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Shanghai Construction Group CoSHSE:600170 -0.86%69 ROC (Joel Greenblatt) % is 22.41% as of Mar. 2026, which is 60% below its 10-year median of 56.50. GuruFocus rates SHSE:600170 with a GF Score™ of 69/100 and a GF Value™ of ¥1.85 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,786 Construction companies, Shanghai Construction Group Co ranks better than 62.6% 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. Shanghai Construction Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 22.41%.
The historical rank and industry rank for Shanghai Construction Group Co's ROC (Joel Greenblatt) % or its related term are showing as below:
SHSE:600170'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 28.37 Med: 56.5 Max: 89.42
Current: 30.07
During the past 13 years, Shanghai Construction Group Co's highest ROC (Joel Greenblatt) % was 89.42%. The lowest was 28.37%. And the median was 56.50%.
SHSE:600170's ROC (Joel Greenblatt) % is ranked better than 62.6% of 1786
companies
in the Construction industry
Industry Median: 19.47
vs SHSE:600170: 30.07
Shanghai Construction Group Co (SHSE:600170) 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.
Shanghai Construction Group Co ROC (Joel Greenblatt) % Chart
SHSE:600170 vs PWR, FIX, EME: ROC (Joel Greenblatt) % Comparison
For the Engineering & Construction subindustry, Shanghai Construction Group 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.
Shanghai Construction Group Co ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Shanghai Construction Group Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Shanghai Construction Group Co's ROC (Joel Greenblatt) % falls into.
Shanghai Construction Group 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 22.41% mean?
Shanghai Construction Group Co (SHSE:600170) has a ROC (Joel Greenblatt) % of 22.41% 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 Shanghai Construction Group Co and its competitors. This is 60% below median its historical median of 56.50. Over the past decade, Shanghai Construction Group Co's ROC (Joel Greenblatt) % has ranged from 28.37 to 89.42. According to the industry distribution chart, Shanghai Construction Group Co ranks #668 out of 1786 companies in the Construction industry, placing it in the top 37.4%.
Is Shanghai Construction Group Co's ROC (Joel Greenblatt) % too high?
Shanghai Construction Group Co's current ROC (Joel Greenblatt) % of 22.41% is 60% below median its 10-year median of 56.50. Over the past 10 years, this metric has ranged from a low of 28.37 to a high of 89.42. The Construction industry median ROC (Joel Greenblatt) % is 19.47. Shanghai Construction Group Co's value of 22.41% is 15.1% above this industry median. Based on the distribution chart, Shanghai Construction Group Co ranks #668 out of 1786 companies in the Construction industry, which is above the industry midpoint. Overall, Shanghai Construction Group Co has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai Construction Group Co's ROC (Joel Greenblatt) % compare to PWR and FIX?
According to the Construction industry distribution chart, Shanghai Construction Group Co ranks #668 out of 1786 companies for ROC (Joel Greenblatt) %. This puts Shanghai Construction Group Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 19.47. Shanghai Construction Group Co's value of 22.41% is 15.1% above this benchmark. Historically, Shanghai Construction Group Co's own ROC (Joel Greenblatt) % has ranged from 28.37 to 89.42 over the past decade. While the company's 10-year median is 56.50 vs. the industry median of 19.47, Shanghai Construction Group 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 Construction company?
The median ROC (Joel Greenblatt) % among Construction companies is 19.47, based on 1,786 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. Shanghai Construction Group Co's current ROC (Joel Greenblatt) % of 22.41% is 15.1% 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 Shanghai Construction Group Co and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai Construction Group Co's current ROC (Joel Greenblatt) % is 22.41%, which is 60% below median its own 10-year median of 56.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Construction Group Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Construction Group Co (SHSE:600170) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥1.85, compared to a current price of ¥2.31 — trading 24.9% above its estimated fair value. The current ROC (Joel Greenblatt) % is 22.41%, which is 60% below median its 10-year median of 56.50 and 15.1% above the Construction industry median of 19.47. Shanghai Construction Group Co's overall GF Score™ is 69/100 with 5 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 Shanghai Construction Group Co (SHSE:600170), the current ROC (Joel Greenblatt) % is 22.41% 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 Shanghai Construction Group Co (SHSE:600170) Overvalued in 2026?
Based on GuruFocus' analysis, Shanghai Construction Group Co stock appears to be overvalued.
The current stock price of ¥2.31 is trading 24.9% above its estimated GF Value™ of ¥1.85.
GuruFocus considers Shanghai Construction Group Co to be Modestly Overvalued.
Key valuation signals for SHSE:600170:
ROC (Joel Greenblatt) %: 22.41% (60% below median its 10-year median of 56.50)
GF Value™: ¥1.85 vs. price of ¥2.31 (24.9% above fair value)
Industry Position: 15.1% above the Construction median (#668 of 1786)
No single metric tells the full story. See the SHSE:600170 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shanghai Construction Group Co Ltd is a China-based company engaged in the construction business, with real estate development and urban construction investment business. It engages in contracting, design, construction, consulting and production, operation, and sale of supporting equipment, materials, and components for all types of construction projects at home and abroad.
69GF Score
Get the complete analysis for SHSE:600170
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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