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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. Zhejiang Tengen Electric Co's annualized ROCE % for the quarter that ended in Jun. 2026 was 2.07%.
Zhejiang Tengen Electric Co (SHSE:605066) 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.
Zhejiang Tengen Electric Co ROCE % Related Terms
Zhejiang Tengen Electric Co ROCE % Historical 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.
(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.
Zhejiang Tengen Electric Co (SHSE:605066) has a ROCE % of 2.07% as of Jun. 2026.
Is Zhejiang Tengen Electric Co's ROCE % too high?
Zhejiang Tengen Electric Co's current ROCE % is 2.07%. The Hardware industry median ROCE % is 6.67. Zhejiang Tengen Electric Co's value of 2.07% is 69% below this industry median. Overall, Zhejiang Tengen Electric Co has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Tengen Electric Co's ROCE % compare to APH and GLW?
Zhejiang Tengen Electric Co's ROCE % of 2.07% can be compared against companies in the Hardware industry. The industry median ROCE % is 6.67. Zhejiang Tengen Electric Co's value of 2.07% is 69% below 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 Hardware company?
The median ROCE % among Hardware companies is 6.67, based on 2,449 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. Zhejiang Tengen Electric Co's current ROCE % of 2.07% is 69% below 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 Hardware industry, the median ROCE % is 6.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Tengen Electric Co's current ROCE % is 2.07%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Tengen Electric Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Tengen Electric Co (SHSE:605066) is currently considered Fairly Valued. The stock's GF Value™ is ¥7.20, compared to a current price of ¥6.83 — trading 5.1% below its estimated fair value. The current ROCE % is 2.07% and 69% below the Hardware industry median of 6.67. Zhejiang Tengen Electric Co's overall GF Score™ is 79/100 with 7 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 Zhejiang Tengen Electric Co (SHSE:605066), the current ROCE % is 2.07% 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 Zhejiang Tengen Electric Co (SHSE:605066) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Tengen Electric Co stock appears to be undervalued.
The current stock price of ¥6.83 is trading 5.1% below its estimated GF Value™ of ¥7.20.
GuruFocus considers Zhejiang Tengen Electric Co to be Fairly Valued.
Key valuation signals for SHSE:605066:
ROCE %: 2.07%
GF Value™: ¥7.20 vs. price of ¥6.83 (5.1% below fair value)
No single metric tells the full story. See the SHSE:605066 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Tengen Electric Co Ltd is a Chinese manufacturer of low-voltage electrical equipment and industrial control products. Its portfolio includes power distribution apparatus, control and terminal appliances, circuit breakers, contactors, relays, smart meters, power supplies, frequency converters, high-voltage electrical products, and construction electrical appliances. These products serve customers in electric power, telecommunications, new energy, metallurgy, petrochemicals, machinery manufacturing, and industrial and civil construction. The company sells under its own brands through a nationwide distributor and dealer network in China, and it also exports to international markets. Revenue is generated primarily from the sale of manufactured electrical components and systems to distributors, contractors, utilities, and industrial end users, with after-sales service and technical support complementing product sales. Tengen is headquartered in Zhejiang Province and is listed on the Shanghai Stock Exchange.
79GF Score
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