Li Ning Co (FRA:LNL) ROCE %: 11.17% (As of Dec. 2025)


FRA:LNL Li Ning Co Ltd FRA:LNL
98 GF Score
Price €38.80
GF Value €54.07
! 3 Warning Signs
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What is Li Ning Co ROCE %?

Li Ning Co FRA:LNL -2.02% 98 ROCE % is 11.17% as of Dec. 2025. GuruFocus rates FRA:LNL with a GF Score™ of 98/100 and a GF Value™ of €54.07. 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. Li Ning Co's annualized ROCE % for the quarter that ended in Dec. 2025 was 11.17%.

Li Ning Co  (FRA:LNL) 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.

Li Ning Co ROCE % Related Terms

Li Ning Co ROCE % Historical Data

* Premium members only.

The historical data trend for Li Ning Co'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.

Li Ning Co ROCE % Chart

Li Ning Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 34.53 22.26 16.13 15.66 14.38

Li Ning Co Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
ROCE % 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 11.26 19.53 11.31 17.99 11.17
FRA:LNL
98GF Score
Li Ning Co Ltd FRA:LNL
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Li Ning Co ROCE % Calculation

Li Ning Co'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 )
=523.573/( ( (4683.825 - 995.039) + (4572.895 - 977.42) )/ 2 )
=523.573/( (3688.786+3595.475)/ 2 )
=523.573/3642.1305
=14.38 %

Li Ning Co's ROCE % of for the quarter that ended in Dec. 2025 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=396.812/( ( (4441.061 - 928.669) + (4572.895 - 977.42) )/ 2 )
=396.812/( ( 3512.392 + 3595.475 )/ 2 )
=396.812/3553.9335
=11.17 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 11.17% mean?
Li Ning Co (FRA:LNL) has a ROCE % of 11.17% as of Dec. 2025.
Is Li Ning Co's ROCE % too high?
Li Ning Co's current ROCE % is 11.17%. The Travel & Leisure industry median ROCE % is 6.08. Li Ning Co's value of 11.17% is 83.9% above this industry median. Overall, Li Ning Co has a GF Score™ of 98/100, reflecting its overall financial health beyond just this single metric.
How does Li Ning Co's ROCE % compare to AS and HAS?
Li Ning Co's ROCE % of 11.17% can be compared against companies in the Travel & Leisure industry. The industry median ROCE % is 6.08. Li Ning Co's value of 11.17% is 83.9% 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 Travel & Leisure company?
The median ROCE % among Travel & Leisure companies is 6.08, based on 838 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. Li Ning Co's current ROCE % of 11.17% is 83.9% 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 Travel & Leisure industry, the median ROCE % is 6.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Li Ning Co's current ROCE % is 11.17%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Li Ning Co stock overvalued right now?
Li Ning Co (FRA:LNL) has a current ROCE % of 11.17%. The stock's GF Value™ is €54.07, compared to a current price of €38.80 — trading 28.2% below its estimated fair value. The current ROCE % is 11.17% and 83.9% above the Travel & Leisure industry median of 6.08. Li Ning Co's overall GF Score™ is 98/100 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 Li Ning Co (FRA:LNL), the current ROCE % is 11.17% as of Dec. 2025. 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 Li Ning Co (FRA:LNL) Overvalued in 2026?

Based on GuruFocus' analysis, Li Ning Co stock appears to be undervalued. The current stock price of €38.80 is trading 28.2% below its estimated GF Value™ of €54.07.

Key valuation signals for FRA:LNL:

  • ROCE %: 11.17%
  • GF Value™: €54.07 vs. price of €38.80 (28.2% below fair value)
  • GF Score™: 98/100 with 3 warning signs
  • Industry Position: 83.9% above the Travel & Leisure median

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

Li Ning Co Business Description

Address No. 8 Xing Guang 5th Street, Beijing Economic-Technological Development Area, Tongzhou District, Beijing, CHN, 101111
Established in 1989, Li Ning is one of the largest sportswear companies in China. Headquartered in Beijing, Li Ning mainly sells professional and leisure footwear and apparel under the Li Ning brand. Despite having a single-brand strategy, Li Ning launched multiple sub-brands (such as China Li Ning and Li Ning 1990) to appeal to different demographics. As of the end of 2024, the company had 7,585 stores in China, of which 1,297 were directly operated, and the rest franchised.
98GF Score

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

€38.80
Price
€54.07
GF Value