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.
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.
Chow Tai Fook Jewellery GroupFRA:1CT +0.78%93 ROC (Joel Greenblatt) % is 38.89% as of Mar. 2026, which is 98% above its 10-year median of 19.68. GuruFocus rates FRA:1CT with a GF Score™ of 93/100 and a GF Value™ of €1.19 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,126 Retail - Cyclical companies, Chow Tai Fook Jewellery Group ranks better than 76.11% 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. Chow Tai Fook Jewellery Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 38.89%.
The historical rank and industry rank for Chow Tai Fook Jewellery Group's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:1CT'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 11.71 Med: 19.68 Max: 30.48
Current: 29.31
During the past 13 years, Chow Tai Fook Jewellery Group's highest ROC (Joel Greenblatt) % was 30.48%. The lowest was 11.71%. And the median was 19.68%.
FRA:1CT's ROC (Joel Greenblatt) % is ranked better than 76.11% of 1126
companies
in the Retail - Cyclical industry
Industry Median: 11.57
vs FRA:1CT: 29.31
Chow Tai Fook Jewellery Group (FRA:1CT) 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.
Chow Tai Fook Jewellery Group ROC (Joel Greenblatt) % Chart
FRA:1CT vs TPR: ROC (Joel Greenblatt) % Comparison
For the Luxury Goods subindustry, Chow Tai Fook Jewellery Group'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.
Chow Tai Fook Jewellery Group ROC (Joel Greenblatt) % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Chow Tai Fook Jewellery Group's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Chow Tai Fook Jewellery Group's ROC (Joel Greenblatt) % falls into.
Chow Tai Fook Jewellery Group 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 (Mar. 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 38.89% mean?
Chow Tai Fook Jewellery Group (FRA:1CT) has a ROC (Joel Greenblatt) % of 38.89% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Chow Tai Fook Jewellery Group and its competitors. This is 98% above median its historical median of 19.68. Over the past decade, Chow Tai Fook Jewellery Group's ROC (Joel Greenblatt) % has ranged from 11.71 to 30.48. According to the industry distribution chart, Chow Tai Fook Jewellery Group ranks #269 out of 1126 companies in the Retail - Cyclical industry, placing it in the top 23.9%.
Is Chow Tai Fook Jewellery Group's ROC (Joel Greenblatt) % too high?
Chow Tai Fook Jewellery Group's current ROC (Joel Greenblatt) % of 38.89% is 98% above median its 10-year median of 19.68. Over the past 10 years, this metric has ranged from a low of 11.71 to a high of 30.48. The Retail - Cyclical industry median ROC (Joel Greenblatt) % is 11.57. Chow Tai Fook Jewellery Group's value of 38.89% is 236.1% above this industry median. Based on the distribution chart, Chow Tai Fook Jewellery Group ranks #269 out of 1126 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Chow Tai Fook Jewellery Group has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Chow Tai Fook Jewellery Group's ROC (Joel Greenblatt) % compare to TPR?
According to the Retail - Cyclical industry distribution chart, Chow Tai Fook Jewellery Group ranks #269 out of 1126 companies for ROC (Joel Greenblatt) %. This places Chow Tai Fook Jewellery Group in the top 24% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.57. Chow Tai Fook Jewellery Group's value of 38.89% is 236.1% above this benchmark. Historically, Chow Tai Fook Jewellery Group's own ROC (Joel Greenblatt) % has ranged from 11.71 to 30.48 over the past decade. While the company's 10-year median is 19.68 vs. the industry median of 11.57, Chow Tai Fook Jewellery Group 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 Retail - Cyclical company?
The median ROC (Joel Greenblatt) % among Retail - Cyclical companies is 11.57, based on 1,126 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. Chow Tai Fook Jewellery Group's current ROC (Joel Greenblatt) % of 38.89% is 236.1% 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 Chow Tai Fook Jewellery Group and its competitors. For the Retail - Cyclical industry, the median ROC (Joel Greenblatt) % is 11.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chow Tai Fook Jewellery Group's current ROC (Joel Greenblatt) % is 38.89%, which is 98% above median its own 10-year median of 19.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chow Tai Fook Jewellery Group stock overvalued right now?
Based on GuruFocus' analysis, Chow Tai Fook Jewellery Group (FRA:1CT) is currently considered Fairly Valued. The stock's GF Value™ is €1.19, compared to a current price of €1.30 — trading 9.2% above its estimated fair value. The current ROC (Joel Greenblatt) % is 38.89%, which is 98% above median its 10-year median of 19.68 and 236.1% above the Retail - Cyclical industry median of 11.57. Chow Tai Fook Jewellery Group's overall GF Score™ is 93/100 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 Chow Tai Fook Jewellery Group (FRA:1CT), the current ROC (Joel Greenblatt) % is 38.89% as of Mar. 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 Chow Tai Fook Jewellery Group (FRA:1CT) Overvalued in 2026?
Based on GuruFocus' analysis, Chow Tai Fook Jewellery Group stock appears to be overvalued.
The current stock price of €1.30 is trading 9.2% above its estimated GF Value™ of €1.19.
GuruFocus considers Chow Tai Fook Jewellery Group to be Fairly Valued.
Key valuation signals for FRA:1CT:
ROC (Joel Greenblatt) %: 38.89% (98% above median its 10-year median of 19.68)
GF Value™: €1.19 vs. price of €1.30 (9.2% above fair value)
Industry Position: 236.1% above the Retail - Cyclical median (#269 of 1126)
No single metric tells the full story. See the FRA:1CT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chow Tai Fook Jewellery Group Business Description
Chow Tai Fook Jewellery Group Ltd core business is the manufacturing and selling of high-end luxury, mass luxury, and youth line jewellery products, and the distribution of watches of various brands. Its brand portfolio includes Chow Tai Fook, Hearts On Fire, Enzo and Monologue, offering a wide multiple products and an expanding range of IP collaborations. The Group's offerings include high jewellery collections and Chow Tai Fook Home, a luxury home decor category. Geographically, the Group operates through Mainland China, Hong Kong, Macau and other markets, with Mainland China contributing the majority of revenue.
93GF Score
Get the complete analysis for FRA:1CT
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:1CT has been successfully added to your 
