Feng Hsin Steel CoTPE:2015 80 ROC (Joel Greenblatt) % is 16.19% as of Dec. 2025, which is 29% below its 10-year median of 22.89. GuruFocus rates TPE:2015 with a GF Score™ of 80/100 and a GF Value™ of NT$56.67 (Fairly Valued). The stock has 4 warning signs investors should review. Among 632 Steel companies, Feng Hsin Steel Co ranks better than 78.64% 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. Feng Hsin Steel Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 16.19%.
The historical rank and industry rank for Feng Hsin Steel Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TPE:2015'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 16.09 Med: 22.89 Max: 36.37
Current: 16.82
During the past 13 years, Feng Hsin Steel Co's highest ROC (Joel Greenblatt) % was 36.37%. The lowest was 16.09%. And the median was 22.89%.
TPE:2015's ROC (Joel Greenblatt) % is ranked better than 78.64% of 632
companies
in the Steel industry
Industry Median: 7.065
vs TPE:2015: 16.82
Feng Hsin Steel Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -12.40% per year.
Feng Hsin Steel Co (TPE:2015) 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.
Feng Hsin Steel Co ROC (Joel Greenblatt) % Related Terms
Feng Hsin Steel Co ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Feng Hsin Steel 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.
TPE:2015 vs NUE, STLD, RS: ROC (Joel Greenblatt) % Comparison
For the Steel subindustry, Feng Hsin Steel 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.
Feng Hsin Steel Co ROC (Joel Greenblatt) % vs Steel Industry
For the Steel industry and Basic Materials sector, Feng Hsin Steel Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Feng Hsin Steel Co's ROC (Joel Greenblatt) % falls into.
Feng Hsin Steel 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 16.19% mean?
Feng Hsin Steel Co (TPE:2015) has a ROC (Joel Greenblatt) % of 16.19% 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 Feng Hsin Steel Co and its competitors. This is 29% below median its historical median of 22.89. Over the past decade, Feng Hsin Steel Co's ROC (Joel Greenblatt) % has ranged from 16.09 to 36.37. According to the industry distribution chart, Feng Hsin Steel Co ranks #135 out of 632 companies in the Steel industry, placing it in the top 21.4%.
Is Feng Hsin Steel Co's ROC (Joel Greenblatt) % too high?
Feng Hsin Steel Co's current ROC (Joel Greenblatt) % of 16.19% is 29% below median its 10-year median of 22.89. Over the past 10 years, this metric has ranged from a low of 16.09 to a high of 36.37. The Steel industry median ROC (Joel Greenblatt) % is 7.07. Feng Hsin Steel Co's value of 16.19% is 129.2% above this industry median. Based on the distribution chart, Feng Hsin Steel Co ranks #135 out of 632 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Feng Hsin Steel Co has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Feng Hsin Steel Co's ROC (Joel Greenblatt) % compare to NUE and STLD?
According to the Steel industry distribution chart, Feng Hsin Steel Co ranks #135 out of 632 companies for ROC (Joel Greenblatt) %. This places Feng Hsin Steel Co in the top 21% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 7.07. Feng Hsin Steel Co's value of 16.19% is 129.2% above this benchmark. Historically, Feng Hsin Steel Co's own ROC (Joel Greenblatt) % has ranged from 16.09 to 36.37 over the past decade. While the company's 10-year median is 22.89 vs. the industry median of 7.07, Feng Hsin Steel 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 Steel company?
The median ROC (Joel Greenblatt) % among Steel companies is 7.07, based on 632 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. Feng Hsin Steel Co's current ROC (Joel Greenblatt) % of 16.19% is 129.2% 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 Feng Hsin Steel Co and its competitors. For the Steel industry, the median ROC (Joel Greenblatt) % is 7.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Feng Hsin Steel Co's current ROC (Joel Greenblatt) % is 16.19%, which is 29% below median its own 10-year median of 22.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Feng Hsin Steel Co stock overvalued right now?
Based on GuruFocus' analysis, Feng Hsin Steel Co (TPE:2015) is currently considered Fairly Valued. The stock's GF Value™ is NT$56.67, compared to a current price of NT$61.50 — trading 8.5% above its estimated fair value. The current ROC (Joel Greenblatt) % is 16.19%, which is 29% below median its 10-year median of 22.89 and 129.2% above the Steel industry median of 7.07. Feng Hsin Steel Co's overall GF Score™ is 80/100 with 4 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 Feng Hsin Steel Co (TPE:2015), the current ROC (Joel Greenblatt) % is 16.19% 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 Feng Hsin Steel Co (TPE:2015) Overvalued in 2026?
Based on GuruFocus' analysis, Feng Hsin Steel Co stock appears to be overvalued.
The current stock price of NT$61.50 is trading 8.5% above its estimated GF Value™ of NT$56.67.
GuruFocus considers Feng Hsin Steel Co to be Fairly Valued.
Key valuation signals for TPE:2015:
ROC (Joel Greenblatt) %: 16.19% (29% below median its 10-year median of 22.89)
GF Value™: NT$56.67 vs. price of NT$61.50 (8.5% above fair value)
Industry Position: 129.2% above the Steel median (#135 of 632)
No single metric tells the full story. See the TPE:2015 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Feng Hsin Steel Co Ltd manufacture and sell various types of steel products. The services provided by the Group mainly consist of transportation and insurance services for the various steel products sold. The company is engaged in the manufacturing, processing and trading of various angle iron, round iron, flat iron, flat bar, and others, along with the operation and investment of various incidental businesses. Its Steel Rolling Mill produces carbon steel and special steel. Geographically, the company generates maximum revenue from Taiwan.
80GF Score
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