Lee & Man Paper ManufacturingLMPMY 69 ROC (Joel Greenblatt) % is 5.63% as of Dec. 2025, which is 47% below its 10-year median of 10.63. GuruFocus rates LMPMY with a GF Score™ of 69/100 and a GF Value™ of $3.14 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 286 Forest Products companies, Lee & Man Paper Manufacturing ranks better than 52.45% 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. Lee & Man Paper Manufacturing's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 5.63%.
The historical rank and industry rank for Lee & Man Paper Manufacturing's ROC (Joel Greenblatt) % or its related term are showing as below:
LMPMY'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.58 Med: 10.63 Max: 21.9
Current: 4.98
During the past 13 years, Lee & Man Paper Manufacturing's highest ROC (Joel Greenblatt) % was 21.90%. The lowest was 3.58%. And the median was 10.63%.
LMPMY's ROC (Joel Greenblatt) % is ranked better than 52.45% of 286
companies
in the Forest Products industry
Industry Median: 4.63
vs LMPMY: 4.98
Lee & Man Paper Manufacturing (OTCPK:LMPMY) 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.
Lee & Man Paper Manufacturing ROC (Joel Greenblatt) % Chart
Lee & Man Paper Manufacturing ROC (Joel Greenblatt) % Competitor Comparison
For the Paper & Paper Products subindustry, Lee & Man Paper Manufacturing'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.
Lee & Man Paper Manufacturing ROC (Joel Greenblatt) % vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Lee & Man Paper Manufacturing's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Lee & Man Paper Manufacturing's ROC (Joel Greenblatt) % falls into.
Lee & Man Paper Manufacturing 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 5.63% mean?
Lee & Man Paper Manufacturing (LMPMY) has a ROC (Joel Greenblatt) % of 5.63% 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 Lee & Man Paper Manufacturing and its competitors. This is 47% below median its historical median of 10.63. Over the past decade, Lee & Man Paper Manufacturing's ROC (Joel Greenblatt) % has ranged from 3.58 to 21.90. According to the industry distribution chart, Lee & Man Paper Manufacturing ranks #136 out of 286 companies in the Forest Products industry, placing it in the top 47.6%.
Is Lee & Man Paper Manufacturing's ROC (Joel Greenblatt) % too high?
Lee & Man Paper Manufacturing's current ROC (Joel Greenblatt) % of 5.63% is 47% below median its 10-year median of 10.63. Over the past 10 years, this metric has ranged from a low of 3.58 to a high of 21.90. The Forest Products industry median ROC (Joel Greenblatt) % is 4.63. Lee & Man Paper Manufacturing's value of 5.63% is 21.6% above this industry median. Based on the distribution chart, Lee & Man Paper Manufacturing ranks #136 out of 286 companies in the Forest Products industry, which is above the industry midpoint. Overall, Lee & Man Paper Manufacturing has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lee & Man Paper Manufacturing's ROC (Joel Greenblatt) % compare to competitors?
According to the Forest Products industry distribution chart, Lee & Man Paper Manufacturing ranks #136 out of 286 companies for ROC (Joel Greenblatt) %. This puts Lee & Man Paper Manufacturing in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 4.63. Lee & Man Paper Manufacturing's value of 5.63% is 21.6% above this benchmark. Historically, Lee & Man Paper Manufacturing's own ROC (Joel Greenblatt) % has ranged from 3.58 to 21.90 over the past decade. While the company's 10-year median is 10.63 vs. the industry median of 4.63, Lee & Man Paper Manufacturing 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 Forest Products company?
The median ROC (Joel Greenblatt) % among Forest Products companies is 4.63, based on 286 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. Lee & Man Paper Manufacturing's current ROC (Joel Greenblatt) % of 5.63% is 21.6% 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 Lee & Man Paper Manufacturing and its competitors. For the Forest Products industry, the median ROC (Joel Greenblatt) % is 4.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lee & Man Paper Manufacturing's current ROC (Joel Greenblatt) % is 5.63%, which is 47% below median its own 10-year median of 10.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lee & Man Paper Manufacturing stock overvalued right now?
Based on GuruFocus' analysis, Lee & Man Paper Manufacturing (LMPMY) is currently considered Modestly Overvalued. The stock's GF Value™ is $3.14, compared to a current price of $3.77 — trading 20.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 5.63%, which is 47% below median its 10-year median of 10.63 and 21.6% above the Forest Products industry median of 4.63. Lee & Man Paper Manufacturing's overall GF Score™ is 69/100 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 Lee & Man Paper Manufacturing (LMPMY), the current ROC (Joel Greenblatt) % is 5.63% 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 Lee & Man Paper Manufacturing (LMPMY) Overvalued in 2026?
Based on GuruFocus' analysis, Lee & Man Paper Manufacturing stock appears to be overvalued.
The current stock price of $3.77 is trading 20.1% above its estimated GF Value™ of $3.14.
GuruFocus considers Lee & Man Paper Manufacturing to be Modestly Overvalued.
Key valuation signals for LMPMY:
ROC (Joel Greenblatt) %: 5.63% (47% below median its 10-year median of 10.63)
GF Value™: $3.14 vs. price of $3.77 (20.1% above fair value)
Industry Position: 21.6% above the Forest Products median (#136 of 286)
No single metric tells the full story. See the LMPMY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lee & Man Paper Manufacturing Business Description
Lee & Man Paper Manufacturing Ltd is an investment holding company engaged in the manufacturing and trading of paper and pulp. Its segments are Packaging Paper, Pulp, and Tissue paper. The majority of the revenue is generated from the packaging paper segment that covers the production of kraft liner board, test liner board, coated duplex board, white top liner board, and strength corrugating medium. Its products include Wood pulp products, Boxboard paper products, Pink Gray Card Products, and Toilet Paper Products. The company generates maximum revenue from PRC, and also has its presence in Malaysia; Vietnam; and Hong Kong, Macau and others.
69GF Score
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