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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. Futong Technology Development Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -330.89%.
HKSE:00465'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -359.45 Med: -104.18 Max: 17.46
Current: -338.31
During the past 13 years, Futong Technology Development Holdings's highest ROC (Joel Greenblatt) % was 17.46%. The lowest was -359.45%. And the median was -104.18%.
HKSE:00465's ROC (Joel Greenblatt) % is ranked worse than 84.8% of 2816
companies
in the Software industry
Industry Median: 20.03
vs HKSE:00465: -338.31
Futong Technology Development Holdings (HKSE:00465) 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.
Futong Technology Development Holdings ROC (Joel Greenblatt) % Chart
Futong Technology Development Holdings Annual Data
HKSE:00465 vs IBM, ACN, FISV: ROC (Joel Greenblatt) % Comparison
For the Information Technology Services subindustry, Futong Technology Development 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.
Futong Technology Development Holdings ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Futong Technology Development Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Futong Technology Development Holdings's ROC (Joel Greenblatt) % falls into.
Futong Technology Development Holdings 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 -330.89% mean?
Futong Technology Development Holdings (HKSE:00465) has a ROC (Joel Greenblatt) % of -330.89% 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 Futong Technology Development Holdings and its competitors. According to the industry distribution chart, Futong Technology Development Holdings ranks #2388 out of 2816 companies in the Software industry, placing it in the top 84.8%.
Is Futong Technology Development Holdings' ROC (Joel Greenblatt) % too high?
Futong Technology Development Holdings' current ROC (Joel Greenblatt) % is -330.89%. Based on the distribution chart, Futong Technology Development Holdings ranks #2388 out of 2816 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Futong Technology Development Holdings has a GF Score™ of 26/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Futong Technology Development Holdings' ROC (Joel Greenblatt) % compare to IBM and ACN?
According to the Software industry distribution chart, Futong Technology Development Holdings ranks #2388 out of 2816 companies for ROC (Joel Greenblatt) %. This places Futong Technology Development Holdings in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 20.03. 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 Software company?
The median ROC (Joel Greenblatt) % among Software companies is 20.03, based on 2,816 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. 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 Futong Technology Development Holdings and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 20.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Futong Technology Development Holdings's current ROC (Joel Greenblatt) % is -330.89%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Futong Technology Development Holdings stock overvalued right now?
Based on GuruFocus' analysis, Futong Technology Development Holdings (HKSE:00465) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.20, compared to a current price of HK$3.38 — trading 1590% above its estimated fair value. The current ROC (Joel Greenblatt) % is -330.89%. Futong Technology Development Holdings' overall GF Score™ is 26/100 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 Futong Technology Development Holdings (HKSE:00465), the current ROC (Joel Greenblatt) % is -330.89% 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 Futong Technology Development Holdings (HKSE:00465) Overvalued in 2026?
Based on GuruFocus' analysis, Futong Technology Development Holdings stock appears to be overvalued.
The current stock price of HK$3.38 is trading 1590% above its estimated GF Value™ of HK$0.20.
GuruFocus considers Futong Technology Development Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:00465:
ROC (Joel Greenblatt) %: -330.89%
GF Value™: HK$0.20 vs. price of HK$3.38 (1590% above fair value)
No single metric tells the full story. See the HKSE:00465 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Futong Technology Development Holdings Business Description
Futong Technology Development Holdings Ltd is an enterprise digital transformation services provider in China. It uses technologies such as cloud computing and AI to provide enterprise customers with digital products, solutions, and professional IT services. The Group's two key product offerings are Cloud Intelligence and Data Intelligence. Maximum revenue is derived from Cloud Intelligence product offerings, which include its proprietary cloud-computing products, including CloudScape, CloudOne, CloudShare, CloudObs, and CloudAtlas. The Data Intelligence products include Voice of Customer, IntelligenceCore Data Workshop, and IntelligenceCore AI Agent Management Platform, among others, integrating AI technology into the different business scenarios of customers in various industries.
26GF Score
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