Texas InstrumentsXSWX:TXN -3.42%84 ROC (Joel Greenblatt) % is 39.42% as of Mar. 2026, which is 67% below its 10-year median of 117.98. GuruFocus rates XSWX:TXN with a GF Score™ of 84/100 and a GF Value™ of CHF170.87. The stock has 10 warning signs investors should review. Among 1,025 Semiconductors companies, Texas Instruments ranks better than 80.49% 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. Texas Instruments's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 39.42%.
The historical rank and industry rank for Texas Instruments's ROC (Joel Greenblatt) % or its related term are showing as below:
XSWX:TXN'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 36.32 Med: 117.98 Max: 150.24
Current: 37.67
During the past 13 years, Texas Instruments's highest ROC (Joel Greenblatt) % was 150.24%. The lowest was 36.32%. And the median was 117.98%.
XSWX:TXN's ROC (Joel Greenblatt) % is ranked better than 80.49% of 1025
companies
in the Semiconductors industry
Industry Median: 8.35
vs XSWX:TXN: 37.67
Texas Instruments's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -26.30% 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.
Texas Instruments ROC (Joel Greenblatt) % Related Terms
Texas Instruments ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Texas Instruments'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.
XSWX:TXN vs MRVL, QCOM, ADI: ROC (Joel Greenblatt) % Comparison
For the Semiconductors subindustry, Texas Instruments'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.
Texas Instruments ROC (Joel Greenblatt) % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Texas Instruments's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Texas Instruments'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 (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 39.42% mean?
Texas Instruments (XSWX:TXN) has a ROC (Joel Greenblatt) % of 39.42% 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 Texas Instruments and its competitors. This is 67% below median its historical median of 117.98. Over the past decade, Texas Instruments' ROC (Joel Greenblatt) % has ranged from 36.32 to 150.24. According to the industry distribution chart, Texas Instruments ranks #200 out of 1025 companies in the Semiconductors industry, placing it in the top 19.5%.
Is Texas Instruments' ROC (Joel Greenblatt) % too high?
Texas Instruments' current ROC (Joel Greenblatt) % of 39.42% is 67% below median its 10-year median of 117.98. Over the past 10 years, this metric has ranged from a low of 36.32 to a high of 150.24. The Semiconductors industry median ROC (Joel Greenblatt) % is 8.35. Texas Instruments' value of 39.42% is 372.1% above this industry median. Based on the distribution chart, Texas Instruments ranks #200 out of 1025 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Texas Instruments has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does Texas Instruments' ROC (Joel Greenblatt) % compare to MRVL and QCOM?
According to the Semiconductors industry distribution chart, Texas Instruments ranks #200 out of 1025 companies for ROC (Joel Greenblatt) %. This places Texas Instruments in the top 20% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 8.35. Texas Instruments' value of 39.42% is 372.1% above this benchmark. Historically, Texas Instruments' own ROC (Joel Greenblatt) % has ranged from 36.32 to 150.24 over the past decade. While the company's 10-year median is 117.98 vs. the industry median of 8.35, Texas Instruments 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 Semiconductors company?
The median ROC (Joel Greenblatt) % among Semiconductors companies is 8.35, based on 1,025 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. Texas Instruments's current ROC (Joel Greenblatt) % of 39.42% is 372.1% 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 Texas Instruments and its competitors. For the Semiconductors industry, the median ROC (Joel Greenblatt) % is 8.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Texas Instruments's current ROC (Joel Greenblatt) % is 39.42%, which is 67% below median its own 10-year median of 117.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Texas Instruments stock overvalued right now?
Texas Instruments (XSWX:TXN) has a current ROC (Joel Greenblatt) % of 39.42%. The stock's GF Value™ is CHF170.87, compared to a current price of CHF234.40 — trading 37.2% above its estimated fair value. The current ROC (Joel Greenblatt) % is 39.42%, which is 67% below median its 10-year median of 117.98 and 372.1% above the Semiconductors industry median of 8.35. Texas Instruments' overall GF Score™ is 84/100 with 10 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 Texas Instruments (XSWX:TXN), the current ROC (Joel Greenblatt) % is 39.42% 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 Texas Instruments (XSWX:TXN) Overvalued in 2026?
Based on GuruFocus' analysis, Texas Instruments stock appears to be overvalued.
The current stock price of CHF234.40 is trading 37.2% above its estimated GF Value™ of CHF170.87.
Key valuation signals for XSWX:TXN:
ROC (Joel Greenblatt) %: 39.42% (67% below median its 10-year median of 117.98)
GF Value™: CHF170.87 vs. price of CHF234.40 (37.2% above fair value)
Industry Position: 372.1% above the Semiconductors median (#200 of 1025)
No single metric tells the full story. See the XSWX:TXN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dallas-based Texas Instruments generates over 95% of its revenue from semiconductors and the remainder from its well-known calculators. Texas Instruments is the world's largest maker of analog chips, which are used to process real-world signals such as sound and power. Texas Instruments also has a leading market share position in processors and microcontrollers used in a wide variety of electronics applications.
84GF Score
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