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Formosa Prosonic Industries BhdXKLS:9172 -0.97%73 ROC (Joel Greenblatt) % is 14.75% as of Mar. 2026, which is 73% below its 10-year median of 55.31. GuruFocus rates XKLS:9172 with a GF Score™ of 73/100 and a GF Value™ of RM1.42 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 2,491 Hardware companies, Formosa Prosonic Industries Bhd ranks better than 81.41% 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. Formosa Prosonic Industries Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 14.75%.
The historical rank and industry rank for Formosa Prosonic Industries Bhd's ROC (Joel Greenblatt) % or its related term are showing as below:
XKLS:9172'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 24.02 Med: 55.31 Max: 128.91
Current: 36.02
During the past 13 years, Formosa Prosonic Industries Bhd's highest ROC (Joel Greenblatt) % was 128.91%. The lowest was 24.02%. And the median was 55.31%.
XKLS:9172's ROC (Joel Greenblatt) % is ranked better than 81.41% of 2491
companies
in the Hardware industry
Industry Median: 10.43
vs XKLS:9172: 36.02
Formosa Prosonic Industries Bhd (XKLS:9172) 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.
* 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.
Formosa Prosonic Industries Bhd ROC (Joel Greenblatt) % Chart
XKLS:9172 vs AAPL: ROC (Joel Greenblatt) % Comparison
For the Consumer Electronics subindustry, Formosa Prosonic Industries Bhd'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.
Formosa Prosonic Industries Bhd ROC (Joel Greenblatt) % vs Hardware Industry
For the Hardware industry and Technology sector, Formosa Prosonic Industries Bhd's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Formosa Prosonic Industries Bhd's ROC (Joel Greenblatt) % falls into.
Formosa Prosonic Industries Bhd 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 14.75% mean?
Formosa Prosonic Industries Bhd (XKLS:9172) has a ROC (Joel Greenblatt) % of 14.75% 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 Formosa Prosonic Industries Bhd and its competitors. This is 73% below median its historical median of 55.31. Over the past decade, Formosa Prosonic Industries Bhd's ROC (Joel Greenblatt) % has ranged from 24.02 to 128.91. According to the industry distribution chart, Formosa Prosonic Industries Bhd ranks #463 out of 2491 companies in the Hardware industry, placing it in the top 18.6%.
Is Formosa Prosonic Industries Bhd's ROC (Joel Greenblatt) % too high?
Formosa Prosonic Industries Bhd's current ROC (Joel Greenblatt) % of 14.75% is 73% below median its 10-year median of 55.31. Over the past 10 years, this metric has ranged from a low of 24.02 to a high of 128.91. The Hardware industry median ROC (Joel Greenblatt) % is 10.43. Formosa Prosonic Industries Bhd's value of 14.75% is 41.4% above this industry median. Based on the distribution chart, Formosa Prosonic Industries Bhd ranks #463 out of 2491 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Formosa Prosonic Industries Bhd has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Formosa Prosonic Industries Bhd's ROC (Joel Greenblatt) % compare to AAPL?
According to the Hardware industry distribution chart, Formosa Prosonic Industries Bhd ranks #463 out of 2491 companies for ROC (Joel Greenblatt) %. This places Formosa Prosonic Industries Bhd in the top 19% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 10.43. Formosa Prosonic Industries Bhd's value of 14.75% is 41.4% above this benchmark. Historically, Formosa Prosonic Industries Bhd's own ROC (Joel Greenblatt) % has ranged from 24.02 to 128.91 over the past decade. While the company's 10-year median is 55.31 vs. the industry median of 10.43, Formosa Prosonic Industries Bhd 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 Hardware company?
The median ROC (Joel Greenblatt) % among Hardware companies is 10.43, based on 2,491 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. Formosa Prosonic Industries Bhd's current ROC (Joel Greenblatt) % of 14.75% is 41.4% 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 Formosa Prosonic Industries Bhd and its competitors. For the Hardware industry, the median ROC (Joel Greenblatt) % is 10.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Formosa Prosonic Industries Bhd's current ROC (Joel Greenblatt) % is 14.75%, which is 73% below median its own 10-year median of 55.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Formosa Prosonic Industries Bhd stock overvalued right now?
Based on GuruFocus' analysis, Formosa Prosonic Industries Bhd (XKLS:9172) is currently considered Modestly Undervalued. The stock's GF Value™ is RM1.42, compared to a current price of RM1.02 — trading 28.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is 14.75%, which is 73% below median its 10-year median of 55.31 and 41.4% above the Hardware industry median of 10.43. Formosa Prosonic Industries Bhd's overall GF Score™ is 73/100 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 Formosa Prosonic Industries Bhd (XKLS:9172), the current ROC (Joel Greenblatt) % is 14.75% 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 Formosa Prosonic Industries Bhd (XKLS:9172) Overvalued in 2026?
Based on GuruFocus' analysis, Formosa Prosonic Industries Bhd stock appears to be undervalued.
The current stock price of RM1.02 is trading 28.2% below its estimated GF Value™ of RM1.42.
GuruFocus considers Formosa Prosonic Industries Bhd to be Modestly Undervalued.
Key valuation signals for XKLS:9172:
ROC (Joel Greenblatt) %: 14.75% (73% below median its 10-year median of 55.31)
GF Value™: RM1.42 vs. price of RM1.02 (28.2% below fair value)
Industry Position: 41.4% above the Hardware median (#463 of 2491)
No single metric tells the full story. See the XKLS:9172 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Formosa Prosonic Industries Bhd Business Description
Formosa Prosonic Industries Bhd is a Malaysian based company. Together with its subsidiaries the company is engaged in manufacturing, assembly and sales of High quality speaker systems, investment holding. Its reportable segments are Malaysia and United Kingdom with the majority of the revenue generated from Malaysia. Its product portfolio includes wireless speaker products, conventional speaker products, musical instrument products and acoustic products. It also offers services including design services, manufacturing services, supply chain support and quality systems.
73GF Score
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