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Global Brands ManufactureTPE:6191 -1.32%86 ROC (Joel Greenblatt) % is 25.04% as of Mar. 2026, which is 2% above its 10-year median of 24.47. GuruFocus rates TPE:6191 with a GF Score™ of 86/100 and a GF Value™ of NT$108.91 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 2,491 Hardware companies, Global Brands Manufacture ranks better than 76.44% 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. Global Brands Manufacture's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 25.04%.
The historical rank and industry rank for Global Brands Manufacture's ROC (Joel Greenblatt) % or its related term are showing as below:
TPE:6191'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 7.54 Med: 24.47 Max: 36.27
Current: 28.51
During the past 13 years, Global Brands Manufacture's highest ROC (Joel Greenblatt) % was 36.27%. The lowest was 7.54%. And the median was 24.47%.
TPE:6191's ROC (Joel Greenblatt) % is ranked better than 76.44% of 2491
companies
in the Hardware industry
Industry Median: 10.44
vs TPE:6191: 28.51
Global Brands Manufacture's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 8.80% per year.
Global Brands Manufacture (TPE:6191) 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.
Global Brands Manufacture ROC (Joel Greenblatt) % Related Terms
Global Brands Manufacture ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Global Brands Manufacture'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.
Global Brands Manufacture ROC (Joel Greenblatt) % Chart
TPE:6191 vs APH, GLW: ROC (Joel Greenblatt) % Comparison
For the Electronic Components subindustry, Global Brands Manufacture'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.
Global Brands Manufacture ROC (Joel Greenblatt) % vs Hardware Industry
For the Hardware industry and Technology sector, Global Brands Manufacture's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Global Brands Manufacture's ROC (Joel Greenblatt) % falls into.
Global Brands Manufacture 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 25.04% mean?
Global Brands Manufacture (TPE:6191) has a ROC (Joel Greenblatt) % of 25.04% 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 Global Brands Manufacture and its competitors. This is near median its historical median of 24.47. Over the past decade, Global Brands Manufacture's ROC (Joel Greenblatt) % has ranged from 7.54 to 36.27. According to the industry distribution chart, Global Brands Manufacture ranks #587 out of 2491 companies in the Hardware industry, placing it in the top 23.6%.
Is Global Brands Manufacture's ROC (Joel Greenblatt) % too high?
Global Brands Manufacture's current ROC (Joel Greenblatt) % of 25.04% is near median its 10-year median of 24.47. Over the past 10 years, this metric has ranged from a low of 7.54 to a high of 36.27. The Hardware industry median ROC (Joel Greenblatt) % is 10.44. Global Brands Manufacture's value of 25.04% is 139.8% above this industry median. Based on the distribution chart, Global Brands Manufacture ranks #587 out of 2491 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Global Brands Manufacture has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Global Brands Manufacture's ROC (Joel Greenblatt) % compare to APH and GLW?
According to the Hardware industry distribution chart, Global Brands Manufacture ranks #587 out of 2491 companies for ROC (Joel Greenblatt) %. This places Global Brands Manufacture in the top 24% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 10.44. Global Brands Manufacture's value of 25.04% is 139.8% above this benchmark. Historically, Global Brands Manufacture's own ROC (Joel Greenblatt) % has ranged from 7.54 to 36.27 over the past decade. While the company's 10-year median is 24.47 vs. the industry median of 10.44, Global Brands Manufacture 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 Hardware company?
The median ROC (Joel Greenblatt) % among Hardware companies is 10.44, based on 2,491 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. Global Brands Manufacture's current ROC (Joel Greenblatt) % of 25.04% is 139.8% 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 Global Brands Manufacture and its competitors. For the Hardware industry, the median ROC (Joel Greenblatt) % is 10.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Global Brands Manufacture's current ROC (Joel Greenblatt) % is 25.04%, which is near median its own 10-year median of 24.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Global Brands Manufacture stock overvalued right now?
Based on GuruFocus' analysis, Global Brands Manufacture (TPE:6191) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$108.91, compared to a current price of NT$89.80 — trading 17.5% below its estimated fair value. The current ROC (Joel Greenblatt) % is 25.04%, which is near median its 10-year median of 24.47 and 139.8% above the Hardware industry median of 10.44. Global Brands Manufacture's overall GF Score™ is 86/100 with 4 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 Global Brands Manufacture (TPE:6191), the current ROC (Joel Greenblatt) % is 25.04% 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 Global Brands Manufacture (TPE:6191) Overvalued in 2026?
Based on GuruFocus' analysis, Global Brands Manufacture stock appears to be undervalued.
The current stock price of NT$89.80 is trading 17.5% below its estimated GF Value™ of NT$108.91.
GuruFocus considers Global Brands Manufacture to be Modestly Undervalued.
Key valuation signals for TPE:6191:
ROC (Joel Greenblatt) %: 25.04% (near median its 10-year median of 24.47)
GF Value™: NT$108.91 vs. price of NT$89.80 (17.5% below fair value)
Industry Position: 139.8% above the Hardware median (#587 of 2491)
No single metric tells the full story. See the TPE:6191 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Global Brands Manufacture Ltd is mainly engaged in the manufacturer specializing in Printed Circuit Boards (PCB) and Electronic Manufacturing Services (EMS). The company serves a diverse range of markets, including information, communication, automobile, and consumer electronics. Its geographical segments are Asia, America, and Europe, of which the majority of its revenue comes from Asia.
86GF Score
Get the complete analysis for TPE:6191
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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