CCOHF (China State Construction International Holdings) ROC (Joel Greenblatt) %: 148.54% (As of Dec. 2025) — 38% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

CCOHF China State Construction International Holdings Ltd CCOHF
90 GF Score
Price $0.90
GF Value $1.25
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is China State Construction International Holdings ROC (Joel Greenblatt) %?

China State Construction International Holdings CCOHF 90 ROC (Joel Greenblatt) % is 148.54% as of Dec. 2025, which is 38% below its 10-year median of 241.20. GuruFocus rates CCOHF with a GF Score™ of 90/100 and a GF Value™ of $1.25 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,779 Construction companies, China State Construction International Holdings ranks better than 93.09% 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. China State Construction International Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 148.54%.

The historical rank and industry rank for China State Construction International Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:

CCOHF' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 190.99   Med: 241.2   Max: 270.81
Current: 195.39

During the past 13 years, China State Construction International Holdings's highest ROC (Joel Greenblatt) % was 270.81%. The lowest was 190.99%. And the median was 241.20%.

CCOHF's ROC (Joel Greenblatt) % is ranked better than
93.09% of 1779 companies
in the Construction industry
Industry Median: 19.68 vs CCOHF: 195.39

China State Construction International Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -2.40% per year.


China State Construction International Holdings  (OTCPK:CCOHF) 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.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


China State Construction International Holdings ROC (Joel Greenblatt) % Related Terms


China State Construction International Holdings ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for China State Construction International Holdings'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.

China State Construction International Holdings ROC (Joel Greenblatt) % Chart

China State Construction International Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 235.46 264.35 270.44 249.06 190.92

China State Construction International Holdings Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
ROC (Joel Greenblatt) % 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 234.61 276.83 212.70 260.93 148.54

CCOHF vs PWR, FIX, EME: ROC (Joel Greenblatt) % Comparison

For the Engineering & Construction subindustry, China State Construction International Holdings'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.


China State Construction International Holdings ROC (Joel Greenblatt) % vs Construction Industry

For the Construction industry and Industrials sector, China State Construction International Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where China State Construction International Holdings's ROC (Joel Greenblatt) % falls into.


CCOHF
90GF Score
China State Construction International Holdings Ltd CCOHF
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China State Construction International Holdings 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:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

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.

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(13253.833 + 1605.142 + 244.915) - (14497.995 + 0 + 1064.691)
=-458.796

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(14605.194 + 1589.685 + 247.673) - (14798.569 + 0 + 1305.197)
=338.786

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of China State Construction International Holdings for the quarter that ended in Dec. 2025 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1699.61/( ( (972.651 + max(-458.796, 0)) + (976.944 + max(338.786, 0)) )/ 2 )
=1699.61/( ( 972.651 + 1315.73 )/ 2 )
=1699.61/1144.1905
=148.54 %

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 148.54% mean?
China State Construction International Holdings (CCOHF) has a ROC (Joel Greenblatt) % of 148.54% 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 China State Construction International Holdings and its competitors. This is 38% below median its historical median of 241.20. Over the past decade, China State Construction International Holdings' ROC (Joel Greenblatt) % has ranged from 190.99 to 270.81. According to the industry distribution chart, China State Construction International Holdings ranks #123 out of 1779 companies in the Construction industry, placing it in the top 6.9%.
Is China State Construction International Holdings' ROC (Joel Greenblatt) % too high?
China State Construction International Holdings' current ROC (Joel Greenblatt) % of 148.54% is 38% below median its 10-year median of 241.20. Over the past 10 years, this metric has ranged from a low of 190.99 to a high of 270.81. The Construction industry median ROC (Joel Greenblatt) % is 19.68. China State Construction International Holdings' value of 148.54% is 654.8% above this industry median. Based on the distribution chart, China State Construction International Holdings ranks #123 out of 1779 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, China State Construction International Holdings has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China State Construction International Holdings' ROC (Joel Greenblatt) % compare to PWR and FIX?
According to the Construction industry distribution chart, China State Construction International Holdings ranks #123 out of 1779 companies for ROC (Joel Greenblatt) %. This places China State Construction International Holdings in the top 7% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 19.68. China State Construction International Holdings' value of 148.54% is 654.8% above this benchmark. Historically, China State Construction International Holdings' own ROC (Joel Greenblatt) % has ranged from 190.99 to 270.81 over the past decade. While the company's 10-year median is 241.20 vs. the industry median of 19.68, China State Construction International Holdings 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 Construction company?
The median ROC (Joel Greenblatt) % among Construction companies is 19.68, based on 1,779 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. China State Construction International Holdings's current ROC (Joel Greenblatt) % of 148.54% is 654.8% 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 China State Construction International Holdings and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China State Construction International Holdings's current ROC (Joel Greenblatt) % is 148.54%, which is 38% below median its own 10-year median of 241.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China State Construction International Holdings stock overvalued right now?
Based on GuruFocus' analysis, China State Construction International Holdings (CCOHF) is currently considered Modestly Undervalued. The stock's GF Value™ is $1.25, compared to a current price of $0.90 — trading 28% below its estimated fair value. The current ROC (Joel Greenblatt) % is 148.54%, which is 38% below median its 10-year median of 241.20 and 654.8% above the Construction industry median of 19.68. China State Construction International Holdings' overall GF Score™ is 90/100 with 3 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 China State Construction International Holdings (CCOHF), the current ROC (Joel Greenblatt) % is 148.54% 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 China State Construction International Holdings (CCOHF) Overvalued in 2026?

Based on GuruFocus' analysis, China State Construction International Holdings stock appears to be undervalued. The current stock price of $0.90 is trading 28% below its estimated GF Value™ of $1.25. GuruFocus considers China State Construction International Holdings to be Modestly Undervalued.

Key valuation signals for CCOHF:

  • ROC (Joel Greenblatt) %: 148.54% (38% below median its 10-year median of 241.20)
  • GF Value™: $1.25 vs. price of $0.90 (28% below fair value)
  • GF Score™: 90/100 with 3 warning signs
  • Industry Position: 654.8% above the Construction median (#123 of 1779)

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


China State Construction International Holdings Business Description

Other Exchanges 03311:Hong Kong
Address 139 Hennessy Road, 28th Floor, China Overseas Building, Wanchai, HKG
China State Construction International Holdings Ltd is engaged in the construction business. The principal activity of the Company is the construction business, infrastructure project investments, toll road operation, project consultancy services, and facade contracting business.. The company reports in the following segments: Mainland China, Hong Kong, Macau, and CSC Development Group. It derives a majority of its revenue from Mainland China.
90GF Score

Get the complete analysis for CCOHF

ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.90
Price
$1.25
GF Value