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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. Shining Victory Motor Electronic Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 65.62%.
The historical rank and industry rank for Shining Victory Motor Electronic Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TPE:2248'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.18 Med: 27.41 Max: 61.03
Current: 51.69
During the past 11 years, Shining Victory Motor Electronic Co's highest ROC (Joel Greenblatt) % was 61.03%. The lowest was 0.18%. And the median was 27.41%.
TPE:2248's ROC (Joel Greenblatt) % is ranked better than 93.69% of 1332
companies
in the Vehicles & Parts industry
Industry Median: 11.97
vs TPE:2248: 51.69
Shining Victory Motor Electronic Co (TPE:2248) 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.
Shining Victory Motor Electronic Co ROC (Joel Greenblatt) % Chart
TPE:2248 vs ORLY, AZO: ROC (Joel Greenblatt) % Comparison
For the Auto Parts subindustry, Shining Victory Motor Electronic 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.
Shining Victory Motor Electronic Co ROC (Joel Greenblatt) % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Shining Victory Motor Electronic Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Shining Victory Motor Electronic Co's ROC (Joel Greenblatt) % falls into.
Shining Victory Motor Electronic 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 65.62% mean?
Shining Victory Motor Electronic Co (TPE:2248) has a ROC (Joel Greenblatt) % of 65.62% 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 Shining Victory Motor Electronic Co and its competitors. This is 139% above median its historical median of 27.41. Over the past decade, Shining Victory Motor Electronic Co's ROC (Joel Greenblatt) % has ranged from 0.18 to 61.03. According to the industry distribution chart, Shining Victory Motor Electronic Co ranks #84 out of 1332 companies in the Vehicles & Parts industry, placing it in the top 6.3%.
Is Shining Victory Motor Electronic Co's ROC (Joel Greenblatt) % too high?
Shining Victory Motor Electronic Co's current ROC (Joel Greenblatt) % of 65.62% is 139% above median its 10-year median of 27.41. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 61.03. The Vehicles & Parts industry median ROC (Joel Greenblatt) % is 11.97. Shining Victory Motor Electronic Co's value of 65.62% is 448.2% above this industry median. Based on the distribution chart, Shining Victory Motor Electronic Co ranks #84 out of 1332 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Shining Victory Motor Electronic Co has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shining Victory Motor Electronic Co's ROC (Joel Greenblatt) % compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Shining Victory Motor Electronic Co ranks #84 out of 1332 companies for ROC (Joel Greenblatt) %. This places Shining Victory Motor Electronic Co in the top 6% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.97. Shining Victory Motor Electronic Co's value of 65.62% is 448.2% above this benchmark. Historically, Shining Victory Motor Electronic Co's own ROC (Joel Greenblatt) % has ranged from 0.18 to 61.03 over the past decade. While the company's 10-year median is 27.41 vs. the industry median of 11.97, Shining Victory Motor Electronic 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 Vehicles & Parts company?
The median ROC (Joel Greenblatt) % among Vehicles & Parts companies is 11.97, based on 1,332 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. Shining Victory Motor Electronic Co's current ROC (Joel Greenblatt) % of 65.62% is 448.2% 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 Shining Victory Motor Electronic Co and its competitors. For the Vehicles & Parts industry, the median ROC (Joel Greenblatt) % is 11.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shining Victory Motor Electronic Co's current ROC (Joel Greenblatt) % is 65.62%, which is 139% above median its own 10-year median of 27.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shining Victory Motor Electronic Co stock overvalued right now?
Based on GuruFocus' analysis, Shining Victory Motor Electronic Co (TPE:2248) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$56.29, compared to a current price of NT$62.50 — trading 11% above its estimated fair value. The current ROC (Joel Greenblatt) % is 65.62%, which is 139% above median its 10-year median of 27.41 and 448.2% above the Vehicles & Parts industry median of 11.97. Shining Victory Motor Electronic Co's overall GF Score™ is 86/100 with 6 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 Shining Victory Motor Electronic Co (TPE:2248), the current ROC (Joel Greenblatt) % is 65.62% 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 Shining Victory Motor Electronic Co (TPE:2248) Overvalued in 2026?
Based on GuruFocus' analysis, Shining Victory Motor Electronic Co stock appears to be overvalued.
The current stock price of NT$62.50 is trading 11% above its estimated GF Value™ of NT$56.29.
GuruFocus considers Shining Victory Motor Electronic Co to be Modestly Overvalued.
Key valuation signals for TPE:2248:
ROC (Joel Greenblatt) %: 65.62% (139% above median its 10-year median of 27.41)
GF Value™: NT$56.29 vs. price of NT$62.50 (11% above fair value)
Industry Position: 448.2% above the Vehicles & Parts median (#84 of 1332)
No single metric tells the full story. See the TPE:2248 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shining Victory Motor Electronic Co Business Description
Shining Victory Motor Electronic Co Ltd is engaged in the manufacturing and sale of automotive LED interior lighting, interior and exterior decoration, LED automotive lamps, and other automotive parts. The Company is also involved in the production and sales of auto and motorcycle molds, design and manufacture of jigs, assembly of automotive electronic components, production of automotive electronics components, and sales of automobile electronic components. The company mainly operates in China, Thailand, Mexico, and the United States, with China deriving maximum revenue.
86GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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