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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. Kim Forest Enterprise Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -14.45%.
The historical rank and industry rank for Kim Forest Enterprise Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TPE:6645'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -26.21 Med: -11.12 Max: 38.17
Current: -19.69
During the past 13 years, Kim Forest Enterprise Co's highest ROC (Joel Greenblatt) % was 38.17%. The lowest was -26.21%. And the median was -11.12%.
TPE:6645's ROC (Joel Greenblatt) % is ranked worse than 59.72% of 211
companies
in the Medical Diagnostics & Research industry
Industry Median: -3.02
vs TPE:6645: -19.69
Kim Forest Enterprise Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Kim Forest Enterprise Co (TPE:6645) 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.
Kim Forest Enterprise Co ROC (Joel Greenblatt) % Related Terms
Kim Forest Enterprise Co ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Kim Forest Enterprise Co'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.
Kim Forest Enterprise Co ROC (Joel Greenblatt) % Chart
TPE:6645 vs TMO, DHR, IDXX: ROC (Joel Greenblatt) % Comparison
For the Diagnostics & Research subindustry, Kim Forest Enterprise 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.
Kim Forest Enterprise Co ROC (Joel Greenblatt) % vs Medical Diagnostics & Research Industry
For the Medical Diagnostics & Research industry and Healthcare sector, Kim Forest Enterprise Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Kim Forest Enterprise Co's ROC (Joel Greenblatt) % falls into.
Kim Forest Enterprise 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 (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 -14.45% mean?
Kim Forest Enterprise Co (TPE:6645) has a ROC (Joel Greenblatt) % of -14.45% 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 Kim Forest Enterprise Co and its competitors. According to the industry distribution chart, Kim Forest Enterprise Co ranks #126 out of 211 companies in the Medical Diagnostics & Research industry, placing it in the top 59.7%.
Is Kim Forest Enterprise Co's ROC (Joel Greenblatt) % too high?
Kim Forest Enterprise Co's current ROC (Joel Greenblatt) % is -14.45%. Based on the distribution chart, Kim Forest Enterprise Co ranks #126 out of 211 companies in the Medical Diagnostics & Research industry, which is below the industry midpoint. Overall, Kim Forest Enterprise Co has a GF Score™ of 62/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Kim Forest Enterprise Co's ROC (Joel Greenblatt) % compare to TMO and DHR?
According to the Medical Diagnostics & Research industry distribution chart, Kim Forest Enterprise Co ranks #126 out of 211 companies for ROC (Joel Greenblatt) %. This places Kim Forest Enterprise Co in the lower half of its industry. 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 Medical Diagnostics & Research company?
A good ROC (Joel Greenblatt) % depends on the Medical Diagnostics & Research industry context. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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 Kim Forest Enterprise Co and its competitors. Kim Forest Enterprise Co's current ROC (Joel Greenblatt) % is -14.45%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kim Forest Enterprise Co stock overvalued right now?
Based on GuruFocus' analysis, Kim Forest Enterprise Co (TPE:6645) is currently considered Possible Value Trap. The stock's GF Value™ is NT$24.45, compared to a current price of NT$13.85 — trading 43.4% below its estimated fair value. The current ROC (Joel Greenblatt) % is -14.45%. Kim Forest Enterprise Co's overall GF Score™ is 62/100 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 Kim Forest Enterprise Co (TPE:6645), the current ROC (Joel Greenblatt) % is -14.45% 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 Kim Forest Enterprise Co (TPE:6645) Overvalued in 2026?
Based on GuruFocus' analysis, Kim Forest Enterprise Co stock appears to be undervalued.
The current stock price of NT$13.85 is trading 43.4% below its estimated GF Value™ of NT$24.45.
GuruFocus considers Kim Forest Enterprise Co to be Possible Value Trap.
Key valuation signals for TPE:6645:
ROC (Joel Greenblatt) %: -14.45%
GF Value™: NT$24.45 vs. price of NT$13.85 (43.4% below fair value)
No single metric tells the full story. See the TPE:6645 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kim Forest Enterprise Co Ltd is engaged in providing clinical medical information, genetic testing services, and biological information. It manufactures medical equipment and also produces drug products. The company's equipment includes Desktop microcentrifuge, Desktop large capacity centrifuge, Filter-type absorption spectrometer, Multifunctional spectrometer, and many more. Its reportable segments are Biomedical products which generates key revenue, and the Precision medicine segment. Geographically, the company generates a majority of its revenue from Taiwan and the rest from the United States of America.
62GF Score
Get the complete analysis for TPE:6645
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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