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.
China TelecomFRA:ZCH 84 10-Year ROIIC % is 16.85 as of Dec. 2025. GuruFocus rates FRA:ZCH with a GF Score™ of 84/100 and a GF Value™ of €0.58. The stock has 7 warning signs investors should review. Among 327 Telecommunication Services companies, China Telecom ranks better than 79.82% on this metric.
10-Year Return on Invested Incremental Capital (10-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 10-year.
China Telecom's 10-Year ROIIC % for the quarter that ended in Dec. 2025 was 16.85%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for China Telecom's 10-Year ROIIC % or its related term are showing as below:
FRA:ZCH's 10-Year ROIIC % is ranked better than 79.82% of 327
companies
in the Telecommunication Services industry
Industry Median: 4.08
vs FRA:ZCH: 16.85
China Telecom (FRA:ZCH) 10-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
China Telecom 10-Year ROIIC % Related Terms
China Telecom 10-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for China Telecom's 10-Year ROIIC % 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.
FRA:ZCH vs VZ, TMUS, T: 10-Year ROIIC % Comparison
For the Telecom Services subindustry, China Telecom's 10-Year ROIIC %, along with its competitors' market caps and 10-Year ROIIC % 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.
China Telecom 10-Year ROIIC % vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, China Telecom's 10-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where China Telecom's 10-Year ROIIC % 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.
** Annual data of NOPAT and Invested Capital was used to calculate 10-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
China Telecom (FRA:ZCH) has a 10-Year ROIIC % of 16.85 as of Dec. 2025. 10-Year ROIIC % measures the change in earnings as a percentage of change in investment over 10-year. View historical data on China Telecom and its competitors. According to the industry distribution chart, China Telecom ranks #66 out of 327 companies in the Telecommunication Services industry, placing it in the top 20.2%.
Is China Telecom's 10-Year ROIIC % too high?
China Telecom's current 10-Year ROIIC % is 16.85. The Telecommunication Services industry median 10-Year ROIIC % is 4.08. China Telecom's value of 16.85 is 313% above this industry median. Based on the distribution chart, China Telecom ranks #66 out of 327 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, China Telecom has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does China Telecom's 10-Year ROIIC % compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, China Telecom ranks #66 out of 327 companies for 10-Year ROIIC %. This places China Telecom in the top 20% of its industry — outperforming the majority of peers. The industry median 10-Year ROIIC % is 4.08. China Telecom's value of 16.85 is 313% 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 10-Year ROIIC % for a Telecommunication Services company?
The median 10-Year ROIIC % among Telecommunication Services companies is 4.08, based on 327 companies in the industry. Companies in the top quartile (top 25%) have a 10-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 10-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. China Telecom's current 10-Year ROIIC % of 16.85 is 313% 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 10-Year ROIIC % mean?
A high 10-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 10-Year ROIIC % measures the change in earnings as a percentage of change in investment over 10-year. View historical data on China Telecom and its competitors. For the Telecommunication Services industry, the median 10-Year ROIIC % is 4.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Telecom's current 10-Year ROIIC % is 16.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Telecom stock overvalued right now?
China Telecom (FRA:ZCH) has a current 10-Year ROIIC % of 16.85. The stock's GF Value™ is €0.58, compared to a current price of €0.53 — trading 8.6% below its estimated fair value. The current 10-Year ROIIC % is 16.85 and 313% above the Telecommunication Services industry median of 4.08. China Telecom's overall GF Score™ is 84/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 10-Year ROIIC % calculated?
10-Year ROIIC % is calculated from a company's financial statements. For China Telecom (FRA:ZCH), the current 10-Year ROIIC % is 16.85 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 China Telecom (FRA:ZCH) Overvalued in 2026?
Based on GuruFocus' analysis, China Telecom stock appears to be undervalued.
The current stock price of €0.53 is trading 8.6% below its estimated GF Value™ of €0.58.
Key valuation signals for FRA:ZCH:
10-Year ROIIC %: 16.85
GF Value™: €0.58 vs. price of €0.53 (8.6% below fair value)
Industry Position: 313% above the Telecommunication Services median (#66 of 327)
No single metric tells the full story. See the FRA:ZCH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Telecom is the largest fixed-line operator in China, originally covering 21 southern provinces but now operating nationally. It has 201 million broadband customers, and 439 million wireless subscribers, having overtaken China Unicom to become the second-largest wireless operator in China behind China Mobile. The firm is increasing its cross-selling of products and seeing strong growth from industrial digitization services, such as internet data centers and cloud computing. Its internet data center business is already the largest in China and it is expanding overseas.
84GF Score
Get the complete analysis for FRA:ZCH
10-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:ZCH has been successfully added to your 
