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Highwealth ConstructionTPE:2542 -0.79%81 ROC (Joel Greenblatt) % is 9.27% as of Mar. 2026, which is 51% above its 10-year median of 6.12. GuruFocus rates TPE:2542 with a GF Score™ of 81/100 and a GF Value™ of NT$54.56 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,749 Real Estate companies, Highwealth Construction ranks worse than 61.46% 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. Highwealth Construction's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 9.27%.
The historical rank and industry rank for Highwealth Construction's ROC (Joel Greenblatt) % or its related term are showing as below:
TPE:2542'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.93 Med: 6.12 Max: 12.26
Current: 6.63
During the past 13 years, Highwealth Construction's highest ROC (Joel Greenblatt) % was 12.26%. The lowest was 3.93%. And the median was 6.12%.
TPE:2542's ROC (Joel Greenblatt) % is ranked worse than 61.46% of 1749
companies
in the Real Estate industry
Industry Median: 13
vs TPE:2542: 6.63
Highwealth Construction's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.30% per year.
Highwealth Construction (TPE:2542) 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.
Highwealth Construction ROC (Joel Greenblatt) % Related Terms
Highwealth Construction ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Highwealth Construction'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.
Highwealth Construction ROC (Joel Greenblatt) % Chart
Highwealth Construction ROC (Joel Greenblatt) % Competitor Comparison
For the Real Estate - Development subindustry, Highwealth Construction'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.
Highwealth Construction ROC (Joel Greenblatt) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Highwealth Construction's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Highwealth Construction's ROC (Joel Greenblatt) % falls into.
Highwealth Construction 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 9.27% mean?
Highwealth Construction (TPE:2542) has a ROC (Joel Greenblatt) % of 9.27% 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 Highwealth Construction and its competitors. This is 51% above median its historical median of 6.12. Over the past decade, Highwealth Construction's ROC (Joel Greenblatt) % has ranged from 3.93 to 12.26. According to the industry distribution chart, Highwealth Construction ranks #1075 out of 1749 companies in the Real Estate industry, placing it in the top 61.5%.
Is Highwealth Construction's ROC (Joel Greenblatt) % too high?
Highwealth Construction's current ROC (Joel Greenblatt) % of 9.27% is 51% above median its 10-year median of 6.12. Over the past 10 years, this metric has ranged from a low of 3.93 to a high of 12.26. The Real Estate industry median ROC (Joel Greenblatt) % is 13.00. Highwealth Construction's value of 9.27% is 28.7% below this industry median. Based on the distribution chart, Highwealth Construction ranks #1075 out of 1749 companies in the Real Estate industry, which is below the industry midpoint. Overall, Highwealth Construction has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Highwealth Construction's ROC (Joel Greenblatt) % compare to competitors?
According to the Real Estate industry distribution chart, Highwealth Construction ranks #1075 out of 1749 companies for ROC (Joel Greenblatt) %. This places Highwealth Construction in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 13.00. Highwealth Construction's value of 9.27% is 28.7% below this benchmark. Historically, Highwealth Construction's own ROC (Joel Greenblatt) % has ranged from 3.93 to 12.26 over the past decade. While the company's 10-year median is 6.12 vs. the industry median of 13.00, Highwealth Construction has consistently been below 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 Real Estate company?
The median ROC (Joel Greenblatt) % among Real Estate companies is 13.00, based on 1,749 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. Highwealth Construction's current ROC (Joel Greenblatt) % of 9.27% is 28.7% below 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 Highwealth Construction and its competitors. For the Real Estate industry, the median ROC (Joel Greenblatt) % is 13.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Highwealth Construction's current ROC (Joel Greenblatt) % is 9.27%, which is 51% above median its own 10-year median of 6.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Highwealth Construction stock overvalued right now?
Based on GuruFocus' analysis, Highwealth Construction (TPE:2542) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$54.56, compared to a current price of NT$44.00 — trading 19.4% below its estimated fair value. The current ROC (Joel Greenblatt) % is 9.27%, which is 51% above median its 10-year median of 6.12 and 28.7% below the Real Estate industry median of 13.00. Highwealth Construction's overall GF Score™ is 81/100 with 7 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 Highwealth Construction (TPE:2542), the current ROC (Joel Greenblatt) % is 9.27% 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 Highwealth Construction (TPE:2542) Overvalued in 2026?
Based on GuruFocus' analysis, Highwealth Construction stock appears to be undervalued.
The current stock price of NT$44.00 is trading 19.4% below its estimated GF Value™ of NT$54.56.
GuruFocus considers Highwealth Construction to be Modestly Undervalued.
Key valuation signals for TPE:2542:
ROC (Joel Greenblatt) %: 9.27% (51% above median its 10-year median of 6.12)
GF Value™: NT$54.56 vs. price of NT$44.00 (19.4% below fair value)
Industry Position: 28.7% below the Real Estate median (#1075 of 1749)
No single metric tells the full story. See the TPE:2542 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Highwealth Construction Corp is engaged in the business of construction sales, and leasing of residential and commercial buildings. Geographically the activities are carried out in Taiwan. The firm has three segments: Developing; Constructing, Hotel and other divisions. The developing segment that derives the majority of revenue is responsible for developing new construction or rental opportunities. Constructing segment is responsible for constructing buildings. Department stores and hotel segment operates hotels, catering services, and other business operations. The Groups revenues are all generated from domestic business.
81GF Score
Get the complete analysis for TPE:2542
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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