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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 %. Changjiang & Jinggong Steel Building (Group) Co's annualized return on invested capital (ROIC %) for the quarter that ended in Mar. 2026 was 5.34%.
Changjiang & Jinggong Steel Building (Group) Co (SHSE:600496) 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, Changjiang & Jinggong Steel Building (Group) Co's WACC % is 8.70%. Changjiang & Jinggong Steel Building (Group) Co's ROIC % is 7.91% (calculated using TTM income statement data).
Changjiang & Jinggong Steel Building (Group) Co 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.
Changjiang & Jinggong Steel Building (Group) Co ROIC % Related Terms
Changjiang & Jinggong Steel Building (Group) Co 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.
Changjiang & Jinggong Steel Building (Group) Co ROIC % Chart
Changjiang & Jinggong Steel Building (Group) 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.
Changjiang & Jinggong Steel Building (Group) Co ROIC % vs Construction Industry
Note:
The Operating Income data used here is four times the quarterly (Mar. 2026) 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.
Changjiang & Jinggong Steel Building (Group) Co (SHSE:600496) has a ROIC % of 5.34% as of Mar. 2026. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Changjiang & Jinggong Steel Building (Group) Co and its competitors.
Is Changjiang & Jinggong Steel Building (Group) Co's ROIC % too high?
Changjiang & Jinggong Steel Building (Group) Co's current ROIC % is 5.34%. The Construction industry median ROIC % is 4.67. Changjiang & Jinggong Steel Building (Group) Co's value of 5.34% is 14.3% above this industry median. Overall, Changjiang & Jinggong Steel Building (Group) Co has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Changjiang & Jinggong Steel Building (Group) Co's ROIC % compare to PWR and FIX?
Changjiang & Jinggong Steel Building (Group) Co's ROIC % of 5.34% can be compared against companies in the Construction industry. The industry median ROIC % is 4.67. Changjiang & Jinggong Steel Building (Group) Co's value of 5.34% is 14.3% 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 Construction company?
The median ROIC % among Construction companies is 4.67, based on 1,758 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. Changjiang & Jinggong Steel Building (Group) Co's current ROIC % of 5.34% is 14.3% 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 Changjiang & Jinggong Steel Building (Group) Co 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. Changjiang & Jinggong Steel Building (Group) Co's current ROIC % is 5.34%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Changjiang & Jinggong Steel Building (Group) Co stock overvalued right now?
Based on GuruFocus' analysis, Changjiang & Jinggong Steel Building (Group) Co (SHSE:600496) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥4.06, compared to a current price of ¥3.18 — trading 21.7% below its estimated fair value. The current ROIC % is 5.34% and 14.3% above the Construction industry median of 4.67. Changjiang & Jinggong Steel Building (Group) Co's overall GF Score™ is 84/100 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 Changjiang & Jinggong Steel Building (Group) Co (SHSE:600496), the current ROIC % is 5.34% as of Mar. 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 Changjiang & Jinggong Steel Building (Group) Co (SHSE:600496) Overvalued in 2026?
Based on GuruFocus' analysis, Changjiang & Jinggong Steel Building (Group) Co stock appears to be undervalued.
The current stock price of ¥3.18 is trading 21.7% below its estimated GF Value™ of ¥4.06.
GuruFocus considers Changjiang & Jinggong Steel Building (Group) Co to be Modestly Undervalued.
Key valuation signals for SHSE:600496:
ROIC %: 5.34%
GF Value™: ¥4.06 vs. price of ¥3.18 (21.7% below fair value)
Industry Position: 14.3% above the Construction median
No single metric tells the full story. See the SHSE:600496 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Changjiang & Jinggong Steel Building (Group) Co Business Description
Changjiang & Jinggong Steel Building (Group) Co Ltd is a China-based company engaged in the design, production, construction, and engineering services of steel construction and enclosure system. Its main products include light steel structures, space large span steel structures, high-rise steel structures, envelope systems and fasteners, as well as curtain wall systems. The company mainly operates its businesses in the domestic and overseas markets.
84GF Score
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