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.
Harbin Pharmaceutical Group CoSHSE:600664 +5.80%52 ROC (Joel Greenblatt) % is 28.57% as of Mar. 2026, which is 26% above its 10-year median of 22.73. GuruFocus rates SHSE:600664 with a GF Score™ of 52/100 and a GF Value™ of ¥3.59 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 981 Drug Manufacturers companies, Harbin Pharmaceutical Group Co ranks better than 60.45% 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. Harbin Pharmaceutical Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 28.57%.
The historical rank and industry rank for Harbin Pharmaceutical Group Co's ROC (Joel Greenblatt) % or its related term are showing as below:
SHSE:600664'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -29.07 Med: 22.73 Max: 35.55
Current: 17.39
During the past 13 years, Harbin Pharmaceutical Group Co's highest ROC (Joel Greenblatt) % was 35.55%. The lowest was -29.07%. And the median was 22.73%.
SHSE:600664's ROC (Joel Greenblatt) % is ranked better than 60.45% of 981
companies
in the Drug Manufacturers industry
Industry Median: 10.75
vs SHSE:600664: 17.39
Harbin Pharmaceutical Group Co (SHSE:600664) 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.
Harbin Pharmaceutical Group Co ROC (Joel Greenblatt) % Chart
SHSE:600664 vs ZTS: ROC (Joel Greenblatt) % Comparison
For the Drug Manufacturers - Specialty & Generic subindustry, Harbin Pharmaceutical 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.
Harbin Pharmaceutical Group Co ROC (Joel Greenblatt) % vs Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Harbin Pharmaceutical Group Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Harbin Pharmaceutical Group Co's ROC (Joel Greenblatt) % falls into.
Harbin Pharmaceutical 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 28.57% mean?
Harbin Pharmaceutical Group Co (SHSE:600664) has a ROC (Joel Greenblatt) % of 28.57% 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 Harbin Pharmaceutical Group Co and its competitors. This is 26% above median its historical median of 22.73. According to the industry distribution chart, Harbin Pharmaceutical Group Co ranks #388 out of 981 companies in the Drug Manufacturers industry, placing it in the top 39.6%.
Is Harbin Pharmaceutical Group Co's ROC (Joel Greenblatt) % too high?
Harbin Pharmaceutical Group Co's current ROC (Joel Greenblatt) % of 28.57% is 26% above median its 10-year median of 22.73. The Drug Manufacturers industry median ROC (Joel Greenblatt) % is 10.75. Harbin Pharmaceutical Group Co's value of 28.57% is 165.8% above this industry median. Based on the distribution chart, Harbin Pharmaceutical Group Co ranks #388 out of 981 companies in the Drug Manufacturers industry, which is above the industry midpoint. Overall, Harbin Pharmaceutical Group Co has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Harbin Pharmaceutical Group Co's ROC (Joel Greenblatt) % compare to ZTS?
According to the Drug Manufacturers industry distribution chart, Harbin Pharmaceutical Group Co ranks #388 out of 981 companies for ROC (Joel Greenblatt) %. This puts Harbin Pharmaceutical Group Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 10.75. Harbin Pharmaceutical Group Co's value of 28.57% is 165.8% above this benchmark. While the company's 10-year median is 22.73 vs. the industry median of 10.75, Harbin Pharmaceutical 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 Drug Manufacturers company?
The median ROC (Joel Greenblatt) % among Drug Manufacturers companies is 10.75, based on 981 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. Harbin Pharmaceutical Group Co's current ROC (Joel Greenblatt) % of 28.57% is 165.8% 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 Harbin Pharmaceutical Group Co and its competitors. For the Drug Manufacturers industry, the median ROC (Joel Greenblatt) % is 10.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harbin Pharmaceutical Group Co's current ROC (Joel Greenblatt) % is 28.57%, which is 26% above median its own 10-year median of 22.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harbin Pharmaceutical Group Co stock overvalued right now?
Based on GuruFocus' analysis, Harbin Pharmaceutical Group Co (SHSE:600664) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥3.59, compared to a current price of ¥8.75 — trading 143.7% above its estimated fair value. The current ROC (Joel Greenblatt) % is 28.57%, which is 26% above median its 10-year median of 22.73 and 165.8% above the Drug Manufacturers industry median of 10.75. Harbin Pharmaceutical Group Co's overall GF Score™ is 52/100 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 Harbin Pharmaceutical Group Co (SHSE:600664), the current ROC (Joel Greenblatt) % is 28.57% 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 Harbin Pharmaceutical Group Co (SHSE:600664) Overvalued in 2026?
Based on GuruFocus' analysis, Harbin Pharmaceutical Group Co stock appears to be overvalued.
The current stock price of ¥8.75 is trading 143.7% above its estimated GF Value™ of ¥3.59.
GuruFocus considers Harbin Pharmaceutical Group Co to be Significantly Overvalued.
Key valuation signals for SHSE:600664:
ROC (Joel Greenblatt) %: 28.57% (26% above median its 10-year median of 22.73)
GF Value™: ¥3.59 vs. price of ¥8.75 (143.7% above fair value)
Industry Position: 165.8% above the Drug Manufacturers median (#388 of 981)
No single metric tells the full story. See the SHSE:600664 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harbin Pharmaceutical Group Co Ltd is engaged in manufacturing, trading and research and development of pharmaceuticals. The company is organized into seven business segments - Antibiotics, Small-Molecular drug preparations, OTC and healthcare products, Modern Chinese medicines, Biopharmaceuticals, Animal vaccines, and medicine circulations. The company sells its products across China and fifty other countries. Some of its brands are - Hayao, Sanjing, Gaizhonggai, Hutong, and Shiyitang.
52GF Score
Get the complete analysis for SHSE:600664
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:600664 has been successfully added to your 
