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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. Brightgene Bio-medical Technology Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 1.81%.
The historical rank and industry rank for Brightgene Bio-medical Technology Co's ROC (Joel Greenblatt) % or its related term are showing as below:
SHSE:688166'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.4 Med: 17.32 Max: 28.48
Current: 2.73
During the past 10 years, Brightgene Bio-medical Technology Co's highest ROC (Joel Greenblatt) % was 28.48%. The lowest was 2.40%. And the median was 17.32%.
SHSE:688166's ROC (Joel Greenblatt) % is ranked better than 79.73% of 1322
companies
in the Biotechnology industry
Industry Median: -291.605
vs SHSE:688166: 2.73
Brightgene Bio-medical Technology Co (SHSE:688166) 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.
Brightgene Bio-medical Technology Co ROC (Joel Greenblatt) % Chart
SHSE:688166 vs VRTX, REGN, RVMD: ROC (Joel Greenblatt) % Comparison
For the Biotechnology subindustry, Brightgene Bio-medical 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.
Brightgene Bio-medical Technology Co ROC (Joel Greenblatt) % vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Brightgene Bio-medical Technology Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Brightgene Bio-medical Technology Co's ROC (Joel Greenblatt) % falls into.
Brightgene Bio-medical 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 (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 1.81% mean?
Brightgene Bio-medical Technology Co (SHSE:688166) has a ROC (Joel Greenblatt) % of 1.81% 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 Brightgene Bio-medical Technology Co and its competitors. This is 90% below median its historical median of 17.32. Over the past decade, Brightgene Bio-medical Technology Co's ROC (Joel Greenblatt) % has ranged from 2.40 to 28.48. According to the industry distribution chart, Brightgene Bio-medical Technology Co ranks #268 out of 1322 companies in the Biotechnology industry, placing it in the top 20.3%.
Is Brightgene Bio-medical Technology Co's ROC (Joel Greenblatt) % too high?
Brightgene Bio-medical Technology Co's current ROC (Joel Greenblatt) % of 1.81% is 90% below median its 10-year median of 17.32. Over the past 10 years, this metric has ranged from a low of 2.40 to a high of 28.48. Based on the distribution chart, Brightgene Bio-medical Technology Co ranks #268 out of 1322 companies in the Biotechnology industry, which is in the top quartile — a strong position relative to peers. Overall, Brightgene Bio-medical Technology Co has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Brightgene Bio-medical Technology Co's ROC (Joel Greenblatt) % compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Brightgene Bio-medical Technology Co ranks #268 out of 1322 companies for ROC (Joel Greenblatt) %. This places Brightgene Bio-medical Technology Co in the top 20% of its industry — outperforming the majority of peers. Historically, Brightgene Bio-medical Technology Co's own ROC (Joel Greenblatt) % has ranged from 2.40 to 28.48 over the past decade. 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 Biotechnology company?
A good ROC (Joel Greenblatt) % depends on the Biotechnology industry context. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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 Brightgene Bio-medical Technology Co and its competitors. Brightgene Bio-medical Technology Co's current ROC (Joel Greenblatt) % is 1.81%, which is 90% below median its own 10-year median of 17.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Brightgene Bio-medical Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Brightgene Bio-medical Technology Co (SHSE:688166) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥38.61, compared to a current price of ¥32.94 — trading 14.7% below its estimated fair value. The current ROC (Joel Greenblatt) % is 1.81%, which is 90% below median its 10-year median of 17.32. Brightgene Bio-medical Technology Co's overall GF Score™ is 84/100 with 7 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 Brightgene Bio-medical Technology Co (SHSE:688166), the current ROC (Joel Greenblatt) % is 1.81% 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 Brightgene Bio-medical Technology Co (SHSE:688166) Overvalued in 2026?
Based on GuruFocus' analysis, Brightgene Bio-medical Technology Co stock appears to be undervalued.
The current stock price of ¥32.94 is trading 14.7% below its estimated GF Value™ of ¥38.61.
GuruFocus considers Brightgene Bio-medical Technology Co to be Modestly Undervalued.
Key valuation signals for SHSE:688166:
ROC (Joel Greenblatt) %: 1.81% (90% below median its 10-year median of 17.32)
GF Value™: ¥38.61 vs. price of ¥32.94 (14.7% below fair value)
No single metric tells the full story. See the SHSE:688166 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Brightgene Bio-medical Technology Co Ltd is engaged in the Research and development and production of pharmaceutical intermediates, active pharmaceutical ingredients and formulations with high technological barriers.
84GF Score
Get the complete analysis for SHSE:688166
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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