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Guangdong Provincial Expressway Development Co (SZSE:000429) 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.
Guangdong Provincial Expressway Development Co ROE % Related Terms
Guangdong Provincial Expressway Development 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.
Guangdong Provincial Expressway Development Co ROE % Chart
Guangdong Provincial Expressway Development 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.
Guangdong Provincial Expressway Development Co ROE % vs Construction 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.
Guangdong Provincial Expressway Development Co (SZSE:000429) has a ROE % of 14.41% 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 Guangdong Provincial Expressway Development Co and its competitors. This is 10% below median its historical median of 16.04. Over the past decade, Guangdong Provincial Expressway Development Co's ROE % has ranged from 9.39 to 20.10. According to the industry distribution chart, Guangdong Provincial Expressway Development Co ranks #428 out of 1747 companies in the Construction industry, placing it in the top 24.5%.
Is Guangdong Provincial Expressway Development Co's ROE % too high?
Guangdong Provincial Expressway Development Co's current ROE % of 14.41% is 10% below median its 10-year median of 16.04. Over the past 10 years, this metric has ranged from a low of 9.39 to a high of 20.10. The Construction industry median ROE % is 6.68. Guangdong Provincial Expressway Development Co's value of 14.41% is 115.7% above this industry median. Based on the distribution chart, Guangdong Provincial Expressway Development Co ranks #428 out of 1747 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Guangdong Provincial Expressway Development Co has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Guangdong Provincial Expressway Development Co's ROE % compare to competitors?
According to the Construction industry distribution chart, Guangdong Provincial Expressway Development Co ranks #428 out of 1747 companies for ROE %. This places Guangdong Provincial Expressway Development Co in the top 25% of its industry — outperforming the majority of peers. The industry median ROE % is 6.68. Guangdong Provincial Expressway Development Co's value of 14.41% is 115.7% above this benchmark. Historically, Guangdong Provincial Expressway Development Co's own ROE % has ranged from 9.39 to 20.10 over the past decade. While the company's 10-year median is 16.04 vs. the industry median of 6.68, Guangdong Provincial Expressway Development 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 Construction company?
The median ROE % among Construction companies is 6.68, based on 1,747 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. Guangdong Provincial Expressway Development Co's current ROE % of 14.41% is 115.7% 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 Guangdong Provincial Expressway Development Co and its competitors. For the Construction industry, the median ROE % is 6.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Guangdong Provincial Expressway Development Co's current ROE % is 14.41%, which is 10% below median its own 10-year median of 16.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Guangdong Provincial Expressway Development Co stock overvalued right now?
Based on GuruFocus' analysis, Guangdong Provincial Expressway Development Co (SZSE:000429) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥11.67, compared to a current price of ¥13.27 — trading 13.7% above its estimated fair value. The current ROE % is 14.41%, which is 10% below median its 10-year median of 16.04 and 115.7% above the Construction industry median of 6.68. Guangdong Provincial Expressway Development Co's overall GF Score™ is 69/100 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 Guangdong Provincial Expressway Development Co (SZSE:000429), the current ROE % is 14.41% 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 Guangdong Provincial Expressway Development Co (SZSE:000429) Overvalued in 2026?
Based on GuruFocus' analysis, Guangdong Provincial Expressway Development Co stock appears to be overvalued.
The current stock price of ¥13.27 is trading 13.7% above its estimated GF Value™ of ¥11.67.
GuruFocus considers Guangdong Provincial Expressway Development Co to be Modestly Overvalued.
Key valuation signals for SZSE:000429:
ROE %: 14.41% (10% below median its 10-year median of 16.04)
GF Value™: ¥11.67 vs. price of ¥13.27 (13.7% above fair value)
Industry Position: 115.7% above the Construction median (#428 of 1747)
No single metric tells the full story. See the SZSE:000429 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Guangdong Provincial Expressway Development Co Ltd is principally engaged in the development and operation of expressways and large bridges. It is involved in tolling and maintenance of Guangfo Expressway, Fokai Expressway, Jiujiang Bridge, Huiyan Expressway, Maozhan Expressway, Jiangzhong Expressway, Kangda Expressway and Gankang Expressway.
69GF Score
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