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Chongqing Brewery CoSHSE:600132 -2.11%88 ROC (Joel Greenblatt) % is 81.88% as of Jun. 2026, which is 28% above its 10-year median of 64.07. GuruFocus rates SHSE:600132 with a GF Score™ of 88/100 and a GF Value™ of ¥56.25 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 210 Beverages - Alcoholic companies, Chongqing Brewery Co ranks better than 89.52% 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. Chongqing Brewery Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 81.88%.
The historical rank and industry rank for Chongqing Brewery Co's ROC (Joel Greenblatt) % or its related term are showing as below:
SHSE:600132'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 12.86 Med: 64.07 Max: 81.72
Current: 66.38
During the past 13 years, Chongqing Brewery Co's highest ROC (Joel Greenblatt) % was 81.72%. The lowest was 12.86%. And the median was 64.07%.
SHSE:600132's ROC (Joel Greenblatt) % is ranked better than 89.52% of 210
companies
in the Beverages - Alcoholic industry
Industry Median: 12.31
vs SHSE:600132: 66.38
Chongqing Brewery Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -1.50% per year.
Chongqing Brewery Co (SHSE:600132) 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.
Chongqing Brewery Co ROC (Joel Greenblatt) % Related Terms
Chongqing Brewery Co ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Chongqing Brewery 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.
Chongqing Brewery Co ROC (Joel Greenblatt) % Chart
SHSE:600132 vs STZ: ROC (Joel Greenblatt) % Comparison
For the Beverages - Brewers subindustry, Chongqing Brewery 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.
Chongqing Brewery Co ROC (Joel Greenblatt) % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Chongqing Brewery Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Chongqing Brewery Co's ROC (Joel Greenblatt) % falls into.
Chongqing Brewery 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 (Jun. 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 81.88% mean?
Chongqing Brewery Co (SHSE:600132) has a ROC (Joel Greenblatt) % of 81.88% as of Jun. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Chongqing Brewery Co and its competitors. This is 28% above median its historical median of 64.07. Over the past decade, Chongqing Brewery Co's ROC (Joel Greenblatt) % has ranged from 12.86 to 81.72. According to the industry distribution chart, Chongqing Brewery Co ranks #22 out of 210 companies in the Beverages - Alcoholic industry, placing it in the top 10.5%.
Is Chongqing Brewery Co's ROC (Joel Greenblatt) % too high?
Chongqing Brewery Co's current ROC (Joel Greenblatt) % of 81.88% is 28% above median its 10-year median of 64.07. Over the past 10 years, this metric has ranged from a low of 12.86 to a high of 81.72. The Beverages - Alcoholic industry median ROC (Joel Greenblatt) % is 12.31. Chongqing Brewery Co's value of 81.88% is 565.2% above this industry median. Based on the distribution chart, Chongqing Brewery Co ranks #22 out of 210 companies in the Beverages - Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, Chongqing Brewery Co has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Chongqing Brewery Co's ROC (Joel Greenblatt) % compare to STZ?
According to the Beverages - Alcoholic industry distribution chart, Chongqing Brewery Co ranks #22 out of 210 companies for ROC (Joel Greenblatt) %. This places Chongqing Brewery Co in the top 11% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 12.31. Chongqing Brewery Co's value of 81.88% is 565.2% above this benchmark. Historically, Chongqing Brewery Co's own ROC (Joel Greenblatt) % has ranged from 12.86 to 81.72 over the past decade. While the company's 10-year median is 64.07 vs. the industry median of 12.31, Chongqing Brewery 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 Beverages - Alcoholic company?
The median ROC (Joel Greenblatt) % among Beverages - Alcoholic companies is 12.31, based on 210 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. Chongqing Brewery Co's current ROC (Joel Greenblatt) % of 81.88% is 565.2% 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 Chongqing Brewery Co and its competitors. For the Beverages - Alcoholic industry, the median ROC (Joel Greenblatt) % is 12.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chongqing Brewery Co's current ROC (Joel Greenblatt) % is 81.88%, which is 28% above median its own 10-year median of 64.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chongqing Brewery Co stock overvalued right now?
Based on GuruFocus' analysis, Chongqing Brewery Co (SHSE:600132) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥56.25, compared to a current price of ¥40.28 — trading 28.4% below its estimated fair value. The current ROC (Joel Greenblatt) % is 81.88%, which is 28% above median its 10-year median of 64.07 and 565.2% above the Beverages - Alcoholic industry median of 12.31. Chongqing Brewery Co's overall GF Score™ is 88/100 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 Chongqing Brewery Co (SHSE:600132), the current ROC (Joel Greenblatt) % is 81.88% as of Jun. 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 Chongqing Brewery Co (SHSE:600132) Overvalued in 2026?
Based on GuruFocus' analysis, Chongqing Brewery Co stock appears to be undervalued.
The current stock price of ¥40.28 is trading 28.4% below its estimated GF Value™ of ¥56.25.
GuruFocus considers Chongqing Brewery Co to be Modestly Undervalued.
Key valuation signals for SHSE:600132:
ROC (Joel Greenblatt) %: 81.88% (28% above median its 10-year median of 64.07)
GF Value™: ¥56.25 vs. price of ¥40.28 (28.4% below fair value)
Industry Position: 565.2% above the Beverages - Alcoholic median (#22 of 210)
No single metric tells the full story. See the SHSE:600132 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Established in 1958 in Chongqing city, Chongqing Brewery is one of the major beer brewers in China with a strong presence in the west. The company distributes a beer portfolio consisting of international brands, such as Carlsberg, Tuborg, 1664, and domestic brands such as Chongqing. In 2013, the company became a subsidiary of Carlsberg Group after the latter acquired a 60% stake in the company. It became the sole operating platform of Carlsberg Group's China business in 2020, after the group injected all its China beer assets into Chongqing Brewery.
88GF Score
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