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Comba Telecom Systems HoldingsSGX:STC 47 ROC (Joel Greenblatt) % is 6.36% as of Dec. 2025, which is 46% above its 10-year median of 4.35. GuruFocus rates SGX:STC with a GF Score™ of 47/100 and a GF Value™ of S$0.23. The stock has 3 warning signs investors should review. Among 2,490 Hardware companies, Comba Telecom Systems Holdings ranks better than 54.98% 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. Comba Telecom Systems Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 6.36%.
The historical rank and industry rank for Comba Telecom Systems Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
SGX:STC'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -33.21 Med: 4.35 Max: 15.11
Current: 12.82
During the past 13 years, Comba Telecom Systems Holdings's highest ROC (Joel Greenblatt) % was 15.11%. The lowest was -33.21%. And the median was 4.35%.
SGX:STC's ROC (Joel Greenblatt) % is ranked better than 54.98% of 2490
companies
in the Hardware industry
Industry Median: 10.51
vs SGX:STC: 12.82
Comba Telecom Systems Holdings (SGX:STC) 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.
* 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.
Comba Telecom Systems Holdings ROC (Joel Greenblatt) % Chart
SGX:STC vs CSCO, MSI, HPE: ROC (Joel Greenblatt) % Comparison
For the Communication Equipment subindustry, Comba Telecom Systems Holdings'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.
Comba Telecom Systems Holdings ROC (Joel Greenblatt) % vs Hardware Industry
For the Hardware industry and Technology sector, Comba Telecom Systems Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Comba Telecom Systems Holdings's ROC (Joel Greenblatt) % falls into.
Comba Telecom Systems Holdings 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 two times the semi-annual (Dec. 2025) 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 6.36% mean?
Comba Telecom Systems Holdings (SGX:STC) has a ROC (Joel Greenblatt) % of 6.36% as of Dec. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Comba Telecom Systems Holdings and its competitors. This is 46% above median its historical median of 4.35. According to the industry distribution chart, Comba Telecom Systems Holdings ranks #1121 out of 2490 companies in the Hardware industry, placing it in the top 45%.
Is Comba Telecom Systems Holdings' ROC (Joel Greenblatt) % too high?
Comba Telecom Systems Holdings' current ROC (Joel Greenblatt) % of 6.36% is 46% above median its 10-year median of 4.35. The Hardware industry median ROC (Joel Greenblatt) % is 10.51. Comba Telecom Systems Holdings' value of 6.36% is 39.5% below this industry median. Based on the distribution chart, Comba Telecom Systems Holdings ranks #1121 out of 2490 companies in the Hardware industry, which is above the industry midpoint. Overall, Comba Telecom Systems Holdings has a GF Score™ of 47/100, reflecting its overall financial health beyond just this single metric.
How does Comba Telecom Systems Holdings' ROC (Joel Greenblatt) % compare to CSCO and MSI?
According to the Hardware industry distribution chart, Comba Telecom Systems Holdings ranks #1121 out of 2490 companies for ROC (Joel Greenblatt) %. This puts Comba Telecom Systems Holdings in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 10.51. Comba Telecom Systems Holdings' value of 6.36% is 39.5% below this benchmark. While the company's 10-year median is 4.35 vs. the industry median of 10.51, Comba Telecom Systems Holdings 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. Comba Telecom Systems Holdings's current ROC (Joel Greenblatt) % of 6.36% is 39.5% 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 Comba Telecom Systems Holdings 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. Comba Telecom Systems Holdings's current ROC (Joel Greenblatt) % is 6.36%, which is 46% above median its own 10-year median of 4.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Comba Telecom Systems Holdings stock overvalued right now?
Comba Telecom Systems Holdings (SGX:STC) has a current ROC (Joel Greenblatt) % of 6.36%. The stock's GF Value™ is S$0.23, compared to a current price of S$0.22 — trading 4.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is 6.36%, which is 46% above median its 10-year median of 4.35 and 39.5% below the Hardware industry median of 10.51. Comba Telecom Systems Holdings' overall GF Score™ is 47/100 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 Comba Telecom Systems Holdings (SGX:STC), the current ROC (Joel Greenblatt) % is 6.36% as of Dec. 2025. 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 Comba Telecom Systems Holdings (SGX:STC) Overvalued in 2026?
Based on GuruFocus' analysis, Comba Telecom Systems Holdings stock appears to be undervalued.
The current stock price of S$0.22 is trading 4.3% below its estimated GF Value™ of S$0.23.
Key valuation signals for SGX:STC:
ROC (Joel Greenblatt) %: 6.36% (46% above median its 10-year median of 4.35)
GF Value™: S$0.23 vs. price of S$0.22 (4.3% below fair value)
Industry Position: 39.5% below the Hardware median (#1121 of 2490)
No single metric tells the full story. See the SGX:STC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Comba Telecom Systems Holdings Ltd is an investment holding company. It operates in two segments: Wireless telecommunications network system equipment & services, and Operator telecommunication services. Its solutions include Antenna Site, In-Vehicle Broadband, Indoor Coverage Enhancement, Large Venue Coverage, LTE Upgrade, Railway/Tunnel Coverage, Wireless Backhaul, and Small Cell. It serves various industries such as airports, Education, Government and Public, Hospitality, stadiums, Transportation, and others. The company generates maximum revenue from the Wireless telecommunications network system equipment & services segment. Its geographical segments are Mainland China, Other countries/areas in the Asia Pacific, Americas, European Union, Middle East, and Other countries.
47GF Score
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