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Hebei Jinniu Chemical Industry CoSHSE:600722 +5.56%63 ROC (Joel Greenblatt) % is 63.68% as of Mar. 2026, which is 72% above its 10-year median of 36.95. GuruFocus rates SHSE:600722 with a GF Score™ of 63/100 and a GF Value™ of ¥4.14 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,606 Chemicals companies, Hebei Jinniu Chemical Industry Co ranks better than 96.82% 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 Jinniu Chemical Industry Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 63.68%.
The historical rank and industry rank for Hebei Jinniu Chemical Industry Co's ROC (Joel Greenblatt) % or its related term are showing as below:
SHSE:600722'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.68 Med: 36.95 Max: 68
Current: 66.53
During the past 13 years, Hebei Jinniu Chemical Industry Co's highest ROC (Joel Greenblatt) % was 68.00%. The lowest was 2.68%. And the median was 36.95%.
SHSE:600722's ROC (Joel Greenblatt) % is ranked better than 96.82% of 1606
companies
in the Chemicals industry
Industry Median: 9.92
vs SHSE:600722: 66.53
Hebei Jinniu Chemical Industry Co (SHSE:600722) 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.
Hebei Jinniu Chemical Industry Co ROC (Joel Greenblatt) % Chart
SHSE:600722 vs DOW: ROC (Joel Greenblatt) % Comparison
For the Chemicals subindustry, Hebei Jinniu Chemical Industry 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 Jinniu Chemical Industry Co ROC (Joel Greenblatt) % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Hebei Jinniu Chemical Industry Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Hebei Jinniu Chemical Industry Co's ROC (Joel Greenblatt) % falls into.
Hebei Jinniu Chemical Industry 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 63.68% mean?
Hebei Jinniu Chemical Industry Co (SHSE:600722) has a ROC (Joel Greenblatt) % of 63.68% 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 Jinniu Chemical Industry Co and its competitors. This is 72% above median its historical median of 36.95. Over the past decade, Hebei Jinniu Chemical Industry Co's ROC (Joel Greenblatt) % has ranged from 2.68 to 68.00. According to the industry distribution chart, Hebei Jinniu Chemical Industry Co ranks #51 out of 1606 companies in the Chemicals industry, placing it in the top 3.2%.
Is Hebei Jinniu Chemical Industry Co's ROC (Joel Greenblatt) % too high?
Hebei Jinniu Chemical Industry Co's current ROC (Joel Greenblatt) % of 63.68% is 72% above median its 10-year median of 36.95. Over the past 10 years, this metric has ranged from a low of 2.68 to a high of 68.00. The Chemicals industry median ROC (Joel Greenblatt) % is 9.92. Hebei Jinniu Chemical Industry Co's value of 63.68% is 541.9% above this industry median. Based on the distribution chart, Hebei Jinniu Chemical Industry Co ranks #51 out of 1606 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Hebei Jinniu Chemical Industry Co has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hebei Jinniu Chemical Industry Co's ROC (Joel Greenblatt) % compare to DOW?
According to the Chemicals industry distribution chart, Hebei Jinniu Chemical Industry Co ranks #51 out of 1606 companies for ROC (Joel Greenblatt) %. This places Hebei Jinniu Chemical Industry Co in the top 3% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 9.92. Hebei Jinniu Chemical Industry Co's value of 63.68% is 541.9% above this benchmark. Historically, Hebei Jinniu Chemical Industry Co's own ROC (Joel Greenblatt) % has ranged from 2.68 to 68.00 over the past decade. While the company's 10-year median is 36.95 vs. the industry median of 9.92, Hebei Jinniu Chemical Industry 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 Chemicals company?
The median ROC (Joel Greenblatt) % among Chemicals companies is 9.92, based on 1,606 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 Jinniu Chemical Industry Co's current ROC (Joel Greenblatt) % of 63.68% is 541.9% 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 Jinniu Chemical Industry Co and its competitors. For the Chemicals industry, the median ROC (Joel Greenblatt) % is 9.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hebei Jinniu Chemical Industry Co's current ROC (Joel Greenblatt) % is 63.68%, which is 72% above median its own 10-year median of 36.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hebei Jinniu Chemical Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Hebei Jinniu Chemical Industry Co (SHSE:600722) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥4.14, compared to a current price of ¥12.52 — trading 202.4% above its estimated fair value. The current ROC (Joel Greenblatt) % is 63.68%, which is 72% above median its 10-year median of 36.95 and 541.9% above the Chemicals industry median of 9.92. Hebei Jinniu Chemical Industry Co's overall GF Score™ is 63/100 with 1 warning sign 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 Jinniu Chemical Industry Co (SHSE:600722), the current ROC (Joel Greenblatt) % is 63.68% 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 Jinniu Chemical Industry Co (SHSE:600722) Overvalued in 2026?
Based on GuruFocus' analysis, Hebei Jinniu Chemical Industry Co stock appears to be overvalued.
The current stock price of ¥12.52 is trading 202.4% above its estimated GF Value™ of ¥4.14.
GuruFocus considers Hebei Jinniu Chemical Industry Co to be Significantly Overvalued.
Key valuation signals for SHSE:600722:
ROC (Joel Greenblatt) %: 63.68% (72% above median its 10-year median of 36.95)
GF Value™: ¥4.14 vs. price of ¥12.52 (202.4% above fair value)
Industry Position: 541.9% above the Chemicals median (#51 of 1606)
No single metric tells the full story. See the SHSE:600722 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hebei Jinniu Chemical Industry Co Ltd is engaged in the manufacturing and sales of acetylene, hydrogen chloride gas, vinyl chloride, hydrochloric acid, compressed air, nitrogen, caustic soda, liquid chlorine, hydrogen, hydrochloric acid, sodium hypochlorite, and sulfuric acid.
63GF Score
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