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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. Shandong Bohui Paper Industrial Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 2.36%.
The historical rank and industry rank for Shandong Bohui Paper Industrial Co's ROC (Joel Greenblatt) % or its related term are showing as below:
SHSE:600966'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.46 Med: 6.88 Max: 25.09
Current: 3.46
During the past 13 years, Shandong Bohui Paper Industrial Co's highest ROC (Joel Greenblatt) % was 25.09%. The lowest was 3.46%. And the median was 6.88%.
SHSE:600966's ROC (Joel Greenblatt) % is ranked worse than 54.58% of 284
companies
in the Forest Products industry
Industry Median: 4.925
vs SHSE:600966: 3.46
Shandong Bohui Paper Industrial Co (SHSE:600966) 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.
Shandong Bohui Paper Industrial Co ROC (Joel Greenblatt) % Chart
Shandong Bohui Paper Industrial Co ROC (Joel Greenblatt) % Competitor Comparison
For the Paper & Paper Products subindustry, Shandong Bohui Paper Industrial 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.
Shandong Bohui Paper Industrial Co ROC (Joel Greenblatt) % vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Shandong Bohui Paper Industrial Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Shandong Bohui Paper Industrial Co's ROC (Joel Greenblatt) % falls into.
Shandong Bohui Paper Industrial 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 (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 2.36% mean?
Shandong Bohui Paper Industrial Co (SHSE:600966) has a ROC (Joel Greenblatt) % of 2.36% 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 Shandong Bohui Paper Industrial Co and its competitors. This is 66% below median its historical median of 6.88. Over the past decade, Shandong Bohui Paper Industrial Co's ROC (Joel Greenblatt) % has ranged from 3.46 to 25.09. According to the industry distribution chart, Shandong Bohui Paper Industrial Co ranks #155 out of 284 companies in the Forest Products industry, placing it in the top 54.6%.
Is Shandong Bohui Paper Industrial Co's ROC (Joel Greenblatt) % too high?
Shandong Bohui Paper Industrial Co's current ROC (Joel Greenblatt) % of 2.36% is 66% below median its 10-year median of 6.88. Over the past 10 years, this metric has ranged from a low of 3.46 to a high of 25.09. The Forest Products industry median ROC (Joel Greenblatt) % is 4.93. Shandong Bohui Paper Industrial Co's value of 2.36% is 52.1% below this industry median. Based on the distribution chart, Shandong Bohui Paper Industrial Co ranks #155 out of 284 companies in the Forest Products industry, which is below the industry midpoint. Overall, Shandong Bohui Paper Industrial Co has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shandong Bohui Paper Industrial Co's ROC (Joel Greenblatt) % compare to competitors?
According to the Forest Products industry distribution chart, Shandong Bohui Paper Industrial Co ranks #155 out of 284 companies for ROC (Joel Greenblatt) %. This places Shandong Bohui Paper Industrial Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 4.93. Shandong Bohui Paper Industrial Co's value of 2.36% is 52.1% below this benchmark. Historically, Shandong Bohui Paper Industrial Co's own ROC (Joel Greenblatt) % has ranged from 3.46 to 25.09 over the past decade. While the company's 10-year median is 6.88 vs. the industry median of 4.93, Shandong Bohui Paper Industrial 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 Forest Products company?
The median ROC (Joel Greenblatt) % among Forest Products companies is 4.93, based on 284 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. Shandong Bohui Paper Industrial Co's current ROC (Joel Greenblatt) % of 2.36% is 52.1% 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 Shandong Bohui Paper Industrial Co and its competitors. For the Forest Products industry, the median ROC (Joel Greenblatt) % is 4.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shandong Bohui Paper Industrial Co's current ROC (Joel Greenblatt) % is 2.36%, which is 66% below median its own 10-year median of 6.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shandong Bohui Paper Industrial Co stock overvalued right now?
Based on GuruFocus' analysis, Shandong Bohui Paper Industrial Co (SHSE:600966) is currently considered Fairly Valued. The stock's GF Value™ is ¥5.14, compared to a current price of ¥4.74 — trading 7.8% below its estimated fair value. The current ROC (Joel Greenblatt) % is 2.36%, which is 66% below median its 10-year median of 6.88 and 52.1% below the Forest Products industry median of 4.93. Shandong Bohui Paper Industrial Co's overall GF Score™ is 65/100 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 Shandong Bohui Paper Industrial Co (SHSE:600966), the current ROC (Joel Greenblatt) % is 2.36% 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 Shandong Bohui Paper Industrial Co (SHSE:600966) Overvalued in 2026?
Based on GuruFocus' analysis, Shandong Bohui Paper Industrial Co stock appears to be undervalued.
The current stock price of ¥4.74 is trading 7.8% below its estimated GF Value™ of ¥5.14.
GuruFocus considers Shandong Bohui Paper Industrial Co to be Fairly Valued.
Key valuation signals for SHSE:600966:
ROC (Joel Greenblatt) %: 2.36% (66% below median its 10-year median of 6.88)
GF Value™: ¥5.14 vs. price of ¥4.74 (7.8% below fair value)
Industry Position: 52.1% below the Forest Products median (#155 of 284)
No single metric tells the full story. See the SHSE:600966 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shandong Bohui Paper Industrial Co Ltd is a China-based company produces and sells paper products. It offers products such as pulp, folding boxboard, printing and writing paper, test liner boards, gypsum boards, and kraftliner boards.
65GF Score
Get the complete analysis for SHSE:600966
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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