Wave Cyber (Shanghai) Co (SHSE:688718) ROCE %: 5.48% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SHSE:688718 Wave Cyber (Shanghai) Co Ltd SHSE:688718
83 GF Score
Price ¥12.47
GF Value ¥15.02
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Wave Cyber (Shanghai) Co ROCE %?

Wave Cyber (Shanghai) Co SHSE:688718 -11.56% 83 ROCE % is 5.48% as of Mar. 2026. GuruFocus rates SHSE:688718 with a GF Score™ of 83/100 and a GF Value™ of ¥15.02 (Modestly Undervalued). The stock has 3 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. Wave Cyber (Shanghai) Co's annualized ROCE % for the quarter that ended in Mar. 2026 was 5.48%.

Wave Cyber (Shanghai) Co  (SHSE:688718) 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.

Wave Cyber (Shanghai) Co ROCE % Related Terms

Wave Cyber (Shanghai) Co ROCE % Historical Data

* Premium members only.

The historical data trend for Wave Cyber (Shanghai) 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.

Wave Cyber (Shanghai) Co ROCE % Chart

Wave Cyber (Shanghai) Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only 10.42 4.53 6.22 4.92 6.33

Wave Cyber (Shanghai) 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 2.45 5.11 7.36 10.46 5.48
SHSE:688718
83GF Score
Wave Cyber (Shanghai) Co Ltd SHSE:688718
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Wave Cyber (Shanghai) Co ROCE % Calculation

Wave Cyber (Shanghai) 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 )
=50.872/( ( (911.461 - 118.77) + (887.795 - 72.571) )/ 2 )
=50.872/( (792.691+815.224)/ 2 )
=50.872/803.9575
=6.33 %

Wave Cyber (Shanghai) 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 )
=44.908/( ( (887.795 - 72.571) + (899.354 - 74.87) )/ 2 )
=44.908/( ( 815.224 + 824.484 )/ 2 )
=44.908/819.854
=5.48 %

(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 5.48% mean?
Wave Cyber (Shanghai) Co (SHSE:688718) has a ROCE % of 5.48% as of Mar. 2026.
Is Wave Cyber (Shanghai) Co's ROCE % too high?
Wave Cyber (Shanghai) Co's current ROCE % is 5.48%. The Waste Management industry median ROCE % is 5.83. Wave Cyber (Shanghai) Co's value of 5.48% is 6% below this industry median. Overall, Wave Cyber (Shanghai) Co has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Wave Cyber (Shanghai) Co's ROCE % compare to WM and RSG?
Wave Cyber (Shanghai) Co's ROCE % of 5.48% can be compared against companies in the Waste Management industry. The industry median ROCE % is 5.83. Wave Cyber (Shanghai) Co's value of 5.48% is 6% 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 Waste Management company?
The median ROCE % among Waste Management companies is 5.83, based on 235 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. Wave Cyber (Shanghai) Co's current ROCE % of 5.48% is 6% 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 Waste Management industry, the median ROCE % is 5.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wave Cyber (Shanghai) Co's current ROCE % is 5.48%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wave Cyber (Shanghai) Co stock overvalued right now?
Based on GuruFocus' analysis, Wave Cyber (Shanghai) Co (SHSE:688718) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥15.02, compared to a current price of ¥12.47 — trading 17% below its estimated fair value. The current ROCE % is 5.48% and 6% below the Waste Management industry median of 5.83. Wave Cyber (Shanghai) Co's overall GF Score™ is 83/100 with 3 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 Wave Cyber (Shanghai) Co (SHSE:688718), the current ROCE % is 5.48% 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 Wave Cyber (Shanghai) Co (SHSE:688718) Overvalued in 2026?

Based on GuruFocus' analysis, Wave Cyber (Shanghai) Co stock appears to be undervalued. The current stock price of ¥12.47 is trading 17% below its estimated GF Value™ of ¥15.02. GuruFocus considers Wave Cyber (Shanghai) Co to be Modestly Undervalued.

Key valuation signals for SHSE:688718:

  • ROCE %: 5.48%
  • GF Value™: ¥15.02 vs. price of ¥12.47 (17% below fair value)
  • GF Score™: 83/100 with 3 warning signs
  • Industry Position: 6% below the Waste Management median

No single metric tells the full story. See the SHSE:688718 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Wave Cyber (Shanghai) Co Business Description

Address 899 Songying Road, Qingpu District, Shanghai, CHN, 201703
Wave Cyber (Shanghai) Co Ltd is a manufacturer of components for the residential, commercial, industrial and municipal water treatment industries. The products include full lines of fiberglass pressure tanks, brine tanks/cabinets, membrane pressure vessels and others.
83GF Score

Get the complete analysis for SHSE:688718

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

¥12.47
Price
¥15.02
GF Value