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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. MEGA P and C Advanced Materials (Shanghai) Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 21.80%.
SHSE:603062's ROC (Joel Greenblatt) % is ranked better than 86.18% of 1614
companies
in the Chemicals industry
Industry Median: 10.59
vs SHSE:603062: 30.94
MEGA P and C Advanced Materials (Shanghai) Co (SHSE:603062) 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.
MEGA P and C Advanced Materials (Shanghai) Co ROC (Joel Greenblatt) % Chart
MEGA P and C Advanced Materials (Shanghai) Co Annual Data
SHSE:603062 vs LIN, SHW, ECL: ROC (Joel Greenblatt) % Comparison
For the Specialty Chemicals subindustry, MEGA P and C Advanced Materials (Shanghai) 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.
MEGA P and C Advanced Materials (Shanghai) Co ROC (Joel Greenblatt) % vs Chemicals Industry
MEGA P and C Advanced Materials (Shanghai) 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 21.80% mean?
MEGA P and C Advanced Materials (Shanghai) Co (SHSE:603062) has a ROC (Joel Greenblatt) % of 21.80% 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 MEGA P and C Advanced Materials (Shanghai) Co and its competitors. This is 67% below median its historical median of 66.02. Over the past decade, MEGA P and C Advanced Materials (Shanghai) Co's ROC (Joel Greenblatt) % has ranged from 30.94 to 189.10. According to the industry distribution chart, MEGA P and C Advanced Materials (Shanghai) Co ranks #223 out of 1614 companies in the Chemicals industry, placing it in the top 13.8%.
Is MEGA P and C Advanced Materials (Shanghai) Co's ROC (Joel Greenblatt) % too high?
MEGA P and C Advanced Materials (Shanghai) Co's current ROC (Joel Greenblatt) % of 21.80% is 67% below median its 10-year median of 66.02. Over the past 10 years, this metric has ranged from a low of 30.94 to a high of 189.10. The Chemicals industry median ROC (Joel Greenblatt) % is 10.59. MEGA P and C Advanced Materials (Shanghai) Co's value of 21.80% is 105.9% above this industry median. Based on the distribution chart, MEGA P and C Advanced Materials (Shanghai) Co ranks #223 out of 1614 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, MEGA P and C Advanced Materials (Shanghai) 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 MEGA P and C Advanced Materials (Shanghai) Co's ROC (Joel Greenblatt) % compare to LIN and SHW?
According to the Chemicals industry distribution chart, MEGA P and C Advanced Materials (Shanghai) Co ranks #223 out of 1614 companies for ROC (Joel Greenblatt) %. This places MEGA P and C Advanced Materials (Shanghai) Co in the top 14% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 10.59. MEGA P and C Advanced Materials (Shanghai) Co's value of 21.80% is 105.9% above this benchmark. Historically, MEGA P and C Advanced Materials (Shanghai) Co's own ROC (Joel Greenblatt) % has ranged from 30.94 to 189.10 over the past decade. While the company's 10-year median is 66.02 vs. the industry median of 10.59, MEGA P and C Advanced Materials (Shanghai) 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 a Chemicals company?
The median ROC (Joel Greenblatt) % among Chemicals companies is 10.59, based on 1,614 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. MEGA P and C Advanced Materials (Shanghai) Co's current ROC (Joel Greenblatt) % of 21.80% is 105.9% 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 MEGA P and C Advanced Materials (Shanghai) Co and its competitors. For the Chemicals industry, the median ROC (Joel Greenblatt) % is 10.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MEGA P and C Advanced Materials (Shanghai) Co's current ROC (Joel Greenblatt) % is 21.80%, which is 67% below median its own 10-year median of 66.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MEGA P and C Advanced Materials (Shanghai) Co stock overvalued right now?
Based on GuruFocus' analysis, MEGA P and C Advanced Materials (Shanghai) Co (SHSE:603062) is currently considered Fairly Valued. The stock's GF Value™ is ¥39.60, compared to a current price of ¥37.40 — trading 5.6% below its estimated fair value. The current ROC (Joel Greenblatt) % is 21.80%, which is 67% below median its 10-year median of 66.02 and 105.9% above the Chemicals industry median of 10.59. MEGA P and C Advanced Materials (Shanghai) Co's overall GF Score™ is 65/100 with 6 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 MEGA P and C Advanced Materials (Shanghai) Co (SHSE:603062), the current ROC (Joel Greenblatt) % is 21.80% 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 MEGA P and C Advanced Materials (Shanghai) Co (SHSE:603062) Overvalued in 2026?
Based on GuruFocus' analysis, MEGA P and C Advanced Materials (Shanghai) Co stock appears to be undervalued.
The current stock price of ¥37.40 is trading 5.6% below its estimated GF Value™ of ¥39.60.
GuruFocus considers MEGA P and C Advanced Materials (Shanghai) Co to be Fairly Valued.
Key valuation signals for SHSE:603062:
ROC (Joel Greenblatt) %: 21.80% (67% below median its 10-year median of 66.02)
GF Value™: ¥39.60 vs. price of ¥37.40 (5.6% below fair value)
Industry Position: 105.9% above the Chemicals median (#223 of 1614)
No single metric tells the full story. See the SHSE:603062 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MEGA P and C Advanced Materials (Shanghai) Co Ltd is engaged in research & development, production and sales of high-performance multi-category coating products.
65GF Score
Get the complete analysis for SHSE:603062
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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