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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. Shengli Oil & Gas Pipe Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 7.58%.
The historical rank and industry rank for Shengli Oil & Gas Pipe Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:GSG'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -37.66 Med: -10.74 Max: -0.54
Current: -1.92
During the past 13 years, Shengli Oil & Gas Pipe Holdings's highest ROC (Joel Greenblatt) % was -0.54%. The lowest was -37.66%. And the median was -10.74%.
FRA:GSG's ROC (Joel Greenblatt) % is ranked worse than 69.94% of 1008
companies
in the Oil & Gas industry
Industry Median: 8.65
vs FRA:GSG: -1.92
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.
FRA:GSG vs SLB, BKR, FTI: ROC (Joel Greenblatt) % Comparison
For the Oil & Gas Equipment & Services subindustry, Shengli Oil & Gas Pipe 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.
Shengli Oil & Gas Pipe Holdings ROC (Joel Greenblatt) % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Shengli Oil & Gas Pipe Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Shengli Oil & Gas Pipe Holdings's ROC (Joel Greenblatt) % falls into.
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 7.58% mean?
Shengli Oil & Gas Pipe Holdings (FRA:GSG) has a ROC (Joel Greenblatt) % of 7.58% 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 Shengli Oil & Gas Pipe Holdings and its competitors. According to the industry distribution chart, Shengli Oil & Gas Pipe Holdings ranks #705 out of 1008 companies in the Oil & Gas industry, placing it in the top 69.9%.
Is Shengli Oil & Gas Pipe Holdings' ROC (Joel Greenblatt) % too high?
Shengli Oil & Gas Pipe Holdings' current ROC (Joel Greenblatt) % is 7.58%. The Oil & Gas industry median ROC (Joel Greenblatt) % is 8.65. Shengli Oil & Gas Pipe Holdings' value of 7.58% is 12.4% below this industry median. Based on the distribution chart, Shengli Oil & Gas Pipe Holdings ranks #705 out of 1008 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Shengli Oil & Gas Pipe Holdings has a GF Score™ of 40/100, reflecting its overall financial health beyond just this single metric.
How does Shengli Oil & Gas Pipe Holdings' ROC (Joel Greenblatt) % compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Shengli Oil & Gas Pipe Holdings ranks #705 out of 1008 companies for ROC (Joel Greenblatt) %. This places Shengli Oil & Gas Pipe Holdings in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 8.65. Shengli Oil & Gas Pipe Holdings' value of 7.58% is 12.4% below 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 an Oil & Gas company?
The median ROC (Joel Greenblatt) % among Oil & Gas companies is 8.65, based on 1,008 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. Shengli Oil & Gas Pipe Holdings's current ROC (Joel Greenblatt) % of 7.58% is 12.4% below 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 Shengli Oil & Gas Pipe Holdings and its competitors. For the Oil & Gas industry, the median ROC (Joel Greenblatt) % is 8.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shengli Oil & Gas Pipe Holdings's current ROC (Joel Greenblatt) % is 7.58%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shengli Oil & Gas Pipe Holdings stock overvalued right now?
Shengli Oil & Gas Pipe Holdings (FRA:GSG) has a current ROC (Joel Greenblatt) % of 7.58%. The stock's GF Value™ is €0.01, compared to a current price of €0.01 — trading 50% below its estimated fair value. The current ROC (Joel Greenblatt) % is 7.58% and 12.4% below the Oil & Gas industry median of 8.65. Shengli Oil & Gas Pipe Holdings' overall GF Score™ is 40/100 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 Shengli Oil & Gas Pipe Holdings (FRA:GSG), the current ROC (Joel Greenblatt) % is 7.58% 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 Shengli Oil & Gas Pipe Holdings (FRA:GSG) Overvalued in 2026?
Based on GuruFocus' analysis, Shengli Oil & Gas Pipe Holdings stock appears to be undervalued.
The current stock price of €0.01 is trading 50% below its estimated GF Value™ of €0.01.
Key valuation signals for FRA:GSG:
ROC (Joel Greenblatt) %: 7.58%
GF Value™: €0.01 vs. price of €0.01 (50% below fair value)
Industry Position: 12.4% below the Oil & Gas median (#705 of 1008)
No single metric tells the full story. See the FRA:GSG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shengli Oil & Gas Pipe Holdings Ltd is an oil and gas pipe manufacturer in China. It focuses on the design, manufacturing, value-added processing, and servicing of submerged-arc helical welded pipes (SAWH pipes) and submerged-arc longitudinal welded pipes (SAWL pipes), that are used to transport crude oil, refined petroleum products, natural gas, and other related products. It operates two reportable segments which comprise the pipes business and trading business. The majority of the revenue is derived from the pipes business segment that involves the production of submerged-arc helical welded pipes and submerged-arc longitudinal welded pipes which are mainly used for the oil and infrastructure industry. Geographically it derives revenue from Mainland China and Hong Kong.
40GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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