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.
Double Bond Chemical Ind CoTPE:4764 -0.85%55 ROC (Joel Greenblatt) % is 12.52% as of Dec. 2025, which is 89% above its 10-year median of 6.61. GuruFocus rates TPE:4764 with a GF Score™ of 55/100 and a GF Value™ of NT$51.84 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,605 Chemicals companies, Double Bond Chemical Ind Co ranks worse than 56.26% 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. Double Bond Chemical Ind Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 12.52%.
The historical rank and industry rank for Double Bond Chemical Ind Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TPE:4764'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -2.17 Med: 6.61 Max: 58.41
Current: 7.45
During the past 13 years, Double Bond Chemical Ind Co's highest ROC (Joel Greenblatt) % was 58.41%. The lowest was -2.17%. And the median was 6.61%.
TPE:4764's ROC (Joel Greenblatt) % is ranked worse than 56.26% of 1605
companies
in the Chemicals industry
Industry Median: 9.47
vs TPE:4764: 7.45
Double Bond Chemical Ind Co (TPE:4764) 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.
* 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.
Double Bond Chemical Ind Co ROC (Joel Greenblatt) % Chart
TPE:4764 vs LIN, SHW, ECL: ROC (Joel Greenblatt) % Comparison
For the Specialty Chemicals subindustry, Double Bond Chemical Ind 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.
Double Bond Chemical Ind Co ROC (Joel Greenblatt) % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Double Bond Chemical Ind Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Double Bond Chemical Ind Co's ROC (Joel Greenblatt) % falls into.
Double Bond Chemical Ind 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:
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 12.52% mean?
Double Bond Chemical Ind Co (TPE:4764) has a ROC (Joel Greenblatt) % of 12.52% 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 Double Bond Chemical Ind Co and its competitors. This is 89% above median its historical median of 6.61. According to the industry distribution chart, Double Bond Chemical Ind Co ranks #903 out of 1605 companies in the Chemicals industry, placing it in the top 56.3%.
Is Double Bond Chemical Ind Co's ROC (Joel Greenblatt) % too high?
Double Bond Chemical Ind Co's current ROC (Joel Greenblatt) % of 12.52% is 89% above median its 10-year median of 6.61. The Chemicals industry median ROC (Joel Greenblatt) % is 9.47. Double Bond Chemical Ind Co's value of 12.52% is 32.2% above this industry median. Based on the distribution chart, Double Bond Chemical Ind Co ranks #903 out of 1605 companies in the Chemicals industry, which is below the industry midpoint. Overall, Double Bond Chemical Ind Co has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Double Bond Chemical Ind Co's ROC (Joel Greenblatt) % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Double Bond Chemical Ind Co ranks #903 out of 1605 companies for ROC (Joel Greenblatt) %. This places Double Bond Chemical Ind Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 9.47. Double Bond Chemical Ind Co's value of 12.52% is 32.2% above this benchmark. While the company's 10-year median is 6.61 vs. the industry median of 9.47, Double Bond Chemical Ind 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 Chemicals company?
The median ROC (Joel Greenblatt) % among Chemicals companies is 9.47, based on 1,605 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. Double Bond Chemical Ind Co's current ROC (Joel Greenblatt) % of 12.52% is 32.2% 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 Double Bond Chemical Ind Co and its competitors. For the Chemicals industry, the median ROC (Joel Greenblatt) % is 9.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Double Bond Chemical Ind Co's current ROC (Joel Greenblatt) % is 12.52%, which is 89% above median its own 10-year median of 6.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Double Bond Chemical Ind Co stock overvalued right now?
Based on GuruFocus' analysis, Double Bond Chemical Ind Co (TPE:4764) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$51.84, compared to a current price of NT$290.50 — trading 460.4% above its estimated fair value. The current ROC (Joel Greenblatt) % is 12.52%, which is 89% above median its 10-year median of 6.61 and 32.2% above the Chemicals industry median of 9.47. Double Bond Chemical Ind Co's overall GF Score™ is 55/100 with 2 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 Double Bond Chemical Ind Co (TPE:4764), the current ROC (Joel Greenblatt) % is 12.52% 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 Double Bond Chemical Ind Co (TPE:4764) Overvalued in 2026?
Based on GuruFocus' analysis, Double Bond Chemical Ind Co stock appears to be overvalued.
The current stock price of NT$290.50 is trading 460.4% above its estimated GF Value™ of NT$51.84.
GuruFocus considers Double Bond Chemical Ind Co to be Significantly Overvalued.
Key valuation signals for TPE:4764:
ROC (Joel Greenblatt) %: 12.52% (89% above median its 10-year median of 6.61)
GF Value™: NT$51.84 vs. price of NT$290.50 (460.4% above fair value)
Industry Position: 32.2% above the Chemicals median (#903 of 1605)
No single metric tells the full story. See the TPE:4764 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Double Bond Chemical Ind Co Ltd mainly engages in the production and sale of various chemical raw materials, monomer-polymers for coating, industrial additives, and special chemicals. The Company is a manufacturer of fine chemicals, focusing on the polymer and UV-coating industries. Its products include plastics additives, light-cured materials, polymer additives, UV curable materials, inkjet printing inks, electronic chemicals, and other products. The Company operates in Taiwan, China, and other markets, with China generating the maximum revenue.
55GF Score
Get the complete analysis for TPE:4764
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:4764 has been successfully added to your 
