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Formosa Taffeta CoTPE:1434 -2.22%74 ROC (Joel Greenblatt) % is 10.33% as of Mar. 2026, which is 30% below its 10-year median of 14.67. GuruFocus rates TPE:1434 with a GF Score™ of 74/100 and a GF Value™ of NT$18.25 (Fairly Valued). The stock has 8 warning signs investors should review. Among 1,062 Manufacturing - Apparel & Accessories companies, Formosa Taffeta Co ranks better than 50% 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 Taffeta Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 10.33%.
The historical rank and industry rank for Formosa Taffeta Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TPE:1434'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.34 Med: 14.67 Max: 21.23
Current: 8.59
During the past 13 years, Formosa Taffeta Co's highest ROC (Joel Greenblatt) % was 21.23%. The lowest was 4.34%. And the median was 14.67%.
TPE:1434's ROC (Joel Greenblatt) % is ranked better than 50% of 1062
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 8.57
vs TPE:1434: 8.59
Formosa Taffeta Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -11.10% per year.
Formosa Taffeta Co (TPE:1434) 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.
Formosa Taffeta Co ROC (Joel Greenblatt) % Related Terms
Formosa Taffeta Co ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Formosa Taffeta 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.
Formosa Taffeta Co ROC (Joel Greenblatt) % Competitor Comparison
For the Textile Manufacturing subindustry, Formosa Taffeta 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.
Formosa Taffeta Co ROC (Joel Greenblatt) % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Formosa Taffeta Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Formosa Taffeta Co's ROC (Joel Greenblatt) % falls into.
Formosa Taffeta 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 (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 10.33% mean?
Formosa Taffeta Co (TPE:1434) has a ROC (Joel Greenblatt) % of 10.33% 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 Taffeta Co and its competitors. This is 30% below median its historical median of 14.67. Over the past decade, Formosa Taffeta Co's ROC (Joel Greenblatt) % has ranged from 4.34 to 21.23. According to the industry distribution chart, Formosa Taffeta Co ranks #531 out of 1062 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 50%.
Is Formosa Taffeta Co's ROC (Joel Greenblatt) % too high?
Formosa Taffeta Co's current ROC (Joel Greenblatt) % of 10.33% is 30% below median its 10-year median of 14.67. Over the past 10 years, this metric has ranged from a low of 4.34 to a high of 21.23. The Manufacturing - Apparel & Accessories industry median ROC (Joel Greenblatt) % is 8.57. Formosa Taffeta Co's value of 10.33% is 20.5% above this industry median. Based on the distribution chart, Formosa Taffeta Co ranks #531 out of 1062 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Formosa Taffeta Co has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Formosa Taffeta Co's ROC (Joel Greenblatt) % compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Formosa Taffeta Co ranks #531 out of 1062 companies for ROC (Joel Greenblatt) %. This puts Formosa Taffeta Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 8.57. Formosa Taffeta Co's value of 10.33% is 20.5% above this benchmark. Historically, Formosa Taffeta Co's own ROC (Joel Greenblatt) % has ranged from 4.34 to 21.23 over the past decade. While the company's 10-year median is 14.67 vs. the industry median of 8.57, Formosa Taffeta 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 Manufacturing - Apparel & Accessories company?
The median ROC (Joel Greenblatt) % among Manufacturing - Apparel & Accessories companies is 8.57, based on 1,062 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 Taffeta Co's current ROC (Joel Greenblatt) % of 10.33% is 20.5% 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 Taffeta Co and its competitors. For the Manufacturing - Apparel & Accessories 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. Formosa Taffeta Co's current ROC (Joel Greenblatt) % is 10.33%, which is 30% below median its own 10-year median of 14.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Formosa Taffeta Co stock overvalued right now?
Based on GuruFocus' analysis, Formosa Taffeta Co (TPE:1434) is currently considered Fairly Valued. The stock's GF Value™ is NT$18.25, compared to a current price of NT$17.60 — trading 3.6% below its estimated fair value. The current ROC (Joel Greenblatt) % is 10.33%, which is 30% below median its 10-year median of 14.67 and 20.5% above the Manufacturing - Apparel & Accessories industry median of 8.57. Formosa Taffeta Co's overall GF Score™ is 74/100 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 Taffeta Co (TPE:1434), the current ROC (Joel Greenblatt) % is 10.33% 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 Taffeta Co (TPE:1434) Overvalued in 2026?
Based on GuruFocus' analysis, Formosa Taffeta Co stock appears to be undervalued.
The current stock price of NT$17.60 is trading 3.6% below its estimated GF Value™ of NT$18.25.
GuruFocus considers Formosa Taffeta Co to be Fairly Valued.
Key valuation signals for TPE:1434:
ROC (Joel Greenblatt) %: 10.33% (30% below median its 10-year median of 14.67)
GF Value™: NT$18.25 vs. price of NT$17.60 (3.6% below fair value)
Industry Position: 20.5% above the Manufacturing - Apparel & Accessories median (#531 of 1062)
No single metric tells the full story. See the TPE:1434 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Formosa Taffeta Co Ltd is a Taiwan-based company that is principally involved in the textile industry. Primary department is Fabrics, dyeing and others of which activities are Amine fabrics, polyester fabrics, cotton fabrics, blending fabrics and umbrella ribs and Secondary department is Cord fabrics, petroleum of which activities are Cord, plastic bags, refineries for gasoline, diesel, crude oil and the related petroleum products, cotton fibers, blending fibers and protection fibers. The Group has three reportable segments First business group, Cord fabric department and Gasoline department. The majority of revenue comes from First business group. The majority of revenue comes from Taiwan as compare to Asia.
74GF Score
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