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Capital FuturesTPE:6024 -0.67%73 ROC (Joel Greenblatt) % is 1,212.87% as of Mar. 2026, which is 93% above its 10-year median of 627.12. GuruFocus rates TPE:6024 with a GF Score™ of 73/100 and a GF Value™ of NT$52.28 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 680 Capital Markets companies, Capital Futures ranks better than 84.56% 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 Futures's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 1,212.87%.
The historical rank and industry rank for Capital Futures's ROC (Joel Greenblatt) % or its related term are showing as below:
TPE:6024'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 210.31 Med: 627.12 Max: 1997.85
Current: 506.38
During the past 13 years, Capital Futures's highest ROC (Joel Greenblatt) % was 1997.85%. The lowest was 210.31%. And the median was 627.12%.
TPE:6024's ROC (Joel Greenblatt) % is ranked better than 84.56% of 680
companies
in the Capital Markets industry
Industry Median: 34.285
vs TPE:6024: 506.38
Capital Futures's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -20.80% per year.
Capital Futures (TPE:6024) 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 Futures ROC (Joel Greenblatt) % Related Terms
Capital Futures ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Capital Futures'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:6024 vs MS, GS, SCHW: ROC (Joel Greenblatt) % Comparison
For the Capital Markets subindustry, Capital Futures'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 Futures ROC (Joel Greenblatt) % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Capital Futures's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Capital Futures's ROC (Joel Greenblatt) % falls into.
Capital Futures 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 1,212.87% mean?
Capital Futures (TPE:6024) has a ROC (Joel Greenblatt) % of 1,212.87% 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 Capital Futures and its competitors. This is 93% above median its historical median of 627.12. Over the past decade, Capital Futures' ROC (Joel Greenblatt) % has ranged from 210.31 to 1,997.85. According to the industry distribution chart, Capital Futures ranks #105 out of 680 companies in the Capital Markets industry, placing it in the top 15.4%.
Is Capital Futures' ROC (Joel Greenblatt) % too high?
Capital Futures' current ROC (Joel Greenblatt) % of 1,212.87% is 93% above median its 10-year median of 627.12. Over the past 10 years, this metric has ranged from a low of 210.31 to a high of 1,997.85. The Capital Markets industry median ROC (Joel Greenblatt) % is 34.29. Capital Futures' value of 1,212.87% is 3437.6% above this industry median. Based on the distribution chart, Capital Futures ranks #105 out of 680 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Capital Futures has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Capital Futures' ROC (Joel Greenblatt) % compare to MS and GS?
According to the Capital Markets industry distribution chart, Capital Futures ranks #105 out of 680 companies for ROC (Joel Greenblatt) %. This places Capital Futures in the top 15% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 34.29. Capital Futures' value of 1,212.87% is 3437.6% above this benchmark. Historically, Capital Futures' own ROC (Joel Greenblatt) % has ranged from 210.31 to 1,997.85 over the past decade. While the company's 10-year median is 627.12 vs. the industry median of 34.29, Capital Futures 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 34.29, based on 680 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 Futures's current ROC (Joel Greenblatt) % of 1,212.87% is 3437.6% 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 Futures and its competitors. For the Capital Markets industry, the median ROC (Joel Greenblatt) % is 34.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Capital Futures's current ROC (Joel Greenblatt) % is 1,212.87%, which is 93% above median its own 10-year median of 627.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Capital Futures stock overvalued right now?
Based on GuruFocus' analysis, Capital Futures (TPE:6024) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$52.28, compared to a current price of NT$59.30 — trading 13.4% above its estimated fair value. The current ROC (Joel Greenblatt) % is 1,212.87%, which is 93% above median its 10-year median of 627.12 and 3437.6% above the Capital Markets industry median of 34.29. Capital Futures' overall GF Score™ is 73/100 with 6 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 Futures (TPE:6024), the current ROC (Joel Greenblatt) % is 1,212.87% 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 Capital Futures (TPE:6024) Overvalued in 2026?
Based on GuruFocus' analysis, Capital Futures stock appears to be overvalued.
The current stock price of NT$59.30 is trading 13.4% above its estimated GF Value™ of NT$52.28.
GuruFocus considers Capital Futures to be Modestly Overvalued.
Key valuation signals for TPE:6024:
ROC (Joel Greenblatt) %: 1,212.87% (93% above median its 10-year median of 627.12)
GF Value™: NT$52.28 vs. price of NT$59.30 (13.4% above fair value)
Industry Position: 3437.6% above the Capital Markets median (#105 of 680)
No single metric tells the full story. See the TPE:6024 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Capital Futures Corp is a financial services company. The company offers futures advisory business, futures management business, leverage exchange agency, securities investment consulting, management consulting and information software service, securities business, futures advisory business, fecurities introducing brokerage, proprietary trading, and others. The company operates in a single reporting segment: the Brokerage segment and is mainly involved in the futures brokerage business.
73GF Score
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