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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. Anji Microelectronics Technology (Shanghai) Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 36.96%.
SHSE:688019's ROC (Joel Greenblatt) % is ranked better than 81.81% of 1028
companies
in the Semiconductors industry
Industry Median: 8.62
vs SHSE:688019: 42.62
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.
Anji Microelectronics Technology (Shanghai) Co ROC (Joel Greenblatt) % Chart
Anji Microelectronics Technology (Shanghai) Co Annual Data
SHSE:688019 vs AMAT, LRCX, KLAC: ROC (Joel Greenblatt) % Comparison
For the Semiconductor Equipment & Materials subindustry, Anji Microelectronics Technology (Shanghai) 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.
Anji Microelectronics Technology (Shanghai) Co ROC (Joel Greenblatt) % vs Semiconductors Industry
Anji Microelectronics Technology (Shanghai) 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 36.96% mean?
Anji Microelectronics Technology (Shanghai) Co (SHSE:688019) has a ROC (Joel Greenblatt) % of 36.96% 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 Anji Microelectronics Technology (Shanghai) Co and its competitors. This is 14% below median its historical median of 42.75. Over the past decade, Anji Microelectronics Technology (Shanghai) Co's ROC (Joel Greenblatt) % has ranged from 19.46 to 57.53. According to the industry distribution chart, Anji Microelectronics Technology (Shanghai) Co ranks #187 out of 1028 companies in the Semiconductors industry, placing it in the top 18.2%.
Is Anji Microelectronics Technology (Shanghai) Co's ROC (Joel Greenblatt) % too high?
Anji Microelectronics Technology (Shanghai) Co's current ROC (Joel Greenblatt) % of 36.96% is 14% below median its 10-year median of 42.75. Over the past 10 years, this metric has ranged from a low of 19.46 to a high of 57.53. The Semiconductors industry median ROC (Joel Greenblatt) % is 8.62. Anji Microelectronics Technology (Shanghai) Co's value of 36.96% is 328.8% above this industry median. Based on the distribution chart, Anji Microelectronics Technology (Shanghai) Co ranks #187 out of 1028 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Anji Microelectronics Technology (Shanghai) Co has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Anji Microelectronics Technology (Shanghai) Co's ROC (Joel Greenblatt) % compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Anji Microelectronics Technology (Shanghai) Co ranks #187 out of 1028 companies for ROC (Joel Greenblatt) %. This places Anji Microelectronics Technology (Shanghai) Co in the top 18% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 8.62. Anji Microelectronics Technology (Shanghai) Co's value of 36.96% is 328.8% above this benchmark. Historically, Anji Microelectronics Technology (Shanghai) Co's own ROC (Joel Greenblatt) % has ranged from 19.46 to 57.53 over the past decade. While the company's 10-year median is 42.75 vs. the industry median of 8.62, Anji Microelectronics Technology (Shanghai) 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 Semiconductors company?
The median ROC (Joel Greenblatt) % among Semiconductors companies is 8.62, based on 1,028 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. Anji Microelectronics Technology (Shanghai) Co's current ROC (Joel Greenblatt) % of 36.96% is 328.8% 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 Anji Microelectronics Technology (Shanghai) Co and its competitors. For the Semiconductors industry, the median ROC (Joel Greenblatt) % is 8.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Anji Microelectronics Technology (Shanghai) Co's current ROC (Joel Greenblatt) % is 36.96%, which is 14% below median its own 10-year median of 42.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Anji Microelectronics Technology (Shanghai) Co stock overvalued right now?
Based on GuruFocus' analysis, Anji Microelectronics Technology (Shanghai) Co (SHSE:688019) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥165.73, compared to a current price of ¥244.40 — trading 47.5% above its estimated fair value. The current ROC (Joel Greenblatt) % is 36.96%, which is 14% below median its 10-year median of 42.75 and 328.8% above the Semiconductors industry median of 8.62. Anji Microelectronics Technology (Shanghai) Co's overall GF Score™ is 84/100 with 3 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 Anji Microelectronics Technology (Shanghai) Co (SHSE:688019), the current ROC (Joel Greenblatt) % is 36.96% 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 Anji Microelectronics Technology (Shanghai) Co (SHSE:688019) Overvalued in 2026?
Based on GuruFocus' analysis, Anji Microelectronics Technology (Shanghai) Co stock appears to be overvalued.
The current stock price of ¥244.40 is trading 47.5% above its estimated GF Value™ of ¥165.73.
GuruFocus considers Anji Microelectronics Technology (Shanghai) Co to be Significantly Overvalued.
Key valuation signals for SHSE:688019:
ROC (Joel Greenblatt) %: 36.96% (14% below median its 10-year median of 42.75)
GF Value™: ¥165.73 vs. price of ¥244.40 (47.5% above fair value)
Industry Position: 328.8% above the Semiconductors median (#187 of 1028)
No single metric tells the full story. See the SHSE:688019 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Anji Microelectronics Technology (Shanghai) Co Ltd is primarily involved in the research and development and industrialization of key semiconductor materials.
84GF Score
Get the complete analysis for SHSE:688019
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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