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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 BOCHU Electronic Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 338.65%.
The historical rank and industry rank for Shanghai BOCHU Electronic Technology's ROC (Joel Greenblatt) % or its related term are showing as below:
SHSE:688188'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 119.29 Med: 212.2 Max: 1350.14
Current: 252.37
During the past 10 years, Shanghai BOCHU Electronic Technology's highest ROC (Joel Greenblatt) % was 1350.14%. The lowest was 119.29%. And the median was 212.20%.
SHSE:688188's ROC (Joel Greenblatt) % is ranked better than 97.58% of 1033
companies
in the Semiconductors industry
Industry Median: 9.73
vs SHSE:688188: 252.37
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.
SHSE:688188 vs NVDA, AVGO, MU: ROC (Joel Greenblatt) % Comparison
For the Semiconductors subindustry, Shanghai BOCHU Electronic Technology'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 BOCHU Electronic Technology ROC (Joel Greenblatt) % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Shanghai BOCHU Electronic Technology's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Shanghai BOCHU Electronic Technology's ROC (Joel Greenblatt) % falls into.
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 338.65% mean?
Shanghai BOCHU Electronic Technology (SHSE:688188) has a ROC (Joel Greenblatt) % of 338.65% 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 BOCHU Electronic Technology and its competitors. This is 60% above median its historical median of 212.20. Over the past decade, Shanghai BOCHU Electronic Technology's ROC (Joel Greenblatt) % has ranged from 119.29 to 1,350.14. According to the industry distribution chart, Shanghai BOCHU Electronic Technology ranks #25 out of 1033 companies in the Semiconductors industry, placing it in the top 2.4%.
Is Shanghai BOCHU Electronic Technology's ROC (Joel Greenblatt) % too high?
Shanghai BOCHU Electronic Technology's current ROC (Joel Greenblatt) % of 338.65% is 60% above median its 10-year median of 212.20. Over the past 10 years, this metric has ranged from a low of 119.29 to a high of 1,350.14. The Semiconductors industry median ROC (Joel Greenblatt) % is 9.73. Shanghai BOCHU Electronic Technology's value of 338.65% is 3380.5% above this industry median. Based on the distribution chart, Shanghai BOCHU Electronic Technology ranks #25 out of 1033 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Shanghai BOCHU Electronic Technology has a GF Score™ of 94/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai BOCHU Electronic Technology's ROC (Joel Greenblatt) % compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Shanghai BOCHU Electronic Technology ranks #25 out of 1033 companies for ROC (Joel Greenblatt) %. This places Shanghai BOCHU Electronic Technology in the top 2% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 9.73. Shanghai BOCHU Electronic Technology's value of 338.65% is 3380.5% above this benchmark. Historically, Shanghai BOCHU Electronic Technology's own ROC (Joel Greenblatt) % has ranged from 119.29 to 1,350.14 over the past decade. While the company's 10-year median is 212.20 vs. the industry median of 9.73, Shanghai BOCHU Electronic Technology 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 9.73, based on 1,033 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 BOCHU Electronic Technology's current ROC (Joel Greenblatt) % of 338.65% is 3380.5% 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 Shanghai BOCHU Electronic Technology and its competitors. For the Semiconductors industry, the median ROC (Joel Greenblatt) % is 9.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai BOCHU Electronic Technology's current ROC (Joel Greenblatt) % is 338.65%, which is 60% above median its own 10-year median of 212.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai BOCHU Electronic Technology stock overvalued right now?
Based on GuruFocus' analysis, Shanghai BOCHU Electronic Technology (SHSE:688188) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥134.77, compared to a current price of ¥102.34 — trading 24.1% below its estimated fair value. The current ROC (Joel Greenblatt) % is 338.65%, which is 60% above median its 10-year median of 212.20 and 3380.5% above the Semiconductors industry median of 9.73. Shanghai BOCHU Electronic Technology's overall GF Score™ is 94/100 with 2 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 BOCHU Electronic Technology (SHSE:688188), the current ROC (Joel Greenblatt) % is 338.65% 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 BOCHU Electronic Technology (SHSE:688188) Overvalued in 2026?
Based on GuruFocus' analysis, Shanghai BOCHU Electronic Technology stock appears to be undervalued.
The current stock price of ¥102.34 is trading 24.1% below its estimated GF Value™ of ¥134.77.
GuruFocus considers Shanghai BOCHU Electronic Technology to be Modestly Undervalued.
Key valuation signals for SHSE:688188:
ROC (Joel Greenblatt) %: 338.65% (60% above median its 10-year median of 212.20)
GF Value™: ¥134.77 vs. price of ¥102.34 (24.1% below fair value)
Industry Position: 3380.5% above the Semiconductors median (#25 of 1033)
No single metric tells the full story. See the SHSE:688188 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shanghai BOCHU Electronic Technology Corp Ltd is engaged in research & development, production, and sales of laser cutting control systems. The company develops follow-up control, board control, and bus control systems, along with related supporting products.
94GF Score
Get the complete analysis for SHSE:688188
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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