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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 Chemspec's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -5.03%.
The historical rank and industry rank for Shanghai Chemspec's ROC (Joel Greenblatt) % or its related term are showing as below:
SHSE:688602'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -10.53 Med: 15.93 Max: 79.18
Current: -10.53
During the past 10 years, Shanghai Chemspec's highest ROC (Joel Greenblatt) % was 79.18%. The lowest was -10.53%. And the median was 15.93%.
SHSE:688602's ROC (Joel Greenblatt) % is ranked worse than 88.24% of 1607
companies
in the Chemicals industry
Industry Median: 10.15
vs SHSE:688602: -10.53
Shanghai Chemspec's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
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.
Shanghai Chemspec ROC (Joel Greenblatt) % Related Terms
Shanghai Chemspec ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Shanghai Chemspec's ROC (Joel Greenblatt) % can be seen below:
* 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:688602 vs DOW: ROC (Joel Greenblatt) % Comparison
For the Chemicals subindustry, Shanghai Chemspec'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 Chemspec ROC (Joel Greenblatt) % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Shanghai Chemspec's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Shanghai Chemspec'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 (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 -5.03% mean?
Shanghai Chemspec (SHSE:688602) has a ROC (Joel Greenblatt) % of -5.03% 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 Shanghai Chemspec and its competitors. According to the industry distribution chart, Shanghai Chemspec ranks #1418 out of 1607 companies in the Chemicals industry, placing it in the top 88.2%.
Is Shanghai Chemspec's ROC (Joel Greenblatt) % too high?
Shanghai Chemspec's current ROC (Joel Greenblatt) % is -5.03%. Based on the distribution chart, Shanghai Chemspec ranks #1418 out of 1607 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Shanghai Chemspec has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shanghai Chemspec's ROC (Joel Greenblatt) % compare to DOW?
According to the Chemicals industry distribution chart, Shanghai Chemspec ranks #1418 out of 1607 companies for ROC (Joel Greenblatt) %. This places Shanghai Chemspec in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 10.15. 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 10.15, 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. 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 Chemspec and its competitors. For the Chemicals industry, the median ROC (Joel Greenblatt) % is 10.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai Chemspec's current ROC (Joel Greenblatt) % is -5.03%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Chemspec stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Chemspec (SHSE:688602) is currently considered Fairly Valued. The stock's GF Value™ is ¥6.21, compared to a current price of ¥6.82 — trading 9.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is -5.03%. Shanghai Chemspec's overall GF Score™ is 72/100 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 Chemspec (SHSE:688602), the current ROC (Joel Greenblatt) % is -5.03% 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 Shanghai Chemspec (SHSE:688602) Overvalued in 2026?
Based on GuruFocus' analysis, Shanghai Chemspec stock appears to be overvalued.
The current stock price of ¥6.82 is trading 9.8% above its estimated GF Value™ of ¥6.21.
GuruFocus considers Shanghai Chemspec to be Fairly Valued.
Key valuation signals for SHSE:688602:
ROC (Joel Greenblatt) %: -5.03%
GF Value™: ¥6.21 vs. price of ¥6.82 (9.8% above fair value)
No single metric tells the full story. See the SHSE:688602 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shanghai Chemspec Corp is engaged in research & development, production and sales of fine chemicals. It is globally recognized as an industry leader in providing fluorinated specialty chemicals serving markets in a variety of applications. These include liquid crystals, lithium-ion battery components, pharmaceutical chemicals, and agrochemicals.
72GF Score
Get the complete analysis for SHSE:688602
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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