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Biostar Microtech InternationalTPE:2399 -1.65%51 ROC (Joel Greenblatt) % is 73.24% as of Dec. 2025, which is 1499% above its 10-year median of 4.58. GuruFocus rates TPE:2399 with a GF Score™ of 51/100 and a GF Value™ of NT$17.31 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 2,492 Hardware companies, Biostar Microtech International ranks worse than 53.65% 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. Biostar Microtech International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 73.24%.
The historical rank and industry rank for Biostar Microtech International's ROC (Joel Greenblatt) % or its related term are showing as below:
TPE:2399'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -25.45 Med: 4.58 Max: 108.09
Current: 8.42
During the past 13 years, Biostar Microtech International's highest ROC (Joel Greenblatt) % was 108.09%. The lowest was -25.45%. And the median was 4.58%.
TPE:2399's ROC (Joel Greenblatt) % is ranked worse than 53.65% of 2492
companies
in the Hardware industry
Industry Median: 10.445
vs TPE:2399: 8.42
Biostar Microtech International (TPE:2399) 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.
Biostar Microtech International ROC (Joel Greenblatt) % Chart
TPE:2399 vs SNDK, DELL, STX: ROC (Joel Greenblatt) % Comparison
For the Computer Hardware subindustry, Biostar Microtech International'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.
Biostar Microtech International ROC (Joel Greenblatt) % vs Hardware Industry
For the Hardware industry and Technology sector, Biostar Microtech International's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Biostar Microtech International's ROC (Joel Greenblatt) % falls into.
Biostar Microtech International 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 73.24% mean?
Biostar Microtech International (TPE:2399) has a ROC (Joel Greenblatt) % of 73.24% 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 Biostar Microtech International and its competitors. This is 1499% above median its historical median of 4.58. According to the industry distribution chart, Biostar Microtech International ranks #1337 out of 2492 companies in the Hardware industry, placing it in the top 53.7%.
Is Biostar Microtech International's ROC (Joel Greenblatt) % too high?
Biostar Microtech International's current ROC (Joel Greenblatt) % of 73.24% is 1499% above median its 10-year median of 4.58. The Hardware industry median ROC (Joel Greenblatt) % is 10.45. Biostar Microtech International's value of 73.24% is 601.2% above this industry median. Based on the distribution chart, Biostar Microtech International ranks #1337 out of 2492 companies in the Hardware industry, which is below the industry midpoint. Overall, Biostar Microtech International has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Biostar Microtech International's ROC (Joel Greenblatt) % compare to SNDK and DELL?
According to the Hardware industry distribution chart, Biostar Microtech International ranks #1337 out of 2492 companies for ROC (Joel Greenblatt) %. This places Biostar Microtech International in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 10.45. Biostar Microtech International's value of 73.24% is 601.2% above this benchmark. While the company's 10-year median is 4.58 vs. the industry median of 10.45, Biostar Microtech International 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 10.45, based on 2,492 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. Biostar Microtech International's current ROC (Joel Greenblatt) % of 73.24% is 601.2% 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 Biostar Microtech International and its competitors. For the Hardware industry, the median ROC (Joel Greenblatt) % is 10.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Biostar Microtech International's current ROC (Joel Greenblatt) % is 73.24%, which is 1499% above median its own 10-year median of 4.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Biostar Microtech International stock overvalued right now?
Based on GuruFocus' analysis, Biostar Microtech International (TPE:2399) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$17.31, compared to a current price of NT$38.80 — trading 124.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 73.24%, which is 1499% above median its 10-year median of 4.58 and 601.2% above the Hardware industry median of 10.45. Biostar Microtech International's overall GF Score™ is 51/100 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 Biostar Microtech International (TPE:2399), the current ROC (Joel Greenblatt) % is 73.24% 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 Biostar Microtech International (TPE:2399) Overvalued in 2026?
Based on GuruFocus' analysis, Biostar Microtech International stock appears to be overvalued.
The current stock price of NT$38.80 is trading 124.1% above its estimated GF Value™ of NT$17.31.
GuruFocus considers Biostar Microtech International to be Significantly Overvalued.
Key valuation signals for TPE:2399:
ROC (Joel Greenblatt) %: 73.24% (1499% above median its 10-year median of 4.58)
GF Value™: NT$17.31 vs. price of NT$38.80 (124.1% above fair value)
Industry Position: 601.2% above the Hardware median (#1337 of 2492)
No single metric tells the full story. See the TPE:2399 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Biostar Microtech International Business Description
Biostar Microtech International Corp is engaged in the manufacturing and selling of computer motherboards, industrial computers, and other computer peripheral products. The company's offerings include Industrial computers, motherboards, graphics cards, solid-state drives, memory, and other Peripheral equipment. Its reportable segments are: i) Asia-Pacific Operating Segment: Manufacture of computer mainboards, industrial computers and display cards, and sale of electronic products in the Asia-Pacific area, ii) America Sales Segment: Sale of electronic products in the Americas, and iii) Europe Sales Segment: Sale of electronic products in Europe. The majority of the company's revenue is derived from the Asia-Pacific Operating Segment.
51GF 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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