Vipshop Holdings (MEX:VIPS N) Construction In Progress: MXN21 Mil (As of Mar. 2026)


MEX:VIPS N Vipshop Holdings Ltd MEX:VIPS N
69 GF Score
Price MXN235.00
GF Value MXN302.85
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Vipshop Holdings Construction In Progress?

Vipshop Holdings MEX:VIPS N 69 Construction In Progress is MXN21 Mil as of Mar. 2026. GuruFocus rates MEX:VIPS N with a GF Score™ of 69/100 and a GF Value™ of MXN302.85 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Vipshop Holdings's quarterly construction in progress increased from Sep. 2025 (MXN27 Mil) to Dec. 2025 (MXN533 Mil) but then declined from Dec. 2025 (MXN533 Mil) to Mar. 2026 (MXN21 Mil).

Vipshop Holdings's annual construction in progress declined from Dec. 2023 (MXN3,101 Mil) to Dec. 2024 (MXN2,192 Mil) and declined from Dec. 2024 (MXN2,192 Mil) to Dec. 2025 (MXN533 Mil).

Vipshop Holdings Construction In Progress Historical Data

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The historical data trend for Vipshop Holdings'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.

Vipshop Holdings Construction In Progress Chart

Vipshop Holdings 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 4,634.70 4,980.42 3,101.49 2,192.30 532.81

Vipshop Holdings 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 482.06 27.31 27.43 532.81 20.97
MEX:VIPS N
69GF Score
Vipshop Holdings Ltd MEX:VIPS N
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Vipshop Holdings 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 MXN21 Mil mean?
Vipshop Holdings (MEX:VIPS N) has a Construction In Progress of MXN21 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Vipshop Holdings and its competitors.
Is Vipshop Holdings' Construction In Progress too high?
Vipshop Holdings' current Construction In Progress is MXN21 Mil. Overall, Vipshop Holdings has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vipshop Holdings' Construction In Progress compare to GLBE and ETSY?
Vipshop Holdings' Construction In Progress of MXN21 Mil can be compared against companies in the Retail - Cyclical 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 a Retail - Cyclical company?
A good Construction In Progress depends on the Retail - Cyclical 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 Vipshop Holdings and its competitors. Vipshop Holdings's current Construction In Progress is MXN21 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vipshop Holdings stock overvalued right now?
Based on GuruFocus' analysis, Vipshop Holdings (MEX:VIPS N) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN302.85, compared to a current price of MXN235.00 — trading 22.4% below its estimated fair value. The current Construction In Progress is MXN21 Mil. Vipshop Holdings' overall GF Score™ is 69/100 with 2 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 Vipshop Holdings (MEX:VIPS N), the current Construction In Progress is MXN21 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 Vipshop Holdings (MEX:VIPS N) Overvalued in 2026?

Based on GuruFocus' analysis, Vipshop Holdings stock appears to be undervalued. The current stock price of MXN235.00 is trading 22.4% below its estimated GF Value™ of MXN302.85. GuruFocus considers Vipshop Holdings to be Modestly Undervalued.

Key valuation signals for MEX:VIPS N:

  • Construction In Progress: MXN21 Mil
  • GF Value™: MXN302.85 vs. price of MXN235.00 (22.4% below fair value)
  • GF Score™: 69/100 with 2 warning signs

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

Vipshop Holdings Business Description

Address 128 Dingxin Road, Haizhu District, Guangdong Province, Guangzhou, CHN, 510220
Vipshop is a leading Chinese online discount retailer offering branded products at attractive discounts of 10%-90% off their original price through daily flash sales. It operates warehousing, retailing, product procurement, software development, and information technology support in-house while outsourcing to third-party logistics providers for distribution and shipments. Branded products on Vipshop's platform are sourced mostly through a consignment model with global brand partners. As of March 31, 2025, Eric Ya Shen, chair and CEO, had 64.5% voting rights. Leading Chinese social media firm and strategic shareholder Tencent also holds a 12.5% interest.
69GF Score

Get the complete analysis for MEX:VIPS N

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

MXN235.00
Price
MXN302.85
GF Value