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. China Petroleum & Chemical's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 1.47%.
The historical rank and industry rank for China Petroleum & Chemical's ROC (Joel Greenblatt) % or its related term are showing as below:
SNPMF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.79 Med: 9.91 Max: 13.43
Current: 1.79
During the past 13 years, China Petroleum & Chemical's highest ROC (Joel Greenblatt) % was 13.43%. The lowest was 1.79%. And the median was 9.91%.
SNPMF's ROC (Joel Greenblatt) % is ranked worse than 64.6% of 1000
companies
in the Oil & Gas industry
Industry Median: 8.415
vs SNPMF: 1.79
China Petroleum & Chemical (OTCPK:SNPMF) 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.
China Petroleum & Chemical ROC (Joel Greenblatt) % Chart
SNPMF vs XOM, CVX: ROC (Joel Greenblatt) % Comparison
For the Oil & Gas Integrated subindustry, China Petroleum & Chemical'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.
China Petroleum & Chemical ROC (Joel Greenblatt) % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, China Petroleum & Chemical's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where China Petroleum & Chemical's ROC (Joel Greenblatt) % falls into.
China Petroleum & Chemical 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 (Dec. 2025) 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 1.47% mean?
China Petroleum & Chemical (SNPMF) has a ROC (Joel Greenblatt) % of 1.47% as of Dec. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on China Petroleum & Chemical and its competitors. This is 85% below median its historical median of 9.91. Over the past decade, China Petroleum & Chemical's ROC (Joel Greenblatt) % has ranged from 1.79 to 13.43. According to the industry distribution chart, China Petroleum & Chemical ranks #646 out of 1000 companies in the Oil & Gas industry, placing it in the top 64.6%.
Is China Petroleum & Chemical's ROC (Joel Greenblatt) % too high?
China Petroleum & Chemical's current ROC (Joel Greenblatt) % of 1.47% is 85% below median its 10-year median of 9.91. Over the past 10 years, this metric has ranged from a low of 1.79 to a high of 13.43. The Oil & Gas industry median ROC (Joel Greenblatt) % is 8.42. China Petroleum & Chemical's value of 1.47% is 82.5% below this industry median. Based on the distribution chart, China Petroleum & Chemical ranks #646 out of 1000 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, China Petroleum & Chemical has a GF Scoreâ„¢ of 49/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does China Petroleum & Chemical's ROC (Joel Greenblatt) % compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, China Petroleum & Chemical ranks #646 out of 1000 companies for ROC (Joel Greenblatt) %. This places China Petroleum & Chemical in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 8.42. China Petroleum & Chemical's value of 1.47% is 82.5% below this benchmark. Historically, China Petroleum & Chemical's own ROC (Joel Greenblatt) % has ranged from 1.79 to 13.43 over the past decade. While the company's 10-year median is 9.91 vs. the industry median of 8.42, China Petroleum & Chemical has consistently been below 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 an Oil & Gas company?
The median ROC (Joel Greenblatt) % among Oil & Gas companies is 8.42, based on 1,000 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. China Petroleum & Chemical's current ROC (Joel Greenblatt) % of 1.47% is 82.5% below 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 China Petroleum & Chemical and its competitors. For the Oil & Gas industry, the median ROC (Joel Greenblatt) % is 8.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Petroleum & Chemical's current ROC (Joel Greenblatt) % is 1.47%, which is 85% below median its own 10-year median of 9.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Petroleum & Chemical stock overvalued right now?
Based on GuruFocus' analysis, China Petroleum & Chemical (SNPMF) is currently considered Fairly Valued. The stock's GF Value™ is $0.51, compared to a current price of $0.56 — trading 10.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 1.47%, which is 85% below median its 10-year median of 9.91 and 82.5% below the Oil & Gas industry median of 8.42. China Petroleum & Chemical's overall GF Score™ is 49/100 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 China Petroleum & Chemical (SNPMF), the current ROC (Joel Greenblatt) % is 1.47% as of Dec. 2025. 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 China Petroleum & Chemical (SNPMF) Overvalued in 2026?
Based on GuruFocus' analysis, China Petroleum & Chemical stock appears to be overvalued.
The current stock price of $0.56 is trading 10.1% above its estimated GF Value™ of $0.51.
GuruFocus considers China Petroleum & Chemical to be Fairly Valued.
Key valuation signals for SNPMF:
ROC (Joel Greenblatt) %: 1.47% (85% below median its 10-year median of 9.91)
GF Value™: $0.51 vs. price of $0.56 (10.1% above fair value)
Industry Position: 82.5% below the Oil & Gas median (#646 of 1000)
No single metric tells the full story. See the SNPMF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Petroleum & Chemical, or Sinopec, is one of China's national oil companies and one of Asian's largest integrated oil companies in revenue. Its income is derived primarily from refining and marketing of oil products and petrochemical production. Sinopec has China's largest petrol station network with over 30,000 stations and enjoys a significant market share in petrochemicals. Established in 2000 by China Petrochemical Corporation, a stateowned enterprise and majority shareholder, the company also owns oil and gas assets in Shandong and Sichuan provinces. It has a smaller global upstream presence than its peers, PetroChina and CNOOC. In 2025, Sinopec's production of oil and gas equivalent was 525.28 million barrels. The firm also processed 250.33 million metric tons of crude oil.
49GF Score
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