatt) % is 18.61% 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 Ligitek Electronics Co (ROCO:8111) Overvalued in 2026?
Based on GuruFocus' analysis, Ligitek Electronics Co stock appears to be overvalued.
The current stock price of NT$59.40 is trading 29.7% above its estimated GF Value™ of NT$45.80.
GuruFocus considers Ligitek Electronics Co to be Modestly Overvalued.
Key valuation signals for ROCO:8111:
ROC (Joel Greenblatt) %: 18.61% (35% above median its 10-year median of 13.79)
GF Value™: NT$45.80 vs. price of NT$59.40 (29.7% above fair value)
Industry Position: 79.8% above the Hardware median (#1289 of 2492)
No single metric tells the full story. See the ROCO:8111 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ligitek Electronics Co Ltd engages in manufacturing, processing and trading of various electronic components like Light Emitting Diodes, monitors, along with import/export trading, agent, distribution, bidding and quotation businesses of the above related products and raw materials. It offers LED components, LED backlights and displays, and light bars, leads, PCBs, and reflectors for SMD; and automotive, invisible, super bright, and special LEDs. The geographical markets of the group are Taiwan, the Americas, Europe, Asia, and Others. The firm generates the majority of its revenue from Taiwan. The company's segment includes the LED First Business Unit, which derives the majority of revenue, the LED Second Business Unit, and the Other Unit.
69GF Score
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