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Shin Shin CoTPE:2901 -0.42%85 ROC (Joel Greenblatt) % is 12.95% as of Dec. 2025, which is 45% above its 10-year median of 8.93. GuruFocus rates TPE:2901 with a GF Score™ of 85/100 and a GF Value™ of NT$27.46 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,128 Retail - Cyclical companies, Shin Shin Co ranks worse than 53.99% 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. Shin Shin Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 12.95%.
The historical rank and industry rank for Shin Shin Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TPE:2901'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.48 Med: 8.93 Max: 10.46
Current: 9.76
During the past 13 years, Shin Shin Co's highest ROC (Joel Greenblatt) % was 10.46%. The lowest was 1.48%. And the median was 8.93%.
TPE:2901's ROC (Joel Greenblatt) % is ranked worse than 53.99% of 1128
companies
in the Retail - Cyclical industry
Industry Median: 11.6
vs TPE:2901: 9.76
Shin Shin Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 34.40% per year.
Shin Shin Co (TPE:2901) 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.
Shin Shin Co ROC (Joel Greenblatt) % Related Terms
Shin Shin Co ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Shin Shin 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.
TPE:2901 vs DDS, M: ROC (Joel Greenblatt) % Comparison
For the Department Stores subindustry, Shin Shin 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.
Shin Shin Co ROC (Joel Greenblatt) % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Shin Shin Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Shin Shin Co'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 12.95% mean?
Shin Shin Co (TPE:2901) has a ROC (Joel Greenblatt) % of 12.95% 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 Shin Shin Co and its competitors. This is 45% above median its historical median of 8.93. Over the past decade, Shin Shin Co's ROC (Joel Greenblatt) % has ranged from 1.48 to 10.46. According to the industry distribution chart, Shin Shin Co ranks #609 out of 1128 companies in the Retail - Cyclical industry, placing it in the top 54%.
Is Shin Shin Co's ROC (Joel Greenblatt) % too high?
Shin Shin Co's current ROC (Joel Greenblatt) % of 12.95% is 45% above median its 10-year median of 8.93. Over the past 10 years, this metric has ranged from a low of 1.48 to a high of 10.46. The Retail - Cyclical industry median ROC (Joel Greenblatt) % is 11.60. Shin Shin Co's value of 12.95% is 11.6% above this industry median. Based on the distribution chart, Shin Shin Co ranks #609 out of 1128 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Shin Shin Co has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shin Shin Co's ROC (Joel Greenblatt) % compare to DDS and M?
According to the Retail - Cyclical industry distribution chart, Shin Shin Co ranks #609 out of 1128 companies for ROC (Joel Greenblatt) %. This places Shin Shin Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 11.60. Shin Shin Co's value of 12.95% is 11.6% above this benchmark. Historically, Shin Shin Co's own ROC (Joel Greenblatt) % has ranged from 1.48 to 10.46 over the past decade. While the company's 10-year median is 8.93 vs. the industry median of 11.60, Shin Shin 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 Retail - Cyclical company?
The median ROC (Joel Greenblatt) % among Retail - Cyclical companies is 11.60, based on 1,128 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. Shin Shin Co's current ROC (Joel Greenblatt) % of 12.95% is 11.6% 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 Shin Shin Co and its competitors. For the Retail - Cyclical industry, the median ROC (Joel Greenblatt) % is 11.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shin Shin Co's current ROC (Joel Greenblatt) % is 12.95%, which is 45% above median its own 10-year median of 8.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shin Shin Co stock overvalued right now?
Based on GuruFocus' analysis, Shin Shin Co (TPE:2901) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$27.46, compared to a current price of NT$23.95 — trading 12.8% below its estimated fair value. The current ROC (Joel Greenblatt) % is 12.95%, which is 45% above median its 10-year median of 8.93 and 11.6% above the Retail - Cyclical industry median of 11.60. Shin Shin Co's overall GF Score™ is 85/100 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 Shin Shin Co (TPE:2901), the current ROC (Joel Greenblatt) % is 12.95% 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 Shin Shin Co (TPE:2901) Overvalued in 2026?
Based on GuruFocus' analysis, Shin Shin Co stock appears to be undervalued.
The current stock price of NT$23.95 is trading 12.8% below its estimated GF Value™ of NT$27.46.
GuruFocus considers Shin Shin Co to be Modestly Undervalued.
Key valuation signals for TPE:2901:
ROC (Joel Greenblatt) %: 12.95% (45% above median its 10-year median of 8.93)
GF Value™: NT$27.46 vs. price of NT$23.95 (12.8% below fair value)
Industry Position: 11.6% above the Retail - Cyclical median (#609 of 1128)
No single metric tells the full story. See the TPE:2901 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shin Shin Co Ltd is engaged in business operations including supermarkets, department store retailing, cinemas, parking lots, and property leasing. Maximum of its revenue is generated from Department store.
85GF Score
Get the complete analysis for TPE:2901
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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