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Minmetals Development CoSHSE:600058 -0.71%56 ROC (Joel Greenblatt) % is 8.30% as of Mar. 2026, which is 64% below its 10-year median of 22.87. GuruFocus rates SHSE:600058 with a GF Score™ of 56/100 and a GF Value™ of ¥5.45 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 632 Steel companies, Minmetals Development Co ranks better than 52.69% 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. Minmetals Development Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 8.30%.
The historical rank and industry rank for Minmetals Development Co's ROC (Joel Greenblatt) % or its related term are showing as below:
SHSE:600058'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -7.87 Med: 22.87 Max: 45.54
Current: 7.99
During the past 13 years, Minmetals Development Co's highest ROC (Joel Greenblatt) % was 45.54%. The lowest was -7.87%. And the median was 22.87%.
SHSE:600058's ROC (Joel Greenblatt) % is ranked better than 52.69% of 632
companies
in the Steel industry
Industry Median: 7.14
vs SHSE:600058: 7.99
Minmetals Development Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 6.90% per year.
Minmetals Development Co (SHSE:600058) 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.
Minmetals Development Co ROC (Joel Greenblatt) % Related Terms
Minmetals Development Co ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Minmetals Development Co'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.
Minmetals Development Co ROC (Joel Greenblatt) % Chart
SHSE:600058 vs NUE, STLD, RS: ROC (Joel Greenblatt) % Comparison
For the Steel subindustry, Minmetals Development 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.
Minmetals Development Co ROC (Joel Greenblatt) % vs Steel Industry
For the Steel industry and Basic Materials sector, Minmetals Development Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Minmetals Development Co's ROC (Joel Greenblatt) % falls into.
Minmetals Development 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 8.30% mean?
Minmetals Development Co (SHSE:600058) has a ROC (Joel Greenblatt) % of 8.30% 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 Minmetals Development Co and its competitors. This is 64% below median its historical median of 22.87. According to the industry distribution chart, Minmetals Development Co ranks #299 out of 632 companies in the Steel industry, placing it in the top 47.3%.
Is Minmetals Development Co's ROC (Joel Greenblatt) % too high?
Minmetals Development Co's current ROC (Joel Greenblatt) % of 8.30% is 64% below median its 10-year median of 22.87. The Steel industry median ROC (Joel Greenblatt) % is 7.14. Minmetals Development Co's value of 8.30% is 16.2% above this industry median. Based on the distribution chart, Minmetals Development Co ranks #299 out of 632 companies in the Steel industry, which is above the industry midpoint. Overall, Minmetals Development Co has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Minmetals Development Co's ROC (Joel Greenblatt) % compare to NUE and STLD?
According to the Steel industry distribution chart, Minmetals Development Co ranks #299 out of 632 companies for ROC (Joel Greenblatt) %. This puts Minmetals Development Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 7.14. Minmetals Development Co's value of 8.30% is 16.2% above this benchmark. While the company's 10-year median is 22.87 vs. the industry median of 7.14, Minmetals Development 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 a Steel company?
The median ROC (Joel Greenblatt) % among Steel companies is 7.14, based on 632 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. Minmetals Development Co's current ROC (Joel Greenblatt) % of 8.30% is 16.2% 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 Minmetals Development Co and its competitors. For the Steel industry, the median ROC (Joel Greenblatt) % is 7.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Minmetals Development Co's current ROC (Joel Greenblatt) % is 8.30%, which is 64% below median its own 10-year median of 22.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Minmetals Development Co stock overvalued right now?
Based on GuruFocus' analysis, Minmetals Development Co (SHSE:600058) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥5.45, compared to a current price of ¥8.35 — trading 53.2% above its estimated fair value. The current ROC (Joel Greenblatt) % is 8.30%, which is 64% below median its 10-year median of 22.87 and 16.2% above the Steel industry median of 7.14. Minmetals Development Co's overall GF Score™ is 56/100 with 2 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 Minmetals Development Co (SHSE:600058), the current ROC (Joel Greenblatt) % is 8.30% 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 Minmetals Development Co (SHSE:600058) Overvalued in 2026?
Based on GuruFocus' analysis, Minmetals Development Co stock appears to be overvalued.
The current stock price of ¥8.35 is trading 53.2% above its estimated GF Value™ of ¥5.45.
GuruFocus considers Minmetals Development Co to be Significantly Overvalued.
Key valuation signals for SHSE:600058:
ROC (Joel Greenblatt) %: 8.30% (64% below median its 10-year median of 22.87)
GF Value™: ¥5.45 vs. price of ¥8.35 (53.2% above fair value)
Industry Position: 16.2% above the Steel median (#299 of 632)
No single metric tells the full story. See the SHSE:600058 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Minmetals Development Co Ltd is a steel distribution service provider. The activities of the company include the supply of metallurgical raw materials which includes iron ore, coal, coke, and pig iron, steel trading, processing and distribution, and logistics services.
56GF Score
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