Caswell (TPE:6416) ROC (Joel Greenblatt) %: 14.73% (As of Dec. 2025) — 41% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TPE:6416 Caswell Inc TPE:6416
72 GF Score
Price NT$103.50
GF Value NT$98.15
Valuation Fairly Valued
! 8 Warning Signs
View Full Analysis

What is Caswell ROC (Joel Greenblatt) %?

Caswell TPE:6416 -2.82% 72 ROC (Joel Greenblatt) % is 14.73% as of Dec. 2025, which is 41% below its 10-year median of 24.93. GuruFocus rates TPE:6416 with a GF Score™ of 72/100 and a GF Value™ of NT$98.15 (Fairly Valued). The stock has 8 warning signs investors should review. Among 2,491 Hardware companies, Caswell ranks better than 53.99% 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. Caswell's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 14.73%.

The historical rank and industry rank for Caswell's ROC (Joel Greenblatt) % or its related term are showing as below:

TPE:6416' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 11.71   Med: 24.93   Max: 65.68
Current: 12.22

During the past 13 years, Caswell's highest ROC (Joel Greenblatt) % was 65.68%. The lowest was 11.71%. And the median was 24.93%.

TPE:6416's ROC (Joel Greenblatt) % is ranked better than
53.99% of 2491 companies
in the Hardware industry
Industry Median: 10.44 vs TPE:6416: 12.22

Caswell's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -12.60% per year.


Caswell  (TPE:6416) 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.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


Caswell ROC (Joel Greenblatt) % Related Terms


Caswell ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Caswell'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.

Caswell ROC (Joel Greenblatt) % Chart

Caswell Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.83 23.54 14.88 13.05 11.71

Caswell Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.01 13.41 8.78 12.18 14.73

TPE:6416 vs CSCO, CIEN, MSI: ROC (Joel Greenblatt) % Comparison

For the Communication Equipment subindustry, Caswell'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.


Caswell ROC (Joel Greenblatt) % vs Hardware Industry

For the Hardware industry and Technology sector, Caswell's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Caswell's ROC (Joel Greenblatt) % falls into.


TPE:6416
72GF Score
Caswell Inc TPE:6416
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Caswell 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:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

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.

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(742.514 + 2139.29 + 96.645) - (776.639 + 0 + 121.781)
=2080.029

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(851.437 + 2383.053 + 116.719) - (1125.126 + 0 + 119.952)
=2106.131

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Caswell for the quarter that ended in Dec. 2025 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=522.94/( ( (1464.795 + max(2080.029, 0)) + (1447.577 + max(2106.131, 0)) )/ 2 )
=522.94/( ( 3544.824 + 3553.708 )/ 2 )
=522.94/3549.266
=14.73 %

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 14.73% mean?
Caswell (TPE:6416) has a ROC (Joel Greenblatt) % of 14.73% 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 Caswell and its competitors. This is 41% below median its historical median of 24.93. Over the past decade, Caswell's ROC (Joel Greenblatt) % has ranged from 11.71 to 65.68. According to the industry distribution chart, Caswell ranks #1146 out of 2491 companies in the Hardware industry, placing it in the top 46%.
Is Caswell's ROC (Joel Greenblatt) % too high?
Caswell's current ROC (Joel Greenblatt) % of 14.73% is 41% below median its 10-year median of 24.93. Over the past 10 years, this metric has ranged from a low of 11.71 to a high of 65.68. The Hardware industry median ROC (Joel Greenblatt) % is 10.44. Caswell's value of 14.73% is 41.1% above this industry median. Based on the distribution chart, Caswell ranks #1146 out of 2491 companies in the Hardware industry, which is above the industry midpoint. Overall, Caswell has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Caswell's ROC (Joel Greenblatt) % compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Caswell ranks #1146 out of 2491 companies for ROC (Joel Greenblatt) %. This puts Caswell in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 10.44. Caswell's value of 14.73% is 41.1% above this benchmark. Historically, Caswell's own ROC (Joel Greenblatt) % has ranged from 11.71 to 65.68 over the past decade. While the company's 10-year median is 24.93 vs. the industry median of 10.44, Caswell 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. Caswell's current ROC (Joel Greenblatt) % of 14.73% is 41.1% 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 Caswell 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. Caswell's current ROC (Joel Greenblatt) % is 14.73%, which is 41% below median its own 10-year median of 24.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Caswell stock overvalued right now?
Based on GuruFocus' analysis, Caswell (TPE:6416) is currently considered Fairly Valued. The stock's GF Value™ is NT$98.15, compared to a current price of NT$103.50 — trading 5.5% above its estimated fair value. The current ROC (Joel Greenblatt) % is 14.73%, which is 41% below median its 10-year median of 24.93 and 41.1% above the Hardware industry median of 10.44. Caswell's overall GF Score™ is 72/100 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 Caswell (TPE:6416), the current ROC (Joel Greenblatt) % is 14.73% 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 Caswell (TPE:6416) Overvalued in 2026?

Based on GuruFocus' analysis, Caswell stock appears to be overvalued. The current stock price of NT$103.50 is trading 5.5% above its estimated GF Value™ of NT$98.15. GuruFocus considers Caswell to be Fairly Valued.

Key valuation signals for TPE:6416:

  • ROC (Joel Greenblatt) %: 14.73% (41% below median its 10-year median of 24.93)
  • GF Value™: NT$98.15 vs. price of NT$103.50 (5.5% above fair value)
  • GF Score™: 72/100 with 8 warning signs
  • Industry Position: 41.1% above the Hardware median (#1146 of 2491)

No single metric tells the full story. See the TPE:6416 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Caswell Business Description

Address Jianguo 1st Road, 12th Floor, No. 308, Xinzhuang District, New Taipei City, TWN, 242047
Caswell Inc is engaged in electronic components manufacturing, computer and peripheral manufacturing, Equipment Manufacturing, and the wholesale of Electronic Materials and Information Services. Its product categories include Network Security & Management, Edge / Fog Computing, Industrial Control & Automation, Cloud & Data Center Switches, Network Storage, and Network Adapters & Modules. The group has three segments, namely the domestic segment and the PRC segment, which mainly engage in manufacturing and selling various network appliances and peripherals. Its other segment mainly specializes in selling various network appliances and peripherals. It derives revenue from the Taiwan segment.
72GF Score

Get the complete analysis for TPE:6416

ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$103.50
Price
NT$98.15
GF Value