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TSH BiopharmROCO:8432 +0.60%89 ROC (Joel Greenblatt) % is 88.29% as of Mar. 2026, which is 25% above its 10-year median of 70.59. GuruFocus rates ROCO:8432 with a GF Score™ of 89/100 and a GF Value™ of NT$74.98 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 982 Drug Manufacturers companies, TSH Biopharm ranks better than 93.28% 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. TSH Biopharm's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 88.29%.
The historical rank and industry rank for TSH Biopharm's ROC (Joel Greenblatt) % or its related term are showing as below:
ROCO:8432'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 35.87 Med: 70.59 Max: 140.87
Current: 99.32
During the past 13 years, TSH Biopharm's highest ROC (Joel Greenblatt) % was 140.87%. The lowest was 35.87%. And the median was 70.59%.
ROCO:8432's ROC (Joel Greenblatt) % is ranked better than 93.28% of 982
companies
in the Drug Manufacturers industry
Industry Median: 11.28
vs ROCO:8432: 99.32
TSH Biopharm's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 4.70% 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.
TSH Biopharm ROC (Joel Greenblatt) % Related Terms
TSH Biopharm ROC (Joel Greenblatt) % Historical Data
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The historical data trend for TSH Biopharm'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:8432 vs ZTS: ROC (Joel Greenblatt) % Comparison
For the Drug Manufacturers - Specialty & Generic subindustry, TSH Biopharm'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.
TSH Biopharm ROC (Joel Greenblatt) % vs Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, TSH Biopharm's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where TSH Biopharm'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 88.29% mean?
TSH Biopharm (ROCO:8432) has a ROC (Joel Greenblatt) % of 88.29% 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 TSH Biopharm and its competitors. This is 25% above median its historical median of 70.59. Over the past decade, TSH Biopharm's ROC (Joel Greenblatt) % has ranged from 35.87 to 140.87. According to the industry distribution chart, TSH Biopharm ranks #66 out of 982 companies in the Drug Manufacturers industry, placing it in the top 6.7%.
Is TSH Biopharm's ROC (Joel Greenblatt) % too high?
TSH Biopharm's current ROC (Joel Greenblatt) % of 88.29% is 25% above median its 10-year median of 70.59. Over the past 10 years, this metric has ranged from a low of 35.87 to a high of 140.87. The Drug Manufacturers industry median ROC (Joel Greenblatt) % is 11.28. TSH Biopharm's value of 88.29% is 682.7% above this industry median. Based on the distribution chart, TSH Biopharm ranks #66 out of 982 companies in the Drug Manufacturers industry, which is in the top quartile — a strong position relative to peers. Overall, TSH Biopharm has a GF Score™ of 89/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TSH Biopharm's ROC (Joel Greenblatt) % compare to ZTS?
According to the Drug Manufacturers industry distribution chart, TSH Biopharm ranks #66 out of 982 companies for ROC (Joel Greenblatt) %. This places TSH Biopharm in the top 7% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.28. TSH Biopharm's value of 88.29% is 682.7% above this benchmark. Historically, TSH Biopharm's own ROC (Joel Greenblatt) % has ranged from 35.87 to 140.87 over the past decade. While the company's 10-year median is 70.59 vs. the industry median of 11.28, TSH Biopharm 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 Drug Manufacturers company?
The median ROC (Joel Greenblatt) % among Drug Manufacturers companies is 11.28, based on 982 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. TSH Biopharm's current ROC (Joel Greenblatt) % of 88.29% is 682.7% 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 TSH Biopharm and its competitors. For the Drug Manufacturers industry, the median ROC (Joel Greenblatt) % is 11.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TSH Biopharm's current ROC (Joel Greenblatt) % is 88.29%, which is 25% above median its own 10-year median of 70.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TSH Biopharm stock overvalued right now?
Based on GuruFocus' analysis, TSH Biopharm (ROCO:8432) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$74.98, compared to a current price of NT$50.70 — trading 32.4% below its estimated fair value. The current ROC (Joel Greenblatt) % is 88.29%, which is 25% above median its 10-year median of 70.59 and 682.7% above the Drug Manufacturers industry median of 11.28. TSH Biopharm's overall GF Score™ is 89/100 with 2 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 TSH Biopharm (ROCO:8432), the current ROC (Joel Greenblatt) % is 88.29% 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 TSH Biopharm (ROCO:8432) Overvalued in 2026?
Based on GuruFocus' analysis, TSH Biopharm stock appears to be undervalued.
The current stock price of NT$50.70 is trading 32.4% below its estimated GF Value™ of NT$74.98.
GuruFocus considers TSH Biopharm to be Significantly Undervalued.
Key valuation signals for ROCO:8432:
ROC (Joel Greenblatt) %: 88.29% (25% above median its 10-year median of 70.59)
GF Value™: NT$74.98 vs. price of NT$50.70 (32.4% below fair value)
Industry Position: 682.7% above the Drug Manufacturers median (#66 of 982)
No single metric tells the full story. See the ROCO:8432 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TSH Biopharm Corp Ltd is engaged in sale of a variety of pharmaceuticals, chemical drugs and engaged in biotechnology services. The company specializes in the development, manufacture, and marketing of branded drugs for chronic diseases. Key therapeutic areas include cardiovascular, central nervous system, gastroenterology, and severe chronic diseases, alongside precision medicine/genetic testing services .The Company's revenue is earned domestically. It earns majority of its revenue from the sale of Lozenges.
89GF Score
Get the complete analysis for ROCO:8432
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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