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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. China Environmental Technology and Bioenergy Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 21.94%.
HKSE:01237's ROC (Joel Greenblatt) % is ranked better than 50.47% of 430
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 8.655
vs HKSE:01237: 9.51
China Environmental Technology and Bioenergy Holdings (HKSE:01237) 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.
China Environmental Technology and Bioenergy Holdings ROC (Joel Greenblatt) % Chart
China Environmental Technology and Bioenergy Holdings Annual Data
HKSE:01237 vs SN, SGI, MHK: ROC (Joel Greenblatt) % Comparison
For the Furnishings, Fixtures & Appliances subindustry, China Environmental Technology and Bioenergy 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.
China Environmental Technology and Bioenergy Holdings ROC (Joel Greenblatt) % vs Furnishings, Fixtures & Appliances Industry
China Environmental Technology and Bioenergy 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 21.94% mean?
China Environmental Technology and Bioenergy Holdings (HKSE:01237) has a ROC (Joel Greenblatt) % of 21.94% 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 Environmental Technology and Bioenergy Holdings and its competitors. According to the industry distribution chart, China Environmental Technology and Bioenergy Holdings ranks #213 out of 430 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 49.5%.
Is China Environmental Technology and Bioenergy Holdings' ROC (Joel Greenblatt) % too high?
China Environmental Technology and Bioenergy Holdings' current ROC (Joel Greenblatt) % is 21.94%. The Furnishings, Fixtures & Appliances industry median ROC (Joel Greenblatt) % is 8.66. China Environmental Technology and Bioenergy Holdings' value of 21.94% is 153.5% above this industry median. Based on the distribution chart, China Environmental Technology and Bioenergy Holdings ranks #213 out of 430 companies in the Furnishings, Fixtures & Appliances industry, which is above the industry midpoint. Overall, China Environmental Technology and Bioenergy Holdings has a GF Score™ of 34/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does China Environmental Technology and Bioenergy Holdings' ROC (Joel Greenblatt) % compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, China Environmental Technology and Bioenergy Holdings ranks #213 out of 430 companies for ROC (Joel Greenblatt) %. This puts China Environmental Technology and Bioenergy Holdings in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 8.66. China Environmental Technology and Bioenergy Holdings' value of 21.94% is 153.5% above 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 a Furnishings, Fixtures & Appliances company?
The median ROC (Joel Greenblatt) % among Furnishings, Fixtures & Appliances companies is 8.66, based on 430 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 Environmental Technology and Bioenergy Holdings's current ROC (Joel Greenblatt) % of 21.94% is 153.5% 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 China Environmental Technology and Bioenergy Holdings and its competitors. For the Furnishings, Fixtures & Appliances industry, the median ROC (Joel Greenblatt) % is 8.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Environmental Technology and Bioenergy Holdings's current ROC (Joel Greenblatt) % is 21.94%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Environmental Technology and Bioenergy Holdings stock overvalued right now?
Based on GuruFocus' analysis, China Environmental Technology and Bioenergy Holdings (HKSE:01237) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.52, compared to a current price of HK$0.79 — trading 51.9% above its estimated fair value. The current ROC (Joel Greenblatt) % is 21.94% and 153.5% above the Furnishings, Fixtures & Appliances industry median of 8.66. China Environmental Technology and Bioenergy Holdings' overall GF Score™ is 34/100 with 5 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 Environmental Technology and Bioenergy Holdings (HKSE:01237), the current ROC (Joel Greenblatt) % is 21.94% 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 Environmental Technology and Bioenergy Holdings (HKSE:01237) Overvalued in 2026?
Based on GuruFocus' analysis, China Environmental Technology and Bioenergy Holdings stock appears to be overvalued.
The current stock price of HK$0.79 is trading 51.9% above its estimated GF Value™ of HK$0.52.
GuruFocus considers China Environmental Technology and Bioenergy Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:01237:
ROC (Joel Greenblatt) %: 21.94%
GF Value™: HK$0.52 vs. price of HK$0.79 (51.9% above fair value)
Industry Position: 153.5% above the Furnishings, Fixtures & Appliances median (#213 of 430)
No single metric tells the full story. See the HKSE:01237 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Environmental Technology and Bioenergy Holdings Ltd is engaged in manufacturing and sales of wooden products and manufacturing and sales of renewable energy products. Its renewable energy business focuses on the recycling of leftover sawdust from the production of wooden products into biomass pellet fuel. Its segments include the manufacturing and sales of outdoor wooden products, and manufacturing and sales of renewable energy products. It derives the majority of revenue from the manufacturing and sales of outdoor wooden products. Geographically, it operates in The People's Republic of China, Australasia, North America, Europe, and Asia Pacific (exclusive of the PRC) with majority of revenue deriving from Australasia.
34GF Score
Get the complete analysis for HKSE:01237
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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