VNET (VNET Group) Purchase Of Property, Plant, Equipment: $-1,296 Mil (TTM As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

VNET VNET Group Inc VNET
64 GF Score
Price $6.47
GF Value $7.45
Valuation Modestly Undervalued
! 8 Warning Signs
View Full Analysis

What is VNET Group Purchase Of Property, Plant, Equipment?

VNET Group VNET -3.72% 64 Purchase Of Property, Plant, Equipment is $-1,296 Mil as of Jun. 2026. GuruFocus rates VNET with a GF Score™ of 64/100 and a GF Value™ of $7.45 (Modestly Undervalued). The stock has 8 warning signs investors should review.

VNET Group's purchase of property, plant, equipment for the three months ended in Jun. 2026 was $-223 Mil. It means VNET Group spent $223 Mil on purchasing property, plant, equipment. VNET Group's purchase of property, plant, equipment for the trailing twelve months (TTM) ended in Jun. 2026 was $-1,296Mil.

Compared with last quarter ($-254 Mil in Mar. 2026 ), VNET Group spent less money on purchasing property, plant, equipment in Jun. 2026 ($-223 Mil).


VNET Group Purchase Of Property, Plant, Equipment Historical Data

* Premium members only.

The historical data trend for VNET Group's Purchase Of Property, Plant, Equipment 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.

VNET Group Purchase Of Property, Plant, Equipment Chart

VNET Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Purchase Of Property, Plant, Equipment
Get a 7-Day Free Trial Premium Member Only Premium Member Only -422.64 -429.68 -415.60 -676.27 -1,087.10

VNET Group Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Purchase Of Property, Plant, Equipment 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 -260.47 -306.64 -511.41 -254.27 -223.34
VNET
64GF Score
VNET Group Inc VNET
Purchase Of Property, Plant, Equipment is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

VNET Group Purchase Of Property, Plant, Equipment Calculation

The amount used to purchase PPE.

Purchase Of Property, Plant, Equipment for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1,296 Mil.

* 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 Purchase Of Property, Plant, Equipment of $-1,296 Mil mean?
VNET Group (VNET) has a Purchase Of Property, Plant, Equipment of $-1,296 Mil as of Jun. 2026. Purchase of PP&E is the total purchase of property, plant and equipment. View historical data for VNET Group and its competitors.
Is VNET Group's Purchase Of Property, Plant, Equipment too high?
VNET Group's current Purchase Of Property, Plant, Equipment is $-1,296 Mil. Overall, VNET Group has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does VNET Group's Purchase Of Property, Plant, Equipment compare to INOD and SHAZ?
VNET Group's Purchase Of Property, Plant, Equipment of $-1,296 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Purchase Of Property, Plant, Equipment for a Software company?
A good Purchase Of Property, Plant, Equipment depends on the Software industry context. However, Purchase Of Property, Plant, Equipment 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 Purchase Of Property, Plant, Equipment mean?
A high Purchase Of Property, Plant, Equipment can signal that a stock is expensive relative to its fundamentals. Purchase of PP&E is the total purchase of property, plant and equipment. View historical data for VNET Group and its competitors. VNET Group's current Purchase Of Property, Plant, Equipment is $-1,296 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VNET Group stock overvalued right now?
Based on GuruFocus' analysis, VNET Group (VNET) is currently considered Modestly Undervalued. The stock's GF Value™ is $7.45, compared to a current price of $6.47 — trading 13.2% below its estimated fair value. The current Purchase Of Property, Plant, Equipment is $-1,296 Mil. VNET Group's overall GF Score™ is 64/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Purchase Of Property, Plant, Equipment calculated?
Purchase Of Property, Plant, Equipment is calculated from a company's financial statements. For VNET Group (VNET), the current Purchase Of Property, Plant, Equipment is $-1,296 Mil as of Jun. 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 VNET Group (VNET) Overvalued in 2026?

Based on GuruFocus' analysis, VNET Group stock appears to be undervalued. The current stock price of $6.47 is trading 13.2% below its estimated GF Value™ of $7.45. GuruFocus considers VNET Group to be Modestly Undervalued.

Key valuation signals for VNET:

  • Purchase Of Property, Plant, Equipment: $-1,296 Mil
  • GF Value™: $7.45 vs. price of $6.47 (13.2% below fair value)
  • GF Score™: 64/100 with 8 warning signs

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


VNET Group Business Description

Other Exchanges 217A:Germany
Address No. 10 Jiuxianqiao East Road, Guanjie Building Southeast 1st Floor, Chaoyang District, Beijing, CHN, 100016
VNET started as AsiaCloud in 1999 and moved into the data center business, opening its first self-developed data center in 2010. The firm listed (as 21Vianet) on the Nasdaq in April 2011, subsequently changing its name to VNET Group in 2021. It originally focused on providing data center services such as colocation and cloud services to retail clients in China, but added hyperscale customers in 2019 and now counts large Chinese hyperscalers such as Alibaba Cloud, Tencent Cloud, and Huawei Cloud as customers. At the end of December 2025, it had 49,863 retail cabinets, with the majority in Beijing, Shanghai, and the Greater Bay area. It also had 889 MW of wholesale capacity in service, with a further 452 MW under construction and a further 840 MW held for future development.
64GF Score

Get the complete analysis for VNET

Purchase Of Property, Plant, Equipment is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$6.47
Price
$7.45
GF Value