NBTM New Materials Group Co (SHSE:600114) ROCE %: 14.01% (As of Mar. 2026)

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SHSE:600114 NBTM New Materials Group Co Ltd SHSE:600114
89 GF Score
Price ¥27.13
GF Value ¥23.44
Valuation Modestly Overvalued
! 1 Warning Sign
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What is NBTM New Materials Group Co ROCE %?

NBTM New Materials Group Co SHSE:600114 +7.79% 89 ROCE % is 14.01% as of Mar. 2026. GuruFocus rates SHSE:600114 with a GF Score™ of 89/100 and a GF Value™ of ¥23.44 (Modestly Overvalued). The stock has 1 warning sign 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. NBTM New Materials Group Co's annualized ROCE % for the quarter that ended in Mar. 2026 was 14.01%.

NBTM New Materials Group Co  (SHSE:600114) 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.

NBTM New Materials Group Co ROCE % Related Terms

NBTM New Materials Group Co ROCE % Historical Data

* Premium members only.

The historical data trend for NBTM New Materials Group Co'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.

NBTM New Materials Group Co ROCE % Chart

NBTM New Materials Group Co 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 3.14 6.03 6.31 10.70 14.16

NBTM New Materials Group Co 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 11.97 14.66 16.35 12.86 14.01
SHSE:600114
89GF Score
NBTM New Materials Group Co Ltd SHSE:600114
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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NBTM New Materials Group Co ROCE % Calculation

NBTM New Materials Group Co'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 )
=794.63/( ( (7546.623 - 1858.342) + (7847.747 - 2313.121) )/ 2 )
=794.63/( (5688.281+5534.626)/ 2 )
=794.63/5611.4535
=14.16 %

NBTM New Materials Group Co'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 )
=767.068/( ( (7847.747 - 2313.121) + (8052.123 - 2640.194) )/ 2 )
=767.068/( ( 5534.626 + 5411.929 )/ 2 )
=767.068/5473.2775
=14.01 %

(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 14.01% mean?
NBTM New Materials Group Co (SHSE:600114) has a ROCE % of 14.01% as of Mar. 2026.
Is NBTM New Materials Group Co's ROCE % too high?
NBTM New Materials Group Co's current ROCE % is 14.01%. The Vehicles & Parts industry median ROCE % is 7.96. NBTM New Materials Group Co's value of 14.01% is 76% above this industry median. Overall, NBTM New Materials Group Co has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NBTM New Materials Group Co's ROCE % compare to ORLY and AZO?
NBTM New Materials Group Co's ROCE % of 14.01% can be compared against companies in the Vehicles & Parts industry. The industry median ROCE % is 7.96. NBTM New Materials Group Co's value of 14.01% is 76% 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 Vehicles & Parts company?
The median ROCE % among Vehicles & Parts companies is 7.96, based on 1,316 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. NBTM New Materials Group Co's current ROCE % of 14.01% is 76% 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 Vehicles & Parts industry, the median ROCE % is 7.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NBTM New Materials Group Co's current ROCE % is 14.01%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NBTM New Materials Group Co stock overvalued right now?
Based on GuruFocus' analysis, NBTM New Materials Group Co (SHSE:600114) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥23.44, compared to a current price of ¥27.13 — trading 15.7% above its estimated fair value. The current ROCE % is 14.01% and 76% above the Vehicles & Parts industry median of 7.96. NBTM New Materials Group Co's overall GF Score™ is 89/100 with 1 warning sign 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 NBTM New Materials Group Co (SHSE:600114), the current ROCE % is 14.01% 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 NBTM New Materials Group Co (SHSE:600114) Overvalued in 2026?

Based on GuruFocus' analysis, NBTM New Materials Group Co stock appears to be overvalued. The current stock price of ¥27.13 is trading 15.7% above its estimated GF Value™ of ¥23.44. GuruFocus considers NBTM New Materials Group Co to be Modestly Overvalued.

Key valuation signals for SHSE:600114:

  • ROCE %: 14.01%
  • GF Value™: ¥23.44 vs. price of ¥27.13 (15.7% above fair value)
  • GF Score™: 89/100 with 1 warning sign
  • Industry Position: 76% above the Vehicles & Parts median

No single metric tells the full story. See the SHSE:600114 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

NBTM New Materials Group Co Business Description

Address No. 8 Jingjiang Road, Jiangshan Industrial Zone, Yinzhou, Ningbo, Zhejiang, CHN, 315191
NBTM New Materials Group Co Ltd is engaged in producing and selling powder metal structural parts and magnetic materials components in China. It provides car parts, such as car engine, auto transmission, auto chassis, and other products; new energy parts; air condition compressor and refrigerator compressor parts for home appliances; and motorcycle engines, clutches, driven gears, and other components.
89GF Score

Get the complete analysis for SHSE:600114

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

¥27.13
Price
¥23.44
GF Value