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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. Longda Construction & Development's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 8.31%.
The historical rank and industry rank for Longda Construction & Development's ROC (Joel Greenblatt) % or its related term are showing as below:
TPE:5519'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.74 Med: 9.52 Max: 15.22
Current: 15.05
During the past 13 years, Longda Construction & Development's highest ROC (Joel Greenblatt) % was 15.22%. The lowest was 4.74%. And the median was 9.52%.
TPE:5519's ROC (Joel Greenblatt) % is ranked worse than 55.99% of 1779
companies
in the Construction industry
Industry Median: 19.68
vs TPE:5519: 15.05
Longda Construction & Development (TPE:5519) 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.
Longda Construction & Development ROC (Joel Greenblatt) % Chart
TPE:5519 vs PWR, FIX, EME: ROC (Joel Greenblatt) % Comparison
For the Engineering & Construction subindustry, Longda Construction & Development'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.
Longda Construction & Development ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Longda Construction & Development's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Longda Construction & Development's ROC (Joel Greenblatt) % falls into.
Longda Construction & Development 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 8.31% mean?
Longda Construction & Development (TPE:5519) has a ROC (Joel Greenblatt) % of 8.31% 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 Longda Construction & Development and its competitors. This is 13% below median its historical median of 9.52. Over the past decade, Longda Construction & Development's ROC (Joel Greenblatt) % has ranged from 4.74 to 15.22. According to the industry distribution chart, Longda Construction & Development ranks #996 out of 1779 companies in the Construction industry, placing it in the top 56%.
Is Longda Construction & Development's ROC (Joel Greenblatt) % too high?
Longda Construction & Development's current ROC (Joel Greenblatt) % of 8.31% is 13% below median its 10-year median of 9.52. Over the past 10 years, this metric has ranged from a low of 4.74 to a high of 15.22. The Construction industry median ROC (Joel Greenblatt) % is 19.68. Longda Construction & Development's value of 8.31% is 57.8% below this industry median. Based on the distribution chart, Longda Construction & Development ranks #996 out of 1779 companies in the Construction industry, which is below the industry midpoint. Overall, Longda Construction & Development has a GF Score™ of 93/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Longda Construction & Development's ROC (Joel Greenblatt) % compare to PWR and FIX?
According to the Construction industry distribution chart, Longda Construction & Development ranks #996 out of 1779 companies for ROC (Joel Greenblatt) %. This places Longda Construction & Development in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 19.68. Longda Construction & Development's value of 8.31% is 57.8% below this benchmark. Historically, Longda Construction & Development's own ROC (Joel Greenblatt) % has ranged from 4.74 to 15.22 over the past decade. While the company's 10-year median is 9.52 vs. the industry median of 19.68, Longda Construction & Development has consistently been below 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 Construction company?
The median ROC (Joel Greenblatt) % among Construction companies is 19.68, based on 1,779 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. Longda Construction & Development's current ROC (Joel Greenblatt) % of 8.31% is 57.8% below 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 Longda Construction & Development and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Longda Construction & Development's current ROC (Joel Greenblatt) % is 8.31%, which is 13% below median its own 10-year median of 9.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Longda Construction & Development stock overvalued right now?
Based on GuruFocus' analysis, Longda Construction & Development (TPE:5519) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$31.78, compared to a current price of NT$27.95 — trading 12.1% below its estimated fair value. The current ROC (Joel Greenblatt) % is 8.31%, which is 13% below median its 10-year median of 9.52 and 57.8% below the Construction industry median of 19.68. Longda Construction & Development's overall GF Score™ is 93/100 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 Longda Construction & Development (TPE:5519), the current ROC (Joel Greenblatt) % is 8.31% 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 Longda Construction & Development (TPE:5519) Overvalued in 2026?
Based on GuruFocus' analysis, Longda Construction & Development stock appears to be undervalued.
The current stock price of NT$27.95 is trading 12.1% below its estimated GF Value™ of NT$31.78.
GuruFocus considers Longda Construction & Development to be Modestly Undervalued.
Key valuation signals for TPE:5519:
ROC (Joel Greenblatt) %: 8.31% (13% below median its 10-year median of 9.52)
GF Value™: NT$31.78 vs. price of NT$27.95 (12.1% below fair value)
Industry Position: 57.8% below the Construction median (#996 of 1779)
No single metric tells the full story. See the TPE:5519 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Longda Construction & Development Business Description
Longda Construction & Development Corp is engaged in the integrated construction business of construction and civil engineering, as well as the development, leasing, and sale of residential housing and buildings. The group operates in two reportable segments namely Construction Division: This segment is responsible for comprehensive construction services, including building and civil engineering works. Property Development and Sales Division: This segment is responsible for the development, leasing, and sale of residential and commercial buildings. Geographically it's presence is in Taiwan and Japan regions.
93GF Score
Get the complete analysis for TPE:5519
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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