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China Tobacco International (HK) CoCTOBF 88 ROC (Joel Greenblatt) % is 80.64% as of Jun. 2026, which is 58% below its 10-year median of 192.11. GuruFocus rates CTOBF with a GF Score™ of 88/100 and a GF Value™ of $1.93. The stock has 2 warning signs investors should review. Among 46 Tobacco Products companies, China Tobacco International (HK) Co ranks better than 56.52% 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 Tobacco International (HK) Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 80.64%.
The historical rank and industry rank for China Tobacco International (HK) Co's ROC (Joel Greenblatt) % or its related term are showing as below:
CTOBF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 40.08 Med: 192.11 Max: 1838.14
Current: 57.84
During the past 11 years, China Tobacco International (HK) Co's highest ROC (Joel Greenblatt) % was 1838.14%. The lowest was 40.08%. And the median was 192.11%.
CTOBF's ROC (Joel Greenblatt) % is ranked better than 56.52% of 46
companies
in the Tobacco Products industry
Industry Median: 36.8
vs CTOBF: 57.84
China Tobacco International (HK) Co (OTCPK:CTOBF) 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 Tobacco International (HK) Co ROC (Joel Greenblatt) % Chart
CTOBF vs PM, MO, TPB: ROC (Joel Greenblatt) % Comparison
For the Tobacco subindustry, China Tobacco International (HK) Co'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 Tobacco International (HK) Co ROC (Joel Greenblatt) % vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, China Tobacco International (HK) Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where China Tobacco International (HK) Co's ROC (Joel Greenblatt) % falls into.
China Tobacco International (HK) Co 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 (Jun. 2026) 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 80.64% mean?
China Tobacco International (HK) Co (CTOBF) has a ROC (Joel Greenblatt) % of 80.64% as of Jun. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on China Tobacco International (HK) Co and its competitors. This is 58% below median its historical median of 192.11. Over the past decade, China Tobacco International (HK) Co's ROC (Joel Greenblatt) % has ranged from 40.08 to 1,838.14. According to the industry distribution chart, China Tobacco International (HK) Co ranks #20 out of 46 companies in the Tobacco Products industry, placing it in the top 43.5%.
Is China Tobacco International (HK) Co's ROC (Joel Greenblatt) % too high?
China Tobacco International (HK) Co's current ROC (Joel Greenblatt) % of 80.64% is 58% below median its 10-year median of 192.11. Over the past 10 years, this metric has ranged from a low of 40.08 to a high of 1,838.14. The Tobacco Products industry median ROC (Joel Greenblatt) % is 36.80. China Tobacco International (HK) Co's value of 80.64% is 119.1% above this industry median. Based on the distribution chart, China Tobacco International (HK) Co ranks #20 out of 46 companies in the Tobacco Products industry, which is above the industry midpoint. Overall, China Tobacco International (HK) Co has a GF Score™ of 88/100, reflecting its overall financial health beyond just this single metric.
How does China Tobacco International (HK) Co's ROC (Joel Greenblatt) % compare to PM and MO?
According to the Tobacco Products industry distribution chart, China Tobacco International (HK) Co ranks #20 out of 46 companies for ROC (Joel Greenblatt) %. This puts China Tobacco International (HK) Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 36.80. China Tobacco International (HK) Co's value of 80.64% is 119.1% above this benchmark. Historically, China Tobacco International (HK) Co's own ROC (Joel Greenblatt) % has ranged from 40.08 to 1,838.14 over the past decade. While the company's 10-year median is 192.11 vs. the industry median of 36.80, China Tobacco International (HK) Co 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 Tobacco Products company?
The median ROC (Joel Greenblatt) % among Tobacco Products companies is 36.80, based on 46 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 Tobacco International (HK) Co's current ROC (Joel Greenblatt) % of 80.64% is 119.1% 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 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 Tobacco International (HK) Co and its competitors. For the Tobacco Products industry, the median ROC (Joel Greenblatt) % is 36.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Tobacco International (HK) Co's current ROC (Joel Greenblatt) % is 80.64%, which is 58% below median its own 10-year median of 192.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Tobacco International (HK) Co stock overvalued right now?
China Tobacco International (HK) Co (CTOBF) has a current ROC (Joel Greenblatt) % of 80.64%. The stock's GF Value™ is $1.93, compared to a current price of $2.05 — trading 6.2% above its estimated fair value. The current ROC (Joel Greenblatt) % is 80.64%, which is 58% below median its 10-year median of 192.11 and 119.1% above the Tobacco Products industry median of 36.80. China Tobacco International (HK) Co's overall GF Score™ is 88/100 with 2 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 Tobacco International (HK) Co (CTOBF), the current ROC (Joel Greenblatt) % is 80.64% as of Jun. 2026. 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 Tobacco International (HK) Co (CTOBF) Overvalued in 2026?
Based on GuruFocus' analysis, China Tobacco International (HK) Co stock appears to be overvalued.
The current stock price of $2.05 is trading 6.2% above its estimated GF Value™ of $1.93.
Key valuation signals for CTOBF:
ROC (Joel Greenblatt) %: 80.64% (58% below median its 10-year median of 192.11)
GF Value™: $1.93 vs. price of $2.05 (6.2% above fair value)
Industry Position: 119.1% above the Tobacco Products median (#20 of 46)
No single metric tells the full story. See the CTOBF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Tobacco International (HK) Co Ltd is engaged in the tobacco business. It operates through various segments namely the Tobacco Leaf Products Export Business, the Tobacco Leaf Product Import Business, the Cigarettes Export Business, the New Tobacco Product Export Business, and the Brazil Operation Business. The company's geographical segments are China (excluding the SARs), Indonesia, Korea, Hong Kong, Philippines, Vietnam, Brazil, Belgium, Poland, Paraguay, Egypt, and others, of which it derives maximum revenue from the PRC. It earns maximum revenue from the Tobacco Leaf Product Import Business.
88GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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