Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. 36KR Holdings's annualized return on invested capital (ROIC %) for the quarter that ended in Dec. 2025 was 19.12%.
As of today (2026-08-02), 36KR Holdings's WACC % is 2.71%. 36KR Holdings's ROIC % is 6.80% (calculated using TTM income statement data).
36KR Holdings generates higher returns on investment than it costs the company to raise the capital needed for that investment. It 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.
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, 36KR Holdings's WACC % is 2.71%. 36KR Holdings's ROIC % is 6.80% (calculated using TTM income statement data).
36KR Holdings generates higher returns on investment than it costs the company to raise the capital needed for that investment. It 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.
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.
36KR Holdings ROIC % Related Terms
36KR Holdings ROIC % Historical Data
* Premium members only.
The historical data trend for 36KR Holdings's ROIC % can be seen below:
* 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 Advertising Agencies subindustry, 36KR Holdings'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.
36KR Holdings ROIC % vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, 36KR Holdings's ROIC % distribution charts can be found below:
* The bar in red indicates where 36KR Holdings'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.
36KR Holdings (KRKR) has a ROIC % of 19.12% 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 36KR Holdings and its competitors.
Is 36KR Holdings' ROIC % too high?
36KR Holdings' current ROIC % is 19.12%. The Media - Diversified industry median ROIC % is 1.47. 36KR Holdings' value of 19.12% is 1200.7% above this industry median. Overall, 36KR Holdings has a GF Score™ of 43/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does 36KR Holdings' ROIC % compare to CNFN and EDHL?
36KR Holdings' ROIC % of 19.12% can be compared against companies in the Media - Diversified industry. The industry median ROIC % is 1.47. 36KR Holdings' value of 19.12% is 1200.7% above 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 Media - Diversified company?
The median ROIC % among Media - Diversified companies is 1.47, based on 1,007 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. 36KR Holdings's current ROIC % of 19.12% is 1200.7% 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 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 36KR Holdings and its competitors. For the Media - Diversified industry, the median ROIC % is 1.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. 36KR Holdings's current ROIC % is 19.12%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is 36KR Holdings stock overvalued right now?
Based on GuruFocus' analysis, 36KR Holdings (KRKR) is currently considered Possible Value Trap. The stock's GF Value™ is $5.02, compared to a current price of $2.88 — trading 42.6% below its estimated fair value. The current ROIC % is 19.12% and 1200.7% above the Media - Diversified industry median of 1.47. 36KR Holdings' overall GF Score™ is 43/100 with 4 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 36KR Holdings (KRKR), the current ROIC % is 19.12% 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 36KR Holdings (KRKR) Overvalued in 2026?
Based on GuruFocus' analysis, 36KR Holdings stock appears to be undervalued.
The current stock price of $2.88 is trading 42.6% below its estimated GF Value™ of $5.02.
GuruFocus considers 36KR Holdings to be Possible Value Trap.
Key valuation signals for KRKR:
ROIC %: 19.12%
GF Value™: $5.02 vs. price of $2.88 (42.6% below fair value)
Industry Position: 1200.7% above the Media - Diversified median
No single metric tells the full story. See the KRKR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
36KR Holdings Inc is a holding company and conducts its business mainly through its subsidiaries, a VIE, and subsidiaries of the VIE. The Group is engaging in providing content and business services to new economy participants in the PRC. Its content production process includes content creation, content editing, screening and monitoring, and content distribution. The Group mainly generates revenues from providing online advertising services, enterprise value-added services, and subscription services. The Group's principal operations and geographic markets are substantially located in the PRC.
43GF Score
Get the complete analysis for KRKR
ROIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
KRKR has been successfully added to your 
