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Nien Made Enterprise CoTPE:8464 95 ROC (Joel Greenblatt) % is 61.78% as of Mar. 2026, which is 8% below its 10-year median of 67.41. GuruFocus rates TPE:8464 with a GF Score™ of 95/100 and a GF Value™ of NT$406.84 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 433 Furnishings, Fixtures & Appliances companies, Nien Made Enterprise Co ranks better than 92.61% 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. Nien Made Enterprise Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 61.78%.
The historical rank and industry rank for Nien Made Enterprise Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TPE:8464'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 59.78 Med: 67.41 Max: 71.06
Current: 63.14
During the past 13 years, Nien Made Enterprise Co's highest ROC (Joel Greenblatt) % was 71.06%. The lowest was 59.78%. And the median was 67.41%.
TPE:8464's ROC (Joel Greenblatt) % is ranked better than 92.61% of 433
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 9.33
vs TPE:8464: 63.14
Nien Made Enterprise Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -2.20% per year.
Nien Made Enterprise Co (TPE:8464) 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.
Nien Made Enterprise Co ROC (Joel Greenblatt) % Related Terms
Nien Made Enterprise Co ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Nien Made 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.
Nien Made Enterprise Co ROC (Joel Greenblatt) % Chart
TPE:8464 vs SN, SGI, MHK: ROC (Joel Greenblatt) % Comparison
For the Furnishings, Fixtures & Appliances subindustry, Nien Made 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.
Nien Made Enterprise Co ROC (Joel Greenblatt) % vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Nien Made Enterprise Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Nien Made Enterprise Co's ROC (Joel Greenblatt) % falls into.
Nien Made 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 (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 61.78% mean?
Nien Made Enterprise Co (TPE:8464) has a ROC (Joel Greenblatt) % of 61.78% 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 Nien Made Enterprise Co and its competitors. This is near median its historical median of 67.41. Over the past decade, Nien Made Enterprise Co's ROC (Joel Greenblatt) % has ranged from 59.78 to 71.06. According to the industry distribution chart, Nien Made Enterprise Co ranks #32 out of 433 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 7.4%.
Is Nien Made Enterprise Co's ROC (Joel Greenblatt) % too high?
Nien Made Enterprise Co's current ROC (Joel Greenblatt) % of 61.78% is near median its 10-year median of 67.41. Over the past 10 years, this metric has ranged from a low of 59.78 to a high of 71.06. The Furnishings, Fixtures & Appliances industry median ROC (Joel Greenblatt) % is 9.33. Nien Made Enterprise Co's value of 61.78% is 562.2% above this industry median. Based on the distribution chart, Nien Made Enterprise Co ranks #32 out of 433 companies in the Furnishings, Fixtures & Appliances industry, which is in the top quartile — a strong position relative to peers. Overall, Nien Made Enterprise Co has a GF Score™ of 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nien Made Enterprise Co's ROC (Joel Greenblatt) % compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Nien Made Enterprise Co ranks #32 out of 433 companies for ROC (Joel Greenblatt) %. This places Nien Made Enterprise Co in the top 7% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 9.33. Nien Made Enterprise Co's value of 61.78% is 562.2% above this benchmark. Historically, Nien Made Enterprise Co's own ROC (Joel Greenblatt) % has ranged from 59.78 to 71.06 over the past decade. While the company's 10-year median is 67.41 vs. the industry median of 9.33, Nien Made Enterprise 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 Furnishings, Fixtures & Appliances company?
The median ROC (Joel Greenblatt) % among Furnishings, Fixtures & Appliances companies is 9.33, based on 433 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. Nien Made Enterprise Co's current ROC (Joel Greenblatt) % of 61.78% is 562.2% 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 Nien Made Enterprise Co and its competitors. For the Furnishings, Fixtures & Appliances industry, the median ROC (Joel Greenblatt) % is 9.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nien Made Enterprise Co's current ROC (Joel Greenblatt) % is 61.78%, which is near median its own 10-year median of 67.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nien Made Enterprise Co stock overvalued right now?
Based on GuruFocus' analysis, Nien Made Enterprise Co (TPE:8464) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$406.84, compared to a current price of NT$363.00 — trading 10.8% below its estimated fair value. The current ROC (Joel Greenblatt) % is 61.78%, which is near median its 10-year median of 67.41 and 562.2% above the Furnishings, Fixtures & Appliances industry median of 9.33. Nien Made Enterprise Co's overall GF Score™ is 95/100 with 3 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 Nien Made Enterprise Co (TPE:8464), the current ROC (Joel Greenblatt) % is 61.78% 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 Nien Made Enterprise Co (TPE:8464) Overvalued in 2026?
Based on GuruFocus' analysis, Nien Made Enterprise Co stock appears to be undervalued.
The current stock price of NT$363.00 is trading 10.8% below its estimated GF Value™ of NT$406.84.
GuruFocus considers Nien Made Enterprise Co to be Modestly Undervalued.
Key valuation signals for TPE:8464:
ROC (Joel Greenblatt) %: 61.78% (near median its 10-year median of 67.41)
GF Value™: NT$406.84 vs. price of NT$363.00 (10.8% below fair value)
Industry Position: 562.2% above the Furnishings, Fixtures & Appliances median (#32 of 433)
No single metric tells the full story. See the TPE:8464 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nien Made Enterprise Co Ltd is a Taiwan-based company principally engaged in the business of home furnishings. The company manufactures and distributes curtains and window blinds. The product range consists of interior and exterior shutters, faux wood blinds, vinyl blinds, wood blinds, roll-up shades, and cellular shades. The company operates in two reportable segments that are Window coverings and other, out of which the majority of revenue is generated by sales of Window coverings. Geographically, the company generates a majority of its revenue from America and the rest from Europe and other regions.
95GF Score
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