Top High Image (ROCO:3284) ROCE %: 19.55% (As of Dec. 2025)

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ROCO:3284 Top High Image Corp ROCO:3284
59 GF Score
Price NT$25.80
GF Value NT$19.54
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Top High Image ROCE %?

Top High Image ROCO:3284 +1.38% 59 ROCE % is 19.55% as of Dec. 2025. GuruFocus rates ROCO:3284 with a GF Score™ of 59/100 and a GF Value™ of NT$19.54 (Significantly Overvalued). The stock has 8 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Top High Image's annualized ROCE % for the quarter that ended in Dec. 2025 was 19.55%.

Top High Image  (ROCO:3284) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Top High Image ROCE % Related Terms

Top High Image ROCE % Historical Data

* Premium members only.

The historical data trend for Top High Image's ROCE % 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.

Top High Image ROCE % Chart

Top High Image Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -6.15 4.44 6.61 15.10 11.73

Top High Image Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.65 12.13 1.88 12.40 19.55
ROCO:3284
59GF Score
Top High Image Corp ROCO:3284
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Top High Image ROCE % Calculation

Top High Image's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=292.859/( ( (2894.393 - 541.687) + (3133.72 - 491.169) )/ 2 )
=292.859/( (2352.706+2642.551)/ 2 )
=292.859/2497.6285
=11.73 %

Top High Image's ROCE % of for the quarter that ended in Dec. 2025 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Dec. 2025 )  (Q: Sep. 2025 )(Q: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2025 )  (Q: Sep. 2025 )(Q: Dec. 2025 )
=521.992/( ( (3219.532 - 523.267) + (3133.72 - 491.169) )/ 2 )
=521.992/( ( 2696.265 + 2642.551 )/ 2 )
=521.992/2669.408
=19.55 %

(1) 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 19.55% mean?
Top High Image (ROCO:3284) has a ROCE % of 19.55% as of Dec. 2025.
Is Top High Image's ROCE % too high?
Top High Image's current ROCE % is 19.55%. The Industrial Products industry median ROCE % is 7.03. Top High Image's value of 19.55% is 178.1% above this industry median. Overall, Top High Image has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Top High Image's ROCE % compare to GEV and ETN?
Top High Image's ROCE % of 19.55% can be compared against companies in the Industrial Products industry. The industry median ROCE % is 7.03. Top High Image's value of 19.55% is 178.1% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Industrial Products company?
The median ROCE % among Industrial Products companies is 7.03, based on 3,027 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Top High Image's current ROCE % of 19.55% is 178.1% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Industrial Products industry, the median ROCE % is 7.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Top High Image's current ROCE % is 19.55%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Top High Image stock overvalued right now?
Based on GuruFocus' analysis, Top High Image (ROCO:3284) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$19.54, compared to a current price of NT$25.80 — trading 32% above its estimated fair value. The current ROCE % is 19.55% and 178.1% above the Industrial Products industry median of 7.03. Top High Image's overall GF Score™ is 59/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Top High Image (ROCO:3284), the current ROCE % is 19.55% 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 Top High Image (ROCO:3284) Overvalued in 2026?

Based on GuruFocus' analysis, Top High Image stock appears to be overvalued. The current stock price of NT$25.80 is trading 32% above its estimated GF Value™ of NT$19.54. GuruFocus considers Top High Image to be Significantly Overvalued.

Key valuation signals for ROCO:3284:

  • ROCE %: 19.55%
  • GF Value™: NT$19.54 vs. price of NT$25.80 (32% above fair value)
  • GF Score™: 59/100 with 8 warning signs
  • Industry Position: 178.1% above the Industrial Products median

No single metric tells the full story. See the ROCO:3284 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Top High Image Business Description

Address No. 20, Juguang 2nd Street, Dafa industrial park, Daliao District, Kaohsiung, TWN, 831
Top High Image Corp. is a company based in Kaohsiung, Taiwan, specializing in manufacturing and selling offset printing plates and printing consumables. It offers a wide range of printing plates, including process-free, thermal CTP, positive thermal CTP, and conventional plates used in various printing applications like brochures, newspapers, packaging, and labels. Besides printing plates, it also deals in trading and services, food manufacturing and wholesale, advertising, and real estate agency and leasing services. The main source of income for the company was through the sales of pre-sensitized plates and the land through a joint construction and sub-sales project as well as a real estate agency.
59GF Score

Get the complete analysis for ROCO:3284

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$25.80
Price
NT$19.54
GF Value