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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. CETC Chips Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was -3.06%.
The historical rank and industry rank for CETC Chips Technology's ROC (Joel Greenblatt) % or its related term are showing as below:
SHSE:600877'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -46.51 Med: 27 Max: 77.74
Current: 1.91
During the past 13 years, CETC Chips Technology's highest ROC (Joel Greenblatt) % was 77.74%. The lowest was -46.51%. And the median was 27.00%.
SHSE:600877's ROC (Joel Greenblatt) % is ranked worse than 65.61% of 1038
companies
in the Semiconductors industry
Industry Median: 12.6
vs SHSE:600877: 1.91
CETC Chips Technology's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -40.10% per year.
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.
CETC Chips Technology ROC (Joel Greenblatt) % Related Terms
CETC Chips Technology ROC (Joel Greenblatt) % Historical Data
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The historical data trend for CETC Chips Technology'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:600877 vs NVDA, AVGO, MU: ROC (Joel Greenblatt) % Comparison
For the Semiconductors subindustry, CETC Chips Technology'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.
CETC Chips Technology ROC (Joel Greenblatt) % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, CETC Chips Technology's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where CETC Chips Technology's ROC (Joel Greenblatt) % falls into.
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 (Jun. 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 -3.06% mean?
CETC Chips Technology (SHSE:600877) has a ROC (Joel Greenblatt) % of -3.06% as of Jun. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on CETC Chips Technology and its competitors. According to the industry distribution chart, CETC Chips Technology ranks #681 out of 1038 companies in the Semiconductors industry, placing it in the top 65.6%.
Is CETC Chips Technology's ROC (Joel Greenblatt) % too high?
CETC Chips Technology's current ROC (Joel Greenblatt) % is -3.06%. Based on the distribution chart, CETC Chips Technology ranks #681 out of 1038 companies in the Semiconductors industry, which is below the industry midpoint. Overall, CETC Chips Technology has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CETC Chips Technology's ROC (Joel Greenblatt) % compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, CETC Chips Technology ranks #681 out of 1038 companies for ROC (Joel Greenblatt) %. This places CETC Chips Technology in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 12.60. 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 Semiconductors company?
The median ROC (Joel Greenblatt) % among Semiconductors companies is 12.60, based on 1,038 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 CETC Chips Technology and its competitors. For the Semiconductors industry, the median ROC (Joel Greenblatt) % is 12.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CETC Chips Technology's current ROC (Joel Greenblatt) % is -3.06%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CETC Chips Technology stock overvalued right now?
Based on GuruFocus' analysis, CETC Chips Technology (SHSE:600877) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥10.27, compared to a current price of ¥11.87 — trading 15.6% above its estimated fair value. The current ROC (Joel Greenblatt) % is -3.06%. CETC Chips Technology's overall GF Score™ is 68/100 with 3 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 CETC Chips Technology (SHSE:600877), the current ROC (Joel Greenblatt) % is -3.06% as of Jun. 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 CETC Chips Technology (SHSE:600877) Overvalued in 2026?
Based on GuruFocus' analysis, CETC Chips Technology stock appears to be overvalued.
The current stock price of ¥11.87 is trading 15.6% above its estimated GF Value™ of ¥10.27.
GuruFocus considers CETC Chips Technology to be Modestly Overvalued.
Key valuation signals for SHSE:600877:
ROC (Joel Greenblatt) %: -3.06%
GF Value™: ¥10.27 vs. price of ¥11.87 (15.6% above fair value)
No single metric tells the full story. See the SHSE:600877 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CETC Chips Technology Inc is engaged in the design, research and development, manufacture, testing and sales of silicon-based analog semiconductor chips and their application products.
68GF Score
Get the complete analysis for SHSE:600877
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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