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China Railway ConstructionFRA:4FF 68 ROC (Joel Greenblatt) % is 39.70% as of Mar. 2026, which is 30% below its 10-year median of 56.61. GuruFocus rates FRA:4FF with a GF Score™ of 68/100 and a GF Value™ of €0.74. The stock has 6 warning signs investors should review. Among 1,782 Construction companies, China Railway Construction ranks better than 73.63% 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 Railway Construction's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 39.70%.
The historical rank and industry rank for China Railway Construction's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:4FF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 43.85 Med: 56.61 Max: 57.49
Current: 43.85
During the past 13 years, China Railway Construction's highest ROC (Joel Greenblatt) % was 57.49%. The lowest was 43.85%. And the median was 56.61%.
FRA:4FF's ROC (Joel Greenblatt) % is ranked better than 73.63% of 1782
companies
in the Construction industry
Industry Median: 19.6
vs FRA:4FF: 43.85
China Railway Construction (FRA:4FF) 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 Railway Construction ROC (Joel Greenblatt) % Chart
FRA:4FF vs PWR, FIX, EME: ROC (Joel Greenblatt) % Comparison
For the Engineering & Construction subindustry, China Railway Construction'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 Railway Construction ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, China Railway Construction's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where China Railway Construction's ROC (Joel Greenblatt) % falls into.
China Railway Construction 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 four times the quarterly (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 39.70% mean?
China Railway Construction (FRA:4FF) has a ROC (Joel Greenblatt) % of 39.70% 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 China Railway Construction and its competitors. This is 30% below median its historical median of 56.61. Over the past decade, China Railway Construction's ROC (Joel Greenblatt) % has ranged from 43.85 to 57.49. According to the industry distribution chart, China Railway Construction ranks #470 out of 1782 companies in the Construction industry, placing it in the top 26.4%.
Is China Railway Construction's ROC (Joel Greenblatt) % too high?
China Railway Construction's current ROC (Joel Greenblatt) % of 39.70% is 30% below median its 10-year median of 56.61. Over the past 10 years, this metric has ranged from a low of 43.85 to a high of 57.49. The Construction industry median ROC (Joel Greenblatt) % is 19.60. China Railway Construction's value of 39.70% is 102.6% above this industry median. Based on the distribution chart, China Railway Construction ranks #470 out of 1782 companies in the Construction industry, which is above the industry midpoint. Overall, China Railway Construction has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does China Railway Construction's ROC (Joel Greenblatt) % compare to PWR and FIX?
According to the Construction industry distribution chart, China Railway Construction ranks #470 out of 1782 companies for ROC (Joel Greenblatt) %. This puts China Railway Construction in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 19.60. China Railway Construction's value of 39.70% is 102.6% above this benchmark. Historically, China Railway Construction's own ROC (Joel Greenblatt) % has ranged from 43.85 to 57.49 over the past decade. While the company's 10-year median is 56.61 vs. the industry median of 19.60, China Railway Construction 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 Construction company?
The median ROC (Joel Greenblatt) % among Construction companies is 19.60, based on 1,782 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 Railway Construction's current ROC (Joel Greenblatt) % of 39.70% is 102.6% 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 Railway Construction and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Railway Construction's current ROC (Joel Greenblatt) % is 39.70%, which is 30% below median its own 10-year median of 56.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Railway Construction stock overvalued right now?
China Railway Construction (FRA:4FF) has a current ROC (Joel Greenblatt) % of 39.70%. The stock's GF Value™ is €0.74, compared to a current price of €0.64 — trading 13.5% below its estimated fair value. The current ROC (Joel Greenblatt) % is 39.70%, which is 30% below median its 10-year median of 56.61 and 102.6% above the Construction industry median of 19.60. China Railway Construction's overall GF Score™ is 68/100 with 6 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 Railway Construction (FRA:4FF), the current ROC (Joel Greenblatt) % is 39.70% 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 China Railway Construction (FRA:4FF) Overvalued in 2026?
Based on GuruFocus' analysis, China Railway Construction stock appears to be undervalued.
The current stock price of €0.64 is trading 13.5% below its estimated GF Value™ of €0.74.
Key valuation signals for FRA:4FF:
ROC (Joel Greenblatt) %: 39.70% (30% below median its 10-year median of 56.61)
GF Value™: €0.74 vs. price of €0.64 (13.5% below fair value)
Industry Position: 102.6% above the Construction median (#470 of 1782)
No single metric tells the full story. See the FRA:4FF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Railway Construction Corp Ltd operates as an infrastructure construction firm. It largely derives contracting revenue. It builds railways, highways and municipal works, such as subways and light rail systems. The company also engages in survey and design, manufacturing, logistics, and property development. It operates the following business segments: Engineering contracting business, Planning, design and consultancy, Manufacturing operation, Real estate development operation, Materials and logistics and other businesses. The firm's revenue gets dominated by the Engineering contracting business segment that engages in the construction of infrastructure such as railways, highways, metropolitan railways, and real estate projects.
68GF Score
Get the complete analysis for FRA:4FF
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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