Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Guangdong Leadyo IC Testing CoSHSE:688135 -1.01%86 ROC (Joel Greenblatt) % is 2.32% as of Mar. 2026, which is 77% below its 10-year median of 10.08. GuruFocus rates SHSE:688135 with a GF Score™ of 86/100 and a GF Value™ of ¥37.35 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 1,033 Semiconductors companies, Guangdong Leadyo IC Testing Co ranks worse than 65.15% 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. Guangdong Leadyo IC Testing Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 2.32%.
The historical rank and industry rank for Guangdong Leadyo IC Testing Co's ROC (Joel Greenblatt) % or its related term are showing as below:
SHSE:688135'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1.37 Med: 10.08 Max: 21.54
Current: 2.09
During the past 13 years, Guangdong Leadyo IC Testing Co's highest ROC (Joel Greenblatt) % was 21.54%. The lowest was -1.37%. And the median was 10.08%.
SHSE:688135's ROC (Joel Greenblatt) % is ranked worse than 65.15% of 1033
companies
in the Semiconductors industry
Industry Median: 11.63
vs SHSE:688135: 2.09
Guangdong Leadyo IC Testing Co (SHSE:688135) 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.
Guangdong Leadyo IC Testing Co ROC (Joel Greenblatt) % Chart
SHSE:688135 vs NVDA, AVGO, MU: ROC (Joel Greenblatt) % Comparison
For the Semiconductors subindustry, Guangdong Leadyo IC Testing 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.
Guangdong Leadyo IC Testing Co ROC (Joel Greenblatt) % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Guangdong Leadyo IC Testing Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Guangdong Leadyo IC Testing Co's ROC (Joel Greenblatt) % falls into.
Guangdong Leadyo IC Testing 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 2.32% mean?
Guangdong Leadyo IC Testing Co (SHSE:688135) has a ROC (Joel Greenblatt) % of 2.32% 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 Guangdong Leadyo IC Testing Co and its competitors. This is 77% below median its historical median of 10.08. According to the industry distribution chart, Guangdong Leadyo IC Testing Co ranks #673 out of 1033 companies in the Semiconductors industry, placing it in the top 65.2%.
Is Guangdong Leadyo IC Testing Co's ROC (Joel Greenblatt) % too high?
Guangdong Leadyo IC Testing Co's current ROC (Joel Greenblatt) % of 2.32% is 77% below median its 10-year median of 10.08. The Semiconductors industry median ROC (Joel Greenblatt) % is 11.63. Guangdong Leadyo IC Testing Co's value of 2.32% is 80.1% below this industry median. Based on the distribution chart, Guangdong Leadyo IC Testing Co ranks #673 out of 1033 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Guangdong Leadyo IC Testing Co has a GF Score™ of 86/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Guangdong Leadyo IC Testing Co's ROC (Joel Greenblatt) % compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Guangdong Leadyo IC Testing Co ranks #673 out of 1033 companies for ROC (Joel Greenblatt) %. This places Guangdong Leadyo IC Testing Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 11.63. Guangdong Leadyo IC Testing Co's value of 2.32% is 80.1% below this benchmark. While the company's 10-year median is 10.08 vs. the industry median of 11.63, Guangdong Leadyo IC Testing Co 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 Semiconductors company?
The median ROC (Joel Greenblatt) % among Semiconductors companies is 11.63, 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. Guangdong Leadyo IC Testing Co's current ROC (Joel Greenblatt) % of 2.32% is 80.1% 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 Guangdong Leadyo IC Testing Co and its competitors. For the Semiconductors industry, the median ROC (Joel Greenblatt) % is 11.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Guangdong Leadyo IC Testing Co's current ROC (Joel Greenblatt) % is 2.32%, which is 77% below median its own 10-year median of 10.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Guangdong Leadyo IC Testing Co stock overvalued right now?
Based on GuruFocus' analysis, Guangdong Leadyo IC Testing Co (SHSE:688135) is currently considered Significantly Undervalued. The stock's GF Value™ is ¥37.35, compared to a current price of ¥25.44 — trading 31.9% below its estimated fair value. The current ROC (Joel Greenblatt) % is 2.32%, which is 77% below median its 10-year median of 10.08 and 80.1% below the Semiconductors industry median of 11.63. Guangdong Leadyo IC Testing Co'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 Guangdong Leadyo IC Testing Co (SHSE:688135), the current ROC (Joel Greenblatt) % is 2.32% 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 Guangdong Leadyo IC Testing Co (SHSE:688135) Overvalued in 2026?
Based on GuruFocus' analysis, Guangdong Leadyo IC Testing Co stock appears to be undervalued.
The current stock price of ¥25.44 is trading 31.9% below its estimated GF Value™ of ¥37.35.
GuruFocus considers Guangdong Leadyo IC Testing Co to be Significantly Undervalued.
Key valuation signals for SHSE:688135:
ROC (Joel Greenblatt) %: 2.32% (77% below median its 10-year median of 10.08)
GF Value™: ¥37.35 vs. price of ¥25.44 (31.9% below fair value)
Industry Position: 80.1% below the Semiconductors median (#673 of 1033)
No single metric tells the full story. See the SHSE:688135 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Guangdong Leadyo IC Testing Co Ltd is engaged in integrated circuit testing program development, 12-inch and 8-inch wafer testing services, finished chip testing services, and supporting services related to integrated circuit testing. It specializes in the semiconductor back-end processing step including the manufacture of integrated circuits of wafer testing, wafer thinning, wafer cutting, product testing and IC taping one-stop service, IC testing and provide software development, chip testing analysis, Load Board MPW production and engineering validation and Probe Card batch production, and other related services.
86GF Score
Get the complete analysis for SHSE:688135
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SHSE:688135 has been successfully added to your 
