Tianjin Development HoldingsTJSCF -4.56%68 ROC (Joel Greenblatt) % is 16.95% as of Dec. 2025, which is 28% below its 10-year median of 23.58. GuruFocus rates TJSCF with a GF Score™ of 68/100 and a GF Value™ of $0.19. The stock has 4 warning signs investors should review. Among 562 Conglomerates companies, Tianjin Development Holdings ranks better than 79.18% on this metric.
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. Tianjin Development Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 16.95%.
The historical rank and industry rank for Tianjin Development Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
TJSCF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 12.25 Med: 23.58 Max: 48.09
Current: 40.88
During the past 13 years, Tianjin Development Holdings's highest ROC (Joel Greenblatt) % was 48.09%. The lowest was 12.25%. And the median was 23.58%.
TJSCF's ROC (Joel Greenblatt) % is ranked better than 79.18% of 562
companies
in the Conglomerates industry
Industry Median: 14.7
vs TJSCF: 40.88
Tianjin Development Holdings (OTCPK:TJSCF) 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.
Tianjin Development Holdings ROC (Joel Greenblatt) % Chart
TJSCF vs HON, MMM: ROC (Joel Greenblatt) % Comparison
For the Conglomerates subindustry, Tianjin Development Holdings'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.
Tianjin Development Holdings ROC (Joel Greenblatt) % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Tianjin Development Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Tianjin Development Holdings's ROC (Joel Greenblatt) % falls into.
Tianjin Development Holdings 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 two times the semi-annual (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 16.95% mean?
Tianjin Development Holdings (TJSCF) has a ROC (Joel Greenblatt) % of 16.95% 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 Tianjin Development Holdings and its competitors. This is 28% below median its historical median of 23.58. Over the past decade, Tianjin Development Holdings' ROC (Joel Greenblatt) % has ranged from 12.25 to 48.09. According to the industry distribution chart, Tianjin Development Holdings ranks #117 out of 562 companies in the Conglomerates industry, placing it in the top 20.8%.
Is Tianjin Development Holdings' ROC (Joel Greenblatt) % too high?
Tianjin Development Holdings' current ROC (Joel Greenblatt) % of 16.95% is 28% below median its 10-year median of 23.58. Over the past 10 years, this metric has ranged from a low of 12.25 to a high of 48.09. The Conglomerates industry median ROC (Joel Greenblatt) % is 14.70. Tianjin Development Holdings' value of 16.95% is 15.3% above this industry median. Based on the distribution chart, Tianjin Development Holdings ranks #117 out of 562 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Tianjin Development Holdings has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does Tianjin Development Holdings' ROC (Joel Greenblatt) % compare to HON and MMM?
According to the Conglomerates industry distribution chart, Tianjin Development Holdings ranks #117 out of 562 companies for ROC (Joel Greenblatt) %. This places Tianjin Development Holdings in the top 21% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 14.70. Tianjin Development Holdings' value of 16.95% is 15.3% above this benchmark. Historically, Tianjin Development Holdings' own ROC (Joel Greenblatt) % has ranged from 12.25 to 48.09 over the past decade. While the company's 10-year median is 23.58 vs. the industry median of 14.70, Tianjin Development Holdings 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 Conglomerates company?
The median ROC (Joel Greenblatt) % among Conglomerates companies is 14.70, based on 562 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. Tianjin Development Holdings's current ROC (Joel Greenblatt) % of 16.95% is 15.3% 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 Tianjin Development Holdings and its competitors. For the Conglomerates industry, the median ROC (Joel Greenblatt) % is 14.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tianjin Development Holdings's current ROC (Joel Greenblatt) % is 16.95%, which is 28% below median its own 10-year median of 23.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tianjin Development Holdings stock overvalued right now?
Tianjin Development Holdings (TJSCF) has a current ROC (Joel Greenblatt) % of 16.95%. The stock's GF Value™ is $0.19, compared to a current price of $0.23 — trading 22.4% above its estimated fair value. The current ROC (Joel Greenblatt) % is 16.95%, which is 28% below median its 10-year median of 23.58 and 15.3% above the Conglomerates industry median of 14.70. Tianjin Development Holdings' overall GF Score™ is 68/100 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 Tianjin Development Holdings (TJSCF), the current ROC (Joel Greenblatt) % is 16.95% 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 Tianjin Development Holdings (TJSCF) Overvalued in 2026?
Based on GuruFocus' analysis, Tianjin Development Holdings stock appears to be overvalued.
The current stock price of $0.23 is trading 22.4% above its estimated GF Value™ of $0.19.
Key valuation signals for TJSCF:
ROC (Joel Greenblatt) %: 16.95% (28% below median its 10-year median of 23.58)
GF Value™: $0.19 vs. price of $0.23 (22.4% above fair value)
Industry Position: 15.3% above the Conglomerates median (#117 of 562)
No single metric tells the full story. See the TJSCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tianjin Development Holdings Ltd is a Chinese conglomerate engaged in utilities and various other services. It operates through the following segments: The Utilities segment distributes electricity, water, heat, and thermal power to industrial, commercial, and residential customers. Pharmaceutical segment manufactures and sells pharmaceutical products and provides pharmaceutical research and development, and pharmaceutical packaging. The Hotels segment manages hotels. The Electrical and Mechanical segment manufactures and sells presses, mechanical and hydroelectric equipment, and large-scale pump units. The Port Services segment offers port services. The Elevators and Escalators segment manufactures and sells elevators and escalators. Key revenue for the company is derived from the PRC.
68GF Score
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