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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. Shanghai Golden Union Commercial Management (Group) Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 6.90%.
SHSE:603682's ROC (Joel Greenblatt) % is ranked worse than 78.1% of 1758
companies
in the Real Estate industry
Industry Median: 12.945
vs SHSE:603682: -3.10
Shanghai Golden Union Commercial Management (Group) Co (SHSE:603682) 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.
Shanghai Golden Union Commercial Management (Group) Co ROC (Joel Greenblatt) % Chart
Shanghai Golden Union Commercial Management (Group) Co Annual Data
SHSE:603682 vs CBRE, BEKE, JLL: ROC (Joel Greenblatt) % Comparison
For the Real Estate Services subindustry, Shanghai Golden Union Commercial Management (Group) 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.
Shanghai Golden Union Commercial Management (Group) Co ROC (Joel Greenblatt) % vs Real Estate Industry
Shanghai Golden Union Commercial Management (Group) 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 6.90% mean?
Shanghai Golden Union Commercial Management (Group) Co (SHSE:603682) has a ROC (Joel Greenblatt) % of 6.90% 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 Shanghai Golden Union Commercial Management (Group) Co and its competitors. This is 52% below median its historical median of 14.37. According to the industry distribution chart, Shanghai Golden Union Commercial Management (Group) Co ranks #1373 out of 1758 companies in the Real Estate industry, placing it in the top 78.1%.
Is Shanghai Golden Union Commercial Management (Group) Co's ROC (Joel Greenblatt) % too high?
Shanghai Golden Union Commercial Management (Group) Co's current ROC (Joel Greenblatt) % of 6.90% is 52% below median its 10-year median of 14.37. The Real Estate industry median ROC (Joel Greenblatt) % is 12.95. Shanghai Golden Union Commercial Management (Group) Co's value of 6.90% is 46.7% below this industry median. Based on the distribution chart, Shanghai Golden Union Commercial Management (Group) Co ranks #1373 out of 1758 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Shanghai Golden Union Commercial Management (Group) Co has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai Golden Union Commercial Management (Group) Co's ROC (Joel Greenblatt) % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Shanghai Golden Union Commercial Management (Group) Co ranks #1373 out of 1758 companies for ROC (Joel Greenblatt) %. This places Shanghai Golden Union Commercial Management (Group) Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 12.95. Shanghai Golden Union Commercial Management (Group) Co's value of 6.90% is 46.7% below this benchmark. While the company's 10-year median is 14.37 vs. the industry median of 12.95, Shanghai Golden Union Commercial Management (Group) 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 Real Estate company?
The median ROC (Joel Greenblatt) % among Real Estate companies is 12.95, based on 1,758 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. Shanghai Golden Union Commercial Management (Group) Co's current ROC (Joel Greenblatt) % of 6.90% is 46.7% 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 Shanghai Golden Union Commercial Management (Group) Co and its competitors. For the Real Estate industry, the median ROC (Joel Greenblatt) % is 12.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai Golden Union Commercial Management (Group) Co's current ROC (Joel Greenblatt) % is 6.90%, which is 52% below median its own 10-year median of 14.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Golden Union Commercial Management (Group) Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Golden Union Commercial Management (Group) Co (SHSE:603682) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥7.02, compared to a current price of ¥9.69 — trading 38% above its estimated fair value. The current ROC (Joel Greenblatt) % is 6.90%, which is 52% below median its 10-year median of 14.37 and 46.7% below the Real Estate industry median of 12.95. Shanghai Golden Union Commercial Management (Group) Co's overall GF Score™ is 69/100 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 Shanghai Golden Union Commercial Management (Group) Co (SHSE:603682), the current ROC (Joel Greenblatt) % is 6.90% 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 Shanghai Golden Union Commercial Management (Group) Co (SHSE:603682) Overvalued in 2026?
Based on GuruFocus' analysis, Shanghai Golden Union Commercial Management (Group) Co stock appears to be overvalued.
The current stock price of ¥9.69 is trading 38% above its estimated GF Value™ of ¥7.02.
GuruFocus considers Shanghai Golden Union Commercial Management (Group) Co to be Significantly Overvalued.
Key valuation signals for SHSE:603682:
ROC (Joel Greenblatt) %: 6.90% (52% below median its 10-year median of 14.37)
GF Value™: ¥7.02 vs. price of ¥9.69 (38% above fair value)
Industry Position: 46.7% below the Real Estate median (#1373 of 1758)
No single metric tells the full story. See the SHSE:603682 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shanghai Golden Union Commercial Management (Group) Co Ltd is engaged in positioning design, transformation and operation management of industrial parks and creative industrial parks. The company specializes in the field of urban renewal and provides a one-stop service for the entire value chain of existing commercial properties in cities. Its services improve the value of properties through remarketing, design and transformation of old properties, investment management, and improve the appearance of the city while tapping the historical context of architecture to promote the incubation of cultural and creative industries.
69GF Score
Get the complete analysis for SHSE:603682
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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