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Chong Hong Construction CoTPE:5534 +0.25%85 ROC (Joel Greenblatt) % is 0.84% as of Mar. 2026, which is 92% below its 10-year median of 10.41. GuruFocus rates TPE:5534 with a GF Score™ of 85/100 and a GF Value™ of NT$71.07 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 1,748 Real Estate companies, Chong Hong Construction Co ranks worse than 64.65% 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. Chong Hong Construction Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 0.84%.
The historical rank and industry rank for Chong Hong Construction Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TPE:5534'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.33 Med: 10.41 Max: 21.9
Current: 5.33
During the past 13 years, Chong Hong Construction Co's highest ROC (Joel Greenblatt) % was 21.90%. The lowest was 5.33%. And the median was 10.41%.
TPE:5534's ROC (Joel Greenblatt) % is ranked worse than 64.65% of 1748
companies
in the Real Estate industry
Industry Median: 12.92
vs TPE:5534: 5.33
Chong Hong Construction Co (TPE:5534) 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.
Chong Hong Construction Co ROC (Joel Greenblatt) % Chart
Chong Hong Construction Co ROC (Joel Greenblatt) % Competitor Comparison
For the Real Estate - Development subindustry, Chong Hong Construction 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.
Chong Hong Construction Co ROC (Joel Greenblatt) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Chong Hong Construction Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Chong Hong Construction Co's ROC (Joel Greenblatt) % falls into.
Chong Hong Construction 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 (Mar. 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 0.84% mean?
Chong Hong Construction Co (TPE:5534) has a ROC (Joel Greenblatt) % of 0.84% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Chong Hong Construction Co and its competitors. This is 92% below median its historical median of 10.41. Over the past decade, Chong Hong Construction Co's ROC (Joel Greenblatt) % has ranged from 5.33 to 21.90. According to the industry distribution chart, Chong Hong Construction Co ranks #1130 out of 1748 companies in the Real Estate industry, placing it in the top 64.6%.
Is Chong Hong Construction Co's ROC (Joel Greenblatt) % too high?
Chong Hong Construction Co's current ROC (Joel Greenblatt) % of 0.84% is 92% below median its 10-year median of 10.41. Over the past 10 years, this metric has ranged from a low of 5.33 to a high of 21.90. The Real Estate industry median ROC (Joel Greenblatt) % is 12.92. Chong Hong Construction Co's value of 0.84% is 93.5% below this industry median. Based on the distribution chart, Chong Hong Construction Co ranks #1130 out of 1748 companies in the Real Estate industry, which is below the industry midpoint. Overall, Chong Hong Construction Co has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Chong Hong Construction Co's ROC (Joel Greenblatt) % compare to competitors?
According to the Real Estate industry distribution chart, Chong Hong Construction Co ranks #1130 out of 1748 companies for ROC (Joel Greenblatt) %. This places Chong Hong Construction Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 12.92. Chong Hong Construction Co's value of 0.84% is 93.5% below this benchmark. Historically, Chong Hong Construction Co's own ROC (Joel Greenblatt) % has ranged from 5.33 to 21.90 over the past decade. While the company's 10-year median is 10.41 vs. the industry median of 12.92, Chong Hong Construction Co 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 Real Estate company?
The median ROC (Joel Greenblatt) % among Real Estate companies is 12.92, based on 1,748 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. Chong Hong Construction Co's current ROC (Joel Greenblatt) % of 0.84% is 93.5% 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 Chong Hong Construction Co and its competitors. For the Real Estate industry, the median ROC (Joel Greenblatt) % is 12.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chong Hong Construction Co's current ROC (Joel Greenblatt) % is 0.84%, which is 92% below median its own 10-year median of 10.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chong Hong Construction Co stock overvalued right now?
Based on GuruFocus' analysis, Chong Hong Construction Co (TPE:5534) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$71.07, compared to a current price of NT$79.90 — trading 12.4% above its estimated fair value. The current ROC (Joel Greenblatt) % is 0.84%, which is 92% below median its 10-year median of 10.41 and 93.5% below the Real Estate industry median of 12.92. Chong Hong Construction Co's overall GF Score™ is 85/100 with 8 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 Chong Hong Construction Co (TPE:5534), the current ROC (Joel Greenblatt) % is 0.84% as of Mar. 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 Chong Hong Construction Co (TPE:5534) Overvalued in 2026?
Based on GuruFocus' analysis, Chong Hong Construction Co stock appears to be overvalued.
The current stock price of NT$79.90 is trading 12.4% above its estimated GF Value™ of NT$71.07.
GuruFocus considers Chong Hong Construction Co to be Modestly Overvalued.
Key valuation signals for TPE:5534:
ROC (Joel Greenblatt) %: 0.84% (92% below median its 10-year median of 10.41)
GF Value™: NT$71.07 vs. price of NT$79.90 (12.4% above fair value)
Industry Position: 93.5% below the Real Estate median (#1130 of 1748)
No single metric tells the full story. See the TPE:5534 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chong Hong Construction Co Ltd mainly develops, sells, and leases residential and commercial property in Taiwan. The company derives revenue from the proceeds of lands, properties, contract fees, and rental income. Land revenue represents more than half of group income, followed by property revenue. The company operates through two segments. The Building segment is engaged in the construction of commercial buildings, public housing, and the lease of factories. The construction segment is engaged in building and construction projects.
85GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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