HUNGF (Huaneng Power International) ROC (Joel Greenblatt) %: 8.72% (As of Mar. 2026) — 50% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HUNGF Huaneng Power International Inc HUNGF
44 GF Score
Price $0.70
GF Value $0.75
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Huaneng Power International ROC (Joel Greenblatt) %?

Huaneng Power International HUNGF 44 ROC (Joel Greenblatt) % is 8.72% as of Mar. 2026, which is 50% above its 10-year median of 5.83. GuruFocus rates HUNGF with a GF Scoreâ„¢ of 44/100 and a GF Valueâ„¢ of $0.75 (Fairly Valued). The stock has 6 warning signs investors should review. Among 436 Utilities - Independent Power Producers companies, Huaneng Power International ranks better than 52.98% 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. Huaneng Power International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 8.72%.

The historical rank and industry rank for Huaneng Power International's ROC (Joel Greenblatt) % or its related term are showing as below:

HUNGF' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1.66   Med: 5.83   Max: 9.98
Current: 7.1

During the past 13 years, Huaneng Power International's highest ROC (Joel Greenblatt) % was 9.98%. The lowest was -1.66%. And the median was 5.83%.

HUNGF's ROC (Joel Greenblatt) % is ranked better than
52.98% of 436 companies
in the Utilities - Independent Power Producers industry
Industry Median: 6.525 vs HUNGF: 7.10

Huaneng Power International's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Huaneng Power International  (OTCPK:HUNGF) 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.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


Huaneng Power International ROC (Joel Greenblatt) % Related Terms


Huaneng Power International ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Huaneng Power International's ROC (Joel Greenblatt) % can be seen below:

* 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.

Huaneng Power International ROC (Joel Greenblatt) % Chart

Huaneng Power International Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.68 0.07 6.05 6.51 7.34

Huaneng Power International Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.70 8.04 9.73 2.16 8.72

HUNGF vs CEG, VST, NRG: ROC (Joel Greenblatt) % Comparison

For the Utilities - Independent Power Producers subindustry, Huaneng Power International'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.


Huaneng Power International ROC (Joel Greenblatt) % vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Huaneng Power International's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Huaneng Power International's ROC (Joel Greenblatt) % falls into.


HUNGF
44GF Score
Huaneng Power International Inc HUNGF
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Huaneng Power International 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:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

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.

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6567.58 + 1562.318 + 1454.989) - (9092.172 + 0 + 2389.636)
=-1896.921

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7034.382 + 1147.308 + 1541.771) - (9010.291 + 0 + 1971.822)
=-1258.652

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Huaneng Power International for the quarter that ended in Mar. 2026 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=5493.18/( ( (62288.26 + max(-1896.921, 0)) + (63631.472 + max(-1258.652, 0)) )/ 2 )
=5493.18/( ( 62288.26 + 63631.472 )/ 2 )
=5493.18/62959.866
=8.72 %

Note: The EBIT data used here is four times the quarterly (Mar. 2026) 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 8.72% mean?
Huaneng Power International (HUNGF) has a ROC (Joel Greenblatt) % of 8.72% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Huaneng Power International and its competitors. This is 50% above median its historical median of 5.83. According to the industry distribution chart, Huaneng Power International ranks #205 out of 436 companies in the Utilities - Independent Power Producers industry, placing it in the top 47%.
Is Huaneng Power International's ROC (Joel Greenblatt) % too high?
Huaneng Power International's current ROC (Joel Greenblatt) % of 8.72% is 50% above median its 10-year median of 5.83. The Utilities - Independent Power Producers industry median ROC (Joel Greenblatt) % is 6.53. Huaneng Power International's value of 8.72% is 33.6% above this industry median. Based on the distribution chart, Huaneng Power International ranks #205 out of 436 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Huaneng Power International has a GF Scoreâ„¢ of 44/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Huaneng Power International's ROC (Joel Greenblatt) % compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Huaneng Power International ranks #205 out of 436 companies for ROC (Joel Greenblatt) %. This puts Huaneng Power International in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 6.53. Huaneng Power International's value of 8.72% is 33.6% above this benchmark. While the company's 10-year median is 5.83 vs. the industry median of 6.53, Huaneng Power International 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 an Utilities - Independent Power Producers company?
The median ROC (Joel Greenblatt) % among Utilities - Independent Power Producers companies is 6.53, based on 436 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. Huaneng Power International's current ROC (Joel Greenblatt) % of 8.72% is 33.6% 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 Huaneng Power International and its competitors. For the Utilities - Independent Power Producers industry, the median ROC (Joel Greenblatt) % is 6.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Huaneng Power International's current ROC (Joel Greenblatt) % is 8.72%, which is 50% above median its own 10-year median of 5.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Huaneng Power International stock overvalued right now?
Based on GuruFocus' analysis, Huaneng Power International (HUNGF) is currently considered Fairly Valued. The stock's GF Value™ is $0.75, compared to a current price of $0.70 — trading 6.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is 8.72%, which is 50% above median its 10-year median of 5.83 and 33.6% above the Utilities - Independent Power Producers industry median of 6.53. Huaneng Power International's overall GF Score™ is 44/100 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 Huaneng Power International (HUNGF), the current ROC (Joel Greenblatt) % is 8.72% as of Mar. 2026. 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 Huaneng Power International (HUNGF) Overvalued in 2026?

Based on GuruFocus' analysis, Huaneng Power International stock appears to be undervalued. The current stock price of $0.70 is trading 6.2% below its estimated GF Value™ of $0.75. GuruFocus considers Huaneng Power International to be Fairly Valued.

Key valuation signals for HUNGF:

  • ROC (Joel Greenblatt) %: 8.72% (50% above median its 10-year median of 5.83)
  • GF Value™: $0.75 vs. price of $0.70 (6.2% below fair value)
  • GF Score™: 44/100 with 6 warning signs
  • Industry Position: 33.6% above the Utilities - Independent Power Producers median (#205 of 436)

No single metric tells the full story. See the HUNGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Huaneng Power International Business Description

Address No. 6 Fuxingmennei Street, Huaneng Building, Xicheng District, Beijing, CHN, 100031
Huaneng Power International Inc and its subsidiaries are mainly engaged in developing, constructing, operating, and managing power plants throughout China. It has a substantial controlled power generation capacity across China, with a meaningful portion of its portfolio comprising low-carbon and clean energy sources. Additionally, the Group owns a power company in Singapore and invests in a power company in Pakistan. The majority of its revenue is generated from the sale of power and heat. Huaneng Power's reportable segments are: PRC power segment, which generates maximum revenue, Overseas power segment, and All other segments (including port and transportation operations). Geographically, it derives maximum revenue from the People's Republic of China (PRC), followed by overseas markets.
44GF Score

Get the complete analysis for HUNGF

ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.70
Price
$0.75
GF Value