ZHEXF (Zhejiang Expressway Co) ROCE %: 7.80% (As of Dec. 2025)


ZHEXF Zhejiang Expressway Co Ltd ZHEXF
73 GF Score
Price $0.82
GF Value $1.06
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Zhejiang Expressway Co ROCE %?

Zhejiang Expressway Co ZHEXF +1.78% 73 ROCE % is 7.80% as of Dec. 2025. GuruFocus rates ZHEXF with a GF Score™ of 73/100 and a GF Value™ of $1.06 (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. Zhejiang Expressway Co's annualized ROCE % for the quarter that ended in Dec. 2025 was 7.80%.

Zhejiang Expressway Co  (OTCPK:ZHEXF) 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 Expressway Co ROCE % Related Terms

Zhejiang Expressway Co ROCE % Historical Data

* Premium members only.

The historical data trend for Zhejiang Expressway 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.

Zhejiang Expressway Co ROCE % Chart

Zhejiang Expressway Co 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 14.04 10.25 10.16 9.84 9.62

Zhejiang Expressway Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Jun25 Sep25 Dec25
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 10.27 10.51 0.00 10.40 7.80
ZHEXF
73GF Score
Zhejiang Expressway Co Ltd ZHEXF
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zhejiang Expressway Co ROCE % Calculation

Zhejiang Expressway 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 )
=1609.566/( ( (29829.874 - 14870.27) + (41659.034 - 23145.419) )/ 2 )
=1609.566/( (14959.604+18513.615)/ 2 )
=1609.566/16736.6095
=9.62 %

Zhejiang Expressway Co's ROCE % of for the quarter that ended in Dec. 2025 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Dec. 2025 )  (Q: Sep. 2025 )(Q: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2025 )  (Q: Sep. 2025 )(Q: Dec. 2025 )
=1437.308/( ( (40343.566 - 22024.205) + (41659.034 - 23145.419) )/ 2 )
=1437.308/( ( 18319.361 + 18513.615 )/ 2 )
=1437.308/18416.488
=7.80 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2025) 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 7.80% mean?
Zhejiang Expressway Co (ZHEXF) has a ROCE % of 7.80% as of Dec. 2025.
Is Zhejiang Expressway Co's ROCE % too high?
Zhejiang Expressway Co's current ROCE % is 7.80%. The Construction industry median ROCE % is 8.22. Zhejiang Expressway Co's value of 7.80% is 5.1% below this industry median. Overall, Zhejiang Expressway Co has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Expressway Co's ROCE % compare to competitors?
Zhejiang Expressway Co's ROCE % of 7.80% can be compared against companies in the Construction industry. The industry median ROCE % is 8.22. Zhejiang Expressway Co's value of 7.80% is 5.1% 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 Construction company?
The median ROCE % among Construction companies is 8.22, based on 1,749 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 Expressway Co's current ROCE % of 7.80% is 5.1% 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 Construction industry, the median ROCE % is 8.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Expressway Co's current ROCE % is 7.80%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Expressway Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Expressway Co (ZHEXF) is currently considered Modestly Undervalued. The stock's GF Value™ is $1.06, compared to a current price of $0.82 — trading 23.1% below its estimated fair value. The current ROCE % is 7.80% and 5.1% below the Construction industry median of 8.22. Zhejiang Expressway Co's overall GF Score™ is 73/100 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 Zhejiang Expressway Co (ZHEXF), the current ROCE % is 7.80% as of Dec. 2025. 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 Expressway Co (ZHEXF) Overvalued in 2026?

Based on GuruFocus' analysis, Zhejiang Expressway Co stock appears to be undervalued. The current stock price of $0.82 is trading 23.1% below its estimated GF Value™ of $1.06. GuruFocus considers Zhejiang Expressway Co to be Modestly Undervalued.

Key valuation signals for ZHEXF:

  • ROCE %: 7.80%
  • GF Value™: $1.06 vs. price of $0.82 (23.1% below fair value)
  • GF Score™: 73/100 with 4 warning signs
  • Industry Position: 5.1% below the Construction median

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

Zhejiang Expressway Co Business Description

Other Exchanges 00576:Hong KongZHJ:Germany
Address 199 Wuxing Road, Room 501, No. 2, Mingzhu International Business Center, Zhejiang Province, Hangzhou, CHN, 310020
Zhejiang Expressway Co Ltd is a Chinese infrastructure company that, through its subsidiaries, develops, maintains, and operates high-grade roads. The company organizes itself into three segments: toll operation, securities business, and other business. The company derives the majority of revenue and earnings from the toll road business. The securities business, the next segment, provides brokerage services, including advisory, margin lending, and asset management. The company earns the entirety of its revenue domestically.
73GF Score

Get the complete analysis for ZHEXF

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

$0.82
Price
$1.06
GF Value