NOAH (Noah Holdings) ROCE %: 9.30% (As of Mar. 2026)

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NOAH Noah Holdings Ltd NOAH
73 GF Score
Price $8.57
GF Value $11.20
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Noah Holdings ROCE %?

Noah Holdings NOAH -0.81% 73 ROCE % is 9.30% as of Mar. 2026. GuruFocus rates NOAH with a GF Score™ of 73/100 and a GF Value™ of $11.20 (Modestly Undervalued). 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. Noah Holdings's annualized ROCE % for the quarter that ended in Mar. 2026 was 9.30%.

Noah Holdings  (NYSE:NOAH) 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.

Noah Holdings ROCE % Related Terms

Noah Holdings ROCE % Historical Data

* Premium members only.

The historical data trend for Noah Holdings'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.

Noah Holdings ROCE % Chart

Noah Holdings 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 15.05 11.27 10.49 5.94 7.64

Noah Holdings 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 7.16 6.33 6.84 10.10 9.30
NOAH
73GF Score
Noah Holdings Ltd NOAH
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Noah Holdings ROCE % Calculation

Noah Holdings'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 )
=110.271/( ( (1617.818 - 196.31) + (1666.989 - 202.635) )/ 2 )
=110.271/( (1421.508+1464.354)/ 2 )
=110.271/1442.931
=7.64 %

Noah Holdings'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 )
=137.224/( ( (1666.989 - 202.635) + (1684.819 - 197.31) )/ 2 )
=137.224/( ( 1464.354 + 1487.509 )/ 2 )
=137.224/1475.9315
=9.30 %

(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 9.30% mean?
Noah Holdings (NOAH) has a ROCE % of 9.30% as of Mar. 2026.
Is Noah Holdings' ROCE % too high?
Noah Holdings' current ROCE % is 9.30%. The Asset Management industry median ROCE % is 4.39. Noah Holdings' value of 9.30% is 111.8% above this industry median. Overall, Noah Holdings has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Noah Holdings' ROCE % compare to BHK and MUJ?
Noah Holdings' ROCE % of 9.30% can be compared against companies in the Asset Management industry. The industry median ROCE % is 4.39. Noah Holdings' value of 9.30% is 111.8% 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 an Asset Management company?
The median ROCE % among Asset Management companies is 4.39, based on 709 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. Noah Holdings's current ROCE % of 9.30% is 111.8% 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 Asset Management industry, the median ROCE % is 4.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Noah Holdings's current ROCE % is 9.30%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Noah Holdings stock overvalued right now?
Based on GuruFocus' analysis, Noah Holdings (NOAH) is currently considered Modestly Undervalued. The stock's GF Value™ is $11.20, compared to a current price of $8.57 — trading 23.5% below its estimated fair value. The current ROCE % is 9.30% and 111.8% above the Asset Management industry median of 4.39. Noah Holdings' overall GF Score™ is 73/100 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 Noah Holdings (NOAH), the current ROCE % is 9.30% 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 Noah Holdings (NOAH) Overvalued in 2026?

Based on GuruFocus' analysis, Noah Holdings stock appears to be undervalued. The current stock price of $8.57 is trading 23.5% below its estimated GF Value™ of $11.20. GuruFocus considers Noah Holdings to be Modestly Undervalued.

Key valuation signals for NOAH:

  • ROCE %: 9.30%
  • GF Value™: $11.20 vs. price of $8.57 (23.5% below fair value)
  • GF Score™: 73/100 with 5 warning signs
  • Industry Position: 111.8% above the Asset Management median

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

Noah Holdings Business Description

Other Exchanges 06686:Hong Kong6NO2:Germany
Address No. 1226 South Shenbin Road, Noah Wealth Center, Minhang District, Shanghai, CHN, 200090
Noah Holdings Ltd is a wealth management service provider offering comprehensive advisory services on investment and asset allocation, mainly for Mandarin-speaking high-net-worth (HNW) investors. The company's operating segments are Domestic public securities, Domestic asset management, Domestic insurance, Overseas wealth management, Overseas asset management, Overseas insurance and comprehensive services, and Headquarters. Maximum revenue is generated from its Domestic asset management business, which manages private equity funds, real estate equity funds, and private secondary products. The domestic asset management operations focus on managing primary market exits and cross-border ETF products in the secondary market. Geographically, it derives maximum revenue from Mainland China.
73GF Score

Get the complete analysis for NOAH

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

$8.57
Price
$11.20
GF Value