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.
Zhibao TechnologyZBAO -0.98%8 ROC (Joel Greenblatt) % is 123.03% as of Dec. 2025. GuruFocus rates ZBAO with a GF Score™ of 8/100. The stock has 5 warning signs investors should review. Among 63 Insurance companies, Zhibao Technology ranks worse than 90.48% 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. Zhibao Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 123.03%.
The historical rank and industry rank for Zhibao Technology's ROC (Joel Greenblatt) % or its related term are showing as below:
ZBAO'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -331.42 Med: -163.48 Max: 109.23
Current: -214.84
During the past 5 years, Zhibao Technology's highest ROC (Joel Greenblatt) % was 109.23%. The lowest was -331.42%. And the median was -163.48%.
ZBAO's ROC (Joel Greenblatt) % is ranked worse than 90.48% of 63
companies
in the Insurance industry
Industry Median: 75.27
vs ZBAO: -214.84
Zhibao Technology's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% 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.
Zhibao Technology ROC (Joel Greenblatt) % Related Terms
Zhibao Technology ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Zhibao Technology'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.
ZBAO vs GOCOQ, EZRA, HUIZ: ROC (Joel Greenblatt) % Comparison
For the Insurance Brokers subindustry, Zhibao Technology'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.
Zhibao Technology ROC (Joel Greenblatt) % vs Insurance Industry
For the Insurance industry and Financial Services sector, Zhibao Technology's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Zhibao Technology'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 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 123.03% mean?
Zhibao Technology (ZBAO) has a ROC (Joel Greenblatt) % of 123.03% 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 Zhibao Technology and its competitors. According to the industry distribution chart, Zhibao Technology ranks #57 out of 63 companies in the Insurance industry, placing it in the top 90.5%.
Is Zhibao Technology's ROC (Joel Greenblatt) % too high?
Zhibao Technology's current ROC (Joel Greenblatt) % is 123.03%. The Insurance industry median ROC (Joel Greenblatt) % is 75.27. Zhibao Technology's value of 123.03% is 63.5% above this industry median. Based on the distribution chart, Zhibao Technology ranks #57 out of 63 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Zhibao Technology has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Zhibao Technology's ROC (Joel Greenblatt) % compare to GOCOQ and EZRA?
According to the Insurance industry distribution chart, Zhibao Technology ranks #57 out of 63 companies for ROC (Joel Greenblatt) %. This places Zhibao Technology in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 75.27. Zhibao Technology's value of 123.03% is 63.5% above this benchmark. 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 Insurance company?
The median ROC (Joel Greenblatt) % among Insurance companies is 75.27, based on 63 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. Zhibao Technology's current ROC (Joel Greenblatt) % of 123.03% is 63.5% 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 Zhibao Technology and its competitors. For the Insurance industry, the median ROC (Joel Greenblatt) % is 75.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhibao Technology's current ROC (Joel Greenblatt) % is 123.03%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhibao Technology stock overvalued right now?
Zhibao Technology (ZBAO) has a current ROC (Joel Greenblatt) % of 123.03%. The current ROC (Joel Greenblatt) % is 123.03% and 63.5% above the Insurance industry median of 75.27. Zhibao Technology's overall GF Score™ is 8/100 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 Zhibao Technology (ZBAO), the current ROC (Joel Greenblatt) % is 123.03% 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.
Zhibao Technology Inc is an insurance technology company providing digital insurance brokerage services in China. The Company operates a 2B2C digital embedded insurance business model, which it pioneered in China, and provides managing general underwriter (MGU) services to insurance companies, including product design, underwriting, reinsurance, claims, and risk control within specific product or market segments. It offers customized digital insurance solutions for B-side channels, including Internet platforms, enterprises, and government agencies, by embedding insurance products into existing business platforms and providing digital insurance brokerage services to C-end customers.
8GF Score
Get the complete analysis for ZBAO
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
ZBAO has been successfully added to your 
