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Ten Pao Group HoldingsTNPOF 79 ROC (Joel Greenblatt) % is 15.75% as of Dec. 2025, which is 47% below its 10-year median of 29.92. GuruFocus rates TNPOF with a GF Score™ of 79/100 and a GF Value™ of $0.11. The stock has 4 warning signs investors should review. Among 3,062 Industrial Products companies, Ten Pao Group Holdings ranks better than 65.55% 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. Ten Pao Group Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 15.75%.
The historical rank and industry rank for Ten Pao Group Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
TNPOF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 12.91 Med: 29.92 Max: 69.46
Current: 20.14
During the past 12 years, Ten Pao Group Holdings's highest ROC (Joel Greenblatt) % was 69.46%. The lowest was 12.91%. And the median was 29.92%.
TNPOF's ROC (Joel Greenblatt) % is ranked better than 65.55% of 3062
companies
in the Industrial Products industry
Industry Median: 11.585
vs TNPOF: 20.14
Ten Pao Group Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -16.70% per year.
Ten Pao Group Holdings (OTCPK:TNPOF) 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.
Ten Pao Group Holdings ROC (Joel Greenblatt) % Related Terms
Ten Pao Group Holdings ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Ten Pao Group Holdings'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.
Ten Pao Group Holdings ROC (Joel Greenblatt) % Chart
TNPOF vs VRT, BE: ROC (Joel Greenblatt) % Comparison
For the Electrical Equipment & Parts subindustry, Ten Pao Group 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.
Ten Pao Group Holdings ROC (Joel Greenblatt) % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Ten Pao Group Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Ten Pao Group Holdings's ROC (Joel Greenblatt) % falls into.
Ten Pao Group 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 15.75% mean?
Ten Pao Group Holdings (TNPOF) has a ROC (Joel Greenblatt) % of 15.75% 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 Ten Pao Group Holdings and its competitors. This is 47% below median its historical median of 29.92. Over the past decade, Ten Pao Group Holdings' ROC (Joel Greenblatt) % has ranged from 12.91 to 69.46. According to the industry distribution chart, Ten Pao Group Holdings ranks #1055 out of 3062 companies in the Industrial Products industry, placing it in the top 34.5%.
Is Ten Pao Group Holdings' ROC (Joel Greenblatt) % too high?
Ten Pao Group Holdings' current ROC (Joel Greenblatt) % of 15.75% is 47% below median its 10-year median of 29.92. Over the past 10 years, this metric has ranged from a low of 12.91 to a high of 69.46. The Industrial Products industry median ROC (Joel Greenblatt) % is 11.59. Ten Pao Group Holdings' value of 15.75% is 36% above this industry median. Based on the distribution chart, Ten Pao Group Holdings ranks #1055 out of 3062 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Ten Pao Group Holdings has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does Ten Pao Group Holdings' ROC (Joel Greenblatt) % compare to VRT and BE?
According to the Industrial Products industry distribution chart, Ten Pao Group Holdings ranks #1055 out of 3062 companies for ROC (Joel Greenblatt) %. This puts Ten Pao Group Holdings in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.59. Ten Pao Group Holdings' value of 15.75% is 36% above this benchmark. Historically, Ten Pao Group Holdings' own ROC (Joel Greenblatt) % has ranged from 12.91 to 69.46 over the past decade. While the company's 10-year median is 29.92 vs. the industry median of 11.59, Ten Pao Group Holdings 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 an Industrial Products company?
The median ROC (Joel Greenblatt) % among Industrial Products companies is 11.59, based on 3,062 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. Ten Pao Group Holdings's current ROC (Joel Greenblatt) % of 15.75% is 36% 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 Ten Pao Group Holdings and its competitors. For the Industrial Products industry, the median ROC (Joel Greenblatt) % is 11.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ten Pao Group Holdings's current ROC (Joel Greenblatt) % is 15.75%, which is 47% below median its own 10-year median of 29.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ten Pao Group Holdings stock overvalued right now?
Ten Pao Group Holdings (TNPOF) has a current ROC (Joel Greenblatt) % of 15.75%. The stock's GF Value™ is $0.11, compared to a current price of $0.11 — trading 1.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is 15.75%, which is 47% below median its 10-year median of 29.92 and 36% above the Industrial Products industry median of 11.59. Ten Pao Group Holdings' overall GF Score™ is 79/100 with 4 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 Ten Pao Group Holdings (TNPOF), the current ROC (Joel Greenblatt) % is 15.75% 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 Ten Pao Group Holdings (TNPOF) Overvalued in 2026?
Based on GuruFocus' analysis, Ten Pao Group Holdings stock appears to be overvalued.
The current stock price of $0.11 is trading 1.8% above its estimated GF Value™ of $0.11.
Key valuation signals for TNPOF:
ROC (Joel Greenblatt) %: 15.75% (47% below median its 10-year median of 29.92)
GF Value™: $0.11 vs. price of $0.11 (1.8% above fair value)
Industry Position: 36% above the Industrial Products median (#1055 of 3062)
No single metric tells the full story. See the TNPOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ten Pao Group Holdings Ltd is an investment holding company. It is engaged in the sales and manufacturing of switching power supply units for consumer products and smart chargers and controllers for industrial use. The operating segments of the company are Telecommunication, Media and Entertainment, Lighting, Smart chargers and controllers, New Energy Business, and others. Some of its products are USB chargers, wireless chargers, adapters, open-frame power supplies, LED drivers, smart chargers and controllers, and power savers. Geographically, the group has a business presence in the PRC (excluding Hong Kong), Europe, Asia, the U.S., Africa, and Other regions, of which prime revenue is derived from the PRC (excluding Hong Kong).
79GF Score
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