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.
V Technology CoVCHYF -0.52%71 ROC (Joel Greenblatt) % is 35.70% as of Mar. 2026, which is 4% below its 10-year median of 37.10. GuruFocus rates VCHYF with a GF Score™ of 71/100 and a GF Value™ of $17.97 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 3,060 Industrial Products companies, V Technology Co ranks better than 53.5% 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. V Technology Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 35.70%.
The historical rank and industry rank for V Technology Co's ROC (Joel Greenblatt) % or its related term are showing as below:
VCHYF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.94 Med: 37.1 Max: 429.41
Current: 13.35
During the past 13 years, V Technology Co's highest ROC (Joel Greenblatt) % was 429.41%. The lowest was 4.94%. And the median was 37.10%.
VCHYF's ROC (Joel Greenblatt) % is ranked better than 53.5% of 3060
companies
in the Industrial Products industry
Industry Median: 11.73
vs VCHYF: 13.35
V Technology Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -28.90% per year.
V Technology Co (OTCPK:VCHYF) 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.
V Technology Co ROC (Joel Greenblatt) % Related Terms
V Technology Co ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for V Technology 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.
VCHYF vs GEV, ETN, PH: ROC (Joel Greenblatt) % Comparison
For the Specialty Industrial Machinery subindustry, V Technology 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.
V Technology Co ROC (Joel Greenblatt) % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, V Technology Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where V Technology Co's ROC (Joel Greenblatt) % falls into.
V Technology 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 35.70% mean?
V Technology Co (VCHYF) has a ROC (Joel Greenblatt) % of 35.70% 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 V Technology Co and its competitors. This is near median its historical median of 37.10. Over the past decade, V Technology Co's ROC (Joel Greenblatt) % has ranged from 4.94 to 429.41. According to the industry distribution chart, V Technology Co ranks #1423 out of 3060 companies in the Industrial Products industry, placing it in the top 46.5%.
Is V Technology Co's ROC (Joel Greenblatt) % too high?
V Technology Co's current ROC (Joel Greenblatt) % of 35.70% is near median its 10-year median of 37.10. Over the past 10 years, this metric has ranged from a low of 4.94 to a high of 429.41. The Industrial Products industry median ROC (Joel Greenblatt) % is 11.73. V Technology Co's value of 35.70% is 204.3% above this industry median. Based on the distribution chart, V Technology Co ranks #1423 out of 3060 companies in the Industrial Products industry, which is above the industry midpoint. Overall, V Technology Co has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does V Technology Co's ROC (Joel Greenblatt) % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, V Technology Co ranks #1423 out of 3060 companies for ROC (Joel Greenblatt) %. This puts V Technology Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.73. V Technology Co's value of 35.70% is 204.3% above this benchmark. Historically, V Technology Co's own ROC (Joel Greenblatt) % has ranged from 4.94 to 429.41 over the past decade. While the company's 10-year median is 37.10 vs. the industry median of 11.73, V Technology 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 an Industrial Products company?
The median ROC (Joel Greenblatt) % among Industrial Products companies is 11.73, based on 3,060 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. V Technology Co's current ROC (Joel Greenblatt) % of 35.70% is 204.3% 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 V Technology Co and its competitors. For the Industrial Products industry, the median ROC (Joel Greenblatt) % is 11.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. V Technology Co's current ROC (Joel Greenblatt) % is 35.70%, which is near median its own 10-year median of 37.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is V Technology Co stock overvalued right now?
Based on GuruFocus' analysis, V Technology Co (VCHYF) is currently considered Significantly Overvalued. The stock's GF Value™ is $17.97, compared to a current price of $37.41 — trading 108.2% above its estimated fair value. The current ROC (Joel Greenblatt) % is 35.70%, which is near median its 10-year median of 37.10 and 204.3% above the Industrial Products industry median of 11.73. V Technology Co's overall GF Score™ is 71/100 with 4 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 V Technology Co (VCHYF), the current ROC (Joel Greenblatt) % is 35.70% 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 V Technology Co (VCHYF) Overvalued in 2026?
Based on GuruFocus' analysis, V Technology Co stock appears to be overvalued.
The current stock price of $37.41 is trading 108.2% above its estimated GF Value™ of $17.97.
GuruFocus considers V Technology Co to be Significantly Overvalued.
Key valuation signals for VCHYF:
ROC (Joel Greenblatt) %: 35.70% (near median its 10-year median of 37.10)
GF Value™: $17.97 vs. price of $37.41 (108.2% above fair value)
Industry Position: 204.3% above the Industrial Products median (#1423 of 3060)
No single metric tells the full story. See the VCHYF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
V Technology Co Ltd is in the business of development, manufacturing marketing and service of the manufacturing system, inspection system, measurement system, macro inspection system and also flat panel display industry. The company is also engaged in development and sales of the systems for solar cell and liquid emitting displays manufacturing. Its products include smart phones, game consoles, inspection system, and laser scriber.
71GF Score
Get the complete analysis for VCHYF
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
VCHYF has been successfully added to your 
