ZTO Express (Cayman) (MEX:ZTO N) ROCE %: 15.57% (As of Mar. 2026)


MEX:ZTO N ZTO Express (Cayman) Inc MEX:ZTO N
84 GF Score
Price MXN426.00
GF Value MXN548.91
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What is ZTO Express (Cayman) ROCE %?

ZTO Express (Cayman) MEX:ZTO N 84 ROCE % is 15.57% as of Mar. 2026. GuruFocus rates MEX:ZTO N with a GF Score™ of 84/100 and a GF Value™ of MXN548.91.

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. ZTO Express (Cayman)'s annualized ROCE % for the quarter that ended in Mar. 2026 was 15.57%.

ZTO Express (Cayman)  (MEX:ZTO N) 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.

ZTO Express (Cayman) ROCE % Related Terms

ZTO Express (Cayman) ROCE % Historical Data

* Premium members only.

The historical data trend for ZTO Express (Cayman)'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.

ZTO Express (Cayman) ROCE % Chart

ZTO Express (Cayman) 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 12.11 14.19 15.52 19.88 16.15

ZTO Express (Cayman) 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 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 16.33 15.46 16.36 19.64 15.57
MEX:ZTO N
84GF Score
ZTO Express (Cayman) Inc MEX:ZTO N
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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ZTO Express (Cayman) ROCE % Calculation

ZTO Express (Cayman)'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 )
=28893.473/( ( (264510.586 - 80989.205) + (232699.736 - 58464.175) )/ 2 )
=28893.473/( (183521.381+174235.561)/ 2 )
=28893.473/178878.471
=16.15 %

ZTO Express (Cayman)'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 )
=28653.064/( ( (232699.736 - 58464.175) + (255830.931 - 61981.525) )/ 2 )
=28653.064/( ( 174235.561 + 193849.406 )/ 2 )
=28653.064/184042.4835
=15.57 %

(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 15.57% mean?
ZTO Express (Cayman) (MEX:ZTO N) has a ROCE % of 15.57% as of Mar. 2026.
Is ZTO Express (Cayman)'s ROCE % too high?
ZTO Express (Cayman)'s current ROCE % is 15.57%. The Transportation industry median ROCE % is 7.74. ZTO Express (Cayman)'s value of 15.57% is 101.2% above this industry median. Overall, ZTO Express (Cayman) has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does ZTO Express (Cayman)'s ROCE % compare to EXPD and CHRW?
ZTO Express (Cayman)'s ROCE % of 15.57% can be compared against companies in the Transportation industry. The industry median ROCE % is 7.74. ZTO Express (Cayman)'s value of 15.57% is 101.2% 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 Transportation company?
The median ROCE % among Transportation companies is 7.74, based on 997 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. ZTO Express (Cayman)'s current ROCE % of 15.57% is 101.2% 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 Transportation industry, the median ROCE % is 7.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ZTO Express (Cayman)'s current ROCE % is 15.57%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ZTO Express (Cayman) stock overvalued right now?
ZTO Express (Cayman) (MEX:ZTO N) has a current ROCE % of 15.57%. The stock's GF Value™ is MXN548.91, compared to a current price of MXN426.00 — trading 22.4% below its estimated fair value. The current ROCE % is 15.57% and 101.2% above the Transportation industry median of 7.74. ZTO Express (Cayman)'s overall GF Score™ is 84/100. 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 ZTO Express (Cayman) (MEX:ZTO N), the current ROCE % is 15.57% 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 ZTO Express (Cayman) (MEX:ZTO N) Overvalued in 2026?

Based on GuruFocus' analysis, ZTO Express (Cayman) stock appears to be undervalued. The current stock price of MXN426.00 is trading 22.4% below its estimated GF Value™ of MXN548.91.

Key valuation signals for MEX:ZTO N:

  • ROCE %: 15.57%
  • GF Value™: MXN548.91 vs. price of MXN426.00 (22.4% below fair value)
  • GF Score™: 84/100
  • Industry Position: 101.2% above the Transportation median

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

ZTO Express (Cayman) Business Description

Address No. 1685 Huazhi Road, Building One, Qingpu District, Shanghai, CHN, 201708
ZTO Express is China's largest express delivery company by parcel volume, with a volume share of 19.4% in 2024. It operates a network partner model where it provides line-haul transportation and sorting services, while its local network partners provide first-mile pickup and last-mile delivery services under the ZTO brand name. Headquartered in Shanghai, the company was founded in 2002 by Meisong Lai, who remains chair, CEO, and its major shareholder with 78% voting rights as of March 31, 2025. ZTO's strategic shareholder is leading China e-commerce company Alibaba Group with around an 8.9% interest.
84GF Score

Get the complete analysis for MEX:ZTO N

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

MXN426.00
Price
MXN548.91
GF Value