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ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Everbright Grand China Assets's annualized return on invested capital (ROIC %) for the quarter that ended in Dec. 2025 was 0.69%.
As of today (2026-08-22), Everbright Grand China Assets's WACC % is 7.18%. Everbright Grand China Assets's ROIC % is 1.04% (calculated using TTM income statement data).
Everbright Grand China Assets earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Everbright Grand China Assets (HKSE:03699) ROIC % Explanation
ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.
There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.
Why is ROIC % important?
Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.
As of today, Everbright Grand China Assets's WACC % is 7.18%. Everbright Grand China Assets's ROIC % is 1.04% (calculated using TTM income statement data).
Everbright Grand China Assets earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Be Aware
Like ROE % and ROA %, ROIC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Everbright Grand China Assets ROIC % Related Terms
Everbright Grand China Assets ROIC % 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.
For the Real Estate Services subindustry, Everbright Grand China Assets's ROIC %, along with its competitors' market caps and ROIC % 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.
Everbright Grand China Assets ROIC % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Everbright Grand China Assets's ROIC % distribution charts can be found below:
* The bar in red indicates where Everbright Grand China Assets's ROIC % falls into.
Note:
The Operating Income data used here is two times the semi-annual (Dec. 2025) data.
The tax rate is limited to between 0% and 100%.
* 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.
Everbright Grand China Assets (HKSE:03699) has a ROIC % of 0.69% as of Dec. 2025. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Everbright Grand China Assets and its competitors.
Is Everbright Grand China Assets' ROIC % too high?
Everbright Grand China Assets' current ROIC % is 0.69%. The Real Estate industry median ROIC % is 2.12. Everbright Grand China Assets' value of 0.69% is 67.5% below this industry median. Overall, Everbright Grand China Assets has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Everbright Grand China Assets' ROIC % compare to CBRE and BEKE?
Everbright Grand China Assets' ROIC % of 0.69% can be compared against companies in the Real Estate industry. The industry median ROIC % is 2.12. Everbright Grand China Assets' value of 0.69% is 67.5% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROIC % for a Real Estate company?
The median ROIC % among Real Estate companies is 2.12, based on 1,757 companies in the industry. Companies in the top quartile (top 25%) have a ROIC % significantly above this median, while those in the bottom quartile fall well below. However, ROIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Everbright Grand China Assets's current ROIC % of 0.69% is 67.5% below 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 ROIC % mean?
A high ROIC % can signal that a stock is expensive relative to its fundamentals. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Everbright Grand China Assets and its competitors. For the Real Estate industry, the median ROIC % is 2.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Everbright Grand China Assets's current ROIC % is 0.69%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Everbright Grand China Assets stock overvalued right now?
Based on GuruFocus' analysis, Everbright Grand China Assets (HKSE:03699) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.42, compared to a current price of HK$0.40 — trading 6% below its estimated fair value. The current ROIC % is 0.69% and 67.5% below the Real Estate industry median of 2.12. Everbright Grand China Assets' overall GF Score™ is 61/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROIC % calculated?
ROIC % is calculated from a company's financial statements. For Everbright Grand China Assets (HKSE:03699), the current ROIC % is 0.69% 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 Everbright Grand China Assets (HKSE:03699) Overvalued in 2026?
Based on GuruFocus' analysis, Everbright Grand China Assets stock appears to be undervalued.
The current stock price of HK$0.40 is trading 6% below its estimated GF Value™ of HK$0.42.
GuruFocus considers Everbright Grand China Assets to be Fairly Valued.
Key valuation signals for HKSE:03699:
ROIC %: 0.69%
GF Value™: HK$0.42 vs. price of HK$0.40 (6% below fair value)
Industry Position: 67.5% below the Real Estate median
No single metric tells the full story. See the HKSE:03699 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Everbright Grand China Assets Ltd is a property management company engaged in property leasing, provision of property management services, and sales of properties held for sale. The Group's leasing properties are located in Chengdu, Sichuan province, and Kunming, Yunnan province, in the PRC. The Group mainly operates in the Chinese Mainland.
61GF Score
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