ComNav Technology (SHSE:688592) ROCE %: -2.67% (As of Mar. 2026)

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SHSE:688592 ComNav Technology Ltd SHSE:688592
61 GF Score
Price ¥24.88
GF Value ¥33.31
Valuation Modestly Undervalued
! 4 Warning Signs
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What is ComNav Technology ROCE %?

ComNav Technology SHSE:688592 -2.01% 61 ROCE % is -2.67% as of Mar. 2026. GuruFocus rates SHSE:688592 with a GF Score™ of 61/100 and a GF Value™ of ¥33.31 (Modestly Undervalued). The stock has 4 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. ComNav Technology's annualized ROCE % for the quarter that ended in Mar. 2026 was -2.67%.

ComNav Technology  (SHSE:688592) 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.

ComNav Technology ROCE % Related Terms

ComNav Technology ROCE % Historical Data

* Premium members only.

The historical data trend for ComNav Technology'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.

ComNav Technology ROCE % Chart

ComNav Technology 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 10.41 11.72 6.09 -3.37 1.51

ComNav Technology Quarterly Data
Jun20 Dec20 Jun21 Dec21 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 -4.87 3.09 -8.74 16.51 -2.67
SHSE:688592
61GF Score
ComNav Technology Ltd SHSE:688592
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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ComNav Technology ROCE % Calculation

ComNav Technology'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 )
=14.823/( ( (1318.53 - 346.306) + (1297.839 - 300.286) )/ 2 )
=14.823/( (972.224+997.553)/ 2 )
=14.823/984.8885
=1.51 %

ComNav Technology'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 )
=-26.86/( ( (1297.839 - 300.286) + (1256.329 - 243.078) )/ 2 )
=-26.86/( ( 997.553 + 1013.251 )/ 2 )
=-26.86/1005.402
=-2.67 %

(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 -2.67% mean?
ComNav Technology (SHSE:688592) has a ROCE % of -2.67% as of Mar. 2026.
Is ComNav Technology's ROCE % too high?
ComNav Technology's current ROCE % is -2.67%. Overall, ComNav Technology has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ComNav Technology's ROCE % compare to CSCO and CIEN?
ComNav Technology's ROCE % of -2.67% can be compared against companies in the Hardware industry. The industry median ROCE % is 5.89. 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 5.89, based on 2,452 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. 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 5.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ComNav Technology's current ROCE % is -2.67%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ComNav Technology stock overvalued right now?
Based on GuruFocus' analysis, ComNav Technology (SHSE:688592) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥33.31, compared to a current price of ¥24.88 — trading 25.3% below its estimated fair value. The current ROCE % is -2.67%. ComNav Technology's overall GF Score™ is 61/100 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 ComNav Technology (SHSE:688592), the current ROCE % is -2.67% 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 ComNav Technology (SHSE:688592) Overvalued in 2026?

Based on GuruFocus' analysis, ComNav Technology stock appears to be undervalued. The current stock price of ¥24.88 is trading 25.3% below its estimated GF Value™ of ¥33.31. GuruFocus considers ComNav Technology to be Modestly Undervalued.

Key valuation signals for SHSE:688592:

  • ROCE %: -2.67%
  • GF Value™: ¥33.31 vs. price of ¥24.88 (25.3% below fair value)
  • GF Score™: 61/100 with 4 warning signs

No single metric tells the full story. See the SHSE:688592 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

ComNav Technology Business Description

Address No. 618 Chengliu Middle Road, 3rd Floor, Building 2, Malu Town, Jiading District, Shanghai, CHN, 201801
ComNav Technology Ltd is engaged in the research and development of high-precision satellite navigation dedicated chips and differential positioning (RTK) technology.
61GF Score

Get the complete analysis for SHSE:688592

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

¥24.88
Price
¥33.31
GF Value