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Jiangsu United Water Technology CoSHSE:603291 +1.56%67 ROC (Joel Greenblatt) % is 16.28% as of Mar. 2026, which is 56% below its 10-year median of 36.97. GuruFocus rates SHSE:603291 with a GF Score™ of 67/100 and a GF Value™ of ¥10.93 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 503 Utilities - Regulated companies, Jiangsu United Water Technology Co ranks better than 73.16% 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. Jiangsu United Water Technology Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 16.28%.
The historical rank and industry rank for Jiangsu United Water Technology Co's ROC (Joel Greenblatt) % or its related term are showing as below:
SHSE:603291'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 22.13 Med: 36.97 Max: 43.05
Current: 22.13
During the past 8 years, Jiangsu United Water Technology Co's highest ROC (Joel Greenblatt) % was 43.05%. The lowest was 22.13%. And the median was 36.97%.
SHSE:603291's ROC (Joel Greenblatt) % is ranked better than 73.16% of 503
companies
in the Utilities - Regulated industry
Industry Median: 10.93
vs SHSE:603291: 22.13
Jiangsu United Water Technology Co (SHSE:603291) 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.
Jiangsu United Water Technology Co ROC (Joel Greenblatt) % Chart
SHSE:603291 vs AWK, WTRG, AWR: ROC (Joel Greenblatt) % Comparison
For the Utilities - Regulated Water subindustry, Jiangsu United Water Technology 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.
Jiangsu United Water Technology Co ROC (Joel Greenblatt) % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Jiangsu United Water Technology Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Jiangsu United Water Technology Co's ROC (Joel Greenblatt) % falls into.
Jiangsu United Water Technology 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 16.28% mean?
Jiangsu United Water Technology Co (SHSE:603291) has a ROC (Joel Greenblatt) % of 16.28% 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 Jiangsu United Water Technology Co and its competitors. This is 56% below median its historical median of 36.97. Over the past decade, Jiangsu United Water Technology Co's ROC (Joel Greenblatt) % has ranged from 22.13 to 43.05. According to the industry distribution chart, Jiangsu United Water Technology Co ranks #135 out of 503 companies in the Utilities - Regulated industry, placing it in the top 26.8%.
Is Jiangsu United Water Technology Co's ROC (Joel Greenblatt) % too high?
Jiangsu United Water Technology Co's current ROC (Joel Greenblatt) % of 16.28% is 56% below median its 10-year median of 36.97. Over the past 10 years, this metric has ranged from a low of 22.13 to a high of 43.05. The Utilities - Regulated industry median ROC (Joel Greenblatt) % is 10.93. Jiangsu United Water Technology Co's value of 16.28% is 48.9% above this industry median. Based on the distribution chart, Jiangsu United Water Technology Co ranks #135 out of 503 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Jiangsu United Water Technology Co has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Jiangsu United Water Technology Co's ROC (Joel Greenblatt) % compare to AWK and WTRG?
According to the Utilities - Regulated industry distribution chart, Jiangsu United Water Technology Co ranks #135 out of 503 companies for ROC (Joel Greenblatt) %. This puts Jiangsu United Water Technology Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 10.93. Jiangsu United Water Technology Co's value of 16.28% is 48.9% above this benchmark. Historically, Jiangsu United Water Technology Co's own ROC (Joel Greenblatt) % has ranged from 22.13 to 43.05 over the past decade. While the company's 10-year median is 36.97 vs. the industry median of 10.93, Jiangsu United Water Technology 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 Utilities - Regulated company?
The median ROC (Joel Greenblatt) % among Utilities - Regulated companies is 10.93, based on 503 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. Jiangsu United Water Technology Co's current ROC (Joel Greenblatt) % of 16.28% is 48.9% 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 Jiangsu United Water Technology Co and its competitors. For the Utilities - Regulated industry, the median ROC (Joel Greenblatt) % is 10.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jiangsu United Water Technology Co's current ROC (Joel Greenblatt) % is 16.28%, which is 56% below median its own 10-year median of 36.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jiangsu United Water Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Jiangsu United Water Technology Co (SHSE:603291) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥10.93, compared to a current price of ¥9.13 — trading 16.5% below its estimated fair value. The current ROC (Joel Greenblatt) % is 16.28%, which is 56% below median its 10-year median of 36.97 and 48.9% above the Utilities - Regulated industry median of 10.93. Jiangsu United Water Technology Co's overall GF Score™ is 67/100 with 8 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 Jiangsu United Water Technology Co (SHSE:603291), the current ROC (Joel Greenblatt) % is 16.28% 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 Jiangsu United Water Technology Co (SHSE:603291) Overvalued in 2026?
Based on GuruFocus' analysis, Jiangsu United Water Technology Co stock appears to be undervalued.
The current stock price of ¥9.13 is trading 16.5% below its estimated GF Value™ of ¥10.93.
GuruFocus considers Jiangsu United Water Technology Co to be Modestly Undervalued.
Key valuation signals for SHSE:603291:
ROC (Joel Greenblatt) %: 16.28% (56% below median its 10-year median of 36.97)
GF Value™: ¥10.93 vs. price of ¥9.13 (16.5% below fair value)
Industry Position: 48.9% above the Utilities - Regulated median (#135 of 503)
No single metric tells the full story. See the SHSE:603291 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jiangsu United Water Technology Co Ltd engages in tap water production and supply, sewage treatment and wastewater resource utilization, and water reuse, as well as municipal engineering business. It also actively expands water environment management businesses, such as river and lake basin water management and water ecological restoration.
67GF Score
Get the complete analysis for SHSE:603291
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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