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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. China Changbaishan International Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 was 104.88%.
FRA:CL70'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -3048.92 Med: -1.06 Max: 61.44
Current: -3048.92
During the past 13 years, China Changbaishan International Holdings's highest ROC (Joel Greenblatt) % was 61.44%. The lowest was -3048.92%. And the median was -1.06%.
FRA:CL70's ROC (Joel Greenblatt) % is ranked worse than 98.46% of 1752
companies
in the Real Estate industry
Industry Median: 12.85
vs FRA:CL70: -3048.92
China Changbaishan International Holdings (FRA:CL70) 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 Changbaishan International Holdings ROC (Joel Greenblatt) % Chart
China Changbaishan International Holdings Annual Data
China Changbaishan International Holdings ROC (Joel Greenblatt) % Competitor Comparison
For the Real Estate - Development subindustry, China Changbaishan International 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 Changbaishan International Holdings ROC (Joel Greenblatt) % vs Real Estate Industry
China Changbaishan International 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 (Sep. 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 104.88% mean?
China Changbaishan International Holdings (FRA:CL70) has a ROC (Joel Greenblatt) % of 104.88% as of Sep. 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 Changbaishan International Holdings and its competitors. According to the industry distribution chart, China Changbaishan International Holdings ranks #1725 out of 1752 companies in the Real Estate industry, placing it in the top 98.5%.
Is China Changbaishan International Holdings' ROC (Joel Greenblatt) % too high?
China Changbaishan International Holdings' current ROC (Joel Greenblatt) % is 104.88%. The Real Estate industry median ROC (Joel Greenblatt) % is 12.85. China Changbaishan International Holdings' value of 104.88% is 716.2% above this industry median. Based on the distribution chart, China Changbaishan International Holdings ranks #1725 out of 1752 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, China Changbaishan International Holdings has a GF Score™ of 23/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does China Changbaishan International Holdings' ROC (Joel Greenblatt) % compare to competitors?
According to the Real Estate industry distribution chart, China Changbaishan International Holdings ranks #1725 out of 1752 companies for ROC (Joel Greenblatt) %. This places China Changbaishan International Holdings in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 12.85. China Changbaishan International Holdings' value of 104.88% is 716.2% above this benchmark. 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 12.85, based on 1,752 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 Changbaishan International Holdings's current ROC (Joel Greenblatt) % of 104.88% is 716.2% 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 Changbaishan International Holdings and its competitors. For the Real Estate industry, the median ROC (Joel Greenblatt) % is 12.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Changbaishan International Holdings's current ROC (Joel Greenblatt) % is 104.88%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Changbaishan International Holdings stock overvalued right now?
Based on GuruFocus' analysis, China Changbaishan International Holdings (FRA:CL70) is currently considered Possible Value Trap. The stock's GF Value™ is €0.08, compared to a current price of €0.05 — trading 35% below its estimated fair value. The current ROC (Joel Greenblatt) % is 104.88% and 716.2% above the Real Estate industry median of 12.85. China Changbaishan International Holdings' overall GF Score™ is 23/100 with 5 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 Changbaishan International Holdings (FRA:CL70), the current ROC (Joel Greenblatt) % is 104.88% as of Sep. 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 Changbaishan International Holdings (FRA:CL70) Overvalued in 2026?
Based on GuruFocus' analysis, China Changbaishan International Holdings stock appears to be undervalued.
The current stock price of €0.05 is trading 35% below its estimated GF Value™ of €0.08.
GuruFocus considers China Changbaishan International Holdings to be Possible Value Trap.
Key valuation signals for FRA:CL70:
ROC (Joel Greenblatt) %: 104.88%
GF Value™: €0.08 vs. price of €0.05 (35% below fair value)
Industry Position: 716.2% above the Real Estate median (#1725 of 1752)
No single metric tells the full story. See the FRA:CL70 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Changbaishan International Holdings Business Description
China Changbaishan International Holdings Ltd Formerly Hua Yin International Holdings Ltd is an investment holding company. Along with its subsidiaries, it is principally engaged in property development and management, including planning, designing, budgeting, licensing, contract tendering, and contract administration; and property investment. The group's reportable segments are Property development and management, which derives maximum revenue, and Property investment. Geographically, the group derives all of its revenue from the People's Republic of China (PRC).
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