Meituan (MEX:3690N) ROCE %: -11.12% (As of Mar. 2026)


MEX:3690N Meituan MEX:3690N
74 GF Score
Price MXN155.57
GF Value MXN518.92
! 3 Warning Signs
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What is Meituan ROCE %?

Meituan MEX:3690N 74 ROCE % is -11.12% as of Mar. 2026. GuruFocus rates MEX:3690N with a GF Score™ of 74/100 and a GF Value™ of MXN518.92. 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. Meituan's annualized ROCE % for the quarter that ended in Mar. 2026 was -11.12%.

Meituan  (MEX:3690N) 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.

Meituan ROCE % Related Terms

Meituan ROCE % Historical Data

* Premium members only.

The historical data trend for Meituan'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.

Meituan ROCE % Chart

Meituan 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 -16.00 -2.82 7.92 20.92 -9.85

Meituan Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 19.78 1.42 -36.39 -29.32 -11.12
MEX:3690N
74GF Score
Meituan MEX:3690N
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Meituan ROCE % Calculation

Meituan'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 )
=-58675.022/( ( (929120.667 - 309183.64) + (886864.27 - 315830.314) )/ 2 )
=-58675.022/( (619937.027+571033.956)/ 2 )
=-58675.022/595485.4915
=-9.85 %

Meituan'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 )
=-67921.34/( ( (886864.27 - 315830.314) + (959937.149 - 309291.791) )/ 2 )
=-67921.34/( ( 571033.956 + 650645.358 )/ 2 )
=-67921.34/610839.657
=-11.12 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) 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 -11.12% mean?
Meituan (MEX:3690N) has a ROCE % of -11.12% as of Mar. 2026.
Is Meituan's ROCE % too high?
Meituan's current ROCE % is -11.12%. Overall, Meituan has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Meituan's ROCE % compare to AMZN and BABA?
Meituan's ROCE % of -11.12% can be compared against companies in the Retail - Cyclical industry. The industry median ROCE % is 7.58. 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. 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. Meituan's current ROCE % is -11.12%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meituan stock overvalued right now?
Meituan (MEX:3690N) has a current ROCE % of -11.12%. The stock's GF Value™ is MXN518.92, compared to a current price of MXN155.57 — trading 70% below its estimated fair value. The current ROCE % is -11.12%. Meituan's overall GF Score™ is 74/100 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 Meituan (MEX:3690N), the current ROCE % is -11.12% 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 Meituan (MEX:3690N) Overvalued in 2026?

Based on GuruFocus' analysis, Meituan stock appears to be undervalued. The current stock price of MXN155.57 is trading 70% below its estimated GF Value™ of MXN518.92.

Key valuation signals for MEX:3690N:

  • ROCE %: -11.12%
  • GF Value™: MXN518.92 vs. price of MXN155.57 (70% below fair value)
  • GF Score™: 74/100 with 3 warning signs

No single metric tells the full story. See the MEX:3690N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Meituan Business Description

Address No. 4 Wang Jing East Road, Block B and C, Hengjiweiye Building, Chaoyang District, Beijing, CHN, 100102
Despite intense competition, Meituan remains the largest food delivery platform in China as of April 2026, according to our estimates. In 2025, the firm generated 72% of its revenue from the core local commerce segment, which includes on-demand food delivery and retail, in-store services (such as visiting beauty and entertainment stores after purchasing deals on Meituan), and hotel and travel booking. The remaining revenue came from the new initiatives segment, such as the community group purchase business Meituan Select and the overseas food delivery business.
74GF Score

Get the complete analysis for MEX:3690N

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

MXN155.57
Price
MXN518.92
GF Value