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Tainan Spinning CoTPE:1440 -0.78%60 ROC (Joel Greenblatt) % is 0.03% as of Mar. 2026, which is 99% below its 10-year median of 4.44. GuruFocus rates TPE:1440 with a GF Score™ of 60/100 and a GF Value™ of NT$10.72 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,063 Manufacturing - Apparel & Accessories companies, Tainan Spinning Co ranks worse than 73.47% 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. Tainan Spinning Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 0.03%.
The historical rank and industry rank for Tainan Spinning Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TPE:1440'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.57 Med: 4.44 Max: 14.1
Current: 0.72
During the past 13 years, Tainan Spinning Co's highest ROC (Joel Greenblatt) % was 14.10%. The lowest was -0.57%. And the median was 4.44%.
TPE:1440's ROC (Joel Greenblatt) % is ranked worse than 73.47% of 1063
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 8.45
vs TPE:1440: 0.72
Tainan Spinning Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Tainan Spinning Co (TPE:1440) 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.
Tainan Spinning Co ROC (Joel Greenblatt) % Related Terms
Tainan Spinning Co ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Tainan Spinning 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.
Tainan Spinning Co ROC (Joel Greenblatt) % Competitor Comparison
For the Textile Manufacturing subindustry, Tainan Spinning 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.
Tainan Spinning Co ROC (Joel Greenblatt) % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Tainan Spinning Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Tainan Spinning Co's ROC (Joel Greenblatt) % falls into.
Tainan Spinning 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 0.03% mean?
Tainan Spinning Co (TPE:1440) has a ROC (Joel Greenblatt) % of 0.03% 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 Tainan Spinning Co and its competitors. This is 99% below median its historical median of 4.44. According to the industry distribution chart, Tainan Spinning Co ranks #781 out of 1063 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 73.5%.
Is Tainan Spinning Co's ROC (Joel Greenblatt) % too high?
Tainan Spinning Co's current ROC (Joel Greenblatt) % of 0.03% is 99% below median its 10-year median of 4.44. The Manufacturing - Apparel & Accessories industry median ROC (Joel Greenblatt) % is 8.45. Tainan Spinning Co's value of 0.03% is 99.6% below this industry median. Based on the distribution chart, Tainan Spinning Co ranks #781 out of 1063 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Tainan Spinning Co has a GF Score™ of 60/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tainan Spinning Co's ROC (Joel Greenblatt) % compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Tainan Spinning Co ranks #781 out of 1063 companies for ROC (Joel Greenblatt) %. This places Tainan Spinning Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 8.45. Tainan Spinning Co's value of 0.03% is 99.6% below this benchmark. While the company's 10-year median is 4.44 vs. the industry median of 8.45, Tainan Spinning Co has consistently been below 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 1,063 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. Tainan Spinning Co's current ROC (Joel Greenblatt) % of 0.03% is 99.6% below 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 Tainan Spinning Co 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. Tainan Spinning Co's current ROC (Joel Greenblatt) % is 0.03%, which is 99% below median its own 10-year median of 4.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tainan Spinning Co stock overvalued right now?
Based on GuruFocus' analysis, Tainan Spinning Co (TPE:1440) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$10.72, compared to a current price of NT$12.75 — trading 18.9% above its estimated fair value. The current ROC (Joel Greenblatt) % is 0.03%, which is 99% below median its 10-year median of 4.44 and 99.6% below the Manufacturing - Apparel & Accessories industry median of 8.45. Tainan Spinning Co's overall GF Score™ is 60/100 with 4 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 Tainan Spinning Co (TPE:1440), the current ROC (Joel Greenblatt) % is 0.03% 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 Tainan Spinning Co (TPE:1440) Overvalued in 2026?
Based on GuruFocus' analysis, Tainan Spinning Co stock appears to be overvalued.
The current stock price of NT$12.75 is trading 18.9% above its estimated GF Value™ of NT$10.72.
GuruFocus considers Tainan Spinning Co to be Modestly Overvalued.
Key valuation signals for TPE:1440:
ROC (Joel Greenblatt) %: 0.03% (99% below median its 10-year median of 4.44)
GF Value™: NT$10.72 vs. price of NT$12.75 (18.9% above fair value)
Industry Position: 99.6% below the Manufacturing - Apparel & Accessories median (#781 of 1063)
No single metric tells the full story. See the TPE:1440 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tainan Spinning Co Ltd is a Taiwan-based company that is principally engaged in manufacturing, processing, sale of textile products, woven textile products and synthetic fiber materials, construction of public housing, and the rental and sale of commercial property. The company's products include yarn, polyester, polyester filament, pet granules (spinning), processed yarn, and others. The company also operates a real estate business. The company generates the majority of its total revenue from textile products.
60GF Score
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