ICG (Intchains Group) ROCE %: -24.35% (As of Dec. 2025)

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.

ICG Intchains Group Ltd ICG
55 GF Score
Price $0.81
GF Value $5.70
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is Intchains Group ROCE %?

Intchains Group ICG -0.12% 55 ROCE % is -24.35% as of Dec. 2025. GuruFocus rates ICG with a GF Score™ of 55/100 and a GF Value™ of $5.70 (Possible Value Trap). The stock has 5 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. Intchains Group's annualized ROCE % for the quarter that ended in Dec. 2025 was -24.35%.

Intchains Group  (NAS:ICG) 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.

Intchains Group ROCE % Related Terms

Intchains Group ROCE % Historical Data

* Premium members only.

The historical data trend for Intchains 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.

Intchains Group ROCE % Chart

Intchains Group Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial 146.93 46.82 -3.72 5.07 -8.58

Intchains Group Quarterly Data
Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 4.12 14.81 -6.45 -15.76 -24.35
ICG
55GF Score
Intchains Group Ltd ICG
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Intchains Group ROCE % Calculation

Intchains 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 )
=-11.9/( ( (149.643 - 10.499) + (144.166 - 6.075) )/ 2 )
=-11.9/( (139.144+138.091)/ 2 )
=-11.9/138.6175
=-8.58 %

Intchains Group'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: Sep. 2025 )(Q: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2025 )  (Q: Sep. 2025 )(Q: Dec. 2025 )
=-35.664/( ( (160.45 - 5.634) + (144.166 - 6.075) )/ 2 )
=-35.664/( ( 154.816 + 138.091 )/ 2 )
=-35.664/146.4535
=-24.35 %

(1) Note: The EBIT data used here is four times the quarterly (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 -24.35% mean?
Intchains Group (ICG) has a ROCE % of -24.35% as of Dec. 2025.
Is Intchains Group's ROCE % too high?
Intchains Group's current ROCE % is -24.35%. Overall, Intchains Group has a GF Score™ of 55/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Intchains Group's ROCE % compare to NA and PXLW?
Intchains Group's ROCE % of -24.35% can be compared against companies in the Semiconductors industry. The industry median ROCE % is 4.83. 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 Semiconductors company?
The median ROCE % among Semiconductors companies is 4.83, based on 1,018 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. 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 Semiconductors industry, the median ROCE % is 4.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Intchains Group's current ROCE % is -24.35%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Intchains Group stock overvalued right now?
Based on GuruFocus' analysis, Intchains Group (ICG) is currently considered Possible Value Trap. The stock's GF Value™ is $5.70, compared to a current price of $0.81 — trading 85.8% below its estimated fair value. The current ROCE % is -24.35%. Intchains Group's overall GF Score™ is 55/100 with 5 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 Intchains Group (ICG), the current ROCE % is -24.35% 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 Intchains Group (ICG) Overvalued in 2026?

Based on GuruFocus' analysis, Intchains Group stock appears to be undervalued. The current stock price of $0.81 is trading 85.8% below its estimated GF Value™ of $5.70. GuruFocus considers Intchains Group to be Possible Value Trap.

Key valuation signals for ICG:

  • ROCE %: -24.35%
  • GF Value™: $5.70 vs. price of $0.81 (85.8% below fair value)
  • GF Score™: 55/100 with 5 warning signs

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

Intchains Group Business Description

Address Lane 999, Xinyuan South Road, c/o Building 16, Lin-Gang Special Area, Pudong, Shanghai, CHN, 201306
Intchains Group Ltd is an inventive altcoins development company that engages in the provision of altcoin mining products, the strategic acquisition and holding of Ethereum-based cryptocurrencies and the active development of inventive Web3 applications. The company offers high-performance mining products including altcoin mining machines incorporating its ASIC chips that have high computing power and superior power efficiency, ASIC chips and ancillary software and hardware, all of which cater to the evolving needs of the blockchain industry. Geographically, it operates in Mainland China, Hong Kong, and Other countries or regions.
55GF Score

Get the complete analysis for ICG

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

$0.81
Price
$5.70
GF Value