VNET Group (HAM:217A) ROCE %: 3.17% (As of Mar. 2026)

What is VNET Group ROCE %?

VNET Group HAM:217A -10.28% 54 ROCE % is 3.17% as of Mar. 2026. GuruFocus rates HAM:217A with a GF Score™ of 54/100 and a GF Value™ of €3.60. The stock has 8 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. VNET Group's annualized ROCE % for the quarter that ended in Mar. 2026 was 3.17%.

VNET Group (HAM:217A) 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.

VNET Group ROCE % Related Terms

VNET Group ROCE % Historical Data

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The historical data trend for VNET Group'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.

VNET Group ROCE % Chart

VNET Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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6.69

-1.83

-10.69

4.21

3.56

VNET Group 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															-1.08	3.61	-1.38	11.73	3.17

54GF Score

VNET Group Inc HAM:217A

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

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VNET Group ROCE % Calculation

VNET Group'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 )
	=	123.171	/	( ( (4244.231 - 1225.564)	+	(5407.118 - 1509.246) )	/ 2 )
	=	123.171	/	( (3018.667	+	3897.872)	/ 2 )
	=	123.171	/	3458.2695
	=	3.56 %

VNET Group'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 )
	=	130.372	/	( ( (5407.118 - 1509.246)	+	(6164.411 - 1839.358) )	/ 2 )
	=	130.372	/	( ( 3897.872	+	4325.053 )	/ 2 )
	=	130.372	/	4111.4625
	=	3.17 %

(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 3.17% mean?

VNET Group (HAM:217A) has a ROCE % of 3.17% as of Mar. 2026.

Is VNET Group's ROCE % too high?

VNET Group's current ROCE % is 3.17%. The Software industry median ROCE % is 5.18. VNET Group's value of 3.17% is 38.7% below this industry median. Overall, VNET Group has a GF Score™ of 54/100, reflecting its overall financial health beyond just this single metric.

How does VNET Group's ROCE % compare to PENG and KD?

VNET Group's ROCE % of 3.17% can be compared against companies in the Software industry. The industry median ROCE % is 5.18. VNET Group's value of 3.17% is 38.7% below 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 Software company?

The median ROCE % among Software companies is 5.18, based on 2,710 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. VNET Group's current ROCE % of 3.17% is 38.7% below 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 Software industry, the median ROCE % is 5.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VNET Group's current ROCE % is 3.17%. 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?

VNET Group (HAM:217A) has a current ROCE % of 3.17%. The stock's GF Value™ is €3.60, compared to a current price of €6.46 — trading 79.4% above its estimated fair value. The current ROCE % is 3.17% and 38.7% below the Software industry median of 5.18. VNET Group's overall GF Score™ is 54/100 with 8 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 VNET Group (HAM:217A), the current ROCE % is 3.17% 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 VNET Group (HAM:217A) Overvalued in 2026?

Based on GuruFocus' analysis, VNET Group stock appears to be overvalued. The current stock price of €6.46 is trading 79.4% above its estimated GF Value™ of €3.60.

Key valuation signals for HAM:217A:

ROCE %: 3.17%
GF Value™: €3.60 vs. price of €6.46 (79.4% above fair value)
GF Score™: 54/100 with 8 warning signs
Industry Position: 38.7% below the Software median

No single metric tells the full story. See the HAM:217A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

VNET Group Business Description

Industry Technology Software

Comparable Companies PENG KD CHRN BBAI INOD GLOB CNXC DXC CLVT PONY IBM ACN NSE:TCS NSE:INFY TSE:6702 TSE:6701 NSE:HCLTECH FISV XMAD:AMS CTSH

Other Exchanges VNET:USA 217A:Germany

Address No. 10 Jiuxianqiao East Road, Guanjie Building Southeast 1st Floor, Chaoyang District, Beijing, CHN, 100016

Website https://www.vnet.com

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.

54GF Score

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

€6.46

Price

€3.60

GF Value

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