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China Energy EngineeringSHSE:601868 +0.81%69 ROC (Joel Greenblatt) % is 19.61% as of Dec. 2025, which is 42% below its 10-year median of 33.75. GuruFocus rates SHSE:601868 with a GF Score™ of 69/100 and a GF Value™ of ¥2.82 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,787 Construction companies, China Energy Engineering ranks worse than 68.77% 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. China Energy Engineering's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 19.61%.
The historical rank and industry rank for China Energy Engineering's ROC (Joel Greenblatt) % or its related term are showing as below:
SHSE:601868'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 7.82 Med: 33.75 Max: 37.98
Current: 7.82
During the past 12 years, China Energy Engineering's highest ROC (Joel Greenblatt) % was 37.98%. The lowest was 7.82%. And the median was 33.75%.
SHSE:601868's ROC (Joel Greenblatt) % is ranked worse than 68.77% of 1787
companies
in the Construction industry
Industry Median: 19.65
vs SHSE:601868: 7.82
China Energy Engineering's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -16.10% per year.
China Energy Engineering (SHSE:601868) 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.
China Energy Engineering ROC (Joel Greenblatt) % Related Terms
China Energy Engineering ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for China Energy Engineering'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.
China Energy Engineering ROC (Joel Greenblatt) % Chart
SHSE:601868 vs PWR, FIX, EME: ROC (Joel Greenblatt) % Comparison
For the Engineering & Construction subindustry, China Energy 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 Energy Engineering ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, China Energy Engineering's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where China Energy Engineering's ROC (Joel Greenblatt) % falls into.
China Energy 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 (Dec. 2025) 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 19.61% mean?
China Energy Engineering (SHSE:601868) has a ROC (Joel Greenblatt) % of 19.61% as of Dec. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on China Energy Engineering and its competitors. This is 42% below median its historical median of 33.75. Over the past decade, China Energy Engineering's ROC (Joel Greenblatt) % has ranged from 7.82 to 37.98. According to the industry distribution chart, China Energy Engineering ranks #1229 out of 1787 companies in the Construction industry, placing it in the top 68.8%.
Is China Energy Engineering's ROC (Joel Greenblatt) % too high?
China Energy Engineering's current ROC (Joel Greenblatt) % of 19.61% is 42% below median its 10-year median of 33.75. Over the past 10 years, this metric has ranged from a low of 7.82 to a high of 37.98. The Construction industry median ROC (Joel Greenblatt) % is 19.65. China Energy Engineering's value of 19.61% is 0.2% below this industry median. Based on the distribution chart, China Energy Engineering ranks #1229 out of 1787 companies in the Construction industry, which is below the industry midpoint. Overall, China Energy Engineering has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Energy Engineering's ROC (Joel Greenblatt) % compare to PWR and FIX?
According to the Construction industry distribution chart, China Energy Engineering ranks #1229 out of 1787 companies for ROC (Joel Greenblatt) %. This places China Energy Engineering in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 19.65. China Energy Engineering's value of 19.61% is 0.2% below this benchmark. Historically, China Energy Engineering's own ROC (Joel Greenblatt) % has ranged from 7.82 to 37.98 over the past decade. While the company's 10-year median is 33.75 vs. the industry median of 19.65, China Energy Engineering 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 Construction company?
The median ROC (Joel Greenblatt) % among Construction companies is 19.65, based on 1,787 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 Energy Engineering's current ROC (Joel Greenblatt) % of 19.61% is 0.2% 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 China Energy Engineering and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Energy Engineering's current ROC (Joel Greenblatt) % is 19.61%, which is 42% below median its own 10-year median of 33.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Energy Engineering stock overvalued right now?
Based on GuruFocus' analysis, China Energy Engineering (SHSE:601868) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥2.82, compared to a current price of ¥2.50 — trading 11.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is 19.61%, which is 42% below median its 10-year median of 33.75 and 0.2% below the Construction industry median of 19.65. China Energy Engineering's overall GF Score™ is 69/100 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 Energy Engineering (SHSE:601868), the current ROC (Joel Greenblatt) % is 19.61% as of Dec. 2025. 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 Energy Engineering (SHSE:601868) Overvalued in 2026?
Based on GuruFocus' analysis, China Energy Engineering stock appears to be undervalued.
The current stock price of ¥2.50 is trading 11.3% below its estimated GF Value™ of ¥2.82.
GuruFocus considers China Energy Engineering to be Modestly Undervalued.
Key valuation signals for SHSE:601868:
ROC (Joel Greenblatt) %: 19.61% (42% below median its 10-year median of 33.75)
GF Value™: ¥2.82 vs. price of ¥2.50 (11.3% below fair value)
Industry Position: 0.2% below the Construction median (#1229 of 1787)
No single metric tells the full story. See the SHSE:601868 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Energy Engineering Corporation Ltd focused on two core main businesses of energy power and water conservancy, coordinately expanded nine related diversified businesses of green transportation, green buildings and municipal administration, digital infrastructure (artificial intelligence), new materials, civil explosives, ecological and environmental protection, highend equipment, urban development and operation (real estate), and industrial finance, comprehensively constructed a new coordinated development layout of 2+9 businesses, formed five business sectors of survey, design and consulting services, construction and contracting, industrial manufacturing, investment and operation, and others, and has the integrated service capabilities covering the whole industry chain.
69GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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