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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. Wuxi Hongsheng Heat Exchanger Manufacturing Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 13.15%.
SHSE:603090's ROC (Joel Greenblatt) % is ranked better than 60.89% of 3076
companies
in the Industrial Products industry
Industry Median: 12.005
vs SHSE:603090: 17.78
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.
SHSE:603090 vs GEV, ETN, PH: ROC (Joel Greenblatt) % Comparison
For the Specialty Industrial Machinery subindustry, Wuxi Hongsheng Heat Exchanger Manufacturing 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.
Wuxi Hongsheng Heat Exchanger Manufacturing Co ROC (Joel Greenblatt) % vs Industrial Products Industry
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 13.15% mean?
Wuxi Hongsheng Heat Exchanger Manufacturing Co (SHSE:603090) has a ROC (Joel Greenblatt) % of 13.15% 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 Wuxi Hongsheng Heat Exchanger Manufacturing Co and its competitors. This is 18% below median its historical median of 16.10. Over the past decade, Wuxi Hongsheng Heat Exchanger Manufacturing Co's ROC (Joel Greenblatt) % has ranged from 4.22 to 24.65. According to the industry distribution chart, Wuxi Hongsheng Heat Exchanger Manufacturing Co ranks #1203 out of 3076 companies in the Industrial Products industry, placing it in the top 39.1%.
Is Wuxi Hongsheng Heat Exchanger Manufacturing Co's ROC (Joel Greenblatt) % too high?
Wuxi Hongsheng Heat Exchanger Manufacturing Co's current ROC (Joel Greenblatt) % of 13.15% is 18% below median its 10-year median of 16.10. Over the past 10 years, this metric has ranged from a low of 4.22 to a high of 24.65. The Industrial Products industry median ROC (Joel Greenblatt) % is 12.01. Wuxi Hongsheng Heat Exchanger Manufacturing Co's value of 13.15% is 9.5% above this industry median. Based on the distribution chart, Wuxi Hongsheng Heat Exchanger Manufacturing Co ranks #1203 out of 3076 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Wuxi Hongsheng Heat Exchanger Manufacturing Co has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Wuxi Hongsheng Heat Exchanger Manufacturing Co's ROC (Joel Greenblatt) % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Wuxi Hongsheng Heat Exchanger Manufacturing Co ranks #1203 out of 3076 companies for ROC (Joel Greenblatt) %. This puts Wuxi Hongsheng Heat Exchanger Manufacturing Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 12.01. Wuxi Hongsheng Heat Exchanger Manufacturing Co's value of 13.15% is 9.5% above this benchmark. Historically, Wuxi Hongsheng Heat Exchanger Manufacturing Co's own ROC (Joel Greenblatt) % has ranged from 4.22 to 24.65 over the past decade. While the company's 10-year median is 16.10 vs. the industry median of 12.01, Wuxi Hongsheng Heat Exchanger Manufacturing 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 Industrial Products company?
The median ROC (Joel Greenblatt) % among Industrial Products companies is 12.01, based on 3,076 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. Wuxi Hongsheng Heat Exchanger Manufacturing Co's current ROC (Joel Greenblatt) % of 13.15% is 9.5% 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 Wuxi Hongsheng Heat Exchanger Manufacturing Co and its competitors. For the Industrial Products industry, the median ROC (Joel Greenblatt) % is 12.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wuxi Hongsheng Heat Exchanger Manufacturing Co's current ROC (Joel Greenblatt) % is 13.15%, which is 18% below median its own 10-year median of 16.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wuxi Hongsheng Heat Exchanger Manufacturing Co stock overvalued right now?
Based on GuruFocus' analysis, Wuxi Hongsheng Heat Exchanger Manufacturing Co (SHSE:603090) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥29.55, compared to a current price of ¥44.35 — trading 50.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 13.15%, which is 18% below median its 10-year median of 16.10 and 9.5% above the Industrial Products industry median of 12.01. Wuxi Hongsheng Heat Exchanger Manufacturing Co's overall GF Score™ is 85/100 with 2 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 Wuxi Hongsheng Heat Exchanger Manufacturing Co (SHSE:603090), the current ROC (Joel Greenblatt) % is 13.15% 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 Wuxi Hongsheng Heat Exchanger Manufacturing Co (SHSE:603090) Overvalued in 2026?
Based on GuruFocus' analysis, Wuxi Hongsheng Heat Exchanger Manufacturing Co stock appears to be overvalued.
The current stock price of ¥44.35 is trading 50.1% above its estimated GF Value™ of ¥29.55.
GuruFocus considers Wuxi Hongsheng Heat Exchanger Manufacturing Co to be Significantly Overvalued.
Key valuation signals for SHSE:603090:
ROC (Joel Greenblatt) %: 13.15% (18% below median its 10-year median of 16.10)
GF Value™: ¥29.55 vs. price of ¥44.35 (50.1% above fair value)
Industry Position: 9.5% above the Industrial Products median (#1203 of 3076)
No single metric tells the full story. See the SHSE:603090 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Wuxi Hongsheng Heat Exchanger Manufacturing Co Ltd is engaged in manufacturing aluminum brazed heat exchangers using both vacuum brazing and Noclock technology for the industrial equipment and automotive parts.
85GF Score
Get the complete analysis for SHSE:603090
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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