Zhejiang Expressway CoZHEXF +1.78%73 ROE % is 9.16% as of Dec. 2025, which is 43% below its 10-year median of 16.01. GuruFocus rates ZHEXF with a GF Score™ of 73/100 and a GF Value™ of $1.06 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,738 Construction companies, Zhejiang Expressway Co ranks worse than 56.27% on this metric.
The historical rank and industry rank for Zhejiang Expressway Co's ROE % or its related term are showing as below:
ZHEXF'
s ROE % Range Over the Past 10 Years
Min: 5.32 Med: 16.01 Max: 19.32
Current: 5.32
During the past 13 years, Zhejiang Expressway Co's highest ROE % was 19.32%. The lowest was 5.32%. And the median was 16.01%.
ZHEXF's ROE % is ranked worse than 56.27% of 1738
companies
in the Construction industry
Industry Median: 6.715
vs ZHEXF: 5.32
Zhejiang Expressway Co (OTCPK:ZHEXF) 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 (Dec. 2025) net income data. The Revenue data used here is four times the quarterly (Dec. 2025) 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.
Zhejiang Expressway Co ROE % Competitor Comparison
For the Infrastructure Operations subindustry, Zhejiang Expressway 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.
Zhejiang Expressway Co ROE % vs Construction Industry
For the Construction industry and Industrials sector, Zhejiang Expressway Co's ROE % distribution charts can be found below:
* The bar in red indicates where Zhejiang Expressway 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 (Dec. 2025) net income data.
ROE % is displayed in the 30-year financial page.
Zhejiang Expressway Co (ZHEXF) has a ROE % of 9.16% as of Dec. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Zhejiang Expressway Co and its competitors. This is 43% below median its historical median of 16.01. Over the past decade, Zhejiang Expressway Co's ROE % has ranged from 5.32 to 19.32. According to the industry distribution chart, Zhejiang Expressway Co ranks #978 out of 1738 companies in the Construction industry, placing it in the top 56.3%.
Is Zhejiang Expressway Co's ROE % too high?
Zhejiang Expressway Co's current ROE % of 9.16% is 43% below median its 10-year median of 16.01. Over the past 10 years, this metric has ranged from a low of 5.32 to a high of 19.32. The Construction industry median ROE % is 6.72. Zhejiang Expressway Co's value of 9.16% is 36.4% above this industry median. Based on the distribution chart, Zhejiang Expressway Co ranks #978 out of 1738 companies in the Construction industry, which is below the industry midpoint. Overall, Zhejiang Expressway Co has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Expressway Co's ROE % compare to competitors?
According to the Construction industry distribution chart, Zhejiang Expressway Co ranks #978 out of 1738 companies for ROE %. This places Zhejiang Expressway Co in the lower half of its industry. The industry median ROE % is 6.72. Zhejiang Expressway Co's value of 9.16% is 36.4% above this benchmark. Historically, Zhejiang Expressway Co's own ROE % has ranged from 5.32 to 19.32 over the past decade. While the company's 10-year median is 16.01 vs. the industry median of 6.72, Zhejiang Expressway 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 6.72, based on 1,738 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 Expressway Co's current ROE % of 9.16% is 36.4% 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 Expressway Co and its competitors. For the Construction industry, the median ROE % is 6.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Expressway Co's current ROE % is 9.16%, which is 43% below median its own 10-year median of 16.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Expressway Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Expressway Co (ZHEXF) is currently considered Modestly Undervalued. The stock's GF Value™ is $1.06, compared to a current price of $0.82 — trading 23.1% below its estimated fair value. The current ROE % is 9.16%, which is 43% below median its 10-year median of 16.01 and 36.4% above the Construction industry median of 6.72. Zhejiang Expressway Co's overall GF Score™ is 73/100 with 4 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 Expressway Co (ZHEXF), the current ROE % is 9.16% as of Dec. 2025. 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 Expressway Co (ZHEXF) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Expressway Co stock appears to be undervalued.
The current stock price of $0.82 is trading 23.1% below its estimated GF Value™ of $1.06.
GuruFocus considers Zhejiang Expressway Co to be Modestly Undervalued.
Key valuation signals for ZHEXF:
ROE %: 9.16% (43% below median its 10-year median of 16.01)
GF Value™: $1.06 vs. price of $0.82 (23.1% below fair value)
Industry Position: 36.4% above the Construction median (#978 of 1738)
No single metric tells the full story. See the ZHEXF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Expressway Co Ltd is a Chinese infrastructure company that, through its subsidiaries, develops, maintains, and operates high-grade roads. The company organizes itself into three segments: toll operation, securities business, and other business. The company derives the majority of revenue and earnings from the toll road business. The securities business, the next segment, provides brokerage services, including advisory, margin lending, and asset management. The company earns the entirety of its revenue domestically.
73GF Score
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