ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Ming Shing Group Holdings's annualized return on invested capital (ROIC %) for the quarter that ended in Sep. 2025 was -93.18%.
As of today (2026-07-11), Ming Shing Group Holdings's WACC % is 9.03%. Ming Shing Group Holdings's ROIC % is -104.08% (calculated using TTM income statement data).
Ming Shing Group Holdings earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Ming Shing Group Holdings (NAS:PMA) 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, Ming Shing Group Holdings's WACC % is 9.03%. Ming Shing Group Holdings's ROIC % is -104.08% (calculated using TTM income statement data).
Ming Shing Group Holdings 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.
* 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 Engineering & Construction subindustry, Ming Shing Group 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.
Ming Shing Group Holdings ROIC % vs Construction Industry
For the Construction industry and Industrials sector, Ming Shing Group Holdings's ROIC % distribution charts can be found below:
* The bar in red indicates where Ming Shing Group Holdings's ROIC % falls into.
Note:
The Operating Income data used here is two times the semi-annual (Sep. 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.
Ming Shing Group Holdings (PMA) has a ROIC % of -93.18% as of Sep. 2025. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Ming Shing Group Holdings and its competitors.
Is Ming Shing Group Holdings' ROIC % too high?
Ming Shing Group Holdings' current ROIC % is -93.18%. Overall, Ming Shing Group Holdings has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Ming Shing Group Holdings' ROIC % compare to ONEG and ZDAI?
Ming Shing Group Holdings' ROIC % of -93.18% can be compared against companies in the Construction industry. The industry median ROIC % is 4.67. 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 Construction company?
The median ROIC % among Construction companies is 4.67, based on 1,753 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. 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 Ming Shing Group Holdings and its competitors. For the Construction industry, the median ROIC % is 4.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ming Shing Group Holdings's current ROIC % is -93.18%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ming Shing Group Holdings stock overvalued right now?
Ming Shing Group Holdings (PMA) has a current ROIC % of -93.18%. The current ROIC % is -93.18%. Ming Shing Group Holdings' overall GF Score™ is 17/100 with 5 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 Ming Shing Group Holdings (PMA), the current ROIC % is -93.18% as of Sep. 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.
Ming Shing Group Holdings Ltd is a holding company, which is principally operated through its indirectly wholly-owned Hong Kong Operating Subsidiaries, MS (HK) Engineering Limited and MS Engineering Co., Limited. It is engaged in wet trades works, such as plastering works, tile laying works, brick laying works, floor screeding works and marble works. the company is mainly engaged in private-sector projects in Hong Kong. Its private sector projects mainly involve private residential developments and commercial developments. The project owners of its private sector projects are generally property developers, and its customers are generally main contractors and wet trades work subcontractors engaged under such projects. It derives maximum revenue from Private sector.
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