Sanitar Co (TPE:1817) ROC (Joel Greenblatt) %: 19.56% (As of Dec. 2025) — Near Median

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TPE:1817 Sanitar Co Ltd TPE:1817
86 GF Score
Price NT$38.45
GF Value NT$38.20
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Sanitar Co ROC (Joel Greenblatt) %?

Sanitar Co TPE:1817 -0.13% 86 ROC (Joel Greenblatt) % is 19.56% as of Dec. 2025, which is 1% above its 10-year median of 19.44. GuruFocus rates TPE:1817 with a GF Score™ of 86/100 and a GF Value™ of NT$38.20 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,978 Consumer Packaged Goods companies, Sanitar Co ranks better than 67.9% 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. Sanitar Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 19.56%.

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

TPE:1817' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 14.51   Med: 19.44   Max: 29.8
Current: 19.57

During the past 13 years, Sanitar Co's highest ROC (Joel Greenblatt) % was 29.80%. The lowest was 14.51%. And the median was 19.44%.

TPE:1817's ROC (Joel Greenblatt) % is ranked better than
67.9% of 1978 companies
in the Consumer Packaged Goods industry
Industry Median: 11.99 vs TPE:1817: 19.57

Sanitar Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 5.50% per year.


Sanitar Co  (TPE:1817) 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.


Sanitar Co ROC (Joel Greenblatt) % Related Terms


Sanitar Co ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Sanitar 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.

Sanitar Co ROC (Joel Greenblatt) % Chart

Sanitar Co 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 15.01 19.86 16.17 21.33 19.02

Sanitar Co 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 25.58 12.42 21.24 26.65 19.56

TPE:1817 vs PG, CL, KVUE: ROC (Joel Greenblatt) % Comparison

For the Household & Personal Products subindustry, Sanitar 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.


Sanitar Co ROC (Joel Greenblatt) % vs Consumer Packaged Goods Industry

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

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


TPE:1817
86GF Score
Sanitar Co Ltd TPE:1817
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sanitar 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:

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)
=(295.603 + 726.021 + 71.229) - (209.589 + 0 + 13.248)
=870.016

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(278.014 + 772.508 + 65.955) - (260.348 + 0 + 12.344)
=843.785

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Sanitar Co 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 )
=355.74/( ( (963.623 + max(870.016, 0)) + (960.599 + max(843.785, 0)) )/ 2 )
=355.74/( ( 1833.639 + 1804.384 )/ 2 )
=355.74/1819.0115
=19.56 %

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 19.56% mean?
Sanitar Co (TPE:1817) has a ROC (Joel Greenblatt) % of 19.56% 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 Sanitar Co and its competitors. This is near median its historical median of 19.44. Over the past decade, Sanitar Co's ROC (Joel Greenblatt) % has ranged from 14.51 to 29.80. According to the industry distribution chart, Sanitar Co ranks #635 out of 1978 companies in the Consumer Packaged Goods industry, placing it in the top 32.1%.
Is Sanitar Co's ROC (Joel Greenblatt) % too high?
Sanitar Co's current ROC (Joel Greenblatt) % of 19.56% is near median its 10-year median of 19.44. Over the past 10 years, this metric has ranged from a low of 14.51 to a high of 29.80. The Consumer Packaged Goods industry median ROC (Joel Greenblatt) % is 11.99. Sanitar Co's value of 19.56% is 63.1% above this industry median. Based on the distribution chart, Sanitar Co ranks #635 out of 1978 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Sanitar 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 Sanitar Co's ROC (Joel Greenblatt) % compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Sanitar Co ranks #635 out of 1978 companies for ROC (Joel Greenblatt) %. This puts Sanitar Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.99. Sanitar Co's value of 19.56% is 63.1% above this benchmark. Historically, Sanitar Co's own ROC (Joel Greenblatt) % has ranged from 14.51 to 29.80 over the past decade. While the company's 10-year median is 19.44 vs. the industry median of 11.99, Sanitar 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 Consumer Packaged Goods company?
The median ROC (Joel Greenblatt) % among Consumer Packaged Goods companies is 11.99, based on 1,978 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. Sanitar Co's current ROC (Joel Greenblatt) % of 19.56% is 63.1% 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 Sanitar Co 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. Sanitar Co's current ROC (Joel Greenblatt) % is 19.56%, which is near median its own 10-year median of 19.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sanitar Co stock overvalued right now?
Based on GuruFocus' analysis, Sanitar Co (TPE:1817) is currently considered Fairly Valued. The stock's GF Value™ is NT$38.20, compared to a current price of NT$38.45 — trading 0.7% above its estimated fair value. The current ROC (Joel Greenblatt) % is 19.56%, which is near median its 10-year median of 19.44 and 63.1% above the Consumer Packaged Goods industry median of 11.99. Sanitar Co's overall GF Score™ is 86/100 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 Sanitar Co (TPE:1817), the current ROC (Joel Greenblatt) % is 19.56% 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 Sanitar Co (TPE:1817) Overvalued in 2026?

Based on GuruFocus' analysis, Sanitar Co stock appears to be overvalued. The current stock price of NT$38.45 is trading 0.7% above its estimated GF Value™ of NT$38.20. GuruFocus considers Sanitar Co to be Fairly Valued.

Key valuation signals for TPE:1817:

  • ROC (Joel Greenblatt) %: 19.56% (near median its 10-year median of 19.44)
  • GF Value™: NT$38.20 vs. price of NT$38.45 (0.7% above fair value)
  • GF Score™: 86/100 with 1 warning sign
  • Industry Position: 63.1% above the Consumer Packaged Goods median (#635 of 1978)

No single metric tells the full story. See the TPE:1817 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sanitar Co Business Description

Address No 111-8, Xingde Road, 7th Floor, Sanchong District, New Taipei, TWN, 241
Sanitar Co Ltd is engaged in the design, manufacturing, and sale of sanitary porcelain and water outlet products. Its product portfolio includes toilet goods, lavatories, washbasins, faucets, bathtubs, and related accessories. The group operates through two reportable segments: the Taiwan sanitary porcelain segment and the Vietnam sanitary porcelain segment. Both segments are involved in manufacturing and trading sanitary porcelain and water outlet products, and are managed separately due to their distinct business strategies. The company derives the majority of its revenue from Taiwan.
86GF Score

Get the complete analysis for TPE:1817

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

NT$38.45
Price
NT$38.20
GF Value