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Bafang Electric (Suzhou) CoSHSE:603489 +0.96%80 ROC (Joel Greenblatt) % is 24.50% as of Mar. 2026, which is 87% below its 10-year median of 186.21. GuruFocus rates SHSE:603489 with a GF Score™ of 80/100 and a GF Value™ of ¥30.04 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,336 Vehicles & Parts companies, Bafang Electric (Suzhou) Co ranks better than 59.58% 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. Bafang Electric (Suzhou) Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 24.50%.
The historical rank and industry rank for Bafang Electric (Suzhou) Co's ROC (Joel Greenblatt) % or its related term are showing as below:
SHSE:603489'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 8.86 Med: 186.21 Max: 573.65
Current: 15.78
During the past 11 years, Bafang Electric (Suzhou) Co's highest ROC (Joel Greenblatt) % was 573.65%. The lowest was 8.86%. And the median was 186.21%.
SHSE:603489's ROC (Joel Greenblatt) % is ranked better than 59.58% of 1336
companies
in the Vehicles & Parts industry
Industry Median: 12.755
vs SHSE:603489: 15.78
Bafang Electric (Suzhou) Co (SHSE:603489) 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.
Bafang Electric (Suzhou) Co ROC (Joel Greenblatt) % Chart
SHSE:603489 vs ORLY, AZO: ROC (Joel Greenblatt) % Comparison
For the Auto Parts subindustry, Bafang Electric (Suzhou) 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.
Bafang Electric (Suzhou) Co ROC (Joel Greenblatt) % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Bafang Electric (Suzhou) Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Bafang Electric (Suzhou) Co's ROC (Joel Greenblatt) % falls into.
Bafang Electric (Suzhou) 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 24.50% mean?
Bafang Electric (Suzhou) Co (SHSE:603489) has a ROC (Joel Greenblatt) % of 24.50% 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 Bafang Electric (Suzhou) Co and its competitors. This is 87% below median its historical median of 186.21. Over the past decade, Bafang Electric (Suzhou) Co's ROC (Joel Greenblatt) % has ranged from 8.86 to 573.65. According to the industry distribution chart, Bafang Electric (Suzhou) Co ranks #540 out of 1336 companies in the Vehicles & Parts industry, placing it in the top 40.4%.
Is Bafang Electric (Suzhou) Co's ROC (Joel Greenblatt) % too high?
Bafang Electric (Suzhou) Co's current ROC (Joel Greenblatt) % of 24.50% is 87% below median its 10-year median of 186.21. Over the past 10 years, this metric has ranged from a low of 8.86 to a high of 573.65. The Vehicles & Parts industry median ROC (Joel Greenblatt) % is 12.76. Bafang Electric (Suzhou) Co's value of 24.50% is 92.1% above this industry median. Based on the distribution chart, Bafang Electric (Suzhou) Co ranks #540 out of 1336 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Bafang Electric (Suzhou) Co has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bafang Electric (Suzhou) Co's ROC (Joel Greenblatt) % compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Bafang Electric (Suzhou) Co ranks #540 out of 1336 companies for ROC (Joel Greenblatt) %. This puts Bafang Electric (Suzhou) Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 12.76. Bafang Electric (Suzhou) Co's value of 24.50% is 92.1% above this benchmark. Historically, Bafang Electric (Suzhou) Co's own ROC (Joel Greenblatt) % has ranged from 8.86 to 573.65 over the past decade. While the company's 10-year median is 186.21 vs. the industry median of 12.76, Bafang Electric (Suzhou) 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 Vehicles & Parts company?
The median ROC (Joel Greenblatt) % among Vehicles & Parts companies is 12.76, based on 1,336 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. Bafang Electric (Suzhou) Co's current ROC (Joel Greenblatt) % of 24.50% is 92.1% 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 Bafang Electric (Suzhou) Co and its competitors. For the Vehicles & Parts industry, the median ROC (Joel Greenblatt) % is 12.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bafang Electric (Suzhou) Co's current ROC (Joel Greenblatt) % is 24.50%, which is 87% below median its own 10-year median of 186.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bafang Electric (Suzhou) Co stock overvalued right now?
Based on GuruFocus' analysis, Bafang Electric (Suzhou) Co (SHSE:603489) is currently considered Fairly Valued. The stock's GF Value™ is ¥30.04, compared to a current price of ¥28.28 — trading 5.9% below its estimated fair value. The current ROC (Joel Greenblatt) % is 24.50%, which is 87% below median its 10-year median of 186.21 and 92.1% above the Vehicles & Parts industry median of 12.76. Bafang Electric (Suzhou) Co's overall GF Score™ is 80/100 with 4 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 Bafang Electric (Suzhou) Co (SHSE:603489), the current ROC (Joel Greenblatt) % is 24.50% 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 Bafang Electric (Suzhou) Co (SHSE:603489) Overvalued in 2026?
Based on GuruFocus' analysis, Bafang Electric (Suzhou) Co stock appears to be undervalued.
The current stock price of ¥28.28 is trading 5.9% below its estimated GF Value™ of ¥30.04.
GuruFocus considers Bafang Electric (Suzhou) Co to be Fairly Valued.
Key valuation signals for SHSE:603489:
ROC (Joel Greenblatt) %: 24.50% (87% below median its 10-year median of 186.21)
GF Value™: ¥30.04 vs. price of ¥28.28 (5.9% below fair value)
Industry Position: 92.1% above the Vehicles & Parts median (#540 of 1336)
No single metric tells the full story. See the SHSE:603489 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bafang Electric (Suzhou) Co Ltd is engaged in the production, sales and technical services of electric treadmill motors and supporting electrical systems. The systems are used for eBikes and electric scooters. The products are sold in Europe, China and the United States.
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