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Progate GroupROCO:8227 -0.94%80 ROC (Joel Greenblatt) % is 98.11% as of Mar. 2026, which is 186% above its 10-year median of 34.32. GuruFocus rates ROCO:8227 with a GF Score™ of 80/100 and a GF Value™ of NT$298.88 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,029 Semiconductors companies, Progate Group ranks better than 93.39% 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. Progate Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 98.11%.
The historical rank and industry rank for Progate Group's ROC (Joel Greenblatt) % or its related term are showing as below:
ROCO:8227'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -20.78 Med: 34.32 Max: 130.61
Current: 103.42
During the past 12 years, Progate Group's highest ROC (Joel Greenblatt) % was 130.61%. The lowest was -20.78%. And the median was 34.32%.
ROCO:8227's ROC (Joel Greenblatt) % is ranked better than 93.39% of 1029
companies
in the Semiconductors industry
Industry Median: 8.65
vs ROCO:8227: 103.42
Progate Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Progate Group (ROCO:8227) 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.
Progate Group ROC (Joel Greenblatt) % Related Terms
Progate Group ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Progate Group'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:8227 vs NVDA, AVGO, MU: ROC (Joel Greenblatt) % Comparison
For the Semiconductors subindustry, Progate Group'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.
Progate Group ROC (Joel Greenblatt) % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Progate Group's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Progate Group'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 98.11% mean?
Progate Group (ROCO:8227) has a ROC (Joel Greenblatt) % of 98.11% 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 Progate Group and its competitors. This is 186% above median its historical median of 34.32. According to the industry distribution chart, Progate Group ranks #68 out of 1029 companies in the Semiconductors industry, placing it in the top 6.6%.
Is Progate Group's ROC (Joel Greenblatt) % too high?
Progate Group's current ROC (Joel Greenblatt) % of 98.11% is 186% above median its 10-year median of 34.32. The Semiconductors industry median ROC (Joel Greenblatt) % is 8.65. Progate Group's value of 98.11% is 1034.2% above this industry median. Based on the distribution chart, Progate Group ranks #68 out of 1029 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Progate Group has a GF Score™ of 80/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Progate Group's ROC (Joel Greenblatt) % compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Progate Group ranks #68 out of 1029 companies for ROC (Joel Greenblatt) %. This places Progate Group in the top 7% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 8.65. Progate Group's value of 98.11% is 1034.2% above this benchmark. While the company's 10-year median is 34.32 vs. the industry median of 8.65, Progate Group 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 Semiconductors company?
The median ROC (Joel Greenblatt) % among Semiconductors companies is 8.65, based on 1,029 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. Progate Group's current ROC (Joel Greenblatt) % of 98.11% is 1034.2% 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 Progate Group and its competitors. For the Semiconductors industry, the median ROC (Joel Greenblatt) % is 8.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Progate Group's current ROC (Joel Greenblatt) % is 98.11%, which is 186% above median its own 10-year median of 34.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Progate Group stock overvalued right now?
Based on GuruFocus' analysis, Progate Group (ROCO:8227) is currently considered Possible Value Trap. The stock's GF Value™ is NT$298.88, compared to a current price of NT$157.50 — trading 47.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is 98.11%, which is 186% above median its 10-year median of 34.32 and 1034.2% above the Semiconductors industry median of 8.65. Progate Group's overall GF Score™ is 80/100 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 Progate Group (ROCO:8227), the current ROC (Joel Greenblatt) % is 98.11% 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 Progate Group (ROCO:8227) Overvalued in 2026?
Based on GuruFocus' analysis, Progate Group stock appears to be undervalued.
The current stock price of NT$157.50 is trading 47.3% below its estimated GF Value™ of NT$298.88.
GuruFocus considers Progate Group to be Possible Value Trap.
Key valuation signals for ROCO:8227:
ROC (Joel Greenblatt) %: 98.11% (186% above median its 10-year median of 34.32)
GF Value™: NT$298.88 vs. price of NT$157.50 (47.3% below fair value)
Industry Position: 1034.2% above the Semiconductors median (#68 of 1029)
No single metric tells the full story. See the ROCO:8227 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Progate Group Corp is engaged in the development and product design of integrated circuits, the sale and trade of intellectual property, electronic materials, and information software, as well as the wholesale, agency, and import/export trade of related products. Geographically the company operates in Taiwan and China, with majority of the revenue generating from Taiwan.
80GF Score
Get the complete analysis for ROCO:8227
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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