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China Sunshine Paper Holdings Co.HKSE:02002 68 ROC (Joel Greenblatt) % is 4.31% as of Dec. 2025, which is 64% below its 10-year median of 11.94. GuruFocus rates HKSE:02002 with a GF Score™ of 68/100 and a GF Value™ of HK$1.80 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 285 Forest Products companies, China Sunshine Paper Holdings Co. ranks better than 53.68% 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 Sunshine Paper Holdings Co.'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 4.31%.
The historical rank and industry rank for China Sunshine Paper Holdings Co.'s ROC (Joel Greenblatt) % or its related term are showing as below:
HKSE:02002'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.46 Med: 11.94 Max: 18.24
Current: 5.46
During the past 13 years, China Sunshine Paper Holdings Co.'s highest ROC (Joel Greenblatt) % was 18.24%. The lowest was 5.46%. And the median was 11.94%.
HKSE:02002's ROC (Joel Greenblatt) % is ranked better than 53.68% of 285
companies
in the Forest Products industry
Industry Median: 4.72
vs HKSE:02002: 5.46
China Sunshine Paper Holdings Co. (HKSE:02002) 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 Sunshine Paper Holdings Co. ROC (Joel Greenblatt) % Chart
China Sunshine Paper Holdings Co. ROC (Joel Greenblatt) % Competitor Comparison
For the Paper & Paper Products subindustry, China Sunshine Paper Holdings Co.'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 Sunshine Paper Holdings Co. ROC (Joel Greenblatt) % vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, China Sunshine Paper Holdings Co.'s ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where China Sunshine Paper Holdings Co.'s ROC (Joel Greenblatt) % falls into.
China Sunshine Paper Holdings Co. 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 4.31% mean?
China Sunshine Paper Holdings Co. (HKSE:02002) has a ROC (Joel Greenblatt) % of 4.31% 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 Sunshine Paper Holdings Co. and its competitors. This is 64% below median its historical median of 11.94. Over the past decade, China Sunshine Paper Holdings Co.'s ROC (Joel Greenblatt) % has ranged from 5.46 to 18.24. According to the industry distribution chart, China Sunshine Paper Holdings Co. ranks #132 out of 285 companies in the Forest Products industry, placing it in the top 46.3%.
Is China Sunshine Paper Holdings Co.'s ROC (Joel Greenblatt) % too high?
China Sunshine Paper Holdings Co.'s current ROC (Joel Greenblatt) % of 4.31% is 64% below median its 10-year median of 11.94. Over the past 10 years, this metric has ranged from a low of 5.46 to a high of 18.24. The Forest Products industry median ROC (Joel Greenblatt) % is 4.72. China Sunshine Paper Holdings Co.'s value of 4.31% is 8.7% below this industry median. Based on the distribution chart, China Sunshine Paper Holdings Co. ranks #132 out of 285 companies in the Forest Products industry, which is above the industry midpoint. Overall, China Sunshine Paper Holdings Co. has a GF Score™ of 68/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does China Sunshine Paper Holdings Co.'s ROC (Joel Greenblatt) % compare to competitors?
According to the Forest Products industry distribution chart, China Sunshine Paper Holdings Co. ranks #132 out of 285 companies for ROC (Joel Greenblatt) %. This puts China Sunshine Paper Holdings Co. in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 4.72. China Sunshine Paper Holdings Co.'s value of 4.31% is 8.7% below this benchmark. Historically, China Sunshine Paper Holdings Co.'s own ROC (Joel Greenblatt) % has ranged from 5.46 to 18.24 over the past decade. While the company's 10-year median is 11.94 vs. the industry median of 4.72, China Sunshine Paper Holdings Co. 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 Forest Products company?
The median ROC (Joel Greenblatt) % among Forest Products companies is 4.72, based on 285 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 Sunshine Paper Holdings Co.'s current ROC (Joel Greenblatt) % of 4.31% is 8.7% 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 Sunshine Paper Holdings Co. and its competitors. For the Forest Products industry, the median ROC (Joel Greenblatt) % is 4.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Sunshine Paper Holdings Co.'s current ROC (Joel Greenblatt) % is 4.31%, which is 64% below median its own 10-year median of 11.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Sunshine Paper Holdings Co. stock overvalued right now?
Based on GuruFocus' analysis, China Sunshine Paper Holdings Co. (HKSE:02002) is currently considered Possible Value Trap. The stock's GF Value™ is HK$1.80, compared to a current price of HK$1.01 — trading 44.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is 4.31%, which is 64% below median its 10-year median of 11.94 and 8.7% below the Forest Products industry median of 4.72. China Sunshine Paper Holdings Co.'s overall GF Score™ is 68/100 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 China Sunshine Paper Holdings Co. (HKSE:02002), the current ROC (Joel Greenblatt) % is 4.31% 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 Sunshine Paper Holdings Co. (HKSE:02002) Overvalued in 2026?
Based on GuruFocus' analysis, China Sunshine Paper Holdings Co. stock appears to be undervalued.
The current stock price of HK$1.01 is trading 44.2% below its estimated GF Value™ of HK$1.80.
GuruFocus considers China Sunshine Paper Holdings Co. to be Possible Value Trap.
Key valuation signals for HKSE:02002:
ROC (Joel Greenblatt) %: 4.31% (64% below median its 10-year median of 11.94)
GF Value™: HK$1.80 vs. price of HK$1.01 (44.2% below fair value)
Industry Position: 8.7% below the Forest Products median (#132 of 285)
No single metric tells the full story. See the HKSE:02002 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Sunshine Paper Holdings Co. Ltd is principally engaged in the production & sale of paper products, electricity, & steam. The business activity of the firm is operated through White Top Linerboard, Coated white top liner board, Core Board, Specialised Paper Products, Corrugated Paper, and Electricity & Steam segments. Key revenue is generated from Specialised Paper Products. The company offers products under three categories: Paper, which includes an Uncoated white top test liner, coated white top liner, core board base paper, medium, & specialty paper; Preprint products; & Carton products. Geographically, the company operates in the PRC & Overseas, in which the PRC generates the majority of its revenue.
68GF 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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