AMAX Holding Co (TPE:6933) ROC (Joel Greenblatt) %: 17.13% (As of Dec. 2025) — 22% Below Median

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TPE:6933 AMAX Holding Co Ltd TPE:6933
47 GF Score
Price NT$163.50
! 6 Warning Signs
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What is AMAX Holding Co ROC (Joel Greenblatt) %?

AMAX Holding Co TPE:6933 +6.17% 47 ROC (Joel Greenblatt) % is 17.13% as of Dec. 2025, which is 22% below its 10-year median of 22.02. GuruFocus rates TPE:6933 with a GF Score™ of 47/100. The stock has 6 warning signs investors should review. Among 2,492 Hardware companies, AMAX Holding Co ranks better than 66.81% 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. AMAX Holding Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 17.13%.

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

TPE:6933' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.95   Med: 22.02   Max: 26.34
Current: 19.93

During the past 6 years, AMAX Holding Co's highest ROC (Joel Greenblatt) % was 26.34%. The lowest was -0.95%. And the median was 22.02%.

TPE:6933's ROC (Joel Greenblatt) % is ranked better than
66.81% of 2492 companies
in the Hardware industry
Industry Median: 10.435 vs TPE:6933: 19.93

AMAX Holding Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


AMAX Holding Co  (TPE:6933) 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.


AMAX Holding Co ROC (Joel Greenblatt) % Related Terms


AMAX Holding Co ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for AMAX Holding 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.

AMAX Holding Co ROC (Joel Greenblatt) % Chart

AMAX Holding Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial 26.34 21.69 24.83 18.38 22.35

AMAX Holding Co Quarterly Data
Dec20 Dec21 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 47.51 5.11 43.54 6.44 17.13

TPE:6933 vs SNDK, DELL, STX: ROC (Joel Greenblatt) % Comparison

For the Computer Hardware subindustry, AMAX Holding 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.


AMAX Holding Co ROC (Joel Greenblatt) % vs Hardware Industry

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

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


TPE:6933
47GF Score
AMAX Holding Co Ltd TPE:6933
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

AMAX Holding 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:

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)
=(678.766 + 1077.84 + 187.566) - (737.621 + 0 + 106.491)
=1100.06

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(998.436 + 1146.187 + 496.416) - (871.138 + 0 + 126.133)
=1643.768

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of AMAX Holding Co 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 )
=280.852/( ( (266.292 + max(1100.06, 0)) + (269.253 + max(1643.768, 0)) )/ 2 )
=280.852/( ( 1366.352 + 1913.021 )/ 2 )
=280.852/1639.6865
=17.13 %

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 17.13% mean?
AMAX Holding Co (TPE:6933) has a ROC (Joel Greenblatt) % of 17.13% 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 AMAX Holding Co and its competitors. This is 22% below median its historical median of 22.02. According to the industry distribution chart, AMAX Holding Co ranks #827 out of 2492 companies in the Hardware industry, placing it in the top 33.2%.
Is AMAX Holding Co's ROC (Joel Greenblatt) % too high?
AMAX Holding Co's current ROC (Joel Greenblatt) % of 17.13% is 22% below median its 10-year median of 22.02. The Hardware industry median ROC (Joel Greenblatt) % is 10.44. AMAX Holding Co's value of 17.13% is 64.2% above this industry median. Based on the distribution chart, AMAX Holding Co ranks #827 out of 2492 companies in the Hardware industry, which is above the industry midpoint. Overall, AMAX Holding Co has a GF Score™ of 47/100, reflecting its overall financial health beyond just this single metric.
How does AMAX Holding Co's ROC (Joel Greenblatt) % compare to SNDK and DELL?
According to the Hardware industry distribution chart, AMAX Holding Co ranks #827 out of 2492 companies for ROC (Joel Greenblatt) %. This puts AMAX Holding Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 10.44. AMAX Holding Co's value of 17.13% is 64.2% above this benchmark. While the company's 10-year median is 22.02 vs. the industry median of 10.44, AMAX Holding Co 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 2,492 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. AMAX Holding Co's current ROC (Joel Greenblatt) % of 17.13% is 64.2% 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 AMAX Holding Co 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. AMAX Holding Co's current ROC (Joel Greenblatt) % is 17.13%, which is 22% below median its own 10-year median of 22.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AMAX Holding Co stock overvalued right now?
AMAX Holding Co (TPE:6933) has a current ROC (Joel Greenblatt) % of 17.13%. The current ROC (Joel Greenblatt) % is 17.13%, which is 22% below median its 10-year median of 22.02 and 64.2% above the Hardware industry median of 10.44. AMAX Holding Co's overall GF Score™ is 47/100 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 AMAX Holding Co (TPE:6933), the current ROC (Joel Greenblatt) % is 17.13% 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.

AMAX Holding Co Business Description

Address Nanjing East Road, Section 2, 14th floor, No. 137, Zhongshan District, Taipei, TWN
AMAX Holding Co Ltd is mainly engaged in the research, development, manufacture and sales of the cloud and data center as well as the high performance computing (HPC) sever and its peripheral equipment and providing extensible custom cluster as well as relevant system solution and customised service. The group has only one reportable operating segment. The company has presence in Asia, United States, Europe. Its product portfolio includes Al Edge Server, Al Workstation, Liquid Cooled Rack, AMAX RackScale, Al Data Center. Its services are Original Equipment Manufacturing, Cooling Design, HPC System Design, ISO and Compliance, Cluster Architecture, GPU Test Drive, Professional Services, HostMax Al-Ready Hosting Facility and solutions are Al Data Center Solutions, Al Edge Solutions, etc.
47GF Score

Get the complete analysis for TPE:6933

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

NT$163.50
Price