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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 Phoenix Enterprise (Group) Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 15.45%.
SHSE:900916'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -91.29 Med: 28.72 Max: 69.14
Current: 27.84
During the past 13 years, Shanghai Phoenix Enterprise (Group) Co's highest ROC (Joel Greenblatt) % was 69.14%. The lowest was -91.29%. And the median was 28.72%.
SHSE:900916's ROC (Joel Greenblatt) % is ranked better than 73.08% of 847
companies
in the Travel & Leisure industry
Industry Median: 10.59
vs SHSE:900916: 27.84
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.
Shanghai Phoenix Enterprise (Group) Co ROC (Joel Greenblatt) % Chart
Shanghai Phoenix Enterprise (Group) Co Annual Data
SHSE:900916 vs AS, HAS, LTH: ROC (Joel Greenblatt) % Comparison
For the Leisure subindustry, Shanghai Phoenix Enterprise (Group) 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.
Shanghai Phoenix Enterprise (Group) Co ROC (Joel Greenblatt) % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Shanghai Phoenix Enterprise (Group) Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Shanghai Phoenix Enterprise (Group) Co's ROC (Joel Greenblatt) % falls into.
Shanghai Phoenix Enterprise (Group) 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 15.45% mean?
Shanghai Phoenix Enterprise (Group) Co (SHSE:900916) has a ROC (Joel Greenblatt) % of 15.45% 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 Phoenix Enterprise (Group) Co and its competitors. This is 46% below median its historical median of 28.72. According to the industry distribution chart, Shanghai Phoenix Enterprise (Group) Co ranks #228 out of 847 companies in the Travel & Leisure industry, placing it in the top 26.9%.
Is Shanghai Phoenix Enterprise (Group) Co's ROC (Joel Greenblatt) % too high?
Shanghai Phoenix Enterprise (Group) Co's current ROC (Joel Greenblatt) % of 15.45% is 46% below median its 10-year median of 28.72. The Travel & Leisure industry median ROC (Joel Greenblatt) % is 10.59. Shanghai Phoenix Enterprise (Group) Co's value of 15.45% is 45.9% above this industry median. Based on the distribution chart, Shanghai Phoenix Enterprise (Group) Co ranks #228 out of 847 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Shanghai Phoenix Enterprise (Group) Co has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai Phoenix Enterprise (Group) Co's ROC (Joel Greenblatt) % compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Shanghai Phoenix Enterprise (Group) Co ranks #228 out of 847 companies for ROC (Joel Greenblatt) %. This puts Shanghai Phoenix Enterprise (Group) Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 10.59. Shanghai Phoenix Enterprise (Group) Co's value of 15.45% is 45.9% above this benchmark. While the company's 10-year median is 28.72 vs. the industry median of 10.59, Shanghai Phoenix Enterprise (Group) 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 Travel & Leisure company?
The median ROC (Joel Greenblatt) % among Travel & Leisure companies is 10.59, based on 847 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 Phoenix Enterprise (Group) Co's current ROC (Joel Greenblatt) % of 15.45% is 45.9% 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 Phoenix Enterprise (Group) Co and its competitors. For the Travel & Leisure industry, the median ROC (Joel Greenblatt) % is 10.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai Phoenix Enterprise (Group) Co's current ROC (Joel Greenblatt) % is 15.45%, which is 46% below median its own 10-year median of 28.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Phoenix Enterprise (Group) Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Phoenix Enterprise (Group) Co (SHSE:900916) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.40, compared to a current price of $0.52 — trading 30.5% above its estimated fair value. The current ROC (Joel Greenblatt) % is 15.45%, which is 46% below median its 10-year median of 28.72 and 45.9% above the Travel & Leisure industry median of 10.59. Shanghai Phoenix Enterprise (Group) Co's overall GF Score™ is 47/100 with 6 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 Phoenix Enterprise (Group) Co (SHSE:900916), the current ROC (Joel Greenblatt) % is 15.45% 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 Phoenix Enterprise (Group) Co (SHSE:900916) Overvalued in 2026?
Based on GuruFocus' analysis, Shanghai Phoenix Enterprise (Group) Co stock appears to be overvalued.
The current stock price of $0.52 is trading 30.5% above its estimated GF Value™ of $0.40.
GuruFocus considers Shanghai Phoenix Enterprise (Group) Co to be Significantly Overvalued.
Key valuation signals for SHSE:900916:
ROC (Joel Greenblatt) %: 15.45% (46% below median its 10-year median of 28.72)
GF Value™: $0.40 vs. price of $0.52 (30.5% above fair value)
Industry Position: 45.9% above the Travel & Leisure median (#228 of 847)
No single metric tells the full story. See the SHSE:900916 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shanghai Phoenix Enterprise (Group) Co Ltd designs, develops, manufactures, and sells bicycles under the Phoenix brand name in China. Its production and sales of Phoenix brand bicycle products not only exported to Europe and the United States and other international markets.
47GF Score
Get the complete analysis for SHSE:900916
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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