Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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 Petrochemical Development's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -0.41%.
The historical rank and industry rank for China Petrochemical Development's ROC (Joel Greenblatt) % or its related term are showing as below:
TPE:1314'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -8.67 Med: 1.8 Max: 34.38
Current: -2.25
During the past 13 years, China Petrochemical Development's highest ROC (Joel Greenblatt) % was 34.38%. The lowest was -8.67%. And the median was 1.80%.
TPE:1314's ROC (Joel Greenblatt) % is ranked worse than 80.24% of 1604
companies
in the Chemicals industry
Industry Median: 9.645
vs TPE:1314: -2.25
China Petrochemical Development (TPE:1314) 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 Petrochemical Development ROC (Joel Greenblatt) % Chart
TPE:1314 vs LIN, SHW, ECL: ROC (Joel Greenblatt) % Comparison
For the Specialty Chemicals subindustry, China Petrochemical Development'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 Petrochemical Development ROC (Joel Greenblatt) % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, China Petrochemical Development's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where China Petrochemical Development's ROC (Joel Greenblatt) % falls into.
China Petrochemical Development 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 -0.41% mean?
China Petrochemical Development (TPE:1314) has a ROC (Joel Greenblatt) % of -0.41% 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 China Petrochemical Development and its competitors. According to the industry distribution chart, China Petrochemical Development ranks #1287 out of 1604 companies in the Chemicals industry, placing it in the top 80.2%.
Is China Petrochemical Development's ROC (Joel Greenblatt) % too high?
China Petrochemical Development's current ROC (Joel Greenblatt) % is -0.41%. Based on the distribution chart, China Petrochemical Development ranks #1287 out of 1604 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, China Petrochemical Development has a GF Score™ of 60/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does China Petrochemical Development's ROC (Joel Greenblatt) % compare to LIN and SHW?
According to the Chemicals industry distribution chart, China Petrochemical Development ranks #1287 out of 1604 companies for ROC (Joel Greenblatt) %. This places China Petrochemical Development in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 9.65. 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 9.65, based on 1,604 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 China Petrochemical Development and its competitors. For the Chemicals industry, the median ROC (Joel Greenblatt) % is 9.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Petrochemical Development's current ROC (Joel Greenblatt) % is -0.41%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Petrochemical Development stock overvalued right now?
Based on GuruFocus' analysis, China Petrochemical Development (TPE:1314) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$5.97, compared to a current price of NT$7.37 — trading 23.5% above its estimated fair value. The current ROC (Joel Greenblatt) % is -0.41%. China Petrochemical Development's overall GF Score™ is 60/100 with 5 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 Petrochemical Development (TPE:1314), the current ROC (Joel Greenblatt) % is -0.41% 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 China Petrochemical Development (TPE:1314) Overvalued in 2026?
Based on GuruFocus' analysis, China Petrochemical Development stock appears to be overvalued.
The current stock price of NT$7.37 is trading 23.5% above its estimated GF Value™ of NT$5.97.
GuruFocus considers China Petrochemical Development to be Modestly Overvalued.
Key valuation signals for TPE:1314:
ROC (Joel Greenblatt) %: -0.41%
GF Value™: NT$5.97 vs. price of NT$7.37 (23.5% above fair value)
No single metric tells the full story. See the TPE:1314 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Petrochemical Development Corp manufactures and sells a variety of chemicals and chemical-based products. The company organizes itself into two reportable segments based on product type: the Acrylonitrile & Acetic Acid segment and the Caprolactam segment. The caprolactam segment, which generates the majority of the revenue of the two segments, involves the sales of textiles, plastic automotive parts, packaging films, conveyor belts, ropes, and fishing lines. The acrylonitrile sells acrylic fibers, a plastic used for home appliance casings and tools, and water treatment products. The products of nylon pellets include fiber nylon pellets and engineering plastic nylon pellets.
60GF Score
Get the complete analysis for TPE:1314
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TPE:1314 has been successfully added to your 
