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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. Chongqing Zhengchuan Pharmaceutical Packaging Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 4.67%.
SHSE:603976's ROC (Joel Greenblatt) % is ranked worse than 75.79% of 409
companies
in the Packaging & Containers industry
Industry Median: 9.39
vs SHSE:603976: 3.46
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.
Chongqing Zhengchuan Pharmaceutical Packaging Co ROC (Joel Greenblatt) % Chart
Chongqing Zhengchuan Pharmaceutical Packaging Co Annual Data
SHSE:603976 vs SW, AMCR, PKG: ROC (Joel Greenblatt) % Comparison
For the Packaging & Containers subindustry, Chongqing Zhengchuan Pharmaceutical Packaging 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.
Chongqing Zhengchuan Pharmaceutical Packaging Co ROC (Joel Greenblatt) % vs Packaging & Containers Industry
Chongqing Zhengchuan Pharmaceutical Packaging 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 4.67% mean?
Chongqing Zhengchuan Pharmaceutical Packaging Co (SHSE:603976) has a ROC (Joel Greenblatt) % of 4.67% 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 Chongqing Zhengchuan Pharmaceutical Packaging Co and its competitors. This is 62% below median its historical median of 12.40. Over the past decade, Chongqing Zhengchuan Pharmaceutical Packaging Co's ROC (Joel Greenblatt) % has ranged from 3.46 to 27.66. According to the industry distribution chart, Chongqing Zhengchuan Pharmaceutical Packaging Co ranks #310 out of 409 companies in the Packaging & Containers industry, placing it in the top 75.8%.
Is Chongqing Zhengchuan Pharmaceutical Packaging Co's ROC (Joel Greenblatt) % too high?
Chongqing Zhengchuan Pharmaceutical Packaging Co's current ROC (Joel Greenblatt) % of 4.67% is 62% below median its 10-year median of 12.40. Over the past 10 years, this metric has ranged from a low of 3.46 to a high of 27.66. The Packaging & Containers industry median ROC (Joel Greenblatt) % is 9.39. Chongqing Zhengchuan Pharmaceutical Packaging Co's value of 4.67% is 50.3% below this industry median. Based on the distribution chart, Chongqing Zhengchuan Pharmaceutical Packaging Co ranks #310 out of 409 companies in the Packaging & Containers industry, which is in the bottom quartile relative to peers. Overall, Chongqing Zhengchuan Pharmaceutical Packaging Co has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Chongqing Zhengchuan Pharmaceutical Packaging Co's ROC (Joel Greenblatt) % compare to SW and AMCR?
According to the Packaging & Containers industry distribution chart, Chongqing Zhengchuan Pharmaceutical Packaging Co ranks #310 out of 409 companies for ROC (Joel Greenblatt) %. This places Chongqing Zhengchuan Pharmaceutical Packaging Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 9.39. Chongqing Zhengchuan Pharmaceutical Packaging Co's value of 4.67% is 50.3% below this benchmark. Historically, Chongqing Zhengchuan Pharmaceutical Packaging Co's own ROC (Joel Greenblatt) % has ranged from 3.46 to 27.66 over the past decade. While the company's 10-year median is 12.40 vs. the industry median of 9.39, Chongqing Zhengchuan Pharmaceutical Packaging 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 Packaging & Containers company?
The median ROC (Joel Greenblatt) % among Packaging & Containers companies is 9.39, based on 409 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. Chongqing Zhengchuan Pharmaceutical Packaging Co's current ROC (Joel Greenblatt) % of 4.67% is 50.3% 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 Chongqing Zhengchuan Pharmaceutical Packaging Co and its competitors. For the Packaging & Containers industry, the median ROC (Joel Greenblatt) % is 9.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chongqing Zhengchuan Pharmaceutical Packaging Co's current ROC (Joel Greenblatt) % is 4.67%, which is 62% below median its own 10-year median of 12.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chongqing Zhengchuan Pharmaceutical Packaging Co stock overvalued right now?
Based on GuruFocus' analysis, Chongqing Zhengchuan Pharmaceutical Packaging Co (SHSE:603976) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥21.32, compared to a current price of ¥30.45 — trading 42.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is 4.67%, which is 62% below median its 10-year median of 12.40 and 50.3% below the Packaging & Containers industry median of 9.39. Chongqing Zhengchuan Pharmaceutical Packaging Co's overall GF Score™ is 66/100 with 11 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 Chongqing Zhengchuan Pharmaceutical Packaging Co (SHSE:603976), the current ROC (Joel Greenblatt) % is 4.67% 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 Chongqing Zhengchuan Pharmaceutical Packaging Co (SHSE:603976) Overvalued in 2026?
Based on GuruFocus' analysis, Chongqing Zhengchuan Pharmaceutical Packaging Co stock appears to be overvalued.
The current stock price of ¥30.45 is trading 42.8% above its estimated GF Value™ of ¥21.32.
GuruFocus considers Chongqing Zhengchuan Pharmaceutical Packaging Co to be Significantly Overvalued.
Key valuation signals for SHSE:603976:
ROC (Joel Greenblatt) %: 4.67% (62% below median its 10-year median of 12.40)
GF Value™: ¥21.32 vs. price of ¥30.45 (42.8% above fair value)
Industry Position: 50.3% below the Packaging & Containers median (#310 of 409)
No single metric tells the full story. See the SHSE:603976 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chongqing Zhengchuan Pharmaceutical Packaging Co Ltd is a China-based company engages in the research, development, production, and sale of medicinal packaging materials such as medicinal glass tubes. It manufactures colorless and brown glass tubular injection bottles, oral liquid bottles, regulation glass tube screw mouth bottle, and ampoules.
66GF Score
Get the complete analysis for SHSE:603976
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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