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Lian Hwa FoodsTPE:1231 -0.11%90 ROC (Joel Greenblatt) % is 13.84% as of Mar. 2026, which is 18% below its 10-year median of 16.86. GuruFocus rates TPE:1231 with a GF Score™ of 90/100 and a GF Value™ of NT$92.65 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,981 Consumer Packaged Goods companies, Lian Hwa Foods ranks better than 56.44% 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. Lian Hwa Foods's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 13.84%.
The historical rank and industry rank for Lian Hwa Foods's ROC (Joel Greenblatt) % or its related term are showing as below:
TPE:1231'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 13.4 Med: 16.86 Max: 18.27
Current: 14.41
During the past 13 years, Lian Hwa Foods's highest ROC (Joel Greenblatt) % was 18.27%. The lowest was 13.40%. And the median was 16.86%.
TPE:1231's ROC (Joel Greenblatt) % is ranked better than 56.44% of 1981
companies
in the Consumer Packaged Goods industry
Industry Median: 11.99
vs TPE:1231: 14.41
Lian Hwa Foods's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -2.80% per year.
Lian Hwa Foods (TPE:1231) 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.
Lian Hwa Foods ROC (Joel Greenblatt) % Related Terms
Lian Hwa Foods ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Lian Hwa Foods'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:1231 vs KHC, GIS: ROC (Joel Greenblatt) % Comparison
For the Packaged Foods subindustry, Lian Hwa Foods'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.
Lian Hwa Foods ROC (Joel Greenblatt) % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Lian Hwa Foods's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Lian Hwa Foods's ROC (Joel Greenblatt) % falls into.
Lian Hwa Foods 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 13.84% mean?
Lian Hwa Foods (TPE:1231) has a ROC (Joel Greenblatt) % of 13.84% 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 Lian Hwa Foods and its competitors. This is 18% below median its historical median of 16.86. Over the past decade, Lian Hwa Foods' ROC (Joel Greenblatt) % has ranged from 13.40 to 18.27. According to the industry distribution chart, Lian Hwa Foods ranks #863 out of 1981 companies in the Consumer Packaged Goods industry, placing it in the top 43.6%.
Is Lian Hwa Foods' ROC (Joel Greenblatt) % too high?
Lian Hwa Foods' current ROC (Joel Greenblatt) % of 13.84% is 18% below median its 10-year median of 16.86. Over the past 10 years, this metric has ranged from a low of 13.40 to a high of 18.27. The Consumer Packaged Goods industry median ROC (Joel Greenblatt) % is 11.99. Lian Hwa Foods' value of 13.84% is 15.4% above this industry median. Based on the distribution chart, Lian Hwa Foods ranks #863 out of 1981 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Lian Hwa Foods has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Lian Hwa Foods' ROC (Joel Greenblatt) % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Lian Hwa Foods ranks #863 out of 1981 companies for ROC (Joel Greenblatt) %. This puts Lian Hwa Foods in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.99. Lian Hwa Foods' value of 13.84% is 15.4% above this benchmark. Historically, Lian Hwa Foods' own ROC (Joel Greenblatt) % has ranged from 13.40 to 18.27 over the past decade. While the company's 10-year median is 16.86 vs. the industry median of 11.99, Lian Hwa Foods 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 Consumer Packaged Goods company?
The median ROC (Joel Greenblatt) % among Consumer Packaged Goods companies is 11.99, based on 1,981 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. Lian Hwa Foods's current ROC (Joel Greenblatt) % of 13.84% is 15.4% 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 Lian Hwa Foods and its competitors. For the Consumer Packaged Goods industry, the median ROC (Joel Greenblatt) % is 11.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lian Hwa Foods's current ROC (Joel Greenblatt) % is 13.84%, which is 18% below median its own 10-year median of 16.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lian Hwa Foods stock overvalued right now?
Based on GuruFocus' analysis, Lian Hwa Foods (TPE:1231) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$92.65, compared to a current price of NT$82.00 — trading 11.5% below its estimated fair value. The current ROC (Joel Greenblatt) % is 13.84%, which is 18% below median its 10-year median of 16.86 and 15.4% above the Consumer Packaged Goods industry median of 11.99. Lian Hwa Foods' overall GF Score™ is 90/100 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 Lian Hwa Foods (TPE:1231), the current ROC (Joel Greenblatt) % is 13.84% 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 Lian Hwa Foods (TPE:1231) Overvalued in 2026?
Based on GuruFocus' analysis, Lian Hwa Foods stock appears to be undervalued.
The current stock price of NT$82.00 is trading 11.5% below its estimated GF Value™ of NT$92.65.
GuruFocus considers Lian Hwa Foods to be Modestly Undervalued.
Key valuation signals for TPE:1231:
ROC (Joel Greenblatt) %: 13.84% (18% below median its 10-year median of 16.86)
GF Value™: NT$92.65 vs. price of NT$82.00 (11.5% below fair value)
Industry Position: 15.4% above the Consumer Packaged Goods median (#863 of 1981)
No single metric tells the full story. See the TPE:1231 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lian Hwa Foods Corp is engaged in the manufacturing, processing, trading, and wholesale and retail of seaweed, squid, pasta, rice bran, beans, nuts, melon seeds, jams, beverages, sugar, candy, biscuits, peanut butter and other products or processed products, and various sea and land products, frozen processed foods and canned foods. It operates in two divisions: Snack Food Division and RTE (Ready-to-Eat) Foods Division. The RTE (Ready-to-Eat) Foods Division derives majority of the revenue from Taiwan. Its brands include KOLOKO Crispy Pea Snacks, VIVA Nuts, CADINA Snacks, Moto-Moto-Yama Seaweed, Chef Hoka Instant Pasta, and Lucky Star Snacks.
90GF Score
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