JD.com (BUE:JD) ROCE %: 8.06% (As of Mar. 2026)

What is JD.com ROCE %?

JD.com BUE:JD -1.74% 67 ROCE % is 8.06% as of Mar. 2026. GuruFocus rates BUE:JD with a GF Score™ of 67/100 and a GF Value™ of ARS14,956.87 (Significantly Undervalued). The stock has 3 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. JD.com's annualized ROCE % for the quarter that ended in Mar. 2026 was 8.06%.

JD.com (BUE:JD) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

JD.com ROCE % Related Terms

JD.com ROCE % Historical Data

* Premium members only.

The historical data trend for JD.com's ROCE % 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.

JD.com ROCE % Chart

JD.com Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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-0.58

6.26

13.29

20.50

8.56

JD.com Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
ROCE %	Get a 7-Day Free Trial															14.49	8.00	8.07	-0.55	8.06

67GF Score

JD.com Inc BUE:JD

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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JD.com ROCE % Calculation

JD.com's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	5796310.848	/	( ( (96861062.81 - 41550429.217)	+	(143269611.672 - 63076457.864) )	/ 2 )
	=	5796310.848	/	( (55310633.593	+	80193153.808)	/ 2 )
	=	5796310.848	/	67751893.7005
	=	8.56 %

JD.com's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	6310270.616	/	( ( (143269611.672 - 63076457.864)	+	(139116878.491 - 62694315.786) )	/ 2 )
	=	6310270.616	/	( ( 80193153.808	+	76422562.705 )	/ 2 )
	=	6310270.616	/	78307858.2565
	=	8.06 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 8.06% mean?

JD.com (BUE:JD) has a ROCE % of 8.06% as of Mar. 2026.

Is JD.com's ROCE % too high?

JD.com's current ROCE % is 8.06%. The Retail - Cyclical industry median ROCE % is 7.58. JD.com's value of 8.06% is 6.3% above this industry median. Overall, JD.com has a GF Score™ of 67/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.

How does JD.com's ROCE % compare to CPNG and EBAY?

JD.com's ROCE % of 8.06% can be compared against companies in the Retail - Cyclical industry. The industry median ROCE % is 7.58. JD.com's value of 8.06% is 6.3% 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 ROCE % for a Retail - Cyclical company?

The median ROCE % among Retail - Cyclical companies is 7.58, based on 1,117 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. JD.com's current ROCE % of 8.06% is 6.3% 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 ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Retail - Cyclical industry, the median ROCE % is 7.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JD.com's current ROCE % is 8.06%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is JD.com stock overvalued right now?

Based on GuruFocus' analysis, JD.com (BUE:JD) is currently considered Significantly Undervalued. The stock's GF Value™ is ARS14,956.87, compared to a current price of ARS10,150.00 — trading 32.1% below its estimated fair value. The current ROCE % is 8.06% and 6.3% above the Retail - Cyclical industry median of 7.58. JD.com's overall GF Score™ is 67/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROCE % calculated?

ROCE % is calculated from a company's financial statements. For JD.com (BUE:JD), the current ROCE % is 8.06% 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 JD.com (BUE:JD) Overvalued in 2026?

Based on GuruFocus' analysis, JD.com stock appears to be undervalued. The current stock price of ARS10,150.00 is trading 32.1% below its estimated GF Value™ of ARS14,956.87. GuruFocus considers JD.com to be Significantly Undervalued.

Key valuation signals for BUE:JD:

ROCE %: 8.06%
GF Value™: ARS14,956.87 vs. price of ARS10,150.00 (32.1% below fair value)
GF Score™: 67/100 with 3 warning signs
Industry Position: 6.3% above the Retail - Cyclical median

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

JD.com Business Description

Industry Consumer Cyclical Retail - Cyclical

Comparable Companies CPNG EBAY SE W CART CHWY DASH VIPS ETSY GLBE AMZN BABA PDD XAMS:PRX MELI HKSE:03690 JSE:NPN BOM:543320 TSE:4689 XTER:DHER

Other Exchanges JDCMF:USA JD:USA HJDD:Singapore JD N:Mexico 09618:Hong Kong 0JOQ:UK 013C:Germany JDCO34:Brazil 013A:Bulgaria JD:Austria

Address No. 18 Kechuang 11 Street, 20th Floor, Building A, Yizhuang Economic & Technological Development Zone, Daxing District, Beijing, CHN, 101111

Website https://www.jd.com

JD.com is the third-largest Chinese e-commerce platform by gross merchandise volume in 2025. It offers a wide selection of authentic products with speedy and reliable delivery. The company has built its own nationwide fulfilment infrastructure and last-mile delivery network, staffed by its own employees, which supports both its online direct sales, its online marketplace, and omnichannel businesses.

67GF Score

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

ARS10,150.00

Price

ARS14,956.87

GF Value

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