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Shenzhen Kingdom Sci-tech CoSHSE:600446 +0.18%59 ROC (Joel Greenblatt) % is 35.40% as of Jun. 2026, which is 37% below its 10-year median of 56.57. GuruFocus rates SHSE:600446 with a GF Score™ of 59/100 and a GF Value™ of ¥7.81 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,814 Software companies, Shenzhen Kingdom Sci-tech Co ranks worse than 66.35% 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. Shenzhen Kingdom Sci-tech Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 35.40%.
The historical rank and industry rank for Shenzhen Kingdom Sci-tech Co's ROC (Joel Greenblatt) % or its related term are showing as below:
SHSE:600446'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -37.83 Med: 56.57 Max: 178.43
Current: -13.29
During the past 13 years, Shenzhen Kingdom Sci-tech Co's highest ROC (Joel Greenblatt) % was 178.43%. The lowest was -37.83%. And the median was 56.57%.
SHSE:600446's ROC (Joel Greenblatt) % is ranked worse than 66.35% of 2814
companies
in the Software industry
Industry Median: 20.885
vs SHSE:600446: -13.29
Shenzhen Kingdom Sci-tech Co (SHSE:600446) 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.
Shenzhen Kingdom Sci-tech Co ROC (Joel Greenblatt) % Chart
SHSE:600446 vs CRM, SHOP, UBER: ROC (Joel Greenblatt) % Comparison
For the Software - Application subindustry, Shenzhen Kingdom Sci-tech 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.
Shenzhen Kingdom Sci-tech Co ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Shenzhen Kingdom Sci-tech Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Shenzhen Kingdom Sci-tech Co's ROC (Joel Greenblatt) % falls into.
Shenzhen Kingdom Sci-tech 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 35.40% mean?
Shenzhen Kingdom Sci-tech Co (SHSE:600446) has a ROC (Joel Greenblatt) % of 35.40% 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 Shenzhen Kingdom Sci-tech Co and its competitors. This is 37% below median its historical median of 56.57. According to the industry distribution chart, Shenzhen Kingdom Sci-tech Co ranks #1867 out of 2814 companies in the Software industry, placing it in the top 66.3%.
Is Shenzhen Kingdom Sci-tech Co's ROC (Joel Greenblatt) % too high?
Shenzhen Kingdom Sci-tech Co's current ROC (Joel Greenblatt) % of 35.40% is 37% below median its 10-year median of 56.57. The Software industry median ROC (Joel Greenblatt) % is 20.89. Shenzhen Kingdom Sci-tech Co's value of 35.40% is 69.5% above this industry median. Based on the distribution chart, Shenzhen Kingdom Sci-tech Co ranks #1867 out of 2814 companies in the Software industry, which is below the industry midpoint. Overall, Shenzhen Kingdom Sci-tech Co has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shenzhen Kingdom Sci-tech Co's ROC (Joel Greenblatt) % compare to CRM and SHOP?
According to the Software industry distribution chart, Shenzhen Kingdom Sci-tech Co ranks #1867 out of 2814 companies for ROC (Joel Greenblatt) %. This places Shenzhen Kingdom Sci-tech Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 20.89. Shenzhen Kingdom Sci-tech Co's value of 35.40% is 69.5% above this benchmark. While the company's 10-year median is 56.57 vs. the industry median of 20.89, Shenzhen Kingdom Sci-tech 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 Software company?
The median ROC (Joel Greenblatt) % among Software companies is 20.89, based on 2,814 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. Shenzhen Kingdom Sci-tech Co's current ROC (Joel Greenblatt) % of 35.40% is 69.5% 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 Shenzhen Kingdom Sci-tech Co and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 20.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shenzhen Kingdom Sci-tech Co's current ROC (Joel Greenblatt) % is 35.40%, which is 37% below median its own 10-year median of 56.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shenzhen Kingdom Sci-tech Co stock overvalued right now?
Based on GuruFocus' analysis, Shenzhen Kingdom Sci-tech Co (SHSE:600446) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥7.81, compared to a current price of ¥10.91 — trading 39.7% above its estimated fair value. The current ROC (Joel Greenblatt) % is 35.40%, which is 37% below median its 10-year median of 56.57 and 69.5% above the Software industry median of 20.89. Shenzhen Kingdom Sci-tech Co's overall GF Score™ is 59/100 with 4 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 Shenzhen Kingdom Sci-tech Co (SHSE:600446), the current ROC (Joel Greenblatt) % is 35.40% 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 Shenzhen Kingdom Sci-tech Co (SHSE:600446) Overvalued in 2026?
Based on GuruFocus' analysis, Shenzhen Kingdom Sci-tech Co stock appears to be overvalued.
The current stock price of ¥10.91 is trading 39.7% above its estimated GF Value™ of ¥7.81.
GuruFocus considers Shenzhen Kingdom Sci-tech Co to be Significantly Overvalued.
Key valuation signals for SHSE:600446:
ROC (Joel Greenblatt) %: 35.40% (37% below median its 10-year median of 56.57)
GF Value™: ¥7.81 vs. price of ¥10.91 (39.7% above fair value)
Industry Position: 69.5% above the Software median (#1867 of 2814)
No single metric tells the full story. See the SHSE:600446 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shenzhen Kingdom Sci-tech Co Ltd operates as a financial technology company in China. It offers software in the fields of securities, funds, banking, futures, insurance, trust, integrated finance, and regulatory agencies.
59GF Score
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