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Hsing Ta Cement CoTPE:1109 -0.36%71 ROC (Joel Greenblatt) % is 14.21% as of Dec. 2025, which is 59% below its 10-year median of 34.87. GuruFocus rates TPE:1109 with a GF Score™ of 71/100 and a GF Value™ of NT$13.46 (Fairly Valued). The stock has 4 warning signs investors should review. Among 409 Building Materials companies, Hsing Ta Cement Co ranks better than 72.37% 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. Hsing Ta Cement Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 14.21%.
The historical rank and industry rank for Hsing Ta Cement Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TPE:1109'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.38 Med: 34.87 Max: 66.99
Current: 16.67
During the past 13 years, Hsing Ta Cement Co's highest ROC (Joel Greenblatt) % was 66.99%. The lowest was 5.38%. And the median was 34.87%.
TPE:1109's ROC (Joel Greenblatt) % is ranked better than 72.37% of 409
companies
in the Building Materials industry
Industry Median: 8.57
vs TPE:1109: 16.67
Hsing Ta Cement Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -25.10% per year.
Hsing Ta Cement Co (TPE:1109) 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.
Hsing Ta Cement Co ROC (Joel Greenblatt) % Related Terms
Hsing Ta Cement Co ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Hsing Ta Cement Co'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.
TPE:1109 vs CRH, VMC, MLM: ROC (Joel Greenblatt) % Comparison
For the Building Materials subindustry, Hsing Ta Cement 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.
Hsing Ta Cement Co ROC (Joel Greenblatt) % vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Hsing Ta Cement Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Hsing Ta Cement Co's ROC (Joel Greenblatt) % falls into.
Hsing Ta Cement 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 (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 14.21% mean?
Hsing Ta Cement Co (TPE:1109) has a ROC (Joel Greenblatt) % of 14.21% 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 Hsing Ta Cement Co and its competitors. This is 59% below median its historical median of 34.87. Over the past decade, Hsing Ta Cement Co's ROC (Joel Greenblatt) % has ranged from 5.38 to 66.99. According to the industry distribution chart, Hsing Ta Cement Co ranks #113 out of 409 companies in the Building Materials industry, placing it in the top 27.6%.
Is Hsing Ta Cement Co's ROC (Joel Greenblatt) % too high?
Hsing Ta Cement Co's current ROC (Joel Greenblatt) % of 14.21% is 59% below median its 10-year median of 34.87. Over the past 10 years, this metric has ranged from a low of 5.38 to a high of 66.99. The Building Materials industry median ROC (Joel Greenblatt) % is 8.57. Hsing Ta Cement Co's value of 14.21% is 65.8% above this industry median. Based on the distribution chart, Hsing Ta Cement Co ranks #113 out of 409 companies in the Building Materials industry, which is above the industry midpoint. Overall, Hsing Ta Cement Co has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hsing Ta Cement Co's ROC (Joel Greenblatt) % compare to CRH and VMC?
According to the Building Materials industry distribution chart, Hsing Ta Cement Co ranks #113 out of 409 companies for ROC (Joel Greenblatt) %. This puts Hsing Ta Cement Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 8.57. Hsing Ta Cement Co's value of 14.21% is 65.8% above this benchmark. Historically, Hsing Ta Cement Co's own ROC (Joel Greenblatt) % has ranged from 5.38 to 66.99 over the past decade. While the company's 10-year median is 34.87 vs. the industry median of 8.57, Hsing Ta Cement Co 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 Building Materials company?
The median ROC (Joel Greenblatt) % among Building Materials companies is 8.57, based on 409 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. Hsing Ta Cement Co's current ROC (Joel Greenblatt) % of 14.21% is 65.8% 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 Hsing Ta Cement Co and its competitors. For the Building Materials industry, the median ROC (Joel Greenblatt) % is 8.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hsing Ta Cement Co's current ROC (Joel Greenblatt) % is 14.21%, which is 59% below median its own 10-year median of 34.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hsing Ta Cement Co stock overvalued right now?
Based on GuruFocus' analysis, Hsing Ta Cement Co (TPE:1109) is currently considered Fairly Valued. The stock's GF Value™ is NT$13.46, compared to a current price of NT$13.80 — trading 2.5% above its estimated fair value. The current ROC (Joel Greenblatt) % is 14.21%, which is 59% below median its 10-year median of 34.87 and 65.8% above the Building Materials industry median of 8.57. Hsing Ta Cement Co's overall GF Score™ is 71/100 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 Hsing Ta Cement Co (TPE:1109), the current ROC (Joel Greenblatt) % is 14.21% 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 Hsing Ta Cement Co (TPE:1109) Overvalued in 2026?
Based on GuruFocus' analysis, Hsing Ta Cement Co stock appears to be overvalued.
The current stock price of NT$13.80 is trading 2.5% above its estimated GF Value™ of NT$13.46.
GuruFocus considers Hsing Ta Cement Co to be Fairly Valued.
Key valuation signals for TPE:1109:
ROC (Joel Greenblatt) %: 14.21% (59% below median its 10-year median of 34.87)
GF Value™: NT$13.46 vs. price of NT$13.80 (2.5% above fair value)
Industry Position: 65.8% above the Building Materials median (#113 of 409)
No single metric tells the full story. See the TPE:1109 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hsing Ta Cement Co Ltd is engaged in quarrying, processing, warehousing, and distribution of minerals, manufacturing, processing, warehousing, and distribution of limestone chemicals, cement products and limestone related industry, treatment of general waste, sales and leasing of real estate, consultancy of building management, etc. It offers products such as Bootland Cement Type I Cement, Botland Type I Low Alkali Cement, Jinghao dry-mixed cement sand type III, and Others. The Company mainly operates businesses in Taiwan and China. It generates the majority of its revenue from China.
71GF Score
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