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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. Shandong Molong Petroleum Machinery Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 18.42%.
SHANF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -22.67 Med: 1.37 Max: 15.28
Current: 15.24
During the past 13 years, Shandong Molong Petroleum Machinery Co's highest ROC (Joel Greenblatt) % was 15.28%. The lowest was -22.67%. And the median was 1.37%.
SHANF's ROC (Joel Greenblatt) % is ranked better than 67.2% of 997
companies
in the Oil & Gas industry
Industry Median: 8.55
vs SHANF: 15.24
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.
Shandong Molong Petroleum Machinery Co ROC (Joel Greenblatt) % Chart
Shandong Molong Petroleum Machinery Co Annual Data
SHANF vs SLB, BKR, HAL: ROC (Joel Greenblatt) % Comparison
For the Oil & Gas Equipment & Services subindustry, Shandong Molong Petroleum Machinery 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.
Shandong Molong Petroleum Machinery Co ROC (Joel Greenblatt) % vs Oil & Gas Industry
Shandong Molong Petroleum Machinery 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 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 18.42% mean?
Shandong Molong Petroleum Machinery Co (SHANF) has a ROC (Joel Greenblatt) % of 18.42% 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 Shandong Molong Petroleum Machinery Co and its competitors. This is 1245% above median its historical median of 1.37. According to the industry distribution chart, Shandong Molong Petroleum Machinery Co ranks #327 out of 997 companies in the Oil & Gas industry, placing it in the top 32.8%.
Is Shandong Molong Petroleum Machinery Co's ROC (Joel Greenblatt) % too high?
Shandong Molong Petroleum Machinery Co's current ROC (Joel Greenblatt) % of 18.42% is 1245% above median its 10-year median of 1.37. The Oil & Gas industry median ROC (Joel Greenblatt) % is 8.55. Shandong Molong Petroleum Machinery Co's value of 18.42% is 115.4% above this industry median. Based on the distribution chart, Shandong Molong Petroleum Machinery Co ranks #327 out of 997 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Shandong Molong Petroleum Machinery Co has a GF Score™ of 42/100, reflecting its overall financial health beyond just this single metric.
How does Shandong Molong Petroleum Machinery Co's ROC (Joel Greenblatt) % compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Shandong Molong Petroleum Machinery Co ranks #327 out of 997 companies for ROC (Joel Greenblatt) %. This puts Shandong Molong Petroleum Machinery Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 8.55. Shandong Molong Petroleum Machinery Co's value of 18.42% is 115.4% above this benchmark. While the company's 10-year median is 1.37 vs. the industry median of 8.55, Shandong Molong Petroleum Machinery Co 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 Oil & Gas company?
The median ROC (Joel Greenblatt) % among Oil & Gas companies is 8.55, based on 997 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. Shandong Molong Petroleum Machinery Co's current ROC (Joel Greenblatt) % of 18.42% is 115.4% 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 Shandong Molong Petroleum Machinery Co and its competitors. For the Oil & Gas industry, the median ROC (Joel Greenblatt) % is 8.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shandong Molong Petroleum Machinery Co's current ROC (Joel Greenblatt) % is 18.42%, which is 1245% above median its own 10-year median of 1.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shandong Molong Petroleum Machinery Co stock overvalued right now?
Shandong Molong Petroleum Machinery Co (SHANF) has a current ROC (Joel Greenblatt) % of 18.42%. The stock's GF Value™ is $0.40, compared to a current price of $0.94 — trading 134.4% above its estimated fair value. The current ROC (Joel Greenblatt) % is 18.42%, which is 1245% above median its 10-year median of 1.37 and 115.4% above the Oil & Gas industry median of 8.55. Shandong Molong Petroleum Machinery Co's overall GF Score™ is 42/100 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 Shandong Molong Petroleum Machinery Co (SHANF), the current ROC (Joel Greenblatt) % is 18.42% 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 Shandong Molong Petroleum Machinery Co (SHANF) Overvalued in 2026?
Based on GuruFocus' analysis, Shandong Molong Petroleum Machinery Co stock appears to be overvalued.
The current stock price of $0.94 is trading 134.4% above its estimated GF Value™ of $0.40.
Key valuation signals for SHANF:
ROC (Joel Greenblatt) %: 18.42% (1245% above median its 10-year median of 1.37)
GF Value™: $0.40 vs. price of $0.94 (134.4% above fair value)
Industry Position: 115.4% above the Oil & Gas median (#327 of 997)
No single metric tells the full story. See the SHANF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shandong Molong Petroleum Machinery Co Business Description
Shandong Molong Petroleum Machinery Co Ltd is engaged in the design, research and development, processing and manufacturing, sale service, and export trade of products for the energy equipment industry. Its main products include petroleum-drilling machinery equipment, petroleum and natural gas pipeline equipment, and oil and gas exploitation equipment. These products are used in petroleum, natural gas, shale gas, coalbed methane, hydrogen energy, oil refining, coal mining machinery, boiler manufacturing, engineering machinery manufacturing, and oilfield services.
42GF Score
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