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.
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.
Guangzhou Development GroupSHSE:600098 -3.43%78 ROC (Joel Greenblatt) % is 7.31% as of Mar. 2026, which is 22% below its 10-year median of 9.39. GuruFocus rates SHSE:600098 with a GF Score™ of 78/100 and a GF Value™ of ¥7.10 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 182 Other Energy Sources companies, Guangzhou Development Group ranks better than 62.64% 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. Guangzhou Development Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 7.31%.
The historical rank and industry rank for Guangzhou Development Group's ROC (Joel Greenblatt) % or its related term are showing as below:
SHSE:600098'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.96 Med: 9.39 Max: 11.96
Current: 8.35
During the past 13 years, Guangzhou Development Group's highest ROC (Joel Greenblatt) % was 11.96%. The lowest was 1.96%. And the median was 9.39%.
SHSE:600098's ROC (Joel Greenblatt) % is ranked better than 62.64% of 182
companies
in the Other Energy Sources industry
Industry Median: 2.13
vs SHSE:600098: 8.35
Guangzhou Development Group (SHSE:600098) 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.
Guangzhou Development Group ROC (Joel Greenblatt) % Chart
Guangzhou Development Group ROC (Joel Greenblatt) % Competitor Comparison
For the Thermal Coal subindustry, Guangzhou Development 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.
Guangzhou Development Group ROC (Joel Greenblatt) % vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Guangzhou Development Group's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Guangzhou Development Group's ROC (Joel Greenblatt) % falls into.
Guangzhou Development 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 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 7.31% mean?
Guangzhou Development Group (SHSE:600098) has a ROC (Joel Greenblatt) % of 7.31% 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 Guangzhou Development Group and its competitors. This is 22% below median its historical median of 9.39. Over the past decade, Guangzhou Development Group's ROC (Joel Greenblatt) % has ranged from 1.96 to 11.96. According to the industry distribution chart, Guangzhou Development Group ranks #68 out of 182 companies in the Other Energy Sources industry, placing it in the top 37.4%.
Is Guangzhou Development Group's ROC (Joel Greenblatt) % too high?
Guangzhou Development Group's current ROC (Joel Greenblatt) % of 7.31% is 22% below median its 10-year median of 9.39. Over the past 10 years, this metric has ranged from a low of 1.96 to a high of 11.96. The Other Energy Sources industry median ROC (Joel Greenblatt) % is 2.13. Guangzhou Development Group's value of 7.31% is 243.2% above this industry median. Based on the distribution chart, Guangzhou Development Group ranks #68 out of 182 companies in the Other Energy Sources industry, which is above the industry midpoint. Overall, Guangzhou Development Group has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Guangzhou Development Group's ROC (Joel Greenblatt) % compare to competitors?
According to the Other Energy Sources industry distribution chart, Guangzhou Development Group ranks #68 out of 182 companies for ROC (Joel Greenblatt) %. This puts Guangzhou Development Group in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 2.13. Guangzhou Development Group's value of 7.31% is 243.2% above this benchmark. Historically, Guangzhou Development Group's own ROC (Joel Greenblatt) % has ranged from 1.96 to 11.96 over the past decade. While the company's 10-year median is 9.39 vs. the industry median of 2.13, Guangzhou Development Group 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 Other Energy Sources company?
The median ROC (Joel Greenblatt) % among Other Energy Sources companies is 2.13, based on 182 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. Guangzhou Development Group's current ROC (Joel Greenblatt) % of 7.31% is 243.2% 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 Guangzhou Development Group and its competitors. For the Other Energy Sources industry, the median ROC (Joel Greenblatt) % is 2.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Guangzhou Development Group's current ROC (Joel Greenblatt) % is 7.31%, which is 22% below median its own 10-year median of 9.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Guangzhou Development Group stock overvalued right now?
Based on GuruFocus' analysis, Guangzhou Development Group (SHSE:600098) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥7.10, compared to a current price of ¥6.19 — trading 12.8% below its estimated fair value. The current ROC (Joel Greenblatt) % is 7.31%, which is 22% below median its 10-year median of 9.39 and 243.2% above the Other Energy Sources industry median of 2.13. Guangzhou Development Group's overall GF Score™ is 78/100 with 8 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 Guangzhou Development Group (SHSE:600098), the current ROC (Joel Greenblatt) % is 7.31% 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 Guangzhou Development Group (SHSE:600098) Overvalued in 2026?
Based on GuruFocus' analysis, Guangzhou Development Group stock appears to be undervalued.
The current stock price of ¥6.19 is trading 12.8% below its estimated GF Value™ of ¥7.10.
GuruFocus considers Guangzhou Development Group to be Modestly Undervalued.
Key valuation signals for SHSE:600098:
ROC (Joel Greenblatt) %: 7.31% (22% below median its 10-year median of 9.39)
GF Value™: ¥7.10 vs. price of ¥6.19 (12.8% below fair value)
Industry Position: 243.2% above the Other Energy Sources median (#68 of 182)
No single metric tells the full story. See the SHSE:600098 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Guangzhou Development Group Incorporated is a China-based company operating in the integrated energy business. It is engaged in the investment, construction, development, and operation of electric power, coal, oil products, natural gas and new energy. The company is also involved in the energy logistics business.
78GF Score
Get the complete analysis for SHSE:600098
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SHSE:600098 has been successfully added to your 
