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KY Paiho Shih HoldingsTPE:8404 +1.48%71 ROC (Joel Greenblatt) % is 7.86% as of Dec. 2025, which is 30% below its 10-year median of 11.28. GuruFocus rates TPE:8404 with a GF Score™ of 71/100 and a GF Value™ of NT$22.54 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,061 Manufacturing - Apparel & Accessories companies, KY Paiho Shih Holdings ranks better than 53.44% 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. KY Paiho Shih Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 7.86%.
The historical rank and industry rank for KY Paiho Shih Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
TPE:8404'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.38 Med: 11.28 Max: 24.43
Current: 9.69
During the past 13 years, KY Paiho Shih Holdings's highest ROC (Joel Greenblatt) % was 24.43%. The lowest was -0.38%. And the median was 11.28%.
TPE:8404's ROC (Joel Greenblatt) % is ranked better than 53.44% of 1061
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 8.45
vs TPE:8404: 9.69
KY Paiho Shih Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
KY Paiho Shih Holdings (TPE:8404) 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.
KY Paiho Shih Holdings ROC (Joel Greenblatt) % Related Terms
KY Paiho Shih Holdings ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for KY Paiho Shih Holdings'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.
KY Paiho Shih Holdings ROC (Joel Greenblatt) % Chart
TPE:8404 vs NKE, DECK, ONON: ROC (Joel Greenblatt) % Comparison
For the Footwear & Accessories subindustry, KY Paiho Shih Holdings'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.
KY Paiho Shih Holdings ROC (Joel Greenblatt) % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, KY Paiho Shih Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where KY Paiho Shih Holdings's ROC (Joel Greenblatt) % falls into.
KY Paiho Shih Holdings 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 7.86% mean?
KY Paiho Shih Holdings (TPE:8404) has a ROC (Joel Greenblatt) % of 7.86% 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 KY Paiho Shih Holdings and its competitors. This is 30% below median its historical median of 11.28. According to the industry distribution chart, KY Paiho Shih Holdings ranks #494 out of 1061 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 46.6%.
Is KY Paiho Shih Holdings' ROC (Joel Greenblatt) % too high?
KY Paiho Shih Holdings' current ROC (Joel Greenblatt) % of 7.86% is 30% below median its 10-year median of 11.28. The Manufacturing - Apparel & Accessories industry median ROC (Joel Greenblatt) % is 8.45. KY Paiho Shih Holdings' value of 7.86% is 7% below this industry median. Based on the distribution chart, KY Paiho Shih Holdings ranks #494 out of 1061 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, KY Paiho Shih Holdings has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does KY Paiho Shih Holdings' ROC (Joel Greenblatt) % compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, KY Paiho Shih Holdings ranks #494 out of 1061 companies for ROC (Joel Greenblatt) %. This puts KY Paiho Shih Holdings in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 8.45. KY Paiho Shih Holdings' value of 7.86% is 7% below this benchmark. While the company's 10-year median is 11.28 vs. the industry median of 8.45, KY Paiho Shih Holdings has consistently been below 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 Manufacturing - Apparel & Accessories company?
The median ROC (Joel Greenblatt) % among Manufacturing - Apparel & Accessories companies is 8.45, based on 1,061 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. KY Paiho Shih Holdings's current ROC (Joel Greenblatt) % of 7.86% is 7% below 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 KY Paiho Shih Holdings and its competitors. For the Manufacturing - Apparel & Accessories industry, the median ROC (Joel Greenblatt) % is 8.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KY Paiho Shih Holdings's current ROC (Joel Greenblatt) % is 7.86%, which is 30% below median its own 10-year median of 11.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KY Paiho Shih Holdings stock overvalued right now?
Based on GuruFocus' analysis, KY Paiho Shih Holdings (TPE:8404) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$22.54, compared to a current price of NT$17.15 — trading 23.9% below its estimated fair value. The current ROC (Joel Greenblatt) % is 7.86%, which is 30% below median its 10-year median of 11.28 and 7% below the Manufacturing - Apparel & Accessories industry median of 8.45. KY Paiho Shih Holdings' overall GF Score™ is 71/100 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 KY Paiho Shih Holdings (TPE:8404), the current ROC (Joel Greenblatt) % is 7.86% 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 KY Paiho Shih Holdings (TPE:8404) Overvalued in 2026?
Based on GuruFocus' analysis, KY Paiho Shih Holdings stock appears to be undervalued.
The current stock price of NT$17.15 is trading 23.9% below its estimated GF Value™ of NT$22.54.
GuruFocus considers KY Paiho Shih Holdings to be Modestly Undervalued.
Key valuation signals for TPE:8404:
ROC (Joel Greenblatt) %: 7.86% (30% below median its 10-year median of 11.28)
GF Value™: NT$22.54 vs. price of NT$17.15 (23.9% below fair value)
Industry Position: 7% below the Manufacturing - Apparel & Accessories median (#494 of 1061)
No single metric tells the full story. See the TPE:8404 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
KY Paiho Shih Holdings Corp is a textile company involved in the research and development, manufacturing, and sales of main and auxiliary materials and accessories products. It manufactures materials for footwear, garment, and medical industries. The company operates in two segments that are Production and Construction. Its products include Jacquard engineered Mesh, webbing (shoelaces), Premises (including parking space), Touch fastener, Elastic, Other, etc. The company operates in China and Vietnam, out of which of its revenue is generated from China.
71GF Score
Get the complete analysis for TPE:8404
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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