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Nan Pao Resins Chemical CoTPE:4766 +0.46%92 ROC (Joel Greenblatt) % is 32.24% as of Dec. 2025, which is 32% above its 10-year median of 24.40. GuruFocus rates TPE:4766 with a GF Score™ of 92/100 and a GF Value™ of NT$328.22 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,605 Chemicals companies, Nan Pao Resins Chemical Co ranks better than 90.16% 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. Nan Pao Resins Chemical Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 32.24%.
The historical rank and industry rank for Nan Pao Resins Chemical Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TPE:4766'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 13.79 Med: 24.4 Max: 37.9
Current: 35.34
During the past 13 years, Nan Pao Resins Chemical Co's highest ROC (Joel Greenblatt) % was 37.90%. The lowest was 13.79%. And the median was 24.40%.
TPE:4766's ROC (Joel Greenblatt) % is ranked better than 90.16% of 1605
companies
in the Chemicals industry
Industry Median: 9.47
vs TPE:4766: 35.34
Nan Pao Resins Chemical Co (TPE:4766) 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.
Nan Pao Resins Chemical Co ROC (Joel Greenblatt) % Chart
TPE:4766 vs LIN, SHW, ECL: ROC (Joel Greenblatt) % Comparison
For the Specialty Chemicals subindustry, Nan Pao Resins Chemical 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.
Nan Pao Resins Chemical Co ROC (Joel Greenblatt) % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Nan Pao Resins Chemical Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Nan Pao Resins Chemical Co's ROC (Joel Greenblatt) % falls into.
Nan Pao Resins Chemical 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 32.24% mean?
Nan Pao Resins Chemical Co (TPE:4766) has a ROC (Joel Greenblatt) % of 32.24% 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 Nan Pao Resins Chemical Co and its competitors. This is 32% above median its historical median of 24.40. Over the past decade, Nan Pao Resins Chemical Co's ROC (Joel Greenblatt) % has ranged from 13.79 to 37.90. According to the industry distribution chart, Nan Pao Resins Chemical Co ranks #158 out of 1605 companies in the Chemicals industry, placing it in the top 9.8%.
Is Nan Pao Resins Chemical Co's ROC (Joel Greenblatt) % too high?
Nan Pao Resins Chemical Co's current ROC (Joel Greenblatt) % of 32.24% is 32% above median its 10-year median of 24.40. Over the past 10 years, this metric has ranged from a low of 13.79 to a high of 37.90. The Chemicals industry median ROC (Joel Greenblatt) % is 9.47. Nan Pao Resins Chemical Co's value of 32.24% is 240.4% above this industry median. Based on the distribution chart, Nan Pao Resins Chemical Co ranks #158 out of 1605 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Nan Pao Resins Chemical Co has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nan Pao Resins Chemical Co's ROC (Joel Greenblatt) % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Nan Pao Resins Chemical Co ranks #158 out of 1605 companies for ROC (Joel Greenblatt) %. This places Nan Pao Resins Chemical Co in the top 10% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 9.47. Nan Pao Resins Chemical Co's value of 32.24% is 240.4% above this benchmark. Historically, Nan Pao Resins Chemical Co's own ROC (Joel Greenblatt) % has ranged from 13.79 to 37.90 over the past decade. While the company's 10-year median is 24.40 vs. the industry median of 9.47, Nan Pao Resins Chemical 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. Nan Pao Resins Chemical Co's current ROC (Joel Greenblatt) % of 32.24% is 240.4% 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 Nan Pao Resins Chemical 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. Nan Pao Resins Chemical Co's current ROC (Joel Greenblatt) % is 32.24%, which is 32% above median its own 10-year median of 24.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nan Pao Resins Chemical Co stock overvalued right now?
Based on GuruFocus' analysis, Nan Pao Resins Chemical Co (TPE:4766) is currently considered Fairly Valued. The stock's GF Value™ is NT$328.22, compared to a current price of NT$330.00 — trading 0.5% above its estimated fair value. The current ROC (Joel Greenblatt) % is 32.24%, which is 32% above median its 10-year median of 24.40 and 240.4% above the Chemicals industry median of 9.47. Nan Pao Resins Chemical Co's overall GF Score™ is 92/100 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 Nan Pao Resins Chemical Co (TPE:4766), the current ROC (Joel Greenblatt) % is 32.24% 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 Nan Pao Resins Chemical Co (TPE:4766) Overvalued in 2026?
Based on GuruFocus' analysis, Nan Pao Resins Chemical Co stock appears to be overvalued.
The current stock price of NT$330.00 is trading 0.5% above its estimated GF Value™ of NT$328.22.
GuruFocus considers Nan Pao Resins Chemical Co to be Fairly Valued.
Key valuation signals for TPE:4766:
ROC (Joel Greenblatt) %: 32.24% (32% above median its 10-year median of 24.40)
GF Value™: NT$328.22 vs. price of NT$330.00 (0.5% above fair value)
Industry Position: 240.4% above the Chemicals median (#158 of 1605)
No single metric tells the full story. See the TPE:4766 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nan Pao Resins Chemical Co Ltd is engaged in the manufacturing, wholesale, and retail of synthetic resins, synthetic plastics, adhesives, resin coatings, dyes, and pigments. Its main products include industrial adhesives, shoe glue, paint, and building material chemicals, among others. The majority of the Group's revenue is generated from the sale of adhesives. Its geographical segment includes Taiwan, Mainland China, Vietnam, Australia, and other regions, of which the maximum revenue is derived from Mainland China.
92GF Score
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