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Zhejiang Weiming Environment Protection Co (SHSE:603568) 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 (Jun. 2026) net income data. The Revenue data used here is four times the quarterly (Jun. 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.
Zhejiang Weiming Environment Protection Co ROE % Related Terms
Zhejiang Weiming Environment Protection Co ROE % Historical 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.
Zhejiang Weiming Environment Protection Co ROE % Chart
Zhejiang Weiming Environment Protection Co Annual Data
* 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.
Zhejiang Weiming Environment Protection Co ROE % vs Waste Management Industry
* 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 (Jun. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Zhejiang Weiming Environment Protection Co (SHSE:603568) has a ROE % of 13.02% as of Jun. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Zhejiang Weiming Environment Protection Co and its competitors. This is 44% below median its historical median of 23.08. Over the past decade, Zhejiang Weiming Environment Protection Co's ROE % has ranged from 11.66 to 27.50. According to the industry distribution chart, Zhejiang Weiming Environment Protection Co ranks #62 out of 233 companies in the Waste Management industry, placing it in the top 26.6%.
Is Zhejiang Weiming Environment Protection Co's ROE % too high?
Zhejiang Weiming Environment Protection Co's current ROE % of 13.02% is 44% below median its 10-year median of 23.08. Over the past 10 years, this metric has ranged from a low of 11.66 to a high of 27.50. The Waste Management industry median ROE % is 6.19. Zhejiang Weiming Environment Protection Co's value of 13.02% is 110.3% above this industry median. Based on the distribution chart, Zhejiang Weiming Environment Protection Co ranks #62 out of 233 companies in the Waste Management industry, which is above the industry midpoint. Overall, Zhejiang Weiming Environment Protection Co has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Weiming Environment Protection Co's ROE % compare to WM and RSG?
According to the Waste Management industry distribution chart, Zhejiang Weiming Environment Protection Co ranks #62 out of 233 companies for ROE %. This puts Zhejiang Weiming Environment Protection Co in the upper half of its industry. The industry median ROE % is 6.19. Zhejiang Weiming Environment Protection Co's value of 13.02% is 110.3% above this benchmark. Historically, Zhejiang Weiming Environment Protection Co's own ROE % has ranged from 11.66 to 27.50 over the past decade. While the company's 10-year median is 23.08 vs. the industry median of 6.19, Zhejiang Weiming Environment Protection 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 Waste Management company?
The median ROE % among Waste Management companies is 6.19, based on 233 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. Zhejiang Weiming Environment Protection Co's current ROE % of 13.02% is 110.3% 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 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 Zhejiang Weiming Environment Protection Co and its competitors. For the Waste Management industry, the median ROE % is 6.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Weiming Environment Protection Co's current ROE % is 13.02%, which is 44% below median its own 10-year median of 23.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Weiming Environment Protection Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Weiming Environment Protection Co (SHSE:603568) is currently considered Fairly Valued. The stock's GF Value™ is ¥13.90, compared to a current price of ¥14.60 — trading 5% above its estimated fair value. The current ROE % is 13.02%, which is 44% below median its 10-year median of 23.08 and 110.3% above the Waste Management industry median of 6.19. Zhejiang Weiming Environment Protection Co's overall GF Score™ is 88/100 with 7 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 Zhejiang Weiming Environment Protection Co (SHSE:603568), the current ROE % is 13.02% as of Jun. 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 Zhejiang Weiming Environment Protection Co (SHSE:603568) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Weiming Environment Protection Co stock appears to be overvalued.
The current stock price of ¥14.60 is trading 5% above its estimated GF Value™ of ¥13.90.
GuruFocus considers Zhejiang Weiming Environment Protection Co to be Fairly Valued.
Key valuation signals for SHSE:603568:
ROE %: 13.02% (44% below median its 10-year median of 23.08)
GF Value™: ¥13.90 vs. price of ¥14.60 (5% above fair value)
Industry Position: 110.3% above the Waste Management median (#62 of 233)
No single metric tells the full story. See the SHSE:603568 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Weiming Environment Protection Co Ltd is a China-based company engaged in the solid waste disposal business. It is focused on solid waste-related technological development, equipment manufacturing and sales, project investment, project construction, and operational management. The company is also engaged in waste incineration power generation projects. The company's products include waste incineration grates, boilers, and flue gas treatment systems.
88GF Score
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