MingYang Smart Energy Group (LSE:MYSE) Construction In Progress: $481 Mil (As of Mar. 2026)


LSE:MYSE MingYang Smart Energy Group Ltd LSE:MYSE
77 GF Score
Price $11.70
GF Value $17.22
Valuation Possible Value Trap
! 10 Warning Signs
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What is MingYang Smart Energy Group Construction In Progress?

MingYang Smart Energy Group LSE:MYSE 77 Construction In Progress is $481 Mil as of Mar. 2026. GuruFocus rates LSE:MYSE with a GF Score™ of 77/100 and a GF Value™ of $17.22 (Possible Value Trap). The stock has 10 warning signs investors should review.

MingYang Smart Energy Group's quarterly construction in progress increased from Sep. 2025 ($421 Mil) to Dec. 2025 ($447 Mil) and increased from Dec. 2025 ($447 Mil) to Mar. 2026 ($481 Mil).

MingYang Smart Energy Group's annual construction in progress declined from Dec. 2023 ($1,229 Mil) to Dec. 2024 ($685 Mil) and declined from Dec. 2024 ($685 Mil) to Dec. 2025 ($447 Mil).

MingYang Smart Energy Group Construction In Progress Historical Data

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The historical data trend for MingYang Smart Energy Group's Construction In Progress 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.

MingYang Smart Energy Group Construction In Progress Chart

MingYang Smart Energy Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 218.02 804.22 1,229.28 685.19 446.57

MingYang Smart Energy Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress 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 518.29 580.07 420.94 446.57 481.34
LSE:MYSE
77GF Score
MingYang Smart Energy Group Ltd LSE:MYSE
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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MingYang Smart Energy Group Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of $481 Mil mean?
MingYang Smart Energy Group (LSE:MYSE) has a Construction In Progress of $481 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on MingYang Smart Energy Group and its competitors.
Is MingYang Smart Energy Group's Construction In Progress too high?
MingYang Smart Energy Group's current Construction In Progress is $481 Mil. Overall, MingYang Smart Energy Group has a GF Score™ of 77/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does MingYang Smart Energy Group's Construction In Progress compare to GEV and ETN?
MingYang Smart Energy Group's Construction In Progress of $481 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for an Industrial Products company?
A good Construction In Progress depends on the Industrial Products industry context. However, Construction In Progress 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 Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on MingYang Smart Energy Group and its competitors. MingYang Smart Energy Group's current Construction In Progress is $481 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MingYang Smart Energy Group stock overvalued right now?
Based on GuruFocus' analysis, MingYang Smart Energy Group (LSE:MYSE) is currently considered Possible Value Trap. The stock's GF Value™ is $17.22, compared to a current price of $11.70 — trading 32.1% below its estimated fair value. The current Construction In Progress is $481 Mil. MingYang Smart Energy Group's overall GF Score™ is 77/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For MingYang Smart Energy Group (LSE:MYSE), the current Construction In Progress is $481 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 MingYang Smart Energy Group (LSE:MYSE) Overvalued in 2026?

Based on GuruFocus' analysis, MingYang Smart Energy Group stock appears to be undervalued. The current stock price of $11.70 is trading 32.1% below its estimated GF Value™ of $17.22. GuruFocus considers MingYang Smart Energy Group to be Possible Value Trap.

Key valuation signals for LSE:MYSE:

  • Construction In Progress: $481 Mil
  • GF Value™: $17.22 vs. price of $11.70 (32.1% below fair value)
  • GF Score™: 77/100 with 10 warning signs

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

MingYang Smart Energy Group Business Description

Other Exchanges 601615:China
Address No. 22 Huoju Road, Mingyang Industrial Park, Zhongshan Torch High-tech Industrial Development Z, Zhongshan, Guangdong, CHN, 528400
MingYang Smart Energy Group Ltd is a wind turbine manufacturer that provides accessible green and smart energy and a full lifecycle renewable solutions provider. The Group's business is divided into segments namely High-end energy equipment manufacturing sector, wind turbine equipment manufacturing and sales, Operation and maintenance services and photovoltaic products manufacturing and sales; and Energy products and services sector includes construction, management, and operation of energy investment projects, power demand side management, energy efficiency management.
77GF Score

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

$11.70
Price
$17.22
GF Value