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.
Desiccant TechnologyTPE:5292 -2.89%96 ROC (Joel Greenblatt) % is 173.33% as of Dec. 2025, which is 195% above its 10-year median of 58.83. GuruFocus rates TPE:5292 with a GF Score™ of 96/100 and a GF Value™ of NT$154.55 (Fairly Valued). The stock has 1 warning sign investors should review. Among 3,065 Industrial Products companies, Desiccant Technology ranks better than 97.81% 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. Desiccant Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 173.33%.
The historical rank and industry rank for Desiccant Technology's ROC (Joel Greenblatt) % or its related term are showing as below:
TPE:5292'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 22.15 Med: 58.83 Max: 141.75
Current: 138.6
During the past 11 years, Desiccant Technology's highest ROC (Joel Greenblatt) % was 141.75%. The lowest was 22.15%. And the median was 58.83%.
TPE:5292's ROC (Joel Greenblatt) % is ranked better than 97.81% of 3065
companies
in the Industrial Products industry
Industry Median: 11.69
vs TPE:5292: 138.60
Desiccant Technology's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 21.70% 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.
Desiccant Technology ROC (Joel Greenblatt) % Related Terms
Desiccant Technology ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Desiccant Technology'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:5292 vs VLTO, ZWS, CECO: ROC (Joel Greenblatt) % Comparison
For the Pollution & Treatment Controls subindustry, Desiccant Technology'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.
Desiccant Technology ROC (Joel Greenblatt) % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Desiccant Technology's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Desiccant Technology'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 (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 173.33% mean?
Desiccant Technology (TPE:5292) has a ROC (Joel Greenblatt) % of 173.33% 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 Desiccant Technology and its competitors. This is 195% above median its historical median of 58.83. Over the past decade, Desiccant Technology's ROC (Joel Greenblatt) % has ranged from 22.15 to 141.75. According to the industry distribution chart, Desiccant Technology ranks #67 out of 3065 companies in the Industrial Products industry, placing it in the top 2.2%.
Is Desiccant Technology's ROC (Joel Greenblatt) % too high?
Desiccant Technology's current ROC (Joel Greenblatt) % of 173.33% is 195% above median its 10-year median of 58.83. Over the past 10 years, this metric has ranged from a low of 22.15 to a high of 141.75. The Industrial Products industry median ROC (Joel Greenblatt) % is 11.69. Desiccant Technology's value of 173.33% is 1382.7% above this industry median. Based on the distribution chart, Desiccant Technology ranks #67 out of 3065 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Desiccant Technology has a GF Score™ of 96/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Desiccant Technology's ROC (Joel Greenblatt) % compare to VLTO and ZWS?
According to the Industrial Products industry distribution chart, Desiccant Technology ranks #67 out of 3065 companies for ROC (Joel Greenblatt) %. This places Desiccant Technology in the top 2% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.69. Desiccant Technology's value of 173.33% is 1382.7% above this benchmark. Historically, Desiccant Technology's own ROC (Joel Greenblatt) % has ranged from 22.15 to 141.75 over the past decade. While the company's 10-year median is 58.83 vs. the industry median of 11.69, Desiccant Technology 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 an Industrial Products company?
The median ROC (Joel Greenblatt) % among Industrial Products companies is 11.69, based on 3,065 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. Desiccant Technology's current ROC (Joel Greenblatt) % of 173.33% is 1382.7% 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 Desiccant Technology and its competitors. For the Industrial Products industry, the median ROC (Joel Greenblatt) % is 11.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Desiccant Technology's current ROC (Joel Greenblatt) % is 173.33%, which is 195% above median its own 10-year median of 58.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Desiccant Technology stock overvalued right now?
Based on GuruFocus' analysis, Desiccant Technology (TPE:5292) is currently considered Fairly Valued. The stock's GF Value™ is NT$154.55, compared to a current price of NT$151.00 — trading 2.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is 173.33%, which is 195% above median its 10-year median of 58.83 and 1382.7% above the Industrial Products industry median of 11.69. Desiccant Technology's overall GF Score™ is 96/100 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 Desiccant Technology (TPE:5292), the current ROC (Joel Greenblatt) % is 173.33% 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 Desiccant Technology (TPE:5292) Overvalued in 2026?
Based on GuruFocus' analysis, Desiccant Technology stock appears to be undervalued.
The current stock price of NT$151.00 is trading 2.3% below its estimated GF Value™ of NT$154.55.
GuruFocus considers Desiccant Technology to be Fairly Valued.
Key valuation signals for TPE:5292:
ROC (Joel Greenblatt) %: 173.33% (195% above median its 10-year median of 58.83)
GF Value™: NT$154.55 vs. price of NT$151.00 (2.3% below fair value)
Industry Position: 1382.7% above the Industrial Products median (#67 of 3065)
No single metric tells the full story. See the TPE:5292 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Desiccant Technology Corp engages mainly in manufacturing industrial dehumidification equipment, drying equipment, pollution control equipment, designing installation projects, contracting, and importing and exporting related products. The Group operates in three principal geographical areas - Taiwan, China, and Singapore. It generates the majority of its revenue from Taiwan.
96GF Score
Get the complete analysis for TPE:5292
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:5292 has been successfully added to your 
