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Airtac International GroupTPE:1590 -5.21%97 ROC (Joel Greenblatt) % is 35.62% as of Mar. 2026, which is 52% above its 10-year median of 23.43. GuruFocus rates TPE:1590 with a GF Score™ of 97/100 and a GF Value™ of NT$1,200.43 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 3,065 Industrial Products companies, Airtac International Group ranks better than 80% 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. Airtac International Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 35.62%.
The historical rank and industry rank for Airtac International Group's ROC (Joel Greenblatt) % or its related term are showing as below:
TPE:1590'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 16.33 Med: 23.43 Max: 31.8
Current: 31.8
During the past 13 years, Airtac International Group's highest ROC (Joel Greenblatt) % was 31.80%. The lowest was 16.33%. And the median was 23.43%.
TPE:1590's ROC (Joel Greenblatt) % is ranked better than 80% of 3065
companies
in the Industrial Products industry
Industry Median: 11.74
vs TPE:1590: 31.80
Airtac International Group (TPE:1590) 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.
* 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.
Airtac International Group ROC (Joel Greenblatt) % Chart
TPE:1590 vs GEV, ETN, PH: ROC (Joel Greenblatt) % Comparison
For the Specialty Industrial Machinery subindustry, Airtac International Group'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.
Airtac International Group ROC (Joel Greenblatt) % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Airtac International Group's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Airtac International Group's ROC (Joel Greenblatt) % falls into.
Airtac International Group 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 35.62% mean?
Airtac International Group (TPE:1590) has a ROC (Joel Greenblatt) % of 35.62% 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 Airtac International Group and its competitors. This is 52% above median its historical median of 23.43. Over the past decade, Airtac International Group's ROC (Joel Greenblatt) % has ranged from 16.33 to 31.80. According to the industry distribution chart, Airtac International Group ranks #613 out of 3065 companies in the Industrial Products industry, placing it in the top 20%.
Is Airtac International Group's ROC (Joel Greenblatt) % too high?
Airtac International Group's current ROC (Joel Greenblatt) % of 35.62% is 52% above median its 10-year median of 23.43. Over the past 10 years, this metric has ranged from a low of 16.33 to a high of 31.80. The Industrial Products industry median ROC (Joel Greenblatt) % is 11.74. Airtac International Group's value of 35.62% is 203.4% above this industry median. Based on the distribution chart, Airtac International Group ranks #613 out of 3065 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Airtac International Group has a GF Score™ of 97/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Airtac International Group's ROC (Joel Greenblatt) % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Airtac International Group ranks #613 out of 3065 companies for ROC (Joel Greenblatt) %. This places Airtac International Group in the top 20% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.74. Airtac International Group's value of 35.62% is 203.4% above this benchmark. Historically, Airtac International Group's own ROC (Joel Greenblatt) % has ranged from 16.33 to 31.80 over the past decade. While the company's 10-year median is 23.43 vs. the industry median of 11.74, Airtac International Group 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 an Industrial Products company?
The median ROC (Joel Greenblatt) % among Industrial Products companies is 11.74, based on 3,065 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. Airtac International Group's current ROC (Joel Greenblatt) % of 35.62% is 203.4% 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 Airtac International Group and its competitors. For the Industrial Products industry, the median ROC (Joel Greenblatt) % is 11.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Airtac International Group's current ROC (Joel Greenblatt) % is 35.62%, which is 52% above median its own 10-year median of 23.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Airtac International Group stock overvalued right now?
Based on GuruFocus' analysis, Airtac International Group (TPE:1590) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$1,200.43, compared to a current price of NT$1,365.00 — trading 13.7% above its estimated fair value. The current ROC (Joel Greenblatt) % is 35.62%, which is 52% above median its 10-year median of 23.43 and 203.4% above the Industrial Products industry median of 11.74. Airtac International Group's overall GF Score™ is 97/100 with 6 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 Airtac International Group (TPE:1590), the current ROC (Joel Greenblatt) % is 35.62% 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 Airtac International Group (TPE:1590) Overvalued in 2026?
Based on GuruFocus' analysis, Airtac International Group stock appears to be overvalued.
The current stock price of NT$1,365.00 is trading 13.7% above its estimated GF Value™ of NT$1,200.43.
GuruFocus considers Airtac International Group to be Modestly Overvalued.
Key valuation signals for TPE:1590:
ROC (Joel Greenblatt) %: 35.62% (52% above median its 10-year median of 23.43)
GF Value™: NT$1,200.43 vs. price of NT$1,365.00 (13.7% above fair value)
Industry Position: 203.4% above the Industrial Products median (#613 of 3065)
No single metric tells the full story. See the TPE:1590 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Established in Taiwan in 1989, AirTAC International Group specializes in producing actuators, control components, air preparation products, and accessories, which are widely used in industrial automation, including industries such as electronics, energy & lighting, battery, packaging, automotive, general machinery, and textile. The firm is the second-largest pneumatic equipment manufacturer in China, with 30% market share. AirTAC generated more than 90% of sales from China in 2025.
97GF Score
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