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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. China State Construction Engineering's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 159.27%.
The historical rank and industry rank for China State Construction Engineering's ROC (Joel Greenblatt) % or its related term are showing as below:
SHSE:601668'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 100.53 Med: 184.23 Max: 222.5
Current: 136.7
During the past 13 years, China State Construction Engineering's highest ROC (Joel Greenblatt) % was 222.50%. The lowest was 100.53%. And the median was 184.23%.
SHSE:601668's ROC (Joel Greenblatt) % is ranked better than 90.51% of 1780
companies
in the Construction industry
Industry Median: 19.86
vs SHSE:601668: 136.70
China State Construction Engineering (SHSE:601668) 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.
China State Construction Engineering ROC (Joel Greenblatt) % Chart
SHSE:601668 vs PWR, FIX, EME: ROC (Joel Greenblatt) % Comparison
For the Engineering & Construction subindustry, China State Construction Engineering'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.
China State Construction Engineering ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, China State Construction Engineering's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where China State Construction Engineering's ROC (Joel Greenblatt) % falls into.
China State Construction Engineering 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 159.27% mean?
China State Construction Engineering (SHSE:601668) has a ROC (Joel Greenblatt) % of 159.27% 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 China State Construction Engineering and its competitors. This is 14% below median its historical median of 184.23. Over the past decade, China State Construction Engineering's ROC (Joel Greenblatt) % has ranged from 100.53 to 222.50. According to the industry distribution chart, China State Construction Engineering ranks #169 out of 1780 companies in the Construction industry, placing it in the top 9.5%.
Is China State Construction Engineering's ROC (Joel Greenblatt) % too high?
China State Construction Engineering's current ROC (Joel Greenblatt) % of 159.27% is 14% below median its 10-year median of 184.23. Over the past 10 years, this metric has ranged from a low of 100.53 to a high of 222.50. The Construction industry median ROC (Joel Greenblatt) % is 19.86. China State Construction Engineering's value of 159.27% is 702% above this industry median. Based on the distribution chart, China State Construction Engineering ranks #169 out of 1780 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, China State Construction Engineering has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China State Construction Engineering's ROC (Joel Greenblatt) % compare to PWR and FIX?
According to the Construction industry distribution chart, China State Construction Engineering ranks #169 out of 1780 companies for ROC (Joel Greenblatt) %. This places China State Construction Engineering in the top 10% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 19.86. China State Construction Engineering's value of 159.27% is 702% above this benchmark. Historically, China State Construction Engineering's own ROC (Joel Greenblatt) % has ranged from 100.53 to 222.50 over the past decade. While the company's 10-year median is 184.23 vs. the industry median of 19.86, China State Construction Engineering 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 Construction company?
The median ROC (Joel Greenblatt) % among Construction companies is 19.86, based on 1,780 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. China State Construction Engineering's current ROC (Joel Greenblatt) % of 159.27% is 702% 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 China State Construction Engineering and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China State Construction Engineering's current ROC (Joel Greenblatt) % is 159.27%, which is 14% below median its own 10-year median of 184.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China State Construction Engineering stock overvalued right now?
Based on GuruFocus' analysis, China State Construction Engineering (SHSE:601668) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥5.26, compared to a current price of ¥4.70 — trading 10.6% below its estimated fair value. The current ROC (Joel Greenblatt) % is 159.27%, which is 14% below median its 10-year median of 184.23 and 702% above the Construction industry median of 19.86. China State Construction Engineering's overall GF Score™ is 58/100 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 China State Construction Engineering (SHSE:601668), the current ROC (Joel Greenblatt) % is 159.27% 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 China State Construction Engineering (SHSE:601668) Overvalued in 2026?
Based on GuruFocus' analysis, China State Construction Engineering stock appears to be undervalued.
The current stock price of ¥4.70 is trading 10.6% below its estimated GF Value™ of ¥5.26.
GuruFocus considers China State Construction Engineering to be Modestly Undervalued.
Key valuation signals for SHSE:601668:
ROC (Joel Greenblatt) %: 159.27% (14% below median its 10-year median of 184.23)
GF Value™: ¥5.26 vs. price of ¥4.70 (10.6% below fair value)
Industry Position: 702% above the Construction median (#169 of 1780)
No single metric tells the full story. See the SHSE:601668 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China State Construction Engineering Corp Ltd is a construction and real estate conglomerate. The company conducts its operations through five segments: Housing Construction segment, Infrastructure Construction and Investment segment, Real Estate Development and Investment segment, Design & Survey segment, and Others segment. It derives the majority of its revenue from the Housing Construction segment. The company's services include product technology research and development, survey and design, real estate development, engineering contracting, equipment manufacturing, asset operation, and property management.
58GF Score
Get the complete analysis for SHSE:601668
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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