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President Chain StoreTPE:2912 +0.21%92 ROC (Joel Greenblatt) % is 10.46% as of Dec. 2025, which is 30% below its 10-year median of 14.94. GuruFocus rates TPE:2912 with a GF Score™ of 92/100 and a GF Value™ of NT$306.38 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 311 Retail - Defensive companies, President Chain Store ranks worse than 54.98% 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 Chain Store's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 10.46%.
The historical rank and industry rank for President Chain Store's ROC (Joel Greenblatt) % or its related term are showing as below:
TPE:2912'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 12.45 Med: 14.94 Max: 175.33
Current: 12.45
During the past 13 years, President Chain Store's highest ROC (Joel Greenblatt) % was 175.33%. The lowest was 12.45%. And the median was 14.94%.
TPE:2912's ROC (Joel Greenblatt) % is ranked worse than 54.98% of 311
companies
in the Retail - Defensive industry
Industry Median: 13.63
vs TPE:2912: 12.45
President Chain Store's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -1.80% per year.
President Chain Store (TPE:2912) 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 Chain Store ROC (Joel Greenblatt) % Related Terms
President Chain Store ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for President Chain Store'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 Chain Store ROC (Joel Greenblatt) % Chart
TPE:2912 vs KR, SFM: ROC (Joel Greenblatt) % Comparison
For the Grocery Stores subindustry, President Chain Store'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 Chain Store ROC (Joel Greenblatt) % vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, President Chain Store's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where President Chain Store's ROC (Joel Greenblatt) % falls into.
President Chain Store 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 10.46% mean?
President Chain Store (TPE:2912) has a ROC (Joel Greenblatt) % of 10.46% 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 Chain Store and its competitors. This is 30% below median its historical median of 14.94. Over the past decade, President Chain Store's ROC (Joel Greenblatt) % has ranged from 12.45 to 175.33. According to the industry distribution chart, President Chain Store ranks #171 out of 311 companies in the Retail - Defensive industry, placing it in the top 55%.
Is President Chain Store's ROC (Joel Greenblatt) % too high?
President Chain Store's current ROC (Joel Greenblatt) % of 10.46% is 30% below median its 10-year median of 14.94. Over the past 10 years, this metric has ranged from a low of 12.45 to a high of 175.33. The Retail - Defensive industry median ROC (Joel Greenblatt) % is 13.63. President Chain Store's value of 10.46% is 23.3% below this industry median. Based on the distribution chart, President Chain Store ranks #171 out of 311 companies in the Retail - Defensive industry, which is below the industry midpoint. Overall, President Chain Store has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does President Chain Store's ROC (Joel Greenblatt) % compare to KR and SFM?
According to the Retail - Defensive industry distribution chart, President Chain Store ranks #171 out of 311 companies for ROC (Joel Greenblatt) %. This places President Chain Store in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 13.63. President Chain Store's value of 10.46% is 23.3% below this benchmark. Historically, President Chain Store's own ROC (Joel Greenblatt) % has ranged from 12.45 to 175.33 over the past decade. While the company's 10-year median is 14.94 vs. the industry median of 13.63, President Chain Store 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 Retail - Defensive company?
The median ROC (Joel Greenblatt) % among Retail - Defensive companies is 13.63, based on 311 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 Chain Store's current ROC (Joel Greenblatt) % of 10.46% is 23.3% 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 President Chain Store and its competitors. For the Retail - Defensive industry, the median ROC (Joel Greenblatt) % is 13.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. President Chain Store's current ROC (Joel Greenblatt) % is 10.46%, which is 30% below median its own 10-year median of 14.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is President Chain Store stock overvalued right now?
Based on GuruFocus' analysis, President Chain Store (TPE:2912) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$306.38, compared to a current price of NT$243.50 — trading 20.5% below its estimated fair value. The current ROC (Joel Greenblatt) % is 10.46%, which is 30% below median its 10-year median of 14.94 and 23.3% below the Retail - Defensive industry median of 13.63. President Chain Store's overall GF Score™ is 92/100 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 President Chain Store (TPE:2912), the current ROC (Joel Greenblatt) % is 10.46% 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 Chain Store (TPE:2912) Overvalued in 2026?
Based on GuruFocus' analysis, President Chain Store stock appears to be undervalued.
The current stock price of NT$243.50 is trading 20.5% below its estimated GF Value™ of NT$306.38.
GuruFocus considers President Chain Store to be Modestly Undervalued.
Key valuation signals for TPE:2912:
ROC (Joel Greenblatt) %: 10.46% (30% below median its 10-year median of 14.94)
GF Value™: NT$306.38 vs. price of NT$243.50 (20.5% below fair value)
Industry Position: 23.3% below the Retail - Defensive median (#171 of 311)
No single metric tells the full story. See the TPE:2912 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
President Chain Store Corporation, along with its subsidiaries, is engaged in managing convenience stores, restaurants, drugstores, department stores, supermarkets, and online shopping stores under different brands. Its offerings include food, beverages, coffee, daily commodities, cosmetics and health care products. The group operates in Taiwan, Mainland China, the Philippines, and Japan. Its reportable segments are Convenience stores, Retail business group, Logistics business group, and Others. The majority of the company's revenue is derived from the Convenience Stores segment. Geographically, the company derives the maximum revenue from Taiwan, followed by other regions.
92GF Score
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