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Capital SecuritiesTPE:6005 +1.64%77 ROC (Joel Greenblatt) % is 333.21% as of Dec. 2025, which is 229% above its 10-year median of 101.42. GuruFocus rates TPE:6005 with a GF Score™ of 77/100 and a GF Value™ of NT$32.14 (Fairly Valued). The stock has 8 warning signs investors should review. Among 678 Capital Markets companies, Capital Securities ranks better than 78.61% 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. Capital Securities's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 333.21%.
The historical rank and industry rank for Capital Securities's ROC (Joel Greenblatt) % or its related term are showing as below:
TPE:6005'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 38.04 Med: 101.42 Max: 282.79
Current: 282.79
During the past 13 years, Capital Securities's highest ROC (Joel Greenblatt) % was 282.79%. The lowest was 38.04%. And the median was 101.42%.
TPE:6005's ROC (Joel Greenblatt) % is ranked better than 78.61% of 678
companies
in the Capital Markets industry
Industry Median: 34.895
vs TPE:6005: 282.79
Capital Securities's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 20.70% per year.
Capital Securities (TPE:6005) 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.
Capital Securities ROC (Joel Greenblatt) % Related Terms
Capital Securities ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Capital Securities'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:6005 vs MS, GS, SCHW: ROC (Joel Greenblatt) % Comparison
For the Capital Markets subindustry, Capital Securities'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.
Capital Securities ROC (Joel Greenblatt) % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Capital Securities's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Capital Securities's ROC (Joel Greenblatt) % falls into.
Capital Securities 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 333.21% mean?
Capital Securities (TPE:6005) has a ROC (Joel Greenblatt) % of 333.21% 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 Capital Securities and its competitors. This is 229% above median its historical median of 101.42. Over the past decade, Capital Securities' ROC (Joel Greenblatt) % has ranged from 38.04 to 282.79. According to the industry distribution chart, Capital Securities ranks #145 out of 678 companies in the Capital Markets industry, placing it in the top 21.4%.
Is Capital Securities' ROC (Joel Greenblatt) % too high?
Capital Securities' current ROC (Joel Greenblatt) % of 333.21% is 229% above median its 10-year median of 101.42. Over the past 10 years, this metric has ranged from a low of 38.04 to a high of 282.79. The Capital Markets industry median ROC (Joel Greenblatt) % is 34.90. Capital Securities' value of 333.21% is 854.9% above this industry median. Based on the distribution chart, Capital Securities ranks #145 out of 678 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Capital Securities has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Capital Securities' ROC (Joel Greenblatt) % compare to MS and GS?
According to the Capital Markets industry distribution chart, Capital Securities ranks #145 out of 678 companies for ROC (Joel Greenblatt) %. This places Capital Securities in the top 21% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 34.90. Capital Securities' value of 333.21% is 854.9% above this benchmark. Historically, Capital Securities' own ROC (Joel Greenblatt) % has ranged from 38.04 to 282.79 over the past decade. While the company's 10-year median is 101.42 vs. the industry median of 34.90, Capital Securities 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 Capital Markets company?
The median ROC (Joel Greenblatt) % among Capital Markets companies is 34.90, based on 678 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. Capital Securities's current ROC (Joel Greenblatt) % of 333.21% is 854.9% 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 Capital Securities and its competitors. For the Capital Markets industry, the median ROC (Joel Greenblatt) % is 34.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Capital Securities's current ROC (Joel Greenblatt) % is 333.21%, which is 229% above median its own 10-year median of 101.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Capital Securities stock overvalued right now?
Based on GuruFocus' analysis, Capital Securities (TPE:6005) is currently considered Fairly Valued. The stock's GF Value™ is NT$32.14, compared to a current price of NT$34.15 — trading 6.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is 333.21%, which is 229% above median its 10-year median of 101.42 and 854.9% above the Capital Markets industry median of 34.90. Capital Securities' overall GF Score™ is 77/100 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 Capital Securities (TPE:6005), the current ROC (Joel Greenblatt) % is 333.21% 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 Capital Securities (TPE:6005) Overvalued in 2026?
Based on GuruFocus' analysis, Capital Securities stock appears to be overvalued.
The current stock price of NT$34.15 is trading 6.3% above its estimated GF Value™ of NT$32.14.
GuruFocus considers Capital Securities to be Fairly Valued.
Key valuation signals for TPE:6005:
ROC (Joel Greenblatt) %: 333.21% (229% above median its 10-year median of 101.42)
GF Value™: NT$32.14 vs. price of NT$34.15 (6.3% above fair value)
Industry Position: 854.9% above the Capital Markets median (#145 of 678)
No single metric tells the full story. See the TPE:6005 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Capital Securities Corp is a Taiwan-based securities company engaged in brokerage, underwriting, proprietary trading, and derivatives businesses. It operates in segments such as the Brokerage segment, which is engaged in brokerage trading, margin trading, and securities lending business. Corporate financing segment: Engaged in providing advisory on initial public offering or to register on the emerging or listed market, securities underwriting and sales, corporate finance, mergers and acquisitions. Dealing segment: Engaged in trading securities and related listed stock instruments on a proprietary basis. Derivative instrument segment: Engaged in the investment, consultancy, and issuance of derivative instruments. Futures: Engaged in the business of domestic futures brokerage services.
77GF Score
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