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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. Zhong An Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -27.63%.
The historical rank and industry rank for Zhong An Group's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:35Z'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -6.44 Med: 15.13 Max: 32.25
Current: -6.44
During the past 13 years, Zhong An Group's highest ROC (Joel Greenblatt) % was 32.25%. The lowest was -6.44%. And the median was 15.13%.
FRA:35Z's ROC (Joel Greenblatt) % is ranked worse than 81.18% of 1748
companies
in the Real Estate industry
Industry Median: 12.89
vs FRA:35Z: -6.44
Zhong An Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Zhong An Group (FRA:35Z) 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.
Zhong An Group ROC (Joel Greenblatt) % Related Terms
Zhong An Group ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Zhong An Group'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.
Zhong An Group ROC (Joel Greenblatt) % Competitor Comparison
For the Real Estate - Development subindustry, Zhong An 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.
Zhong An Group ROC (Joel Greenblatt) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Zhong An Group's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Zhong An Group's ROC (Joel Greenblatt) % falls into.
Zhong An 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 (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 -27.63% mean?
Zhong An Group (FRA:35Z) has a ROC (Joel Greenblatt) % of -27.63% 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 Zhong An Group and its competitors. According to the industry distribution chart, Zhong An Group ranks #1419 out of 1748 companies in the Real Estate industry, placing it in the top 81.2%.
Is Zhong An Group's ROC (Joel Greenblatt) % too high?
Zhong An Group's current ROC (Joel Greenblatt) % is -27.63%. Based on the distribution chart, Zhong An Group ranks #1419 out of 1748 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Zhong An Group has a GF Score™ of 43/100, reflecting its overall financial health beyond just this single metric.
How does Zhong An Group's ROC (Joel Greenblatt) % compare to competitors?
According to the Real Estate industry distribution chart, Zhong An Group ranks #1419 out of 1748 companies for ROC (Joel Greenblatt) %. This places Zhong An Group in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 12.89. 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 12.89, based on 1,748 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. 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 Zhong An Group and its competitors. For the Real Estate industry, the median ROC (Joel Greenblatt) % is 12.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhong An Group's current ROC (Joel Greenblatt) % is -27.63%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhong An Group stock overvalued right now?
Zhong An Group (FRA:35Z) has a current ROC (Joel Greenblatt) % of -27.63%. The stock's GF Value™ is €0.01, compared to a current price of €0.00 — trading 60% below its estimated fair value. The current ROC (Joel Greenblatt) % is -27.63%. Zhong An Group's overall GF Score™ is 43/100 with 8 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 Zhong An Group (FRA:35Z), the current ROC (Joel Greenblatt) % is -27.63% 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 Zhong An Group (FRA:35Z) Overvalued in 2026?
Based on GuruFocus' analysis, Zhong An Group stock appears to be undervalued.
The current stock price of €0.00 is trading 60% below its estimated GF Value™ of €0.01.
Key valuation signals for FRA:35Z:
ROC (Joel Greenblatt) %: -27.63%
GF Value™: €0.01 vs. price of €0.00 (60% below fair value)
No single metric tells the full story. See the FRA:35Z stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhong An Group Ltd is an investment holding. It is engaged in property development, property leasing, and hotel operations. The operating segments of the group are the the Residential segment develops and sells residential properties, and provides property management services, project management services and other services to residential properties in Chinese Mainland and Canada; and the commercial segment develops and sells commercial properties, leases investment properties, owns and operates hotels and provides project management services and other services to commercial properties in Chinese Mainland, Japan and United Kingdom. It generates the majority of the revenue from the Residential segment.
43GF Score
Get the complete analysis for FRA:35Z
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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