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Chenming Electronic TechnologyTPE:3013 -1.11%82 ROC (Joel Greenblatt) % is 32.33% as of Mar. 2026, which is 256% above its 10-year median of 9.08. GuruFocus rates TPE:3013 with a GF Score™ of 82/100 and a GF Value™ of NT$146.07 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 2,491 Hardware companies, Chenming Electronic Technology ranks better than 77.36% 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. Chenming Electronic Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 32.33%.
The historical rank and industry rank for Chenming Electronic Technology's ROC (Joel Greenblatt) % or its related term are showing as below:
TPE:3013'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -2.84 Med: 9.08 Max: 29.91
Current: 29.91
During the past 13 years, Chenming Electronic Technology's highest ROC (Joel Greenblatt) % was 29.91%. The lowest was -2.84%. And the median was 9.08%.
TPE:3013's ROC (Joel Greenblatt) % is ranked better than 77.36% of 2491
companies
in the Hardware industry
Industry Median: 10.44
vs TPE:3013: 29.91
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:3013 vs SNDK, DELL, STX: ROC (Joel Greenblatt) % Comparison
For the Computer Hardware subindustry, Chenming Electronic Technology'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.
Chenming Electronic Technology ROC (Joel Greenblatt) % vs Hardware Industry
For the Hardware industry and Technology sector, Chenming Electronic Technology's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Chenming Electronic Technology'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 (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 32.33% mean?
Chenming Electronic Technology (TPE:3013) has a ROC (Joel Greenblatt) % of 32.33% 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 Chenming Electronic Technology and its competitors. This is 256% above median its historical median of 9.08. According to the industry distribution chart, Chenming Electronic Technology ranks #564 out of 2491 companies in the Hardware industry, placing it in the top 22.6%.
Is Chenming Electronic Technology's ROC (Joel Greenblatt) % too high?
Chenming Electronic Technology's current ROC (Joel Greenblatt) % of 32.33% is 256% above median its 10-year median of 9.08. The Hardware industry median ROC (Joel Greenblatt) % is 10.44. Chenming Electronic Technology's value of 32.33% is 209.7% above this industry median. Based on the distribution chart, Chenming Electronic Technology ranks #564 out of 2491 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Chenming Electronic Technology has a GF Score™ of 82/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Chenming Electronic Technology's ROC (Joel Greenblatt) % compare to SNDK and DELL?
According to the Hardware industry distribution chart, Chenming Electronic Technology ranks #564 out of 2491 companies for ROC (Joel Greenblatt) %. This places Chenming Electronic Technology in the top 23% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 10.44. Chenming Electronic Technology's value of 32.33% is 209.7% above this benchmark. While the company's 10-year median is 9.08 vs. the industry median of 10.44, Chenming Electronic Technology 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 Hardware company?
The median ROC (Joel Greenblatt) % among Hardware companies is 10.44, based on 2,491 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. Chenming Electronic Technology's current ROC (Joel Greenblatt) % of 32.33% is 209.7% 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 Chenming Electronic Technology and its competitors. For the Hardware industry, the median ROC (Joel Greenblatt) % is 10.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chenming Electronic Technology's current ROC (Joel Greenblatt) % is 32.33%, which is 256% above median its own 10-year median of 9.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chenming Electronic Technology stock overvalued right now?
Based on GuruFocus' analysis, Chenming Electronic Technology (TPE:3013) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$146.07, compared to a current price of NT$88.70 — trading 39.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is 32.33%, which is 256% above median its 10-year median of 9.08 and 209.7% above the Hardware industry median of 10.44. Chenming Electronic Technology's overall GF Score™ is 82/100 with 1 warning sign 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 Chenming Electronic Technology (TPE:3013), the current ROC (Joel Greenblatt) % is 32.33% 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 Chenming Electronic Technology (TPE:3013) Overvalued in 2026?
Based on GuruFocus' analysis, Chenming Electronic Technology stock appears to be undervalued.
The current stock price of NT$88.70 is trading 39.3% below its estimated GF Value™ of NT$146.07.
GuruFocus considers Chenming Electronic Technology to be Significantly Undervalued.
Key valuation signals for TPE:3013:
ROC (Joel Greenblatt) %: 32.33% (256% above median its 10-year median of 9.08)
GF Value™: NT$146.07 vs. price of NT$88.70 (39.3% below fair value)
Industry Position: 209.7% above the Hardware median (#564 of 2491)
No single metric tells the full story. See the TPE:3013 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chenming Electronic Technology Business Description
Chenming Electronic Technology Corp is engaged in the manufacturing, research and development, and sale of server cases and computer cases. Geographically, it operates in China, Taiwan, the USA, and other countries. It generates the majority of its revenue from the USA, followed by Taiwan. The group has only one operating segment, which produces computer and mobile device components.
82GF Score
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