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Daxin Materials CoTPE:5234 +0.50%80 ROC (Joel Greenblatt) % is 53.91% as of Jun. 2026, which is 61% above its 10-year median of 33.39. GuruFocus rates TPE:5234 with a GF Score™ of 80/100 and a GF Value™ of NT$254.68 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 1,609 Chemicals companies, Daxin Materials Co ranks better than 94.03% 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. Daxin Materials Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 53.91%.
The historical rank and industry rank for Daxin Materials Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TPE:5234'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 21.94 Med: 33.39 Max: 48.63
Current: 48.63
During the past 13 years, Daxin Materials Co's highest ROC (Joel Greenblatt) % was 48.63%. The lowest was 21.94%. And the median was 33.39%.
TPE:5234's ROC (Joel Greenblatt) % is ranked better than 94.03% of 1609
companies
in the Chemicals industry
Industry Median: 10.59
vs TPE:5234: 48.63
Daxin Materials Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 2.60% per year.
Daxin Materials Co (TPE:5234) 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.
Daxin Materials Co ROC (Joel Greenblatt) % Related Terms
Daxin Materials Co ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Daxin Materials 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.
TPE:5234 vs LIN, SHW, ECL: ROC (Joel Greenblatt) % Comparison
For the Specialty Chemicals subindustry, Daxin Materials 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.
Daxin Materials Co ROC (Joel Greenblatt) % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Daxin Materials Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Daxin Materials Co's ROC (Joel Greenblatt) % falls into.
Daxin Materials 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 (Jun. 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 53.91% mean?
Daxin Materials Co (TPE:5234) has a ROC (Joel Greenblatt) % of 53.91% as of Jun. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Daxin Materials Co and its competitors. This is 61% above median its historical median of 33.39. Over the past decade, Daxin Materials Co's ROC (Joel Greenblatt) % has ranged from 21.94 to 48.63. According to the industry distribution chart, Daxin Materials Co ranks #96 out of 1609 companies in the Chemicals industry, placing it in the top 6%.
Is Daxin Materials Co's ROC (Joel Greenblatt) % too high?
Daxin Materials Co's current ROC (Joel Greenblatt) % of 53.91% is 61% above median its 10-year median of 33.39. Over the past 10 years, this metric has ranged from a low of 21.94 to a high of 48.63. The Chemicals industry median ROC (Joel Greenblatt) % is 10.59. Daxin Materials Co's value of 53.91% is 409.1% above this industry median. Based on the distribution chart, Daxin Materials Co ranks #96 out of 1609 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Daxin Materials Co has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Daxin Materials Co's ROC (Joel Greenblatt) % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Daxin Materials Co ranks #96 out of 1609 companies for ROC (Joel Greenblatt) %. This places Daxin Materials Co in the top 6% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 10.59. Daxin Materials Co's value of 53.91% is 409.1% above this benchmark. Historically, Daxin Materials Co's own ROC (Joel Greenblatt) % has ranged from 21.94 to 48.63 over the past decade. While the company's 10-year median is 33.39 vs. the industry median of 10.59, Daxin Materials 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 10.59, based on 1,609 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. Daxin Materials Co's current ROC (Joel Greenblatt) % of 53.91% is 409.1% 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 Daxin Materials Co and its competitors. For the Chemicals industry, the median ROC (Joel Greenblatt) % is 10.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Daxin Materials Co's current ROC (Joel Greenblatt) % is 53.91%, which is 61% above median its own 10-year median of 33.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Daxin Materials Co stock overvalued right now?
Based on GuruFocus' analysis, Daxin Materials Co (TPE:5234) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$254.68, compared to a current price of NT$303.50 — trading 19.2% above its estimated fair value. The current ROC (Joel Greenblatt) % is 53.91%, which is 61% above median its 10-year median of 33.39 and 409.1% above the Chemicals industry median of 10.59. Daxin Materials Co's overall GF Score™ is 80/100 with 1 warning sign 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 Daxin Materials Co (TPE:5234), the current ROC (Joel Greenblatt) % is 53.91% as of Jun. 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 Daxin Materials Co (TPE:5234) Overvalued in 2026?
Based on GuruFocus' analysis, Daxin Materials Co stock appears to be overvalued.
The current stock price of NT$303.50 is trading 19.2% above its estimated GF Value™ of NT$254.68.
GuruFocus considers Daxin Materials Co to be Modestly Overvalued.
Key valuation signals for TPE:5234:
ROC (Joel Greenblatt) %: 53.91% (61% above median its 10-year median of 33.39)
GF Value™: NT$254.68 vs. price of NT$303.50 (19.2% above fair value)
Industry Position: 409.1% above the Chemicals median (#96 of 1609)
No single metric tells the full story. See the TPE:5234 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Daxin Materials Co Ltd is engaged in the research, design, manufacture, and sale of semiconductors and display-related fine chemicals. Its product portfolio consists of Semiconductor Materials which includes Laser Release Layer, Photosensitive Dielectric/Pass, High-Purity Specialty Chemical, and High-Purity Specialty Chemical; Display Materials include LCD materials, and touch panels materials; Key Raw Materials include functional monomer, and Specialty Polymer; and Instrument analysis includes analytical equipment. Geographically, it operates in Taiwan, China, and others, with Taiwan generating the majority of the revenue.
80GF Score
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