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Triocean Industrial CoTPE:1472 +0.56%80 ROC (Joel Greenblatt) % is 188.54% as of Dec. 2025, which is 1320% above its 10-year median of 13.28. GuruFocus rates TPE:1472 with a GF Score™ of 80/100 and a GF Value™ of NT$78.43 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 1,779 Construction companies, Triocean Industrial Co ranks better than 93.65% 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. Triocean Industrial Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 188.54%.
The historical rank and industry rank for Triocean Industrial Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TPE:1472'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -36.3 Med: 13.28 Max: 238.23
Current: 238.23
During the past 13 years, Triocean Industrial Co's highest ROC (Joel Greenblatt) % was 238.23%. The lowest was -36.30%. And the median was 13.28%.
TPE:1472's ROC (Joel Greenblatt) % is ranked better than 93.65% of 1779
companies
in the Construction industry
Industry Median: 19.68
vs TPE:1472: 238.23
Triocean Industrial Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Triocean Industrial Co (TPE:1472) 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.
Triocean Industrial Co ROC (Joel Greenblatt) % Related Terms
Triocean Industrial Co ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Triocean Industrial 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.
Triocean Industrial Co ROC (Joel Greenblatt) % Chart
TPE:1472 vs PWR, FIX, EME: ROC (Joel Greenblatt) % Comparison
For the Engineering & Construction subindustry, Triocean Industrial 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.
Triocean Industrial Co ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Triocean Industrial Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Triocean Industrial Co's ROC (Joel Greenblatt) % falls into.
Triocean Industrial 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 (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 188.54% mean?
Triocean Industrial Co (TPE:1472) has a ROC (Joel Greenblatt) % of 188.54% 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 Triocean Industrial Co and its competitors. This is 1320% above median its historical median of 13.28. According to the industry distribution chart, Triocean Industrial Co ranks #113 out of 1779 companies in the Construction industry, placing it in the top 6.4%.
Is Triocean Industrial Co's ROC (Joel Greenblatt) % too high?
Triocean Industrial Co's current ROC (Joel Greenblatt) % of 188.54% is 1320% above median its 10-year median of 13.28. The Construction industry median ROC (Joel Greenblatt) % is 19.68. Triocean Industrial Co's value of 188.54% is 858% above this industry median. Based on the distribution chart, Triocean Industrial Co ranks #113 out of 1779 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Triocean Industrial Co has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Triocean Industrial Co's ROC (Joel Greenblatt) % compare to PWR and FIX?
According to the Construction industry distribution chart, Triocean Industrial Co ranks #113 out of 1779 companies for ROC (Joel Greenblatt) %. This places Triocean Industrial Co in the top 6% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 19.68. Triocean Industrial Co's value of 188.54% is 858% above this benchmark. While the company's 10-year median is 13.28 vs. the industry median of 19.68, Triocean Industrial 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 Construction company?
The median ROC (Joel Greenblatt) % among Construction companies is 19.68, based on 1,779 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. Triocean Industrial Co's current ROC (Joel Greenblatt) % of 188.54% is 858% 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 Triocean Industrial Co and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Triocean Industrial Co's current ROC (Joel Greenblatt) % is 188.54%, which is 1320% above median its own 10-year median of 13.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Triocean Industrial Co stock overvalued right now?
Based on GuruFocus' analysis, Triocean Industrial Co (TPE:1472) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$78.43, compared to a current price of NT$89.50 — trading 14.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 188.54%, which is 1320% above median its 10-year median of 13.28 and 858% above the Construction industry median of 19.68. Triocean Industrial Co's overall GF Score™ is 80/100 with 2 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 Triocean Industrial Co (TPE:1472), the current ROC (Joel Greenblatt) % is 188.54% 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 Triocean Industrial Co (TPE:1472) Overvalued in 2026?
Based on GuruFocus' analysis, Triocean Industrial Co stock appears to be overvalued.
The current stock price of NT$89.50 is trading 14.1% above its estimated GF Value™ of NT$78.43.
GuruFocus considers Triocean Industrial Co to be Modestly Overvalued.
Key valuation signals for TPE:1472:
ROC (Joel Greenblatt) %: 188.54% (1320% above median its 10-year median of 13.28)
GF Value™: NT$78.43 vs. price of NT$89.50 (14.1% above fair value)
Industry Position: 858% above the Construction median (#113 of 1779)
No single metric tells the full story. See the TPE:1472 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Triocean Industrial Corp Co Ltd is engaged in the construction business. The company's business includes contracting repair/renovation projects, undertaking construction such as land preparation, infrastructure, installation of construction equipment, and construction, reconstruction, and repair of civil engineering projects. It mainly undertakes private residential projects, and cooperates with its subsidiary, to execute public engineering projects focusing on water and electrical works.
80GF Score
Get the complete analysis for TPE:1472
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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