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Elite Advanced LaserTPE:3450 -9.92%76 ROC (Joel Greenblatt) % is 23.03% as of Mar. 2026, which is 15% below its 10-year median of 27.11. GuruFocus rates TPE:3450 with a GF Score™ of 76/100 and a GF Value™ of NT$244.49 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,028 Semiconductors companies, Elite Advanced Laser ranks better than 71.21% 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. Elite Advanced Laser's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 23.03%.
The historical rank and industry rank for Elite Advanced Laser's ROC (Joel Greenblatt) % or its related term are showing as below:
TPE:3450'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.6 Med: 27.11 Max: 88.37
Current: 25.54
During the past 13 years, Elite Advanced Laser's highest ROC (Joel Greenblatt) % was 88.37%. The lowest was 5.60%. And the median was 27.11%.
TPE:3450's ROC (Joel Greenblatt) % is ranked better than 71.21% of 1028
companies
in the Semiconductors industry
Industry Median: 8.355
vs TPE:3450: 25.54
Elite Advanced Laser's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 3.40% 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.
Elite Advanced Laser ROC (Joel Greenblatt) % Related Terms
Elite Advanced Laser ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Elite Advanced Laser'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:3450 vs AMAT, LRCX, KLAC: ROC (Joel Greenblatt) % Comparison
For the Semiconductor Equipment & Materials subindustry, Elite Advanced Laser'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.
Elite Advanced Laser ROC (Joel Greenblatt) % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Elite Advanced Laser's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Elite Advanced Laser'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 23.03% mean?
Elite Advanced Laser (TPE:3450) has a ROC (Joel Greenblatt) % of 23.03% 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 Elite Advanced Laser and its competitors. This is 15% below median its historical median of 27.11. Over the past decade, Elite Advanced Laser's ROC (Joel Greenblatt) % has ranged from 5.60 to 88.37. According to the industry distribution chart, Elite Advanced Laser ranks #296 out of 1028 companies in the Semiconductors industry, placing it in the top 28.8%.
Is Elite Advanced Laser's ROC (Joel Greenblatt) % too high?
Elite Advanced Laser's current ROC (Joel Greenblatt) % of 23.03% is 15% below median its 10-year median of 27.11. Over the past 10 years, this metric has ranged from a low of 5.60 to a high of 88.37. The Semiconductors industry median ROC (Joel Greenblatt) % is 8.36. Elite Advanced Laser's value of 23.03% is 175.6% above this industry median. Based on the distribution chart, Elite Advanced Laser ranks #296 out of 1028 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Elite Advanced Laser has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Elite Advanced Laser's ROC (Joel Greenblatt) % compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Elite Advanced Laser ranks #296 out of 1028 companies for ROC (Joel Greenblatt) %. This puts Elite Advanced Laser in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 8.36. Elite Advanced Laser's value of 23.03% is 175.6% above this benchmark. Historically, Elite Advanced Laser's own ROC (Joel Greenblatt) % has ranged from 5.60 to 88.37 over the past decade. While the company's 10-year median is 27.11 vs. the industry median of 8.36, Elite Advanced Laser 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 Semiconductors company?
The median ROC (Joel Greenblatt) % among Semiconductors companies is 8.36, based on 1,028 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. Elite Advanced Laser's current ROC (Joel Greenblatt) % of 23.03% is 175.6% 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 Elite Advanced Laser and its competitors. For the Semiconductors industry, the median ROC (Joel Greenblatt) % is 8.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elite Advanced Laser's current ROC (Joel Greenblatt) % is 23.03%, which is 15% below median its own 10-year median of 27.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elite Advanced Laser stock overvalued right now?
Based on GuruFocus' analysis, Elite Advanced Laser (TPE:3450) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$244.49, compared to a current price of NT$427.00 — trading 74.6% above its estimated fair value. The current ROC (Joel Greenblatt) % is 23.03%, which is 15% below median its 10-year median of 27.11 and 175.6% above the Semiconductors industry median of 8.36. Elite Advanced Laser's overall GF Score™ is 76/100 with 4 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 Elite Advanced Laser (TPE:3450), the current ROC (Joel Greenblatt) % is 23.03% 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 Elite Advanced Laser (TPE:3450) Overvalued in 2026?
Based on GuruFocus' analysis, Elite Advanced Laser stock appears to be overvalued.
The current stock price of NT$427.00 is trading 74.6% above its estimated GF Value™ of NT$244.49.
GuruFocus considers Elite Advanced Laser to be Significantly Overvalued.
Key valuation signals for TPE:3450:
ROC (Joel Greenblatt) %: 23.03% (15% below median its 10-year median of 27.11)
GF Value™: NT$244.49 vs. price of NT$427.00 (74.6% above fair value)
Industry Position: 175.6% above the Semiconductors median (#296 of 1028)
No single metric tells the full story. See the TPE:3450 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Elite Advanced Laser Corp is engaged in optical information and optical communication products. The reportable segments of the company are the Optoelectronics industry, the Semiconductor segment, and the Silicon Photonics segment. The company generates the majority of its revenue from the Semiconductor segment.
76GF Score
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