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Tianqi LithiumTQLCF 67 ROC (Joel Greenblatt) % is 59.73% as of Mar. 2026, which is 2% below its 10-year median of 60.79. GuruFocus rates TQLCF with a GF Score™ of 67/100 and a GF Value™ of $2.90 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,605 Chemicals companies, Tianqi Lithium ranks better than 85.73% 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. Tianqi Lithium's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 59.73%.
The historical rank and industry rank for Tianqi Lithium's ROC (Joel Greenblatt) % or its related term are showing as below:
TQLCF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -24.65 Med: 60.79 Max: 256.28
Current: 28.54
During the past 13 years, Tianqi Lithium's highest ROC (Joel Greenblatt) % was 256.28%. The lowest was -24.65%. And the median was 60.79%.
TQLCF's ROC (Joel Greenblatt) % is ranked better than 85.73% of 1605
companies
in the Chemicals industry
Industry Median: 9.72
vs TQLCF: 28.54
Tianqi Lithium's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.80% 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.
Tianqi Lithium ROC (Joel Greenblatt) % Related Terms
Tianqi Lithium ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Tianqi Lithium'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.
TQLCF vs LIN, SHW, ECL: ROC (Joel Greenblatt) % Comparison
For the Specialty Chemicals subindustry, Tianqi Lithium'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.
Tianqi Lithium ROC (Joel Greenblatt) % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Tianqi Lithium's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Tianqi Lithium'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 59.73% mean?
Tianqi Lithium (TQLCF) has a ROC (Joel Greenblatt) % of 59.73% 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 Tianqi Lithium and its competitors. This is near median its historical median of 60.79. According to the industry distribution chart, Tianqi Lithium ranks #229 out of 1605 companies in the Chemicals industry, placing it in the top 14.3%.
Is Tianqi Lithium's ROC (Joel Greenblatt) % too high?
Tianqi Lithium's current ROC (Joel Greenblatt) % of 59.73% is near median its 10-year median of 60.79. The Chemicals industry median ROC (Joel Greenblatt) % is 9.72. Tianqi Lithium's value of 59.73% is 514.5% above this industry median. Based on the distribution chart, Tianqi Lithium ranks #229 out of 1605 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Tianqi Lithium has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tianqi Lithium's ROC (Joel Greenblatt) % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Tianqi Lithium ranks #229 out of 1605 companies for ROC (Joel Greenblatt) %. This places Tianqi Lithium in the top 14% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 9.72. Tianqi Lithium's value of 59.73% is 514.5% above this benchmark. While the company's 10-year median is 60.79 vs. the industry median of 9.72, Tianqi Lithium 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 Chemicals company?
The median ROC (Joel Greenblatt) % among Chemicals companies is 9.72, based on 1,605 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. Tianqi Lithium's current ROC (Joel Greenblatt) % of 59.73% is 514.5% 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 Tianqi Lithium and its competitors. For the Chemicals industry, the median ROC (Joel Greenblatt) % is 9.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tianqi Lithium's current ROC (Joel Greenblatt) % is 59.73%, which is near median its own 10-year median of 60.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tianqi Lithium stock overvalued right now?
Based on GuruFocus' analysis, Tianqi Lithium (TQLCF) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.90, compared to a current price of $4.09 — trading 41% above its estimated fair value. The current ROC (Joel Greenblatt) % is 59.73%, which is near median its 10-year median of 60.79 and 514.5% above the Chemicals industry median of 9.72. Tianqi Lithium's overall GF Score™ is 67/100 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 Tianqi Lithium (TQLCF), the current ROC (Joel Greenblatt) % is 59.73% 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 Tianqi Lithium (TQLCF) Overvalued in 2026?
Based on GuruFocus' analysis, Tianqi Lithium stock appears to be overvalued.
The current stock price of $4.09 is trading 41% above its estimated GF Value™ of $2.90.
GuruFocus considers Tianqi Lithium to be Significantly Overvalued.
Key valuation signals for TQLCF:
ROC (Joel Greenblatt) %: 59.73% (near median its 10-year median of 60.79)
GF Value™: $2.90 vs. price of $4.09 (41% above fair value)
Industry Position: 514.5% above the Chemicals median (#229 of 1605)
No single metric tells the full story. See the TQLCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tianqi Lithium is a leading new energy materials company headquartered in Sichuan, China. The company is the largest producer of mined lithium globally in terms of output and is ranked third in terms of revenue generated from lithium, according to Wood Mackenzie. It is also the world's fourth largest and Asia's second largest lithium compound producer, as measured by production output, according to the same source. Tianqi is the only lithium producer in China that achieved 100% self-sufficiency and has fully vertically integrated lithium mines. The firm operates in critical stages of the lithium value chain, including: 1) mining of lithium ore and manufacturing of lithium concentrate; and 2) manufacturing of lithium compounds and derivatives.
67GF Score
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