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Evergreen SteelTPE:2211 +0.91%95 ROC (Joel Greenblatt) % is 41.05% as of Mar. 2026, which is 18% below its 10-year median of 49.93. GuruFocus rates TPE:2211 with a GF Score™ of 95/100 and a GF Value™ of NT$103.20 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 632 Steel companies, Evergreen Steel ranks better than 96.52% 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. Evergreen Steel's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 41.05%.
The historical rank and industry rank for Evergreen Steel's ROC (Joel Greenblatt) % or its related term are showing as below:
TPE:2211'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 30.66 Med: 49.93 Max: 113.42
Current: 73.88
During the past 10 years, Evergreen Steel's highest ROC (Joel Greenblatt) % was 113.42%. The lowest was 30.66%. And the median was 49.93%.
TPE:2211's ROC (Joel Greenblatt) % is ranked better than 96.52% of 632
companies
in the Steel industry
Industry Median: 7.14
vs TPE:2211: 73.88
Evergreen Steel's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 13.40% per year.
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.
Evergreen Steel ROC (Joel Greenblatt) % Related Terms
Evergreen Steel ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Evergreen Steel'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:2211 vs NUE, STLD, RS: ROC (Joel Greenblatt) % Comparison
For the Steel subindustry, Evergreen Steel'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.
Evergreen Steel ROC (Joel Greenblatt) % vs Steel Industry
For the Steel industry and Basic Materials sector, Evergreen Steel's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Evergreen Steel's ROC (Joel Greenblatt) % falls into.
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 41.05% mean?
Evergreen Steel (TPE:2211) has a ROC (Joel Greenblatt) % of 41.05% 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 Evergreen Steel and its competitors. This is 18% below median its historical median of 49.93. Over the past decade, Evergreen Steel's ROC (Joel Greenblatt) % has ranged from 30.66 to 113.42. According to the industry distribution chart, Evergreen Steel ranks #22 out of 632 companies in the Steel industry, placing it in the top 3.5%.
Is Evergreen Steel's ROC (Joel Greenblatt) % too high?
Evergreen Steel's current ROC (Joel Greenblatt) % of 41.05% is 18% below median its 10-year median of 49.93. Over the past 10 years, this metric has ranged from a low of 30.66 to a high of 113.42. The Steel industry median ROC (Joel Greenblatt) % is 7.14. Evergreen Steel's value of 41.05% is 474.9% above this industry median. Based on the distribution chart, Evergreen Steel ranks #22 out of 632 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Evergreen Steel has a GF Score™ of 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Evergreen Steel's ROC (Joel Greenblatt) % compare to NUE and STLD?
According to the Steel industry distribution chart, Evergreen Steel ranks #22 out of 632 companies for ROC (Joel Greenblatt) %. This places Evergreen Steel in the top 4% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 7.14. Evergreen Steel's value of 41.05% is 474.9% above this benchmark. Historically, Evergreen Steel's own ROC (Joel Greenblatt) % has ranged from 30.66 to 113.42 over the past decade. While the company's 10-year median is 49.93 vs. the industry median of 7.14, Evergreen Steel 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 7.14, 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. Evergreen Steel's current ROC (Joel Greenblatt) % of 41.05% is 474.9% 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 Evergreen Steel and its competitors. For the Steel industry, the median ROC (Joel Greenblatt) % is 7.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Evergreen Steel's current ROC (Joel Greenblatt) % is 41.05%, which is 18% below median its own 10-year median of 49.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Evergreen Steel stock overvalued right now?
Based on GuruFocus' analysis, Evergreen Steel (TPE:2211) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$103.20, compared to a current price of NT$88.60 — trading 14.1% below its estimated fair value. The current ROC (Joel Greenblatt) % is 41.05%, which is 18% below median its 10-year median of 49.93 and 474.9% above the Steel industry median of 7.14. Evergreen Steel's overall GF Score™ is 95/100 with 2 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 Evergreen Steel (TPE:2211), the current ROC (Joel Greenblatt) % is 41.05% 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 Evergreen Steel (TPE:2211) Overvalued in 2026?
Based on GuruFocus' analysis, Evergreen Steel stock appears to be undervalued.
The current stock price of NT$88.60 is trading 14.1% below its estimated GF Value™ of NT$103.20.
GuruFocus considers Evergreen Steel to be Modestly Undervalued.
Key valuation signals for TPE:2211:
ROC (Joel Greenblatt) %: 41.05% (18% below median its 10-year median of 49.93)
GF Value™: NT$103.20 vs. price of NT$88.60 (14.1% below fair value)
Industry Position: 474.9% above the Steel median (#22 of 632)
No single metric tells the full story. See the TPE:2211 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Evergreen Steel Corp is engaged in steel structure engineering and related construction services. Its operations include the design, manufacture, and installation of steel structures for high-rise buildings, factories, bridges, and other special construction projects. The company also provides container inspection, maintenance, and repair services for shipping companies.
95GF Score
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