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Formosa Chemicals & FibreTPE:1326 -3.94%69 ROC (Joel Greenblatt) % is 17.22% as of Mar. 2026, which is 16% below its 10-year median of 20.48. GuruFocus rates TPE:1326 with a GF Score™ of 69/100 and a GF Value™ of NT$43.15 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,604 Chemicals companies, Formosa Chemicals & Fibre ranks worse than 70.57% 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. Formosa Chemicals & Fibre's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 17.22%.
The historical rank and industry rank for Formosa Chemicals & Fibre's ROC (Joel Greenblatt) % or its related term are showing as below:
TPE:1326'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1.03 Med: 20.48 Max: 43.03
Current: 2.99
During the past 13 years, Formosa Chemicals & Fibre's highest ROC (Joel Greenblatt) % was 43.03%. The lowest was -1.03%. And the median was 20.48%.
TPE:1326's ROC (Joel Greenblatt) % is ranked worse than 70.57% of 1604
companies
in the Chemicals industry
Industry Median: 9.565
vs TPE:1326: 2.99
Formosa Chemicals & Fibre's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
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.
Formosa Chemicals & Fibre ROC (Joel Greenblatt) % Related Terms
Formosa Chemicals & Fibre ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Formosa Chemicals & Fibre'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:1326 vs DOW: ROC (Joel Greenblatt) % Comparison
For the Chemicals subindustry, Formosa Chemicals & Fibre'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.
Formosa Chemicals & Fibre ROC (Joel Greenblatt) % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Formosa Chemicals & Fibre's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Formosa Chemicals & Fibre'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 (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 17.22% mean?
Formosa Chemicals & Fibre (TPE:1326) has a ROC (Joel Greenblatt) % of 17.22% 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 Formosa Chemicals & Fibre and its competitors. This is 16% below median its historical median of 20.48. According to the industry distribution chart, Formosa Chemicals & Fibre ranks #1132 out of 1604 companies in the Chemicals industry, placing it in the top 70.6%.
Is Formosa Chemicals & Fibre's ROC (Joel Greenblatt) % too high?
Formosa Chemicals & Fibre's current ROC (Joel Greenblatt) % of 17.22% is 16% below median its 10-year median of 20.48. The Chemicals industry median ROC (Joel Greenblatt) % is 9.57. Formosa Chemicals & Fibre's value of 17.22% is 80% above this industry median. Based on the distribution chart, Formosa Chemicals & Fibre ranks #1132 out of 1604 companies in the Chemicals industry, which is below the industry midpoint. Overall, Formosa Chemicals & Fibre has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Formosa Chemicals & Fibre's ROC (Joel Greenblatt) % compare to DOW?
According to the Chemicals industry distribution chart, Formosa Chemicals & Fibre ranks #1132 out of 1604 companies for ROC (Joel Greenblatt) %. This places Formosa Chemicals & Fibre in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 9.57. Formosa Chemicals & Fibre's value of 17.22% is 80% above this benchmark. While the company's 10-year median is 20.48 vs. the industry median of 9.57, Formosa Chemicals & Fibre 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 Chemicals company?
The median ROC (Joel Greenblatt) % among Chemicals companies is 9.57, based on 1,604 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. Formosa Chemicals & Fibre's current ROC (Joel Greenblatt) % of 17.22% is 80% 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 Formosa Chemicals & Fibre and its competitors. For the Chemicals industry, the median ROC (Joel Greenblatt) % is 9.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Formosa Chemicals & Fibre's current ROC (Joel Greenblatt) % is 17.22%, which is 16% below median its own 10-year median of 20.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Formosa Chemicals & Fibre stock overvalued right now?
Based on GuruFocus' analysis, Formosa Chemicals & Fibre (TPE:1326) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$43.15, compared to a current price of NT$58.50 — trading 35.6% above its estimated fair value. The current ROC (Joel Greenblatt) % is 17.22%, which is 16% below median its 10-year median of 20.48 and 80% above the Chemicals industry median of 9.57. Formosa Chemicals & Fibre's overall GF Score™ is 69/100 with 8 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 Formosa Chemicals & Fibre (TPE:1326), the current ROC (Joel Greenblatt) % is 17.22% 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 Formosa Chemicals & Fibre (TPE:1326) Overvalued in 2026?
Based on GuruFocus' analysis, Formosa Chemicals & Fibre stock appears to be overvalued.
The current stock price of NT$58.50 is trading 35.6% above its estimated GF Value™ of NT$43.15.
GuruFocus considers Formosa Chemicals & Fibre to be Significantly Overvalued.
Key valuation signals for TPE:1326:
ROC (Joel Greenblatt) %: 17.22% (16% below median its 10-year median of 20.48)
GF Value™: NT$43.15 vs. price of NT$58.50 (35.6% above fair value)
Industry Position: 80% above the Chemicals median (#1132 of 1604)
No single metric tells the full story. See the TPE:1326 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Formosa Chemicals & Fibre Corp businesses are the production and sales of petrochemical products, including PTA, PS, AN, Butadiene, SM polymer, SM, benzene, toluene, pxylene (PX) and o-xylene (OX), as well as nylon fiber, and rayon staple fiber. The Company is also engaged in spinning, weaving, dyeing, and finishing.
69GF Score
Get the complete analysis for TPE:1326
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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