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China Modern Dairy HoldingsCMDKF 57 ROC (Joel Greenblatt) % is 15.37% as of Dec. 2025, which is 239% above its 10-year median of 4.54. GuruFocus rates CMDKF with a GF Score™ of 57/100 and a GF Value™ of $0.14. The stock has 10 warning signs investors should review. Among 1,985 Consumer Packaged Goods companies, China Modern Dairy Holdings ranks worse than 76.02% 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 Modern Dairy Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 15.37%.
The historical rank and industry rank for China Modern Dairy Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
CMDKF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -13.25 Med: 4.54 Max: 26.55
Current: 0.9
During the past 13 years, China Modern Dairy Holdings's highest ROC (Joel Greenblatt) % was 26.55%. The lowest was -13.25%. And the median was 4.54%.
CMDKF's ROC (Joel Greenblatt) % is ranked worse than 76.02% of 1985
companies
in the Consumer Packaged Goods industry
Industry Median: 11.99
vs CMDKF: 0.90
China Modern Dairy Holdings (OTCPK:CMDKF) 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.
* 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 Modern Dairy Holdings ROC (Joel Greenblatt) % Chart
CMDKF vs ADM, BG, TSN: ROC (Joel Greenblatt) % Comparison
For the Farm Products subindustry, China Modern Dairy 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 Modern Dairy Holdings ROC (Joel Greenblatt) % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, China Modern Dairy Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where China Modern Dairy Holdings's ROC (Joel Greenblatt) % falls into.
China Modern Dairy 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 15.37% mean?
China Modern Dairy Holdings (CMDKF) has a ROC (Joel Greenblatt) % of 15.37% 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 Modern Dairy Holdings and its competitors. This is 239% above median its historical median of 4.54. According to the industry distribution chart, China Modern Dairy Holdings ranks #1509 out of 1985 companies in the Consumer Packaged Goods industry, placing it in the top 76%.
Is China Modern Dairy Holdings' ROC (Joel Greenblatt) % too high?
China Modern Dairy Holdings' current ROC (Joel Greenblatt) % of 15.37% is 239% above median its 10-year median of 4.54. The Consumer Packaged Goods industry median ROC (Joel Greenblatt) % is 11.99. China Modern Dairy Holdings' value of 15.37% is 28.2% above this industry median. Based on the distribution chart, China Modern Dairy Holdings ranks #1509 out of 1985 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, China Modern Dairy Holdings has a GF Score™ of 57/100, reflecting its overall financial health beyond just this single metric.
How does China Modern Dairy Holdings' ROC (Joel Greenblatt) % compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, China Modern Dairy Holdings ranks #1509 out of 1985 companies for ROC (Joel Greenblatt) %. This places China Modern Dairy Holdings in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 11.99. China Modern Dairy Holdings' value of 15.37% is 28.2% above this benchmark. While the company's 10-year median is 4.54 vs. the industry median of 11.99, China Modern Dairy 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 Consumer Packaged Goods company?
The median ROC (Joel Greenblatt) % among Consumer Packaged Goods companies is 11.99, based on 1,985 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 Modern Dairy Holdings's current ROC (Joel Greenblatt) % of 15.37% is 28.2% 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 Modern Dairy Holdings and its competitors. For the Consumer Packaged Goods industry, the median ROC (Joel Greenblatt) % is 11.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Modern Dairy Holdings's current ROC (Joel Greenblatt) % is 15.37%, which is 239% above median its own 10-year median of 4.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Modern Dairy Holdings stock overvalued right now?
China Modern Dairy Holdings (CMDKF) has a current ROC (Joel Greenblatt) % of 15.37%. The stock's GF Value™ is $0.14, compared to a current price of $0.22 — trading 57.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 15.37%, which is 239% above median its 10-year median of 4.54 and 28.2% above the Consumer Packaged Goods industry median of 11.99. China Modern Dairy Holdings' overall GF Score™ is 57/100 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 China Modern Dairy Holdings (CMDKF), the current ROC (Joel Greenblatt) % is 15.37% 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 Modern Dairy Holdings (CMDKF) Overvalued in 2026?
Based on GuruFocus' analysis, China Modern Dairy Holdings stock appears to be overvalued.
The current stock price of $0.22 is trading 57.1% above its estimated GF Value™ of $0.14.
Key valuation signals for CMDKF:
ROC (Joel Greenblatt) %: 15.37% (239% above median its 10-year median of 4.54)
GF Value™: $0.14 vs. price of $0.22 (57.1% above fair value)
Industry Position: 28.2% above the Consumer Packaged Goods median (#1509 of 1985)
No single metric tells the full story. See the CMDKF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Modern Dairy Holdings Ltd operates in the Chinese food industry. The business of the company includes the production of raw milk, and its revenue mainly depends on the sale of raw milk. The company produces and sells raw milk to customers for processing into dairy products, Liquid Milk, ice cream, formula milk and other dairy products business, which relates to its sale of liquid milk products. It also engaged in new business areas such as feed business, intelligent e-commerce platforms, and forage grass planting. The segments of the company are the Raw milk business and the integrated dairy farming solutions business. The company generates the majority of its revenue from the Raw milk business that engages in raising and breeding dairy cows to produce and sell raw milk.
57GF Score
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