Mao Bao (TPE:1732) ROC (Joel Greenblatt) %: 32.66% (As of Dec. 2025) — 436% Above Median

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TPE:1732 Mao Bao Inc TPE:1732
78 GF Score
Price NT$27.35
GF Value NT$33.17
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Mao Bao ROC (Joel Greenblatt) %?

Mao Bao TPE:1732 -2.32% 78 ROC (Joel Greenblatt) % is 32.66% as of Dec. 2025, which is 436% above its 10-year median of 6.09. GuruFocus rates TPE:1732 with a GF Score™ of 78/100 and a GF Value™ of NT$33.17 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,982 Consumer Packaged Goods companies, Mao Bao ranks better than 62.56% 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. Mao Bao's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 32.66%.

The historical rank and industry rank for Mao Bao's ROC (Joel Greenblatt) % or its related term are showing as below:

TPE:1732' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -8.86   Med: 6.09   Max: 16.58
Current: 16.58

During the past 13 years, Mao Bao's highest ROC (Joel Greenblatt) % was 16.58%. The lowest was -8.86%. And the median was 6.09%.

TPE:1732's ROC (Joel Greenblatt) % is ranked better than
62.56% of 1982 companies
in the Consumer Packaged Goods industry
Industry Median: 11.99 vs TPE:1732: 16.58

Mao Bao's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Mao Bao  (TPE:1732) 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.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


Mao Bao ROC (Joel Greenblatt) % Related Terms


Mao Bao ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Mao Bao'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.

Mao Bao ROC (Joel Greenblatt) % Chart

Mao Bao Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.63 3.40 -1.32 8.23 16.34

Mao Bao Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.49 10.02 -1.31 25.11 32.66

TPE:1732 vs PG, CL, KVUE: ROC (Joel Greenblatt) % Comparison

For the Household & Personal Products subindustry, Mao Bao'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.


Mao Bao ROC (Joel Greenblatt) % vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Mao Bao's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Mao Bao's ROC (Joel Greenblatt) % falls into.


TPE:1732
78GF Score
Mao Bao Inc TPE:1732
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mao Bao 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:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

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.

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(89.125 + 106.031 + 8.418) - (116.523 + 0 + 14.753)
=72.298

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(78.13 + 114.774 + 11.421) - (125.276 + 0 + 14.303)
=64.746

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Mao Bao for the quarter that ended in Dec. 2025 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=92.008/( ( (212.635 + max(72.298, 0)) + (213.683 + max(64.746, 0)) )/ 2 )
=92.008/( ( 284.933 + 278.429 )/ 2 )
=92.008/281.681
=32.66 %

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 32.66% mean?
Mao Bao (TPE:1732) has a ROC (Joel Greenblatt) % of 32.66% 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 Mao Bao and its competitors. This is 436% above median its historical median of 6.09. According to the industry distribution chart, Mao Bao ranks #742 out of 1982 companies in the Consumer Packaged Goods industry, placing it in the top 37.4%.
Is Mao Bao's ROC (Joel Greenblatt) % too high?
Mao Bao's current ROC (Joel Greenblatt) % of 32.66% is 436% above median its 10-year median of 6.09. The Consumer Packaged Goods industry median ROC (Joel Greenblatt) % is 11.99. Mao Bao's value of 32.66% is 172.4% above this industry median. Based on the distribution chart, Mao Bao ranks #742 out of 1982 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Mao Bao has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mao Bao's ROC (Joel Greenblatt) % compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Mao Bao ranks #742 out of 1982 companies for ROC (Joel Greenblatt) %. This puts Mao Bao in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.99. Mao Bao's value of 32.66% is 172.4% above this benchmark. While the company's 10-year median is 6.09 vs. the industry median of 11.99, Mao Bao 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 Consumer Packaged Goods company?
The median ROC (Joel Greenblatt) % among Consumer Packaged Goods companies is 11.99, based on 1,982 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. Mao Bao's current ROC (Joel Greenblatt) % of 32.66% is 172.4% 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 Mao Bao and its competitors. For the Consumer Packaged Goods industry, the median ROC (Joel Greenblatt) % is 11.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mao Bao's current ROC (Joel Greenblatt) % is 32.66%, which is 436% above median its own 10-year median of 6.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mao Bao stock overvalued right now?
Based on GuruFocus' analysis, Mao Bao (TPE:1732) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$33.17, compared to a current price of NT$27.35 — trading 17.5% below its estimated fair value. The current ROC (Joel Greenblatt) % is 32.66%, which is 436% above median its 10-year median of 6.09 and 172.4% above the Consumer Packaged Goods industry median of 11.99. Mao Bao's overall GF Score™ is 78/100 with 1 warning sign 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 Mao Bao (TPE:1732), the current ROC (Joel Greenblatt) % is 32.66% 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 Mao Bao (TPE:1732) Overvalued in 2026?

Based on GuruFocus' analysis, Mao Bao stock appears to be undervalued. The current stock price of NT$27.35 is trading 17.5% below its estimated GF Value™ of NT$33.17. GuruFocus considers Mao Bao to be Modestly Undervalued.

Key valuation signals for TPE:1732:

  • ROC (Joel Greenblatt) %: 32.66% (436% above median its 10-year median of 6.09)
  • GF Value™: NT$33.17 vs. price of NT$27.35 (17.5% below fair value)
  • GF Score™: 78/100 with 1 warning sign
  • Industry Position: 172.4% above the Consumer Packaged Goods median (#742 of 1982)

No single metric tells the full story. See the TPE:1732 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mao Bao Business Description

Address No. 19, Shihchien Road, Shen-Li Village, Hukou Township, Hsinchu, TWN
Mao Bao Inc operates in the household and personal products industry. The company's main businesses are the processing, manufacturing, transactions, and other import/export trading of various cleaning products. The company's products are widely distributed in supermarkets, warehouse clubs, convenient stores such as Carrefour, Costco, Watsons, and Wellcome.
78GF Score

Get the complete analysis for TPE:1732

ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$27.35
Price
NT$33.17
GF Value