YMM (Full Truck Alliance Co) ROCE %: 9.82% (As of Mar. 2026)


YMM Full Truck Alliance Co Ltd YMM
77 GF Score
Price $7.54
GF Value $11.34
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is Full Truck Alliance Co ROCE %?

Full Truck Alliance Co YMM -3.46% 77 ROCE % is 9.82% as of Mar. 2026. GuruFocus rates YMM with a GF Score™ of 77/100 and a GF Value™ of $11.34 (Significantly Undervalued). The stock has 2 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. Full Truck Alliance Co's annualized ROCE % for the quarter that ended in Mar. 2026 was 9.82%.

Full Truck Alliance Co  (NYSE:YMM) 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.

Full Truck Alliance Co ROCE % Related Terms

Full Truck Alliance Co ROCE % Historical Data

* Premium members only.

The historical data trend for Full Truck Alliance 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.

Full Truck Alliance Co ROCE % Chart

Full Truck Alliance Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial -13.42 1.48 2.82 6.60 10.56

Full Truck Alliance 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 12.50 11.63 7.74 10.07 9.82
YMM
77GF Score
Full Truck Alliance Co Ltd YMM
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Full Truck Alliance Co ROCE % Calculation

Full Truck Alliance 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 )
=588.681/( ( (5670.756 - 414.794) + (6292.882 - 404.792) )/ 2 )
=588.681/( (5255.962+5888.09)/ 2 )
=588.681/5572.026
=10.56 %

Full Truck Alliance 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 )
=583.832/( ( (6292.882 - 404.792) + (6501.468 - 499.976) )/ 2 )
=583.832/( ( 5888.09 + 6001.492 )/ 2 )
=583.832/5944.791
=9.82 %

(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 9.82% mean?
Full Truck Alliance Co (YMM) has a ROCE % of 9.82% as of Mar. 2026.
Is Full Truck Alliance Co's ROCE % too high?
Full Truck Alliance Co's current ROCE % is 9.82%. The Software industry median ROCE % is 5.27. Full Truck Alliance Co's value of 9.82% is 86.3% above this industry median. Overall, Full Truck Alliance Co has a GF Score™ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Full Truck Alliance Co's ROCE % compare to CRM and SHOP?
Full Truck Alliance Co's ROCE % of 9.82% can be compared against companies in the Software industry. The industry median ROCE % is 5.27. Full Truck Alliance Co's value of 9.82% is 86.3% 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 Software company?
The median ROCE % among Software companies is 5.27, based on 2,711 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. Full Truck Alliance Co's current ROCE % of 9.82% is 86.3% 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 Software industry, the median ROCE % is 5.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Full Truck Alliance Co's current ROCE % is 9.82%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Full Truck Alliance Co stock overvalued right now?
Based on GuruFocus' analysis, Full Truck Alliance Co (YMM) is currently considered Significantly Undervalued. The stock's GF Value™ is $11.34, compared to a current price of $7.54 — trading 33.5% below its estimated fair value. The current ROCE % is 9.82% and 86.3% above the Software industry median of 5.27. Full Truck Alliance Co's overall GF Score™ is 77/100 with 2 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 Full Truck Alliance Co (YMM), the current ROCE % is 9.82% 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 Full Truck Alliance Co (YMM) Overvalued in 2026?

Based on GuruFocus' analysis, Full Truck Alliance Co stock appears to be undervalued. The current stock price of $7.54 is trading 33.5% below its estimated GF Value™ of $11.34. GuruFocus considers Full Truck Alliance Co to be Significantly Undervalued.

Key valuation signals for YMM:

  • ROCE %: 9.82%
  • GF Value™: $11.34 vs. price of $7.54 (33.5% below fair value)
  • GF Score™: 77/100 with 2 warning signs
  • Industry Position: 86.3% above the Software median

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

Full Truck Alliance Co Business Description

Other Exchanges YMMN:Mexico892:Germany
Address 20 Fengxin Road, Wanbo Science and Technology Park, Yuhuatai District, Nanjing, CHN, 210012
Full Truck Alliance Co Ltd, through its subsidiaries, provides comprehensive services for shippers and truckers through its mobile and website platforms. Its principal operations are in the People's Republic of China. The group derives its revenues principally from shippers and trucker's use of its platforms in connection with freight matching services and value-added services.
77GF Score

Get the complete analysis for YMM

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

$7.54
Price
$11.34
GF Value