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.
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.
Bonny WorldwideTPE:8467 -2.86%81 ROC (Joel Greenblatt) % is 11.95% as of Dec. 2025, which is 27% below its 10-year median of 16.42. GuruFocus rates TPE:8467 with a GF Score™ of 81/100 and a GF Value™ of NT$176.57 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 844 Travel & Leisure companies, Bonny Worldwide ranks better than 79.74% 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. Bonny Worldwide's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 11.95%.
The historical rank and industry rank for Bonny Worldwide's ROC (Joel Greenblatt) % or its related term are showing as below:
TPE:8467'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.17 Med: 16.42 Max: 47.97
Current: 38.98
During the past 13 years, Bonny Worldwide's highest ROC (Joel Greenblatt) % was 47.97%. The lowest was 3.17%. And the median was 16.42%.
TPE:8467's ROC (Joel Greenblatt) % is ranked better than 79.74% of 844
companies
in the Travel & Leisure industry
Industry Median: 9.955
vs TPE:8467: 38.98
Bonny Worldwide's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 61.20% per year.
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.
Bonny Worldwide ROC (Joel Greenblatt) % Related Terms
Bonny Worldwide ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Bonny Worldwide'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.
TPE:8467 vs AS, HAS, LTH: ROC (Joel Greenblatt) % Comparison
For the Leisure subindustry, Bonny Worldwide'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.
Bonny Worldwide ROC (Joel Greenblatt) % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Bonny Worldwide's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Bonny Worldwide's ROC (Joel Greenblatt) % falls into.
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 11.95% mean?
Bonny Worldwide (TPE:8467) has a ROC (Joel Greenblatt) % of 11.95% 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 Bonny Worldwide and its competitors. This is 27% below median its historical median of 16.42. Over the past decade, Bonny Worldwide's ROC (Joel Greenblatt) % has ranged from 3.17 to 47.97. According to the industry distribution chart, Bonny Worldwide ranks #171 out of 844 companies in the Travel & Leisure industry, placing it in the top 20.3%.
Is Bonny Worldwide's ROC (Joel Greenblatt) % too high?
Bonny Worldwide's current ROC (Joel Greenblatt) % of 11.95% is 27% below median its 10-year median of 16.42. Over the past 10 years, this metric has ranged from a low of 3.17 to a high of 47.97. The Travel & Leisure industry median ROC (Joel Greenblatt) % is 9.96. Bonny Worldwide's value of 11.95% is 20% above this industry median. Based on the distribution chart, Bonny Worldwide ranks #171 out of 844 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Bonny Worldwide has a GF Score™ of 81/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bonny Worldwide's ROC (Joel Greenblatt) % compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Bonny Worldwide ranks #171 out of 844 companies for ROC (Joel Greenblatt) %. This places Bonny Worldwide in the top 20% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 9.96. Bonny Worldwide's value of 11.95% is 20% above this benchmark. Historically, Bonny Worldwide's own ROC (Joel Greenblatt) % has ranged from 3.17 to 47.97 over the past decade. While the company's 10-year median is 16.42 vs. the industry median of 9.96, Bonny Worldwide 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 Travel & Leisure company?
The median ROC (Joel Greenblatt) % among Travel & Leisure companies is 9.96, based on 844 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. Bonny Worldwide's current ROC (Joel Greenblatt) % of 11.95% is 20% 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 Bonny Worldwide and its competitors. For the Travel & Leisure industry, the median ROC (Joel Greenblatt) % is 9.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bonny Worldwide's current ROC (Joel Greenblatt) % is 11.95%, which is 27% below median its own 10-year median of 16.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bonny Worldwide stock overvalued right now?
Based on GuruFocus' analysis, Bonny Worldwide (TPE:8467) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$176.57, compared to a current price of NT$102.00 — trading 42.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is 11.95%, which is 27% below median its 10-year median of 16.42 and 20% above the Travel & Leisure industry median of 9.96. Bonny Worldwide's overall GF Score™ is 81/100 with 2 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 Bonny Worldwide (TPE:8467), the current ROC (Joel Greenblatt) % is 11.95% 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 Bonny Worldwide (TPE:8467) Overvalued in 2026?
Based on GuruFocus' analysis, Bonny Worldwide stock appears to be undervalued.
The current stock price of NT$102.00 is trading 42.2% below its estimated GF Value™ of NT$176.57.
GuruFocus considers Bonny Worldwide to be Significantly Undervalued.
Key valuation signals for TPE:8467:
ROC (Joel Greenblatt) %: 11.95% (27% below median its 10-year median of 16.42)
GF Value™: NT$176.57 vs. price of NT$102.00 (42.2% below fair value)
Industry Position: 20% above the Travel & Leisure median (#171 of 844)
No single metric tells the full story. See the TPE:8467 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bonny Worldwide Ltd is mainly engaged in the research, development, design, manufacture and sale of carbon fiber composite products. The company derives the majority of its revenue from North America, and the rest from Mainland China, Taiwan, and other geographical regions.
81GF Score
Get the complete analysis for TPE:8467
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TPE:8467 has been successfully added to your 
