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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. C&D International Investment Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 28.22%.
The historical rank and industry rank for C&D International Investment Group's ROC (Joel Greenblatt) % or its related term are showing as below:
HKSE:01908'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.09 Med: 15.27 Max: 22.87
Current: 18.98
During the past 13 years, C&D International Investment Group's highest ROC (Joel Greenblatt) % was 22.87%. The lowest was -0.09%. And the median was 15.27%.
HKSE:01908's ROC (Joel Greenblatt) % is ranked better than 56.18% of 1757
companies
in the Real Estate industry
Industry Median: 12.95
vs HKSE:01908: 18.98
C&D International Investment Group (HKSE:01908) 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.
C&D International Investment Group ROC (Joel Greenblatt) % Chart
C&D International Investment Group ROC (Joel Greenblatt) % Competitor Comparison
For the Real Estate - Development subindustry, C&D International Investment 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.
C&D International Investment Group ROC (Joel Greenblatt) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, C&D International Investment Group's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where C&D International Investment Group's ROC (Joel Greenblatt) % falls into.
C&D International Investment 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 28.22% mean?
C&D International Investment Group (HKSE:01908) has a ROC (Joel Greenblatt) % of 28.22% 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 C&D International Investment Group and its competitors. This is 85% above median its historical median of 15.27. According to the industry distribution chart, C&D International Investment Group ranks #770 out of 1757 companies in the Real Estate industry, placing it in the top 43.8%.
Is C&D International Investment Group's ROC (Joel Greenblatt) % too high?
C&D International Investment Group's current ROC (Joel Greenblatt) % of 28.22% is 85% above median its 10-year median of 15.27. The Real Estate industry median ROC (Joel Greenblatt) % is 12.95. C&D International Investment Group's value of 28.22% is 117.9% above this industry median. Based on the distribution chart, C&D International Investment Group ranks #770 out of 1757 companies in the Real Estate industry, which is above the industry midpoint. Overall, C&D International Investment Group has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does C&D International Investment Group's ROC (Joel Greenblatt) % compare to competitors?
According to the Real Estate industry distribution chart, C&D International Investment Group ranks #770 out of 1757 companies for ROC (Joel Greenblatt) %. This puts C&D International Investment Group in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 12.95. C&D International Investment Group's value of 28.22% is 117.9% above this benchmark. While the company's 10-year median is 15.27 vs. the industry median of 12.95, C&D International Investment 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 Real Estate company?
The median ROC (Joel Greenblatt) % among Real Estate companies is 12.95, based on 1,757 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. C&D International Investment Group's current ROC (Joel Greenblatt) % of 28.22% is 117.9% 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 C&D International Investment Group and its competitors. For the Real Estate industry, the median ROC (Joel Greenblatt) % is 12.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. C&D International Investment Group's current ROC (Joel Greenblatt) % is 28.22%, which is 85% above median its own 10-year median of 15.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is C&D International Investment Group stock overvalued right now?
Based on GuruFocus' analysis, C&D International Investment Group (HKSE:01908) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$13.98, compared to a current price of HK$12.06 — trading 13.7% below its estimated fair value. The current ROC (Joel Greenblatt) % is 28.22%, which is 85% above median its 10-year median of 15.27 and 117.9% above the Real Estate industry median of 12.95. C&D International Investment Group's overall GF Score™ is 81/100 with 6 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 C&D International Investment Group (HKSE:01908), the current ROC (Joel Greenblatt) % is 28.22% 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 C&D International Investment Group (HKSE:01908) Overvalued in 2026?
Based on GuruFocus' analysis, C&D International Investment Group stock appears to be undervalued.
The current stock price of HK$12.06 is trading 13.7% below its estimated GF Value™ of HK$13.98.
GuruFocus considers C&D International Investment Group to be Modestly Undervalued.
Key valuation signals for HKSE:01908:
ROC (Joel Greenblatt) %: 28.22% (85% above median its 10-year median of 15.27)
GF Value™: HK$13.98 vs. price of HK$12.06 (13.7% below fair value)
Industry Position: 117.9% above the Real Estate median (#770 of 1757)
No single metric tells the full story. See the HKSE:01908 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
C&D International Investment Group Ltd is an investment holding company. Along with its subsidiaries, it is principally engaged in the businesses of real estate development, real estate industry chain investment services, and investment in emerging industries in the People's Republic of China (PRC). The group's operating segments are Property development, which generates maximum revenue, and Property management and other related services.
81GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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