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GigaDevice SemiconductorSHSE:603986 -2.95%86 ROC (Joel Greenblatt) % is 701.54% as of Jun. 2026, which is 732% above its 10-year median of 84.33. GuruFocus rates SHSE:603986 with a GF Score™ of 86/100 and a GF Value™ of ¥292.87 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,033 Semiconductors companies, GigaDevice Semiconductor ranks better than 97.68% 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. GigaDevice Semiconductor's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 701.54%.
The historical rank and industry rank for GigaDevice Semiconductor's ROC (Joel Greenblatt) % or its related term are showing as below:
SHSE:603986'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.92 Med: 84.33 Max: 262.66
Current: 262.66
During the past 13 years, GigaDevice Semiconductor's highest ROC (Joel Greenblatt) % was 262.66%. The lowest was 4.92%. And the median was 84.33%.
SHSE:603986's ROC (Joel Greenblatt) % is ranked better than 97.68% of 1033
companies
in the Semiconductors industry
Industry Median: 12.51
vs SHSE:603986: 262.66
GigaDevice Semiconductor's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -28.60% 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.
GigaDevice Semiconductor ROC (Joel Greenblatt) % Related Terms
GigaDevice Semiconductor ROC (Joel Greenblatt) % Historical Data
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The historical data trend for GigaDevice Semiconductor'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.
SHSE:603986 vs NVDA, AVGO, MU: ROC (Joel Greenblatt) % Comparison
For the Semiconductors subindustry, GigaDevice Semiconductor'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.
GigaDevice Semiconductor ROC (Joel Greenblatt) % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, GigaDevice Semiconductor's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where GigaDevice Semiconductor'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 (Jun. 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 701.54% mean?
GigaDevice Semiconductor (SHSE:603986) has a ROC (Joel Greenblatt) % of 701.54% as of Jun. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on GigaDevice Semiconductor and its competitors. This is 732% above median its historical median of 84.33. Over the past decade, GigaDevice Semiconductor's ROC (Joel Greenblatt) % has ranged from 4.92 to 262.66. According to the industry distribution chart, GigaDevice Semiconductor ranks #24 out of 1033 companies in the Semiconductors industry, placing it in the top 2.3%.
Is GigaDevice Semiconductor's ROC (Joel Greenblatt) % too high?
GigaDevice Semiconductor's current ROC (Joel Greenblatt) % of 701.54% is 732% above median its 10-year median of 84.33. Over the past 10 years, this metric has ranged from a low of 4.92 to a high of 262.66. The Semiconductors industry median ROC (Joel Greenblatt) % is 12.51. GigaDevice Semiconductor's value of 701.54% is 5507.8% above this industry median. Based on the distribution chart, GigaDevice Semiconductor ranks #24 out of 1033 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, GigaDevice Semiconductor has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does GigaDevice Semiconductor's ROC (Joel Greenblatt) % compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, GigaDevice Semiconductor ranks #24 out of 1033 companies for ROC (Joel Greenblatt) %. This places GigaDevice Semiconductor in the top 2% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 12.51. GigaDevice Semiconductor's value of 701.54% is 5507.8% above this benchmark. Historically, GigaDevice Semiconductor's own ROC (Joel Greenblatt) % has ranged from 4.92 to 262.66 over the past decade. While the company's 10-year median is 84.33 vs. the industry median of 12.51, GigaDevice Semiconductor 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 12.51, based on 1,033 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. GigaDevice Semiconductor's current ROC (Joel Greenblatt) % of 701.54% is 5507.8% 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 GigaDevice Semiconductor and its competitors. For the Semiconductors industry, the median ROC (Joel Greenblatt) % is 12.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GigaDevice Semiconductor's current ROC (Joel Greenblatt) % is 701.54%, which is 732% above median its own 10-year median of 84.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GigaDevice Semiconductor stock overvalued right now?
Based on GuruFocus' analysis, GigaDevice Semiconductor (SHSE:603986) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥292.87, compared to a current price of ¥371.88 — trading 27% above its estimated fair value. The current ROC (Joel Greenblatt) % is 701.54%, which is 732% above median its 10-year median of 84.33 and 5507.8% above the Semiconductors industry median of 12.51. GigaDevice Semiconductor's overall GF Score™ is 86/100 with 5 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 GigaDevice Semiconductor (SHSE:603986), the current ROC (Joel Greenblatt) % is 701.54% as of Jun. 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 GigaDevice Semiconductor (SHSE:603986) Overvalued in 2026?
Based on GuruFocus' analysis, GigaDevice Semiconductor stock appears to be overvalued.
The current stock price of ¥371.88 is trading 27% above its estimated GF Value™ of ¥292.87.
GuruFocus considers GigaDevice Semiconductor to be Modestly Overvalued.
Key valuation signals for SHSE:603986:
ROC (Joel Greenblatt) %: 701.54% (732% above median its 10-year median of 84.33)
GF Value™: ¥292.87 vs. price of ¥371.88 (27% above fair value)
Industry Position: 5507.8% above the Semiconductors median (#24 of 1033)
No single metric tells the full story. See the SHSE:603986 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
GigaDevice Semiconductor Inc is engaged in the domestic storage and Internet of Things (IoT) chip industry. Its product portfolio comprises of flash memories and microcontrollers. Some of its products are SPI NOR flash, SPI NAND flash, and ARM Cortex-M3, among others. The products are for use in embedded, consumer, and mobile communications applications.
86GF Score
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