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President SecuritiesTPE:2855 +0.34%77 ROC (Joel Greenblatt) % is 384.12% as of Dec. 2025, which is 173% above its 10-year median of 140.82. GuruFocus rates TPE:2855 with a GF Score™ of 77/100 and a GF Value™ of NT$26.15 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 678 Capital Markets companies, President Securities ranks better than 76.84% 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. President Securities's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 384.12%.
The historical rank and industry rank for President Securities's ROC (Joel Greenblatt) % or its related term are showing as below:
TPE:2855'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 42.64 Med: 140.82 Max: 247.25
Current: 247.25
During the past 13 years, President Securities's highest ROC (Joel Greenblatt) % was 247.25%. The lowest was 42.64%. And the median was 140.82%.
TPE:2855's ROC (Joel Greenblatt) % is ranked better than 76.84% of 678
companies
in the Capital Markets industry
Industry Median: 34.64
vs TPE:2855: 247.25
President Securities's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 12.70% per year.
President Securities (TPE:2855) 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.
President Securities ROC (Joel Greenblatt) % Related Terms
President Securities ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for President Securities'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.
President Securities ROC (Joel Greenblatt) % Chart
TPE:2855 vs MS, GS, SCHW: ROC (Joel Greenblatt) % Comparison
For the Capital Markets subindustry, President Securities'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.
President Securities ROC (Joel Greenblatt) % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, President Securities's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where President Securities's ROC (Joel Greenblatt) % falls into.
President Securities 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 384.12% mean?
President Securities (TPE:2855) has a ROC (Joel Greenblatt) % of 384.12% 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 President Securities and its competitors. This is 173% above median its historical median of 140.82. Over the past decade, President Securities' ROC (Joel Greenblatt) % has ranged from 42.64 to 247.25. According to the industry distribution chart, President Securities ranks #157 out of 678 companies in the Capital Markets industry, placing it in the top 23.2%.
Is President Securities' ROC (Joel Greenblatt) % too high?
President Securities' current ROC (Joel Greenblatt) % of 384.12% is 173% above median its 10-year median of 140.82. Over the past 10 years, this metric has ranged from a low of 42.64 to a high of 247.25. The Capital Markets industry median ROC (Joel Greenblatt) % is 34.64. President Securities' value of 384.12% is 1008.9% above this industry median. Based on the distribution chart, President Securities ranks #157 out of 678 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, President Securities has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does President Securities' ROC (Joel Greenblatt) % compare to MS and GS?
According to the Capital Markets industry distribution chart, President Securities ranks #157 out of 678 companies for ROC (Joel Greenblatt) %. This places President Securities in the top 23% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 34.64. President Securities' value of 384.12% is 1008.9% above this benchmark. Historically, President Securities' own ROC (Joel Greenblatt) % has ranged from 42.64 to 247.25 over the past decade. While the company's 10-year median is 140.82 vs. the industry median of 34.64, President Securities 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 Capital Markets company?
The median ROC (Joel Greenblatt) % among Capital Markets companies is 34.64, based on 678 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. President Securities's current ROC (Joel Greenblatt) % of 384.12% is 1008.9% 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 President Securities and its competitors. For the Capital Markets industry, the median ROC (Joel Greenblatt) % is 34.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. President Securities's current ROC (Joel Greenblatt) % is 384.12%, which is 173% above median its own 10-year median of 140.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is President Securities stock overvalued right now?
Based on GuruFocus' analysis, President Securities (TPE:2855) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$26.15, compared to a current price of NT$44.65 — trading 70.7% above its estimated fair value. The current ROC (Joel Greenblatt) % is 384.12%, which is 173% above median its 10-year median of 140.82 and 1008.9% above the Capital Markets industry median of 34.64. President Securities' overall GF Score™ is 77/100 with 10 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 President Securities (TPE:2855), the current ROC (Joel Greenblatt) % is 384.12% 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 President Securities (TPE:2855) Overvalued in 2026?
Based on GuruFocus' analysis, President Securities stock appears to be overvalued.
The current stock price of NT$44.65 is trading 70.7% above its estimated GF Value™ of NT$26.15.
GuruFocus considers President Securities to be Significantly Overvalued.
Key valuation signals for TPE:2855:
ROC (Joel Greenblatt) %: 384.12% (173% above median its 10-year median of 140.82)
GF Value™: NT$26.15 vs. price of NT$44.65 (70.7% above fair value)
Industry Position: 1008.9% above the Capital Markets median (#157 of 678)
No single metric tells the full story. See the TPE:2855 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
President Securities Corp engaged in underwriting of securities, dealing or brokerage business of securities at the securities exchange markets and business premises, registration and transfer agency service for securities, margin loans and short sales business of securities, securities lending and borrowing business, futures introducing brokerage services, futures dealing, issuance of call (put) warrants, wealth management business, and trust business. Its operating segments include Brokerage, Proprietary Trading, Financial Instrument, and Reinvestment segments, with the Brokerage segment generating maximum revenue from consigned trading of the listed securities, margin trading, and short sale, assistance in futures trading, and other instruments trading, as approved by the regulations.
77GF Score
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