ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. VNET Group's annualized net income for the quarter that ended in Mar. 2026 was €-1,119 Mil. VNET Group's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was €643 Mil. Therefore, VNET Group's annualized ROE % for the quarter that ended in Mar. 2026 was -174.18%.
The historical rank and industry rank for VNET Group's ROE % or its related term are showing as below:
HAM:217A'
s ROE % Range Over the Past 10 Years
Min: -48.45 Med: -7.42 Max: 7.33
Current: -40.56
During the past 13 years, VNET Group's highest ROE % was 7.33%. The lowest was -48.45%. And the median was -7.42%.
HAM:217A's ROE % is ranked worse than 85.67% of 2679
companies
in the Software industry
Industry Median: 4.68
vs HAM:217A: -40.56
VNET Group (HAM:217A) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
VNET Group ROE % Related Terms
VNET Group ROE % Historical Data
* Premium members only.
The historical data trend for VNET Group's ROE % 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.
For the Information Technology Services subindustry, VNET Group's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
VNET Group ROE % vs Software Industry
For the Software industry and Technology sector, VNET Group's ROE % distribution charts can be found below:
* The bar in red indicates where VNET Group's ROE % falls into.
* 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.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
VNET Group (HAM:217A) has a ROE % of -174.18% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on VNET Group and its competitors. According to the industry distribution chart, VNET Group ranks #2295 out of 2679 companies in the Software industry, placing it in the top 85.7%.
Is VNET Group's ROE % too high?
VNET Group's current ROE % is -174.18%. Based on the distribution chart, VNET Group ranks #2295 out of 2679 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, VNET Group has a GF Score™ of 54/100, reflecting its overall financial health beyond just this single metric.
How does VNET Group's ROE % compare to INOD and KD?
According to the Software industry distribution chart, VNET Group ranks #2295 out of 2679 companies for ROE %. This places VNET Group in the lower half of its industry. The industry median ROE % is 4.68. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Software company?
The median ROE % among Software companies is 4.68, based on 2,679 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on VNET Group and its competitors. For the Software industry, the median ROE % is 4.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VNET Group's current ROE % is -174.18%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VNET Group stock overvalued right now?
VNET Group (HAM:217A) has a current ROE % of -174.18%. The stock's GF Value™ is €3.60, compared to a current price of €6.46 — trading 79.4% above its estimated fair value. The current ROE % is -174.18%. VNET Group's overall GF Score™ is 54/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For VNET Group (HAM:217A), the current ROE % is -174.18% 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 VNET Group (HAM:217A) Overvalued in 2026?
Based on GuruFocus' analysis, VNET Group stock appears to be overvalued.
The current stock price of €6.46 is trading 79.4% above its estimated GF Value™ of €3.60.
Key valuation signals for HAM:217A:
ROE %: -174.18%
GF Value™: €3.60 vs. price of €6.46 (79.4% above fair value)
No single metric tells the full story. See the HAM:217A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
VNET started as AsiaCloud in 1999 and moved into the data center business, opening its first self-developed data center in 2010. The firm listed (as 21Vianet) on the Nasdaq in April 2011, subsequently changing its name to VNET Group in 2021. It originally focused on providing data center services such as colocation and cloud services to retail clients in China, but added hyperscale customers in 2019 and now counts large Chinese hyperscalers such as Alibaba Cloud, Tencent Cloud, and Huawei Cloud as customers. At the end of December 2025, it had 49,863 retail cabinets, with the majority in Beijing, Shanghai, and the Greater Bay area. It also had 889 MW of wholesale capacity in service, with a further 452 MW under construction and a further 840 MW held for future development.
54GF Score
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