Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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. Cinda Real Estate Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -2.81%.
The historical rank and industry rank for Cinda Real Estate Co's ROC (Joel Greenblatt) % or its related term are showing as below:
SHSE:600657'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -23.62 Med: 11.06 Max: 16.15
Current: -23.62
During the past 13 years, Cinda Real Estate Co's highest ROC (Joel Greenblatt) % was 16.15%. The lowest was -23.62%. And the median was 11.06%.
SHSE:600657's ROC (Joel Greenblatt) % is ranked worse than 86.62% of 1749
companies
in the Real Estate industry
Industry Median: 12.88
vs SHSE:600657: -23.62
Cinda Real Estate Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Cinda Real Estate Co (SHSE:600657) 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.
Cinda Real Estate Co ROC (Joel Greenblatt) % Related Terms
Cinda Real Estate Co ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Cinda Real Estate Co's ROC (Joel Greenblatt) % can be seen below:
* 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.
Cinda Real Estate Co ROC (Joel Greenblatt) % Chart
Cinda Real Estate Co ROC (Joel Greenblatt) % Competitor Comparison
For the Real Estate - Development subindustry, Cinda Real Estate 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.
Cinda Real Estate Co ROC (Joel Greenblatt) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Cinda Real Estate Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Cinda Real Estate Co's ROC (Joel Greenblatt) % falls into.
Cinda Real Estate 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 -2.81% mean?
Cinda Real Estate Co (SHSE:600657) has a ROC (Joel Greenblatt) % of -2.81% 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 Cinda Real Estate Co and its competitors. According to the industry distribution chart, Cinda Real Estate Co ranks #1515 out of 1749 companies in the Real Estate industry, placing it in the top 86.6%.
Is Cinda Real Estate Co's ROC (Joel Greenblatt) % too high?
Cinda Real Estate Co's current ROC (Joel Greenblatt) % is -2.81%. Based on the distribution chart, Cinda Real Estate Co ranks #1515 out of 1749 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Cinda Real Estate Co has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cinda Real Estate Co's ROC (Joel Greenblatt) % compare to competitors?
According to the Real Estate industry distribution chart, Cinda Real Estate Co ranks #1515 out of 1749 companies for ROC (Joel Greenblatt) %. This places Cinda Real Estate Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 12.88. 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 12.88, based on 1,749 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. 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 Cinda Real Estate Co and its competitors. For the Real Estate industry, the median ROC (Joel Greenblatt) % is 12.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cinda Real Estate Co's current ROC (Joel Greenblatt) % is -2.81%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cinda Real Estate Co stock overvalued right now?
Based on GuruFocus' analysis, Cinda Real Estate Co (SHSE:600657) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥1.74, compared to a current price of ¥2.58 — trading 48.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is -2.81%. Cinda Real Estate Co's overall GF Score™ is 44/100 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 Cinda Real Estate Co (SHSE:600657), the current ROC (Joel Greenblatt) % is -2.81% 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 Cinda Real Estate Co (SHSE:600657) Overvalued in 2026?
Based on GuruFocus' analysis, Cinda Real Estate Co stock appears to be overvalued.
The current stock price of ¥2.58 is trading 48.3% above its estimated GF Value™ of ¥1.74.
GuruFocus considers Cinda Real Estate Co to be Significantly Overvalued.
Key valuation signals for SHSE:600657:
ROC (Joel Greenblatt) %: -2.81%
GF Value™: ¥1.74 vs. price of ¥2.58 (48.3% above fair value)
No single metric tells the full story. See the SHSE:600657 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cinda Real Estate Co Ltd is a real estate company. It is engaged in real estate development and commercial housing distribution, as well as property management and leasing in China. The company includes more than ten real estate development and investment enterprises with first-class development qualifications.
44GF Score
Get the complete analysis for SHSE:600657
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SHSE:600657 has been successfully added to your 
