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Lien Hwa Industrial HoldingTPE:1229 -2.00%87 ROC (Joel Greenblatt) % is 100.02% as of Dec. 2025, which is 13% above its 10-year median of 88.50. GuruFocus rates TPE:1229 with a GF Score™ of 87/100 and a GF Value™ of NT$55.85 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 562 Conglomerates companies, Lien Hwa Industrial Holding ranks better than 93.77% 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. Lien Hwa Industrial Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 100.02%.
The historical rank and industry rank for Lien Hwa Industrial Holding's ROC (Joel Greenblatt) % or its related term are showing as below:
TPE:1229'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 64.57 Med: 88.5 Max: 122.77
Current: 122.11
During the past 13 years, Lien Hwa Industrial Holding's highest ROC (Joel Greenblatt) % was 122.77%. The lowest was 64.57%. And the median was 88.50%.
TPE:1229's ROC (Joel Greenblatt) % is ranked better than 93.77% of 562
companies
in the Conglomerates industry
Industry Median: 14.68
vs TPE:1229: 122.11
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.
TPE:1229 vs MMM, HON: ROC (Joel Greenblatt) % Comparison
For the Conglomerates subindustry, Lien Hwa Industrial Holding'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.
Lien Hwa Industrial Holding ROC (Joel Greenblatt) % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Lien Hwa Industrial Holding's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Lien Hwa Industrial Holding'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 (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 100.02% mean?
Lien Hwa Industrial Holding (TPE:1229) has a ROC (Joel Greenblatt) % of 100.02% 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 Lien Hwa Industrial Holding and its competitors. This is 13% above median its historical median of 88.50. Over the past decade, Lien Hwa Industrial Holding's ROC (Joel Greenblatt) % has ranged from 64.57 to 122.77. According to the industry distribution chart, Lien Hwa Industrial Holding ranks #35 out of 562 companies in the Conglomerates industry, placing it in the top 6.2%.
Is Lien Hwa Industrial Holding's ROC (Joel Greenblatt) % too high?
Lien Hwa Industrial Holding's current ROC (Joel Greenblatt) % of 100.02% is 13% above median its 10-year median of 88.50. Over the past 10 years, this metric has ranged from a low of 64.57 to a high of 122.77. The Conglomerates industry median ROC (Joel Greenblatt) % is 14.68. Lien Hwa Industrial Holding's value of 100.02% is 581.3% above this industry median. Based on the distribution chart, Lien Hwa Industrial Holding ranks #35 out of 562 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Lien Hwa Industrial Holding has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Lien Hwa Industrial Holding's ROC (Joel Greenblatt) % compare to MMM and HON?
According to the Conglomerates industry distribution chart, Lien Hwa Industrial Holding ranks #35 out of 562 companies for ROC (Joel Greenblatt) %. This places Lien Hwa Industrial Holding in the top 6% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 14.68. Lien Hwa Industrial Holding's value of 100.02% is 581.3% above this benchmark. Historically, Lien Hwa Industrial Holding's own ROC (Joel Greenblatt) % has ranged from 64.57 to 122.77 over the past decade. While the company's 10-year median is 88.50 vs. the industry median of 14.68, Lien Hwa Industrial Holding 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 Conglomerates company?
The median ROC (Joel Greenblatt) % among Conglomerates companies is 14.68, based on 562 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. Lien Hwa Industrial Holding's current ROC (Joel Greenblatt) % of 100.02% is 581.3% 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 Lien Hwa Industrial Holding and its competitors. For the Conglomerates industry, the median ROC (Joel Greenblatt) % is 14.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lien Hwa Industrial Holding's current ROC (Joel Greenblatt) % is 100.02%, which is 13% above median its own 10-year median of 88.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lien Hwa Industrial Holding stock overvalued right now?
Based on GuruFocus' analysis, Lien Hwa Industrial Holding (TPE:1229) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$55.85, compared to a current price of NT$41.65 — trading 25.4% below its estimated fair value. The current ROC (Joel Greenblatt) % is 100.02%, which is 13% above median its 10-year median of 88.50 and 581.3% above the Conglomerates industry median of 14.68. Lien Hwa Industrial Holding's overall GF Score™ is 87/100 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 Lien Hwa Industrial Holding (TPE:1229), the current ROC (Joel Greenblatt) % is 100.02% 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 Lien Hwa Industrial Holding (TPE:1229) Overvalued in 2026?
Based on GuruFocus' analysis, Lien Hwa Industrial Holding stock appears to be undervalued.
The current stock price of NT$41.65 is trading 25.4% below its estimated GF Value™ of NT$55.85.
GuruFocus considers Lien Hwa Industrial Holding to be Modestly Undervalued.
Key valuation signals for TPE:1229:
ROC (Joel Greenblatt) %: 100.02% (13% above median its 10-year median of 88.50)
GF Value™: NT$55.85 vs. price of NT$41.65 (25.4% below fair value)
Industry Position: 581.3% above the Conglomerates median (#35 of 562)
No single metric tells the full story. See the TPE:1229 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lien Hwa Industrial Holding Corp is engaged in flour production, real estate rental, integrated system service, automatic system, and other electronic businesses. The company has four reportable segments. The rental business provides real property rental and development services. The Flour business manufactures and sells all kinds of Flour and processed foods. The system integration service business provides the system integration service, automatic system, applied software design and sale of industrial computer. The administrative resource center is responsible for the management of domestic/foreign investment business.
87GF Score
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