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China Merchants Port Holdings CoFRA:CPM +8.79%77 ROC (Joel Greenblatt) % is 28.79% as of Dec. 2025, which is 22% below its 10-year median of 36.82. GuruFocus rates FRA:CPM with a GF Score™ of 77/100 and a GF Value™ of €1.53 (Fairly Valued). The stock has 3 warning signs investors should review. Among 997 Transportation companies, China Merchants Port Holdings Co ranks better than 84.05% 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 Merchants Port Holdings Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 28.79%.
The historical rank and industry rank for China Merchants Port Holdings Co's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:CPM'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 27.95 Med: 36.82 Max: 45.88
Current: 32.53
During the past 13 years, China Merchants Port Holdings Co's highest ROC (Joel Greenblatt) % was 45.88%. The lowest was 27.95%. And the median was 36.82%.
FRA:CPM's ROC (Joel Greenblatt) % is ranked better than 84.05% of 997
companies
in the Transportation industry
Industry Median: 11.75
vs FRA:CPM: 32.53
China Merchants Port Holdings Co (FRA:CPM) 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 Merchants Port Holdings Co ROC (Joel Greenblatt) % Chart
China Merchants Port Holdings Co ROC (Joel Greenblatt) % Competitor Comparison
For the Marine Shipping subindustry, China Merchants Port Holdings 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 Merchants Port Holdings Co ROC (Joel Greenblatt) % vs Transportation Industry
For the Transportation industry and Industrials sector, China Merchants Port Holdings Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where China Merchants Port Holdings Co's ROC (Joel Greenblatt) % falls into.
China Merchants Port Holdings 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 (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 28.79% mean?
China Merchants Port Holdings Co (FRA:CPM) has a ROC (Joel Greenblatt) % of 28.79% 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 China Merchants Port Holdings Co and its competitors. This is 22% below median its historical median of 36.82. Over the past decade, China Merchants Port Holdings Co's ROC (Joel Greenblatt) % has ranged from 27.95 to 45.88. According to the industry distribution chart, China Merchants Port Holdings Co ranks #159 out of 997 companies in the Transportation industry, placing it in the top 15.9%.
Is China Merchants Port Holdings Co's ROC (Joel Greenblatt) % too high?
China Merchants Port Holdings Co's current ROC (Joel Greenblatt) % of 28.79% is 22% below median its 10-year median of 36.82. Over the past 10 years, this metric has ranged from a low of 27.95 to a high of 45.88. The Transportation industry median ROC (Joel Greenblatt) % is 11.75. China Merchants Port Holdings Co's value of 28.79% is 145% above this industry median. Based on the distribution chart, China Merchants Port Holdings Co ranks #159 out of 997 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, China Merchants Port Holdings Co has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does China Merchants Port Holdings Co's ROC (Joel Greenblatt) % compare to competitors?
According to the Transportation industry distribution chart, China Merchants Port Holdings Co ranks #159 out of 997 companies for ROC (Joel Greenblatt) %. This places China Merchants Port Holdings Co in the top 16% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.75. China Merchants Port Holdings Co's value of 28.79% is 145% above this benchmark. Historically, China Merchants Port Holdings Co's own ROC (Joel Greenblatt) % has ranged from 27.95 to 45.88 over the past decade. While the company's 10-year median is 36.82 vs. the industry median of 11.75, China Merchants Port Holdings 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 Transportation company?
The median ROC (Joel Greenblatt) % among Transportation companies is 11.75, based on 997 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 Merchants Port Holdings Co's current ROC (Joel Greenblatt) % of 28.79% is 145% 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 Merchants Port Holdings Co and its competitors. For the Transportation industry, the median ROC (Joel Greenblatt) % is 11.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Merchants Port Holdings Co's current ROC (Joel Greenblatt) % is 28.79%, which is 22% below median its own 10-year median of 36.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Merchants Port Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, China Merchants Port Holdings Co (FRA:CPM) is currently considered Fairly Valued. The stock's GF Value™ is €1.53, compared to a current price of €1.56 — trading 2% above its estimated fair value. The current ROC (Joel Greenblatt) % is 28.79%, which is 22% below median its 10-year median of 36.82 and 145% above the Transportation industry median of 11.75. China Merchants Port Holdings Co's overall GF Score™ is 77/100 with 3 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 Merchants Port Holdings Co (FRA:CPM), the current ROC (Joel Greenblatt) % is 28.79% 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 China Merchants Port Holdings Co (FRA:CPM) Overvalued in 2026?
Based on GuruFocus' analysis, China Merchants Port Holdings Co stock appears to be overvalued.
The current stock price of €1.56 is trading 2% above its estimated GF Value™ of €1.53.
GuruFocus considers China Merchants Port Holdings Co to be Fairly Valued.
Key valuation signals for FRA:CPM:
ROC (Joel Greenblatt) %: 28.79% (22% below median its 10-year median of 36.82)
GF Value™: €1.53 vs. price of €1.56 (2% above fair value)
Industry Position: 145% above the Transportation median (#159 of 997)
No single metric tells the full story. See the FRA:CPM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Merchants Port Holdings Co Business Description
China Merchants Port Holdings Co Ltd is a port service provider principally engaged in port operations, bonded logistics operations, and property investment. Its segments are port operations, bonded logistics operations, and other operations. Port operations generate maximum revenue, including container terminal operations and bulk and general cargo terminal operations conducted by the Group, its associates, and joint ventures across Mainland China, Hong Kong, and Taiwan, as well as other international locations. Bonded logistics operations include logistics park operations, port transportation, and airport cargo handling. Other operations mainly include property development and investment, logistics operations by associates, and corporate functions.
77GF Score
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