Western Mining Co (SHSE:601168) ROE %: 33.04% (As of Mar. 2026) — 133% Above Median


SHSE:601168 Western Mining Co Ltd SHSE:601168
82 GF Score
Price ¥29.22
GF Value ¥22.99
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Western Mining Co ROE %?

Western Mining Co SHSE:601168 +6.92% 82 ROE % is 33.04% as of Mar. 2026, which is 133% above its 10-year median of 14.16. GuruFocus rates SHSE:601168 with a GF Score™ of 82/100 and a GF Value™ of ¥22.99 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 2,389 Metals & Mining companies, Western Mining Co ranks better than 90.58% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Western Mining Co's annualized net income for the quarter that ended in Mar. 2026 was ¥6,344 Mil. Western Mining Co's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ¥19,201 Mil. Therefore, Western Mining Co's annualized ROE % for the quarter that ended in Mar. 2026 was 33.04%.

The historical rank and industry rank for Western Mining Co's ROE % or its related term are showing as below:

SHSE:601168' s ROE % Range Over the Past 10 Years
Min: -19.35   Med: 14.16   Max: 24.4
Current: 24.4

During the past 13 years, Western Mining Co's highest ROE % was 24.40%. The lowest was -19.35%. And the median was 14.16%.

SHSE:601168's ROE % is ranked better than
90.58% of 2389 companies
in the Metals & Mining industry
Industry Median: -16.17 vs SHSE:601168: 24.40

Western Mining Co  (SHSE:601168) 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:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=6344.188/19200.5175
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(6344.188 / 74894.656)*(74894.656 / 63117.7335)*(63117.7335 / 19200.5175)
=Net Margin %*Asset Turnover*Equity Multiplier
=8.47 %*1.1866*3.2873
=ROA %*Equity Multiplier
=10.05 %*3.2873
=33.04 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=6344.188/19200.5175
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (6344.188 / 11567.792) * (11567.792 / 13689.88) * (13689.88 / 74894.656) * (74894.656 / 63117.7335) * (63117.7335 / 19200.5175)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.5484 * 0.845 * 18.28 % * 1.1866 * 3.2873
=33.04 %

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.


Western Mining Co ROE % Related Terms


Western Mining Co ROE % Historical Data

* Premium members only.

The historical data trend for Western Mining Co'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.

Western Mining Co ROE % Chart

Western Mining Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.87 23.16 17.72 18.12 20.50

Western Mining Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % 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 18.46 24.60 25.11 15.44 33.04

Western Mining Co ROE % Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Western Mining Co'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.


Western Mining Co ROE % vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Western Mining Co's ROE % distribution charts can be found below:

* The bar in red indicates where Western Mining Co's ROE % falls into.


SHSE:601168
82GF Score
Western Mining Co Ltd SHSE:601168
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Western Mining Co ROE % Calculation

Western Mining Co's annualized ROE % for the fiscal year that ended in Dec. 2025 is calculated as

ROE %=Net Income (A: Dec. 2025 )/( (Total Stockholders Equity (A: Dec. 2024 )+Total Stockholders Equity (A: Dec. 2025 ))/ count )
=3642.687/( (17089.85+18445.57)/ 2 )
=3642.687/17767.71
=20.50 %

Western Mining Co's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=6344.188/( (18445.57+19955.465)/ 2 )
=6344.188/19200.5175
=33.04 %

* 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.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 33.04% mean?
Western Mining Co (SHSE:601168) has a ROE % of 33.04% 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 Western Mining Co and its competitors. This is 133% above median its historical median of 14.16. According to the industry distribution chart, Western Mining Co ranks #225 out of 2389 companies in the Metals & Mining industry, placing it in the top 9.4%.
Is Western Mining Co's ROE % too high?
Western Mining Co's current ROE % of 33.04% is 133% above median its 10-year median of 14.16. Based on the distribution chart, Western Mining Co ranks #225 out of 2389 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Western Mining Co has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Western Mining Co's ROE % compare to competitors?
According to the Metals & Mining industry distribution chart, Western Mining Co ranks #225 out of 2389 companies for ROE %. This places Western Mining Co in the top 9% of its industry — outperforming the majority of peers. 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 Metals & Mining company?
A good ROE % depends on the Metals & Mining industry context. 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 Western Mining Co and its competitors. Western Mining Co's current ROE % is 33.04%, which is 133% above median its own 10-year median of 14.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Western Mining Co stock overvalued right now?
Based on GuruFocus' analysis, Western Mining Co (SHSE:601168) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥22.99, compared to a current price of ¥29.22 — trading 27.1% above its estimated fair value. The current ROE % is 33.04%, which is 133% above median its 10-year median of 14.16. Western Mining Co's overall GF Score™ is 82/100 with 3 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 Western Mining Co (SHSE:601168), the current ROE % is 33.04% 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 Western Mining Co (SHSE:601168) Overvalued in 2026?

Based on GuruFocus' analysis, Western Mining Co stock appears to be overvalued. The current stock price of ¥29.22 is trading 27.1% above its estimated GF Value™ of ¥22.99. GuruFocus considers Western Mining Co to be Modestly Overvalued.

Key valuation signals for SHSE:601168:

  • ROE %: 33.04% (133% above median its 10-year median of 14.16)
  • GF Value™: ¥22.99 vs. price of ¥29.22 (27.1% above fair value)
  • GF Score™: 82/100 with 3 warning signs

No single metric tells the full story. See the SHSE:601168 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Western Mining Co Business Description

Address No. 4, Wenyi Road, Building 1, Xikuang Haihu Business Center, Haihu New District, Qinghai Province, Xining, CHN, 810001
Western Mining Co Ltd is a mining company mainly engaged in the comprehensive development of mineral resources in the western region of China. The company's business operations include mining, smelting, and trading of basic non-ferrous metals and ferrous metals such as copper, lead, zinc, and iron. It is divided into four trading sectors: mining, smelting, trade, and finance.
82GF Score

Get the complete analysis for SHSE:601168

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

¥29.22
Price
¥22.99
GF Value