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Courage Investment GroupSGX:CIN 50 ROC (Joel Greenblatt) % is 7.67% as of Dec. 2025, which is 101% above its 10-year median of 3.82. GuruFocus rates SGX:CIN with a GF Score™ of 50/100 and a GF Value™ of S$0.03 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,009 Transportation companies, Courage Investment Group ranks worse than 63.92% 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. Courage Investment Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 7.67%.
The historical rank and industry rank for Courage Investment Group's ROC (Joel Greenblatt) % or its related term are showing as below:
SGX:CIN'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -63.38 Med: 3.82 Max: 63.01
Current: 8.15
During the past 13 years, Courage Investment Group's highest ROC (Joel Greenblatt) % was 63.01%. The lowest was -63.38%. And the median was 3.82%.
SGX:CIN's ROC (Joel Greenblatt) % is ranked worse than 63.92% of 1009
companies
in the Transportation industry
Industry Median: 11.85
vs SGX:CIN: 8.15
Courage Investment Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Courage Investment Group (SGX:CIN) 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.
Courage Investment Group ROC (Joel Greenblatt) % Related Terms
Courage Investment Group ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Courage Investment Group'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.
Courage Investment Group ROC (Joel Greenblatt) % Chart
Courage Investment Group ROC (Joel Greenblatt) % Competitor Comparison
For the Marine Shipping subindustry, Courage 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.
Courage Investment Group ROC (Joel Greenblatt) % vs Transportation Industry
For the Transportation industry and Industrials sector, Courage Investment Group's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Courage Investment Group's ROC (Joel Greenblatt) % falls into.
Courage 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 7.67% mean?
Courage Investment Group (SGX:CIN) has a ROC (Joel Greenblatt) % of 7.67% 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 Courage Investment Group and its competitors. This is 101% above median its historical median of 3.82. According to the industry distribution chart, Courage Investment Group ranks #645 out of 1009 companies in the Transportation industry, placing it in the top 63.9%.
Is Courage Investment Group's ROC (Joel Greenblatt) % too high?
Courage Investment Group's current ROC (Joel Greenblatt) % of 7.67% is 101% above median its 10-year median of 3.82. The Transportation industry median ROC (Joel Greenblatt) % is 11.85. Courage Investment Group's value of 7.67% is 35.3% below this industry median. Based on the distribution chart, Courage Investment Group ranks #645 out of 1009 companies in the Transportation industry, which is below the industry midpoint. Overall, Courage Investment Group has a GF Score™ of 50/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Courage Investment Group's ROC (Joel Greenblatt) % compare to competitors?
According to the Transportation industry distribution chart, Courage Investment Group ranks #645 out of 1009 companies for ROC (Joel Greenblatt) %. This places Courage Investment Group in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 11.85. Courage Investment Group's value of 7.67% is 35.3% below this benchmark. While the company's 10-year median is 3.82 vs. the industry median of 11.85, Courage Investment Group 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 Transportation company?
The median ROC (Joel Greenblatt) % among Transportation companies is 11.85, based on 1,009 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. Courage Investment Group's current ROC (Joel Greenblatt) % of 7.67% is 35.3% 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 Courage Investment Group and its competitors. For the Transportation industry, the median ROC (Joel Greenblatt) % is 11.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Courage Investment Group's current ROC (Joel Greenblatt) % is 7.67%, which is 101% above median its own 10-year median of 3.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Courage Investment Group stock overvalued right now?
Based on GuruFocus' analysis, Courage Investment Group (SGX:CIN) is currently considered Possible Value Trap. The stock's GF Value™ is S$0.03, compared to a current price of S$0.02 — trading 40% below its estimated fair value. The current ROC (Joel Greenblatt) % is 7.67%, which is 101% above median its 10-year median of 3.82 and 35.3% below the Transportation industry median of 11.85. Courage Investment Group's overall GF Score™ is 50/100 with 3 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 Courage Investment Group (SGX:CIN), the current ROC (Joel Greenblatt) % is 7.67% 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 Courage Investment Group (SGX:CIN) Overvalued in 2026?
Based on GuruFocus' analysis, Courage Investment Group stock appears to be undervalued.
The current stock price of S$0.02 is trading 40% below its estimated GF Value™ of S$0.03.
GuruFocus considers Courage Investment Group to be Possible Value Trap.
Key valuation signals for SGX:CIN:
ROC (Joel Greenblatt) %: 7.67% (101% above median its 10-year median of 3.82)
GF Value™: S$0.03 vs. price of S$0.02 (40% below fair value)
Industry Position: 35.3% below the Transportation median (#645 of 1009)
No single metric tells the full story. See the SGX:CIN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Courage Investment Group Ltd is an investment holding company. The company's reportable segments include Marine transportation, Merchandise trading, Property holding and investment, and Investment holding. It generates maximum revenue from the Marine transportation segment, which comprises mainly the vessel chartering business. Geographically, it derives a majority of its revenue from Hong Kong.
50GF Score
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