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Fortune Ng Fung Food (hebei) CoSHSE:600965 -7.21%50 ROC (Joel Greenblatt) % is 5.91% as of Mar. 2026, which is 65% below its 10-year median of 17.13. GuruFocus rates SHSE:600965 with a GF Score™ of 50/100 and a GF Value™ of ¥5.79 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,980 Consumer Packaged Goods companies, Fortune Ng Fung Food (hebei) Co ranks worse than 69.85% 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. Fortune Ng Fung Food (hebei) Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 5.91%.
The historical rank and industry rank for Fortune Ng Fung Food (hebei) Co's ROC (Joel Greenblatt) % or its related term are showing as below:
SHSE:600965'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.93 Med: 17.13 Max: 28.19
Current: 4.19
During the past 13 years, Fortune Ng Fung Food (hebei) Co's highest ROC (Joel Greenblatt) % was 28.19%. The lowest was 3.93%. And the median was 17.13%.
SHSE:600965's ROC (Joel Greenblatt) % is ranked worse than 69.85% of 1980
companies
in the Consumer Packaged Goods industry
Industry Median: 12.045
vs SHSE:600965: 4.19
Fortune Ng Fung Food (hebei) Co (SHSE:600965) 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.
Fortune Ng Fung Food (hebei) Co ROC (Joel Greenblatt) % Chart
SHSE:600965 vs ADM, BG, TSN: ROC (Joel Greenblatt) % Comparison
For the Farm Products subindustry, Fortune Ng Fung Food (hebei) 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.
Fortune Ng Fung Food (hebei) Co ROC (Joel Greenblatt) % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Fortune Ng Fung Food (hebei) Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Fortune Ng Fung Food (hebei) Co's ROC (Joel Greenblatt) % falls into.
Fortune Ng Fung Food (hebei) 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 5.91% mean?
Fortune Ng Fung Food (hebei) Co (SHSE:600965) has a ROC (Joel Greenblatt) % of 5.91% 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 Fortune Ng Fung Food (hebei) Co and its competitors. This is 65% below median its historical median of 17.13. Over the past decade, Fortune Ng Fung Food (hebei) Co's ROC (Joel Greenblatt) % has ranged from 3.93 to 28.19. According to the industry distribution chart, Fortune Ng Fung Food (hebei) Co ranks #1383 out of 1980 companies in the Consumer Packaged Goods industry, placing it in the top 69.8%.
Is Fortune Ng Fung Food (hebei) Co's ROC (Joel Greenblatt) % too high?
Fortune Ng Fung Food (hebei) Co's current ROC (Joel Greenblatt) % of 5.91% is 65% below median its 10-year median of 17.13. Over the past 10 years, this metric has ranged from a low of 3.93 to a high of 28.19. The Consumer Packaged Goods industry median ROC (Joel Greenblatt) % is 12.05. Fortune Ng Fung Food (hebei) Co's value of 5.91% is 50.9% below this industry median. Based on the distribution chart, Fortune Ng Fung Food (hebei) Co ranks #1383 out of 1980 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Fortune Ng Fung Food (hebei) Co has a GF Score™ of 50/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Fortune Ng Fung Food (hebei) Co's ROC (Joel Greenblatt) % compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Fortune Ng Fung Food (hebei) Co ranks #1383 out of 1980 companies for ROC (Joel Greenblatt) %. This places Fortune Ng Fung Food (hebei) Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 12.05. Fortune Ng Fung Food (hebei) Co's value of 5.91% is 50.9% below this benchmark. Historically, Fortune Ng Fung Food (hebei) Co's own ROC (Joel Greenblatt) % has ranged from 3.93 to 28.19 over the past decade. While the company's 10-year median is 17.13 vs. the industry median of 12.05, Fortune Ng Fung Food (hebei) 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 a Consumer Packaged Goods company?
The median ROC (Joel Greenblatt) % among Consumer Packaged Goods companies is 12.05, based on 1,980 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. Fortune Ng Fung Food (hebei) Co's current ROC (Joel Greenblatt) % of 5.91% is 50.9% 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 Fortune Ng Fung Food (hebei) Co and its competitors. For the Consumer Packaged Goods industry, the median ROC (Joel Greenblatt) % is 12.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fortune Ng Fung Food (hebei) Co's current ROC (Joel Greenblatt) % is 5.91%, which is 65% below median its own 10-year median of 17.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortune Ng Fung Food (hebei) Co stock overvalued right now?
Based on GuruFocus' analysis, Fortune Ng Fung Food (hebei) Co (SHSE:600965) is currently considered Possible Value Trap. The stock's GF Value™ is ¥5.79, compared to a current price of ¥2.83 — trading 51.1% below its estimated fair value. The current ROC (Joel Greenblatt) % is 5.91%, which is 65% below median its 10-year median of 17.13 and 50.9% below the Consumer Packaged Goods industry median of 12.05. Fortune Ng Fung Food (hebei) Co's overall GF Score™ is 50/100 with 4 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 Fortune Ng Fung Food (hebei) Co (SHSE:600965), the current ROC (Joel Greenblatt) % is 5.91% 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 Fortune Ng Fung Food (hebei) Co (SHSE:600965) Overvalued in 2026?
Based on GuruFocus' analysis, Fortune Ng Fung Food (hebei) Co stock appears to be undervalued.
The current stock price of ¥2.83 is trading 51.1% below its estimated GF Value™ of ¥5.79.
GuruFocus considers Fortune Ng Fung Food (hebei) Co to be Possible Value Trap.
Key valuation signals for SHSE:600965:
ROC (Joel Greenblatt) %: 5.91% (65% below median its 10-year median of 17.13)
GF Value™: ¥5.79 vs. price of ¥2.83 (51.1% below fair value)
Industry Position: 50.9% below the Consumer Packaged Goods median (#1383 of 1980)
No single metric tells the full story. See the SHSE:600965 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fortune Ng Fung Food (hebei) Co Ltd is engaged in the cattle breeding and dairy farming businesses in China. It is primarily involved in beef cattle breeding, dairy farming, beef cattle slaughter and processing, milk production, food chain, feed production and organic fertilizer production. The company's main products are live cattle, beef, lamb, meat products, dairy cows, dairy products, fast food, hot pot chain and so on. Geographically the business activities are carried out through China.
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