Global View Co (TPE:3040) ROC (Joel Greenblatt) %: 18.53% (As of Mar. 2026) — 83% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

TPE:3040 Global View Co Ltd TPE:3040
75 GF Score
Price NT$35.80
GF Value NT$41.14
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Global View Co ROC (Joel Greenblatt) %?

Global View Co TPE:3040 +0.85% 75 ROC (Joel Greenblatt) % is 18.53% as of Mar. 2026, which is 83% below its 10-year median of 106.54. GuruFocus rates TPE:3040 with a GF Score™ of 75/100 and a GF Value™ of NT$41.14 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,490 Hardware companies, Global View Co ranks worse than 50.96% 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. Global View Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 18.53%.

The historical rank and industry rank for Global View Co's ROC (Joel Greenblatt) % or its related term are showing as below:

TPE:3040' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 9.95   Med: 106.54   Max: 1250.35
Current: 9.95

During the past 13 years, Global View Co's highest ROC (Joel Greenblatt) % was 1250.35%. The lowest was 9.95%. And the median was 106.54%.

TPE:3040's ROC (Joel Greenblatt) % is ranked worse than
50.96% of 2490 companies
in the Hardware industry
Industry Median: 10.51 vs TPE:3040: 9.95

Global View Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -26.60% per year.


Global View Co  (TPE:3040) 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.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


Global View Co ROC (Joel Greenblatt) % Related Terms


Global View Co ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Global View 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.

Global View Co ROC (Joel Greenblatt) % Chart

Global View Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 53.90 116.16 87.51 66.06 34.69

Global View Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 157.13 -8.58 19.14 6.10 18.53

TPE:3040 vs AAPL: ROC (Joel Greenblatt) % Comparison

For the Consumer Electronics subindustry, Global View 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.


Global View Co ROC (Joel Greenblatt) % vs Hardware Industry

For the Hardware industry and Technology sector, Global View Co's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Global View Co's ROC (Joel Greenblatt) % falls into.


TPE:3040
75GF Score
Global View Co Ltd TPE:3040
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Global View Co 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:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

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.

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.353 + 20.048 + 14.059) - (33.394 + 0 + 13.384)
=-11.318

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2.665 + 24.05 + 21.796) - (36.442 + 0 + 25.992)
=-13.923

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Global View Co for the quarter that ended in Mar. 2026 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=38.012/( ( (204.863 + max(-11.318, 0)) + (205.382 + max(-13.923, 0)) )/ 2 )
=38.012/( ( 204.863 + 205.382 )/ 2 )
=38.012/205.1225
=18.53 %

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 18.53% mean?
Global View Co (TPE:3040) has a ROC (Joel Greenblatt) % of 18.53% 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 Global View Co and its competitors. This is 83% below median its historical median of 106.54. Over the past decade, Global View Co's ROC (Joel Greenblatt) % has ranged from 9.95 to 1,250.35. According to the industry distribution chart, Global View Co ranks #1269 out of 2490 companies in the Hardware industry, placing it in the top 51%.
Is Global View Co's ROC (Joel Greenblatt) % too high?
Global View Co's current ROC (Joel Greenblatt) % of 18.53% is 83% below median its 10-year median of 106.54. Over the past 10 years, this metric has ranged from a low of 9.95 to a high of 1,250.35. The Hardware industry median ROC (Joel Greenblatt) % is 10.51. Global View Co's value of 18.53% is 76.3% above this industry median. Based on the distribution chart, Global View Co ranks #1269 out of 2490 companies in the Hardware industry, which is below the industry midpoint. Overall, Global View Co has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Global View Co's ROC (Joel Greenblatt) % compare to AAPL?
According to the Hardware industry distribution chart, Global View Co ranks #1269 out of 2490 companies for ROC (Joel Greenblatt) %. This places Global View Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 10.51. Global View Co's value of 18.53% is 76.3% above this benchmark. Historically, Global View Co's own ROC (Joel Greenblatt) % has ranged from 9.95 to 1,250.35 over the past decade. While the company's 10-year median is 106.54 vs. the industry median of 10.51, Global View 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 Hardware company?
The median ROC (Joel Greenblatt) % among Hardware companies is 10.51, based on 2,490 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. Global View Co's current ROC (Joel Greenblatt) % of 18.53% is 76.3% 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 Global View Co and its competitors. For the Hardware industry, the median ROC (Joel Greenblatt) % is 10.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Global View Co's current ROC (Joel Greenblatt) % is 18.53%, which is 83% below median its own 10-year median of 106.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Global View Co stock overvalued right now?
Based on GuruFocus' analysis, Global View Co (TPE:3040) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$41.14, compared to a current price of NT$35.80 — trading 13% below its estimated fair value. The current ROC (Joel Greenblatt) % is 18.53%, which is 83% below median its 10-year median of 106.54 and 76.3% above the Hardware industry median of 10.51. Global View Co's overall GF Score™ is 75/100 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 Global View Co (TPE:3040), the current ROC (Joel Greenblatt) % is 18.53% 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 Global View Co (TPE:3040) Overvalued in 2026?

Based on GuruFocus' analysis, Global View Co stock appears to be undervalued. The current stock price of NT$35.80 is trading 13% below its estimated GF Value™ of NT$41.14. GuruFocus considers Global View Co to be Modestly Undervalued.

Key valuation signals for TPE:3040:

  • ROC (Joel Greenblatt) %: 18.53% (83% below median its 10-year median of 106.54)
  • GF Value™: NT$41.14 vs. price of NT$35.80 (13% below fair value)
  • GF Score™: 75/100 with 3 warning signs
  • Industry Position: 76.3% above the Hardware median (#1269 of 2490)

No single metric tells the full story. See the TPE:3040 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Global View Co Business Description

Address Section 2, Wenhua Road, 35 floor, No.287, Banqiao District, New Taipei, TWN, 220503
Global View Co Ltd is a manufacturer and seller of electronic dictionaries, and a lessor of properties. The segments of the company are Computer Information Business Department and Asset Management Department. The company derives maximum revenue from Asset management Department. The company's revenue comes from sales of electronic equipments. Geographically, the company derives maximum revenue from China.
75GF Score

Get the complete analysis for TPE:3040

ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$35.80
Price
NT$41.14
GF Value