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China Unicom (Hong Kong)FRA:XCI 83 ROC (Joel Greenblatt) % is 1.14% as of Dec. 2025, which is 76% below its 10-year median of 4.82. GuruFocus rates FRA:XCI with a GF Score™ of 83/100 and a GF Value™ of €0.91. The stock has 3 warning signs investors should review. Among 363 Telecommunication Services companies, China Unicom (Hong Kong) ranks worse than 65.84% 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 Unicom (Hong Kong)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 1.14%.
The historical rank and industry rank for China Unicom (Hong Kong)'s ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:XCI'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.21 Med: 4.82 Max: 7.12
Current: 6.65
During the past 13 years, China Unicom (Hong Kong)'s highest ROC (Joel Greenblatt) % was 7.12%. The lowest was 1.21%. And the median was 4.82%.
FRA:XCI's ROC (Joel Greenblatt) % is ranked worse than 65.84% of 363
companies
in the Telecommunication Services industry
Industry Median: 14.98
vs FRA:XCI: 6.65
China Unicom (Hong Kong)'s 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 9.60% per year.
China Unicom (Hong Kong) (FRA:XCI) 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.
China Unicom (Hong Kong) ROC (Joel Greenblatt) % Related Terms
China Unicom (Hong Kong) ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for China Unicom (Hong Kong)'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.
China Unicom (Hong Kong) ROC (Joel Greenblatt) % Chart
FRA:XCI vs TMUS, VZ, T: ROC (Joel Greenblatt) % Comparison
For the Telecom Services subindustry, China Unicom (Hong Kong)'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 Unicom (Hong Kong) ROC (Joel Greenblatt) % vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, China Unicom (Hong Kong)'s ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where China Unicom (Hong Kong)'s ROC (Joel Greenblatt) % falls into.
China Unicom (Hong Kong) 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 (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 1.14% mean?
China Unicom (Hong Kong) (FRA:XCI) has a ROC (Joel Greenblatt) % of 1.14% 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 Unicom (Hong Kong) and its competitors. This is 76% below median its historical median of 4.82. Over the past decade, China Unicom (Hong Kong)'s ROC (Joel Greenblatt) % has ranged from 1.21 to 7.12. According to the industry distribution chart, China Unicom (Hong Kong) ranks #239 out of 363 companies in the Telecommunication Services industry, placing it in the top 65.8%.
Is China Unicom (Hong Kong)'s ROC (Joel Greenblatt) % too high?
China Unicom (Hong Kong)'s current ROC (Joel Greenblatt) % of 1.14% is 76% below median its 10-year median of 4.82. Over the past 10 years, this metric has ranged from a low of 1.21 to a high of 7.12. The Telecommunication Services industry median ROC (Joel Greenblatt) % is 14.98. China Unicom (Hong Kong)'s value of 1.14% is 92.4% below this industry median. Based on the distribution chart, China Unicom (Hong Kong) ranks #239 out of 363 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, China Unicom (Hong Kong) has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does China Unicom (Hong Kong)'s ROC (Joel Greenblatt) % compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, China Unicom (Hong Kong) ranks #239 out of 363 companies for ROC (Joel Greenblatt) %. This places China Unicom (Hong Kong) in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 14.98. China Unicom (Hong Kong)'s value of 1.14% is 92.4% below this benchmark. Historically, China Unicom (Hong Kong)'s own ROC (Joel Greenblatt) % has ranged from 1.21 to 7.12 over the past decade. While the company's 10-year median is 4.82 vs. the industry median of 14.98, China Unicom (Hong Kong) has consistently been below 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 Telecommunication Services company?
The median ROC (Joel Greenblatt) % among Telecommunication Services companies is 14.98, based on 363 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 Unicom (Hong Kong)'s current ROC (Joel Greenblatt) % of 1.14% is 92.4% 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 China Unicom (Hong Kong) and its competitors. For the Telecommunication Services industry, the median ROC (Joel Greenblatt) % is 14.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Unicom (Hong Kong)'s current ROC (Joel Greenblatt) % is 1.14%, which is 76% below median its own 10-year median of 4.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Unicom (Hong Kong) stock overvalued right now?
China Unicom (Hong Kong) (FRA:XCI) has a current ROC (Joel Greenblatt) % of 1.14%. The stock's GF Value™ is €0.91, compared to a current price of €0.78 — trading 14.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is 1.14%, which is 76% below median its 10-year median of 4.82 and 92.4% below the Telecommunication Services industry median of 14.98. China Unicom (Hong Kong)'s overall GF Score™ is 83/100 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 Unicom (Hong Kong) (FRA:XCI), the current ROC (Joel Greenblatt) % is 1.14% 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 Unicom (Hong Kong) (FRA:XCI) Overvalued in 2026?
Based on GuruFocus' analysis, China Unicom (Hong Kong) stock appears to be undervalued.
The current stock price of €0.78 is trading 14.3% below its estimated GF Value™ of €0.91.
Key valuation signals for FRA:XCI:
ROC (Joel Greenblatt) %: 1.14% (76% below median its 10-year median of 4.82)
GF Value™: €0.91 vs. price of €0.78 (14.3% below fair value)
Industry Position: 92.4% below the Telecommunication Services median (#239 of 363)
No single metric tells the full story. See the FRA:XCI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Unicom is the incumbent fixed-line operator in 10 northern Chinese provinces, as well as the third-largest wireless operator nationwide. As of June 2025, it had around 355 million billing wireless customers and over 125 million fixed-line subscribers. China Unicom also has a growing ICT business. We estimate it has the third largest internet data center business in China with 420,000 cabinets and its Cloud Service revenue is also showing strong growth. It has its own 4G network and shares the radio access function with China Telecom for its 5G network.
83GF Score
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