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Solomon TechnologyTPE:2359 -9.85%80 ROC (Joel Greenblatt) % is 64.61% as of Mar. 2026, which is 181% above its 10-year median of 22.99. GuruFocus rates TPE:2359 with a GF Score™ of 80/100 and a GF Value™ of NT$139.25 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 2,491 Hardware companies, Solomon Technology ranks better than 83.82% 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. Solomon Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 64.61%.
The historical rank and industry rank for Solomon Technology's ROC (Joel Greenblatt) % or its related term are showing as below:
TPE:2359'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 7.64 Med: 22.99 Max: 55.21
Current: 40.87
During the past 13 years, Solomon Technology's highest ROC (Joel Greenblatt) % was 55.21%. The lowest was 7.64%. And the median was 22.99%.
TPE:2359's ROC (Joel Greenblatt) % is ranked better than 83.82% of 2491
companies
in the Hardware industry
Industry Median: 10.49
vs TPE:2359: 40.87
Solomon Technology's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 18.40% 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.
Solomon Technology ROC (Joel Greenblatt) % Related Terms
Solomon Technology ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Solomon Technology'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:2359 vs APH, GLW, TEL: ROC (Joel Greenblatt) % Comparison
For the Electronic Components subindustry, Solomon Technology'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.
Solomon Technology ROC (Joel Greenblatt) % vs Hardware Industry
For the Hardware industry and Technology sector, Solomon Technology's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Solomon Technology'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 64.61% mean?
Solomon Technology (TPE:2359) has a ROC (Joel Greenblatt) % of 64.61% 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 Solomon Technology and its competitors. This is 181% above median its historical median of 22.99. Over the past decade, Solomon Technology's ROC (Joel Greenblatt) % has ranged from 7.64 to 55.21. According to the industry distribution chart, Solomon Technology ranks #403 out of 2491 companies in the Hardware industry, placing it in the top 16.2%.
Is Solomon Technology's ROC (Joel Greenblatt) % too high?
Solomon Technology's current ROC (Joel Greenblatt) % of 64.61% is 181% above median its 10-year median of 22.99. Over the past 10 years, this metric has ranged from a low of 7.64 to a high of 55.21. The Hardware industry median ROC (Joel Greenblatt) % is 10.49. Solomon Technology's value of 64.61% is 515.9% above this industry median. Based on the distribution chart, Solomon Technology ranks #403 out of 2491 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Solomon Technology has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Solomon Technology's ROC (Joel Greenblatt) % compare to APH and GLW?
According to the Hardware industry distribution chart, Solomon Technology ranks #403 out of 2491 companies for ROC (Joel Greenblatt) %. This places Solomon Technology in the top 16% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 10.49. Solomon Technology's value of 64.61% is 515.9% above this benchmark. Historically, Solomon Technology's own ROC (Joel Greenblatt) % has ranged from 7.64 to 55.21 over the past decade. While the company's 10-year median is 22.99 vs. the industry median of 10.49, Solomon Technology 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 Hardware company?
The median ROC (Joel Greenblatt) % among Hardware companies is 10.49, based on 2,491 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. Solomon Technology's current ROC (Joel Greenblatt) % of 64.61% is 515.9% 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 Solomon Technology and its competitors. For the Hardware industry, the median ROC (Joel Greenblatt) % is 10.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Solomon Technology's current ROC (Joel Greenblatt) % is 64.61%, which is 181% above median its own 10-year median of 22.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solomon Technology stock overvalued right now?
Based on GuruFocus' analysis, Solomon Technology (TPE:2359) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$139.25, compared to a current price of NT$123.50 — trading 11.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is 64.61%, which is 181% above median its 10-year median of 22.99 and 515.9% above the Hardware industry median of 10.49. Solomon Technology's overall GF Score™ is 80/100 with 5 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 Solomon Technology (TPE:2359), the current ROC (Joel Greenblatt) % is 64.61% 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 Solomon Technology (TPE:2359) Overvalued in 2026?
Based on GuruFocus' analysis, Solomon Technology stock appears to be undervalued.
The current stock price of NT$123.50 is trading 11.3% below its estimated GF Value™ of NT$139.25.
GuruFocus considers Solomon Technology to be Modestly Undervalued.
Key valuation signals for TPE:2359:
ROC (Joel Greenblatt) %: 64.61% (181% above median its 10-year median of 22.99)
GF Value™: NT$139.25 vs. price of NT$123.50 (11.3% below fair value)
Industry Position: 515.9% above the Hardware median (#403 of 2491)
No single metric tells the full story. See the TPE:2359 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Solomon Technology Corp is mainly engaged in the sale, manufacturing, agency, and import of generators, semiconductors, electronic parts, and LCDs. Its service locations are widely spread in the Asia-Pacific region and in Great China, such as Hong Kong, Shanghai, Beijing, Tianjin, Jinan, Suzhou, Xiamen, Shenzhen, Dongguan, Chengdu, Chongqing, Xian, Wuhan, and Hefei.
80GF Score
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