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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. Zhejiang Grandwall Electric Science & Technology Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 40.30%.
SHSE:603897's ROC (Joel Greenblatt) % is ranked better than 82.34% of 3069
companies
in the Industrial Products industry
Industry Median: 12.13
vs SHSE:603897: 35.33
Zhejiang Grandwall Electric Science & Technology Co (SHSE:603897) 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.
Zhejiang Grandwall Electric Science & Technology Co ROC (Joel Greenblatt) % Chart
Zhejiang Grandwall Electric Science & Technology Co Annual Data
SHSE:603897 vs VRT, BE: ROC (Joel Greenblatt) % Comparison
For the Electrical Equipment & Parts subindustry, Zhejiang Grandwall Electric Science & 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.
Zhejiang Grandwall Electric Science & Technology Co ROC (Joel Greenblatt) % vs Industrial Products Industry
Zhejiang Grandwall Electric Science & 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 (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 40.30% mean?
Zhejiang Grandwall Electric Science & Technology Co (SHSE:603897) has a ROC (Joel Greenblatt) % of 40.30% 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 Zhejiang Grandwall Electric Science & Technology Co and its competitors. This is 74% above median its historical median of 23.12. Over the past decade, Zhejiang Grandwall Electric Science & Technology Co's ROC (Joel Greenblatt) % has ranged from 9.78 to 53.49. According to the industry distribution chart, Zhejiang Grandwall Electric Science & Technology Co ranks #542 out of 3069 companies in the Industrial Products industry, placing it in the top 17.7%.
Is Zhejiang Grandwall Electric Science & Technology Co's ROC (Joel Greenblatt) % too high?
Zhejiang Grandwall Electric Science & Technology Co's current ROC (Joel Greenblatt) % of 40.30% is 74% above median its 10-year median of 23.12. Over the past 10 years, this metric has ranged from a low of 9.78 to a high of 53.49. The Industrial Products industry median ROC (Joel Greenblatt) % is 12.13. Zhejiang Grandwall Electric Science & Technology Co's value of 40.30% is 232.2% above this industry median. Based on the distribution chart, Zhejiang Grandwall Electric Science & Technology Co ranks #542 out of 3069 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Zhejiang Grandwall Electric Science & Technology Co has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Grandwall Electric Science & Technology Co's ROC (Joel Greenblatt) % compare to VRT and BE?
According to the Industrial Products industry distribution chart, Zhejiang Grandwall Electric Science & Technology Co ranks #542 out of 3069 companies for ROC (Joel Greenblatt) %. This places Zhejiang Grandwall Electric Science & Technology Co in the top 18% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 12.13. Zhejiang Grandwall Electric Science & Technology Co's value of 40.30% is 232.2% above this benchmark. Historically, Zhejiang Grandwall Electric Science & Technology Co's own ROC (Joel Greenblatt) % has ranged from 9.78 to 53.49 over the past decade. While the company's 10-year median is 23.12 vs. the industry median of 12.13, Zhejiang Grandwall Electric Science & 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 Industrial Products company?
The median ROC (Joel Greenblatt) % among Industrial Products companies is 12.13, based on 3,069 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. Zhejiang Grandwall Electric Science & Technology Co's current ROC (Joel Greenblatt) % of 40.30% is 232.2% 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 Zhejiang Grandwall Electric Science & Technology Co and its competitors. For the Industrial Products industry, the median ROC (Joel Greenblatt) % is 12.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Grandwall Electric Science & Technology Co's current ROC (Joel Greenblatt) % is 40.30%, which is 74% above median its own 10-year median of 23.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Grandwall Electric Science & Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Grandwall Electric Science & Technology Co (SHSE:603897) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥26.06, compared to a current price of ¥30.66 — trading 17.7% above its estimated fair value. The current ROC (Joel Greenblatt) % is 40.30%, which is 74% above median its 10-year median of 23.12 and 232.2% above the Industrial Products industry median of 12.13. Zhejiang Grandwall Electric Science & Technology Co's overall GF Score™ is 85/100 with 6 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 Zhejiang Grandwall Electric Science & Technology Co (SHSE:603897), the current ROC (Joel Greenblatt) % is 40.30% 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 Zhejiang Grandwall Electric Science & Technology Co (SHSE:603897) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Grandwall Electric Science & Technology Co stock appears to be overvalued.
The current stock price of Â¥30.66 is trading 17.7% above its estimated GF Value™ of Â¥26.06.
GuruFocus considers Zhejiang Grandwall Electric Science & Technology Co to be Modestly Overvalued.
Key valuation signals for SHSE:603897:
ROC (Joel Greenblatt) %: 40.30% (74% above median its 10-year median of 23.12)
GF Value™: Â¥26.06 vs. price of Â¥30.66 (17.7% above fair value)
Industry Position: 232.2% above the Industrial Products median (#542 of 3069)
No single metric tells the full story. See the SHSE:603897 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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