Shine JusticeASX:SHJ +3.51%51 ROC (Joel Greenblatt) % is 14.87% as of Dec. 2025, which is 12% below its 10-year median of 16.96. GuruFocus rates ASX:SHJ with a GF Score™ of 51/100 and a GF Value™ of A$0.73 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 96 Personal Services companies, Shine Justice ranks better than 50% 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. Shine Justice's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 14.87%.
The historical rank and industry rank for Shine Justice's ROC (Joel Greenblatt) % or its related term are showing as below:
ASX:SHJ'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.64 Med: 16.96 Max: 25.95
Current: 12.21
During the past 13 years, Shine Justice's highest ROC (Joel Greenblatt) % was 25.95%. The lowest was 5.64%. And the median was 16.96%.
ASX:SHJ's ROC (Joel Greenblatt) % is ranked better than 50% of 96
companies
in the Personal Services industry
Industry Median: 12.2
vs ASX:SHJ: 12.21
Shine Justice's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -18.10% 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.
Shine Justice ROC (Joel Greenblatt) % Related Terms
Shine Justice ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Shine Justice'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.
ASX:SHJ vs ROL, SCI, FTDR: ROC (Joel Greenblatt) % Comparison
For the Personal Services subindustry, Shine Justice'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.
Shine Justice ROC (Joel Greenblatt) % vs Personal Services Industry
For the Personal Services industry and Consumer Cyclical sector, Shine Justice's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Shine Justice'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 two times the semi-annual (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.
What does a ROC (Joel Greenblatt) % of 14.87% mean?
Shine Justice (ASX:SHJ) has a ROC (Joel Greenblatt) % of 14.87% as of Dec. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Shine Justice and its competitors. This is 12% below median its historical median of 16.96. Over the past decade, Shine Justice's ROC (Joel Greenblatt) % has ranged from 5.64 to 25.95. According to the industry distribution chart, Shine Justice ranks #48 out of 96 companies in the Personal Services industry, placing it in the top 50%.
Is Shine Justice's ROC (Joel Greenblatt) % too high?
Shine Justice's current ROC (Joel Greenblatt) % of 14.87% is 12% below median its 10-year median of 16.96. Over the past 10 years, this metric has ranged from a low of 5.64 to a high of 25.95. The Personal Services industry median ROC (Joel Greenblatt) % is 12.20. Shine Justice's value of 14.87% is 21.9% above this industry median. Based on the distribution chart, Shine Justice ranks #48 out of 96 companies in the Personal Services industry, which is above the industry midpoint. Overall, Shine Justice has a GF Score™ of 51/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shine Justice's ROC (Joel Greenblatt) % compare to ROL and SCI?
According to the Personal Services industry distribution chart, Shine Justice ranks #48 out of 96 companies for ROC (Joel Greenblatt) %. This puts Shine Justice in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 12.20. Shine Justice's value of 14.87% is 21.9% above this benchmark. Historically, Shine Justice's own ROC (Joel Greenblatt) % has ranged from 5.64 to 25.95 over the past decade. While the company's 10-year median is 16.96 vs. the industry median of 12.20, Shine Justice 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 Personal Services company?
The median ROC (Joel Greenblatt) % among Personal Services companies is 12.20, based on 96 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. Shine Justice's current ROC (Joel Greenblatt) % of 14.87% is 21.9% 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 Shine Justice and its competitors. For the Personal Services industry, the median ROC (Joel Greenblatt) % is 12.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shine Justice's current ROC (Joel Greenblatt) % is 14.87%, which is 12% below median its own 10-year median of 16.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shine Justice stock overvalued right now?
Based on GuruFocus' analysis, Shine Justice (ASX:SHJ) is currently considered Modestly Undervalued. The stock's GF Value™ is A$0.73, compared to a current price of A$0.59 — trading 19.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is 14.87%, which is 12% below median its 10-year median of 16.96 and 21.9% above the Personal Services industry median of 12.20. Shine Justice's overall GF Score™ is 51/100 with 5 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 Shine Justice (ASX:SHJ), the current ROC (Joel Greenblatt) % is 14.87% 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 Shine Justice (ASX:SHJ) Overvalued in 2026?
Based on GuruFocus' analysis, Shine Justice stock appears to be undervalued.
The current stock price of A$0.59 is trading 19.2% below its estimated GF Value™ of A$0.73.
GuruFocus considers Shine Justice to be Modestly Undervalued.
Key valuation signals for ASX:SHJ:
ROC (Joel Greenblatt) %: 14.87% (12% below median its 10-year median of 16.96)
GF Value™: A$0.73 vs. price of A$0.59 (19.2% below fair value)
Industry Position: 21.9% above the Personal Services median (#48 of 96)
No single metric tells the full story. See the ASX:SHJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shine Justice Ltd offers legal services. It operates through the following business segments: Personal injury and Class Actions. The firm generates the majority of its revenue from the Personal injury segment. Its Personal injury segment includes motor vehicle accidents, workers' compensation, public liability, catastrophic injuries, and Others. Its firm includes Shine Lawyers, Sciaccas Lawyers, Stephen Browne Personal Injury Lawyers, Bradley Bayly Lawyers, and Carr & Co Divorce and Family Lawyers.
51GF Score
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