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Evergreen Aviation TechnologiesTPE:2645 -0.76%69 ROC (Joel Greenblatt) % is 21.80% as of Dec. 2025, which is 35% above its 10-year median of 16.17. GuruFocus rates TPE:2645 with a GF Score™ of 69/100 and a GF Value™ of NT$140.37 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 358 Aerospace & Defense companies, Evergreen Aviation Technologies ranks better than 64.25% 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. Evergreen Aviation Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 21.80%.
The historical rank and industry rank for Evergreen Aviation Technologies's ROC (Joel Greenblatt) % or its related term are showing as below:
TPE:2645'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 9.81 Med: 16.17 Max: 23.33
Current: 23.33
During the past 8 years, Evergreen Aviation Technologies's highest ROC (Joel Greenblatt) % was 23.33%. The lowest was 9.81%. And the median was 16.17%.
TPE:2645's ROC (Joel Greenblatt) % is ranked better than 64.25% of 358
companies
in the Aerospace & Defense industry
Industry Median: 10.72
vs TPE:2645: 23.33
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.
TPE:2645 vs SPCX, GE, RTX: ROC (Joel Greenblatt) % Comparison
For the Aerospace & Defense subindustry, Evergreen Aviation Technologies'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.
Evergreen Aviation Technologies ROC (Joel Greenblatt) % vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Evergreen Aviation Technologies's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Evergreen Aviation Technologies'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 (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 21.80% mean?
Evergreen Aviation Technologies (TPE:2645) has a ROC (Joel Greenblatt) % of 21.80% 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 Evergreen Aviation Technologies and its competitors. This is 35% above median its historical median of 16.17. Over the past decade, Evergreen Aviation Technologies' ROC (Joel Greenblatt) % has ranged from 9.81 to 23.33. According to the industry distribution chart, Evergreen Aviation Technologies ranks #128 out of 358 companies in the Aerospace & Defense industry, placing it in the top 35.8%.
Is Evergreen Aviation Technologies' ROC (Joel Greenblatt) % too high?
Evergreen Aviation Technologies' current ROC (Joel Greenblatt) % of 21.80% is 35% above median its 10-year median of 16.17. Over the past 10 years, this metric has ranged from a low of 9.81 to a high of 23.33. The Aerospace & Defense industry median ROC (Joel Greenblatt) % is 10.72. Evergreen Aviation Technologies' value of 21.80% is 103.4% above this industry median. Based on the distribution chart, Evergreen Aviation Technologies ranks #128 out of 358 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Evergreen Aviation Technologies has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Evergreen Aviation Technologies' ROC (Joel Greenblatt) % compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Evergreen Aviation Technologies ranks #128 out of 358 companies for ROC (Joel Greenblatt) %. This puts Evergreen Aviation Technologies in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 10.72. Evergreen Aviation Technologies' value of 21.80% is 103.4% above this benchmark. Historically, Evergreen Aviation Technologies' own ROC (Joel Greenblatt) % has ranged from 9.81 to 23.33 over the past decade. While the company's 10-year median is 16.17 vs. the industry median of 10.72, Evergreen Aviation Technologies 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 an Aerospace & Defense company?
The median ROC (Joel Greenblatt) % among Aerospace & Defense companies is 10.72, based on 358 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. Evergreen Aviation Technologies's current ROC (Joel Greenblatt) % of 21.80% is 103.4% 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 Evergreen Aviation Technologies and its competitors. For the Aerospace & Defense industry, the median ROC (Joel Greenblatt) % is 10.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Evergreen Aviation Technologies's current ROC (Joel Greenblatt) % is 21.80%, which is 35% above median its own 10-year median of 16.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Evergreen Aviation Technologies stock overvalued right now?
Based on GuruFocus' analysis, Evergreen Aviation Technologies (TPE:2645) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$140.37, compared to a current price of NT$196.50 — trading 40% above its estimated fair value. The current ROC (Joel Greenblatt) % is 21.80%, which is 35% above median its 10-year median of 16.17 and 103.4% above the Aerospace & Defense industry median of 10.72. Evergreen Aviation Technologies' overall GF Score™ is 69/100 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 Evergreen Aviation Technologies (TPE:2645), the current ROC (Joel Greenblatt) % is 21.80% 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 Evergreen Aviation Technologies (TPE:2645) Overvalued in 2026?
Based on GuruFocus' analysis, Evergreen Aviation Technologies stock appears to be overvalued.
The current stock price of NT$196.50 is trading 40% above its estimated GF Value™ of NT$140.37.
GuruFocus considers Evergreen Aviation Technologies to be Significantly Overvalued.
Key valuation signals for TPE:2645:
ROC (Joel Greenblatt) %: 21.80% (35% above median its 10-year median of 16.17)
GF Value™: NT$140.37 vs. price of NT$196.50 (40% above fair value)
Industry Position: 103.4% above the Aerospace & Defense median (#128 of 358)
No single metric tells the full story. See the TPE:2645 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Evergreen Aviation Technologies Business Description
Evergreen Aviation Technologies Corp activities are maintenance, repair and overhaul of airframes, aircraft engines and accessories; manufacture, conversion and sale of airframes and engine parts; technical and management consulting for the preceding items; import and export of the preceding items; civil aviation personnel training; and airport ground handling service. It has two reportable segments Maintenance segment: maintenance of airframes, aircraft engines and accessories; and Manufacturing segment: manufacturing, processing and selling of aircraft engines and accessories. It generates majority of revenue from Maintenance segment. It has presence in Taiwan, Asia, North America, and Europe. The company generates majority of revenue from Taiwan.
69GF Score
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