Chinese Estates HoldingsCESTF 40 ROC (Joel Greenblatt) % is 12.45% as of Dec. 2025, which is 94% below its 10-year median of 221.92. GuruFocus rates CESTF with a GF Score™ of 40/100 and a GF Value™ of $0.11. The stock has 4 warning signs investors should review. Among 1,753 Real Estate companies, Chinese Estates Holdings ranks worse than 87.11% 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. Chinese Estates Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 12.45%.
The historical rank and industry rank for Chinese Estates Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
CESTF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1041.68 Med: 221.92 Max: 3834
Current: -29.02
During the past 13 years, Chinese Estates Holdings's highest ROC (Joel Greenblatt) % was 3834.00%. The lowest was -1041.68%. And the median was 221.92%.
CESTF's ROC (Joel Greenblatt) % is ranked worse than 87.11% of 1753
companies
in the Real Estate industry
Industry Median: 12.5
vs CESTF: -29.02
Chinese Estates Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Chinese Estates Holdings (OTCPK:CESTF) 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.
Chinese Estates Holdings ROC (Joel Greenblatt) % Related Terms
Chinese Estates Holdings ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Chinese Estates 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.
Chinese Estates Holdings ROC (Joel Greenblatt) % Chart
Chinese Estates Holdings ROC (Joel Greenblatt) % Competitor Comparison
For the Real Estate - Diversified subindustry, Chinese Estates 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.
Chinese Estates Holdings ROC (Joel Greenblatt) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Chinese Estates Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Chinese Estates Holdings's ROC (Joel Greenblatt) % falls into.
Chinese Estates 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:
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 12.45% mean?
Chinese Estates Holdings (CESTF) has a ROC (Joel Greenblatt) % of 12.45% 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 Chinese Estates Holdings and its competitors. This is 94% below median its historical median of 221.92. According to the industry distribution chart, Chinese Estates Holdings ranks #1527 out of 1753 companies in the Real Estate industry, placing it in the top 87.1%.
Is Chinese Estates Holdings' ROC (Joel Greenblatt) % too high?
Chinese Estates Holdings' current ROC (Joel Greenblatt) % of 12.45% is 94% below median its 10-year median of 221.92. The Real Estate industry median ROC (Joel Greenblatt) % is 12.50. Chinese Estates Holdings' value of 12.45% is 0.4% below this industry median. Based on the distribution chart, Chinese Estates Holdings ranks #1527 out of 1753 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Chinese Estates Holdings has a GF Score™ of 40/100, reflecting its overall financial health beyond just this single metric.
How does Chinese Estates Holdings' ROC (Joel Greenblatt) % compare to competitors?
According to the Real Estate industry distribution chart, Chinese Estates Holdings ranks #1527 out of 1753 companies for ROC (Joel Greenblatt) %. This places Chinese Estates Holdings in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 12.50. Chinese Estates Holdings' value of 12.45% is 0.4% below this benchmark. While the company's 10-year median is 221.92 vs. the industry median of 12.50, Chinese Estates Holdings has consistently been below 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 Real Estate company?
The median ROC (Joel Greenblatt) % among Real Estate companies is 12.50, based on 1,753 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. Chinese Estates Holdings's current ROC (Joel Greenblatt) % of 12.45% is 0.4% below 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 Chinese Estates Holdings and its competitors. For the Real Estate industry, the median ROC (Joel Greenblatt) % is 12.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chinese Estates Holdings's current ROC (Joel Greenblatt) % is 12.45%, which is 94% below median its own 10-year median of 221.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chinese Estates Holdings stock overvalued right now?
Chinese Estates Holdings (CESTF) has a current ROC (Joel Greenblatt) % of 12.45%. The stock's GF Value™ is $0.11, compared to a current price of $0.15 — trading 38.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 12.45%, which is 94% below median its 10-year median of 221.92 and 0.4% below the Real Estate industry median of 12.50. Chinese Estates Holdings' overall GF Score™ is 40/100 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 Chinese Estates Holdings (CESTF), the current ROC (Joel Greenblatt) % is 12.45% 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 Chinese Estates Holdings (CESTF) Overvalued in 2026?
Based on GuruFocus' analysis, Chinese Estates Holdings stock appears to be overvalued.
The current stock price of $0.15 is trading 38.1% above its estimated GF Value™ of $0.11.
Key valuation signals for CESTF:
ROC (Joel Greenblatt) %: 12.45% (94% below median its 10-year median of 221.92)
GF Value™: $0.11 vs. price of $0.15 (38.1% above fair value)
Industry Position: 0.4% below the Real Estate median (#1527 of 1753)
No single metric tells the full story. See the CESTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chinese Estates Holdings Ltd is an investment holding company. The company's operating segment includes Property development and trading; Property leasing includes Retail and Non-retail; Listed equity investments at FVTOCI; Investments and treasury products at FVTPL; Unlisted investments, investment holding and brokerage, and other segments. It derives maximum revenue from Investments and treasury products at FVTPL segment, which includes Securities investments in investments held for trading, OTC trading and structured products. The Group focuses in Hong Kong, and diversifies its property interests to mainland China and the United Kingdom.
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