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Fsp TechnologyTPE:3015 -3.02%73 ROC (Joel Greenblatt) % is 9.46% as of Dec. 2025, which is 57% below its 10-year median of 21.99. GuruFocus rates TPE:3015 with a GF Score™ of 73/100 and a GF Value™ of NT$55.41 (Fairly Valued). The stock has 6 warning signs investors should review. Among 3,066 Industrial Products companies, Fsp Technology ranks better than 61.25% 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. Fsp Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 9.46%.
The historical rank and industry rank for Fsp Technology's ROC (Joel Greenblatt) % or its related term are showing as below:
TPE:3015'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.58 Med: 21.99 Max: 33.15
Current: 17.5
During the past 13 years, Fsp Technology's highest ROC (Joel Greenblatt) % was 33.15%. The lowest was 3.58%. And the median was 21.99%.
TPE:3015's ROC (Joel Greenblatt) % is ranked better than 61.25% of 3066
companies
in the Industrial Products industry
Industry Median: 11.745
vs TPE:3015: 17.50
Fsp Technology's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -11.20% per year.
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.
Fsp Technology ROC (Joel Greenblatt) % Related Terms
Fsp Technology ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Fsp Technology'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:3015 vs VRT, BE: ROC (Joel Greenblatt) % Comparison
For the Electrical Equipment & Parts subindustry, Fsp 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.
Fsp Technology ROC (Joel Greenblatt) % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Fsp Technology's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Fsp 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 (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 9.46% mean?
Fsp Technology (TPE:3015) has a ROC (Joel Greenblatt) % of 9.46% 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 Fsp Technology and its competitors. This is 57% below median its historical median of 21.99. Over the past decade, Fsp Technology's ROC (Joel Greenblatt) % has ranged from 3.58 to 33.15. According to the industry distribution chart, Fsp Technology ranks #1188 out of 3066 companies in the Industrial Products industry, placing it in the top 38.7%.
Is Fsp Technology's ROC (Joel Greenblatt) % too high?
Fsp Technology's current ROC (Joel Greenblatt) % of 9.46% is 57% below median its 10-year median of 21.99. Over the past 10 years, this metric has ranged from a low of 3.58 to a high of 33.15. The Industrial Products industry median ROC (Joel Greenblatt) % is 11.75. Fsp Technology's value of 9.46% is 19.5% below this industry median. Based on the distribution chart, Fsp Technology ranks #1188 out of 3066 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Fsp Technology has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fsp Technology's ROC (Joel Greenblatt) % compare to VRT and BE?
According to the Industrial Products industry distribution chart, Fsp Technology ranks #1188 out of 3066 companies for ROC (Joel Greenblatt) %. This puts Fsp Technology in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.75. Fsp Technology's value of 9.46% is 19.5% below this benchmark. Historically, Fsp Technology's own ROC (Joel Greenblatt) % has ranged from 3.58 to 33.15 over the past decade. While the company's 10-year median is 21.99 vs. the industry median of 11.75, Fsp Technology 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 an Industrial Products company?
The median ROC (Joel Greenblatt) % among Industrial Products companies is 11.75, based on 3,066 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. Fsp Technology's current ROC (Joel Greenblatt) % of 9.46% is 19.5% 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 Fsp Technology and its competitors. For the Industrial Products industry, the median ROC (Joel Greenblatt) % is 11.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fsp Technology's current ROC (Joel Greenblatt) % is 9.46%, which is 57% below median its own 10-year median of 21.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fsp Technology stock overvalued right now?
Based on GuruFocus' analysis, Fsp Technology (TPE:3015) is currently considered Fairly Valued. The stock's GF Value™ is NT$55.41, compared to a current price of NT$54.50 — trading 1.6% below its estimated fair value. The current ROC (Joel Greenblatt) % is 9.46%, which is 57% below median its 10-year median of 21.99 and 19.5% below the Industrial Products industry median of 11.75. Fsp Technology's overall GF Score™ is 73/100 with 6 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 Fsp Technology (TPE:3015), the current ROC (Joel Greenblatt) % is 9.46% 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 Fsp Technology (TPE:3015) Overvalued in 2026?
Based on GuruFocus' analysis, Fsp Technology stock appears to be undervalued.
The current stock price of NT$54.50 is trading 1.6% below its estimated GF Value™ of NT$55.41.
GuruFocus considers Fsp Technology to be Fairly Valued.
Key valuation signals for TPE:3015:
ROC (Joel Greenblatt) %: 9.46% (57% below median its 10-year median of 21.99)
GF Value™: NT$55.41 vs. price of NT$54.50 (1.6% below fair value)
Industry Position: 19.5% below the Industrial Products median (#1188 of 3066)
No single metric tells the full story. See the TPE:3015 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fsp Technology Inc is a Taiwan-based power supply manufacturer. The company is mainly engaged in the manufacturing, processing and trading of power supplies and various electronic components. Its product portfolio comprises PC PSU, adapter, open frame, IPC PSU, medical PSU, PV inverter, UPS, and energy storage system. The company has an operational footprint across Taiwan, China, the United States of America, Germany, and other countries.
73GF Score
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