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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. Yung Chi Paint & Varnish Mfg Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 24.83%.
The historical rank and industry rank for Yung Chi Paint & Varnish Mfg Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TPE:1726'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 16.04 Med: 18 Max: 33.13
Current: 19.19
During the past 13 years, Yung Chi Paint & Varnish Mfg Co's highest ROC (Joel Greenblatt) % was 33.13%. The lowest was 16.04%. And the median was 18.00%.
TPE:1726's ROC (Joel Greenblatt) % is ranked better than 73.69% of 1604
companies
in the Chemicals industry
Industry Median: 9.645
vs TPE:1726: 19.19
Yung Chi Paint & Varnish Mfg Co (TPE:1726) 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.
Yung Chi Paint & Varnish Mfg Co ROC (Joel Greenblatt) % Chart
TPE:1726 vs LIN, SHW, ECL: ROC (Joel Greenblatt) % Comparison
For the Specialty Chemicals subindustry, Yung Chi Paint & Varnish Mfg 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.
Yung Chi Paint & Varnish Mfg Co ROC (Joel Greenblatt) % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Yung Chi Paint & Varnish Mfg Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Yung Chi Paint & Varnish Mfg Co's ROC (Joel Greenblatt) % falls into.
Yung Chi Paint & Varnish Mfg 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 24.83% mean?
Yung Chi Paint & Varnish Mfg Co (TPE:1726) has a ROC (Joel Greenblatt) % of 24.83% 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 Yung Chi Paint & Varnish Mfg Co and its competitors. This is 38% above median its historical median of 18.00. Over the past decade, Yung Chi Paint & Varnish Mfg Co's ROC (Joel Greenblatt) % has ranged from 16.04 to 33.13. According to the industry distribution chart, Yung Chi Paint & Varnish Mfg Co ranks #422 out of 1604 companies in the Chemicals industry, placing it in the top 26.3%.
Is Yung Chi Paint & Varnish Mfg Co's ROC (Joel Greenblatt) % too high?
Yung Chi Paint & Varnish Mfg Co's current ROC (Joel Greenblatt) % of 24.83% is 38% above median its 10-year median of 18.00. Over the past 10 years, this metric has ranged from a low of 16.04 to a high of 33.13. The Chemicals industry median ROC (Joel Greenblatt) % is 9.65. Yung Chi Paint & Varnish Mfg Co's value of 24.83% is 157.4% above this industry median. Based on the distribution chart, Yung Chi Paint & Varnish Mfg Co ranks #422 out of 1604 companies in the Chemicals industry, which is above the industry midpoint. Overall, Yung Chi Paint & Varnish Mfg Co has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Yung Chi Paint & Varnish Mfg Co's ROC (Joel Greenblatt) % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Yung Chi Paint & Varnish Mfg Co ranks #422 out of 1604 companies for ROC (Joel Greenblatt) %. This puts Yung Chi Paint & Varnish Mfg Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 9.65. Yung Chi Paint & Varnish Mfg Co's value of 24.83% is 157.4% above this benchmark. Historically, Yung Chi Paint & Varnish Mfg Co's own ROC (Joel Greenblatt) % has ranged from 16.04 to 33.13 over the past decade. While the company's 10-year median is 18.00 vs. the industry median of 9.65, Yung Chi Paint & Varnish Mfg 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 Chemicals company?
The median ROC (Joel Greenblatt) % among Chemicals companies is 9.65, based on 1,604 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. Yung Chi Paint & Varnish Mfg Co's current ROC (Joel Greenblatt) % of 24.83% is 157.4% 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 Yung Chi Paint & Varnish Mfg Co and its competitors. For the Chemicals industry, the median ROC (Joel Greenblatt) % is 9.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Yung Chi Paint & Varnish Mfg Co's current ROC (Joel Greenblatt) % is 24.83%, which is 38% above median its own 10-year median of 18.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yung Chi Paint & Varnish Mfg Co stock overvalued right now?
Based on GuruFocus' analysis, Yung Chi Paint & Varnish Mfg Co (TPE:1726) is currently considered Fairly Valued. The stock's GF Value™ is NT$77.98, compared to a current price of NT$78.10 — trading 0.2% above its estimated fair value. The current ROC (Joel Greenblatt) % is 24.83%, which is 38% above median its 10-year median of 18.00 and 157.4% above the Chemicals industry median of 9.65. Yung Chi Paint & Varnish Mfg Co's overall GF Score™ is 86/100 with 3 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 Yung Chi Paint & Varnish Mfg Co (TPE:1726), the current ROC (Joel Greenblatt) % is 24.83% 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 Yung Chi Paint & Varnish Mfg Co (TPE:1726) Overvalued in 2026?
Based on GuruFocus' analysis, Yung Chi Paint & Varnish Mfg Co stock appears to be overvalued.
The current stock price of NT$78.10 is trading 0.2% above its estimated GF Value™ of NT$77.98.
GuruFocus considers Yung Chi Paint & Varnish Mfg Co to be Fairly Valued.
Key valuation signals for TPE:1726:
ROC (Joel Greenblatt) %: 24.83% (38% above median its 10-year median of 18.00)
GF Value™: NT$77.98 vs. price of NT$78.10 (0.2% above fair value)
Industry Position: 157.4% above the Chemicals median (#422 of 1604)
No single metric tells the full story. See the TPE:1726 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Yung Chi Paint & Varnish Mfg Co Ltd is mainly engaged in the manufacture and sale of paints and coatings and the undertaking of painting projects. The company operates in two segments: the Paint Business Department, which is mainly engaged in the manufacture and sale of various paint products, and the Coating Engineering Department, engaged in the business of painting projects and structural coating or restoration. The company derives the majority of its revenue from the Paint business segment.
86GF Score
Get the complete analysis for TPE:1726
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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