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Hebei Hengshui Laobaigan Liquor CoSHSE:600559 +1.73%76 ROC (Joel Greenblatt) % is 36.75% as of Mar. 2026, which is 15% below its 10-year median of 43.25. GuruFocus rates SHSE:600559 with a GF Score™ of 76/100 and a GF Value™ of ¥14.33 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 212 Beverages - Alcoholic companies, Hebei Hengshui Laobaigan Liquor Co ranks better than 72.64% 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. Hebei Hengshui Laobaigan Liquor Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 36.75%.
The historical rank and industry rank for Hebei Hengshui Laobaigan Liquor Co's ROC (Joel Greenblatt) % or its related term are showing as below:
SHSE:600559'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 23.37 Med: 43.25 Max: 58.96
Current: 27.25
During the past 13 years, Hebei Hengshui Laobaigan Liquor Co's highest ROC (Joel Greenblatt) % was 58.96%. The lowest was 23.37%. And the median was 43.25%.
SHSE:600559's ROC (Joel Greenblatt) % is ranked better than 72.64% of 212
companies
in the Beverages - Alcoholic industry
Industry Median: 12.215
vs SHSE:600559: 27.25
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.
Hebei Hengshui Laobaigan Liquor Co ROC (Joel Greenblatt) % Chart
SHSE:600559 vs BF.B: ROC (Joel Greenblatt) % Comparison
For the Beverages - Wineries & Distilleries subindustry, Hebei Hengshui Laobaigan Liquor 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.
Hebei Hengshui Laobaigan Liquor Co ROC (Joel Greenblatt) % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Hebei Hengshui Laobaigan Liquor Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Hebei Hengshui Laobaigan Liquor Co's ROC (Joel Greenblatt) % falls into.
Hebei Hengshui Laobaigan Liquor 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 36.75% mean?
Hebei Hengshui Laobaigan Liquor Co (SHSE:600559) has a ROC (Joel Greenblatt) % of 36.75% 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 Hebei Hengshui Laobaigan Liquor Co and its competitors. This is 15% below median its historical median of 43.25. Over the past decade, Hebei Hengshui Laobaigan Liquor Co's ROC (Joel Greenblatt) % has ranged from 23.37 to 58.96. According to the industry distribution chart, Hebei Hengshui Laobaigan Liquor Co ranks #58 out of 212 companies in the Beverages - Alcoholic industry, placing it in the top 27.4%.
Is Hebei Hengshui Laobaigan Liquor Co's ROC (Joel Greenblatt) % too high?
Hebei Hengshui Laobaigan Liquor Co's current ROC (Joel Greenblatt) % of 36.75% is 15% below median its 10-year median of 43.25. Over the past 10 years, this metric has ranged from a low of 23.37 to a high of 58.96. The Beverages - Alcoholic industry median ROC (Joel Greenblatt) % is 12.22. Hebei Hengshui Laobaigan Liquor Co's value of 36.75% is 200.9% above this industry median. Based on the distribution chart, Hebei Hengshui Laobaigan Liquor Co ranks #58 out of 212 companies in the Beverages - Alcoholic industry, which is above the industry midpoint. Overall, Hebei Hengshui Laobaigan Liquor Co has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hebei Hengshui Laobaigan Liquor Co's ROC (Joel Greenblatt) % compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, Hebei Hengshui Laobaigan Liquor Co ranks #58 out of 212 companies for ROC (Joel Greenblatt) %. This puts Hebei Hengshui Laobaigan Liquor Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 12.22. Hebei Hengshui Laobaigan Liquor Co's value of 36.75% is 200.9% above this benchmark. Historically, Hebei Hengshui Laobaigan Liquor Co's own ROC (Joel Greenblatt) % has ranged from 23.37 to 58.96 over the past decade. While the company's 10-year median is 43.25 vs. the industry median of 12.22, Hebei Hengshui Laobaigan Liquor 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 12.22, based on 212 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. Hebei Hengshui Laobaigan Liquor Co's current ROC (Joel Greenblatt) % of 36.75% is 200.9% 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 Hebei Hengshui Laobaigan Liquor Co and its competitors. For the Beverages - Alcoholic industry, the median ROC (Joel Greenblatt) % is 12.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hebei Hengshui Laobaigan Liquor Co's current ROC (Joel Greenblatt) % is 36.75%, which is 15% below median its own 10-year median of 43.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hebei Hengshui Laobaigan Liquor Co stock overvalued right now?
Based on GuruFocus' analysis, Hebei Hengshui Laobaigan Liquor Co (SHSE:600559) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥14.33, compared to a current price of ¥12.37 — trading 13.7% below its estimated fair value. The current ROC (Joel Greenblatt) % is 36.75%, which is 15% below median its 10-year median of 43.25 and 200.9% above the Beverages - Alcoholic industry median of 12.22. Hebei Hengshui Laobaigan Liquor Co's overall GF Score™ is 76/100 with 6 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 Hebei Hengshui Laobaigan Liquor Co (SHSE:600559), the current ROC (Joel Greenblatt) % is 36.75% 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 Hebei Hengshui Laobaigan Liquor Co (SHSE:600559) Overvalued in 2026?
Based on GuruFocus' analysis, Hebei Hengshui Laobaigan Liquor Co stock appears to be undervalued.
The current stock price of ¥12.37 is trading 13.7% below its estimated GF Value™ of ¥14.33.
GuruFocus considers Hebei Hengshui Laobaigan Liquor Co to be Modestly Undervalued.
Key valuation signals for SHSE:600559:
ROC (Joel Greenblatt) %: 36.75% (15% below median its 10-year median of 43.25)
GF Value™: ¥14.33 vs. price of ¥12.37 (13.7% below fair value)
Industry Position: 200.9% above the Beverages - Alcoholic median (#58 of 212)
No single metric tells the full story. See the SHSE:600559 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hebei Hengshui Laobaigan Liquor Co Ltd is engaged in the brewing industry. It is a manufacturer in the white liquor industry in China. The company's products include Hengshui old white and Eighteen White Square and 67 degrees.
76GF Score
Get the complete analysis for SHSE:600559
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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