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Ability Enterprise CoTPE:2374 -6.17%82 ROC (Joel Greenblatt) % is 22.12% as of Mar. 2026, which is 173% above its 10-year median of 8.10. GuruFocus rates TPE:2374 with a GF Score™ of 82/100 and a GF Value™ of NT$85.30 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,491 Hardware companies, Ability Enterprise Co ranks better than 74.47% 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. Ability Enterprise Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 22.12%.
The historical rank and industry rank for Ability Enterprise Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TPE:2374'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -13.34 Med: 8.1 Max: 28.1
Current: 26.22
During the past 13 years, Ability Enterprise Co's highest ROC (Joel Greenblatt) % was 28.10%. The lowest was -13.34%. And the median was 8.10%.
TPE:2374's ROC (Joel Greenblatt) % is ranked better than 74.47% of 2491
companies
in the Hardware industry
Industry Median: 10.43
vs TPE:2374: 26.22
Ability Enterprise Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Ability Enterprise Co (TPE:2374) 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.
Ability Enterprise Co ROC (Joel Greenblatt) % Related Terms
Ability Enterprise Co ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Ability Enterprise 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.
Ability Enterprise Co ROC (Joel Greenblatt) % Chart
TPE:2374 vs APH, GLW, TEL: ROC (Joel Greenblatt) % Comparison
For the Electronic Components subindustry, Ability Enterprise 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.
Ability Enterprise Co ROC (Joel Greenblatt) % vs Hardware Industry
For the Hardware industry and Technology sector, Ability Enterprise Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Ability Enterprise Co's ROC (Joel Greenblatt) % falls into.
Ability Enterprise 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 (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 22.12% mean?
Ability Enterprise Co (TPE:2374) has a ROC (Joel Greenblatt) % of 22.12% 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 Ability Enterprise Co and its competitors. This is 173% above median its historical median of 8.10. According to the industry distribution chart, Ability Enterprise Co ranks #636 out of 2491 companies in the Hardware industry, placing it in the top 25.5%.
Is Ability Enterprise Co's ROC (Joel Greenblatt) % too high?
Ability Enterprise Co's current ROC (Joel Greenblatt) % of 22.12% is 173% above median its 10-year median of 8.10. The Hardware industry median ROC (Joel Greenblatt) % is 10.43. Ability Enterprise Co's value of 22.12% is 112.1% above this industry median. Based on the distribution chart, Ability Enterprise Co ranks #636 out of 2491 companies in the Hardware industry, which is above the industry midpoint. Overall, Ability Enterprise Co has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ability Enterprise Co's ROC (Joel Greenblatt) % compare to APH and GLW?
According to the Hardware industry distribution chart, Ability Enterprise Co ranks #636 out of 2491 companies for ROC (Joel Greenblatt) %. This puts Ability Enterprise Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 10.43. Ability Enterprise Co's value of 22.12% is 112.1% above this benchmark. While the company's 10-year median is 8.10 vs. the industry median of 10.43, Ability Enterprise 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 Hardware company?
The median ROC (Joel Greenblatt) % among Hardware companies is 10.43, 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. Ability Enterprise Co's current ROC (Joel Greenblatt) % of 22.12% is 112.1% 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 Ability Enterprise Co and its competitors. For the Hardware industry, the median ROC (Joel Greenblatt) % is 10.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ability Enterprise Co's current ROC (Joel Greenblatt) % is 22.12%, which is 173% above median its own 10-year median of 8.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ability Enterprise Co stock overvalued right now?
Based on GuruFocus' analysis, Ability Enterprise Co (TPE:2374) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$85.30, compared to a current price of NT$63.90 — trading 25.1% below its estimated fair value. The current ROC (Joel Greenblatt) % is 22.12%, which is 173% above median its 10-year median of 8.10 and 112.1% above the Hardware industry median of 10.43. Ability Enterprise Co's overall GF Score™ is 82/100 with 3 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 Ability Enterprise Co (TPE:2374), the current ROC (Joel Greenblatt) % is 22.12% 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 Ability Enterprise Co (TPE:2374) Overvalued in 2026?
Based on GuruFocus' analysis, Ability Enterprise Co stock appears to be undervalued.
The current stock price of NT$63.90 is trading 25.1% below its estimated GF Value™ of NT$85.30.
GuruFocus considers Ability Enterprise Co to be Modestly Undervalued.
Key valuation signals for TPE:2374:
ROC (Joel Greenblatt) %: 22.12% (173% above median its 10-year median of 8.10)
GF Value™: NT$85.30 vs. price of NT$63.90 (25.1% below fair value)
Industry Position: 112.1% above the Hardware median (#636 of 2491)
No single metric tells the full story. See the TPE:2374 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ability Enterprise Co Ltd is mainly engaged in the manufacturing, purchases and sales of digital cameras, optical product components and film/video accessories. The Company's main activities are the manufacturing and sales of optical products, and the strategic investing segment focuses on sales of design and manufacturing of optical elements. It specializes in integrating optics, mechanics, acoustics, electronics, and software. Its product portfolio includes security equipment, home appliances, machine vision systems, video live streaming systems, cloud-based solutions, and automotive imaging applications. Its segments are the optical manufacturing segment, which generates maximum revenue, and the strategic investing segment. The Company generates maximum revenue from Japan.
82GF 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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