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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. Jiangsu HSC New Energy Materials Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 20.75%.
The historical rank and industry rank for Jiangsu HSC New Energy Materials Co's ROC (Joel Greenblatt) % or its related term are showing as below:
SHSE:688353'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -13.54 Med: 17.43 Max: 100.84
Current: 8.07
During the past 8 years, Jiangsu HSC New Energy Materials Co's highest ROC (Joel Greenblatt) % was 100.84%. The lowest was -13.54%. And the median was 17.43%.
SHSE:688353's ROC (Joel Greenblatt) % is ranked worse than 55.88% of 1607
companies
in the Chemicals industry
Industry Median: 9.97
vs SHSE:688353: 8.07
Jiangsu HSC New Energy Materials Co (SHSE:688353) 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.
Jiangsu HSC New Energy Materials Co ROC (Joel Greenblatt) % Chart
SHSE:688353 vs DOW: ROC (Joel Greenblatt) % Comparison
For the Chemicals subindustry, Jiangsu HSC New Energy Materials 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.
Jiangsu HSC New Energy Materials Co ROC (Joel Greenblatt) % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Jiangsu HSC New Energy Materials Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Jiangsu HSC New Energy Materials Co's ROC (Joel Greenblatt) % falls into.
Jiangsu HSC New Energy Materials 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 20.75% mean?
Jiangsu HSC New Energy Materials Co (SHSE:688353) has a ROC (Joel Greenblatt) % of 20.75% 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 Jiangsu HSC New Energy Materials Co and its competitors. This is 19% above median its historical median of 17.43. According to the industry distribution chart, Jiangsu HSC New Energy Materials Co ranks #898 out of 1607 companies in the Chemicals industry, placing it in the top 55.9%.
Is Jiangsu HSC New Energy Materials Co's ROC (Joel Greenblatt) % too high?
Jiangsu HSC New Energy Materials Co's current ROC (Joel Greenblatt) % of 20.75% is 19% above median its 10-year median of 17.43. The Chemicals industry median ROC (Joel Greenblatt) % is 9.97. Jiangsu HSC New Energy Materials Co's value of 20.75% is 108.1% above this industry median. Based on the distribution chart, Jiangsu HSC New Energy Materials Co ranks #898 out of 1607 companies in the Chemicals industry, which is below the industry midpoint. Overall, Jiangsu HSC New Energy Materials Co has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Jiangsu HSC New Energy Materials Co's ROC (Joel Greenblatt) % compare to DOW?
According to the Chemicals industry distribution chart, Jiangsu HSC New Energy Materials Co ranks #898 out of 1607 companies for ROC (Joel Greenblatt) %. This places Jiangsu HSC New Energy Materials Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 9.97. Jiangsu HSC New Energy Materials Co's value of 20.75% is 108.1% above this benchmark. While the company's 10-year median is 17.43 vs. the industry median of 9.97, Jiangsu HSC New Energy Materials 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 Chemicals company?
The median ROC (Joel Greenblatt) % among Chemicals companies is 9.97, based on 1,607 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. Jiangsu HSC New Energy Materials Co's current ROC (Joel Greenblatt) % of 20.75% is 108.1% 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 Jiangsu HSC New Energy Materials Co and its competitors. For the Chemicals industry, the median ROC (Joel Greenblatt) % is 9.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jiangsu HSC New Energy Materials Co's current ROC (Joel Greenblatt) % is 20.75%, which is 19% above median its own 10-year median of 17.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jiangsu HSC New Energy Materials Co stock overvalued right now?
Based on GuruFocus' analysis, Jiangsu HSC New Energy Materials Co (SHSE:688353) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥48.41, compared to a current price of ¥108.30 — trading 123.7% above its estimated fair value. The current ROC (Joel Greenblatt) % is 20.75%, which is 19% above median its 10-year median of 17.43 and 108.1% above the Chemicals industry median of 9.97. Jiangsu HSC New Energy Materials Co's overall GF Score™ is 62/100 with 4 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 Jiangsu HSC New Energy Materials Co (SHSE:688353), the current ROC (Joel Greenblatt) % is 20.75% 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 Jiangsu HSC New Energy Materials Co (SHSE:688353) Overvalued in 2026?
Based on GuruFocus' analysis, Jiangsu HSC New Energy Materials Co stock appears to be overvalued.
The current stock price of ¥108.30 is trading 123.7% above its estimated GF Value™ of ¥48.41.
GuruFocus considers Jiangsu HSC New Energy Materials Co to be Significantly Overvalued.
Key valuation signals for SHSE:688353:
ROC (Joel Greenblatt) %: 20.75% (19% above median its 10-year median of 17.43)
GF Value™: ¥48.41 vs. price of ¥108.30 (123.7% above fair value)
Industry Position: 108.1% above the Chemicals median (#898 of 1607)
No single metric tells the full story. See the SHSE:688353 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jiangsu HSC New Energy Materials Co Ltd is engaged in the production and sales of lithium battery electrolyte additives. The company's products mainly include two series of electronic chemicals and special silicones. In the field of electronic chemicals, the company supplies vinylene carbonate (VC) and fluoroethylene carbonate (FEC) in the market. The products are widely used in new energy vehicles, electric two-wheelers, power tools, UPS power supplies, mobile base station power supply, photovoltaic power station, 3C products and other fields. In the field of special silicones, the company manufacturers the technology of non-phosgene production of isocyanate silanes.
62GF Score
Get the complete analysis for SHSE:688353
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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