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Ningbo Boway Alloy Material CoSHSE:601137 +4.24%83 ROC (Joel Greenblatt) % is 3.09% as of Mar. 2026, which is 71% below its 10-year median of 10.60. GuruFocus rates SHSE:601137 with a GF Score™ of 83/100 and a GF Value™ of ¥19.04 (Fairly Valued). The stock has 7 warning signs investors should review. Among 2,505 Metals & Mining companies, Ningbo Boway Alloy Material Co ranks better than 74.65% 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 Boway Alloy Material Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 3.09%.
The historical rank and industry rank for Ningbo Boway Alloy Material Co's ROC (Joel Greenblatt) % or its related term are showing as below:
SHSE:601137'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.63 Med: 10.6 Max: 18.15
Current: 0.63
During the past 13 years, Ningbo Boway Alloy Material Co's highest ROC (Joel Greenblatt) % was 18.15%. The lowest was 0.63%. And the median was 10.60%.
SHSE:601137's ROC (Joel Greenblatt) % is ranked better than 74.65% of 2505
companies
in the Metals & Mining industry
Industry Median: -22.09
vs SHSE:601137: 0.63
Ningbo Boway Alloy Material Co (SHSE:601137) 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.
Ningbo Boway Alloy Material Co ROC (Joel Greenblatt) % Chart
SHSE:601137 vs SCCO, FCX: ROC (Joel Greenblatt) % Comparison
For the Copper subindustry, Ningbo Boway Alloy Material 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 Boway Alloy Material Co ROC (Joel Greenblatt) % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Ningbo Boway Alloy Material Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Ningbo Boway Alloy Material Co's ROC (Joel Greenblatt) % falls into.
Ningbo Boway Alloy Material 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 3.09% mean?
Ningbo Boway Alloy Material Co (SHSE:601137) has a ROC (Joel Greenblatt) % of 3.09% 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 Boway Alloy Material Co and its competitors. This is 71% below median its historical median of 10.60. Over the past decade, Ningbo Boway Alloy Material Co's ROC (Joel Greenblatt) % has ranged from 0.63 to 18.15. According to the industry distribution chart, Ningbo Boway Alloy Material Co ranks #635 out of 2505 companies in the Metals & Mining industry, placing it in the top 25.3%.
Is Ningbo Boway Alloy Material Co's ROC (Joel Greenblatt) % too high?
Ningbo Boway Alloy Material Co's current ROC (Joel Greenblatt) % of 3.09% is 71% below median its 10-year median of 10.60. Over the past 10 years, this metric has ranged from a low of 0.63 to a high of 18.15. Based on the distribution chart, Ningbo Boway Alloy Material Co ranks #635 out of 2505 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Ningbo Boway Alloy Material Co has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ningbo Boway Alloy Material Co's ROC (Joel Greenblatt) % compare to SCCO and FCX?
According to the Metals & Mining industry distribution chart, Ningbo Boway Alloy Material Co ranks #635 out of 2505 companies for ROC (Joel Greenblatt) %. This puts Ningbo Boway Alloy Material Co in the upper half of its industry. Historically, Ningbo Boway Alloy Material Co's own ROC (Joel Greenblatt) % has ranged from 0.63 to 18.15 over the past decade. 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 Metals & Mining company?
A good ROC (Joel Greenblatt) % depends on the Metals & Mining industry context. 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 Ningbo Boway Alloy Material Co and its competitors. Ningbo Boway Alloy Material Co's current ROC (Joel Greenblatt) % is 3.09%, which is 71% below median its own 10-year median of 10.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Boway Alloy Material Co stock overvalued right now?
Based on GuruFocus' analysis, Ningbo Boway Alloy Material Co (SHSE:601137) is currently considered Fairly Valued. The stock's GF Value™ is ¥19.04, compared to a current price of ¥19.18 — trading 0.7% above its estimated fair value. The current ROC (Joel Greenblatt) % is 3.09%, which is 71% below median its 10-year median of 10.60. Ningbo Boway Alloy Material Co's overall GF Score™ is 83/100 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 Boway Alloy Material Co (SHSE:601137), the current ROC (Joel Greenblatt) % is 3.09% 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 Boway Alloy Material Co (SHSE:601137) Overvalued in 2026?
Based on GuruFocus' analysis, Ningbo Boway Alloy Material Co stock appears to be overvalued.
The current stock price of ¥19.18 is trading 0.7% above its estimated GF Value™ of ¥19.04.
GuruFocus considers Ningbo Boway Alloy Material Co to be Fairly Valued.
Key valuation signals for SHSE:601137:
ROC (Joel Greenblatt) %: 3.09% (71% below median its 10-year median of 10.60)
GF Value™: ¥19.04 vs. price of ¥19.18 (0.7% above fair value)
No single metric tells the full story. See the SHSE:601137 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ningbo Boway Alloy Material Co Ltd is engaged in researching, developing, producing and selling non-ferrous alloy materials in China and internationally. It offers environmental, high conductivity, special, bronze, nickel-silver, and brass alloy materials, as well as copper alloys; and high precision copper alloy strips. The company also offers copper-titanium-zirconium- zinc alloy materials; and energy products, such as monocrystalline black components, polycrystalline, and solar modules.
83GF Score
Get the complete analysis for SHSE:601137
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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