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Zhongce Rubber Group CoSHSE:603049 +1.03%11 ROE % is 19.37% as of Mar. 2026, which is 12% above its 10-year median of 17.31. GuruFocus rates SHSE:603049 with a GF Score™ of 11/100. The stock has 6 warning signs investors should review. Among 1,307 Vehicles & Parts companies, Zhongce Rubber Group Co ranks better than 87.68% on this metric.
The historical rank and industry rank for Zhongce Rubber Group Co's ROE % or its related term are showing as below:
SHSE:603049'
s ROE % Range Over the Past 10 Years
Min: 9.74 Med: 17.31 Max: 29.49
Current: 18.16
During the past 13 years, Zhongce Rubber Group Co's highest ROE % was 29.49%. The lowest was 9.74%. And the median was 17.31%.
SHSE:603049's ROE % is ranked better than 87.68% of 1307
companies
in the Vehicles & Parts industry
Industry Median: 6.64
vs SHSE:603049: 18.16
Zhongce Rubber Group Co (SHSE:603049) 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.
* 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 Auto Parts subindustry, Zhongce Rubber Group 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.
Zhongce Rubber Group Co ROE % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Zhongce Rubber Group Co's ROE % distribution charts can be found below:
* The bar in red indicates where Zhongce Rubber Group Co'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.
Zhongce Rubber Group Co (SHSE:603049) has a ROE % of 19.37% 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 Zhongce Rubber Group Co and its competitors. This is 12% above median its historical median of 17.31. Over the past decade, Zhongce Rubber Group Co's ROE % has ranged from 9.74 to 29.49. According to the industry distribution chart, Zhongce Rubber Group Co ranks #161 out of 1307 companies in the Vehicles & Parts industry, placing it in the top 12.3%.
Is Zhongce Rubber Group Co's ROE % too high?
Zhongce Rubber Group Co's current ROE % of 19.37% is 12% above median its 10-year median of 17.31. Over the past 10 years, this metric has ranged from a low of 9.74 to a high of 29.49. The Vehicles & Parts industry median ROE % is 6.64. Zhongce Rubber Group Co's value of 19.37% is 191.7% above this industry median. Based on the distribution chart, Zhongce Rubber Group Co ranks #161 out of 1307 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Zhongce Rubber Group Co has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Zhongce Rubber Group Co's ROE % compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Zhongce Rubber Group Co ranks #161 out of 1307 companies for ROE %. This places Zhongce Rubber Group Co in the top 12% of its industry — outperforming the majority of peers. The industry median ROE % is 6.64. Zhongce Rubber Group Co's value of 19.37% is 191.7% above this benchmark. Historically, Zhongce Rubber Group Co's own ROE % has ranged from 9.74 to 29.49 over the past decade. While the company's 10-year median is 17.31 vs. the industry median of 6.64, Zhongce Rubber Group Co has consistently been above the industry average. 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 Vehicles & Parts company?
The median ROE % among Vehicles & Parts companies is 6.64, based on 1,307 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. Zhongce Rubber Group Co's current ROE % of 19.37% is 191.7% 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 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 Zhongce Rubber Group Co and its competitors. For the Vehicles & Parts industry, the median ROE % is 6.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhongce Rubber Group Co's current ROE % is 19.37%, which is 12% above median its own 10-year median of 17.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhongce Rubber Group Co stock overvalued right now?
Zhongce Rubber Group Co (SHSE:603049) has a current ROE % of 19.37%. The current ROE % is 19.37%, which is 12% above median its 10-year median of 17.31 and 191.7% above the Vehicles & Parts industry median of 6.64. Zhongce Rubber Group Co's overall GF Score™ is 11/100 with 6 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 Zhongce Rubber Group Co (SHSE:603049), the current ROE % is 19.37% 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.
Zhongce Rubber Group Co Ltd is engaged in Research and development, production and sales of tire products such as all-steel tires, semi-steel tires, bias tires and car tires.
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