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Shang Gong Group CoSHSE:600843 +0.87%46 ROC (Joel Greenblatt) % is 3.63% as of Mar. 2026, which is 64% below its 10-year median of 10.20. GuruFocus rates SHSE:600843 with a GF Score™ of 46/100 and a GF Value™ of ¥9.56 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 3,069 Industrial Products companies, Shang Gong Group Co ranks worse than 76.31% 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. Shang Gong Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 3.63%.
The historical rank and industry rank for Shang Gong Group Co's ROC (Joel Greenblatt) % or its related term are showing as below:
SHSE:600843'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -6.84 Med: 10.2 Max: 22.56
Current: 0.59
During the past 13 years, Shang Gong Group Co's highest ROC (Joel Greenblatt) % was 22.56%. The lowest was -6.84%. And the median was 10.20%.
SHSE:600843's ROC (Joel Greenblatt) % is ranked worse than 76.31% of 3069
companies
in the Industrial Products industry
Industry Median: 12.13
vs SHSE:600843: 0.59
Shang Gong Group Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Shang Gong Group Co (SHSE:600843) 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.
Shang Gong Group Co ROC (Joel Greenblatt) % Related Terms
Shang Gong Group Co ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Shang Gong Group 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.
SHSE:600843 vs GEV, ETN, PH: ROC (Joel Greenblatt) % Comparison
For the Specialty Industrial Machinery subindustry, Shang Gong 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.
Shang Gong Group Co ROC (Joel Greenblatt) % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Shang Gong Group Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Shang Gong Group Co's ROC (Joel Greenblatt) % falls into.
Shang Gong 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 3.63% mean?
Shang Gong Group Co (SHSE:600843) has a ROC (Joel Greenblatt) % of 3.63% 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 Shang Gong Group Co and its competitors. This is 64% below median its historical median of 10.20. According to the industry distribution chart, Shang Gong Group Co ranks #2342 out of 3069 companies in the Industrial Products industry, placing it in the top 76.3%.
Is Shang Gong Group Co's ROC (Joel Greenblatt) % too high?
Shang Gong Group Co's current ROC (Joel Greenblatt) % of 3.63% is 64% below median its 10-year median of 10.20. The Industrial Products industry median ROC (Joel Greenblatt) % is 12.13. Shang Gong Group Co's value of 3.63% is 70.1% below this industry median. Based on the distribution chart, Shang Gong Group Co ranks #2342 out of 3069 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Shang Gong Group Co has a GF Score™ of 46/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shang Gong Group Co's ROC (Joel Greenblatt) % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Shang Gong Group Co ranks #2342 out of 3069 companies for ROC (Joel Greenblatt) %. This places Shang Gong Group Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 12.13. Shang Gong Group Co's value of 3.63% is 70.1% below this benchmark. While the company's 10-year median is 10.20 vs. the industry median of 12.13, Shang Gong Group 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 an Industrial Products company?
The median ROC (Joel Greenblatt) % among Industrial Products companies is 12.13, based on 3,069 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. Shang Gong Group Co's current ROC (Joel Greenblatt) % of 3.63% is 70.1% 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 Shang Gong Group Co and its competitors. For the Industrial Products industry, the median ROC (Joel Greenblatt) % is 12.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shang Gong Group Co's current ROC (Joel Greenblatt) % is 3.63%, which is 64% below median its own 10-year median of 10.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shang Gong Group Co stock overvalued right now?
Based on GuruFocus' analysis, Shang Gong Group Co (SHSE:600843) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥9.56, compared to a current price of ¥6.92 — trading 27.6% below its estimated fair value. The current ROC (Joel Greenblatt) % is 3.63%, which is 64% below median its 10-year median of 10.20 and 70.1% below the Industrial Products industry median of 12.13. Shang Gong Group Co's overall GF Score™ is 46/100 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 Shang Gong Group Co (SHSE:600843), the current ROC (Joel Greenblatt) % is 3.63% 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 Shang Gong Group Co (SHSE:600843) Overvalued in 2026?
Based on GuruFocus' analysis, Shang Gong Group Co stock appears to be undervalued.
The current stock price of ¥6.92 is trading 27.6% below its estimated GF Value™ of ¥9.56.
GuruFocus considers Shang Gong Group Co to be Modestly Undervalued.
Key valuation signals for SHSE:600843:
ROC (Joel Greenblatt) %: 3.63% (64% below median its 10-year median of 10.20)
GF Value™: ¥9.56 vs. price of ¥6.92 (27.6% below fair value)
Industry Position: 70.1% below the Industrial Products median (#2342 of 3069)
No single metric tells the full story. See the SHSE:600843 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shang Gong Group Co Ltd is engaged in research & development, production, sale, and maintenance of sewing machines and spare parts in China. It is also engaged in the production of auto parts, office equipment, and related trading businesses. The company provides high-end sewing products for automakers like Mercedes-Benz, BMW, Audi, and General Motors; in aerospace and new material fields also have large customers including Boeing, Airbus, and COMAC. It owns manufacturing enterprises in China, Germany, the Czech Republic, and Romania, and its sales network has spread across the world. Its household sewing machine brands - Butterfly, Flyman, and Bee are widely known in China and sold to overseas markets.
46GF Score
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