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Hainan Airport Infrastructure CoSHSE:600515 -2.04%52 ROC (Joel Greenblatt) % is 5.30% as of Mar. 2026, which is 59% below its 10-year median of 12.87. GuruFocus rates SHSE:600515 with a GF Score™ of 52/100 and a GF Value™ of ¥4.43 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,752 Real Estate companies, Hainan Airport Infrastructure Co ranks worse than 69.12% 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. Hainan Airport Infrastructure Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 5.30%.
The historical rank and industry rank for Hainan Airport Infrastructure Co's ROC (Joel Greenblatt) % or its related term are showing as below:
SHSE:600515'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -72.68 Med: 12.87 Max: 23
Current: 3.36
During the past 13 years, Hainan Airport Infrastructure Co's highest ROC (Joel Greenblatt) % was 23.00%. The lowest was -72.68%. And the median was 12.87%.
SHSE:600515's ROC (Joel Greenblatt) % is ranked worse than 69.12% of 1752
companies
in the Real Estate industry
Industry Median: 13.465
vs SHSE:600515: 3.36
Hainan Airport Infrastructure Co (SHSE:600515) 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.
Hainan Airport Infrastructure Co ROC (Joel Greenblatt) % Chart
Hainan Airport Infrastructure Co ROC (Joel Greenblatt) % Competitor Comparison
For the Real Estate - Diversified subindustry, Hainan Airport Infrastructure 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.
Hainan Airport Infrastructure Co ROC (Joel Greenblatt) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Hainan Airport Infrastructure Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Hainan Airport Infrastructure Co's ROC (Joel Greenblatt) % falls into.
Hainan Airport Infrastructure 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 5.30% mean?
Hainan Airport Infrastructure Co (SHSE:600515) has a ROC (Joel Greenblatt) % of 5.30% 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 Hainan Airport Infrastructure Co and its competitors. This is 59% below median its historical median of 12.87. According to the industry distribution chart, Hainan Airport Infrastructure Co ranks #1211 out of 1752 companies in the Real Estate industry, placing it in the top 69.1%.
Is Hainan Airport Infrastructure Co's ROC (Joel Greenblatt) % too high?
Hainan Airport Infrastructure Co's current ROC (Joel Greenblatt) % of 5.30% is 59% below median its 10-year median of 12.87. The Real Estate industry median ROC (Joel Greenblatt) % is 13.47. Hainan Airport Infrastructure Co's value of 5.30% is 60.6% below this industry median. Based on the distribution chart, Hainan Airport Infrastructure Co ranks #1211 out of 1752 companies in the Real Estate industry, which is below the industry midpoint. Overall, Hainan Airport Infrastructure Co has a GF Score™ of 52/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Hainan Airport Infrastructure Co's ROC (Joel Greenblatt) % compare to competitors?
According to the Real Estate industry distribution chart, Hainan Airport Infrastructure Co ranks #1211 out of 1752 companies for ROC (Joel Greenblatt) %. This places Hainan Airport Infrastructure Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 13.47. Hainan Airport Infrastructure Co's value of 5.30% is 60.6% below this benchmark. While the company's 10-year median is 12.87 vs. the industry median of 13.47, Hainan Airport Infrastructure Co has consistently been below 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 Real Estate company?
The median ROC (Joel Greenblatt) % among Real Estate companies is 13.47, based on 1,752 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. Hainan Airport Infrastructure Co's current ROC (Joel Greenblatt) % of 5.30% is 60.6% below 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 Hainan Airport Infrastructure Co and its competitors. For the Real Estate industry, the median ROC (Joel Greenblatt) % is 13.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hainan Airport Infrastructure Co's current ROC (Joel Greenblatt) % is 5.30%, which is 59% below median its own 10-year median of 12.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hainan Airport Infrastructure Co stock overvalued right now?
Based on GuruFocus' analysis, Hainan Airport Infrastructure Co (SHSE:600515) is currently considered Possible Value Trap. The stock's GF Value™ is ¥4.43, compared to a current price of ¥2.88 — trading 35% below its estimated fair value. The current ROC (Joel Greenblatt) % is 5.30%, which is 59% below median its 10-year median of 12.87 and 60.6% below the Real Estate industry median of 13.47. Hainan Airport Infrastructure Co's overall GF Score™ is 52/100 with 7 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 Hainan Airport Infrastructure Co (SHSE:600515), the current ROC (Joel Greenblatt) % is 5.30% 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 Hainan Airport Infrastructure Co (SHSE:600515) Overvalued in 2026?
Based on GuruFocus' analysis, Hainan Airport Infrastructure Co stock appears to be undervalued.
The current stock price of ¥2.88 is trading 35% below its estimated GF Value™ of ¥4.43.
GuruFocus considers Hainan Airport Infrastructure Co to be Possible Value Trap.
Key valuation signals for SHSE:600515:
ROC (Joel Greenblatt) %: 5.30% (59% below median its 10-year median of 12.87)
GF Value™: ¥4.43 vs. price of ¥2.88 (35% below fair value)
Industry Position: 60.6% below the Real Estate median (#1211 of 1752)
No single metric tells the full story. See the SHSE:600515 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hainan Airport Infrastructure Co Ltd engages in airport operation management, duty-free and commercial business, and real estate development and sales. The Real Estate Business segment focuses on industrial park investment and development, sales of completed residential units, office properties, and apartments, and leasing and management of industrial parks and investment properties. The Airport Business segment covers both aviation-related and non-aviation operations. The Property Management Business segment delivers essential property services along with additional value-added offerings. The Duty-free & Commercial segment is involved in island-based retail and related commercial activities. The Other business segment includes hotel management, aviation training, and associated services.
52GF Score
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