ZTO (ZTO Express (Cayman)) Accumulated Depreciation: $0 Mil (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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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.

ZTO ZTO Express (Cayman) Inc ZTO
94 GF Score
Price $21.51
GF Value $29.17
Valuation Modestly Undervalued
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What is ZTO Express (Cayman) Accumulated Depreciation?

ZTO Express (Cayman) ZTO -7.00% 94 Accumulated Depreciation is $0 Mil as of Mar. 2026. GuruFocus rates ZTO with a GF Score™ of 94/100 and a GF Value™ of $29.17 (Modestly Undervalued).

Note: A negative number here means the assets are depreciated. When depricates more, the absolute value gets bigger.

ZTO Express (Cayman)'s quarterly accumulated depreciation increased from Sep. 2025 ($0 Mil) to Dec. 2025 ($-2,232 Mil) but then stayed the same from Dec. 2025 ($-2,232 Mil) to Mar. 2026 ($0 Mil).

ZTO Express (Cayman)'s annual accumulated depreciation increased from Dec. 2023 ($-1,540 Mil) to Dec. 2024 ($-1,822 Mil) and increased from Dec. 2024 ($-1,822 Mil) to Dec. 2025 ($-2,232 Mil).

ZTO Express (Cayman) Accumulated Depreciation Related Terms

ZTO Express (Cayman) Accumulated Depreciation Historical Data

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The historical data trend for ZTO Express (Cayman)'s Accumulated Depreciation 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.

ZTO Express (Cayman) Accumulated Depreciation Chart

ZTO Express (Cayman) Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Accumulated Depreciation
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1,015.56 -1,256.44 -1,539.65 -1,821.88 -2,232.14

ZTO Express (Cayman) Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Accumulated Depreciation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 -2,028.50 0.00 -2,232.14 0.00
ZTO
94GF Score
ZTO Express (Cayman) Inc ZTO
Accumulated Depreciation is just one metric. See GF Score™, valuation, warning signs, and more.
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ZTO Express (Cayman) Accumulated Depreciation Calculation

The cumulative depreciation of an asset up to a single point in its life. Regardless of the method used to calculate it, the depreciation of an asset during a single period is added to the previous period's accumulated depreciation to get the current accumulated depreciation.

What does a Accumulated Depreciation of $0 Mil mean?
ZTO Express (Cayman) (ZTO) has a Accumulated Depreciation of $0 Mil as of Mar. 2026. Accumulated depreciation is a contra-asset item that accounts for the decline in value of long-term assets. View historical data on ZTO Express (Cayman) and its competitors.
Is ZTO Express (Cayman)'s Accumulated Depreciation too high?
ZTO Express (Cayman)'s current Accumulated Depreciation is $0 Mil. Overall, ZTO Express (Cayman) has a GF Score™ of 94/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ZTO Express (Cayman)'s Accumulated Depreciation compare to CHRW and EXPD?
ZTO Express (Cayman)'s Accumulated Depreciation of $0 Mil can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accumulated Depreciation for a Transportation company?
A good Accumulated Depreciation depends on the Transportation industry context. However, Accumulated Depreciation 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 Accumulated Depreciation mean?
A high Accumulated Depreciation can signal that a stock is expensive relative to its fundamentals. Accumulated depreciation is a contra-asset item that accounts for the decline in value of long-term assets. View historical data on ZTO Express (Cayman) and its competitors. ZTO Express (Cayman)'s current Accumulated Depreciation is $0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ZTO Express (Cayman) stock overvalued right now?
Based on GuruFocus' analysis, ZTO Express (Cayman) (ZTO) is currently considered Modestly Undervalued. The stock's GF Value™ is $29.17, compared to a current price of $21.51 — trading 26.3% below its estimated fair value. The current Accumulated Depreciation is $0 Mil. ZTO Express (Cayman)'s overall GF Score™ is 94/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accumulated Depreciation calculated?
Accumulated Depreciation is calculated from a company's financial statements. For ZTO Express (Cayman) (ZTO), the current Accumulated Depreciation is $0 Mil 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 ZTO Express (Cayman) (ZTO) Overvalued in 2026?

Based on GuruFocus' analysis, ZTO Express (Cayman) stock appears to be undervalued. The current stock price of $21.51 is trading 26.3% below its estimated GF Value™ of $29.17. GuruFocus considers ZTO Express (Cayman) to be Modestly Undervalued.

Key valuation signals for ZTO:

  • Accumulated Depreciation: $0 Mil
  • GF Value™: $29.17 vs. price of $21.51 (26.3% below fair value)
  • GF Score™: 94/100

No single metric tells the full story. See the ZTO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

ZTO Express (Cayman) Business Description

Address No. 1685 Huazhi Road, Building One, Qingpu District, Shanghai, CHN, 201708
ZTO Express is China's largest express delivery company by parcel volume, with a volume share of 19.4% in 2024. It operates a network partner model where it provides line-haul transportation and sorting services, while its local network partners provide first-mile pickup and last-mile delivery services under the ZTO brand name. Headquartered in Shanghai, the company was founded in 2002 by Meisong Lai, who remains chair, CEO, and its major shareholder with 78% voting rights as of March 31, 2025. ZTO's strategic shareholder is leading China e-commerce company Alibaba Group with around an 8.9% interest.
94GF Score

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Accumulated Depreciation is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$21.51
Price
$29.17
GF Value