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.
Ningbo Zhongbai CoSHSE:600857 -0.79%49 ROC (Joel Greenblatt) % is 15.19% as of Mar. 2026, which is 45% above its 10-year median of 10.44. GuruFocus rates SHSE:600857 with a GF Score™ of 49/100 and a GF Value™ of ¥3.32 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,132 Retail - Cyclical companies, Ningbo Zhongbai Co ranks better than 73.59% 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. Ningbo Zhongbai Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 15.19%.
The historical rank and industry rank for Ningbo Zhongbai Co's ROC (Joel Greenblatt) % or its related term are showing as below:
SHSE:600857'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.07 Med: 10.44 Max: 89.67
Current: 27.17
During the past 13 years, Ningbo Zhongbai Co's highest ROC (Joel Greenblatt) % was 89.67%. The lowest was 4.07%. And the median was 10.44%.
SHSE:600857's ROC (Joel Greenblatt) % is ranked better than 73.59% of 1132
companies
in the Retail - Cyclical industry
Industry Median: 11.88
vs SHSE:600857: 27.17
Ningbo Zhongbai Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 32.70% per year.
Ningbo Zhongbai Co (SHSE:600857) 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.
Ningbo Zhongbai Co ROC (Joel Greenblatt) % Related Terms
Ningbo Zhongbai Co ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Ningbo Zhongbai 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:600857 vs DDS: ROC (Joel Greenblatt) % Comparison
For the Department Stores subindustry, Ningbo Zhongbai 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.
Ningbo Zhongbai Co ROC (Joel Greenblatt) % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Ningbo Zhongbai Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Ningbo Zhongbai Co's ROC (Joel Greenblatt) % falls into.
Ningbo Zhongbai 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 15.19% mean?
Ningbo Zhongbai Co (SHSE:600857) has a ROC (Joel Greenblatt) % of 15.19% 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 Ningbo Zhongbai Co and its competitors. This is 45% above median its historical median of 10.44. Over the past decade, Ningbo Zhongbai Co's ROC (Joel Greenblatt) % has ranged from 4.07 to 89.67. According to the industry distribution chart, Ningbo Zhongbai Co ranks #299 out of 1132 companies in the Retail - Cyclical industry, placing it in the top 26.4%.
Is Ningbo Zhongbai Co's ROC (Joel Greenblatt) % too high?
Ningbo Zhongbai Co's current ROC (Joel Greenblatt) % of 15.19% is 45% above median its 10-year median of 10.44. Over the past 10 years, this metric has ranged from a low of 4.07 to a high of 89.67. The Retail - Cyclical industry median ROC (Joel Greenblatt) % is 11.88. Ningbo Zhongbai Co's value of 15.19% is 27.9% above this industry median. Based on the distribution chart, Ningbo Zhongbai Co ranks #299 out of 1132 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Ningbo Zhongbai Co has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ningbo Zhongbai Co's ROC (Joel Greenblatt) % compare to DDS?
According to the Retail - Cyclical industry distribution chart, Ningbo Zhongbai Co ranks #299 out of 1132 companies for ROC (Joel Greenblatt) %. This puts Ningbo Zhongbai Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.88. Ningbo Zhongbai Co's value of 15.19% is 27.9% above this benchmark. Historically, Ningbo Zhongbai Co's own ROC (Joel Greenblatt) % has ranged from 4.07 to 89.67 over the past decade. While the company's 10-year median is 10.44 vs. the industry median of 11.88, Ningbo Zhongbai 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 Retail - Cyclical company?
The median ROC (Joel Greenblatt) % among Retail - Cyclical companies is 11.88, based on 1,132 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. Ningbo Zhongbai Co's current ROC (Joel Greenblatt) % of 15.19% is 27.9% 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 Ningbo Zhongbai Co and its competitors. For the Retail - Cyclical industry, the median ROC (Joel Greenblatt) % is 11.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ningbo Zhongbai Co's current ROC (Joel Greenblatt) % is 15.19%, which is 45% above median its own 10-year median of 10.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Zhongbai Co stock overvalued right now?
Based on GuruFocus' analysis, Ningbo Zhongbai Co (SHSE:600857) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥3.32, compared to a current price of ¥20.09 — trading 505.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 15.19%, which is 45% above median its 10-year median of 10.44 and 27.9% above the Retail - Cyclical industry median of 11.88. Ningbo Zhongbai Co's overall GF Score™ is 49/100 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 Ningbo Zhongbai Co (SHSE:600857), the current ROC (Joel Greenblatt) % is 15.19% 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 Ningbo Zhongbai Co (SHSE:600857) Overvalued in 2026?
Based on GuruFocus' analysis, Ningbo Zhongbai Co stock appears to be overvalued.
The current stock price of ¥20.09 is trading 505.1% above its estimated GF Value™ of ¥3.32.
GuruFocus considers Ningbo Zhongbai Co to be Significantly Overvalued.
Key valuation signals for SHSE:600857:
ROC (Joel Greenblatt) %: 15.19% (45% above median its 10-year median of 10.44)
GF Value™: ¥3.32 vs. price of ¥20.09 (505.1% above fair value)
Industry Position: 27.9% above the Retail - Cyclical median (#299 of 1132)
No single metric tells the full story. See the SHSE:600857 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ningbo Zhongbai Co Ltd is engaged in wholesale and retail of commercial department stores. The company's business scope includes gold, jewelry, needle textiles, clothing, cosmetics, luggage, shoes and hats, daily necessities, handicrafts, toys, culture, sporting goods and equipment, machinery and equipment, hardware, household appliances, electronic products, communication equipment, construction and decoration materials, furniture wholesale, and others.
49GF Score
Get the complete analysis for SHSE:600857
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:600857 has been successfully added to your 
