Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
China Merchants Energy Shipping CoSHSE:601872 +3.45%65 ROC (Joel Greenblatt) % is 25.16% as of Mar. 2026, which is 135% above its 10-year median of 10.70. GuruFocus rates SHSE:601872 with a GF Score™ of 65/100 and a GF Value™ of ¥8.89 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,006 Oil & Gas companies, China Merchants Energy Shipping Co ranks better than 72.37% 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 Merchants Energy Shipping Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 25.16%.
The historical rank and industry rank for China Merchants Energy Shipping Co's ROC (Joel Greenblatt) % or its related term are showing as below:
SHSE:601872'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.35 Med: 10.7 Max: 19.33
Current: 19.33
During the past 13 years, China Merchants Energy Shipping Co's highest ROC (Joel Greenblatt) % was 19.33%. The lowest was 5.35%. And the median was 10.70%.
SHSE:601872's ROC (Joel Greenblatt) % is ranked better than 72.37% of 1006
companies
in the Oil & Gas industry
Industry Median: 8.87
vs SHSE:601872: 19.33
China Merchants Energy Shipping Co (SHSE:601872) 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 Merchants Energy Shipping Co ROC (Joel Greenblatt) % Chart
SHSE:601872 vs WMB, EPD, KMI: ROC (Joel Greenblatt) % Comparison
For the Oil & Gas Midstream subindustry, China Merchants Energy Shipping 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.
China Merchants Energy Shipping Co ROC (Joel Greenblatt) % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, China Merchants Energy Shipping Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where China Merchants Energy Shipping Co's ROC (Joel Greenblatt) % falls into.
China Merchants Energy Shipping 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 25.16% mean?
China Merchants Energy Shipping Co (SHSE:601872) has a ROC (Joel Greenblatt) % of 25.16% 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 Merchants Energy Shipping Co and its competitors. This is 135% above median its historical median of 10.70. Over the past decade, China Merchants Energy Shipping Co's ROC (Joel Greenblatt) % has ranged from 5.35 to 19.33. According to the industry distribution chart, China Merchants Energy Shipping Co ranks #278 out of 1006 companies in the Oil & Gas industry, placing it in the top 27.6%.
Is China Merchants Energy Shipping Co's ROC (Joel Greenblatt) % too high?
China Merchants Energy Shipping Co's current ROC (Joel Greenblatt) % of 25.16% is 135% above median its 10-year median of 10.70. Over the past 10 years, this metric has ranged from a low of 5.35 to a high of 19.33. The Oil & Gas industry median ROC (Joel Greenblatt) % is 8.87. China Merchants Energy Shipping Co's value of 25.16% is 183.7% above this industry median. Based on the distribution chart, China Merchants Energy Shipping Co ranks #278 out of 1006 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, China Merchants Energy Shipping Co has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does China Merchants Energy Shipping Co's ROC (Joel Greenblatt) % compare to WMB and EPD?
According to the Oil & Gas industry distribution chart, China Merchants Energy Shipping Co ranks #278 out of 1006 companies for ROC (Joel Greenblatt) %. This puts China Merchants Energy Shipping Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 8.87. China Merchants Energy Shipping Co's value of 25.16% is 183.7% above this benchmark. Historically, China Merchants Energy Shipping Co's own ROC (Joel Greenblatt) % has ranged from 5.35 to 19.33 over the past decade. While the company's 10-year median is 10.70 vs. the industry median of 8.87, China Merchants Energy Shipping Co 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 an Oil & Gas company?
The median ROC (Joel Greenblatt) % among Oil & Gas companies is 8.87, based on 1,006 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 Merchants Energy Shipping Co's current ROC (Joel Greenblatt) % of 25.16% is 183.7% 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 Merchants Energy Shipping Co and its competitors. For the Oil & Gas industry, the median ROC (Joel Greenblatt) % is 8.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Merchants Energy Shipping Co's current ROC (Joel Greenblatt) % is 25.16%, which is 135% above median its own 10-year median of 10.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Merchants Energy Shipping Co stock overvalued right now?
Based on GuruFocus' analysis, China Merchants Energy Shipping Co (SHSE:601872) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥8.89, compared to a current price of ¥18.60 — trading 109.2% above its estimated fair value. The current ROC (Joel Greenblatt) % is 25.16%, which is 135% above median its 10-year median of 10.70 and 183.7% above the Oil & Gas industry median of 8.87. China Merchants Energy Shipping Co's overall GF Score™ is 65/100 with 1 warning sign 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 Merchants Energy Shipping Co (SHSE:601872), the current ROC (Joel Greenblatt) % is 25.16% 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 Merchants Energy Shipping Co (SHSE:601872) Overvalued in 2026?
Based on GuruFocus' analysis, China Merchants Energy Shipping Co stock appears to be overvalued.
The current stock price of ¥18.60 is trading 109.2% above its estimated GF Value™ of ¥8.89.
GuruFocus considers China Merchants Energy Shipping Co to be Significantly Overvalued.
Key valuation signals for SHSE:601872:
ROC (Joel Greenblatt) %: 25.16% (135% above median its 10-year median of 10.70)
GF Value™: ¥8.89 vs. price of ¥18.60 (109.2% above fair value)
Industry Position: 183.7% above the Oil & Gas median (#278 of 1006)
No single metric tells the full story. See the SHSE:601872 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Merchants Energy Shipping Co Ltd is a China-based company that engages in tanker transportation, bulk cargo vessel transportation, and liquid natural gas (LNG) vessel transportation. It provides a full range of energy transportation services running a large diversity of vessels, including crude oil tankers, dry bulk carriers, and LNG carriers. It provides services to customers from China, Japan, Korea, Southeast Asia, the United States, and other countries.
65GF Score
Get the complete analysis for SHSE:601872
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SHSE:601872 has been successfully added to your 
