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. Shougang Fushan Resources Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 7.87%.
The historical rank and industry rank for Shougang Fushan Resources Group's ROC (Joel Greenblatt) % or its related term are showing as below:
FSHYF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.3 Med: 14.48 Max: 41.63
Current: 10.52
During the past 13 years, Shougang Fushan Resources Group's highest ROC (Joel Greenblatt) % was 41.63%. The lowest was 1.30%. And the median was 14.48%.
FSHYF's ROC (Joel Greenblatt) % is ranked better than 62.12% of 631
companies
in the Steel industry
Industry Median: 7
vs FSHYF: 10.52
Shougang Fushan Resources Group (OTCPK:FSHYF) 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.
Shougang Fushan Resources Group ROC (Joel Greenblatt) % Chart
FSHYF vs HCC, AMR, METC: ROC (Joel Greenblatt) % Comparison
For the Coking Coal subindustry, Shougang Fushan Resources 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.
Shougang Fushan Resources Group ROC (Joel Greenblatt) % vs Steel Industry
For the Steel industry and Basic Materials sector, Shougang Fushan Resources Group's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Shougang Fushan Resources Group's ROC (Joel Greenblatt) % falls into.
Shougang Fushan Resources 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 7.87% mean?
Shougang Fushan Resources Group (FSHYF) has a ROC (Joel Greenblatt) % of 7.87% 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 Shougang Fushan Resources Group and its competitors. This is 46% below median its historical median of 14.48. Over the past decade, Shougang Fushan Resources Group's ROC (Joel Greenblatt) % has ranged from 1.30 to 41.63. According to the industry distribution chart, Shougang Fushan Resources Group ranks #239 out of 631 companies in the Steel industry, placing it in the top 37.9%.
Is Shougang Fushan Resources Group's ROC (Joel Greenblatt) % too high?
Shougang Fushan Resources Group's current ROC (Joel Greenblatt) % of 7.87% is 46% below median its 10-year median of 14.48. Over the past 10 years, this metric has ranged from a low of 1.30 to a high of 41.63. The Steel industry median ROC (Joel Greenblatt) % is 7.00. Shougang Fushan Resources Group's value of 7.87% is 12.4% above this industry median. Based on the distribution chart, Shougang Fushan Resources Group ranks #239 out of 631 companies in the Steel industry, which is above the industry midpoint. Overall, Shougang Fushan Resources Group has a GF Score™ of 59/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shougang Fushan Resources Group's ROC (Joel Greenblatt) % compare to HCC and AMR?
According to the Steel industry distribution chart, Shougang Fushan Resources Group ranks #239 out of 631 companies for ROC (Joel Greenblatt) %. This puts Shougang Fushan Resources Group in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 7.00. Shougang Fushan Resources Group's value of 7.87% is 12.4% above this benchmark. Historically, Shougang Fushan Resources Group's own ROC (Joel Greenblatt) % has ranged from 1.30 to 41.63 over the past decade. While the company's 10-year median is 14.48 vs. the industry median of 7.00, Shougang Fushan Resources Group 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 Steel company?
The median ROC (Joel Greenblatt) % among Steel companies is 7.00, based on 631 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. Shougang Fushan Resources Group's current ROC (Joel Greenblatt) % of 7.87% is 12.4% 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 Shougang Fushan Resources Group and its competitors. For the Steel industry, the median ROC (Joel Greenblatt) % is 7.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shougang Fushan Resources Group's current ROC (Joel Greenblatt) % is 7.87%, which is 46% below median its own 10-year median of 14.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shougang Fushan Resources Group stock overvalued right now?
Based on GuruFocus' analysis, Shougang Fushan Resources Group (FSHYF) is currently considered Fairly Valued. The stock's GF Value™ is $0.33, compared to a current price of $0.31 — trading 4.6% below its estimated fair value. The current ROC (Joel Greenblatt) % is 7.87%, which is 46% below median its 10-year median of 14.48 and 12.4% above the Steel industry median of 7.00. Shougang Fushan Resources Group's overall GF Score™ is 59/100 with 7 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 Shougang Fushan Resources Group (FSHYF), the current ROC (Joel Greenblatt) % is 7.87% 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 Shougang Fushan Resources Group (FSHYF) Overvalued in 2026?
Based on GuruFocus' analysis, Shougang Fushan Resources Group stock appears to be undervalued.
The current stock price of $0.31 is trading 4.6% below its estimated GF Value™ of $0.33.
GuruFocus considers Shougang Fushan Resources Group to be Fairly Valued.
Key valuation signals for FSHYF:
ROC (Joel Greenblatt) %: 7.87% (46% below median its 10-year median of 14.48)
GF Value™: $0.33 vs. price of $0.31 (4.6% below fair value)
Industry Position: 12.4% above the Steel median (#239 of 631)
No single metric tells the full story. See the FSHYF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shougang Fushan Resources Group Business Description
Shougang Fushan Resources Group Ltd is engaged in coking coal mining, producing, and selling coking coal products in the PRC. It derives revenue from the sale of clean coking coal, sales of self-produced by-products and trading of coal products. The Group operates coking coal mines and coal preparation plants. It has three premium operating coking coal mines in Liulin County, Shanxi Province (Xingwu Coal Mine, Jinjiazhuang Coal Mine and Zhaiyadi Coal Mine), along with three premium coking coal mines and the associated coal preparation plants for the production of raw and clean coking coal. The Group has a business presence in the PRC and Hong Kong. The Group generates overall revenue from the PRC.
59GF Score
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