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Tongguan Gold GroupFRA:INU0 +2.13%55 ROC (Joel Greenblatt) % is 32.68% as of Dec. 2025, which is 2433% above its 10-year median of 1.29. GuruFocus rates FRA:INU0 with a GF Score™ of 55/100 and a GF Value™ of €0.02 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,503 Metals & Mining companies, Tongguan Gold Group ranks better than 89.77% 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. Tongguan Gold Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 32.68%.
The historical rank and industry rank for Tongguan Gold Group's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:INU0'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -24.45 Med: 1.29 Max: 29.35
Current: 29.35
During the past 13 years, Tongguan Gold Group's highest ROC (Joel Greenblatt) % was 29.35%. The lowest was -24.45%. And the median was 1.29%.
FRA:INU0's ROC (Joel Greenblatt) % is ranked better than 89.77% of 2503
companies
in the Metals & Mining industry
Industry Median: -22.23
vs FRA:INU0: 29.35
Tongguan Gold Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Tongguan Gold Group (FRA:INU0) 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.
Tongguan Gold Group ROC (Joel Greenblatt) % Related Terms
Tongguan Gold Group ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Tongguan Gold 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.
FRA:INU0 vs NEM, AU, RGLD: ROC (Joel Greenblatt) % Comparison
For the Gold subindustry, Tongguan Gold 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.
Tongguan Gold Group ROC (Joel Greenblatt) % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Tongguan Gold Group's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Tongguan Gold Group's ROC (Joel Greenblatt) % falls into.
Tongguan Gold 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 32.68% mean?
Tongguan Gold Group (FRA:INU0) has a ROC (Joel Greenblatt) % of 32.68% 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 Tongguan Gold Group and its competitors. This is 2433% above median its historical median of 1.29. According to the industry distribution chart, Tongguan Gold Group ranks #256 out of 2503 companies in the Metals & Mining industry, placing it in the top 10.2%.
Is Tongguan Gold Group's ROC (Joel Greenblatt) % too high?
Tongguan Gold Group's current ROC (Joel Greenblatt) % of 32.68% is 2433% above median its 10-year median of 1.29. Based on the distribution chart, Tongguan Gold Group ranks #256 out of 2503 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Tongguan Gold Group has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tongguan Gold Group's ROC (Joel Greenblatt) % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Tongguan Gold Group ranks #256 out of 2503 companies for ROC (Joel Greenblatt) %. This places Tongguan Gold Group in the top 10% of its industry — outperforming the majority of peers. 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 Metals & Mining company?
A good ROC (Joel Greenblatt) % depends on the Metals & Mining industry context. 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 Tongguan Gold Group and its competitors. Tongguan Gold Group's current ROC (Joel Greenblatt) % is 32.68%, which is 2433% above median its own 10-year median of 1.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tongguan Gold Group stock overvalued right now?
Based on GuruFocus' analysis, Tongguan Gold Group (FRA:INU0) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.02, compared to a current price of €0.30 — trading 1383% above its estimated fair value. The current ROC (Joel Greenblatt) % is 32.68%, which is 2433% above median its 10-year median of 1.29. Tongguan Gold Group's overall GF Score™ is 55/100 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 Tongguan Gold Group (FRA:INU0), the current ROC (Joel Greenblatt) % is 32.68% 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 Tongguan Gold Group (FRA:INU0) Overvalued in 2026?
Based on GuruFocus' analysis, Tongguan Gold Group stock appears to be overvalued.
The current stock price of €0.30 is trading 1383% above its estimated GF Value™ of €0.02.
GuruFocus considers Tongguan Gold Group to be Significantly Overvalued.
Key valuation signals for FRA:INU0:
ROC (Joel Greenblatt) %: 32.68% (2433% above median its 10-year median of 1.29)
GF Value™: €0.02 vs. price of €0.30 (1383% above fair value)
No single metric tells the full story. See the FRA:INU0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tongguan Gold Group Ltd operates as an investment holding company. It is engaged in (i) gold mining operation, which is sale of mine-produced gold, including gold concentrate, gold bullion and related products, that contains of gold exploration, mining, processing and/or smelting operations; and (ii) gold recycling, which is purchasing the gold related materials, refining and sale of gold bullion. The Group's gold mining operation and gold recycling are mainly carried out in the People's Republic of China (the PRC).
55GF Score
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