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Far Eastern New CenturyTPE:1402 -0.55%79 ROC (Joel Greenblatt) % is 11.74% as of Dec. 2025, which is 1% below its 10-year median of 11.80. GuruFocus rates TPE:1402 with a GF Score™ of 79/100 and a GF Value™ of NT$33.34 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,061 Manufacturing - Apparel & Accessories companies, Far Eastern New Century ranks better than 59.19% 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. Far Eastern New Century's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 11.74%.
The historical rank and industry rank for Far Eastern New Century's ROC (Joel Greenblatt) % or its related term are showing as below:
TPE:1402'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 9.1 Med: 11.8 Max: 13.93
Current: 11.52
During the past 13 years, Far Eastern New Century's highest ROC (Joel Greenblatt) % was 13.93%. The lowest was 9.10%. And the median was 11.80%.
TPE:1402's ROC (Joel Greenblatt) % is ranked better than 59.19% of 1061
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 8.45
vs TPE:1402: 11.52
Far Eastern New Century's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 3.50% per year.
Far Eastern New Century (TPE:1402) 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.
Far Eastern New Century ROC (Joel Greenblatt) % Related Terms
Far Eastern New Century ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Far Eastern New Century'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.
Far Eastern New Century ROC (Joel Greenblatt) % Chart
Far Eastern New Century ROC (Joel Greenblatt) % Competitor Comparison
For the Textile Manufacturing subindustry, Far Eastern New Century'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.
Far Eastern New Century ROC (Joel Greenblatt) % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Far Eastern New Century's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Far Eastern New Century's ROC (Joel Greenblatt) % falls into.
Far Eastern New Century 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 11.74% mean?
Far Eastern New Century (TPE:1402) has a ROC (Joel Greenblatt) % of 11.74% 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 Far Eastern New Century and its competitors. This is near median its historical median of 11.80. Over the past decade, Far Eastern New Century's ROC (Joel Greenblatt) % has ranged from 9.10 to 13.93. According to the industry distribution chart, Far Eastern New Century ranks #433 out of 1061 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 40.8%.
Is Far Eastern New Century's ROC (Joel Greenblatt) % too high?
Far Eastern New Century's current ROC (Joel Greenblatt) % of 11.74% is near median its 10-year median of 11.80. Over the past 10 years, this metric has ranged from a low of 9.10 to a high of 13.93. The Manufacturing - Apparel & Accessories industry median ROC (Joel Greenblatt) % is 8.45. Far Eastern New Century's value of 11.74% is 38.9% above this industry median. Based on the distribution chart, Far Eastern New Century ranks #433 out of 1061 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Far Eastern New Century has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Far Eastern New Century's ROC (Joel Greenblatt) % compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Far Eastern New Century ranks #433 out of 1061 companies for ROC (Joel Greenblatt) %. This puts Far Eastern New Century in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 8.45. Far Eastern New Century's value of 11.74% is 38.9% above this benchmark. Historically, Far Eastern New Century's own ROC (Joel Greenblatt) % has ranged from 9.10 to 13.93 over the past decade. While the company's 10-year median is 11.80 vs. the industry median of 8.45, Far Eastern New Century 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 Manufacturing - Apparel & Accessories company?
The median ROC (Joel Greenblatt) % among Manufacturing - Apparel & Accessories companies is 8.45, based on 1,061 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. Far Eastern New Century's current ROC (Joel Greenblatt) % of 11.74% is 38.9% 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 Far Eastern New Century and its competitors. For the Manufacturing - Apparel & Accessories industry, the median ROC (Joel Greenblatt) % is 8.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Far Eastern New Century's current ROC (Joel Greenblatt) % is 11.74%, which is near median its own 10-year median of 11.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Far Eastern New Century stock overvalued right now?
Based on GuruFocus' analysis, Far Eastern New Century (TPE:1402) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$33.34, compared to a current price of NT$27.20 — trading 18.4% below its estimated fair value. The current ROC (Joel Greenblatt) % is 11.74%, which is near median its 10-year median of 11.80 and 38.9% above the Manufacturing - Apparel & Accessories industry median of 8.45. Far Eastern New Century's overall GF Score™ is 79/100 with 7 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 Far Eastern New Century (TPE:1402), the current ROC (Joel Greenblatt) % is 11.74% 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 Far Eastern New Century (TPE:1402) Overvalued in 2026?
Based on GuruFocus' analysis, Far Eastern New Century stock appears to be undervalued.
The current stock price of NT$27.20 is trading 18.4% below its estimated GF Value™ of NT$33.34.
GuruFocus considers Far Eastern New Century to be Modestly Undervalued.
Key valuation signals for TPE:1402:
ROC (Joel Greenblatt) %: 11.74% (near median its 10-year median of 11.80)
GF Value™: NT$33.34 vs. price of NT$27.20 (18.4% below fair value)
Industry Position: 38.9% above the Manufacturing - Apparel & Accessories median (#433 of 1061)
No single metric tells the full story. See the TPE:1402 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Far Eastern New Century Corp is a Taiwan-based industrial holding company with operations that span Taiwan, China and overseas. The company is organized into a business that includes manufacturing and selling polyester materials and semi-finished and finished textiles such as cotton, synthetic or blended fabrics, towels and bed sheets, and woven and knitted garments; PET (polyethylene terephthalate) bottles and sheets; and natural, synthetic or blended yarns and polyester textured yarns. It also does yarn, silk and cloth printing and dyeing. Its operating segments include: Investments in production business, which derives key revenue; telecommunication services business; property development business; and Investment and other business.
79GF Score
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