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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. Changjiang & Jinggong Steel Building (Group) Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 58.38%.
SHSE:600496's ROC (Joel Greenblatt) % is ranked better than 78.69% of 1788
companies
in the Construction industry
Industry Median: 19.47
vs SHSE:600496: 56.65
Changjiang & Jinggong Steel Building (Group) Co (SHSE:600496) 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.
Changjiang & Jinggong Steel Building (Group) Co ROC (Joel Greenblatt) % Chart
Changjiang & Jinggong Steel Building (Group) Co Annual Data
SHSE:600496 vs PWR, FIX, EME: ROC (Joel Greenblatt) % Comparison
For the Engineering & Construction subindustry, Changjiang & Jinggong Steel Building (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.
Changjiang & Jinggong Steel Building (Group) Co ROC (Joel Greenblatt) % vs Construction Industry
Changjiang & Jinggong Steel Building (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 58.38% mean?
Changjiang & Jinggong Steel Building (Group) Co (SHSE:600496) has a ROC (Joel Greenblatt) % of 58.38% 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 Changjiang & Jinggong Steel Building (Group) Co and its competitors. This is 20% above median its historical median of 48.50. Over the past decade, Changjiang & Jinggong Steel Building (Group) Co's ROC (Joel Greenblatt) % has ranged from 6.95 to 80.67. According to the industry distribution chart, Changjiang & Jinggong Steel Building (Group) Co ranks #381 out of 1788 companies in the Construction industry, placing it in the top 21.3%.
Is Changjiang & Jinggong Steel Building (Group) Co's ROC (Joel Greenblatt) % too high?
Changjiang & Jinggong Steel Building (Group) Co's current ROC (Joel Greenblatt) % of 58.38% is 20% above median its 10-year median of 48.50. Over the past 10 years, this metric has ranged from a low of 6.95 to a high of 80.67. The Construction industry median ROC (Joel Greenblatt) % is 19.47. Changjiang & Jinggong Steel Building (Group) Co's value of 58.38% is 199.8% above this industry median. Based on the distribution chart, Changjiang & Jinggong Steel Building (Group) Co ranks #381 out of 1788 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Changjiang & Jinggong Steel Building (Group) Co has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Changjiang & Jinggong Steel Building (Group) Co's ROC (Joel Greenblatt) % compare to PWR and FIX?
According to the Construction industry distribution chart, Changjiang & Jinggong Steel Building (Group) Co ranks #381 out of 1788 companies for ROC (Joel Greenblatt) %. This places Changjiang & Jinggong Steel Building (Group) Co in the top 21% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 19.47. Changjiang & Jinggong Steel Building (Group) Co's value of 58.38% is 199.8% above this benchmark. Historically, Changjiang & Jinggong Steel Building (Group) Co's own ROC (Joel Greenblatt) % has ranged from 6.95 to 80.67 over the past decade. While the company's 10-year median is 48.50 vs. the industry median of 19.47, Changjiang & Jinggong Steel Building (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 1,788 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. Changjiang & Jinggong Steel Building (Group) Co's current ROC (Joel Greenblatt) % of 58.38% is 199.8% 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 Changjiang & Jinggong Steel Building (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. Changjiang & Jinggong Steel Building (Group) Co's current ROC (Joel Greenblatt) % is 58.38%, which is 20% above median its own 10-year median of 48.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Changjiang & Jinggong Steel Building (Group) Co stock overvalued right now?
Based on GuruFocus' analysis, Changjiang & Jinggong Steel Building (Group) Co (SHSE:600496) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥4.09, compared to a current price of ¥3.25 — trading 20.5% below its estimated fair value. The current ROC (Joel Greenblatt) % is 58.38%, which is 20% above median its 10-year median of 48.50 and 199.8% above the Construction industry median of 19.47. Changjiang & Jinggong Steel Building (Group) Co's overall GF Score™ is 84/100 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 Changjiang & Jinggong Steel Building (Group) Co (SHSE:600496), the current ROC (Joel Greenblatt) % is 58.38% 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 Changjiang & Jinggong Steel Building (Group) Co (SHSE:600496) Overvalued in 2026?
Based on GuruFocus' analysis, Changjiang & Jinggong Steel Building (Group) Co stock appears to be undervalued.
The current stock price of ¥3.25 is trading 20.5% below its estimated GF Value™ of ¥4.09.
GuruFocus considers Changjiang & Jinggong Steel Building (Group) Co to be Modestly Undervalued.
Key valuation signals for SHSE:600496:
ROC (Joel Greenblatt) %: 58.38% (20% above median its 10-year median of 48.50)
GF Value™: ¥4.09 vs. price of ¥3.25 (20.5% below fair value)
Industry Position: 199.8% above the Construction median (#381 of 1788)
No single metric tells the full story. See the SHSE:600496 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Changjiang & Jinggong Steel Building (Group) Co Ltd is a China-based company engaged in the design, production, construction, and engineering services of steel construction and enclosure system. Its main products include light steel structures, space large span steel structures, high-rise steel structures, envelope systems and fasteners, as well as curtain wall systems. The company mainly operates its businesses in the domestic and overseas markets.
84GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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