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Ascent Development CoTPE:1439 +1.71%48 ROC (Joel Greenblatt) % is 16.76% as of Sep. 2025, which is 67% above its 10-year median of 10.06. GuruFocus rates TPE:1439 with a GF Score™ of 48/100 and a GF Value™ of NT$51.05 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,750 Real Estate companies, Ascent Development Co ranks better than 51.26% 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. Ascent Development Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 was 16.76%.
The historical rank and industry rank for Ascent Development Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TPE:1439'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -182.48 Med: 10.06 Max: 313.55
Current: 13.73
During the past 13 years, Ascent Development Co's highest ROC (Joel Greenblatt) % was 313.55%. The lowest was -182.48%. And the median was 10.06%.
TPE:1439's ROC (Joel Greenblatt) % is ranked better than 51.26% of 1750
companies
in the Real Estate industry
Industry Median: 12.795
vs TPE:1439: 13.73
Ascent Development Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Ascent Development Co (TPE:1439) 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.
Ascent Development Co ROC (Joel Greenblatt) % Related Terms
Ascent Development Co ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Ascent Development 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.
Ascent Development Co ROC (Joel Greenblatt) % Chart
Ascent Development Co ROC (Joel Greenblatt) % Competitor Comparison
For the Real Estate - Development subindustry, Ascent Development 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.
Ascent Development Co ROC (Joel Greenblatt) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Ascent Development Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Ascent Development Co's ROC (Joel Greenblatt) % falls into.
Ascent Development 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 (Sep. 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 16.76% mean?
Ascent Development Co (TPE:1439) has a ROC (Joel Greenblatt) % of 16.76% as of Sep. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Ascent Development Co and its competitors. This is 67% above median its historical median of 10.06. According to the industry distribution chart, Ascent Development Co ranks #853 out of 1750 companies in the Real Estate industry, placing it in the top 48.7%.
Is Ascent Development Co's ROC (Joel Greenblatt) % too high?
Ascent Development Co's current ROC (Joel Greenblatt) % of 16.76% is 67% above median its 10-year median of 10.06. The Real Estate industry median ROC (Joel Greenblatt) % is 12.80. Ascent Development Co's value of 16.76% is 31% above this industry median. Based on the distribution chart, Ascent Development Co ranks #853 out of 1750 companies in the Real Estate industry, which is above the industry midpoint. Overall, Ascent Development Co has a GF Score™ of 48/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ascent Development Co's ROC (Joel Greenblatt) % compare to competitors?
According to the Real Estate industry distribution chart, Ascent Development Co ranks #853 out of 1750 companies for ROC (Joel Greenblatt) %. This puts Ascent Development Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 12.80. Ascent Development Co's value of 16.76% is 31% above this benchmark. While the company's 10-year median is 10.06 vs. the industry median of 12.80, Ascent Development 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 Real Estate company?
The median ROC (Joel Greenblatt) % among Real Estate companies is 12.80, based on 1,750 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. Ascent Development Co's current ROC (Joel Greenblatt) % of 16.76% is 31% 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 Ascent Development Co and its competitors. For the Real Estate industry, the median ROC (Joel Greenblatt) % is 12.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ascent Development Co's current ROC (Joel Greenblatt) % is 16.76%, which is 67% above median its own 10-year median of 10.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ascent Development Co stock overvalued right now?
Based on GuruFocus' analysis, Ascent Development Co (TPE:1439) is currently considered Possible Value Trap. The stock's GF Value™ is NT$51.05, compared to a current price of NT$26.75 — trading 47.6% below its estimated fair value. The current ROC (Joel Greenblatt) % is 16.76%, which is 67% above median its 10-year median of 10.06 and 31% above the Real Estate industry median of 12.80. Ascent Development Co's overall GF Score™ is 48/100 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 Ascent Development Co (TPE:1439), the current ROC (Joel Greenblatt) % is 16.76% as of Sep. 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 Ascent Development Co (TPE:1439) Overvalued in 2026?
Based on GuruFocus' analysis, Ascent Development Co stock appears to be undervalued.
The current stock price of NT$26.75 is trading 47.6% below its estimated GF Value™ of NT$51.05.
GuruFocus considers Ascent Development Co to be Possible Value Trap.
Key valuation signals for TPE:1439:
ROC (Joel Greenblatt) %: 16.76% (67% above median its 10-year median of 10.06)
GF Value™: NT$51.05 vs. price of NT$26.75 (47.6% below fair value)
Industry Position: 31% above the Real Estate median (#853 of 1750)
No single metric tells the full story. See the TPE:1439 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ascent Development Co Ltd mainly engages in real estate development, lease, and sale. The Company is engaged in entrusting construction companies to build or sell buildings, and its business cycle is usually longer than one year. Its businesses include real estate investment development, construction, lease of residential properties, and building development, rental, and leasing. Its segments include construction project sales, which generate maximum revenue, service, lease, and others. The company generates revenue from Taiwan.
48GF Score
Get the complete analysis for TPE:1439
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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