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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. Shanghai M&G Stationery's annualized ROCE % for the quarter that ended in Jun. 2026 was 13.52%.
Shanghai M&G Stationery (SHSE:603899) 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.
* 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.
(1) Note:
The EBIT data used here is four times the quarterly (Jun. 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.
Shanghai M&G Stationery (SHSE:603899) has a ROCE % of 13.52% as of Jun. 2026.
Is Shanghai M&G Stationery's ROCE % too high?
Shanghai M&G Stationery's current ROCE % is 13.52%. The Industrial Products industry median ROCE % is 7.26. Shanghai M&G Stationery's value of 13.52% is 86.2% above this industry median. Overall, Shanghai M&G Stationery has a GF Score™ of 90/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai M&G Stationery's ROCE % compare to competitors?
Shanghai M&G Stationery's ROCE % of 13.52% can be compared against companies in the Industrial Products industry. The industry median ROCE % is 7.26. Shanghai M&G Stationery's value of 13.52% is 86.2% 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 an Industrial Products company?
The median ROCE % among Industrial Products companies is 7.26, based on 3,045 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. Shanghai M&G Stationery's current ROCE % of 13.52% is 86.2% 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 Industrial Products industry, the median ROCE % is 7.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai M&G Stationery's current ROCE % is 13.52%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai M&G Stationery stock overvalued right now?
Based on GuruFocus' analysis, Shanghai M&G Stationery (SHSE:603899) is currently considered Significantly Undervalued. The stock's GF Value™ is ¥32.17, compared to a current price of ¥21.74 — trading 32.4% below its estimated fair value. The current ROCE % is 13.52% and 86.2% above the Industrial Products industry median of 7.26. Shanghai M&G Stationery's overall GF Score™ is 90/100 with 4 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 Shanghai M&G Stationery (SHSE:603899), the current ROCE % is 13.52% as of Jun. 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 Shanghai M&G Stationery (SHSE:603899) Overvalued in 2026?
Based on GuruFocus' analysis, Shanghai M&G Stationery stock appears to be undervalued.
The current stock price of ¥21.74 is trading 32.4% below its estimated GF Value™ of ¥32.17.
GuruFocus considers Shanghai M&G Stationery to be Significantly Undervalued.
Key valuation signals for SHSE:603899:
ROCE %: 13.52%
GF Value™: ¥32.17 vs. price of ¥21.74 (32.4% below fair value)
Industry Position: 86.2% above the Industrial Products median
No single metric tells the full story. See the SHSE:603899 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shanghai M&G Stationery Inc is engaged in the production and distribution of stationery products in China. The company operates in two segments: the Office direct sales business and the Traditional core business. The Traditional core business is engaged in developing, manufacturing, and selling writing instruments, student stationery, office supplies, and other products. Its products include such as ballpoint pens, gel pens, mechanical pencils, highlighters, markers, roller pens, erasable gel pens, Pen refills, and other stationery. The Office direct sales business segment is mainly engaged in providing governments, public institutions, companies, and other small and medium enterprises (SMEs) with a one-stop supplies procurement service.
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