ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Shine Justice's annualized return on capital (ROC %) for the quarter that ended in Dec. 2025 was 4.40%.
As of today (2026-06-26), Shine Justice's WACC % is 4.62%. Shine Justice's ROC % is 3.81% (calculated using TTM income statement data).
Shine Justice earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Shine Justice (ASX:SHJ) ROC % Explanation
ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.
There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.
Why is ROC % important?
Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.
As of today, Shine Justice's WACC % is 4.62%. Shine Justice's ROC % is 3.81% (calculated using TTM income statement data).
Shine Justice earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Be Aware
Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Shine Justice ROC % Related Terms
Shine Justice ROC % Historical Data
* Premium members only.
The historical data trend for Shine Justice's ROC % 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.
Note:
The Operating Income data used here is two times the semi-annual (Dec. 2025) data.
The tax rate is limited to between 0% and 100%.
* 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.
Shine Justice (ASX:SHJ) has a ROC % of 4.40% as of Dec. 2025. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Shine Justice and its competitors.
Is Shine Justice's ROC % too high?
Shine Justice's current ROC % is 4.40%. The Personal Services industry median ROC % is 3.69. Shine Justice's value of 4.40% is 19.4% above this industry median. Overall, Shine Justice has a GF Score™ of 49/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shine Justice's ROC % compare to ROL and SCI?
Shine Justice's ROC % of 4.40% can be compared against companies in the Personal Services industry. The industry median ROC % is 3.69. Shine Justice's value of 4.40% is 19.4% 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 % for a Personal Services company?
The median ROC % among Personal Services companies is 3.69, based on 98 companies in the industry. Companies in the top quartile (top 25%) have a ROC % significantly above this median, while those in the bottom quartile fall well below. However, ROC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Shine Justice's current ROC % of 4.40% is 19.4% 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 % mean?
A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Shine Justice and its competitors. For the Personal Services industry, the median ROC % is 3.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shine Justice's current ROC % is 4.40%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shine Justice stock overvalued right now?
Based on GuruFocus' analysis, Shine Justice (ASX:SHJ) is currently considered Modestly Undervalued. The stock's GF Value™ is A$0.73, compared to a current price of A$0.65 — trading 10.6% below its estimated fair value. The current ROC % is 4.40% and 19.4% above the Personal Services industry median of 3.69. Shine Justice's overall GF Score™ is 49/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC % calculated?
ROC % is calculated from a company's financial statements. For Shine Justice (ASX:SHJ), the current ROC % is 4.40% 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 Shine Justice (ASX:SHJ) Overvalued in 2026?
Based on GuruFocus' analysis, Shine Justice stock appears to be undervalued.
The current stock price of A$0.65 is trading 10.6% below its estimated GF Value™ of A$0.73.
GuruFocus considers Shine Justice to be Modestly Undervalued.
Key valuation signals for ASX:SHJ:
ROC %: 4.40%
GF Value™: A$0.73 vs. price of A$0.65 (10.6% below fair value)
Industry Position: 19.4% above the Personal Services median
No single metric tells the full story. See the ASX:SHJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shine Justice Ltd offers legal services. It operates through the following business segments: Personal injury and Class Actions. The firm generates the majority of its revenue from the Personal injury segment. Its Personal injury segment includes motor vehicle accidents, workers' compensation, public liability, catastrophic injuries, and Others. Its firm includes Shine Lawyers, Sciaccas Lawyers, Stephen Browne Personal Injury Lawyers, Bradley Bayly Lawyers, and Carr & Co Divorce and Family Lawyers.
49GF Score
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