Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
IEI IntegrationTPE:3022 +1.43%81 ROC (Joel Greenblatt) % is 24.28% as of Mar. 2026, which is 79% below its 10-year median of 114.10. GuruFocus rates TPE:3022 with a GF Score™ of 81/100 and a GF Value™ of NT$75.91 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 2,492 Hardware companies, IEI Integration ranks better than 86.04% 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. IEI Integration's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 24.28%.
The historical rank and industry rank for IEI Integration's ROC (Joel Greenblatt) % or its related term are showing as below:
TPE:3022'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 28.83 Med: 114.1 Max: 143.82
Current: 28.83
During the past 13 years, IEI Integration's highest ROC (Joel Greenblatt) % was 143.82%. The lowest was 28.83%. And the median was 114.10%.
TPE:3022's ROC (Joel Greenblatt) % is ranked better than 86.04% of 2492
companies
in the Hardware industry
Industry Median: 10.445
vs TPE:3022: 28.83
IEI Integration's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -9.00% 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.
IEI Integration ROC (Joel Greenblatt) % Related Terms
IEI Integration ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for IEI Integration'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:3022 vs SNDK, DELL, STX: ROC (Joel Greenblatt) % Comparison
For the Computer Hardware subindustry, IEI Integration'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.
IEI Integration ROC (Joel Greenblatt) % vs Hardware Industry
For the Hardware industry and Technology sector, IEI Integration's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where IEI Integration'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 24.28% mean?
IEI Integration (TPE:3022) has a ROC (Joel Greenblatt) % of 24.28% 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 IEI Integration and its competitors. This is 79% below median its historical median of 114.10. Over the past decade, IEI Integration's ROC (Joel Greenblatt) % has ranged from 28.83 to 143.82. According to the industry distribution chart, IEI Integration ranks #348 out of 2492 companies in the Hardware industry, placing it in the top 14%.
Is IEI Integration's ROC (Joel Greenblatt) % too high?
IEI Integration's current ROC (Joel Greenblatt) % of 24.28% is 79% below median its 10-year median of 114.10. Over the past 10 years, this metric has ranged from a low of 28.83 to a high of 143.82. The Hardware industry median ROC (Joel Greenblatt) % is 10.45. IEI Integration's value of 24.28% is 132.5% above this industry median. Based on the distribution chart, IEI Integration ranks #348 out of 2492 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, IEI Integration has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does IEI Integration's ROC (Joel Greenblatt) % compare to SNDK and DELL?
According to the Hardware industry distribution chart, IEI Integration ranks #348 out of 2492 companies for ROC (Joel Greenblatt) %. This places IEI Integration in the top 14% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 10.45. IEI Integration's value of 24.28% is 132.5% above this benchmark. Historically, IEI Integration's own ROC (Joel Greenblatt) % has ranged from 28.83 to 143.82 over the past decade. While the company's 10-year median is 114.10 vs. the industry median of 10.45, IEI Integration 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 10.45, based on 2,492 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. IEI Integration's current ROC (Joel Greenblatt) % of 24.28% is 132.5% 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 IEI Integration and its competitors. For the Hardware industry, the median ROC (Joel Greenblatt) % is 10.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IEI Integration's current ROC (Joel Greenblatt) % is 24.28%, which is 79% below median its own 10-year median of 114.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IEI Integration stock overvalued right now?
Based on GuruFocus' analysis, IEI Integration (TPE:3022) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$75.91, compared to a current price of NT$92.20 — trading 21.5% above its estimated fair value. The current ROC (Joel Greenblatt) % is 24.28%, which is 79% below median its 10-year median of 114.10 and 132.5% above the Hardware industry median of 10.45. IEI Integration's overall GF Score™ is 81/100 with 8 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 IEI Integration (TPE:3022), the current ROC (Joel Greenblatt) % is 24.28% 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 IEI Integration (TPE:3022) Overvalued in 2026?
Based on GuruFocus' analysis, IEI Integration stock appears to be overvalued.
The current stock price of NT$92.20 is trading 21.5% above its estimated GF Value™ of NT$75.91.
GuruFocus considers IEI Integration to be Modestly Overvalued.
Key valuation signals for TPE:3022:
ROC (Joel Greenblatt) %: 24.28% (79% below median its 10-year median of 114.10)
GF Value™: NT$75.91 vs. price of NT$92.20 (21.5% above fair value)
Industry Position: 132.5% above the Hardware median (#348 of 2492)
No single metric tells the full story. See the TPE:3022 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IEI Integration Corp is engaged in the manufacturing and sales of computers, computer components and peripherals, and related trading. The company has three reportable segments: Order-taking, Design and Brand Sales; Product Manufacturing; and China Brand Sales, which offer different products and services. The Order-taking, Design and Brand Sales segment customizes product designs according to different customer needs, and operates brand channels for industrial computer products. The Product Manufacturing segment is engaged in OEM and branded product manufacturing. The China Brand Sales segment is responsible for brand marketing channels in Mainland China. The majority of revenue is derived from the Order-taking, Design, and Brand Sales segment.
81GF Score
Get the complete analysis for TPE:3022
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TPE:3022 has been successfully added to your 
