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Chicony Electronics CoTPE:2385 -2.84%84 ROC (Joel Greenblatt) % is 24.44% as of Dec. 2025, which is 52% below its 10-year median of 50.63. GuruFocus rates TPE:2385 with a GF Score™ of 84/100 and a GF Value™ of NT$141.54 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 2,494 Hardware companies, Chicony Electronics Co ranks better than 87.89% 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. Chicony Electronics Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 24.44%.
The historical rank and industry rank for Chicony Electronics Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TPE:2385'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 35.78 Med: 50.63 Max: 79.4
Current: 51.17
During the past 13 years, Chicony Electronics Co's highest ROC (Joel Greenblatt) % was 79.40%. The lowest was 35.78%. And the median was 50.63%.
TPE:2385's ROC (Joel Greenblatt) % is ranked better than 87.89% of 2494
companies
in the Hardware industry
Industry Median: 10.42
vs TPE:2385: 51.17
Chicony Electronics Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 2.60% per year.
Chicony Electronics Co (TPE:2385) 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.
Chicony Electronics Co ROC (Joel Greenblatt) % Related Terms
Chicony Electronics Co ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Chicony Electronics 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.
Chicony Electronics Co ROC (Joel Greenblatt) % Chart
TPE:2385 vs SNDK, DELL, STX: ROC (Joel Greenblatt) % Comparison
For the Computer Hardware subindustry, Chicony Electronics 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.
Chicony Electronics Co ROC (Joel Greenblatt) % vs Hardware Industry
For the Hardware industry and Technology sector, Chicony Electronics Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Chicony Electronics Co's ROC (Joel Greenblatt) % falls into.
Chicony Electronics 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 24.44% mean?
Chicony Electronics Co (TPE:2385) has a ROC (Joel Greenblatt) % of 24.44% 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 Chicony Electronics Co and its competitors. This is 52% below median its historical median of 50.63. Over the past decade, Chicony Electronics Co's ROC (Joel Greenblatt) % has ranged from 35.78 to 79.40. According to the industry distribution chart, Chicony Electronics Co ranks #302 out of 2494 companies in the Hardware industry, placing it in the top 12.1%.
Is Chicony Electronics Co's ROC (Joel Greenblatt) % too high?
Chicony Electronics Co's current ROC (Joel Greenblatt) % of 24.44% is 52% below median its 10-year median of 50.63. Over the past 10 years, this metric has ranged from a low of 35.78 to a high of 79.40. The Hardware industry median ROC (Joel Greenblatt) % is 10.42. Chicony Electronics Co's value of 24.44% is 134.5% above this industry median. Based on the distribution chart, Chicony Electronics Co ranks #302 out of 2494 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Chicony Electronics Co has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Chicony Electronics Co's ROC (Joel Greenblatt) % compare to SNDK and DELL?
According to the Hardware industry distribution chart, Chicony Electronics Co ranks #302 out of 2494 companies for ROC (Joel Greenblatt) %. This places Chicony Electronics Co in the top 12% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 10.42. Chicony Electronics Co's value of 24.44% is 134.5% above this benchmark. Historically, Chicony Electronics Co's own ROC (Joel Greenblatt) % has ranged from 35.78 to 79.40 over the past decade. While the company's 10-year median is 50.63 vs. the industry median of 10.42, Chicony Electronics 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 10.42, based on 2,494 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. Chicony Electronics Co's current ROC (Joel Greenblatt) % of 24.44% is 134.5% 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 Chicony Electronics Co and its competitors. For the Hardware industry, the median ROC (Joel Greenblatt) % is 10.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chicony Electronics Co's current ROC (Joel Greenblatt) % is 24.44%, which is 52% below median its own 10-year median of 50.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chicony Electronics Co stock overvalued right now?
Based on GuruFocus' analysis, Chicony Electronics Co (TPE:2385) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$141.54, compared to a current price of NT$102.50 — trading 27.6% below its estimated fair value. The current ROC (Joel Greenblatt) % is 24.44%, which is 52% below median its 10-year median of 50.63 and 134.5% above the Hardware industry median of 10.42. Chicony Electronics Co's overall GF Score™ is 84/100 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 Chicony Electronics Co (TPE:2385), the current ROC (Joel Greenblatt) % is 24.44% 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 Chicony Electronics Co (TPE:2385) Overvalued in 2026?
Based on GuruFocus' analysis, Chicony Electronics Co stock appears to be undervalued.
The current stock price of NT$102.50 is trading 27.6% below its estimated GF Value™ of NT$141.54.
GuruFocus considers Chicony Electronics Co to be Modestly Undervalued.
Key valuation signals for TPE:2385:
ROC (Joel Greenblatt) %: 24.44% (52% below median its 10-year median of 50.63)
GF Value™: NT$141.54 vs. price of NT$102.50 (27.6% below fair value)
Industry Position: 134.5% above the Hardware median (#302 of 2494)
No single metric tells the full story. See the TPE:2385 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chicony Electronics Co Ltd is engaged in the manufacturing and sales of keyboards and other computer peripheral components. The company has manufacturing bases in Suzhou, Dongguan, and Chongqing in China and in the Czech Republic. The company also has branches in the United States and Japan. Its business centers around the manufacture of computer peripheral products and video-image products. The company's inventories are keyboards, mouses, switching power supplies, lens modules, and other computer information-related peripherals and components. Geographically, it generates the majority of its revenue from Taiwan.
84GF Score
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