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HangZhou Nbond Nonwovens CoSHSE:603238 +1.39%65 ROC (Joel Greenblatt) % is 2.38% as of Jun. 2026, which is 84% below its 10-year median of 14.86. GuruFocus rates SHSE:603238 with a GF Score™ of 65/100 and a GF Value™ of ¥20.40 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 1,065 Manufacturing - Apparel & Accessories companies, HangZhou Nbond Nonwovens Co ranks better than 55.02% 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. HangZhou Nbond Nonwovens Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 2.38%.
The historical rank and industry rank for HangZhou Nbond Nonwovens Co's ROC (Joel Greenblatt) % or its related term are showing as below:
SHSE:603238'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.81 Med: 14.86 Max: 52.92
Current: 10.85
During the past 13 years, HangZhou Nbond Nonwovens Co's highest ROC (Joel Greenblatt) % was 52.92%. The lowest was 4.81%. And the median was 14.86%.
SHSE:603238's ROC (Joel Greenblatt) % is ranked better than 55.02% of 1065
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 9.11
vs SHSE:603238: 10.85
HangZhou Nbond Nonwovens Co (SHSE:603238) 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.
HangZhou Nbond Nonwovens Co ROC (Joel Greenblatt) % Chart
HangZhou Nbond Nonwovens Co ROC (Joel Greenblatt) % Competitor Comparison
For the Textile Manufacturing subindustry, HangZhou Nbond Nonwovens 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.
HangZhou Nbond Nonwovens Co ROC (Joel Greenblatt) % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, HangZhou Nbond Nonwovens Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where HangZhou Nbond Nonwovens Co's ROC (Joel Greenblatt) % falls into.
HangZhou Nbond Nonwovens 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 2.38% mean?
HangZhou Nbond Nonwovens Co (SHSE:603238) has a ROC (Joel Greenblatt) % of 2.38% 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 HangZhou Nbond Nonwovens Co and its competitors. This is 84% below median its historical median of 14.86. Over the past decade, HangZhou Nbond Nonwovens Co's ROC (Joel Greenblatt) % has ranged from 4.81 to 52.92. According to the industry distribution chart, HangZhou Nbond Nonwovens Co ranks #479 out of 1065 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 45%.
Is HangZhou Nbond Nonwovens Co's ROC (Joel Greenblatt) % too high?
HangZhou Nbond Nonwovens Co's current ROC (Joel Greenblatt) % of 2.38% is 84% below median its 10-year median of 14.86. Over the past 10 years, this metric has ranged from a low of 4.81 to a high of 52.92. The Manufacturing - Apparel & Accessories industry median ROC (Joel Greenblatt) % is 9.11. HangZhou Nbond Nonwovens Co's value of 2.38% is 73.9% below this industry median. Based on the distribution chart, HangZhou Nbond Nonwovens Co ranks #479 out of 1065 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, HangZhou Nbond Nonwovens Co has a GF Score™ of 65/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does HangZhou Nbond Nonwovens Co's ROC (Joel Greenblatt) % compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, HangZhou Nbond Nonwovens Co ranks #479 out of 1065 companies for ROC (Joel Greenblatt) %. This puts HangZhou Nbond Nonwovens Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 9.11. HangZhou Nbond Nonwovens Co's value of 2.38% is 73.9% below this benchmark. Historically, HangZhou Nbond Nonwovens Co's own ROC (Joel Greenblatt) % has ranged from 4.81 to 52.92 over the past decade. While the company's 10-year median is 14.86 vs. the industry median of 9.11, HangZhou Nbond Nonwovens Co 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 Manufacturing - Apparel & Accessories company?
The median ROC (Joel Greenblatt) % among Manufacturing - Apparel & Accessories companies is 9.11, based on 1,065 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. HangZhou Nbond Nonwovens Co's current ROC (Joel Greenblatt) % of 2.38% is 73.9% 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 HangZhou Nbond Nonwovens Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median ROC (Joel Greenblatt) % is 9.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HangZhou Nbond Nonwovens Co's current ROC (Joel Greenblatt) % is 2.38%, which is 84% below median its own 10-year median of 14.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HangZhou Nbond Nonwovens Co stock overvalued right now?
Based on GuruFocus' analysis, HangZhou Nbond Nonwovens Co (SHSE:603238) is currently considered Significantly Undervalued. The stock's GF Value™ is ¥20.40, compared to a current price of ¥12.44 — trading 39% below its estimated fair value. The current ROC (Joel Greenblatt) % is 2.38%, which is 84% below median its 10-year median of 14.86 and 73.9% below the Manufacturing - Apparel & Accessories industry median of 9.11. HangZhou Nbond Nonwovens Co's overall GF Score™ is 65/100 with 5 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 HangZhou Nbond Nonwovens Co (SHSE:603238), the current ROC (Joel Greenblatt) % is 2.38% 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 HangZhou Nbond Nonwovens Co (SHSE:603238) Overvalued in 2026?
Based on GuruFocus' analysis, HangZhou Nbond Nonwovens Co stock appears to be undervalued.
The current stock price of ¥12.44 is trading 39% below its estimated GF Value™ of ¥20.40.
GuruFocus considers HangZhou Nbond Nonwovens Co to be Significantly Undervalued.
Key valuation signals for SHSE:603238:
ROC (Joel Greenblatt) %: 2.38% (84% below median its 10-year median of 14.86)
GF Value™: ¥20.40 vs. price of ¥12.44 (39% below fair value)
Industry Position: 73.9% below the Manufacturing - Apparel & Accessories median (#479 of 1065)
No single metric tells the full story. See the SHSE:603238 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HangZhou Nbond Nonwovens Co Ltd is a China-based company engages in the production and sale of non-woven fabrics. The Company is a company specializing in the research and development, production and sales of differentiated and personalized spunlace nonwoven materials and their products. The spunlace nonwoven materials produced by the Company are mainly used in four product areas: beauty care, industrial materials, civil cleaning, and medical materials. The Company's products are divided into two categories: spunlace nonwoven materials and spunlace nonwoven material products.
65GF 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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