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Techno Alpha CoTSE:3089 -1.17%79 ROC (Joel Greenblatt) % is 1.22% as of May. 2026, which is 94% below its 10-year median of 19.03. GuruFocus rates TSE:3089 with a GF Score™ of 79/100 and a GF Value™ of 円1,154.77 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,027 Semiconductors companies, Techno Alpha Co ranks better than 81.79% 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. Techno Alpha Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2026 was 1.22%.
The historical rank and industry rank for Techno Alpha Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:3089'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -4.86 Med: 19.03 Max: 41.2
Current: 41.2
During the past 13 years, Techno Alpha Co's highest ROC (Joel Greenblatt) % was 41.20%. The lowest was -4.86%. And the median was 19.03%.
TSE:3089's ROC (Joel Greenblatt) % is ranked better than 81.79% of 1027
companies
in the Semiconductors industry
Industry Median: 8.41
vs TSE:3089: 41.20
Techno Alpha Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Techno Alpha Co (TSE:3089) 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.
Techno Alpha Co ROC (Joel Greenblatt) % Related Terms
Techno Alpha Co ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Techno Alpha 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.
TSE:3089 vs AMAT, LRCX, KLAC: ROC (Joel Greenblatt) % Comparison
For the Semiconductor Equipment & Materials subindustry, Techno Alpha 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.
Techno Alpha Co ROC (Joel Greenblatt) % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Techno Alpha Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Techno Alpha Co's ROC (Joel Greenblatt) % falls into.
Techno Alpha 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 (May. 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 1.22% mean?
Techno Alpha Co (TSE:3089) has a ROC (Joel Greenblatt) % of 1.22% as of May. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Techno Alpha Co and its competitors. This is 94% below median its historical median of 19.03. According to the industry distribution chart, Techno Alpha Co ranks #187 out of 1027 companies in the Semiconductors industry, placing it in the top 18.2%.
Is Techno Alpha Co's ROC (Joel Greenblatt) % too high?
Techno Alpha Co's current ROC (Joel Greenblatt) % of 1.22% is 94% below median its 10-year median of 19.03. The Semiconductors industry median ROC (Joel Greenblatt) % is 8.41. Techno Alpha Co's value of 1.22% is 85.5% below this industry median. Based on the distribution chart, Techno Alpha Co ranks #187 out of 1027 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Techno Alpha Co has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Techno Alpha Co's ROC (Joel Greenblatt) % compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Techno Alpha Co ranks #187 out of 1027 companies for ROC (Joel Greenblatt) %. This places Techno Alpha Co in the top 18% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 8.41. Techno Alpha Co's value of 1.22% is 85.5% below this benchmark. While the company's 10-year median is 19.03 vs. the industry median of 8.41, Techno Alpha Co 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 Semiconductors company?
The median ROC (Joel Greenblatt) % among Semiconductors companies is 8.41, based on 1,027 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. Techno Alpha Co's current ROC (Joel Greenblatt) % of 1.22% is 85.5% 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 Techno Alpha Co and its competitors. For the Semiconductors industry, the median ROC (Joel Greenblatt) % is 8.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Techno Alpha Co's current ROC (Joel Greenblatt) % is 1.22%, which is 94% below median its own 10-year median of 19.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Techno Alpha Co stock overvalued right now?
Based on GuruFocus' analysis, Techno Alpha Co (TSE:3089) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,154.77, compared to a current price of 円1,011.00 — trading 12.5% below its estimated fair value. The current ROC (Joel Greenblatt) % is 1.22%, which is 94% below median its 10-year median of 19.03 and 85.5% below the Semiconductors industry median of 8.41. Techno Alpha Co's overall GF Score™ is 79/100 with 1 warning sign 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 Techno Alpha Co (TSE:3089), the current ROC (Joel Greenblatt) % is 1.22% as of May. 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 Techno Alpha Co (TSE:3089) Overvalued in 2026?
Based on GuruFocus' analysis, Techno Alpha Co stock appears to be undervalued.
The current stock price of 円1,011.00 is trading 12.5% below its estimated GF Value™ of 円1,154.77.
GuruFocus considers Techno Alpha Co to be Modestly Undervalued.
Key valuation signals for TSE:3089:
ROC (Joel Greenblatt) %: 1.22% (94% below median its 10-year median of 19.03)
GF Value™: 円1,154.77 vs. price of 円1,011.00 (12.5% below fair value)
Industry Position: 85.5% below the Semiconductors median (#187 of 1027)
No single metric tells the full story. See the TSE:3089 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Techno Alpha Co Ltd is engaged in the import and sale of semiconductor manufacturing equipment, electronic materials, environmental equipment, marine equipment, and other manufacturing and technical services of in-house developed products.
79GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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